Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i wanna find common-size and pro forma statements of income statement of this table for 2018 and 2019 Year ended December 31, 2018 2019 (in

i wanna find common-size and pro forma statements of income statement of this table for 2018 and 2019

Year ended December 31,
2018 2019
(in thousands except share and per share data)
Consolidated
Statements of
Operations:
Revenues:
License $192,514 $237,879
Maintenance and
professional
services 150,685 196,016
Total revenues 343,199 433,895
Cost of revenues:
License 10,526 10,569
Maintenance and
professional
services 37,935 52,046
Total cost of
revenues(2) 48,461 62,615
Gross profit 294,738 371,280
Operating
expenses:
Research and
development(2) 57,112 72,520
Sales and
marketing(2) 148,290 184,168
General and
administrative(2) 42,044 52,308
Total operating
expenses 247,446 308,996
Operating income 47,292 62,284
Financial income
(expenses), net 4,551 7,800
Income before
taxes on income 51,843 70,084
Taxes on income -4,771 -7,020
Net income $47,072 $63,064

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: Harvey Rosen, Robert Guell, Ted Gayer

9th Edition

0073511358, 9780073511351

More Books

Students also viewed these Finance questions