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

Selected Quarter:

31-Jan
2021

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

100%

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Subscription revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	50,321	58,315	64,355	71,067	77,163	83,622	90,890	101,107	352,782	404,428
Professional services revenue	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	5,873	6,329	7,170	7,452	8,324	7,600	8,043	8,764	32,731	35,056
Total Revenue	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$56,194	$64,644	$71,525	$78,519	$85,487	$91,222	$98,933	$109,871	$385,513	$439,484

Selected Quarter:

31-Jan
2021

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

126.4%

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Cost of subscription revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	6,201	7,982	8,867	9,657	11,781	12,696	17,417	17,480	59,374	69,920
Costs of professional services	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	4,284	4,683	5,231	5,995	6,660	6,322	6,313	6,870	26,165	27,480
Total cost of revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	$10,485	$12,665	$14,098	$15,652	$18,441	$19,018	$23,730	$24,350	$85,539	$97,400
Gross profit	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,709	51,979	57,427	62,867	67,046	72,204	75,203	85,521	299,974	342,084
Sales and marketing	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	35,413	39,260	50,896	50,491	54,783	53,779	59,197	62,522	230,281	250,088
Research and development	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	20,238	22,210	25,049	27,973	25,991	28,089	32,369	32,273	118,722	129,092
General and administrative	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	10,939	11,457	13,330	14,499	15,096	17,046	19,530	19,771	71,443	79,084
Total operating expenses	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	$66,590	$72,927	$89,275	$92,963	$95,870	$98,914	$111,096	$114,566	$420,446	$458,264

Selected Quarter:

31-Jan
2021

Income after excluding Operating Expenses from Total Revenue

26.4%

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

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Operating income	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($20,881)	($20,948)	($31,848)	($30,096)	($28,824)	($26,710)	($35,893)	($29,045)	($120,472)	($116,180)

Selected Quarter:

31-Jan
2021

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

0.4%

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter:	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Other expense or income	-	-	-	-	-	45,679	45,679	45,679	(112)	(319)	187	(219)	(214)	134	(25)	401	296	1,604
Total non-operating income (expense)	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(112)	(319)	187	(219)	(214)	134	(25)	401	296	1,604

Selected Quarter:

31-Jan
2021

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

26.1%

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

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
EBIT	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($20,993)	($21,267)	($31,661)	($30,315)	($29,038)	($26,576)	($35,918)	($28,644)	($120,176)	($114,576)

Selected Quarter:

31-Jan
2021

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

0.0%

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Interest and other income or expenses	45,679	45,679	45,679	-	45,679	-	-	-	1,037	-	-	-	-	-	-	-	-	-
Interest income	-	-	-	-	-	45,679	45,679	45,679	1,149	2,114	2,810	2,337	1,327	92	14	11	1,444	44
Income before income taxes	-	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(19,844)	(19,153)	(28,851)	(27,978)	(27,711)	(26,484)	(35,904)	(28,633)	(118,732)	(114,532)
Income tax expense or benefit	-	45,679	45,679	-	45,679	45,679	45,679	45,679	(35)	(39)	5	182	73	75	(3,933)	32	(3,753)	128

Selected Quarter:

31-Jan
2021

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

26.1%

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

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
Net income (loss)	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($19,809)	($19,114)	($28,856)	($28,160)	($27,784)	($26,559)	($31,971)	($28,665)	($114,979)	($114,660)
Deemed dividend	-	45,679	45,679	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common stock	-	45,679	45,679	45,679	-	-	-	45,679	-	-	-	(28,160)	-	-	-	-	-	-

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

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 08-Jun	2018 07-Sep	2018 07-Dec	2019 22-Mar	2019 31-May	2019 31-Aug	2019 30-Nov	2020 20-Mar	2020 01-Jun	2020 31-Aug	2020 30-Nov	2021 19-Mar	2021 19-Mar	2021 19-Mar
Class A	-	-	-	-	-	-	-	-	74,527,425	90,933,466	117,477,938	-	119,750,978	120,609,808	122,247,914	-	-	-
Class B	-	-	-	-	-	-	-	-	32,037,234	25,641,106	-	-	-	-	-	-	-	-
Common	-	-	-	-	45,678,795	45,678,795	45,678,795	45,678,795	-	-	-	118,833,426	-	-	-	124,084,149	124,084,149	124,084,149

Selected Quarter:

31-Jan
2021

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

	2017 30-Apr	2017 31-Jul	2017 31-Oct	2018 31-Jan	2018 30-Apr	2018 31-Jul	2018 31-Oct	2019 31-Jan	2019 30-Apr	2019 31-Jul	2019 31-Oct	2020 31-Jan	2020 30-Apr	2020 31-Jul	2020 31-Oct	Selected Quarter: 2021 31-Jan	Last Twelve Months LTM 2021 31-Jan	Last Quarter Annualized LQA 2021 31-Jan
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	$45,678,795.00	$45,678,795.00	$45,678,795.00	($0.19)	($0.17)	($0.25)	($0.24)	($0.23)	($0.22)	($0.26)	($0.23)	($0.95)	($0.92)
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	$45,678,795.00	$45,678,795.00	$45,678,795.00	($0.19)	($0.17)	($0.25)	($0.24)	($0.23)	($0.22)	($0.26)	($0.23)	($0.95)	($0.92)

Smartsheet Inc

Short Description

Income Statement

Subscription revenue

Professional services revenue

Sales and marketing

Research and development

General and administrative

Cost of subscription revenue

Costs of professional services

Operating Income

Other expense or income

EBIT

Interest income

Income tax expense or benefit

Net income (loss)