Avalara, Inc. (AVLR) financial statements (2020 and earlier)

Company profile

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments467447442147142138173
Cash and cash equivalents467447442147142138173
Receivables52494345403529
Prepaid expense111110111086
Capitalized contract cost9876   
Deferred costs   11  
Funds held for clients24172419131118
Deposits current assets0000000
Other current assets2211111
Other undisclosed current assets1121010
Total current assets:567535529232207195226
Noncurrent Assets
Operating lease, right-of-use asset49   
Property, plant and equipment35353434333332
Intangible assets, net (including goodwill)1241251041058182 
Goodwill10110179796161 
Intangible assets, net (excluding goodwill)232525261921 
Capitalized contract cost, net29272320   
Other noncurrent assets      94
Other undisclosed noncurrent assets322221 
Total noncurrent assets:240190164161116117126
TOTAL ASSETS:807725692393323311353
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:74615751474136
Accounts payable1211810569
Accrued liabilities625049421376
Employee-related liabilities    41811
Taxes payable    211
Other undisclosed accounts payable and accrued liabilities    2389
Deferred revenue160148  
Debt9     4
Business combination, contingent consideration, liability46     
Contract with customer, liability138132   
Other undisclosed current liabilities25172521139121119
Total current liabilities:272232221203186162160
Noncurrent Liabilities
Long-term debt and lease obligation58     25
Long-term debt, excluding current maturities      25
Operating lease, liability58   
Liabilities, other than long-term debt13282020181917
Deferred revenue11  
Contract with customer, liability11   
Deferred rent credit 161617171716
Deferred tax liabilities, net11111
Other liabilities2222000
Business combination, contingent consideration, liability109     
Other undisclosed noncurrent liabilities01  999
Total noncurrent liabilities:72292020282751
Total liabilities:344261240224213189211
Stockholders' equity
Stockholders' equity attributable to parent464464452169110122142
Common stock0000000
Additional paid in capital977962937641599594589
Accumulated other comprehensive loss(3)(3)(3)(3)(2)(2)(2)
Accumulated deficit(510)(495)(482)(469)(488)(469)(445)
Total stockholders' equity:464464452169110122142
TOTAL LIABILITIES AND EQUITY:807725692393323311353

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues108999185777064
Cost of revenue(33)(30)(27)(25)(22)(20)(19)
Gross profit:75696460554945
Operating expenses(93)(83)(78)(69)(74)(74)(62)
Operating loss:(18)(14)(14)(10)(19)(25)(17)
Nonoperating income (expense)321100(0)
Investment income, nonoperating2211010
Other nonoperating income (expense)2(0)(0)(0)0(0)0
Interest and debt expense(0)(0)(0)(0)(0)(1)(1)
Loss from continuing operations before equity method investments, income taxes:(15)(12)(13)(9)(19)(25)(19)
Other undisclosed income from continuing operations before income taxes0000011
Loss from continuing operations before income taxes:(15)(12)(13)(9)(19)(24)(18)
Income tax expense (benefit)(0)(0)(0)(0)00(0)
Net loss available to common stockholders, diluted:(15)(12)(13)(9)(18)(24)(18)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net loss:(15)(12)(13)(9)(18)(24)(18)
Comprehensive loss:(15)(12)(13)(9)(18)(24)(18)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(1)0(0)0(0)(3)
Comprehensive loss, net of tax, attributable to parent:(15)(13)(13)(10)(18)(24)(21)

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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