Barrett Business Services, Inc. (BBSI) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments166,168169,932127,16035,78760,50956,44325,218
Cash and cash equivalents69,40568,68844,57035,37159,83550,76825,218
Short-term investments96,763101,24482,5904166745,675 
Restricted cash and investments67,23896,991116,873120,409103,65248,55710,000
Receivables155,707124,991164,896151,597138,350126,48491,567
Deferred tax assets  25,24220,941
Other undisclosed current assets17,60615,96114,91913,8805,7243,89979,283
Total current assets:406,719407,875423,848321,673308,235260,625227,009
Noncurrent Assets
Operating lease, right-of-use asset20,69723,02523,805
Property, plant and equipment36,27734,91631,72424,81224,90926,67322,820
Long-term investments and receivables   1,6871,1996426,082
Long-term investments   1,6871,1996426,082
Intangible assets, net (including goodwill)47,82047,82047,82047,82047,82047,82047,820
Goodwill47,82047,82047,82047,82047,82047,82047,820
Restricted cash and investments232,965258,153327,326348,165291,273252,707 
Other noncurrent assets2,4743,1613,6183,4743,2159,2935,130
Deferred tax assets, net8,4585,834  
Other undisclosed noncurrent assets  2,788   187,916
Total noncurrent assets:340,233367,075437,081434,416374,250337,135269,768
TOTAL ASSETS:746,952774,950860,929756,089682,485597,760496,777
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities101,306114,061133,112138,624111,86396,99874,964
Accounts payable4,4854,7465,9934,3365,1664,9443,217
Accrued liabilities15,1207,2758,84620,5669,0247,6746,166
Employee-related liabilities80,028102,040118,273109,31997,67381,33965,581
Taxes payable1,673  4,403 3,041 
Debt3,5102216,89222122122119,833
Deferred compensation liability200100     
Estimated litigation liability   2,900   
Other undisclosed current liabilities210,380176,255202,118184,993210,171177,945142,596
Total current liabilities:315,396290,637342,122326,738322,255275,164237,393
Noncurrent Liabilities
Long-term debt and lease obligation14,59819,92921,6133,9514,1714,392 
Long-term debt, excluding current maturities 3,5103,7303,9514,1714,392 
Operating lease, liability14,59816,41917,883
Liabilities, other than long-term debt207,366265,124324,213305,178265,844247,070203,350
Accounts payable and accrued liabilities199,379255,706320,713304,078265,844231,198190,094
Deferred compensation liability, classified6,3004,9003,5001,100   
Deferred tax liabilities, net  15,87213,256
Deferred income tax liabilities1,6874,518 
Other undisclosed noncurrent liabilities1,0621,0251,1821,1851,3811,4411,483
Total noncurrent liabilities:223,026286,078347,008310,314271,396252,903204,833
Total liabilities:538,422576,715689,130637,052593,651528,067442,226
Stockholders' equity
Stockholders' equity attributable to parent208,530198,235171,799119,03788,83469,69354,551
Common stock74767574737272
Additional paid in capital29,05424,88520,22715,43712,3119,6386,964
Accumulated other comprehensive income (loss)1,0797,5642,819(5,068)(1,430)(3)(31)
Retained earnings178,323165,710148,678108,59477,88059,98647,546
Total stockholders' equity:208,530198,235171,799119,03788,83469,69354,551
TOTAL LIABILITIES AND EQUITY:746,952774,950860,929756,089682,485597,760496,777

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues955,166880,824942,311940,698920,432840,586740,841
Cost of revenue(750,658)(697,917)(734,058)(754,025)(761,901)(695,050)(611,385)
Cost of goods and services sold(750,658)(697,917)(734,058)(754,025)(527,220)(484,620)(440,248)
Gross profit:204,508182,907208,253186,673158,531145,536129,456
Operating expenses(160,585)(146,760)(157,765)(149,684)(128,590)(116,595)(93,028)
Operating income:43,92336,14750,48836,98929,94128,94136,428
Nonoperating income (expense)6,7386,44910,6507,7804,437(3,355)(1,282)
Investment income, nonoperating7,2157,97712,5209,0774,668956771
Interest and debt expense(372)(1,244)(1,789)(1,052)(313)(807)(1,965)
Income from continuing operations before equity method investments, income taxes:50,28941,35259,34943,71734,06524,77933,181
Other undisclosed income from continuing operations before income taxes3721,2441,7891,0523138071,965
Income from continuing operations before income taxes:50,66142,59661,13844,76934,37825,58635,146
Income tax expense(12,582)(8,831)(12,846)(6,707)(9,208)(6,787)(9,652)
Net income available to common stockholders, diluted:38,07933,76548,29238,06225,17018,79925,494

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:38,07933,76548,29238,06225,17018,79925,494
Comprehensive income:38,07933,76548,29238,06225,17018,79925,494
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6,485)4,7457,887(3,638)(1,427)28(8)
Comprehensive income, net of tax, attributable to parent:31,59438,51056,17934,42423,74318,82725,486

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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