Alarm.com Holdings Inc. (ALRM) Financial Statements (2024 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

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments696,983622,165710,621253,459119,629146,061
Cash and cash equivalents696,983622,165710,621253,459119,629146,061
Receivables130,626124,283105,54883,32676,37349,510
Inventory, net of allowances, customer advances and progress billings96,140115,58475,27644,28134,16822,990
Inventory96,140115,58475,27644,28134,16822,990
Other current assets33,03129,05626,17516,34813,5049,502
Total current assets:956,780891,088917,620397,414243,674228,063
Noncurrent Assets
Operating lease, right-of-use asset24,24228,93330,47933,45530,523✕
Property, plant and equipment54,16457,17241,71344,79638,54827,757
Intangible assets, net (including goodwill)233,062230,641204,307216,097208,401142,658
Goodwill154,498148,183112,901112,838104,96363,591
Intangible assets, net (excluding goodwill)78,56482,45891,406103,259103,43879,067
Deferred income tax assets131,81584,18513,54721,69219,137✕
Other noncurrent assets39,50037,35624,34918,23317,51613,555
Other undisclosed noncurrent assets      28,952
Total noncurrent assets:482,783438,287314,395334,273314,125212,922
TOTAL ASSETS:1,439,5631,329,3751,232,015731,687557,799440,985
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60,59770,660108,14071,91959,31268,255
Employee-related liabilities✕✕✕23,49522,30716,34213,484
Accounts payable39,03853,12164,75138,16332,87820,214
Accrued liabilities21,55917,53919,89411,44910,09234,557
Deferred revenue10,1937,5405,6974,0373,043✕
Debt     7,683 
Deferred compensation liability     141200
Business combination, contingent consideration, liability      
Other liabilities14,0375,4215,1714,3155,6163,459
Contract with customer, liability✕✕✕✕✕✕3,356
Other undisclosed current liabilities90,51081,31510,3319,973  
Total current liabilities:175,337164,936129,33990,24475,79575,270
Noncurrent Liabilities
Long-term debt and lease obligation493,515490,370457,936147,697100,19967,000
Long-term debt, excluding current maturities493,515490,370425,345110,00063,00067,000
Liabilities, other than long-term debt45,85751,22218,68515,30314,94421,126
Deferred revenue12,69210,7929,1408,4927,455✕
Contract with customer, liability✕✕✕✕✕✕7,820
Other liabilities12,69713,0509,5456,8117,48913,306
Operating lease, liability20,46827,38032,59137,69737,199✕
Total noncurrent liabilities:539,372541,592476,621163,000115,14388,126
Total liabilities:714,709706,528605,960253,244190,938163,396
Temporary equity, carrying amount36,30823,98812,88810,69111,210 
Equity
Equity, attributable to parent688,546598,859613,167467,752355,651277,589
Common stock519510504496487481
Treasury stock, value(111,291)(83,993)(5,149)(5,149)  
Additional paid in capital531,734497,199498,979405,831365,627341,139
Accumulated other comprehensive income1,398     
Retained earnings (accumulated deficit)266,186185,143118,83366,574(10,463)(64,031)
Total equity:688,546598,859613,167467,752355,651277,589
TOTAL LIABILITIES AND EQUITY:1,439,5631,329,3751,232,015731,687557,799440,985

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

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues881,682842,559748,969618,003502,363420,494
Cost of revenue
(Cost of Goods and Services Sold)		(325,159)(342,581)(305,899)(227,428)(183,599)(145,715)
Gross profit:556,523499,978443,070390,575318,764274,779
Operating expenses(489,694)(448,941)(381,498)(334,277)(268,351)(262,577)
Operating income:66,82951,03761,57256,29850,41312,202
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		4,624(59)(134)25,5886,5352,415
Interest and debt expense(3,429)(3,144)(15,956)(2,596)(2,974)(2,918)
Income from continuing operations before equity method investments, income taxes:68,02447,83445,48279,29053,97411,699
Other undisclosed income from continuing operations before income taxes29,8018,7595878704,922 
Income from continuing operations before income taxes:97,82556,59346,06980,16058,89611,699
Income tax expense (benefit)(17,485)(962)5,106(3,500)(5,566)9,825
Income from continuing operations:80,34055,63151,17576,66053,33021,524
Income before gain (loss) on sale of properties:✕✕✕51,17576,66053,33021,524
Net income:80,34055,63151,17576,66053,33021,524
Net income attributable to noncontrolling interest7037071,0841,193201 
Net income attributable to parent:81,04356,33852,25977,85353,53121,524
Undistributed earnings (loss) allocated to participating securities, basic      (3)
Net income available to common stockholders, basic:81,04356,33852,25977,85353,53121,521
Interest on convertible debt2,3672,352    
Net income available to common stockholders, diluted:83,41058,69052,25977,85353,53121,521

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:80,34055,63151,17576,66053,33021,524
Net income attributable to redeemable noncontrolling interest✕✕✕✕✕✕
Other comprehensive income1,398     
Comprehensive income:81,73855,63151,17576,66053,33021,524
Comprehensive income, net of tax, attributable to noncontrolling interest703     
Comprehensive income, net of tax, attributable to parent:82,44155,63151,17576,66053,33021,524

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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