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N-able, 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
   8-K10-K10-K10-K8-K
Revenue:       
Subscription and other revenue  371.8346.5302.9263.5228.3
            Subscription and other revenue growth  7.3%14.4%14.9%15.4% 
Cost of revenue:       
Cost of revenue  56.146.738.933.330.9
Amortization of acquired technologies   13.523.823.2 
    Total cost of revenue   52.463.257.3 
    Gross profit  313.2294.0239.7206.2170.9
            Gross margin  84.2%84.9%79.1%78.2%74.9%
   
Operating expenses:       
Sales and marketing  125.3112.782.070.362.3
Research and development  63.554.042.737.232.9
General and administrative  71.180.657.339.033.3
Amortization of acquired intangibles   13.523.823.2 
    Total operating expenses  265.8260.7205.9169.6152.2
    Operating income  47.433.333.836.618.8
            Operating margin  12.7%9.6%11.1%13.9%8.2%
   
Other expense:       
Interest expense, net  -18.9-20.5-28.1-33.8 
Other income, net  1.9-1.3-0.80.4 
    Total other expense  1.9-21.7-28.9-33.4 
    Income before income taxes   11.64.93.2 
Income tax expense  13.711.512.05.7-3.8
    Net income   0.1-7.2-2.5-13.7
   
Net income per share:       
Basic earnings per share (in dollars per share)  $0.09 ($0.05)($0.02) 
Diluted earnings per share (in dollars per share)  $0.09 ($0.05)($0.02) 
   
Weighted-average shares used to compute net income per share:       
Shares used in computation of basic earnings per share (in shares)  180.1167.5158.1158.1 
Shares used in computation of diluted earnings per share (in shares)  181.3168.7158.1158.1 

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