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MAGNITE, INC. (MGNI)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Net basis  475.6389.4218.2156.4    
    Gross basis  101.479.13.4     
    Concentration of Basis of Revenue Recognition  577.1468.4221.6156.4    
    Mobile  192.8165.0108.488.165.671.2  
    Other      59.084.3  
Total revenues  577.1468.4221.6156.4124.7155.5278.2248.5
            Revenue growth   [+]23.2%111.4%41.7%25.4%-19.8%-44.1%12.0%98.3%
Cost of goods sold  307.2201.777.757.460.056.873.258.5
Gross profit  269.9266.8143.999.064.798.7205.0190.0
            Gross margin  46.8%56.9%64.9%63.3%51.9%63.5%73.7%76.5%
Selling, general and administrative   [+]281.5235.2129.084.387.0107.4151.9153.5
Research and development  93.874.451.540.337.947.551.242.1
Other operating expenses  7.538.217.62.0    
EBITDA   [+]103.365.8-5.04.5-24.8-20.044.725.4
            EBITDA margin  17.9%14.1%-2.2%2.9%-19.9%-12.8%16.1%10.2%
Depreciation  31.725.024.328.832.131.422.315.3
EBITA  71.640.8-29.3-24.3-57.0-51.422.410.1
            EBITA margin  12.4%8.7%-13.2%-15.5%-45.7%-33.0%8.0%4.1%
Amortization of intangibles  184.4121.924.93.33.24.820.515.7
EBIT   [+]-112.8-81.1-54.2-27.6-60.2-56.21.9-5.6
            EBIT margin  -19.5%-17.3%-24.5%-17.6%-48.3%-36.1%0.7%-2.3%
Non-recurring items   [+]    3.4100.826.8 
Interest income, net   [+]29.319.8-0.1-0.8-1.00.90.50.1
Other income (expense), net   [+]-52.1-33.81.51.43.1-0.51.51.4
Pre-tax income  -135.6-95.0-52.7-27.0-61.5-156.5-22.9-4.1
Income taxes  -5.3-95.10.7-1.50.4-1.8-4.9-4.6
            Tax rate  3.9%100.1% 5.6% 1.1%21.2%110.2%
Net income  -130.30.1-53.4-25.5-61.8-154.8-18.10.4
            Net margin  -22.6%0.0%-24.1%-16.3%-49.6%-99.5%-6.5%0.2%
   
Basic EPS   [+]($0.98)$0.00($0.55)($0.48)($1.23)($3.17)($0.39)$0.01
Diluted EPS   [+]($0.98)$0.00($0.55)($0.48)($1.22)($3.17)($0.39)$0.01
   
Shares outstanding (basic)   [+]132.9126.396.752.650.348.946.739.7
Shares outstanding (diluted)   [+]132.9136.396.752.650.648.946.744.5
   
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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