SolarWinds Corporation (SWI) Financial Statements (2024 and earlier)

Company Profile

Business Address 7171 SOUTHWEST PKWY., BLDG. 400
AUSTIN, TX 78735
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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments178,189140,733148,852492,539778,208751,218
Cash and cash equivalents177,194129,180121,738441,661722,440751,218
Short-term investments99511,55327,11450,87855,768 
Receivables85,444109,380101,19193,63484,69899,574
Capitalized contract cost7,5577,3346,9366,2845,8225,600
Other undisclosed current assets59,48956,57250,41442,82917,24616,959
Total current assets:330,679314,019307,393635,286885,974873,351
Noncurrent Assets
Operating lease, right-of-use asset43,83752,73961,41863,97767,39771,373
Property, plant and equipment21,11423,44726,63426,98727,65927,974
Intangible assets, net (including goodwill)2,599,4882,617,2712,624,0392,583,9652,924,2963,611,342
Goodwill2,386,8962,388,9992,380,0592,328,0852,642,3883,299,468
Intangible assets, net (excluding goodwill)212,592228,272243,980255,880281,908311,874
Deferred income tax assets136,509136,958134,922124,818132,866141,512
Other noncurrent assets48,80747,01545,60043,47940,36936,197
Total noncurrent assets:2,849,7552,877,4302,892,6132,843,2263,192,5873,888,398
TOTAL ASSETS:3,180,4343,191,4493,200,0063,478,5124,078,5614,761,749
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,91044,06782,32985,20062,07946,836
Interest and dividends payable261234171
Taxes payable15,01616,9446,483
Accounts payable10,9288,84814,0459,5897,5157,188
Accrued liabilities39,98235,21968,28460,33437,38632,994
Deferred revenue332,309343,594337,541313,363315,108329,017
Debt12,45012,4509,33819,90019,90019,900
Other undisclosed current liabilities40,81030,22827,42514,89814,90414,938
Total current liabilities:436,479430,339456,633433,361411,991410,691
Noncurrent Liabilities
Long-term debt and lease obligation1,191,8161,192,2761,192,7651,626,5011,931,4131,938,723
Long-term debt, excluding current maturities1,191,8161,192,2761,192,7651,564,4411,865,2701,868,010
Liabilities, other than long-term debt153,483183,034180,955118,185117,350134,957
Deferred revenue42,01841,99238,94536,55734,88735,458
Deferred income tax liabilities4,99510,4888,5826,7857,96810,713
Other liabilities54,19474,58674,19374,84374,49588,786
Operating lease, liability52,27655,96859,23562,06066,14370,713
Total noncurrent liabilities:1,345,2991,375,3101,373,7201,744,6862,048,7632,073,680
Total liabilities:1,781,7781,805,6491,830,3532,178,0472,460,7542,484,371
Equity
Equity, attributable to parent1,398,6561,385,8001,369,6531,300,4651,617,8072,277,378
Common stock165164162161161160
Additional paid in capital2,654,1782,638,6702,627,3702,612,6652,594,1922,577,818
Accumulated other comprehensive loss(40,561)(37,648)(48,114)(113,007)(69,411)(15,589)
Accumulated deficit(1,215,126)(1,215,386)(1,209,765)(1,199,354)(907,135)(285,011)
Total equity:1,398,6561,385,8001,369,6531,300,4651,617,8072,277,378
TOTAL LIABILITIES AND EQUITY:3,180,4343,191,4493,200,0063,478,5124,078,5614,761,749

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues185,034185,976187,069179,396176,034176,868
Cost of revenue
(Cost of Goods and Services Sold)
(21,958)(21,830)(21,626)(20,191)(19,108)(35,058)
Gross profit:163,076164,146165,443159,205156,926141,810
Operating expenses(130,431)(128,313)(137,406)(421,684)(753,504)(130,369)
Operating income (loss):32,64535,83328,037(262,479)(596,578)11,441
Nonoperating expense(29,430)(28,670)(28,918)(25,599)(17,675)(16,256)
Interest and debt expense   (1,892)   
Income (loss) from continuing operations before equity method investments, income taxes:3,2157,163(2,773)(288,078)(614,253)(4,815)
Other undisclosed income from continuing operations before income taxes   1,892   
Income (loss) from continuing operations before income taxes:3,2157,163(881)(288,078)(614,253)(4,815)
Income tax expense (benefit)(2,955)(12,784)(9,530)(4,141)(7,871)156
Income (loss) from continuing operations:260(5,621)(10,411)(292,219)(622,124)(4,659)
Loss before gain (loss) on sale of properties:(292,219)(622,124)(4,659)
Net income (loss) available to common stockholders, diluted:260(5,621)(10,411)(292,219)(622,124)(4,659)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):260(5,621)(10,411)(292,219)(622,124)(4,659)
Comprehensive income (loss):260(5,621)(10,411)(292,219)(622,124)(4,659)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,913)10,46664,893(43,596)(53,822)(16,895)
Comprehensive income (loss), net of tax, attributable to parent:(2,653)4,84554,482(335,815)(675,946)(21,554)

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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