Benefitfocus, Inc. (BNFT) financial statements (2021 and earlier)

Company profile

Business Address 100 BENEFITFOCUS WAY
CHARLESTON, SC 29492
State of Incorp. DE
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments186176183115131131138
Cash and cash equivalents91108183115131131138
Short-term investments9568     
Receivables22303033343532
Other undisclosed current assets21141821221517
Total current assets:229220231169186181188
Noncurrent Assets
Finance lease, right-of-use asset697173767981 
Operating lease, right-of-use asset112222 
Property, plant and equipment30313132292929
Intangible assets, net (including goodwill)23242425262627
Goodwill13131313131313
Intangible assets, net (excluding goodwill)10111212131314
Other undisclosed noncurrent assets10101010111092
Total noncurrent assets:133137141144145147147
TOTAL ASSETS:362357372314332328335
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28262429353231
Accounts payable22761097
Accrued liabilities6871211109
Employee-related liabilities19161111151415
Deferred revenue282831303334 
Debt5   66 
Due to related parties1100110
Other undisclosed current liabilities06680043
Total current liabilities:61616267767374
Noncurrent Liabilities
Long-term debt and lease obligation263181194201276274182
Long-term debt, excluding current maturities184181194201188185182
Finance lease, liability78   8687 
Operating lease, liability1   22 
Liabilities, other than long-term debt7875570
Deferred revenue455557 
Other liabilities2420000
Other undisclosed noncurrent liabilities08182831098
Total noncurrent liabilities:270270283289282282280
Total liabilities:332331345356357355354
Temporary equity, carrying amount797979    
Stockholders' equity
Stockholders' equity attributable to parent, including:(49)(54)(52)(42)(26)(27)(19)
Common stock0000000
Treasury stock, value (10)(10)    
Additional paid in capital427425423420426421416
Accumulated deficit(476)(479)(475)(463)(452)(448)(435)
Other undisclosed stockholders' equity attributable to parent 1010    
Total stockholders' equity:(49)(54)(52)(42)(26)(27)(19)
TOTAL LIABILITIES AND EQUITY:362357372314332328335

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues76646266877269
Cost of revenue
(Cost of Goods and Services Sold)
(35)(30)(30)(34)(43)(36)(33)
Gross profit:41333232443636
Operating expenses(33)(33)(38)(38)(43)(43)(46)
Operating income (loss):90(6)(6)2(7)(10)
Nonoperating expense(5)(5)(6)(5)(5)(5)(5)
Interest and debt expense 1(6)(6)(2)(2)(6)
Income (loss) from continuing operations before equity method investments, income taxes:3(3)(18)(17)(6)(15)(21)
Other undisclosed income (loss) from continuing operations before income taxes (1)66226
Income (loss) from continuing operations before income taxes:3(4)(12)(11)(4)(13)(15)
Income tax expense(0)(0)(0)(0)(0)(0)(0)
Net income (loss) attributable to parent:3(4)(12)(11)(4)(13)(15)
Preferred stock dividends and other adjustments(2)(2)(0)    
Net income (loss) available to common stockholders, diluted:1(6)(12)(11)(4)(13)(15)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):3(4)(12)(11)(4)(13)(15)
Comprehensive income (loss):3(4)(12)(11)(4)(13)(15)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(2)(0)    
Comprehensive income (loss), net of tax, attributable to parent:5(6)(12)(11)(4)(13)(15)

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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