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BLACKBAUD INC (BLKB)

Income Statement

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
Revenue          
Revenue  1,058.1927.7913.2900.4848.6788.5731.6637.9
            Revenue growth  14.1%1.6%1.4%6.1%7.6%7.8%14.7%13.0%
Cost of revenue          
Cost of revenue  505.4443.2428.1418.4381.7361.9339.2 
    Gross profit  552.7484.5485.2482.0466.9426.6392.4333.3
            Gross margin  52.2%52.2%53.1%53.5%55.0%54.1%53.6%52.2%
   
Operating expenses          
Sales, marketing and customer success  221.5186.3209.8224.2192.8169.6150.2123.6
Research and development  156.9124.6100.1106.298.889.989.984.6
General and administrative  199.9146.3134.9113.4106.494.981.376.1
Amortization  2.92.22.95.34.83.32.82.2
    Total operating expenses  581.2459.6447.9454.9407.4358.4324.2286.6
    Income (loss) from operations  -28.524.937.227.159.468.268.246.7
            Operating margin  -2.7%2.7%4.1%3.0%7.0%8.6%9.3%7.3%
Interest expense  -35.8-18.0-17.3-20.6-15.9-12.1-10.6-8.1
Other income, net  8.70.21.74.11.12.30.3 
Income tax benefit  -10.21.413.9-1.3-0.2-15.311.911.3
    Net income (loss)  -45.45.77.711.944.873.645.425.6
   
Earnings (loss) per share          
Basic earnings per share  ($0.88)$0.12$0.16$0.25$0.95$1.58$0.98$0.56
Diluted earnings per share  ($0.88)$0.12$0.16$0.25$0.93$1.54$0.96$0.55
   
Common shares and equivalents outstanding          
Basic weighted average shares  51.647.448.247.747.246.746.145.6
Diluted weighted average shares outstanding  51.648.248.748.348.047.847.346.5
   
Other comprehensive income (loss)          
Foreign currency translation adjustment  -16.20.74.62.6-5.2-0.80.20.1
Unrealized gain (loss) on derivative instruments, net of tax  18.68.4-1.8     
    Total other comprehensive income (loss)  2.49.02.8-0.2-4.60.00.20.2
    Comprehensive income (loss)  -43.014.710.511.740.273.645.725.9

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