Veeva Systems Inc VEEV Income Statement

Veeva systems inc (VEEV)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Oct'12
Stock-based compensation
-	29,321	28,370	-	-	19,918	19,718	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues:
Total revenues
311,508	280,921	266,900	244,752	232,323	224,731	209,609	195,547	185,984	177,008	167,795	159,772	156,652	142,779	131,347	119,764	114,270	106,921	98,107	89,923	87,012	83,825	75,664	66,721	62,803	54,979	49,581	42,788	35,796
Cost of revenues:
Total cost of revenues
94,319	73,329	70,218	65,503	64,526	61,374	59,226	60,155	58,911	53,234	50,400	48,877	46,470	43,925	42,195	41,091	39,744	37,012	33,473	31,985	31,156	30,416	28,136	25,950	24,358	21,392	19,143	17,709	15,856
Gross profit
217,189	207,592	196,682	179,249	167,797	163,357	150,383	135,392	127,073	123,774	117,395	110,895	110,182	98,854	89,152	78,673	74,526	69,909	64,634	57,938	55,856	53,409	47,528	40,771	38,445	33,587	30,438	25,079	19,940
Operating expenses:
Research and development
61,201	52,575	51,146	44,973	42,759	40,001	38,826	37,197	36,993	34,035	32,678	28,311	26,095	25,012	23,563	22,073	20,097	17,667	15,255	12,957	11,742	10,635	9,787	8,992	7,858	6,585	6,357	5,527	3,605
Sales and marketing
59,369	45,524	45,821	39,617	38,561	37,699	38,222	34,385	34,678	31,892	32,070	30,141	26,612	28,391	28,908	26,723	27,086	20,345	18,057	15,496	15,328	14,251	13,810	12,814	12,768	11,467	9,610	7,662	5,316
General and administrative
36,225	28,693	25,859	23,490	23,479	22,563	20,517	19,854	16,898	15,352	14,580	13,580	12,225	11,641	12,859	12,071	12,132	11,797	8,969	8,560	8,103	8,582	7,146	6,408	6,511	5,550	4,633	3,717	2,235
Total operating expenses
156,795	126,792	122,826	108,080	104,799	100,263	97,565	91,436	88,569	81,279	79,328	72,032	64,932	65,044	65,330	60,867	59,315	49,809	42,281	37,013	35,173	33,468	30,743	28,214	27,137	23,602	20,600	16,906	11,156
Operating income
60,394	80,800	73,856	71,169	62,998	63,094	52,818	43,956	38,504	42,495	38,067	38,863	45,250	33,810	23,822	17,806	15,211	20,100	22,353	20,925	20,683	19,941	16,785	12,557	11,308	9,985	9,838	8,173	8,784
Other Nonoperating Income (Expense)
4,844	9,141	7,332	6,161	5,690	4,606	3,342	2,139	3,034	1,359	2,858	591	-243	525	-1,362	2,747	-400	110	-445	763	-1,660	-989	-101	-30	-365	125	-65	-499	74
Income before income taxes
65,238	89,941	81,188	77,330	68,688	67,700	56,160	46,095	41,538	43,854	40,925	39,454	45,007	34,335	22,460	20,553	14,811	20,210	21,908	21,688	19,023	18,952	16,684	12,527	10,943	10,110	9,773	7,674	8,858
Income Tax Expense (Benefit)
-944	7,696	1,946	3,881	-2,463	3,615	5,874	1,785	884	8,929	2,323	2,458	14,532	12,705	9,502	8,044	-2,779	9,728	8,502	8,706	5,697	8,694	7,106	5,306	4,696	3,585	3,775	2,829	3,109
Net income
66,182	82,245	79,242	73,449	71,151	64,085	50,286	44,310	40,654	34,925	38,602	36,996	30,475	21,630	12,958	12,509	17,590	10,482	13,406	12,982	13,326	10,258	9,578	7,221	6,247	6,525	5,998	4,845	5,749
Net income, basic and diluted
66,182	82,245	79,242	73,449	71,151	64,085	50,286	44,310	40,654	34,925	38,602	36,996	30,477	21,630	12,957	12,505	17,586	10,473	13,390	12,964	13,288	10,198	9,490	7,128	6,145	2,339	1,275	926	-
Net income attributable to Class A and Class B common stockholders
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,062
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,062
Earnings Per Share [Abstract]
Basic
0.44	0.56	0.54	0.50	0.49	0.44	0.35	0.31	0.28	0.25	0.28	0.27	0.22	0.16	0.10	0.09	0.13	0.08	0.10	0.10	0.10	0.08	0.07	0.06	0.05	0.07	0.05	0.04	0.05
Diluted
0.41	0.52	0.50	0.47	0.45	0.41	0.32	0.29	0.26	0.23	0.25	0.24	0.20	0.15	0.09	0.09	0.13	0.07	0.09	0.09	0.09	0.07	0.07	0.05	0.04	0.05	0.03	0.03	0.03
Weighted-average shares used to compute net income per share:
Basic
148,809	148,157	147,510	146,708	145,714	144,737	143,748	142,777	143,281	140,857	140,010	137,096	138,046	135,624	135,126	133,996	132,705	132,413	131,799	131,163	130,345	129,212	127,314	123,902	122,578	35,802	24,418	21,610	20,743
Diluted
157,849	158,750	158,675	157,910	158,092	156,025	155,416	154,935	155,634	154,256	153,778	151,056	150,013	147,436	147,155	145,708	145,240	145,063	144,871	144,734	144,737	144,289	143,353	142,849	143,221	131,963	37,038	32,988	30,369
Other comprehensive income:
Net change in unrealized gain (losses) on available-for-sale investments
212	753	461	962	714	33	357	305	-1,283	-243	34	-106	-196	-229	98	174	-68	-34	-76	-3	47	97	-114	46	-	-	-	-	0
Net change in cumulative foreign currency translation gain (loss)
74	-487	-1,742	-702	1,453	-1,153	-1,572	-809	1,860	-6	327	905	-12	-321	312	113	215	79	41	-8	3	-15	-23	-34	-	-	-	-	-
Comprehensive income
66,468	82,511	77,961	73,709	73,318	62,965	49,071	43,806	41,231	34,676	38,963	37,795	30,267	21,080	13,368	12,796	17,737	10,527	13,371	12,971	13,376	10,340	9,441	7,233	-	-	-	-	5,749
Cost of subscription services
Stock-based compensation
-	560	583	-	-	405	416	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of professional services and other
Stock-based compensation
-	4,825	4,458	-	-	2,782	2,657	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research and development
Stock-based compensation
-	9,899	9,509	-	-	5,820	5,795	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and marketing
Stock-based compensation
-	6,882	7,177	-	-	4,825	4,830	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
Stock-based compensation
-	7,155	6,643	-	-	6,086	6,020	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subscription services
Total revenues
254,107	226,760	217,312	198,115	190,658	178,214	169,592	156,003	151,951	142,802	135,550	129,131	125,997	113,575	105,211	96,032	90,404	81,736	75,280	68,894	66,535	61,435	56,572	48,521	45,686	38,935	34,063	27,937	19,969
Total cost of revenues
42,506	31,964	31,480	30,378	29,615	28,335	29,146	29,913	29,769	27,758	26,800	26,138	25,300	24,233	23,108	21,745	20,215	18,273	16,819	15,873	15,210	14,409	13,346	12,040	11,790	9,511	7,948	6,950	5,160
Professional services and other
Total revenues
57,401	54,161	49,588	46,637	41,665	46,517	40,017	39,544	34,033	34,206	32,245	30,641	30,655	29,204	26,136	23,732	23,866	25,185	22,827	21,029	20,477	22,390	19,092	18,200	17,117	16,044	15,518	14,851	15,827
Total cost of revenues
51,813	41,365	38,738	35,125	34,911	33,039	30,080	30,242	29,142	25,476	23,600	22,739	21,170	19,692	19,087	19,346	19,529	18,739	16,654	16,112	15,946	16,007	14,790	13,910	12,568	11,881	11,195	10,759	10,696