Altair Engineering Inc. (ALTR) financial statements (2022 and earlier)

Company profile

Business Address 1820 E. BIG BEAVER ROAD
TROY, MI 48083
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4142412233539
Cash and cash equivalents4142412233539
Receivables14712511210193
Inventory, net of allowances, customer advances and progress billings  222
Inventory  222
Other undisclosed current assets2821151510
Total current assets:588387352154144
Noncurrent Assets
Finance lease, right-of-use asset  1
Operating lease, right-of-use asset283428
Property, plant and equipment4036363031
Intangible assets, net (including goodwill)46934130128087
Goodwill37026423421163
Intangible assets, net (excluding goodwill)9976677024
Restricted cash and investments  000
Deferred income tax assets87 
Other noncurrent assets2825201717
Other undisclosed noncurrent assets  418
Total noncurrent assets:575443391329144
TOTAL ASSETS:1,163830743483288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4943394031
Accounts payable79985
Employee-related liabilities4235313227
Deferred revenue938675
Debt20030000
Deferred revenue and credits130
Contract with customer, liability60
Other liabilities12231292622
Other undisclosed current liabilities10109114
Total current liabilities:474201153128197
Noncurrent Liabilities
Long-term debt and lease obligation, including:20189178310
Finance lease, liability 01
Capital lease obligations10
Operating lease, liability202420
Other undisclosed long-term debt and lease obligation 164157310
Liabilities, other than long-term debt5637353527
Deferred revenue and credits10
Deferred revenue1398
Contract with customer, liability7
Other liabilities4327272818
Other undisclosed noncurrent liabilities 2420  
Total noncurrent liabilities:752502336627
Total liabilities:549451386194225
Temporary equity, carrying amount11222
Stockholders' equity
Stockholders' equity attributable to parent, including:61337935528761
Additional paid in capital724475447380232
Accumulated other comprehensive loss(9)(3)(10)(11)(5)
Accumulated deficit(102)(93)(82)(82)(166)
Other undisclosed stockholders' equity attributable to parent00000
Total stockholders' equity:61337935528761
TOTAL LIABILITIES AND EQUITY:1,163830743483288

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues532470459396333
Revenue, net287
Cost of revenue(130)(121)(133)(116)(107)
Cost of goods and services sold(130)(121)(133)(116)(63)
Gross profit:403349326280227
Operating expenses(390)(337)(318)(256)(260)
Operating income (loss):1212825(33)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)223(1)
Interest and debt expense(12)(12)(6)(0)(2)
Income (loss) from continuing operations before income taxes:(0)2327(36)
Income tax expense(9)(13)(11)(13)(63)
Net income (loss) available to common stockholders, diluted:(9)(11)(8)14(99)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(9)(11)(8)14(99)
Other comprehensive income (loss)(6)72(6)2
Comprehensive income (loss), net of tax, attributable to parent:(15)(4)(6)8(97)

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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