
Blackbaud Inc
NASDAQ:BLKB

Income Statement
Earnings Waterfall
Blackbaud Inc
Revenue
|
1.2B
USD
|
Cost of Revenue
|
-516.3m
USD
|
Gross Profit
|
639.2m
USD
|
Operating Expenses
|
-504.3m
USD
|
Operating Income
|
134.9m
USD
|
Other Expenses
|
-418m
USD
|
Net Income
|
-283.2m
USD
|
Income Statement
Blackbaud Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
564
N/A
|
584
+3%
|
601
+3%
|
615
+2%
|
638
+4%
|
660
+4%
|
684
+4%
|
709
+4%
|
732
+3%
|
747
+2%
|
758
+2%
|
769
+1%
|
789
+2%
|
808
+2%
|
830
+3%
|
845
+2%
|
849
+0%
|
860
+1%
|
872
+1%
|
884
+1%
|
900
+2%
|
908
+1%
|
915
+1%
|
908
-1%
|
913
+1%
|
909
0%
|
906
0%
|
922
+2%
|
928
+1%
|
966
+4%
|
1 001
+4%
|
1 031
+3%
|
1 058
+3%
|
1 063
+0%
|
1 069
+1%
|
1 085
+2%
|
1 105
+2%
|
1 123
+2%
|
1 139
+1%
|
1 148
+1%
|
1 155
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(273)
|
(282)
|
(291)
|
(297)
|
(305)
|
(313)
|
(323)
|
(332)
|
(339)
|
(345)
|
(348)
|
(352)
|
(362)
|
(364)
|
(373)
|
(381)
|
(382)
|
(393)
|
(399)
|
(405)
|
(418)
|
(424)
|
(428)
|
(425)
|
(428)
|
(427)
|
(430)
|
(439)
|
(443)
|
(463)
|
(481)
|
(494)
|
(505)
|
(505)
|
(501)
|
(502)
|
(502)
|
(505)
|
(509)
|
(514)
|
(516)
|
|
Gross Profit |
291
N/A
|
302
+4%
|
310
+3%
|
318
+3%
|
333
+5%
|
348
+4%
|
361
+4%
|
376
+4%
|
392
+4%
|
402
+2%
|
410
+2%
|
418
+2%
|
427
+2%
|
443
+4%
|
457
+3%
|
464
+2%
|
467
+1%
|
467
+0%
|
474
+1%
|
479
+1%
|
482
+1%
|
484
+0%
|
487
+0%
|
484
-1%
|
485
+0%
|
482
-1%
|
477
-1%
|
484
+2%
|
485
+0%
|
503
+4%
|
520
+4%
|
537
+3%
|
553
+3%
|
558
+1%
|
568
+2%
|
583
+3%
|
603
+3%
|
618
+2%
|
631
+2%
|
634
+1%
|
639
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(245)
|
(257)
|
(267)
|
(274)
|
(287)
|
(298)
|
(313)
|
(328)
|
(324)
|
(337)
|
(342)
|
(345)
|
(358)
|
(369)
|
(384)
|
(395)
|
(403)
|
(417)
|
(425)
|
(436)
|
(449)
|
(447)
|
(444)
|
(436)
|
(444)
|
(442)
|
(443)
|
(452)
|
(456)
|
(486)
|
(515)
|
(551)
|
(578)
|
(590)
|
(600)
|
(586)
|
(552)
|
(552)
|
(523)
|
(505)
|
(504)
|
|
Selling, General & Administrative |
(166)
|
(173)
|
(181)
|
(188)
|
(200)
|
(210)
|
(222)
|
(235)
|
(232)
|
(245)
|
(250)
|
(253)
|
(264)
|
(272)
|
(285)
|
(292)
|
(299)
|
(311)
|
(318)
|
(328)
|
(338)
|
(340)
|
(338)
|
(333)
|
(341)
|
(335)
|
(331)
|
(331)
|
(329)
|
(349)
|
(369)
|
(396)
|
(418)
|
(427)
|
(441)
|
(430)
|
(395)
|
(388)
|
(356)
|
(336)
|
(340)
|
|
Research & Development |
(77)
|
(82)
|
(84)
|
(85)
|
(85)
|
(86)
|
(89)
|
(91)
|
(90)
|
(90)
|
(90)
|
(90)
|
(90)
|
(93)
|
(96)
|
(98)
|
(99)
|
(101)
|
(102)
|
(104)
|
(106)
|
(103)
|
(102)
|
(99)
|
(100)
|
(104)
|
(110)
|
(119)
|
(125)
|
(135)
|
(144)
|
(152)
|
(157)
|
(158)
|
(155)
|
(153)
|
(153)
|
(156)
|
(158)
|
(160)
|
(161)
|
|
Depreciation & Amortization |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(6)
|
(6)
|
(6)
|
0
|
|
Operating Income |
46
N/A
|
45
-3%
|
44
-3%
|
44
+1%
|
47
+6%
|
49
+6%
|
48
-2%
|
48
-1%
|
68
+42%
|
64
-6%
|
67
+5%
|
72
+7%
|
69
-5%
|
74
+8%
|
73
-2%
|
69
-5%
|
64
-8%
|
50
-22%
|
49
-2%
|
42
-13%
|
33
-22%
|
37
+13%
|
43
+15%
|
48
+11%
|
41
-13%
|
40
-4%
|
33
-17%
|
32
-4%
|
29
-10%
|
16
-44%
|
5
-69%
|
(14)
N/A
|
(26)
-83%
|
(32)
-27%
|
(32)
+1%
|
(3)
+90%
|
51
N/A
|
65
+27%
|
107
+64%
|
129
+20%
|
135
+5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(7)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(12)
|
(14)
|
(15)
|
(14)
|
(18)
|
(19)
|
(20)
|
(18)
|
(19)
|
(17)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(18)
|
(20)
|
(22)
|
(24)
|
(29)
|
(32)
|
(35)
|
(34)
|
(31)
|
(29)
|
(33)
|
(41)
|
(45)
|
|
Non-Reccuring Items |
(0)
|
0
|
(2)
|
(2)
|
0
|
0
|
2
|
2
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(2)
|
(5)
|
(4)
|
(5)
|
(6)
|
(3)
|
(4)
|
(6)
|
(4)
|
(3)
|
(6)
|
(4)
|
(4)
|
(4)
|
(2)
|
(4)
|
(4)
|
(6)
|
(6)
|
(3)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(405)
|
|
Total Other Income |
(0)
|
(0)
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(3)
|
(1)
|
(0)
|
0
|
1
|
1
|
1
|
1
|
1
|
(1)
|
1
|
3
|
5
|
1
|
4
|
3
|
0
|
0
|
(2)
|
(2)
|
(1)
|
(0)
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
4
|
4
|
4
|
4
|
4
|
|
Pre-Tax Income |
39
N/A
|
39
-2%
|
35
-9%
|
35
N/A
|
37
+5%
|
39
+5%
|
38
-1%
|
37
-4%
|
57
+56%
|
54
-5%
|
58
+6%
|
63
+9%
|
58
-7%
|
61
+5%
|
55
-11%
|
50
-8%
|
45
-11%
|
27
-39%
|
30
+9%
|
23
-22%
|
11
-55%
|
19
+77%
|
25
+34%
|
27
+7%
|
22
-20%
|
17
-23%
|
9
-47%
|
11
+24%
|
7
-35%
|
(6)
N/A
|
(20)
-242%
|
(41)
-102%
|
(56)
-36%
|
(62)
-11%
|
(64)
-4%
|
(34)
+47%
|
18
N/A
|
40
+127%
|
78
+94%
|
92
+19%
|
(312)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(11)
|
(10)
|
(9)
|
(11)
|
(11)
|
(11)
|
(9)
|
(6)
|
(12)
|
(6)
|
(7)
|
(8)
|
(5)
|
(3)
|
(1)
|
2
|
0
|
(2)
|
(3)
|
(4)
|
1
|
(1)
|
(3)
|
(4)
|
(14)
|
(14)
|
(11)
|
(12)
|
(1)
|
2
|
6
|
10
|
10
|
12
|
20
|
9
|
(16)
|
(18)
|
(36)
|
(39)
|
28
|
|
Income from Continuing Operations |
28
|
29
|
27
|
24
|
26
|
28
|
30
|
31
|
45
|
48
|
50
|
54
|
54
|
58
|
54
|
52
|
45
|
26
|
27
|
20
|
12
|
18
|
22
|
23
|
8
|
3
|
(2)
|
(1)
|
6
|
(5)
|
(15)
|
(31)
|
(45)
|
(50)
|
(44)
|
(25)
|
2
|
22
|
41
|
53
|
(283)
|
|
Net Income (Common) |
28
N/A
|
29
+2%
|
27
-8%
|
24
-9%
|
26
+7%
|
28
+7%
|
30
+8%
|
31
+3%
|
45
+48%
|
48
+7%
|
50
+4%
|
54
+8%
|
74
+36%
|
78
+6%
|
74
-6%
|
72
-2%
|
45
-38%
|
26
-42%
|
27
+2%
|
20
-25%
|
12
-40%
|
18
+48%
|
22
+27%
|
23
+1%
|
8
-66%
|
3
-62%
|
(2)
N/A
|
(1)
+59%
|
6
N/A
|
(5)
N/A
|
(15)
-220%
|
(31)
-112%
|
(45)
-46%
|
(50)
-9%
|
(44)
+11%
|
(25)
+44%
|
2
N/A
|
22
+1 095%
|
41
+91%
|
53
+28%
|
(283)
N/A
|
|
EPS (Diluted) |
0.61
N/A
|
0.62
+2%
|
0.57
-8%
|
0.51
-11%
|
0.55
+8%
|
0.59
+7%
|
0.63
+7%
|
0.65
+3%
|
0.96
+48%
|
1.02
+6%
|
1.03
+1%
|
1.14
+11%
|
1.53
+34%
|
1.66
+8%
|
1.53
-8%
|
1.49
-3%
|
0.93
-38%
|
0.54
-42%
|
0.55
+2%
|
0.41
-25%
|
0.25
-39%
|
0.37
+48%
|
0.46
+24%
|
0.47
+2%
|
0.16
-66%
|
0.06
-63%
|
-0.04
N/A
|
-0.01
+75%
|
0.12
N/A
|
-0.08
N/A
|
-0.29
-263%
|
-0.62
-114%
|
-0.88
-42%
|
-0.96
-9%
|
-0.82
+15%
|
-0.48
+41%
|
0.03
N/A
|
0.4
+1 233%
|
0.78
+95%
|
1.01
+29%
|
-5.6
N/A
|