CBIZ Inc. (CBZ) Financial Statements (2025 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)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1281,4028,0901,4153,6922,265
Cash and cash equivalents1,1281,4028,0901,4153,6922,265
Restricted cash and investments44,94727,74030,36238,22952,31425,109
Receivables477,841504,107380,152465,848456,397442,781
Funds held for clients131,128147,345159,186122,531131,374148,240
Other current assets38,89241,57034,89537,87942,41131,462
Total current assets:693,936722,164612,685665,902686,188649,857
Noncurrent Assets
Operating lease, right-of-use asset203,972209,231211,024193,552186,213193,907
Property, plant and equipment56,66757,99457,01255,29150,89946,933
Intangible assets, net (including goodwill), including:1,035,1481,038,4101,008,6041,014,6071,014,6731,005,873
Goodwill   865,180   
Intangible assets, net (excluding goodwill)   143,424   
Other undisclosed intangible assets, net (including goodwill)1,035,1481,038,410 1,014,6071,014,6731,005,873
Deferred costs162,133157,709143,499130,284136,463128,892
Other noncurrent assets8,94911,49010,76814,85814,31912,734
Total noncurrent assets:1,466,8691,474,8341,430,9071,408,5921,402,5671,388,339
TOTAL ASSETS:2,160,8052,196,9982,043,5922,074,4942,088,7552,038,196
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities211,894191,724218,521215,082229,711176,534
Accounts payable109,25393,53082,83180,609126,37282,705
Accrued liabilities102,64198,194135,690134,473103,33993,829
Business combination, contingent consideration, liability54,78064,55966,28770,12970,95065,152
Other liabilities31,38928,55530,93728,83730,99131,932
Other undisclosed current liabilities169,700185,217196,176160,398169,325187,540
Total current liabilities:467,763470,055511,921474,446500,977461,158
Noncurrent Liabilities
Long-term debt and lease obligation379,660436,344310,826393,008408,790401,772
Long-term debt, excluding current maturities379,660436,344310,826393,008408,790401,772
Liabilities, other than long-term debt421,948423,510429,227396,446402,945403,336
Accounts payable and accrued liabilities2,1492,0911,9842,0292,3812,330
Deferred compensation liability, classified162,133157,709143,499130,284136,463128,892
Deferred income tax liabilities32,72631,68629,28731,74929,45527,013
Other liabilities1,1771,2821,8936655231,118
Operating lease, liability194,704201,115203,905181,834174,608183,379
Business combination, contingent consideration, liability29,05929,62748,65949,88559,51560,604
Total noncurrent liabilities:801,608859,854740,053789,454811,735805,108
Total liabilities:1,269,3711,329,9091,251,9741,263,9001,312,7121,266,266
Equity
Equity, attributable to parent891,434867,089791,618810,594776,043771,930
Common stock1,3791,3791,3741,3741,3711,370
Treasury stock, value(910,322)(910,322)(899,093)(891,880)(882,088)(853,793)
Additional paid in capital845,962841,268832,475828,864818,693814,686
Accumulated other comprehensive income2,6542,7961,7784,4153,9282,391
Retained earnings951,761931,968855,084867,821834,139807,276
Total equity:891,434867,089791,618810,594776,043771,930
TOTAL LIABILITIES AND EQUITY:2,160,8052,196,9982,043,5922,074,4942,088,7552,038,196

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues420,012494,297327,547410,539398,502454,606
Cost of revenue(366,368)(376,485)(340,844)(342,148)(343,987)(341,011)
Gross profit:53,644117,812(13,297)68,39154,515113,595
Operating expenses(22,050)(18,711)(13,438)(13,136)(15,793)(15,598)
Operating income (loss):31,59499,101(26,735)55,25538,72297,997
Nonoperating income (expense)(3,401)4,9137,666(8,059)(113)1,570
Investment income, nonoperating   77 99
Other nonoperating income (expense)2,4839,42412,774(2,288)5,4215,112
Interest and debt expense(5,884)(4,511)(5,108)(5,848)(5,534)(3,641)
Income (loss) from continuing operations before equity method investments, income taxes:22,30999,503(24,177)41,34833,07595,926
Other undisclosed income from continuing operations before income taxes5,8844,5115,1085,8485,5343,641
Income (loss) from continuing operations before income taxes:28,193104,014(19,069)47,19638,60999,567
Income tax expense (benefit)(8,400)(27,130)6,332(13,514)(11,746)(26,407)
Net income (loss) available to common stockholders, diluted:19,79376,884(12,737)33,68226,86373,160

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):19,79376,884(12,737)33,68226,86373,160
Other comprehensive income (loss)31(343)1,249(176)(513)392
Comprehensive income (loss):19,82476,541(11,488)33,50626,35073,552
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(173)1,361(3,886)6632,050(1,605)
Comprehensive income (loss), net of tax, attributable to parent:19,65177,902(15,374)34,16928,40071,947

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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