Avid Technology Inc
NASDAQ:AVID
Income Statement
Earnings Waterfall
Avid Technology Inc
Revenue
|
425.4m
USD
|
Cost of Revenue
|
-152.6m
USD
|
Gross Profit
|
272.8m
USD
|
Operating Expenses
|
-233.6m
USD
|
Operating Income
|
39.2m
USD
|
Other Expenses
|
-6.9m
USD
|
Net Income
|
32.3m
USD
|
Income Statement
Avid Technology Inc
Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
589
N/A
|
577
-2%
|
563
-2%
|
562
0%
|
546
-3%
|
549
+1%
|
530
-3%
|
515
-3%
|
500
-3%
|
495
-1%
|
506
+2%
|
530
+5%
|
554
+5%
|
535
-3%
|
512
-4%
|
473
-8%
|
441
-7%
|
427
-3%
|
419
-2%
|
413
-1%
|
409
-1%
|
408
0%
|
413
+1%
|
419
+1%
|
419
+0%
|
408
-3%
|
412
+1%
|
395
-4%
|
376
-5%
|
373
-1%
|
361
-3%
|
368
+2%
|
384
+4%
|
395
+3%
|
410
+4%
|
416
+2%
|
419
+1%
|
420
+0%
|
417
-1%
|
415
-1%
|
425
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(228)
|
(229)
|
(224)
|
(222)
|
(217)
|
(214)
|
(205)
|
(201)
|
(194)
|
(191)
|
(197)
|
(194)
|
(196)
|
(190)
|
(179)
|
(176)
|
(173)
|
(174)
|
(177)
|
(179)
|
(178)
|
(177)
|
(174)
|
(174)
|
(174)
|
(166)
|
(163)
|
(154)
|
(140)
|
(136)
|
(132)
|
(132)
|
(139)
|
(142)
|
(144)
|
(145)
|
(145)
|
(142)
|
(143)
|
(145)
|
(153)
|
|
Gross Profit |
360
N/A
|
348
-3%
|
340
-2%
|
341
+0%
|
328
-4%
|
335
+2%
|
326
-3%
|
314
-4%
|
306
-3%
|
304
-1%
|
308
+1%
|
336
+9%
|
358
+6%
|
345
-3%
|
333
-4%
|
296
-11%
|
268
-9%
|
253
-6%
|
242
-4%
|
234
-3%
|
231
-1%
|
231
+0%
|
239
+4%
|
245
+2%
|
245
+0%
|
242
-1%
|
249
+3%
|
241
-3%
|
236
-2%
|
236
+0%
|
228
-3%
|
237
+4%
|
245
+4%
|
253
+3%
|
266
+5%
|
271
+2%
|
274
+1%
|
278
+1%
|
274
-1%
|
270
-2%
|
273
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(290)
|
(299)
|
(310)
|
(310)
|
(312)
|
(309)
|
(307)
|
(303)
|
(300)
|
(299)
|
(295)
|
(295)
|
(291)
|
(279)
|
(256)
|
(244)
|
(235)
|
(230)
|
(230)
|
(227)
|
(225)
|
(221)
|
(220)
|
(220)
|
(216)
|
(212)
|
(216)
|
(215)
|
(204)
|
(199)
|
(192)
|
(188)
|
(196)
|
(208)
|
(218)
|
(222)
|
(224)
|
(223)
|
(220)
|
(225)
|
(234)
|
|
Selling, General & Administrative |
(193)
|
(203)
|
(212)
|
(213)
|
(217)
|
(215)
|
(215)
|
(211)
|
(206)
|
(202)
|
(197)
|
(199)
|
(195)
|
(189)
|
(172)
|
(163)
|
(158)
|
(158)
|
(160)
|
(160)
|
(159)
|
(155)
|
(157)
|
(155)
|
(152)
|
(150)
|
(153)
|
(153)
|
(144)
|
(141)
|
(135)
|
(131)
|
(136)
|
(144)
|
(153)
|
(155)
|
(157)
|
(156)
|
(153)
|
(156)
|
(160)
|
|
Research & Development |
(94)
|
(94)
|
(95)
|
(95)
|
(93)
|
(92)
|
(90)
|
(91)
|
(92)
|
(95)
|
(96)
|
(94)
|
(92)
|
(87)
|
(82)
|
(79)
|
(75)
|
(71)
|
(68)
|
(65)
|
(64)
|
(64)
|
(62)
|
(63)
|
(62)
|
(61)
|
(62)
|
(62)
|
(59)
|
(58)
|
(57)
|
(57)
|
(60)
|
(64)
|
(66)
|
(67)
|
(67)
|
(67)
|
(67)
|
(70)
|
(74)
|
|
Depreciation & Amortization |
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
71
N/A
|
49
-30%
|
30
-39%
|
31
+2%
|
16
-48%
|
26
+66%
|
19
-30%
|
11
-40%
|
6
-48%
|
5
-12%
|
13
+161%
|
41
+206%
|
67
+65%
|
66
-1%
|
77
+16%
|
53
-32%
|
34
-36%
|
23
-32%
|
12
-47%
|
8
-36%
|
6
-20%
|
10
+65%
|
19
+81%
|
25
+34%
|
29
+16%
|
31
+5%
|
33
+7%
|
26
-20%
|
32
+22%
|
37
+16%
|
37
-2%
|
48
+32%
|
49
+2%
|
45
-9%
|
47
+6%
|
49
+4%
|
50
+3%
|
55
+9%
|
54
-1%
|
45
-18%
|
39
-12%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(4)
|
(6)
|
(10)
|
(14)
|
(16)
|
(19)
|
(20)
|
(19)
|
(19)
|
(19)
|
(19)
|
(22)
|
(23)
|
(23)
|
(23)
|
(27)
|
(27)
|
(27)
|
(27)
|
(22)
|
(21)
|
(20)
|
(20)
|
(16)
|
(13)
|
(7)
|
(6)
|
(7)
|
(8)
|
(9)
|
(12)
|
(14)
|
|
Non-Reccuring Items |
(12)
|
(3)
|
(5)
|
(5)
|
(3)
|
(2)
|
0
|
0
|
(1)
|
(1)
|
(6)
|
(9)
|
(8)
|
(14)
|
(13)
|
(11)
|
(17)
|
(12)
|
(7)
|
(9)
|
(3)
|
(4)
|
(5)
|
(3)
|
(5)
|
(5)
|
(4)
|
(3)
|
(1)
|
(1)
|
(5)
|
(6)
|
(6)
|
3
|
7
|
8
|
7
|
(1)
|
(1)
|
(0)
|
(6)
|
|
Total Other Income |
(1)
|
(1)
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
1
|
1
|
1
|
|
Pre-Tax Income |
56
N/A
|
44
-22%
|
24
-45%
|
25
+2%
|
12
-51%
|
23
+93%
|
17
-27%
|
8
-53%
|
1
-86%
|
(2)
N/A
|
1
N/A
|
22
+3 533%
|
45
+107%
|
37
-18%
|
45
+22%
|
22
-51%
|
(2)
N/A
|
(7)
-253%
|
(13)
-100%
|
(20)
-51%
|
(19)
+9%
|
(16)
+12%
|
(9)
+42%
|
(1)
+95%
|
(3)
-460%
|
(1)
+57%
|
3
N/A
|
(3)
N/A
|
10
N/A
|
16
+59%
|
12
-21%
|
23
+86%
|
28
+21%
|
35
+25%
|
44
+26%
|
51
+16%
|
52
+1%
|
47
-9%
|
45
-4%
|
34
-26%
|
21
-38%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
4
|
3
|
2
|
2
|
(4)
|
2
|
3
|
3
|
3
|
(1)
|
(130)
|
(130)
|
(129)
|
(131)
|
(1)
|
(1)
|
(1)
|
(1)
|
5
|
5
|
5
|
4
|
(1)
|
(2)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(2)
|
10
|
11
|
12
|
|
Income from Continuing Operations |
53
|
41
|
21
|
22
|
9
|
21
|
15
|
6
|
5
|
2
|
3
|
24
|
41
|
39
|
48
|
25
|
2
|
(7)
|
(143)
|
(150)
|
(148)
|
(147)
|
(11)
|
(2)
|
(4)
|
(2)
|
8
|
2
|
15
|
19
|
11
|
21
|
27
|
33
|
41
|
48
|
48
|
45
|
55
|
44
|
32
|
|
Net Income (Common) |
137
N/A
|
87
-37%
|
21
-76%
|
22
+3%
|
9
-57%
|
21
+125%
|
15
-30%
|
6
-62%
|
5
-14%
|
2
-65%
|
3
+47%
|
24
+840%
|
41
+73%
|
39
-5%
|
48
+25%
|
25
-47%
|
2
-94%
|
(7)
N/A
|
(14)
-84%
|
(21)
-51%
|
(18)
+11%
|
(17)
+4%
|
(11)
+39%
|
(2)
+82%
|
(4)
-116%
|
(2)
+56%
|
8
N/A
|
2
-74%
|
15
+625%
|
19
+33%
|
11
-42%
|
21
+92%
|
27
+24%
|
33
+26%
|
41
+24%
|
48
+15%
|
48
+1%
|
45
-6%
|
55
+22%
|
44
-20%
|
32
-27%
|
|
EPS (Diluted) |
3.49
N/A
|
2.21
-37%
|
0.54
-76%
|
0.56
+4%
|
0.24
-57%
|
0.53
+121%
|
0.38
-28%
|
0.14
-63%
|
0.13
-7%
|
0.05
-62%
|
0.06
+20%
|
0.6
+900%
|
1.03
+72%
|
0.95
-8%
|
1.2
+26%
|
0.64
-47%
|
0.05
-92%
|
-0.18
N/A
|
-0.33
-83%
|
-0.49
-48%
|
-0.43
+12%
|
-0.41
+5%
|
-0.26
+37%
|
-0.05
+81%
|
-0.1
-100%
|
-0.05
+50%
|
0.17
N/A
|
0.04
-76%
|
0.32
+700%
|
0.43
+34%
|
0.25
-42%
|
0.47
+88%
|
0.58
+23%
|
0.72
+24%
|
0.89
+24%
|
1.03
+16%
|
1.05
+2%
|
1
-5%
|
1.23
+23%
|
1
-19%
|
0.73
-27%
|