filings.toolsItem 6. Selected Consolidated Financial and Operating Data
4K characters. Original on sec.gov · Markdown
Item 6. Selected Consolidated Financial and Operating Data
Selected Consolidated Financial and Operating Data
(in thousands, except per share data)
The following table provides selected consolidated financial and other operating data for the five years ended December 31, 2016. The consolidated statements of operations data shown below for each of the three years ended December 31, 2014, 2015, and 2016 and the consolidated balance sheet data as of December 31, 2015 and 2016 are derived from audited consolidated financial statements that are included in this report. The consolidated statements of operations data for each of the years ended December 31, 2012 and 2013 and the consolidated balance sheet data as of December 31, 2012, 2013, and 2014 shown below are derived from audited consolidated financial statements for those years that are not included in this report. Information about prior period acquisitions that may affect the comparability of the selected financial information presented below is included in "Item 1. Business." The total assets and total long-term liabilities reported in the consolidated balance sheet data have been reclassified to conform to our current presentation as a result of the retrospective application of the authoritative guidance to simplify the presentation of debt issuance costs.
| Year Ended December 31, | |||||||||||||||||||
| Consolidated Statements of Operations Data: | 2012 | 2013 | 2014 | 2015 | 2016 | ||||||||||||||
| Revenues | $ | 349,936 | $ | 440,943 | $ | 575,936 | $ | 711,764 | $ | 837,630 | |||||||||
| Cost of revenues | 114,866 | 129,185 | 156,979 | 188,885 | 173,814 | ||||||||||||||
| Gross margin | 235,070 | 311,758 | 418,957 | 522,879 | 663,816 | ||||||||||||||
| Operating expenses | 207,630 | 257,604 | 338,079 | 511,424 | 518,911 | ||||||||||||||
| Income from operations | 27,440 | 54,154 | 80,878 | 11,455 | 144,905 | ||||||||||||||
| Interest and other income | 526 | 326 | 516 | 537 | 1,773 | ||||||||||||||
| Interest and other expense | (4,832 | ) | (6,943 | ) | (10,481 | ) | (9,411 | ) | (10,016 | ) | |||||||||
| Income before income taxes | 23,134 | 47,537 | 70,913 | 2,581 | 136,662 | ||||||||||||||
| Income tax expense, net | 13,219 | 17,803 | 26,044 | 6,046 | 51,591 | ||||||||||||||
| Net income (loss) | $ | 9,915 | $ | 29,734 | $ | 44,869 | $ | (3,465 | ) | $ | 85,071 | ||||||||
| Net income (loss) per share — basic | $ | 0.37 | $ | 1.07 | $ | 1.48 | $ | (0.11 | ) | $ | 2.64 | ||||||||
| Net income (loss) per share — diluted | $ | 0.37 | $ | 1.05 | $ | 1.46 | $ | (0.11 | ) | $ | 2.62 | ||||||||
| Weighted average shares outstanding — basic | 26,533 | 27,670 | 30,215 | 31,950 | 32,167 | ||||||||||||||
| Weighted average shares outstanding — diluted | 26,949 | 28,212 | 30,641 | 31,950 | 32,436 |
| As of December 31, | |||||||||||||||||||
| Consolidated Balance Sheet Data: | 2012 | 2013 | 2014 | 2015 | 2016 | ||||||||||||||
| Cash, cash equivalents and long-term investments | $ | 177,726 | $ | 277,943 | $ | 544,163 | $ | 437,325 | $ | 577,175 | |||||||||
| Working capital | 97,925 | 196,913 | 480,521 | 337,452 | 472,545 | ||||||||||||||
| Total assets | 1,155,583 | 1,250,440 | 2,070,483 | 2,079,571 | 2,185,063 | ||||||||||||||
| Total long-term liabilities | 230,536 | 213,674 | 440,982 | 400,510 | 375,904 | ||||||||||||||
| Stockholders’ equity | 826,343 | 927,862 | 1,513,546 | 1,543,780 | 1,654,213 |
Previous: Item 5. Market for the Registrant’s Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities · Next: Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations