Wageworks, inc. (WAGE)
Income statement / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Revenues:
Total revenues

472,184

476,095

355,561

334,316

267,832

219,278

177,282

135,637

115,047

Healthcare

274,861

274,815

195,108

176,573

155,989

135,140

112,905

90,917

75,771

Operating expenses:
Cost of revenues (excluding amortization of internal use software)

154,804

173,661

129,046

117,170

100,226

81,918

64,647

55,651

50,205

Technology and development

53,079

56,362

44,719

43,041

27,741

21,459

18,849

13,526

12,640

Sales and marketing

73,092

64,111

57,083

50,540

44,940

34,676

30,341

20,697

18,173

General and administrative

101,577

72,150

60,324

54,093

42,884

37,637

28,839

20,876

18,231

Amortization

41,456

37,890

37,175

27,618

20,992

11,612

15,674

11,327

7,764

Employee termination and other charges

3,792

1,489

1,100

1,900

0

-

-

-

-

Total operating expenses

427,800

405,663

329,494

294,375

236,783

187,302

158,350

122,077

107,013

Income from operations

44,384

70,432

26,067

39,941

31,049

31,976

18,932

13,560

8,034

Other income (expense):
Interest and other income, net

5,849

1,147

406

153

5

17

36

36

220

Interest expense

10,087

7,293

2,717

1,925

1,612

1,339

1,772

494

188

Other income (expense), net

-31

-316

1,075

-182

743

248

48

-

-

Gain on revaluation of warrants

-

-

-

-

-

-

381

-351

-5,413

Interest expense: amortization of convertible debt discount

-

-

-

-

-

-

-

-

21,107

Income before income taxes

40,115

63,970

24,831

37,987

30,185

30,902

17,625

13,453

-18,454

Income Tax Expense (Benefit)

14,145

9,583

8,929

15,037

11,943

9,203

7,126

-19,868

-1,204

Net Income (Loss) Attributable to Parent

25,970

54,387

15,902

22,950

18,242

21,699

10,499

33,321

-17,250

Net income per share:
Accretion of redemption premium expense

-

-

-

-

-

-

2,301

6,209

6,740

Net income attributable to common stockholders

-

-

-

-

-

-

8,198

27,112

-23,990

Earnings Per Share, Basic

0.65

1.41

0.44

0.64

0.52

0.65

0.45

17.65

-15.70

Earnings Per Share, Diluted

0.64

1.38

0.43

0.63

0.50

0.62

0.33

1.43

-15.70

Shares used in computing net income per share:
Weighted Average Number of Shares Outstanding, Basic

39,846

38,447

36,404

35,784

35,145

33,626

18,138

1,536

1,528

Weighted Average Number of Shares Outstanding, Diluted

40,434

39,415

37,210

36,595

36,330

35,277

24,414

20,086

1,528

Healthcare
COBRA
Total revenues

106,161

111,607

73,765

51,299

31,996

15,047

8,157

-

-

Commuter
Total revenues

75,936

72,874

70,215

63,895

61,776

59,579

51,817

33,325

29,304

Other
Total revenues

15,226

16,799

16,473

42,549

18,071

9,512

4,403

11,395

9,972