Benefitfocus Inc
NASDAQ:BNFT
Income Statement
Earnings Waterfall
Benefitfocus Inc
Revenue
|
249.1m
USD
|
Cost of Revenue
|
-123.7m
USD
|
Gross Profit
|
125.4m
USD
|
Operating Expenses
|
-133.7m
USD
|
Operating Income
|
-8.3m
USD
|
Other Expenses
|
-16.5m
USD
|
Net Income
|
-24.8m
USD
|
Income Statement
Benefitfocus 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||
Revenue |
91
N/A
|
97
+6%
|
105
+8%
|
112
+7%
|
120
+7%
|
128
+7%
|
137
+8%
|
149
+9%
|
160
+7%
|
171
+7%
|
185
+8%
|
197
+7%
|
212
+8%
|
225
+6%
|
233
+4%
|
236
+1%
|
233
-1%
|
232
-1%
|
237
+2%
|
242
+2%
|
247
+2%
|
252
+2%
|
259
+3%
|
265
+2%
|
273
+3%
|
283
+4%
|
296
+4%
|
294
-1%
|
287
-2%
|
279
-3%
|
268
-4%
|
267
0%
|
266
0%
|
264
-1%
|
263
0%
|
259
-1%
|
255
-2%
|
249
-2%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(49)
|
(55)
|
(62)
|
(69)
|
(76)
|
(83)
|
(87)
|
(91)
|
(93)
|
(96)
|
(103)
|
(110)
|
(116)
|
(119)
|
(121)
|
(124)
|
(124)
|
(126)
|
(127)
|
(127)
|
(128)
|
(128)
|
(129)
|
(131)
|
(133)
|
(137)
|
(144)
|
(145)
|
(143)
|
(137)
|
(129)
|
(124)
|
(122)
|
(123)
|
(123)
|
(124)
|
(125)
|
(124)
|
|
Gross Profit |
42
N/A
|
42
N/A
|
42
+1%
|
42
+0%
|
44
+3%
|
44
+2%
|
50
+13%
|
59
+17%
|
66
+13%
|
75
+13%
|
82
+10%
|
88
+6%
|
97
+10%
|
106
+10%
|
113
+6%
|
113
0%
|
110
-2%
|
106
-4%
|
109
+3%
|
115
+5%
|
119
+4%
|
124
+4%
|
129
+5%
|
134
+3%
|
140
+4%
|
147
+5%
|
152
+3%
|
148
-2%
|
144
-3%
|
142
-2%
|
139
-2%
|
143
+3%
|
144
+1%
|
141
-2%
|
140
-1%
|
135
-4%
|
130
-4%
|
125
-3%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(59)
|
(64)
|
(71)
|
(77)
|
(87)
|
(99)
|
(109)
|
(118)
|
(125)
|
(130)
|
(137)
|
(141)
|
(143)
|
(144)
|
(145)
|
(146)
|
(145)
|
(145)
|
(147)
|
(151)
|
(156)
|
(158)
|
(169)
|
(172)
|
(176)
|
(182)
|
(176)
|
(170)
|
(156)
|
(146)
|
(136)
|
(130)
|
(133)
|
(136)
|
(138)
|
(137)
|
(137)
|
(134)
|
|
Selling, General & Administrative |
(42)
|
(44)
|
(47)
|
(50)
|
(55)
|
(62)
|
(67)
|
(74)
|
(77)
|
(81)
|
(84)
|
(85)
|
(86)
|
(87)
|
(88)
|
(91)
|
(90)
|
(91)
|
(93)
|
(97)
|
(102)
|
(106)
|
(117)
|
(119)
|
(121)
|
(123)
|
(117)
|
(112)
|
(103)
|
(95)
|
(87)
|
(81)
|
(85)
|
(88)
|
(90)
|
(89)
|
(89)
|
(84)
|
|
Research & Development |
(17)
|
(20)
|
(24)
|
(28)
|
(32)
|
(37)
|
(42)
|
(45)
|
(48)
|
(49)
|
(52)
|
(55)
|
(56)
|
(58)
|
(57)
|
(54)
|
(52)
|
(51)
|
(50)
|
(49)
|
(49)
|
(47)
|
(48)
|
(49)
|
(51)
|
(55)
|
(55)
|
(53)
|
(50)
|
(47)
|
(46)
|
(45)
|
(45)
|
(45)
|
(45)
|
(45)
|
(46)
|
(47)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
|
Operating Income |
(18)
N/A
|
(22)
-25%
|
(28)
-28%
|
(35)
-24%
|
(43)
-24%
|
(55)
-26%
|
(59)
-8%
|
(60)
-1%
|
(59)
+2%
|
(56)
+5%
|
(54)
+2%
|
(53)
+2%
|
(46)
+14%
|
(38)
+18%
|
(32)
+15%
|
(33)
-3%
|
(35)
-5%
|
(39)
-13%
|
(38)
+4%
|
(36)
+5%
|
(36)
-1%
|
(34)
+7%
|
(40)
-18%
|
(38)
+5%
|
(36)
+4%
|
(35)
+3%
|
(24)
+32%
|
(21)
+12%
|
(12)
+44%
|
(4)
+64%
|
3
N/A
|
13
+398%
|
11
-17%
|
6
-48%
|
3
-55%
|
(1)
N/A
|
(7)
-391%
|
(8)
-21%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(6)
|
(7)
|
(8)
|
(8)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(15)
|
(17)
|
(19)
|
(21)
|
(21)
|
(22)
|
(22)
|
(22)
|
(22)
|
(22)
|
(22)
|
(21)
|
(18)
|
(14)
|
(12)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(6)
|
(4)
|
(4)
|
(6)
|
(7)
|
(16)
|
(16)
|
(15)
|
(10)
|
(1)
|
|
Total Other Income |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Pre-Tax Income |
(20)
N/A
|
(24)
-23%
|
(30)
-26%
|
(37)
-22%
|
(46)
-23%
|
(58)
-26%
|
(63)
-9%
|
(65)
-4%
|
(65)
0%
|
(63)
+3%
|
(62)
+2%
|
(61)
+2%
|
(54)
+12%
|
(45)
+15%
|
(40)
+12%
|
(42)
-6%
|
(45)
-7%
|
(51)
-12%
|
(50)
+0%
|
(49)
+4%
|
(49)
-1%
|
(47)
+5%
|
(53)
-13%
|
(53)
-1%
|
(54)
-1%
|
(55)
-2%
|
(45)
+17%
|
(42)
+7%
|
(39)
+7%
|
(31)
+21%
|
(24)
+22%
|
(15)
+37%
|
(18)
-21%
|
(32)
-74%
|
(35)
-10%
|
(35)
-1%
|
(32)
+8%
|
(21)
+34%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
3
|
3
|
3
|
3
|
|
Income from Continuing Operations |
(20)
|
(24)
|
(30)
|
(37)
|
(46)
|
(58)
|
(63)
|
(65)
|
(66)
|
(63)
|
(62)
|
(61)
|
(54)
|
(45)
|
(40)
|
(42)
|
(45)
|
(51)
|
(50)
|
(49)
|
(49)
|
(47)
|
(53)
|
(53)
|
(54)
|
(55)
|
(46)
|
(42)
|
(39)
|
(31)
|
(24)
|
(15)
|
(18)
|
(32)
|
(32)
|
(32)
|
(29)
|
(18)
|
|
Net Income (Common) |
(20)
N/A
|
(24)
-22%
|
(30)
-26%
|
(37)
-22%
|
(46)
-23%
|
(58)
-26%
|
(63)
-9%
|
(65)
-4%
|
(66)
0%
|
(63)
+3%
|
(62)
+2%
|
(61)
+2%
|
(54)
+12%
|
(45)
+15%
|
(40)
+12%
|
(42)
-6%
|
(45)
-7%
|
(51)
-12%
|
(50)
+0%
|
(49)
+4%
|
(49)
-1%
|
(47)
+5%
|
(53)
-13%
|
(53)
-1%
|
(54)
-1%
|
(55)
-2%
|
(46)
+17%
|
(42)
+7%
|
(40)
+6%
|
(33)
+17%
|
(28)
+16%
|
(21)
+27%
|
(25)
-21%
|
(38)
-55%
|
(39)
0%
|
(39)
0%
|
(36)
+7%
|
(25)
+31%
|
|
EPS (Diluted) |
-0.44
N/A
|
-0.98
-123%
|
-1.24
-27%
|
-1.51
-22%
|
-1.81
-20%
|
-2.27
-25%
|
-2.47
-9%
|
-2.45
+1%
|
-2.29
+7%
|
-2.19
+4%
|
-2.13
+3%
|
-2.08
+2%
|
-1.82
+13%
|
-1.53
+16%
|
-1.33
+13%
|
-1.38
-4%
|
-1.45
-5%
|
-1.62
-12%
|
-1.61
+1%
|
-1.55
+4%
|
-1.54
+1%
|
-1.46
+5%
|
-1.65
-13%
|
-1.65
N/A
|
-1.65
N/A
|
-1.67
-1%
|
-1.39
+17%
|
-1.3
+6%
|
-1.24
+5%
|
-1.03
+17%
|
-0.87
+16%
|
-0.63
+28%
|
-0.75
-19%
|
-1.15
-53%
|
-1.15
N/A
|
-1.16
-1%
|
-1.05
+9%
|
-0.72
+31%
|