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PROCORE TECHNOLOGIES, INC. (PCOR)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K10-K10-KS-1/AS-1
Revenues  514.8400.3289.2186.4112.3
            Revenue growth  28.6%38.4%55.2%66.1% 
Cost of goods sold  98.371.753.237.425.4
Gross profit  416.5328.6236.0149.086.9
            Gross margin  80.9%82.1%81.6%79.9%77.4%
Selling, general and administrative   [+]465.1262.5231.6148.1102.3
Research and development  237.3124.787.056.039.8
EBITDA   [+]-249.6-32.5-67.7  
            EBITDA margin  -48.5%-8.1%-23.4%-29.5%-49.1%
Depreciation  22.620.212.5  
EBITA  -272.1-52.8-80.3-55.0-55.1
            EBITA margin  -52.9%-13.2%-27.8%-29.5%-49.1%
Amortization of intangibles  13.85.82.4  
EBIT   [+]-285.9-58.5-82.6-55.0-55.1
            EBIT margin  -55.5%-14.6%-28.6%-29.5%-49.1%
Interest expense  2.22.10.9 0.2
Other income (expense), net   [+]-0.8-36.60.5-1.40.0
Pre-tax income  -288.9-97.2-83.0-56.4-55.3
Income taxes  -23.8-1.00.10.30.2
            Tax rate  8.2%1.0%   
Net income  -265.2-99.2-83.1-56.7-55.5
            Net margin  -51.5%-24.8%-28.7%-30.4%-49.5%
   
Basic EPS   [+]($2.86)($3.56)($3.41) ($3.15)
Diluted EPS   [+]($2.86)($3.56)($3.41) ($3.15)
   
Shares outstanding (basic)   [+]92.727.924.4 17.6
Shares outstanding (diluted)   [+]92.727.924.4 17.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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