Palantir Technologies Inc. (PLTR) Financial Statements (2024 and earlier)

Company Profile

Business Address 1200 17TH STREET
DENVER, CO 80202
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6342,5252,011
Cash and cash equivalents2,5992,2912,011
Short-term investments35234 
Restricted cash and investments 163737
Receivables258191157
Other undisclosed current assets13311152
Total current assets:3,0422,8632,257
Noncurrent Assets
Operating lease, right-of-use asset200217217
Property, plant and equipment693130
Restricted cash and investments 134080
Other noncurrent assets13896107
Total noncurrent assets:420384433
TOTAL ASSETS:3,4613,2472,691
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities218231175
Accounts payable457516
Accrued liabilities173156159
Deferred revenue183228190
Other undisclosed current liabilities187202239
Total current liabilities:588660604
Noncurrent Liabilities
Long-term debt and lease obligation  220428
Long-term debt, excluding current maturities   198
Liabilities, other than long-term debt2274355
Deferred revenue104051
Other liabilities1324
Operating lease, liability204220230
Other undisclosed noncurrent liabilities43482
Total noncurrent liabilities:231296564
Total liabilities:8199561,168
Equity
Equity, attributable to parent2,5652,2911,523
Common stock222
Additional paid in capital8,4287,7776,489
Accumulated other comprehensive loss(5)(2)(3)
Accumulated deficit(5,859)(5,486)(4,965)
Equity, attributable to noncontrolling interest77  
Total equity:2,6422,2911,523
TOTAL LIABILITIES AND EQUITY:3,4613,2472,691

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues1,9061,5421,093
Cost of revenue(409)(339)(353)
Gross profit:1,4971,202740
Operating expenses(1,659)(1,614)(1,914)
Operating income (loss):(161)(411)(1,174)
Nonoperating income (expense)(196)(74)8
Investment income, nonoperating2025
Other nonoperating income (expense)(216)(75)3
Interest and debt expense(4)(4)(14)
Income (loss) from continuing operations before equity method investments, income taxes:(361)(488)(1,180)
Other undisclosed income from continuing operations before income taxes   1
Income (loss) from continuing operations before income taxes:(361)(488)(1,179)
Income tax expense (benefit)(10)(32)13
Income (loss) from continuing operations:(371)(520)(1,166)
Loss before gain (loss) on sale of properties:(520)(1,166)
Net income (loss):(371)(520)(1,166)
Net loss attributable to noncontrolling interest   
Other undisclosed net loss attributable to parent(3)  
Net income (loss) available to common stockholders, basic:(374)(520)(1,166)
Dilutive securities, effect on basic earnings per share   (5)
Net income (loss) available to common stockholders, diluted:(374)(520)(1,172)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(371)(520)(1,166)
Other comprehensive loss   
Other undisclosed comprehensive loss(3)  
Comprehensive income (loss):(374)(520)(1,166)
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 0(2)
Comprehensive income (loss), net of tax, attributable to parent:(377)(520)(1,168)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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