Barrett Business Services Inc. (BBSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 8100 NE PARKWAY DRIVE
VANCOUVER, WA 98662
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 7363 - Help Supply Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments152,195159,748166,168169,932127,16035,787
Cash and cash equivalents71,16891,42369,40568,68844,57035,371
Short-term investments81,02768,32596,763101,24482,590416
Restricted cash and investments97,470110,98967,23896,991116,873120,409
Receivables179,394163,838155,707124,991164,896151,597
Other undisclosed current assets18,44319,78717,60615,96114,91913,880
Total current assets:447,502454,362406,719407,875423,848321,673
Noncurrent Assets
Operating lease, right-of-use asset19,89819,80420,69723,02523,805✕
Property, plant and equipment50,29545,95436,27734,91631,72424,812
Long-term investments and receivables      1,687
Long-term investments      1,687
Intangible assets, net (including goodwill)47,82047,82047,82047,82047,82047,820
Goodwill47,82047,82047,82047,82047,82047,820
Restricted cash and investments145,583104,277232,965258,153327,326348,165
Deferred income tax assets4,21811,440   ✕
Other noncurrent assets6,2223,2812,4743,1613,6183,474
Deferred tax assets, net✕✕✕✕✕✕8,458
Other undisclosed noncurrent assets     2,788 
Total noncurrent assets:274,036232,576340,233367,075437,081434,416
TOTAL ASSETS:721,538686,938746,952774,950860,929756,089
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities66,011103,394101,306114,061133,112138,624
Taxes payable✕✕✕1,673  4,403
Employee-related liabilities✕✕✕80,028102,040118,273109,319
Accounts payable6,5938,2644,4854,7465,9934,336
Accrued liabilities59,41895,13015,1207,2758,84620,566
Debt   3,5102216,892221
Deferred compensation liability 1,1001,000200100  
Estimated litigation liability      2,900
Other undisclosed current liabilities276,141230,337210,380176,255202,118184,993
Total current liabilities:343,252334,731315,396290,637342,122326,738
Noncurrent Liabilities
Long-term debt and lease obligation   14,59819,92921,6133,951
Long-term debt, excluding current maturities    3,5103,7303,951
Liabilities, other than long-term debt140,247173,095207,366265,124324,213305,178
Accounts payable and accrued liabilities117,757153,070199,379255,706320,713304,078
Deferred compensation liability, classified 7,9005,8006,3004,9003,5001,100
Deferred income tax liabilities   1,6874,518 ✕
Operating lease, liability14,59014,22514,59816,41917,883✕
Other undisclosed noncurrent liabilities38,8991,2701,0621,0251,1821,185
Total noncurrent liabilities:179,146174,365223,026286,078347,008310,314
Total liabilities:522,398509,096538,422576,715689,130637,052
Equity
Equity, attributable to parent199,140177,842208,530198,235171,799119,037
Common stock666974767574
Additional paid in capital36,94032,74429,05424,88520,22715,437
Accumulated other comprehensive income (loss)(20,801)(27,594)1,0797,5642,819(5,068)
Retained earnings182,935172,623178,323165,710148,678108,594
Total equity:199,140177,842208,530198,235171,799119,037
TOTAL LIABILITIES AND EQUITY:721,538686,938746,952774,950860,929756,089

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

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,069,3071,054,326955,166880,824942,311940,698
Cost of revenue
(Cost of Goods and Services Sold)		(826,775)(819,481)(750,658)(697,917)(734,058)(754,025)
Gross profit:242,532234,845204,508182,907208,253186,673
Operating expenses(181,882)(175,870)(160,585)(146,760)(157,765)(149,684)
Operating income:60,65058,97543,92336,14750,48836,989
Nonoperating income8,3386,3286,7386,44910,6507,780
Investment income, nonoperating8,6436,4767,2157,97712,5209,077
Interest and debt expense(166)(141)(372)(1,244)(1,789)(1,052)
Income from continuing operations before equity method investments, income taxes:68,82265,16250,28941,35259,34943,717
Other undisclosed income from continuing operations before income taxes1661413721,2441,7891,052
Income from continuing operations before income taxes:68,98865,30350,66142,59661,13844,769
Income tax expense(18,376)(18,035)(12,582)(8,831)(12,846)(6,707)
Income from continuing operations:50,61247,26838,07933,76548,29238,062
Income before gain (loss) on sale of properties:✕✕✕38,07933,76548,29238,062
Net income available to common stockholders, diluted:50,61247,26838,07933,76548,29238,062

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:50,61247,26838,07933,76548,29238,062
Comprehensive income:50,61247,26838,07933,76548,29238,062
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6,793(28,673)(6,485)4,7457,887(3,638)
Comprehensive income, net of tax, attributable to parent:57,40518,59531,59438,51056,17934,424

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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