UBIQUITI INC. filed this 10-K on 08/23/24
UBIQUITI INC. - 10-K - 20240823 - INCOME_STATEMENT
UBIQUITI INC.
Consolidated Statements of Operations and Comprehensive Income
(In thousands, except per share amounts)
 
Year ended June 30,
202420232022
Revenues$1,928,490 $1,940,512 $1,691,692 
Cost of revenues1,188,728 1,179,781 1,021,880 
Gross profit739,762 760,731 669,812 
Operating expenses:
Research and development159,768 145,172 137,689 
Sales, general and administrative80,997 70,993 69,859 
Total operating expenses240,765 216,165 207,548 
Income from operations498,997 544,566 462,264 
Interest expense and other, net75,169 58,224 17,815 
Income before income taxes423,828 486,342 444,449 
Provision for income taxes73,868 78,701 65,792 
Net income$349,960 $407,641 $378,657 
Net income per share of common stock:
Basic$5.79 $6.75 $6.14 
Diluted$5.79 $6.74 $6.13 
Weighted average shares used in computing net income per share of common stock:
Basic60,454 60,435 61,689 
Diluted60,458 60,451 61,723 
Other comprehensive income:
Unrealized losses on available-for-sale securities— — (475)
Other comprehensive loss— — (475)
Comprehensive income$349,960 $407,641 $378,182