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Income Statement
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Unity Software Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-K10-K
Revenues:  
    UNITED STATES  348.2266.8197.3151.4114.9
    Other  1,042.8843.7575.1390.4265.9
Revenues  1,391.01,110.5772.4541.8380.8
            Revenue growth   [+]25.3%43.8%42.6%42.3% 
Cost of goods sold  442.5253.6172.3118.681.3
Gross profit  948.5856.9600.1423.2299.5
            Gross margin  68.2%77.2%77.7%78.1%78.7%
Selling, general and administrative   [+]871.2692.9471.4317.9225.7
Research and development  959.5695.7403.5255.9204.1
EBITDA   [+]-670.6-467.1-231.8-119.6-109.8
            EBITDA margin  -48.2%-42.1%-30.0%-22.1%-28.8%
Depreciation  39.031.125.219.516.7
EBITA  -709.7-498.2-257.1-139.1-126.4
            EBITA margin  -51.0%-44.9%-33.3%-25.7%-33.2%
Amortization of intangibles  172.633.517.811.63.9
EBIT   [+]-882.2-531.7-274.8-150.7-130.3
            EBIT margin  -63.4%-47.9%-35.6%-27.8%-34.2%
Interest expense  7.41.11.5  
Other income (expense), net  7.21.6-3.9-2.6-2.3
Pre-tax income  -882.4-531.2-280.2-153.2-132.6
Income taxes  37.11.42.19.9-1.0
            Tax rate      0.8%
Minority interest  -1.3    
Net income  -918.2-532.6-282.3-163.2-131.6
            Net margin  -66.0%-48.0%-36.5%-30.1%-34.6%
   
Basic EPS   [+]($2.96)($1.89)($1.66)($1.43)($1.24)
Diluted EPS   [+]($2.96)($1.89)($1.66)($1.43)($1.24)
   
Shares outstanding (basic)   [+]310.5282.2170.0114.4106.0
Shares outstanding (diluted)   [+]310.5282.2170.0114.4106.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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