WAGEWORKS, INC. WAGE Income Statement

Wageworks, inc. (WAGE)

Income statement / TTM

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
455,890	463,769	472,184	475,199	476,074	476,698	476,095	456,661	427,065	394,596	355,561	340,018	337,928	336,022	334,316	329,670	314,508	290,508	267,832	244,406	229,979	225,783	219,278	210,904	199,871	189,087	177,282	163,072	154,395	0	0	0
Healthcare
268,647	271,579	274,861	275,531	275,299	275,397	274,815	262,729	241,999	219,412	195,108	184,414	181,455	179,654	176,573	173,120	169,516	163,294	155,989	149,072	143,118	139,397	135,140	131,796	125,658	119,402	112,905	104,864	101,210	0	0	0
Operating expenses:
Cost of revenues (excluding amortization of internal use software)
149,337	148,820	154,804	158,494	163,639	170,815	173,661	170,045	160,764	145,874	129,046	118,399	115,013	116,359	117,170	119,531	118,118	109,500	100,226	90,978	85,327	84,102	81,918	76,605	72,515	68,203	64,647	60,424	58,458	0	0	0
Technology and development
58,594	56,386	53,079	52,249	53,001	54,124	56,362	56,288	53,838	50,159	44,719	41,262	41,340	42,287	43,041	42,930	39,612	33,127	27,741	23,697	20,389	20,841	21,459	21,604	21,454	20,326	18,849	17,149	15,812	0	0	0
Sales and marketing
72,833	73,085	73,092	71,698	70,163	66,370	64,111	62,331	59,834	59,242	57,083	54,039	52,975	51,329	50,540	52,627	51,862	48,704	44,940	39,797	36,451	35,528	34,676	34,601	32,789	31,647	30,341	26,110	24,418	0	0	0
General and administrative
110,011	104,237	101,577	93,823	84,338	83,899	72,150	67,184	62,200	59,209	60,324	59,829	57,492	55,143	54,093	51,502	49,097	46,517	42,884	40,176	39,891	38,360	37,637	35,488	32,253	30,570	28,839	26,916	25,070	0	0	0
Amortization
43,166	42,316	41,456	40,542	39,442	38,644	37,890	35,751	32,996	38,967	37,175	37,128	37,416	28,784	27,618	26,281	25,034	22,851	20,992	16,528	11,394	11,570	11,612	13,170	16,329	15,698	15,674	15,230	14,199	0	0	0
Employee termination and other charges
0	-	-	0	0	-	1,489	2,125	2,435	1,831	1,100	363	2,281	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
434,880	428,636	427,800	420,321	413,277	414,610	405,663	393,771	372,114	355,329	329,494	311,077	304,382	295,815	294,375	294,839	285,803	260,699	236,783	211,176	193,452	190,401	187,302	181,468	175,340	166,444	158,350	145,829	137,957	0	0	0
Income from operations
21,010	35,133	44,384	54,878	62,797	62,088	70,432	62,890	54,951	39,267	26,067	28,941	33,546	40,207	39,941	34,831	28,705	29,809	31,049	33,230	36,527	35,382	31,976	29,436	24,531	22,643	18,932	17,243	16,438	0	0	0
Other income (expense):
Interest and other income, net
8,660	7,232	5,849	4,888	3,706	2,346	1,147	608	385	387	406	368	317	237	153	87	22	6	5	4	6	11	17	19	30	33	36	40	35	0	0	0
Interest expense
10,358	10,614	10,087	9,209	8,693	8,039	7,293	6,230	4,692	3,748	2,717	2,150	1,968	1,755	1,925	2,125	2,285	1,930	1,612	1,276	1,103	1,218	1,339	1,532	1,662	1,745	1,772	1,438	1,093	0	0	0
Other income (expense), net
-	-	-	-56	-	-	-316	928	975	858	1,075	-575	-600	-252	-182	286	1,007	796	743	945	239	242	248	42	54	52	48	0	0	0	-	-
Gain on revaluation of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	381	246	1,059	0	0	0
Income before income taxes
19,281	31,720	40,115	50,483	57,724	56,300	63,970	58,196	51,619	36,764	24,831	26,584	31,295	38,437	37,987	33,079	27,449	28,681	30,185	32,903	35,669	34,417	30,902	27,965	22,953	21,390	17,625	16,899	16,466	0	0	0
Income Tax Expense (Benefit)
9,391	12,691	14,124	17,406	17,672	6,915	9,563	7,760	5,060	10,617	8,929	9,540	11,840	15,330	15,037	13,191	11,081	11,244	11,943	12,439	11,567	10,910	9,203	8,844	9,060	8,265	7,126	5,241	3,460	0	0	0
Net Income (Loss) Attributable to Parent
9,881	19,008	25,970	33,056	39,995	49,349	54,387	50,394	46,561	26,163	15,902	17,101	19,469	23,107	22,950	19,853	16,368	17,437	18,242	20,464	24,102	23,507	21,699	19,121	13,893	13,125	10,499	11,658	13,006	0	0	0
Net income per share:
Accretion of redemption premium expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,301	1,914	4,838	0	0	0
Net income attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,198	9,744	8,168	0	0	0
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
95,031	100,915	106,161	109,258	111,074	111,892	111,607	105,315	96,720	86,909	73,765	65,102	59,029	54,135	51,299	51,825	49,140	40,528	31,996	21,120	0	0	-	0	-	-	-	-	-	-	-	-
Commuter
Total revenues
77,111	76,398	75,936	75,018	74,220	73,209	72,874	72,169	71,752	71,382	70,215	68,379	66,812	65,374	63,895	63,533	62,608	61,630	61,776	61,372	61,243	60,915	59,579	57,893	56,034	54,532	51,817	46,573	41,865	0	0	0
Other
Total revenues
15,101	14,877	15,226	15,392	15,481	16,200	16,799	16,448	16,594	16,893	16,473	22,123	30,632	36,859	42,549	41,192	33,244	25,056	18,071	5,469	2,832	6,386	9,512	9,221	10,022	6,996	4,403	11,635	11,320	0	0	0