Zendesk Inc Income Statement - Real Clear Investing - You World of Transparent Investing

Selected Year:

31-Dec
2020

Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Total Revenue	45,679	45,679	45,679	45,679	45,679	430,165	598,746	816,416	1,029,564	1,029,564	1,133,992

Selected Year:

31-Dec
2020

Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells

115.1%

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Cost of revenue	45,679	45,679	45,679	45,679	45,679	127,422	181,255	234,282	251,255	251,255	268,876
Gross profit	45,679	45,679	45,679	45,679	45,679	302,743	417,491	582,134	778,309	778,309	865,116
Sales and marketing	45,679	45,679	45,679	45,679	45,679	211,918	291,668	396,514	512,339	512,339	571,588
Research and development	45,679	45,679	45,679	45,679	45,679	115,291	160,260	207,548	255,400	255,400	284,536
General and administrative	45,679	45,679	45,679	45,679	45,679	81,680	103,491	141,076	166,469	166,469	228,168
Total operating expenses	45,679	45,679	45,679	45,679	45,679	$408,889	$555,419	$745,138	$934,208	$934,208	$1,084,292

Selected Year:

31-Dec
2020

Income after excluding Operating Expenses from Total Revenue

15.1%

Key metric that shows earnings potential of the company's business model

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Operating income	$45,679	$45,679	$45,679	$45,679	$45,679	($106,146)	($137,928)	($163,004)	($155,899)	($155,899)	($219,176)

Selected Year:

31-Dec
2020

Cost usually unrelated to delivering service or manufacturing a product that business sells

2.5%

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year:	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Other expense or income	-	-	45,679	45,679	-	(1,055)	(467)	848	-	-	-
Other expense net	45,679	45,679	-	-	45,679	(1,055)	(467)	-	-	-	-
Loss on early repayment of debt	-	-	-	-	-	-	-	-	(25,950)	(25,950)	-
Total non-operating income (expense)	45,679	45,679	45,679	45,679	45,679	(1,055)	(467)	848	(25,950)	(25,950)	-

Selected Year:

31-Dec
2020

Income after excluding Operating and Non-operating Expenses from Total Revenue

17.7%

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
EBIT	$45,679	$45,679	$45,679	$45,679	$45,679	($107,201)	($138,395)	($162,156)	($181,849)	($181,849)	($219,176)

Selected Year:

31-Dec
2020

Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure

3.5%

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Interest expense	-	-	-	-	45,679	-	(19,882)	(26,708)	(43,319)	(43,319)	(57,036)
Interest and other income or expenses	-	-	-	-	-	-	14,619	21,409	12,751	12,751	-
Interest income	-	-	-	-	45,679	3,542	15,086	20,561	-	-	-
Total other expense or income	-	-	-	-	45,679	2,487	(5,263)	(5,299)	(56,518)	(56,518)	(57,032)
Income before income taxes	45,679	45,679	45,679	45,679	45,679	(103,659)	(143,191)	(168,303)	(212,417)	(212,417)	(276,208)
Income tax expense or benefit	45,679	45,679	45,679	45,679	45,679	(1,518)	(12,107)	1,350	5,761	5,761	3,936

Selected Year:

31-Dec
2020

Ultimate measure of Income - Net result after excluding all expenses from Total Revenue

21.2%

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Net income (loss)	$45,679	$45,679	$45,679	$45,679	$45,679	($102,141)	($131,084)	($169,653)	($218,178)	($218,178)	($280,144)
Redeemable convertible preferred stock accretion	45,679	45,679	45,679	-	-	-	-	-	-	-	-
Net income (loss) attributable to common stock	45,679	45,679	45,679	-	-	-	-	-	-	-	-
Deemed dividend related to tender offer	45,679	-	-	-	-	-	-	-	-	-	-

Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective

	2012 31-Dec	2013 31-Dec	2015 31-Jan	2016 31-Jan	2017 31-Jan	2018 31-Jan	2019 31-Jan	2020 31-Jan	2021 11-Feb	2021 11-Feb	2021 11-Feb
Common	-	-	45,678,795	45,678,795	45,678,795	103,381,373	108,358,875	113,351,292	117,759,001	117,759,001	117,759,001

Selected Year:

31-Dec
2020

Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Net Income per basic share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	($1.02)	($1.24)	($1.53)	($1.89)	($1.89)	($2.40)
Net Income per diluted share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	($1.02)	($1.24)	($1.53)	($1.89)	($1.89)	($2.40)

Zendesk Inc

Short Description

Income Statement

Sales and marketing

Research and development

Cost of revenue

General and administrative

Operating Income

Loss on early repayment of debt

EBIT

Interest and other income or expenses

Income tax expense or benefit

Interest expense

Net income (loss)