8x8 2013 Annual Report Download - page 45
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43
8X8, INC.
CONSOLIDATED STATEMENTS OF INCOME
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
2013 2012 2011
Service revenue $ 98,212 $ 78,382 $ 64,998
Product revenue 9,402 7,421 5,165
Total revenue 107,614 85,803 70,163
Operating expenses:
Cost of service revenue 22,201 18,065 14,508
Cost of product revenue 11,801 9,822 8,115
Research and development 8,147 6,745 4,819
Sales and marketing 46,244 37,980 31,744
General and administrative 8,619 6,012 4,733
Gain on patent sale (12,965) - -
Total operating expenses 84,047 78,624 63,919
Income from operations 23,567 7,179 6,244
Other income (loss), net 105 (305) 138
Income on change in fair value of warrant liability - - 167
Income before provision (benefit) for income taxes 23,672 6,874 6,549
Provision (benefit) for income taxes 9,733 (62,354) 55
Net income $ 13,939 $ 69,228 $ 6,494
Net income per share:
Basic $ 0.20 $ 1.04 $ 0.10
Diluted $ 0.19 $ 0.99 $ 0.10
Weighted average number of shares:
Basic 71,390 66,413 63,087
Diluted 74,700 70,149 65,873
Years Ended March 31,
The accompanying notes are an integral part of these consolidated financial statements.