Ping Identity Holding Corp. (PING) Financial Statements (2024 and earlier)

Company Profile

Business Address C/O PING IDENTITY HOLDING CORP.
DENVER, CO 80202
State of Incorp. DE
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 thousands)

6/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 220,607145,73367,637
Cash and cash equivalents 220,607145,73367,637
Receivables 82,96982,33567,642
Prepaid expense 16,65417,60812,768
Contract with customer, asset, after allowance for credit loss 67,54062,50370,031
Capitalized contract cost 10,4606,6045,814
Other current assets 2,9141,9403,774
Total current assets: 401,144316,723227,666
Noncurrent Assets
Operating lease, right-of-use asset 13,70915,619 
Property, plant and equipment 9,3969,44611,183
Intangible assets, net (including goodwill) 718,625621,572605,564
Goodwill 528,548441,150417,696
Intangible assets, net (excluding goodwill) 190,077180,422187,868
Contract with customer, asset, after allowance for credit loss 3,45711,28815,979
Capitalized contract cost, net 19,3809,3257,856
Deferred income tax assets 6,2013,9622,755
Other noncurrent assets 6,1212,5161,808
Total noncurrent assets: 776,889673,728645,145
TOTAL ASSETS: 1,178,033990,451872,811
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 33,78619,96519,244
Employee-related liabilities 29,25817,17018,126
Accounts payable 4,5282,7951,118
Deferred revenue 71,95749,20345,446
Debt 1,132  
Other undisclosed current liabilities 14,63511,3189,302
Total current liabilities: 121,51080,48673,992
Noncurrent Liabilities
Long-term debt and lease obligation 305,294166,22750,941
Long-term debt, excluding current maturities 291,154149,01450,941
Liabilities, other than long-term debt 9,82422,62837,407
Deferred revenue 5,5843,1952,061
Deferred income tax liabilities 4,24017,86730,571
Other liabilities  1,5664,775
Operating lease, liability 14,14017,213 
Total noncurrent liabilities: 315,118188,85588,348
Total liabilities: 436,628269,341162,340
Equity
Equity, attributable to parent 741,405721,110710,471
Common stock 848180
Additional paid in capital 824,455739,051718,446
Accumulated other comprehensive income (loss) 6521,373(399)
Accumulated deficit (83,786)(19,395)(7,656)
Total equity: 741,405721,110710,471
TOTAL LIABILITIES AND EQUITY: 1,178,033990,451872,811

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

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
Revenues 299,449243,589242,898
Cost of revenue (94,882)(68,211)(55,704)
Cost of goods and services sold (26,947)(20,269)(16,338)
Gross profit: 204,567175,378187,194
Operating expenses (283,592)(202,039)(179,837)
Operating income (loss): (79,025)(26,661)7,357
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 (1,148)2,947363
Interest and debt expense (3,163)(2,433)(17,446)
Loss from continuing operations before income taxes: (83,336)(26,147)(9,726)
Income tax benefit 18,94514,2568,222
Loss from continuing operations: (64,391)(11,891)(1,504)
Loss before gain (loss) on sale of properties:(64,391)(11,891)(1,504)
Net loss available to common stockholders, diluted: (64,391)(11,891)(1,504)

Comprehensive Income ($ in thousands)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
Net loss: (64,391)(11,891)(1,504)
Other comprehensive income (loss) (721)1,772388
Comprehensive loss, net of tax, attributable to parent: (65,112)(10,119)(1,116)

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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