WAGEWORKS, INC. WAGE Income Statement

Wageworks, inc. (WAGE)

Income statement / Quarterly

Jun'19	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	Sep'11	Jun'11
Revenues:
Total revenues
108,629	118,225	115,065	113,971	116,508	126,640	118,080	114,846	117,132	126,037	98,646	85,250	84,663	87,002	83,103	83,160	82,757	85,296	78,457	67,998	58,757	62,620	55,031	53,571	54,561	56,115	46,657	42,538	43,777	44,310	32,447	33,861
Healthcare
65,172	71,974	65,376	66,125	68,104	75,256	66,046	65,893	68,202	74,674	53,960	45,163	45,615	50,370	43,266	42,204	43,814	47,289	39,813	38,600	37,592	39,984	32,896	32,646	33,871	35,727	29,552	26,508	27,615	29,230	21,511	22,854
Operating expenses:
Cost of revenues (excluding amortization of internal use software)
36,660	39,258	39,533	33,886	36,143	45,242	43,223	39,031	43,319	48,088	39,607	29,750	28,429	31,260	28,960	26,364	29,775	32,071	31,321	24,951	21,157	22,797	22,073	19,300	19,932	20,613	16,760	15,210	15,620	17,057	12,537	13,244
Technology and development
15,600	16,340	13,474	13,180	13,392	13,033	12,644	13,932	14,515	15,271	12,570	11,482	10,836	9,831	9,113	11,560	11,783	10,585	9,002	8,242	5,298	5,199	4,958	4,934	5,750	5,817	5,103	4,784	4,622	4,340	3,403	3,447
Sales and marketing
18,269	18,331	18,313	17,920	18,521	18,338	16,919	16,385	14,728	16,079	15,139	13,888	14,136	13,920	12,095	12,824	12,490	13,131	14,182	12,059	9,332	9,367	9,039	8,713	8,409	8,515	8,964	6,901	7,267	7,209	4,733	5,209
General and administrative
24,672	27,909	27,749	29,681	18,898	25,249	19,995	20,196	18,459	13,500	15,029	15,212	15,468	14,615	14,534	12,875	13,119	13,565	11,943	10,470	10,539	9,932	9,235	10,185	9,008	9,209	7,086	6,950	7,325	7,478	5,163	5,104
Amortization
11,041	10,851	10,772	10,502	10,191	9,991	9,858	9,402	9,393	9,237	7,719	6,647	15,364	7,445	7,672	6,935	6,732	6,279	6,335	5,688	4,549	4,420	1,871	554	4,725	4,462	3,429	3,713	4,094	4,438	2,985	2,682
Employee termination and other charges
0	-	-	673	2,853	-	-11	-148	917	731	625	162	313	0	-	-112	2,080	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
106,242	112,689	110,107	105,842	99,998	111,853	102,628	98,798	101,331	102,906	90,736	77,141	84,546	77,071	72,319	70,446	75,979	75,631	72,783	61,410	50,875	51,715	47,176	43,686	47,824	48,616	41,342	37,558	38,928	40,522	28,821	29,686
Income from operations
2,387	5,536	4,958	8,129	16,510	14,787	15,452	16,048	15,801	23,131	7,910	8,109	117	9,931	10,784	12,714	6,778	9,665	5,674	6,588	7,882	10,905	7,855	9,885	6,737	7,499	5,315	4,980	4,849	3,788	3,626	4,175
Other income (expense):
Interest and other income, net
2,883	2,649	1,606	1,522	1,455	1,266	645	340	95	67	106	117	97	86	68	66	17	2	2	1	1	1	1	3	6	7	3	14	9	10	7	9
Interest expense
2,164	2,709	2,910	2,575	2,420	2,182	2,032	2,059	1,766	1,436	969	521	822	405	402	339	609	575	602	499	254	257	266	326	369	378	459	456	452	405	125	111
Other income (expense), net
-	-	-	-18	-	-	-56	-30	-9	-221	1,188	17	-126	-4	-462	-8	222	66	6	713	11	13	208	7	14	19	2	19	12	15	-	-
Gain on revaluation of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	762	-762	407	-26	627	51
Income before income taxes
3,106	5,476	3,641	7,058	15,545	13,871	14,009	14,299	14,121	21,541	8,235	7,722	-734	9,608	9,988	12,433	6,408	9,158	5,080	6,803	7,640	10,662	7,798	9,569	6,388	7,147	4,861	4,557	4,825	3,382	4,135	4,124
Income Tax Expense (Benefit)
1,300	1,419	1,738	4,934	4,600	2,852	5,020	5,200	-6,157	5,500	3,217	2,500	-600	3,812	3,828	4,800	2,890	3,519	1,982	2,690	3,053	4,218	2,478	1,818	2,396	2,511	2,119	2,034	1,601	1,372	234	253
Net Income (Loss) Attributable to Parent
1,797	4,057	1,903	2,124	10,924	11,019	8,989	9,063	20,278	16,057	4,996	5,230	-120	5,796	6,195	7,598	3,518	5,639	3,098	4,113	4,587	6,444	5,320	7,751	3,992	4,636	2,742	2,523	3,224	2,010	3,901	3,871
Net income per share:
Accretion of redemption premium expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	778	1,523	-387	2,924
Net income attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,742	2,523	2,446	487	4,288	947
Earnings Per Share, Basic
0.05	0.10	0.05	0.05	0.27	0.28	0.23	0.23	0.54	0.43	0.14	0.14	0.00	0.16	0.17	0.21	0.10	0.16	0.08	0.12	0.13	0.19	0.16	0.23	0.12	0.14	-0.13	0.09	0.17	0.32	2.79	0.62
Earnings Per Share, Diluted
0.04	0.10	0.05	0.05	0.27	0.27	0.23	0.23	0.53	0.42	0.13	0.14	0.00	0.16	0.17	0.21	0.10	0.15	0.08	0.11	0.13	0.18	0.15	0.22	0.11	0.14	0.13	0.08	0.10	0.02	0.17	0.06
Shares used in computing net income per share:
Weighted Average Number of Shares Outstanding, Basic
39,861	39,853	39,853	39,853	39,853	39,823	38,447	39,641	37,419	37,025	36,734	36,605	36,361	35,916	35,940	35,880	35,761	35,555	35,398	35,234	35,117	34,831	34,671	34,134	33,473	32,226	29,983	26,755	14,268	1,546	1,536	1,535
Weighted Average Number of Shares Outstanding, Diluted
40,618	40,437	40,340	40,492	40,412	40,480	39,415	40,264	38,613	38,441	38,496	37,454	36,361	36,529	36,600	36,516	36,596	36,668	36,525	36,152	36,340	36,303	36,345	35,875	35,047	33,841	24,689	31,632	24,349	16,986	19,379	16,450
Healthcare
COBRA
Total revenues
20,316	23,589	26,045	25,081	26,200	28,835	29,142	26,897	27,018	28,550	22,850	18,302	17,207	15,406	14,187	12,229	12,313	12,570	14,713	9,544	3,701	4,038	-	3,837	-	-	-	-	-	-	-	-
Commuter
Total revenues
19,560	19,340	19,426	18,785	18,847	18,878	18,508	17,987	17,836	18,543	17,803	17,570	17,466	17,376	15,967	16,003	16,028	15,897	15,605	15,078	15,050	16,043	15,201	14,949	14,722	14,707	13,515	13,090	13,220	11,992	8,271	8,382
Other
Total revenues
3,581	3,322	4,218	3,980	3,357	3,671	4,384	4,069	4,076	4,270	4,033	4,215	4,375	3,850	9,683	12,724	10,602	9,540	8,326	4,776	2,414	2,555	-4,276	2,139	5,968	5,681	-4,567	2,940	2,942	3,088	2,665	2,625