Vonage holdings corp (VG)
Income statement / Quarterly
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'11Sep'10Jun'10
Service, access and product revenues

283,077

-

-

-

260,110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

USF revenues

14,380

-

-

-

19,431

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

297,457

309,687

302,534

297,584

279,541

273,803

261,531

259,875

253,573

254,020

253,083

251,836

243,347

246,763

248,359

233,675

226,824

230,124

223,360

221,858

219,730

214,533

214,710

218,878

220,733

211,220

203,984

204,776

209,087

213,711

207,584

211,916

215,903

215,690

216,507

218,285

219,841

214,126

225,341

Telephony services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

212,135

221,704

Customer equipment and shipping

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,991

3,637

Operating Expenses:
Service, access and product cost of revenues

113,038

-

-

-

93,980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

USF cost of revenues

14,380

-

-

-

19,431

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenues (exclusive of depreciation and amortization)

-

-

133,833

128,221

-

111,873

104,351

107,204

103,567

103,266

102,938

103,861

94,889

122,545

87,377

76,078

69,150

68,513

67,193

64,209

61,853

56,546

56,475

58,942

59,420

75,654

52,882

53,527

55,181

84,161

55,245

58,195

61,623

58,847

59,230

57,883

60,189

60,263

62,969

Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,591

8,352

9,066

8,597

8,206

8,217

9,190

8,106

9,205

9,450

9,739

9,956

9,535

9,217

8,878

9,568

10,444

9,275

9,846

10,125

10,711

9,865

11,055

13,214

14,053

Sales and marketing

85,621

88,598

83,628

95,362

95,523

82,232

74,380

77,685

77,136

78,006

73,576

79,738

81,931

84,293

83,731

83,344

79,601

89,919

88,028

84,385

85,564

87,184

93,000

98,067

95,486

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Engineering and development

19,203

19,142

16,901

16,891

16,526

16,635

14,309

10,375

10,820

7,634

6,956

6,670

8,370

7,607

8,075

7,243

6,834

6,921

6,830

6,864

6,605

6,386

4,992

4,086

5,405

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

40,882

39,292

41,306

36,615

35,459

37,948

37,620

32,174

27,582

24,126

26,811

36,514

35,086

34,043

27,538

35,053

26,670

29,897

28,860

27,162

23,234

25,494

24,160

22,370

26,756

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,752

61,481

62,910

35,114

59,676

58,396

61,835

58,579

59,451

58,481

58,243

58,908

60,768

Marketing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59,133

58,330

51,669

52,801

51,361

54,956

53,422

51,604

51,044

52,211

49,404

49,254

49,324

Depreciation and amortization

20,485

23,061

21,319

20,662

21,214

19,094

16,024

19,062

16,800

18,003

18,179

18,394

17,947

19,070

18,018

18,218

16,979

17,979

15,446

14,463

13,945

12,468

12,275

12,445

12,326

11,415

8,459

8,205

7,975

8,052

8,110

8,518

8,644

8,638

8,683

8,664

11,066

12,649

13,929

Loss from abandonment of software assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-25,262

-

-

0

0

-

-

-

Total operating expenses

293,609

305,712

296,987

297,751

282,133

267,782

246,684

246,500

235,905

231,035

228,460

245,177

238,223

241,549

233,330

228,288

208,300

221,826

214,563

205,300

200,391

196,184

200,107

205,360

209,132

202,958

194,761

190,760

186,613

189,696

184,836

214,602

195,370

187,793

189,119

187,104

189,957

194,288

201,043

Income (loss) from operations

3,848

3,975

5,547

-167

-2,592

6,021

14,847

13,375

17,668

22,985

24,623

6,659

5,124

5,214

15,029

5,387

18,524

8,298

8,797

16,558

19,339

18,349

14,603

13,518

11,601

8,262

9,223

14,016

22,474

24,015

22,748

-2,686

20,533

27,897

27,388

31,181

29,884

19,838

24,298

Other Income (Expense):
Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

25

21

24

24

21

20

48

37

31

91

99

97

74

37

29

30

30

20

23

33

37

42

154

173

Interest expense

8,082

8,304

8,454

8,487

7,576

5,774

3,036

3,097

3,161

3,483

3,821

3,861

3,703

3,565

3,974

3,057

2,446

2,541

2,222

2,088

1,935

1,632

1,680

1,434

2,077

1,859

1,509

1,732

1,457

1,267

1,402

1,566

1,751

2,002

2,926

5,588

6,602

11,569

12,423

Change in fair value of embedded features within notes payable and stock warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-950

-62,150

-8,241

Loss on extinguishment of notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-7,985

-3,228

-593

-1,545

-3,985

Other income (expense), net

229

455

58

-147

-416

-749

347

337

-253

327

468

690

-215

-30

-495

104

154

-247

-50

32

-577

-10

-2

36

-13

-33

-15

-17

-39

-16

28

-65

42

-266

-47

44

-2

-19

-43

Total other expense, net

-7,853

-7,849

-8,396

-8,634

-7,992

-6,523

-2,689

-2,760

-3,414

-3,156

-3,353

-3,171

-3,918

-3,660

-4,450

-2,928

-2,271

-2,764

-2,248

-2,035

-2,492

-1,594

-1,645

-1,367

-1,999

-1,793

-1,427

-1,675

-1,459

-1,254

-1,344

-1,601

-1,689

-2,245

-10,925

-8,735

-8,105

-75,129

-24,519

Loss before income tax benefit

-4,005

-3,874

-2,849

-8,801

-10,584

-502

12,158

10,615

14,254

19,829

21,270

3,488

1,206

1,554

10,579

2,459

16,253

5,534

6,549

14,523

16,847

16,755

12,958

12,151

9,602

6,469

7,796

12,341

21,015

22,761

21,404

-4,287

18,844

25,652

16,463

22,446

21,779

-55,291

-221

Income tax benefit

-250

-1,499

18,248

-13,325

-10,050

6,441

2,570

2,056

-10,270

75,102

10,668

-1,337

-4,707

3,592

3,539

2,241

8,322

2,128

3,116

6,176

6,998

6,749

5,631

5,261

4,118

1,521

3,811

4,894

7,968

9,928

8,191

-947

4,923

-324,494

426

698

666

91

341

(Loss)/income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,406

3,433

8,347

9,849

10,006

7,327

6,890

5,484

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-1,615

-4,512

-2,962

-1,507

-1,279

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal, net of taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-824

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-2,439

-4,512

-2,962

-1,507

-1,279

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss)/income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,406

3,433

8,347

7,410

5,494

4,365

5,383

4,205

3,322

3,985

7,447

13,047

-

13,213

-

-

-

-

-

-

-

-

Plus: Net loss from discontinued operations attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-59

-110

-191

-135

-383

-266

-222

0

0

-

0

-

-

-

-

-

-

-

-

Net loss

-3,755

-2,375

-21,097

4,524

-534

-6,943

9,588

8,559

24,524

-55,273

10,602

4,825

5,913

-2,038

7,040

218

7,931

3,406

3,433

8,347

7,469

5,604

4,556

5,518

4,588

3,588

4,207

7,447

13,047

12,833

13,213

-3,340

13,921

350,146

16,037

21,748

21,113

-55,382

-562

Basic net (loss)/income per share - from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.02

0.04

0.05

0.04

0.04

0.03

0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted net (loss)/income per share - from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.02

0.04

0.04

0.06

0.03

0.03

0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic net income per share-from discontinued operations attributable to Vonage (USD per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-0.01

-0.02

-0.01

-0.01

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted net loss per share - from discontinued operations attributable to Vonage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-0.01

-0.02

-0.01

-0.01

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss per common share:
Basic and Diluted

-0.02

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (loss) earnings per share

-

-

-0.09

0.02

-

-0.04

0.04

0.04

0.11

-0.25

0.05

0.02

0.03

-0.01

0.03

0.00

0.04

0.01

0.02

0.04

0.04

0.03

0.02

0.03

0.02

0.01

0.02

0.04

0.06

0.05

0.06

-0.01

0.06

1.55

0.07

0.10

0.10

-0.26

0.00

Diluted (loss) earnings (loss) per share

-

-

-0.09

0.02

-

-0.03

0.04

0.03

0.10

-0.23

0.04

0.02

0.02

-0.01

0.03

0.00

0.04

0.01

0.02

0.04

0.03

0.03

0.02

0.02

0.02

0.02

0.02

0.03

0.06

0.05

0.06

-0.01

0.06

1.44

0.07

0.09

0.09

-0.26

0.00

Weighted-average common shares outstanding:
Basic and Diluted (in shares)

243,627

-

-

-

240,527

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic weighted average common shares outstanding

-

-

242,336

242,475

-

239,740

239,303

237,919

233,034

229,438

227,943

223,492

220,371

218,407

217,000

213,558

214,039

213,871

213,291

213,582

211,844

207,123

208,580

211,390

212,195

209,855

209,589

212,169

214,639

219,340

225,555

226,429

225,732

225,620

225,281

224,233

222,162

212,086

211,305

Diluted

-

-

242,336

249,720

-

249,315

249,516

248,256

248,481

179,100

242,720

239,938

239,486

245,971

234,868

222,700

224,225

228,481

225,182

222,188

220,589

214,311

217,176

221,002

225,187

221,982

217,059

219,837

223,202

234,359

233,708

226,429

236,036

240,857

241,189

244,590

240,340

212,086

211,305