Avalara, Inc. (AVLR) Financial Statements (2024 and earlier)

Company Profile

Business Address 255 S. KING ST.
SEATTLE, WA 98104
State of Incorp. WA
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)

6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,481,8531,514,0641,536,422639,479638,794 
Cash and cash equivalents1,481,8531,514,0641,536,422639,479638,794 
Restricted cash and investments 37,70037,70037,70037,70031,083 
Receivables113,469114,24896,30585,53190,126 
Prepaid expense6,4043,13229,28625,80024,528 
Capitalized contract cost17,29616,36415,73514,78112,957 
Funds held for clients64,35962,50979,88445,58033,633 
Deposits current assets4,9033,7462051852,801 
Other current assets4,3203,3901,6112,6532,251 
Other undisclosed current assets25,26620,4711,280532888 
Total current assets:1,755,5701,775,6241,798,428852,241837,061 
Noncurrent Assets
Operating lease, right-of-use asset43,22544,38546,79849,16150,145 
Property, plant and equipment49,36846,46442,64538,63336,347 
Intangible assets, net (including goodwill)761,206769,199692,185686,345594,799 
Goodwill671,431672,381603,768596,674520,120 
Intangible assets, net (excluding goodwill)89,77596,81888,41789,67174,679 
Capitalized contract cost, net53,47152,15547,89645,86240,273 
Restricted cash and investments    10337,803 
Other undisclosed noncurrent assets10,82710,70410,3237,6095,434 
Total noncurrent assets:918,097922,907839,847827,713764,801 
TOTAL ASSETS:2,673,6672,698,5312,638,2751,679,9541,601,862 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities87,313126,475110,71999,44187,512 
Interest and dividends payable     
Taxes payable     
Employee-related liabilities     
Accounts payable18,21116,68318,74117,47718,361 
Accrued liabilities69,102109,79291,97881,96469,151 
Deferred revenue302,496280,816256,182237,537223,961 
Business combination, contingent consideration, liability37,39033,15129,45625,37112,503 
Other undisclosed current liabilities130,898127,231142,663107,84665,488 
Total current liabilities:558,097567,673539,020470,195389,464 
Noncurrent Liabilities
Long-term debt and lease obligation1,005,6931,006,8731,008,78951,35953,503 
Long-term debt, excluding current maturities962,144961,259960,373   
Liabilities, other than long-term debt66,95489,54351,12950,43328,683 
Deferred revenue1,1142,1391,7011,8581,570 
Deferred income tax liabilities5,3835,1582,1955,3401,171 
Other liabilities751761817570542 
Operating lease, liability43,54945,61448,41651,35953,503 
Business combination, contingent consideration, liability59,70681,48546,41642,66525,400 
Other undisclosed noncurrent liabilities6,7157,9883,8892,61848,766 
Total noncurrent liabilities:1,079,3621,104,4041,063,807104,410130,952 
Total liabilities:1,637,4591,672,0771,602,827574,605520,416 
Equity
Equity, attributable to parent1,036,2081,026,4541,035,4481,105,3491,081,446 
Common stock99999 
Additional paid in capital1,776,4001,732,7421,687,5791,723,7621,672,531 
Accumulated other comprehensive loss(4,775)(3,428)(2,579)(1,407)(1,729) 
Accumulated deficit(735,426)(702,869)(649,561)(617,015)(589,365) 
Total equity:1,036,2081,026,4541,035,4481,105,3491,081,446 
TOTAL LIABILITIES AND EQUITY:2,673,6672,698,5312,638,2751,679,9541,601,862 

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

6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Revenues204,530195,142181,167169,067153,601(355,809)
Cost of revenue(60,126)(59,958)(53,040)(48,675)(44,671) 
Gross profit:144,404135,184128,127120,392108,930 
Operating expenses(179,493)(173,680)(154,328)(147,252)(134,311) 
Operating loss:(35,089)(38,496)(26,201)(26,860)(25,381) 
Nonoperating income (expense)2,817(5,229)(6,955)(938)(2,250) 
Investment income, nonoperating18633282324 
Other nonoperating income (expense)1268,465(6,168)(961)(2,274) 
Interest and debt expense(1,496)(1,496)(815)   
Loss from continuing operations before equity method investments, income taxes:(33,768)(45,221)(33,971)(27,798)(27,631) 
Other undisclosed income from continuing operations before income taxes1,4961,496815   
Loss from continuing operations before income taxes:(32,272)(43,725)(33,156)(27,798)(27,631) 
Income tax expense (benefit)(285)(1,709)610148(2,357) 
Loss from continuing operations:(32,557)(45,434)(32,546)(27,650)(29,988) 
Loss before gain (loss) on sale of properties:(32,557)(45,434)(32,546)(27,650)(29,988)
Net loss available to common stockholders, diluted:(32,557)(45,434)(32,546)(27,650)(29,988) 

Comprehensive Income ($ in thousands)

6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Net loss:(32,557)(45,434)(32,546)(27,650)(29,988) 
Comprehensive loss:(32,557)(45,434)(32,546)(27,650)(29,988) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,347)(849)(1,172)322(390) 
Comprehensive loss, net of tax, attributable to parent:(33,904)(46,283)(33,718)(27,328)(30,378) 

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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