Altair Engineering Inc. (ALTR) Financial Statements (2023 and earlier)

Company Profile

Business Address 1820 E. BIG BEAVER ROAD
TROY, MI 48083
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 millions)
Annual | Quarterly

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 investments3164142412233539
Cash and cash equivalents3164142412233539
Receivables18214712511210193
Inventory, net of allowances, customer advances and progress billings   222
Inventory   222
Other undisclosed current assets292821151510
Total current assets:527588387352154144
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   1✕✕
Operating lease, right-of-use asset34283428✕✕
Property, plant and equipment384036363031
Intangible assets, net (including goodwill)55746934130128087
Goodwill44937026423421163
Intangible assets, net (excluding goodwill)1089976677024
Restricted cash and investments   000
Deferred income tax assets1087 ✕✕
Other noncurrent assets402825201717
Other undisclosed noncurrent assets   418
Total noncurrent assets:678575443391329144
TOTAL ASSETS:1,2051,163830743483288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities534943394031
Employee-related liabilities✕4235313227
Accounts payable1079985
Accrued liabilities42     
Deferred revenue113938675✕✕
Debt020030000
Deferred revenue and credits✕✕✕✕✕130
Contract with customer, liability✕✕✕✕60✕
Other liabilities5612231292622
Other undisclosed current liabilities1010109114
Total current liabilities:233474201153128197
Noncurrent Liabilities
Long-term debt and lease obligation, including:30620189178310
Long-term debt, excluding current maturities306     
Capital lease obligations✕✕✕✕10
Finance lease, liability  01✕✕
Other undisclosed long-term debt and lease obligation  164157310
Liabilities, other than long-term debt975637353527
Deferred revenue and credits✕✕✕✕✕10
Deferred revenue311398✕✕
Contract with customer, liability✕✕✕✕7✕
Other liabilities414327272818
Operating lease, liability24202420✕✕
Other undisclosed noncurrent liabilities  2420  
Total noncurrent liabilities:402752502336627
Total liabilities:635549451386194225
Temporary equity, carrying amount 11222
Equity
Equity, attributable to parent, including:57061337935528761
Additional paid in capital721724475447380232
Accumulated other comprehensive loss(30)(9)(3)(10)(11)(5)
Accumulated deficit(122)(102)(93)(82)(82)(166)
Other undisclosed equity, attributable to parent000000
Total equity:57061337935528761
TOTAL LIABILITIES AND EQUITY:1,2051,163830743483288

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

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues572532470459396333
Revenue, net✕✕✕✕✕287
Cost of revenue(123)(130)(121)(133)(116)(107)
Cost of goods and services sold(123)(130)(121)(133)(116)(63)
Gross profit:449403349326280227
Operating expenses(456)(390)(337)(318)(256)(260)
Operating income (loss):(7)1212825(33)
Nonoperating income (expense)(17)(1)223(1)
Loss, foreign currency transaction, before tax(4)     
Other nonoperating income (expense)4(1)223(1)
Interest and debt expense(4)(12)(12)(6)(0)(2)
Income (loss) from continuing operations before income taxes:(28)(0)2327(36)
Income tax expense(15)(9)(13)(11)(13)(63)
Income (loss) from continuing operations:(43)(9)(11)(8)14(99)
Income (loss) before gain (loss) on sale of properties:✕(9)(11)(8)14(99)
Net income (loss) available to common stockholders, diluted:(43)(9)(11)(8)14(99)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(43)(9)(11)(8)14(99)
Other comprehensive income (loss)(21)(6)72(6)2
Comprehensive income (loss), net of tax, attributable to parent:(64)(15)(4)(6)8(97)

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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