Blackbaud Inc. (BLKB) Financial Statements (2024 and earlier)

Company Profile

Business Address 65 FAIRCHILD STREET
CHARLESTON, SC 29492
State of Incorp. DE
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)

3/31/2024
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 investments31,25131,69155,14635,75031,81030,866
Cash and cash equivalents31,25131,69155,14635,75031,81030,866
Restricted cash and investments697,359702,489597,593609,540546,009420,733
Receivables101,862102,809102,72695,40488,86886,595
Capitalized contract cost25,30029,10030,20031,90033,00031,700
Other undisclosed current assets73,98552,55465,30646,46634,85228,088
Total current assets:929,757918,643850,971819,060734,539597,982
Noncurrent Assets
Operating lease, right-of-use asset36,92745,89953,88322,671104,400
Property, plant and equipment98,689107,426111,428105,17735,54640,031
Intangible assets, net (including goodwill)1,635,6751,685,4081,756,692913,360951,983836,830
Goodwill1,053,7381,050,2721,058,640635,854634,088545,213
Intangible assets, net (excluding goodwill)581,937635,136698,052277,506317,895291,617
Deferred costs 160,194141,023121,377111,827  
Other noncurrent assets51,03794,30477,26672,63965,19365,363
Other undisclosed noncurrent assets    101,30275,099
Total noncurrent assets:1,982,5222,074,0602,120,6461,225,6741,258,4241,017,323
TOTAL ASSETS:2,912,2792,992,7032,971,6172,044,7341,992,9631,615,305
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities25,18442,55922,06727,83647,67634,538
Accounts payable25,18442,55922,06727,83647,67634,538
Deferred revenue392,530382,419374,499312,236314,335
Debt19,25918,80218,69712,84027,2847,500
Contract with customer, liability295,991
Other undisclosed current liabilities760,164786,862694,369660,492599,542467,626
Total current liabilities:1,197,1371,230,6421,109,6321,013,404988,837805,655
Noncurrent Liabilities
Long-term debt and lease obligation760,405840,241990,869535,550555,224379,624
Long-term debt, excluding current maturities760,405840,241937,483518,193459,600379,624
Liabilities, other than long-term debt146,032177,788154,05669,63052,13811,952
Deferred revenue2,3972,8174,2474,6781,802
Contract with customer, liability2,564
Deferred income tax liabilities93,292125,759148,46554,08644,594
Other liabilities10,2584,2941,34410,8665,7429,388
Operating lease, liability40,08544,91853,38617,35795,624
Other undisclosed noncurrent liabilities      44,291
Total noncurrent liabilities:906,4371,018,0291,144,925605,180607,362435,867
Total liabilities:2,103,5742,248,6712,254,5571,618,5841,596,1991,241,522
Equity
Equity, attributable to parent808,705744,032717,060426,150396,764373,783
Common stock696866616059
Treasury stock, value(591,557)(537,287)(500,911)(353,091)(290,665)(266,884)
Additional paid in capital1,203,0121,075,264968,927544,963457,804399,241
Accumulated other comprehensive income (loss)(1,688)8,9386,522(2,497)(5,290)(5,110)
Retained earnings198,869197,049242,456236,714234,855246,477
Total equity:808,705744,032717,060426,150396,764373,783
TOTAL LIABILITIES AND EQUITY:2,912,2792,992,7032,971,6172,044,7341,992,9631,615,305

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,105,4321,058,105927,740913,219900,423848,606
Cost of revenue
(Cost of Goods and Services Sold)
(502,188)(505,389)(443,195)(428,065)(418,424)(381,742)
Gross profit:603,244552,716484,545485,154481,999466,864
Operating expenses(558,539)(581,201)(459,639)(447,911)(454,854)(407,447)
Operating income (loss):44,705(28,485)24,90637,24327,14559,417
Nonoperating income12,8618,7131801,6584,0581,103
Investment income, nonoperating8,8211,7463921,6602,8022,008
Gain (loss), foreign currency transaction, before tax(36)4,635    
Other nonoperating income (expense)4,0762,332(212)(2)1,256(905)
Interest and debt expense(39,922)(35,803)(18,003)(17,287)(20,618)(15,898)
Income (loss) from continuing operations before income taxes:17,644(55,575)7,08321,61410,58544,622
Income tax expense (benefit)(15,824)10,168(1,385)(13,897)1,323219
Income (loss) from continuing operations:1,820(45,407)5,6987,71711,90844,841
Income before gain (loss) on sale of properties:5,6987,71711,90844,841
Net income (loss) available to common stockholders, diluted:1,820(45,407)5,6987,71711,90844,841

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):1,820(45,407)5,6987,71711,90844,841
Other comprehensive income (loss)(10,626)2,4169,0192,793(180)(4,635)
Other undisclosed comprehensive loss      
Comprehensive income (loss):(8,806)(42,991)14,71710,51011,72840,206
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(8,806)(42,991)14,71710,51011,72840,206

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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