Verint Systems Inc VRNT Income Statement

Verint systems inc (VRNT)

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	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Oct'10	Jul'10
Revenue:
Revenue
-	324,867	-	315,259	-	303,983	-	289,207	318,731	280,726	274,777	260,995	295,859	258,902	261,921	245,424	280,794	284,054	295,882	269,536	311,653	282,574	276,816	257,393	255,745	224,314	222,447	204,786	228,961	201,520	212,426	196,635	211,993	199,364	194,959	176,332	186,641	180,676
Cost of revenue:
Amortization of acquired technology
5,722	5,968	5,587	6,707	6,524	5,933	5,520	7,426	9,970	9,182	9,530	9,534	9,358	9,700	9,134	9,180	8,878	9,060	9,856	7,980	7,986	8,096	8,564	6,358	4,349	1,935	2,347	3,638	3,688	3,696	3,644	3,784	3,640	3,425	2,685	2,650	2,256	2,220
Total cost of revenue
119,865	113,272	116,441	114,188	110,575	111,239	113,307	114,092	113,905	111,405	110,674	110,803	116,268	103,206	102,461	100,694	101,678	105,517	118,538	103,173	108,667	101,103	102,555	102,823	88,348	72,157	72,607	73,308	72,414	65,282	75,980	68,328	73,764	70,139	69,109	55,349	58,941	60,346
Gross profit
219,338	211,595	207,864	201,071	219,655	192,744	193,020	175,115	204,826	169,321	164,103	150,192	179,591	155,696	159,460	144,730	179,116	178,537	177,344	166,363	202,986	181,471	174,261	154,570	167,397	152,157	149,840	131,478	156,547	136,238	136,446	128,307	138,229	129,225	125,850	120,983	127,700	120,330
Operating expenses:
Research and development, net
58,135	57,694	58,685	57,169	53,113	51,587	52,254	52,152	48,732	47,157	48,521	46,233	42,223	41,028	43,099	44,720	42,909	45,443	46,132	43,166	45,340	43,008	44,077	41,323	34,604	30,704	31,203	30,028	29,576	27,732	30,195	28,403	29,361	28,464	26,808	26,368	24,063	22,049
Selling, general and administrative
124,579	116,306	126,265	121,721	114,701	99,902	104,083	107,497	112,355	97,304	103,494	101,807	106,872	98,899	101,146	100,035	98,239	99,870	111,769	102,850	104,320	102,738	107,160	101,048	86,845	77,472	81,364	81,704	85,335	85,626	73,953	72,723	74,918	76,536	72,217	70,235	67,868	69,144
Amortization of other acquired intangible assets
8,328	7,778	7,639	7,713	8,289	7,585	7,452	7,684	7,482	7,048	8,142	11,537	11,113	10,244	11,466	11,266	10,764	10,896	10,733	10,737	11,039	11,367	11,554	11,203	6,469	6,150	6,010	6,033	6,100	6,109	6,035	6,198	5,998	5,943	5,415	5,546	5,376	5,338
Total operating expenses
191,042	181,778	192,589	186,603	176,103	159,074	163,789	167,333	168,569	151,509	160,157	159,577	160,208	150,171	155,711	156,021	151,912	156,209	168,634	156,753	160,699	157,113	162,791	153,574	127,918	114,326	118,577	117,765	121,011	119,467	110,183	107,324	110,277	110,943	104,440	102,149	97,307	96,531
Operating Income (Loss)
28,296	29,817	15,275	14,468	43,552	33,670	29,231	7,782	36,257	17,812	3,946	-9,385	19,383	5,525	3,749	-11,291	27,204	22,328	8,710	9,610	42,287	24,358	11,470	996	39,479	37,831	31,263	13,713	35,536	16,771	26,263	20,983	27,952	18,282	21,410	18,834	30,393	23,799
Other income (expense), net:
Interest income
1,103	1,404	1,687	1,426	1,531	1,319	1,134	793	684	654	809	330	353	229	313	153	498	335	463	194	387	208	250	225	400	242	166	155	152	125	124	130	214	153	146	148	109	117
Interest expense
10,235	10,102	10,107	9,934	9,674	8,686	9,922	9,062	8,962	8,891	9,118	8,988	8,986	8,708	8,724	8,544	8,520	8,467	8,561	8,337	8,558	8,494	9,383	10,226	7,793	7,416	7,383	7,188	7,751	7,698	7,867	7,718	7,802	7,905	7,857	8,794	8,941	5,936
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	0	-1,934	-	-	0	0	-	-	-	-	-	0	0	-5,454	-7,092	0	0	-173	-9,706	0	0	0	0	0	0	0	-8,136	-	-
Other Nonoperating Income (Expense)
-996	1,082	909	-790	-1,712	-489	-1,241	-464	3,373	-565	4,983	-1,889	-4,266	-1,121	-5,358	3,819	-4,562	-4,175	-3,751	211	-10,837	167	-1,729	2,828	-15,262	-646	-2,559	-1,808	-1,097	-340	-483	634	-925	-1,313	738	1,012	2,159	-2,448
Total other expense, net
-10,128	-7,616	-7,511	-9,298	-9,855	-7,856	-10,029	-8,733	-5,121	-8,802	-5,260	-10,547	-12,899	-9,600	-13,769	-4,572	-12,584	-12,307	-11,849	-7,932	-19,008	-8,119	-16,316	-14,265	-22,655	-7,820	-9,949	-18,547	-8,696	-7,913	-8,226	-6,954	-8,513	-9,065	-6,973	-15,770	-6,673	-8,267
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
18,133	22,200	7,800	5,170	33,713	25,800	19,200	-951	31,136	9,010	-1,314	-19,932	6,484	-4,075	-10,020	-15,863	14,620	10,021	-3,139	1,678	23,279	16,239	-4,846	-13,269	16,824	30,011	21,314	-4,834	26,840	8,858	18,037	14,029	19,439	9,217	14,437	3,064	23,720	15,532
Income Tax Expense (Benefit)
11,511	9,200	-4,500	1,409	5,368	5,600	-3,700	274	12,850	5,944	4,452	-892	-1,975	3,359	1,058	330	-4,167	1,551	2,621	947	16,789	4,766	5,534	-42,088	-7,330	5,957	2,809	3,103	-454	2,243	4,772	2,399	1,564	-704	3,163	1,509	5,332	3,141
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
6,668	12,983	12,271	3,761	28,308	20,213	22,924	-1,225	18,286	3,066	-5,766	-19,040	8,459	-7,434	-11,078	-16,193	18,787	8,470	-5,760	731	6,490	11,473	-10,380	28,819	24,154	24,054	18,505	-7,937	27,294	6,615	13,265	11,630	17,875	9,921	11,274	1,555	18,388	12,391
Net income attributable to noncontrolling interests
1,799	1,302	1,713	2,185	1,002	1,293	944	990	1,189	577	661	746	441	803	627	1,263	1,282	836	1,325	1,147	1,907	803	1,898	863	1,267	1,567	969	1,216	1,405	1,144	658	1,595	696	470	799	1,667	1,214	916
Net Income (Loss) Attributable to Parent
4,869	11,681	10,558	1,576	27,306	18,920	21,980	-2,215	17,097	2,489	-6,427	-19,786	8,018	-8,237	-11,705	-17,456	17,505	7,634	-7,085	-416	4,583	10,670	-12,278	27,956	22,887	22,487	17,536	-9,153	25,889	5,471	12,607	10,035	17,179	9,451	10,475	-112	17,174	11,475
Dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	174	3,951	3,909	3,868	3,744	3,787	3,747	3,707	3,549	3,592	3,554
Net income attributable to Verint Systems Inc. common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,887	22,487	17,536	-9,327	21,938	1,562	8,739	6,291	13,392	5,704	6,768	-3,661	13,582	7,921
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.08	0.17	0.16	0.02	0.42	0.29	0.34	-0.03	0.28	0.04	-0.10	-0.32	0.13	-0.13	-0.19	-0.28	0.29	0.12	-0.11	-0.01	0.04	0.18	-0.21	0.52	0.44	0.42	0.33	-0.18	0.55	0.04	0.22	0.16	0.35	0.15	0.18	-0.10	0.38	0.24
Diluted (in dollars per share)
0.08	0.17	0.16	0.02	0.41	0.29	0.33	-0.03	0.28	0.04	-0.10	-0.32	0.13	-0.13	-0.19	-0.28	0.28	0.12	-0.11	-0.01	0.05	0.17	-0.21	0.51	0.42	0.42	0.33	-0.18	0.54	0.04	0.22	0.16	0.34	0.15	0.17	-0.10	0.36	0.23
Weighted-average common shares outstanding
Basic (in shares)
66,007	66,799	66,272	65,438	65,908	65,122	64,694	63,928	63,819	63,759	63,185	62,485	62,551	62,895	62,668	62,258	62,272	62,206	61,733	61,041	60,845	60,644	57,158	53,737	53,547	53,374	52,977	51,970	40,478	39,785	39,712	39,017	38,920	38,807	38,557	37,392	35,368	33,272
Weighted Average Number of Shares Outstanding, Diluted
67,371	67,442	67,519	67,088	69,012	66,200	65,840	63,928	62,990	64,588	63,185	62,485	62,551	62,895	62,668	62,258	66,132	62,778	61,733	61,041	63,828	61,492	57,158	55,018	55,959	53,946	53,637	51,970	41,365	39,922	40,072	39,889	41,964	39,263	39,377	37,392	47,679	35,006
Product
Revenue
124,337	116,331	109,983	104,224	127,074	111,670	110,042	105,864	120,606	94,827	94,412	89,817	124,332	88,004	90,456	75,712	115,267	115,573	121,767	102,799	147,960	118,346	113,175	108,136	129,289	101,974	97,865	87,350	108,394	87,404	101,990	91,999	105,527	101,164	100,423	83,278	97,769	93,103
Revenues
-	116,331	-	-	-	111,670	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
39,106	30,533	29,424	28,120	29,005	33,124	32,984	34,809	33,281	32,840	31,944	33,924	40,824	29,499	26,573	26,383	33,315	34,982	41,877	34,897	40,346	32,925	32,122	39,477	42,974	33,322	30,090	31,172	29,054	25,420	36,382	30,892	36,682	33,623	33,214	22,531	26,615	29,866
Service and support
Revenue
214,866	208,536	214,322	211,035	203,156	192,313	196,285	183,343	198,125	185,899	180,365	171,178	171,527	170,898	171,465	169,712	165,527	168,481	174,115	166,737	163,693	164,228	163,641	149,257	126,456	122,340	124,582	117,436	120,567	114,116	110,436	104,636	106,466	98,200	94,536	93,054	88,872	87,573
Revenues
-	208,536	-	-	-	192,313	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
75,037	76,771	81,430	79,361	75,046	72,182	74,803	71,857	70,654	69,383	69,200	67,345	66,086	64,007	66,754	65,131	59,485	61,475	66,805	60,296	60,335	60,082	61,869	56,988	41,025	36,900	40,170	38,498	39,672	36,166	35,954	33,652	33,442	33,091	33,210	30,168	30,070	28,260