SolarWinds Corporation financial statements (2021 and earlier)

Company profile

Business Address 7171 SOUTHWEST PKWY., BLDG. 400
AUSTIN, TX 78735
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments370173383
Cash and cash equivalents370173383
Receivables117123101
Capitalized contract cost43 
Deferred costs  4
Other undisclosed current assets222113
Total current assets:513320500
Noncurrent Assets
Operating lease, right-of-use asset11190
Property, plant and equipment593936
Intangible assets, net (including goodwill)4,8424,8304,640
Goodwill4,2494,0583,684
Intangible assets, net (excluding goodwill)593772956
Deferred income tax assets1495
Other noncurrent assets362811
Other undisclosed noncurrent assets  7
Total noncurrent assets:5,1984,9914,694
TOTAL ASSETS:5,7105,3115,195
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1077778
Accounts payable181410
Accrued liabilities734752
Taxes payable161616
Interest and dividends payable000
Deferred revenue346312
Debt203420
Other undisclosed current liabilities18 270
Total current liabilities:491423368
Noncurrent Liabilities
Long-term debt and lease obligation1,9981,9861,904
Long-term debt, excluding current maturities1,8831,8931,904
Operating lease, liability11593
Liabilities, other than long-term debt211252134
Deferred revenue3731
Deferred income tax liabilities5998
Other liabilities115123134
Other undisclosed noncurrent liabilities  173
Total noncurrent liabilities:2,2092,2382,210
Total liabilities:2,7002,6612,579
Stockholders' equity
Stockholders' equity attributable to parent3,0112,6502,616
Common stock000
Additional paid in capital3,1123,0423,011
Accumulated other comprehensive income (loss)127(5)17
Accumulated deficit(229)(387)(412)
Total stockholders' equity:3,0112,6502,616
TOTAL LIABILITIES AND EQUITY:5,7105,3115,195

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

12/31/2020
12/31/2019
12/31/2018
Revenues1,019933833
Cost of revenue
(Cost of Goods and Services Sold)
(275)(255)(247)
Gross profit:745677586
Operating expenses(637)(542)(471)
Operating income:107135115
Nonoperating expense(77)(108)(237)
Other nonoperating income (expense)(1)0(95)
Interest and debt expense(9)(9)(80)
Income (loss) from continuing operations before equity method investments, income taxes:2118(202)
Other undisclosed income from continuing operations before income taxes9980
Income (loss) from continuing operations before income taxes:3028(122)
Income tax expense (benefit)128(9)20
Net income (loss) attributable to parent:15819(102)
Preferred stock dividends and other adjustments  (232)
Undistributed earnings (loss) allocated to participating securities, basic(1)(0)(13)
Other undisclosed net income available to common stockholders, basic  711
Net income available to common stockholders, diluted:15818365

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income (loss):15819(102)
Comprehensive income (loss):15819(102)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent132(22)(58)
Comprehensive income (loss), net of tax, attributable to parent:291(4)(160)

Statements sources

The financial statements are based on the company's filings with the 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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