TTEC Holdings, Inc. TTEC Income Statement

Ttec holdings, inc. (TTEC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Revenue.
432,213	461,326	395,507	392,515	394,356	419,133	364,936	349,853	375,249	426,623	359,036	353,429	338,277	344,947	312,796	305,105	312,410	341,816	309,195	310,223	325,521	338,170	305,900	295,490	302,221	318,087	296,995	289,692	288,383	295,261	286,268	288,798	292,654	300,538	304,235	293,636	280,979	280,448	271,005	271,927	271,526
Operating expenses
Cost of services (exclusive of depreciation and amortization presented separately below)
321,557	345,694	304,622	299,237	293,334	313,372	286,925	274,260	283,370	312,618	275,548	268,004	253,898	249,943	233,541	226,768	231,340	245,668	225,978	223,617	232,984	240,146	220,244	212,315	213,787	220,942	208,648	208,809	208,232	212,021	201,766	209,121	211,895	218,088	220,795	210,358	199,121	202,889	193,996	198,194	194,618
Selling, general and administrative
49,834	53,894	48,062	50,864	49,720	47,817	43,321	44,245	47,045	49,942	45,167	43,985	43,220	44,895	40,628	44,774	45,500	48,575	48,418	47,376	50,237	50,537	49,847	47,802	50,367	51,343	50,165	46,168	45,747	44,945	43,845	45,709	48,135	50,273	43,445	47,283	47,801	42,091	40,572	39,741	43,408
Depreciation and amortization
18,872	18,634	16,659	17,050	16,743	17,127	17,317	16,811	17,924	17,234	16,515	16,258	14,500	16,914	16,811	17,221	17,729	17,279	15,486	15,680	15,363	15,386	13,893	14,089	13,170	12,783	11,463	11,263	10,555	10,126	10,695	10,229	10,116	10,061	11,807	11,423	11,598	12,096	12,452	12,946	12,724
Restructuring charges, net
538	175	183	428	961	1,532	2,716	1,034	849	4,897	6,006	3,593	169	502	3,688	114	88	185	622	198	809	1,600	593	617	540	254	758	2,572	851	2,181	2,440	16,296	1,958	1,353	1,616	-57	739	7,124	3,579	1,304	1,469
Impairment losses
696	166	0	2,063	1,506	332	0	0	1,120	-	-	-	-	-	5,602	-	-	-	3,066	-	-	-	-	-	-	-	0	1,205	-	0	161	997	1,800	0	0	0	230	952	327	679	0
Total operating expenses
391,497	418,563	369,526	369,642	362,264	380,180	350,279	336,350	350,308	390,013	343,236	331,840	311,787	338,702	300,270	288,877	294,657	316,741	293,570	286,871	299,393	308,042	284,577	274,823	277,864	285,322	271,034	270,017	265,385	269,273	258,907	282,352	273,904	279,775	277,663	269,007	259,489	265,152	250,926	252,864	252,219
Income from operations
40,716	42,763	25,981	22,873	32,092	38,953	14,657	13,503	24,941	36,610	15,800	21,589	26,490	6,245	12,526	16,228	17,753	25,075	15,625	23,352	26,128	30,128	21,323	20,667	24,357	32,765	25,961	19,675	22,998	25,988	27,361	6,446	18,750	20,763	26,572	24,629	21,490	15,296	20,079	19,063	19,307
Other income (expense)
Interest income
364	622	522	429	340	536	1,401	1,471	1,068	821	899	695	426	408	397	263	166	213	196	364	317	224	542	492	511	378	938	575	669	743	780	695	760	782	896	720	666	498	571	486	574
Interest expense
9,592	5,576	4,041	4,208	5,288	6,040	8,410	7,765	6,459	5,035	3,469	2,912	2,318	2,185	2,041	1,753	1,964	1,827	2,337	1,676	1,698	1,749	1,646	1,861	1,690	1,946	1,799	1,903	1,865	1,886	2,129	1,583	1,098	1,304	1,143	1,291	1,380	949	696	699	817
Deconsolidation, Gain (Loss), Amount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3,655	-	-	0	0	-	-	-	-	-	-	-	-	-
Other income (expense), net
3,396	-1,474	2,713	1,865	798	-832	989	-259	-11,516	-	4,416	1,197	-	14,343	-6,254	-756	-478	1,024	146	1,294	-307	3,663	248	4,249	1,001	-2,225	427	1,884	-808	-738	97	-582	258	801	-386	-705	444	1,259	7,420	545	32
Loss on assets held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-960	-	5,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash loss on assets held-for-sale
-	-	-	-	-	-	-	-	-	-	-	3,178	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
-5,832	-6,428	-806	-1,914	-4,150	-6,336	-6,020	-6,553	-16,907	-8,318	1,846	-4,198	-932	290	-690	-734	-1,320	-590	-1,995	-18	-1,688	2,138	-856	2,880	-178	-3,793	-434	-3,099	-2,004	-1,881	-1,252	-1,470	-80	279	-633	-1,276	-270	808	7,295	332	-211
Income before income taxes
34,884	36,335	25,175	20,959	27,942	32,617	8,637	6,950	8,034	28,292	17,646	17,391	25,558	6,535	11,836	15,494	16,433	24,485	13,630	23,334	24,440	32,266	20,467	23,547	24,179	28,972	25,527	16,576	20,994	24,107	26,109	4,976	18,670	21,042	25,939	23,353	21,220	16,104	27,374	19,395	19,096
Benefit from (provision for) income taxes
10,199	5,670	5,196	7,345	7,466	11,835	1,893	653	2,102	69,016	2,071	1,597	5,391	6,196	-813	2,952	4,528	6,566	1,192	7,841	4,405	8,971	5,778	5,417	2,876	7,995	6,358	3,854	2,391	2,969	-3,611	-1,272	1,853	3,797	-496	129	9,849	10,720	7,586	5,071	5,054
Net income
24,685	30,665	19,979	13,614	20,476	20,782	6,744	6,297	5,932	-40,724	15,575	15,794	20,167	339	12,649	12,542	11,905	17,919	12,438	15,493	20,035	23,295	14,689	18,130	21,303	20,977	19,169	12,722	18,603	21,138	29,720	6,248	16,817	17,245	26,435	23,224	11,371	5,384	19,788	14,324	14,042
Net income attributable to noncontrolling interest
3,151	2,402	1,878	1,816	1,474	449	1,369	779	1,341	728	806	1,100	922	953	1,198	926	680	916	1,243	797	1,263	1,329	1,442	1,268	1,085	1,508	1,526	407	642	756	1,291	925	936	1,132	1,064	1,007	898	869	1,118	922	755
Net income (loss) attributable to TTEC stockholders
21,534	28,263	18,101	11,798	19,002	20,333	5,375	5,518	4,591	-41,452	14,769	14,694	19,245	-614	11,451	11,616	11,225	17,003	11,195	14,696	18,772	21,966	13,247	16,862	20,218	19,469	17,643	12,315	17,961	20,382	28,429	5,323	15,881	16,113	25,371	22,217	10,473	4,515	18,670	13,402	13,287
Other comprehensive income (loss)
Foreign currency translation adjustments
-29,814	9,574	-9,138	4,749	1,631	-2,243	-2,255	-20,285	-5,599	-129	-1,153	3,339	6,228	-12,986	-8,541	-9,484	9,956	1,142	-21,997	-6,062	-11,283	-11,747	-16,660	7,010	-1,723	-8,151	-1,708	-19,617	3,134	2,069	7,358	-5,530	8,751	-2,910	-16,612	1,835	5,091	-	-	-	-
Derivative valuation, gross
-10,549	5,473	1,255	6,082	4,180	4,847	7,463	-2,019	1,235	3,218	3,221	7,517	13,975	-5,443	-6,009	-5,965	9,579	1,965	-11,426	-4,662	-1,645	-11,925	-18,908	17,780	-3,917	-7,614	-1,440	-23,801	3,390	3,616	7,260	2,719	11,671	-3,753	-7,104	-8,193	-2,287	-	-	-	-
Derivative valuation, tax effect
-2,746	1,428	353	1,630	1,119	1,314	2,015	-513	1,242	1,167	1,288	3,038	5,791	-1,605	-2,462	-2,363	4,100	1,038	-4,928	-1,845	-1,493	-4,696	-7,675	6,775	-1,382	-2,934	-412	-9,418	1,210	1,375	2,906	1,000	4,574	-1,225	-3,270	-3,070	-830	-	-	-	-
Other, net of tax
127	-840	37	-38	55	-9	103	106	108	-281	127	130	129	-481	802	225	175	-569	223	234	-2,595	272	248	280	276	147	152	137	162	-378	298	262	345	-989	113	111	110	-	-	-	-
Total other comprehensive income (loss)
-37,490	12,779	-8,199	9,163	4,747	1,281	3,296	-21,685	-5,498	1,641	907	7,948	14,541	-17,305	-11,286	-12,861	15,610	1,500	-28,272	-8,645	-14,030	-18,704	-27,645	18,295	-3,982	-12,684	-2,584	-33,863	5,476	3,932	12,010	-3,549	16,193	-6,427	-20,333	-3,177	3,744	-	-	-	-
Total comprehensive income (loss)
-12,805	43,444	11,780	22,777	25,223	22,063	10,040	-15,388	434	-39,083	16,482	23,742	34,708	-16,966	1,363	-319	27,515	19,419	-15,834	6,848	6,005	4,591	-12,956	36,425	17,321	8,293	16,585	-21,141	24,079	25,070	41,730	2,699	33,010	10,818	6,102	20,047	15,115	-	-	-	-
Less: Comprehensive income attributable to noncontrolling interest
1,700	2,715	1,693	1,787	1,503	353	1,313	516	1,442	780	899	1,240	1,014	780	1,202	792	740	583	906	731	806	951	1,053	1,167	992	1,524	1,642	277	552	774	1,357	960	948	1,112	697	956	951	-	-	-	-
Comprehensive income (loss) attributable to TTEC stockholders
-14,505	40,729	10,087	20,990	23,720	21,710	8,727	-15,904	-1,008	-39,863	15,583	22,502	33,694	-17,746	161	-1,111	26,775	18,836	-16,740	6,117	5,199	3,640	-14,009	35,258	16,329	6,769	14,943	-21,418	23,527	24,296	40,373	1,739	32,062	9,706	5,405	19,091	14,164	-	-	-	-
Weighted average shares outstanding
Basic
46,498	46,487	46,481	46,318	46,203	46,193	46,172	46,016	45,871	45,854	45,838	45,662	45,950	46,370	47,081	47,873	48,368	48,440	48,345	48,325	48,370	48,699	49,093	49,351	50,045	50,412	50,732	51,861	52,347	53,241	54,093	55,125	56,493	56,297	56,476	56,713	57,190	181,513	59,808	61	61
Diluted
46,813	46,831	46,768	46,684	46,590	46,390	46,316	46,401	46,452	46,696	46,367	46,150	46,315	46,662	47,315	48,221	48,746	48,886	48,936	49,064	49,158	49,384	49,940	50,111	50,973	51,453	51,678	52,628	53,217	54,125	54,905	55,712	57,418	57,333	57,748	57,974	58,797	186,014	61,028	62	63
Net income per share attributable to TTEC stockholders
Basic
0.46	0.61	0.39	0.25	0.41	0.44	0.12	0.12	0.10	-0.90	0.32	0.32	0.42	0.00	0.24	0.24	0.23	0.35	0.23	0.30	0.39	0.46	0.27	0.34	0.40	0.38	0.35	0.24	0.34	0.37	0.53	0.10	0.28	0.29	0.45	0.39	0.18	0.09	0.31	0.22	0.21
Diluted
0.46	0.60	0.39	0.25	0.41	0.44	0.12	0.12	0.10	-0.90	0.32	0.32	0.42	0.00	0.24	0.24	0.23	0.35	0.23	0.30	0.38	0.43	0.27	0.34	0.40	0.38	0.34	0.23	0.34	0.36	0.52	0.10	0.28	0.28	0.44	0.38	0.18	0.07	0.31	0.22	0.21
Dividends declared per share outstanding
0.34	-	0.32	0.00	0.30	-	0.28	0.00	0.27	-	0.25	0.00	0.22	-	0.20	0.00	0.18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-