Alarm.com Holdings, Inc. (ALRM) Financial Statements (2023 and earlier)

Company Profile

Business Address 8281 GREENSBORO DRIVE
TYSONS, VA 22102
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)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments622,165710,621253,459119,629146,06196,329
Cash and cash equivalents622,165710,621253,459119,629146,06196,329
Receivables124,283105,54883,32676,37349,51040,634
Inventory, net of allowances, customer advances and progress billings115,58475,27644,28134,16822,99014,177
Inventory115,58475,27644,28134,16822,99014,177
Other current assets29,05626,17516,34813,5049,50212,796
Total current assets:891,088917,620397,414243,674228,063163,936
Noncurrent Assets
Operating lease, right-of-use asset28,93330,47933,45530,523✕✕
Property, plant and equipment57,17241,71344,79638,54827,75723,459
Intangible assets, net (including goodwill)230,641204,307216,097208,401142,658157,877
Goodwill148,183112,901112,838104,96363,59163,591
Intangible assets, net (excluding goodwill)82,45891,406103,259103,43879,06794,286
Deferred income tax assets84,18513,54721,69219,137✕✕
Other noncurrent assets37,35624,34918,23317,51613,5557,925
Deferred tax assets, net✕✕✕✕✕ 18,444
Other undisclosed noncurrent assets     28,952 
Total noncurrent assets:438,287314,395334,273314,125212,922207,705
TOTAL ASSETS:1,329,3751,232,015731,687557,799440,985371,641
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities70,660108,14071,91959,31268,25533,436
Employee-related liabilities✕✕23,49522,30716,34213,48412,127
Accounts payable53,12164,75138,16332,87820,21417,008
Accrued liabilities17,53919,89411,44910,09234,5574,301
Deferred revenue7,5405,6974,0373,043✕✕
Debt    7,683  
Deferred compensation liability    1412002,802
Business combination, contingent consideration, liability      
Deferred revenue and credits✕✕✕✕✕✕3,292
Contract with customer, liability✕✕✕✕✕3,356✕
Other liabilities5,4215,1714,3155,6163,4594,973
Other undisclosed current liabilities81,31510,3319,973   
Total current liabilities:164,936129,33990,24475,79575,27044,503
Noncurrent Liabilities
Long-term debt and lease obligation490,370457,936147,697100,19967,00071,000
Long-term debt, excluding current maturities490,370425,345110,00063,00067,00071,000
Liabilities, other than long-term debt51,22218,68515,30314,94421,12623,311
Deferred revenue and credits✕✕✕✕✕✕9,386
Deferred revenue10,7929,1408,4927,455✕✕
Contract with customer, liability✕✕✕✕✕7,820✕
Other liabilities13,0509,5456,8117,48913,30613,925
Operating lease, liability27,38032,59137,69737,199✕✕
Total noncurrent liabilities:541,592476,621163,000115,14388,12694,311
Total liabilities:706,528605,960253,244190,938163,396138,814
Temporary equity, carrying amount23,98812,88810,69111,210  
Equity
Equity, attributable to parent598,859613,167467,752355,651277,589232,827
Common stock510504496487481472
Treasury stock, value(83,993)(5,149)(5,149)   
Additional paid in capital497,199498,979405,831365,627341,139321,032
Accumulated other comprehensive income      
Retained earnings (accumulated deficit)185,143118,83366,574(10,463)(64,031)(88,677)
Total equity:598,859613,167467,752355,651277,589232,827
TOTAL LIABILITIES AND EQUITY:1,329,3751,232,015731,687557,799440,985371,641

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues842,559748,969618,003502,363420,494338,937
Revenue, net✕✕✕✕✕✕338,937
Cost of revenue
(Cost of Goods and Services Sold)		(342,581)(305,899)(227,428)(183,599)(145,715)(116,188)
Gross profit:499,978443,070390,575318,764274,779222,749
Operating expenses(448,941)(381,498)(334,277)(268,351)(262,577)(189,375)
Operating income:51,03761,57256,29850,41312,20233,374
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(59)(134)25,5886,5352,4151,066
Interest and debt expense(3,144)(15,956)(2,596)(2,974)(2,918)(2,199)
Income from continuing operations before equity method investments, income taxes:47,83445,48279,29053,97411,69932,241
Other undisclosed income from continuing operations before income taxes8,7595878704,922  
Income from continuing operations before income taxes:56,59346,06980,16058,89611,69932,241
Income tax expense (benefit)(962)5,106(3,500)(5,566)9,825(2,990)
Income from continuing operations:55,63151,17576,66053,33021,52429,251
Income before gain (loss) on sale of properties:✕51,17576,66053,33021,52429,251
Net income:55,63151,17576,66053,33021,52429,251
Net income attributable to noncontrolling interest7071,0841,193201  
Net income attributable to parent:56,33852,25977,85353,53121,52429,251
Preferred stock dividends and other adjustments      
Undistributed earnings (loss) allocated to participating securities, basic     (3)(13)
Other undisclosed net income available to common stockholders, basic      
Net income available to common stockholders, basic:56,33852,25977,85353,53121,52129,238
Interest on convertible debt2,352     
Net income available to common stockholders, diluted:58,69052,25977,85353,53121,52129,238

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:55,63151,17576,66053,33021,52429,251
Other comprehensive income      
Comprehensive income:55,63151,17576,66053,33021,52429,251
Comprehensive income, net of tax, attributable to noncontrolling interest      
Comprehensive income, net of tax, attributable to parent:55,63151,17576,66053,33021,52429,251

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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