Appian Corporation (APPN) Financial Statements (2024 and earlier)

Company Profile

Business Address 7950 JONES BRANCH DRIVE
MCLEAN, VA 22102
State of Incorp.
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)

12/31/2023
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 investments195,995155,975222,288159,75594,93073,758
Cash and cash equivalents148,132100,796112,462159,75594,93073,758
Short-term investments47,86355,179109,826   
Restricted cash and investments 2,249791    
Receivables165,964132,04997,27870,40893,78355,315
Contract with customer, asset, after allowance for credit loss14,30014,00020,10022,800 
Capitalized contract cost    14,543 
Deferred costs     2,4002,400
Other undisclosed current assets43,98935,44925,75410,15518,51313,749
Total current assets:422,497338,264365,420277,661209,626145,222
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    3,772
Operating lease, right-of-use asset37,24827,89730,65924,205
Property, plant and equipment     7,5392,663
Long-term investments and receivables  12,04436,120   
Long-term investments  12,04436,120   
Intangible assets, net (including goodwill)31,60034,9396,606   
Goodwill26,34927,7954,862   
Intangible assets, net (excluding goodwill)5,2517,1441,744   
Contract with customer, asset, after allowance for credit loss     
Capitalized contract cost, net    28,979 
Restricted cash and investments  2,373    
Deferred income tax assets1,9401,025489494
Other noncurrent assets3,2862,0473,625592601510
Other undisclosed noncurrent assets97,64385,93069,60235,78215,41412,657
Total noncurrent assets:171,717166,255147,10193,82423,55415,830
TOTAL ASSETS:594,214504,519512,521371,485233,180161,052
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,22456,37531,76923,40130,50923,768
Employee-related liabilities35,12622,98110,69113,79612,075
Accounts payable7,9975,7662,9675,2229,2495,226
Accrued liabilities12,22715,4835,8217,4887,4646,467
Deferred revenue194,768150,169116,25682,201
Debt2,740  5,283  
Other liabilities3,1211,0679401,3952,3691,182
Deferred revenue and credits95,52370,165
Other undisclosed current liabilities49,3998,1106,923   
Total current liabilities:270,252215,721155,888112,280128,40195,115
Noncurrent Liabilities
Long-term debt and lease obligation115,37948,78451,19446,791  
Long-term debt, excluding current maturities115,379     
Finance lease, liability    2,375
Liabilities, other than long-term debt62,8836,0978,8347,17731,54520,326
Deferred revenue and credits31,54518,922
Deferred revenue5,5562,4303,8867,139
Deferred income tax liabilities1022097038
Other liabilities  3,4584,878  1,404
Operating lease, liability57,22548,78451,19444,416
Other undisclosed noncurrent liabilities     4287
Total noncurrent liabilities:178,26254,88160,02853,96831,58720,413
Total liabilities:448,514270,602215,916166,248159,988115,528
Equity
Equity, attributable to parent, including:145,700233,917296,605205,23773,19245,524
Additional paid in capital561,390497,128470,498340,929218,284141,268
Accumulated other comprehensive income (loss)(7,246)(5,687)(5,010)(285)542439
Accumulated deficit(408,451)(257,531)(168,890)(135,413)(145,640)(96,189)
Other undisclosed equity, attributable to parent777666
Total equity:145,700233,917296,605205,23773,19245,524
TOTAL LIABILITIES AND EQUITY:594,214504,519512,521371,485233,180161,052

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues467,991369,259304,573260,352226,743176,737
Revenue, net85,223
Cost of revenue(133,306)(104,093)(88,766)(93,841)(84,925)(64,597)
Cost of goods and services sold(133,306)(104,093)(88,766)(93,841)(84,925)(55,218)
Gross profit:334,685265,166215,807166,511141,818112,140
Operating expenses(479,695)(349,073)(253,709)(216,979)(188,537)(143,951)
Operating loss:(145,010)(83,907)(37,902)(50,468)(46,719)(31,811)
Nonoperating income (expense)(5,218)(3,956)5,308574(2,493)1,565
Other nonoperating income (expense)(3,545)(3,584)5,786941(2,295)2,038
Interest and debt expense   (150)(108) (384)
Loss from continuing operations before equity method investments, income taxes:(150,228)(87,863)(32,744)(50,002)(49,212)(30,630)
Other undisclosed income from continuing operations before income taxes   150108 384
Loss from continuing operations before income taxes:(150,228)(87,863)(32,594)(49,894)(49,212)(30,246)
Income tax expense(692)(778)(883)(820)(239)(761)
Loss from continuing operations:(150,920)(88,641)(33,477)(50,714)(49,451)(31,007)
Loss before gain (loss) on sale of properties:(88,641)(33,477)(50,714)(49,451)(31,007)
Net loss attributable to parent:(150,920)(88,641)(33,477)(50,714)(49,451)(31,007)
Preferred stock dividends and other adjustments      (357)
Net loss available to common stockholders, diluted:(150,920)(88,641)(33,477)(50,714)(49,451)(31,364)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(150,920)(88,641)(33,477)(50,714)(49,451)(31,007)
Comprehensive loss:(150,920)(88,641)(33,477)(50,714)(49,451)(31,007)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,559)(677)(4,725)(827)103(891)
Comprehensive loss, net of tax, attributable to parent:(152,479)(89,318)(38,202)(51,541)(49,348)(31,898)

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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