Ubiquiti inc. (UBNT)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Revenues

1,255,619

1,203,113

1,202,105

1,161,733

1,144,870

1,110,363

1,053,898

1,016,861

975,699

943,654

906,379

865,268

822,328

771,402

719,737

666,395

625,986

606,009

597,275

595,947

606,687

607,562

592,864

572,464

517,689

452,513

388,975

320,823

314,459

322,969

335,885

353,517

326,203

285,689

242,959

197,874

0

0

0

Cost of revenues

666,570

640,869

644,716

624,129

619,663

603,510

590,376

573,289

549,488

532,833

497,319

469,560

440,042

405,709

370,142

341,600

324,810

321,349

322,635

333,760

341,777

343,017

336,369

318,997

288,719

253,690

220,638

185,489

182,448

186,764

192,875

202,514

188,204

166,245

142,763

117,062

0

0

0

Gross profit

589,049

562,244

557,389

537,604

525,207

506,853

463,522

443,572

426,211

410,821

409,060

395,708

382,286

365,693

349,595

324,795

301,176

284,660

274,640

262,187

264,910

264,545

256,495

253,467

228,970

198,823

168,337

135,334

132,011

136,205

143,010

151,003

137,999

119,444

100,196

80,812

0

0

0

Operating expenses:
Research and development

88,495

88,164

84,100

82,070

79,048

75,127

75,618

74,324

76,430

75,613

71,483

69,094

62,435

59,652

58,743

57,765

57,482

58,898

56,405

54,565

50,048

44,225

39,366

33,962

29,322

25,586

22,561

20,955

20,468

19,410

18,041

16,699

15,007

13,326

12,247

11,374

0

0

0

Sales, general and administrative

39,575

38,321

39,921

43,237

46,633

49,467

49,222

43,121

40,118

37,006

35,655

36,853

36,094

35,558

33,990

33,269

29,152

26,124

24,053

21,607

22,480

23,034

23,446

23,560

23,290

23,511

23,051

21,775

18,086

14,285

11,402

9,012

9,110

8,510

7,837

7,358

0

0

0

Litigation settlement

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business e-mail compromise (BEC) fraud (recovery)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,294

30,843

30,846

31,103

39,137

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

128,070

126,485

142,021

143,307

143,681

142,594

124,840

117,445

116,548

112,619

107,138

105,947

98,529

95,207

92,473

82,740

117,477

115,868

111,561

115,309

72,528

67,259

62,812

57,522

52,612

49,097

45,612

42,730

38,554

33,695

29,443

25,711

24,117

21,836

20,084

18,732

0

0

0

Income from operations

460,979

435,759

415,368

394,297

381,526

364,259

338,682

326,127

309,663

298,202

301,922

289,761

283,757

270,486

257,122

242,055

183,699

168,792

163,079

146,878

192,382

197,286

193,683

195,945

176,358

149,726

122,725

92,604

93,457

102,510

113,567

125,292

113,882

97,608

80,112

62,080

0

0

0

Interest expense and other, net

-26,978

-23,807

-14,934

-12,808

-12,637

-13,871

-13,151

-11,985

-9,964

-6,321

-4,999

-4,737

-4,145

-3,617

-3,098

-2,115

-1,603

-1,856

-1,188

-1,130

-1,360

-880

-1,146

-1,334

-1,059

-1,063

-1,011

-851

-1,971

-1,874

-1,989

-1,269

161

360

706

79

0

0

0

Income before income taxes

434,001

411,952

400,434

381,489

368,889

350,388

325,531

314,142

299,699

291,881

296,923

285,024

279,612

266,869

254,024

239,940

182,096

166,936

161,891

145,748

191,022

196,406

192,537

194,611

175,299

148,663

121,714

91,753

92,754

101,904

112,846

124,023

112,775

96,700

79,550

62,159

0

0

0

Provisions for income taxes

75,495

68,895

65,295

58,795

47,075

14,075

118,475

117,852

112,719

143,258

36,280

27,518

25,078

24,068

22,379

26,324

21,668

18,070

16,212

16,085

16,459

17,781

18,385

17,674

18,939

16,835

13,875

11,263

12,620

14,517

18,571

21,434

20,536

19,348

15,911

12,432

0

0

0

Net income

358,574

343,152

335,137

322,694

321,884

336,323

207,068

196,290

186,883

148,576

260,643

257,506

254,534

242,801

231,645

213,616

160,428

148,866

145,679

129,663

174,563

178,625

174,152

176,937

156,360

131,828

107,839

80,490

80,134

87,387

94,275

102,589

92,239

77,352

63,639

49,727

0

0

0

Preferred stock cumulative dividend and accretion of cost of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112,431

0

0

0

-

-

-

-

Less allocation of net income to participating preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,784

0

0

0

Accretion of cost of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Less allocation of net income to participating preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net income (loss) attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

4,875

0

0

0

Undistributed earnings re-allocated to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

103

0

0

0

Net income (loss) attributable to common stockholdersdiluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-69,728

-80,049

4,978

0

0

0

Net income per share of common stock:
Basic (in usd per share)

1.60

1.32

1.44

1.02

1.25

1.09

1.16

0.93

1.34

-0.66

0.93

0.75

0.79

0.74

0.88

0.70

0.63

0.58

0.62

0.05

0.47

0.52

0.43

0.57

0.51

0.48

0.46

0.33

0.24

0.20

0.14

0.72

0.30

0.16

-1.30

-0.09

0.05

0.06

0.06

Diluted (in usd per share)

1.60

1.32

1.43

1.01

1.25

1.09

1.16

0.93

1.32

-0.66

0.92

0.74

0.77

0.72

0.86

0.69

0.62

0.57

0.61

0.05

0.46

0.52

0.42

0.55

0.50

0.47

0.45

0.32

0.23

0.20

0.14

0.72

0.30

0.16

-1.30

-0.10

0.05

0.06

0.06

Weighted average shares used in computing net income per share of common stock:
Basic (in shares)

64,630

64,973

68,390

70,201

70,540

71,225

73,774

74,145

76,782

77,654

80,135

80,279

81,652

82,169

81,812

82,473

83,349

84,724

87,062

87,692

87,904

88,196

88,240

88,115

87,901

87,661

87,411

87,188

87,004

88,094

90,970

91,775

91,861

87,487

62,717

62,662

62,610

62,610

64,486

Diluted (in shares)

64,699

65,071

68,484

70,347

70,692

71,406

73,963

75,969

77,953

77,654

81,748

81,949

83,317

83,888

83,854

83,895

84,685

86,091

88,465

89,226

89,400

89,737

89,913

89,959

89,775

89,653

89,473

89,102

88,953

90,056

92,925

86,890

94,177

90,056

62,717

66,805

66,416

66,349

68,058

Other comprehensive income:
Unrealized (losses) gains on available-for-sale securities

-285

130

300

400

223

-102

-100

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive (loss) gains

-199

216

386

393

177

-148

-146

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income

358,375

343,368

335,523

323,087

322,061

336,175

206,922

196,290

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

-

-

0.00

0.18

-

-

0.00

0.00

-

-

-

-

-