Cass Information Systems Inc (CASS) Financial Statements (2024 and earlier)

Company Profile

Business Address 12444 POWERSCOURT DRIVE
ST. LOUIS, MO 63131
State of Incorp. MO
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (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 investments372,468200,942514,928670,528203,954230,933
Cash and cash equivalents20,90820,99512,301670,528203,954230,933
Short-term investments351,560179,947502,627   
Receivables    891,676772,638721,587
Financing receivable, excluding accrued interest, after allowance for credit loss1,014,3181,082,906 
Total current assets:1,386,7861,283,848514,9281,562,204976,592952,520
Noncurrent Assets
Operating lease, right-of-use asset8,1009,2004,421 5,848
Property, plant and equipment30,09319,95818,11318,05720,52722,031
Intangible assets, net (including goodwill), including:27,93627,93622,97817,68518,54314,123
Goodwill17,30917,30914,26214,26214,26212,569
Intangible assets, net (excluding goodwill)3,3454,1262,5643,4234,2811,554
Other undisclosed intangible assets, net (including goodwill)7,2826,5016,152   
Total noncurrent assets:66,12957,09445,51235,74244,91836,154
Other undisclosed assets1,025,7071,232,0811,994,461605,289742,733706,502
TOTAL ASSETS:2,478,6222,573,0232,554,9012,203,2351,764,2431,695,176
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt     18,000 
Total current liabilities:     18,000 
Noncurrent Liabilities
Liabilities, other than long-term debt    835,386684,295694,360
Accounts payable and accrued liabilities    835,386684,295694,360
Total noncurrent liabilities:    835,386684,295694,360
Other undisclosed liabilities2,248,8132,366,6982,309,1031,106,689817,758770,968
Total liabilities:2,248,8132,366,6982,309,1031,942,0751,520,0531,465,328
Equity
Equity, attributable to parent, including:229,809206,325245,798261,160244,190229,848
Common stock   7,7537,7537,7537,753
Treasury stock, value(84,264)(81,211)(78,904)(50,515)(45,381)(39,974)
Additional paid in capital208,007207,422204,276204,875205,397205,770
Accumulated other comprehensive income (loss)(47,469)(59,321)453(15)(13,920)(18,872)
Retained earnings145,782131,682112,22099,06290,34175,171
Other undisclosed equity, attributable to parent7,7537,753    
Total equity:229,809206,325245,798261,160244,190229,848
TOTAL LIABILITIES AND EQUITY:2,478,6222,573,0232,554,9012,203,2351,764,2431,695,176

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
Revenues197,511182,476154,147144,956157,235148,266
Net investment income69,04055,89744,77146,46146,79743,644
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (1,350) (645)(250) 
Gross profit:197,511181,126154,147144,311156,985148,266
Operating expenses(14,145)(10,610)(13,990)(12,193)(14,050)(13,114)
Other operating expense, net
(Other Expenses)
 (10,551)(7,950)(23)(1,088)(2,404)(1,963)
Other undisclosed operating loss      
Operating income:172,815162,566140,134131,030140,531133,189
Interest and debt expense(16,266)(3,482)(1,171)(2,362)(5,193)(3,736)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (98,327)(97,872)(93,106)
Income from continuing operations before equity method investments, income taxes:156,549159,084138,96330,34137,46636,347
Other undisclosed loss from continuing operations before income taxes(119,193)(116,184)(105,142)   
Income from continuing operations before income taxes:37,35642,90033,82130,34137,46636,347
Income tax expense(7,297)(7,996)(5,217)(5,165)(7,062)(6,079)
Income from continuing operations:30,05934,90428,60425,17630,40430,268
Income before gain (loss) on sale of properties:28,60425,17630,40430,268
Net income available to common stockholders, diluted:30,05934,90428,60425,17630,40430,268

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:30,05934,90428,60425,17630,40430,268
Other comprehensive income (loss)1,9431,1468,65813,9054,952(5,552)
Comprehensive income:32,00236,05037,26239,08135,35624,716
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9,909(60,920)(8,190)   
Comprehensive income (loss), net of tax, attributable to parent:41,911(24,870)29,07239,08135,35624,716

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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