UBIQUITI INC. filed this 10-K on 08/25/23
UBIQUITI INC. - 10-K - 20230825 - INCOME_STATEMENT
UBIQUITI INC.
Consolidated Statements of Operations and Comprehensive Income
(In thousands, except per share amounts)
 
Year ended June 30,
202320222021
Revenues$1,940,512 $1,691,692 $1,898,094 
Cost of revenues1,179,781 1,021,880 985,818 
Gross profit760,731 669,812 912,276 
Operating expenses:
Research and development145,172 137,689 116,171 
Sales, general and administrative70,993 69,859 53,513 
Total operating expenses216,165 207,548 169,684 
Income from operations544,566 462,264 742,592 
Interest expense and other, net(58,224)(17,815)(14,938)
Income before income taxes486,342 444,449 727,654 
Provision for income taxes78,701 65,792 111,070 
Net income$407,641 $378,657 $616,584 
Net income per share of common stock:
Basic$6.75 $6.14 $9.79 
Diluted$6.74 $6.13 $9.78 
Weighted average shares used in computing net income per share of common stock:
Basic60,435 61,689 62,991 
Diluted60,451 61,723 63,052 
Other comprehensive income:
Unrealized losses on available-for-sale securities— (475)(8)
Other comprehensive loss— (475)(8)
Comprehensive income$407,641 $378,182 $616,576