$MSTR
MICROSTRATEGY Inc

2019 Q2 Form 10-Q Financial Statement

#000156459019026999 Filed on July 30, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $117.7M $120.6M
YoY Change -2.38% 1.16%
Cost Of Revenue $25.35M $25.04M
YoY Change 1.24% 2.73%
Gross Profit $92.39M $95.56M
YoY Change -3.32% 0.76%
Gross Profit Margin 78.47% 79.24%
Selling, General & Admin $69.45M $72.28M
YoY Change -3.91% 18.48%
% of Gross Profit 75.18% 75.63%
Research & Development $27.76M $25.08M
YoY Change 10.69% 28.22%
% of Gross Profit 30.05% 26.25%
Depreciation & Amortization $4.000M $600.0K
YoY Change 566.67% -85.0%
% of Gross Profit 4.33% 0.63%
Operating Expenses $97.22M $97.36M
YoY Change -0.15% 20.85%
Operating Profit -$4.830M -$1.797M
YoY Change 168.78% -111.47%
Interest Expense $3.013M $3.223M
YoY Change -6.52% 177.13%
% of Operating Profit
Other Income/Expense, Net $29.43M $4.461M
YoY Change 559.74% -270.4%
Pretax Income $27.61M $5.887M
YoY Change 369.07% -58.59%
Income Tax $7.220M $1.059M
% Of Pretax Income 26.15% 17.99%
Net Earnings $20.39M $4.828M
YoY Change 322.41% -51.49%
Net Earnings / Revenue 17.32% 4.0%
Basic Earnings Per Share $1.99 $0.42
Diluted Earnings Per Share $1.98 $0.42
COMMON SHARES
Basic Shares Outstanding 10.24M 11.46M
Diluted Shares Outstanding 10.31M 11.49M

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $574.8M $699.6M
YoY Change -17.84% 10.63%
Cash & Equivalents $261.5M $91.39M
Short-Term Investments $313.3M $609.2M
Other Short-Term Assets $23.30M $28.90M
YoY Change -19.38% 95.27%
Inventory
Prepaid Expenses
Receivables $129.1M $125.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $727.3M $853.5M
YoY Change -14.79% 19.34%
LONG-TERM ASSETS
Property, Plant & Equipment $54.29M $51.90M
YoY Change 4.6% -4.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.50M $21.90M
YoY Change 30.14% 0.0%
Total Long-Term Assets $172.4M $73.80M
YoY Change 133.65% -9.91%
TOTAL ASSETS
Total Short-Term Assets $727.3M $853.5M
Total Long-Term Assets $172.4M $73.80M
Total Assets $899.7M $927.3M
YoY Change -2.97% 16.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.00M $22.70M
YoY Change 1.32% -4.22%
Accrued Expenses $50.80M $38.60M
YoY Change 31.61% 10.92%
Deferred Revenue $176.8M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $250.6M $236.6M
YoY Change 5.94% 30.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $33.99M $70.30M
YoY Change -51.65% 374.68%
Total Long-Term Liabilities $33.99M $70.30M
YoY Change -51.65% 374.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $250.6M $236.6M
Total Long-Term Liabilities $33.99M $70.30M
Total Liabilities $397.0M $307.0M
YoY Change 29.33% 48.02%
SHAREHOLDERS EQUITY
Retained Earnings $561.6M
YoY Change
Common Stock $584.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $634.4M $475.2M
YoY Change 33.51% 0.0%
Treasury Stock Shares $7.648M
Shareholders Equity $502.7M $620.4M
YoY Change
Total Liabilities & Shareholders Equity $899.7M $927.3M
YoY Change -2.97% 16.33%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $20.39M $4.828M
YoY Change 322.41% -51.49%
Depreciation, Depletion And Amortization $4.000M $600.0K
YoY Change 566.67% -85.0%
Cash From Operating Activities $22.70M $4.600M
YoY Change 393.48% -56.6%
INVESTING ACTIVITIES
Capital Expenditures -$2.400M -$1.300M
YoY Change 84.62% 85.71%
Acquisitions
YoY Change
Other Investing Activities -$18.90M -$63.10M
YoY Change -70.05% -930.26%
Cash From Investing Activities -$21.40M -$64.40M
YoY Change -66.77% -1033.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 300.0K 2.500M
YoY Change -88.0% 316.67%
NET CHANGE
Cash From Operating Activities 22.70M 4.600M
Cash From Investing Activities -21.40M -64.40M
Cash From Financing Activities 300.0K 2.500M
Net Change In Cash 1.600M -57.30M
YoY Change -102.79% -416.57%
FREE CASH FLOW
Cash From Operating Activities $22.70M $4.600M
Capital Expenditures -$2.400M -$1.300M
Free Cash Flow $25.10M $5.900M
YoY Change 325.42% -47.79%

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