MIME 2017 Annual Report

34 The selected consolidated financial data in this section are not intended to replace the consolidated financial statements and are qualified in their entirety by the consolidated financial statements and related notes included elsewhere in this Annual Report on Form 10-K. Year Ended March 31, 2018 2017 2016 2015 2014 (in thousands, except per share data) Consolidated Statements of Operations Data: Revenue $ 261,897 $ 186,563 $ 141,841 $ 116,085 $ 88,315 Cost of revenue (1) 69,699 50,314 41,809 36,821 28,673 Gross profit 192,198 136,249 100,032 79,264 59,642 Operating expenses Research and development (1) 38,373 22,593 17,663 14,461 12,844 Sales and marketing (1) 121,246 96,154 65,187 51,224 46,971 General and administrative (1) 36,989 27,875 19,756 15,806 11,187 Impairment of long-lived assets 1,712 — — — — Restructuring 832 — — 1,203 — Total operating expenses 199,152 146,622 102,606 82,694 71,002 Loss from operations (6,954) (10,373) (2,574) (3,430) (11,360) Other income (expense) Interest income 1,310 510 74 62 86 Interest expense (598) (268) (690) (703) (542) Foreign exchange (expense) income (3,511) 6,892 811 4,508 (5,055) Other income, net 72 — — — — Total other income (expense), net (2,727) 7,134 195 3,867 (5,511) (Loss) income before income taxes (9,681) (3,239) (2,379) 437 (16,871) Provision for income taxes 2,705 2,202 865 152 19 Net (loss) income $ (12,386) $ (5,441) $ (3,244) $ 285 $ (16,890) Net (loss) income per share applicable to ordinary shareholders: (2) Basic $ (0.22) $ (0.10) $ (0.08) $ 0.01 $ (0.53) Diluted $ (0.22) $ (0.10) $ (0.08) $ 0.01 $ (0.53) Weighted-average number of ordinary shares used in computing net (loss) income per share applicable to ordinary shareholders: Basic 57,269 54,810 40,826 32,354 31,719 Diluted 57,269 54,810 40,826 36,075 31,719 As of March 31, 2018 2017 2016 2015 2014 (in thousands) Consolidated Balance Sheet Data: Cash, cash equivalents and investments $ 137,210 $ 111,666 $ 106,140 $ 32,890 $ 19,158 Property and equipment, net 123,822 32,009 24,806 23,159 24,974 Total assets 358,398 205,352 175,127 88,829 75,783 Debt and capital lease obligations, current and long-term 3,515 2,203 6,891 12,364 9,092 Deferred revenue, current and long-term 141,102 95,348 70,040 53,308 46,131 Convertible preferred shares — — — 59,305 59,305 Total shareholders' equity (deficit) 101,692 81,992 78,074 (53,851) (56,750)