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SolarWinds Corp (SWI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Revenue:          
Total revenue   719.4719.0720.9721.6718.6717.5721.0
            Total revenue growth   0.1%0.2%0.0%-8.7%-16.8%-22.5%-26.5%
Cost of revenue:          
Cost of recurring revenue   67.867.669.069.267.064.259.9
Amortization of acquired technologies   52.353.053.754.555.355.454.2
    Total cost of revenue   96.0131.6169.3206.0227.0225.0220.1
    Gross profit   623.4587.4551.6515.6491.6492.5500.9
            Gross margin   86.7%81.7%76.5%71.5%68.4%68.6%69.5%
   
Operating expenses:          
Sales and marketing   257.7252.5246.3239.8236.4233.2227.5
Research and development   92.391.495.298.9101.8100.595.7
General and administrative   149.5157.3143.3132.8131.0124.0119.3
Amortization of acquired intangibles   52.353.053.754.555.355.454.2
Goodwill impairment    891.1612.4    
    Total operating expenses   1,443.01,445.31,150.9525.9524.5513.1496.7
    Operating income (loss)   -819.6-858.0-599.3-10.3-32.9-20.64.2
            Operating margin   -113.9%-119.3%-83.1%-1.4%-4.6%-2.9%0.6%
   
Other income (expense):          
Interest expense, net   -83.4-73.9-66.6-64.4-64.5-64.9-65.8
Other income (expense), net   -5.1-3.30.6-0.40.51.90.1
    Total other expense   -88.4-77.2-66.0-64.8-64.1-63.1-65.7
    Income (loss) before income taxes   -908.0-935.2-665.3-75.1-96.9-83.6-61.5
Income tax expense   21.45.7-17.8-27.7-32.5-167.9-147.1
    Net income (loss)   -929.4-942.6-659.4-48.9-51.4105.0126.4
   
    Net income (loss) available to common stockholders   ($5.77)($5.86)($4.11)($0.31)($0.33)$0.66$0.80
    Net income (loss) available to common stockholders     -622.1    
   
Net income (loss) available to common stockholders per share:          
Basic income (loss) per share (in dollars per share)   ($5.77)($5.86)($4.11)($0.31)($0.33)$0.66$0.80
Diluted income (loss) per share (in dollars per share)   ($5.77)($5.86)($4.11)($0.31)($0.33)$0.65$0.79
   
Weighted-average shares used to compute net income (loss) available to common stockholders per share:          
Shares used in computation of basic income (loss) per share (in shares)   160.6159.9159.2158.5157.8157.1156.4
Shares used in computation of diluted income (loss) per share (in shares)   160.6159.9159.7159.0158.3158.3157.8

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