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
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments213,286220,60751,025104,34255,003145,733
Cash and cash equivalents213,286220,60751,025104,34255,003145,733
Receivables74,26582,96962,19464,72065,70282,335
Prepaid expense21,08416,65418,20314,06115,25017,608
Contract with customer, asset, after allowance for credit loss61,46867,54068,48062,95561,56262,503
Capitalized contract cost10,82910,4608,0377,7116,8196,604
Other current assets2,0552,9142,8152,2391,8401,940
Total current assets:382,987401,144210,754256,028206,176316,723
Noncurrent Assets
Operating lease, right-of-use asset12,93713,70913,20814,08514,80815,619
Property, plant and equipment8,9559,3968,3378,7539,1349,446
Intangible assets, net (including goodwill)711,222718,625725,606653,021616,854621,572
Goodwill527,933528,548529,636473,697441,352441,150
Intangible assets, net (excluding goodwill)183,289190,077195,970179,324175,502180,422
Contract with customer, asset, after allowance for credit loss5,5653,4574,2185,1598,11911,288
Capitalized contract cost, net19,41119,38013,65811,7539,7159,325
Deferred income tax assets3,0896,2013,9423,3703,9973,962
Other noncurrent assets8,9626,1214,7002,9443,3272,516
Total noncurrent assets:770,141776,889773,669699,085665,954673,728
TOTAL ASSETS:1,153,1281,178,033984,423955,113872,130990,451
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,46133,78621,04023,10913,51919,965
Employee-related liabilities16,79629,25819,32520,16512,94817,170
Accounts payable9,6654,5281,7152,9445712,795
Deferred revenue70,44671,95745,54643,43145,99349,203
Debt1,8821,132    
Other undisclosed current liabilities14,19414,63515,08411,82712,09111,318
Total current liabilities:112,983121,51081,67078,36771,60380,486
Noncurrent Liabilities
Long-term debt and lease obligation303,757305,294133,330134,35455,249166,227
Long-term debt, excluding current maturities290,680291,154119,201119,13839,076149,014
Liabilities, other than long-term debt5,0759,82412,58015,45619,25822,628
Deferred revenue4,2985,5844,1884,2883,3593,195
Deferred income tax liabilities7774,2406,8239,60314,33417,867
Other liabilities   1,5691,5651,5651,566
Operating lease, liability13,07714,14014,12915,21616,17317,213
Total noncurrent liabilities:308,832315,118145,910149,81074,507188,855
Total liabilities:421,815436,628227,580228,177146,110269,341
Equity
Equity, attributable to parent731,313741,405756,843726,936726,020721,110
Common stock848484828181
Additional paid in capital835,454824,455813,856771,332759,645739,051
Accumulated other comprehensive income (loss)(181)6526621,8301,6231,373
Accumulated deficit(104,044)(83,786)(57,759)(46,308)(35,329)(19,395)
Total equity:731,313741,405756,843726,936726,020721,110
TOTAL LIABILITIES AND EQUITY:1,153,1281,178,033984,423955,113872,130990,451

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

6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Revenues84,69175,41776,18478,90468,94463,255
Cost of revenue(28,663)(27,181)(24,491)(22,404)(20,806)(18,457)
Cost of goods and services sold(8,516)(8,250)(6,811)(6,077)(5,809)(5,546)
Gross profit:56,02848,23651,69356,50048,13844,798
Operating expenses(72,027)(75,402)(70,473)(71,646)(66,071)(55,563)
Operating loss:(15,999)(27,166)(18,780)(15,146)(17,933)(10,765)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(804)99(805)430(872)2,231
Interest and debt expense(3,636)(1,967)(490)(310)(396)(598)
Loss from continuing operations before income taxes:(20,439)(29,034)(20,075)(15,026)(19,201)(9,132)
Income tax expense (benefit)1813,0078,6244,0473,2675,319
Loss from continuing operations:(20,258)(26,027)(11,451)(10,979)(15,934)(3,813)
Loss before gain (loss) on sale of properties:(20,258)(26,027)(11,451)(10,979)(15,934)(3,813)
Net loss available to common stockholders, diluted:(20,258)(26,027)(11,451)(10,979)(15,934)(3,813)

Comprehensive Income ($ in thousands)

6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Net loss:(20,258)(26,027)(11,451)(10,979)(15,934)(3,813)
Other comprehensive income (loss)(833)(10)(1,168)2072501,934
Comprehensive loss, net of tax, attributable to parent:(21,091)(26,037)(12,619)(10,772)(15,684)(1,879)

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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