Ultimate Software Group Inc ULTI Income Statement

Ultimate software group inc (ULTI)

Income statement / Quarterly

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
Revenues:
Recurring
287,925	266,441	254,580	239,458	236,587	214,113	203,059	195,147	189,981	175,944	167,025	158,479	152,751	141,116	131,768	124,407	119,109	112,883	107,362	102,108	97,418	90,354	85,244	80,754	78,082	73,416	67,505	64,636	60,873	57,146	54,689	52,002	49,948	46,038	44,054	41,365	39,448
Services
47,080	38,359	33,247	31,704	40,168	37,320	33,054	29,545	38,510	34,605	29,966	28,058	34,463	29,534	23,556	22,823	25,768	23,069	20,047	19,841	23,208	21,570	17,703	16,392	19,445	18,402	15,127	14,010	17,024	14,911	12,794	11,761	13,729	13,959	12,796	13,032	15,581
License
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	48	452	-21	161	323	390	360	0	531	384	681	267	442	828	409	181	320	628
Total revenues
335,005	304,800	287,827	271,162	276,755	251,433	236,113	224,692	228,491	210,549	196,991	186,537	187,214	170,650	155,324	147,230	144,877	135,430	127,431	121,997	121,078	111,903	103,108	97,469	97,917	92,178	82,632	79,177	78,281	72,738	67,750	64,205	64,505	60,406	57,031	54,717	55,657
Cost of revenues:
Recurring
82,598	72,434	71,243	66,623	62,865	55,394	52,558	52,539	50,069	46,173	44,095	42,951	39,457	36,554	34,856	34,388	32,789	31,726	30,598	28,422	26,954	24,148	23,384	22,543	21,828	20,392	19,390	19,235	19,104	16,748	16,521	15,543	14,693	13,101	12,591	12,048	11,404
Services
46,847	40,141	40,571	35,949	41,908	35,658	36,136	31,715	39,631	33,218	32,069	29,342	32,804	26,982	25,027	23,621	24,318	21,300	21,528	21,037	22,074	19,884	18,935	18,030	19,728	18,243	16,454	14,843	16,523	13,235	13,073	12,104	13,929	12,932	11,853	11,877	13,181
License
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	11	72	0	35	73	90	72	0	120	88	154	61	100	173	105	0	50	100
Total cost of revenues
129,445	112,575	111,814	102,572	104,773	91,052	88,694	84,254	89,700	79,391	76,164	72,293	72,261	63,536	59,883	58,009	57,107	52,938	52,131	49,470	49,100	44,032	42,354	40,646	41,646	38,707	35,844	34,198	35,715	30,137	29,655	27,747	28,795	26,138	24,444	23,975	24,685
Gross profit
205,560	192,225	176,013	168,590	171,982	160,381	147,419	140,438	138,791	131,158	120,827	114,244	114,953	107,114	95,441	89,221	87,770	82,492	75,300	72,527	71,978	67,871	60,754	56,823	56,271	53,471	46,788	44,979	42,566	42,601	38,095	36,458	35,710	34,268	32,587	30,742	30,972
Operating expenses:
Sales and marketing
85,622	75,812	72,077	66,207	71,197	68,340	65,066	67,015	69,360	58,074	55,212	54,548	56,582	48,019	41,687	39,195	40,763	30,638	28,104	29,462	28,829	25,816	22,481	22,672	22,910	19,238	17,218	17,472	18,637	15,496	15,002	15,524	17,123	14,038	14,640	14,580	15,116
Research and development
64,505	55,588	51,163	50,004	46,974	41,013	38,415	34,997	36,158	32,383	31,699	29,053	27,515	25,340	23,027	23,906	21,398	21,970	21,419	20,433	19,720	17,668	17,095	16,864	16,130	14,943	14,065	15,989	15,696	13,763	13,256	12,370	11,967	10,790	10,679	10,520	10,233
General and administrative
45,723	37,939	37,261	32,270	31,722	30,984	29,459	31,472	30,204	25,439	25,284	22,180	21,529	19,433	19,120	18,488	15,852	12,904	12,172	11,244	11,059	10,590	9,067	8,285	8,927	6,938	6,224	6,126	6,145	5,561	4,995	5,762	5,613	4,708	4,849	5,169	5,001
Total operating expenses
195,850	169,339	160,501	148,481	149,893	140,337	132,940	133,484	135,722	115,896	112,195	105,781	105,626	92,792	83,834	81,589	78,013	65,512	61,695	61,139	59,608	54,074	48,643	47,821	47,967	41,119	37,507	39,587	40,478	34,820	33,253	33,656	34,703	29,536	30,168	30,269	30,350
Operating income
9,710	22,886	15,512	20,109	22,089	20,044	14,479	6,954	3,069	15,262	8,632	8,463	9,327	14,322	11,607	7,632	9,757	16,980	13,605	11,388	12,370	13,797	12,111	9,002	8,304	12,352	9,281	5,392	2,088	7,781	4,842	2,802	1,007	4,732	2,419	473	622
Other (expense) income:
Interest expense and other, net
808	128	268	100	197	129	239	165	280	174	179	180	184	123	118	135	115	77	104	106	66	26	67	56	80	122	178	101	75	36	64	143	158	139	18	61	45
Other income, net
490	926	1,353	794	385	33	57	81	226	135	111	102	103	91	62	46	57	86	82	96	75	25	32	6	41	12	47	30	13	14	17	26	34	123	-2	45	22
Total other (expense) income, net
-318	798	1,085	694	188	-96	-182	-84	-54	-39	-68	-78	-81	-32	-56	-89	-58	9	-22	-10	9	-1	-35	-50	-39	-110	-131	-71	-62	-22	-47	-117	-124	-16	-20	-16	-23
Income before income taxes
9,392	23,684	16,597	20,803	22,277	19,948	14,297	6,870	3,015	15,223	8,564	8,385	9,246	14,290	11,551	7,543	9,699	16,989	13,583	11,378	12,379	13,796	12,076	8,952	8,265	12,242	9,150	5,321	2,026	7,759	4,795	2,685	883	4,716	2,399	457	599
Benefit (provision) for income taxes
-3,784	10,303	-488	7,123	1,283	22,005	9,954	2,341	-4,225	3,468	3,801	2,263	2,646	13,700	5,700	3,886	5,539	5,154	-6,073	5,015	5,496	3,988	5,776	4,050	3,745	5,944	4,493	2,668	1,002	5,783	3,710	1,792	555	3,270	1,426	186	279
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,446	973	271	320
Loss from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	77	-865	-65
Net Income (Loss) Attributable to Parent
13,176	13,381	17,085	13,680	20,994	-2,057	4,343	4,529	7,240	11,755	4,763	6,122	6,600	590	5,851	3,657	4,160	11,835	19,656	6,363	6,883	9,808	6,300	4,902	4,520	6,298	4,657	2,653	1,024	1,976	1,085	893	328	1,446	1,050	-594	255
Net income per share:
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.06	0.04	0.01	0.01
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.03	0.00
Basic (in dollars per share)
0.42	0.42	0.55	0.45	0.69	-0.08	0.15	0.15	0.25	0.41	0.16	0.21	0.23	0.02	0.20	0.13	0.15	0.42	0.69	0.23	0.24	0.35	0.23	0.18	0.16	0.24	0.17	0.10	0.04	0.09	0.04	0.03	0.01	0.06	0.04	-0.02	0.01
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.05	0.04	0.01	0.01
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.03	0.00
Diluted (in dollars per share)
0.41	0.41	0.54	0.44	0.67	-0.07	0.14	0.15	0.24	0.38	0.16	0.20	0.22	0.02	0.20	0.12	0.14	0.40	0.67	0.22	0.23	0.33	0.22	0.17	0.16	0.23	0.16	0.09	0.04	0.07	0.04	0.03	0.01	0.05	0.04	-0.02	0.01
Weighted average shares outstanding:
Basic (in shares)
31,526	31,316	31,077	30,619	30,404	30,027	29,848	29,751	29,538	29,207	28,977	28,895	28,825	28,759	28,603	28,591	28,583	28,439	28,285	28,252	28,196	28,010	27,871	27,735	27,476	27,211	26,852	26,655	26,394	51,626	25,767	25,837	25	50,039	24,937	24,839	24
Diluted (in shares)
32,140	32,319	31,775	31,113	31,105	31,306	30,770	30,623	30,497	30,833	30,475	30,240	30,108	30,011	29,715	29,591	29,567	29,539	29,306	29,218	29,309	29,378	29,095	28,875	28,704	28,651	28,495	28,281	28,073	55,586	27,747	27,863	27	54,394	27,011	26,972	26