CBIZ, Inc. (CBZ) Financial Statements (2024 and earlier)

Company Profile

Business Address 5959 ROCKSIDE WOODS BLVD N.
INDEPENDENCE, OH 44131
State of Incorp. DE
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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4153,6922,2654,6972,0403,881
Cash and cash equivalents1,4153,6922,2654,6972,0403,881
Restricted cash and investments38,22952,31425,10928,48739,55542,188
Receivables465,848456,397442,781334,498398,970410,481
Funds held for clients122,531131,374148,240171,313125,451185,271
Other current assets37,87942,41131,46229,43117,06512,221
Total current assets:665,902686,188649,857568,426583,081654,042
Noncurrent Assets
Operating lease, right-of-use asset193,552186,213193,907184,043191,699199,202
Property, plant and equipment55,29150,89946,93345,18445,46945,690
Intangible assets, net (including goodwill), including:1,014,6071,014,6731,005,873951,702957,186946,468
Goodwill   819,917  
Intangible assets, net (excluding goodwill)   131,785  
Other undisclosed intangible assets, net (including goodwill) 1,014,6071,014,6731,005,873 957,186946,468
Deferred costs130,284136,463128,892118,862111,060118,779
Other noncurrent assets14,85814,31912,73410,90711,1238,416
Total noncurrent assets:1,408,5921,402,5671,388,3391,310,6981,316,5371,318,555
TOTAL ASSETS:2,074,4942,088,7552,038,1961,879,1241,899,6181,972,597
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities215,082229,711176,534212,788352,941340,892
Taxes payable14,03712,757
Employee-related liabilities125,31094,763
Accounts payable80,609126,37282,70580,72574,247125,852
Accrued liabilities134,473103,33993,829132,063139,347107,520
Business combination, contingent consideration, liability70,12970,95065,15263,26261,35555,496
Other liabilities28,83730,99131,93226,53219,04519,210
Other undisclosed current liabilities160,398169,325187,540209,82525,263115,750
Total current liabilities:474,446500,977461,158512,407458,604531,348
Noncurrent Liabilities
Long-term debt and lease obligation393,008408,790401,772263,654450,777453,468
Long-term debt, excluding current maturities393,008408,790401,772263,654268,936263,718
Liabilities, other than long-term debt396,446402,945403,336389,611216,112223,258
Accounts payable and accrued liabilities2,0292,3812,3302,2112,0691,893
Deferred compensation liability, classified130,284136,463128,892118,862111,060118,779
Deferred income tax liabilities31,74929,45527,01324,76322,56620,873
Other liabilities6655231,118573564774
Operating lease, liability181,834174,608183,379174,454181,841189,750
Business combination, contingent consideration, liability49,88559,51560,60468,74879,85380,939
Total noncurrent liabilities:789,454811,735805,108653,265666,889676,726
Total liabilities:1,263,9001,312,7121,266,2661,165,6721,125,4931,208,074
Equity
Equity, attributable to parent810,594776,043771,930713,452774,125764,523
Common stock1,3741,3711,3701,3631,3611,358
Treasury stock, value(891,880)(882,088)(853,793)(824,778)(769,981)(737,559)
Additional paid in capital828,864818,693814,686799,147793,514781,142
Accumulated other comprehensive income4,4153,9282,3913,6043,6171,438
Retained earnings867,821834,139807,276734,116745,614718,144
Total equity:810,594776,043771,930713,452774,125764,523
TOTAL LIABILITIES AND EQUITY:2,074,4942,088,7552,038,1961,879,1241,899,6181,972,597

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues410,539398,502454,606295,043363,262361,952
Cost of revenue(342,148)(343,987)(341,011)(302,560)(306,017)(289,736)
Gross profit:68,39154,515113,595(7,517)57,24572,216
Operating expenses(13,136)(15,793)(15,598)(11,895)(15,893)(10,926)
Operating income (loss):55,25538,72297,997(19,412)41,35261,290
Nonoperating income (expense)(8,059)(113)1,5702,966(4,747)(17,408)
Other nonoperating income (expense)(2,288)5,4215,1125,694(2,618)(15,898)
Interest and debt expense(5,848)(5,534)(3,641)(2,830)(2,305)(1,645)
Income (loss) from continuing operations before equity method investments, income taxes:41,34833,07595,926(19,276)34,30042,237
Other undisclosed income from continuing operations before income taxes5,8485,5343,6412,8302,3051,645
Income (loss) from continuing operations before income taxes:47,19638,60999,567(16,446)36,60543,882
Income tax expense (benefit)(13,514)(11,746)(26,407)4,953(9,131)(12,622)
Income (loss) from continuing operations:33,68226,86373,160(11,493)27,47431,260
Income before gain (loss) on sale of properties:27,47431,260
Net income (loss):33,68226,86373,160(11,493)27,47431,260
Other undisclosed net loss attributable to parent    (5)(4)(5)
Net income (loss) available to common stockholders, diluted:33,68226,86373,160(11,498)27,47031,255

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income (loss):33,68226,86373,160(11,493)27,47431,260
Other comprehensive income (loss)(176)(513)392(528)(692)(169)
Comprehensive income (loss):33,50626,35073,552(12,021)26,78231,091
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6632,050(1,605)5102,867644
Comprehensive income (loss), net of tax, attributable to parent:34,16928,40071,947(11,511)29,64931,735

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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