CCC Intelligent Solutions Holdings Inc. (CCCS) Financial Statements (2024 and earlier)

Company Profile

Business Address 167 N. GREEN STREET
CHICAGO, IL 60607
State of Incorp.
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments195,572323,788182,544605
Cash and cash equivalents195,572323,788182,544605
Receivables104,16398,35378,793 
Prepaid expense    321
Deferred costs17,90016,55615,069 
Other current assets32,36436,35846,181 
Other undisclosed current assets  4,015318 
Total current assets:349,999479,070322,905926
Noncurrent Assets
Operating lease, right-of-use asset30,45632,8748,052 
Property, plant and equipment160,416146,443135,845 
Long-term investments and receivables10,22810,22810,228 
Long-term investments10,22810,22810,228 
Intangible assets, net (including goodwill)2,432,7702,613,9482,680,133 
Goodwill1,417,7241,495,1291,466,884 
Intangible assets, net (excluding goodwill)1,015,0461,118,8191,213,249 
Capitalized contract cost, net   22,117 
Asset, held-in-trust    690,000
Deferred costs22,30220,16122,117 
Other noncurrent assets43,19745,91126,165 
Other undisclosed noncurrent assets1,6722,2869,964 
Total noncurrent assets:2,701,0412,871,8512,914,621690,000
TOTAL ASSETS:3,051,0403,350,9213,237,526690,926
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:87,80299,04486,852900
Taxes payable7,243 
Accounts payable16,32427,59912,918 
Accrued liabilities71,47871,44566,691 
Other undisclosed accounts payable and accrued liabilities    900
Deferred revenue43,56735,23931,042 
Debt    
Due to related parties  18
Other undisclosed current liabilities21,53817,28218,755 
Total current liabilities:152,907151,565136,649918
Noncurrent Liabilities
Long-term debt and lease obligation767,504774,132836,743 
Long-term debt, excluding current maturities767,504774,132780,610 
Liabilities, other than long-term debt252,575298,601281,53024,150
Deferred compensation liability, classified    24,150
Deferred income tax liabilities195,365241,698275,745 
Other liabilities6,4142,6585,785 
Operating lease, liability50,79654,24556,133 
Other undisclosed noncurrent liabilities79,19367,15796,107219,795
Total noncurrent liabilities:1,099,2721,139,8901,214,380243,945
Total liabilities:1,252,1791,291,4551,351,029244,863
Temporary equity, carrying amount16,58414,17914,179 
Equity
Equity, attributable to parent, including:1,782,2772,045,2871,872,3185,000
Common stock606261 
Additional paid in capital2,909,7572,754,0552,618,924190,772
Accumulated other comprehensive loss(1,073)(884)(315) 
Accumulated deficit(1,126,467)(707,946)(746,352)(185,776)
Other undisclosed equity, attributable to parent    4
Other undisclosed equity    441,063
Total equity:1,782,2772,045,2871,872,318446,063
TOTAL LIABILITIES AND EQUITY:3,051,0403,350,9213,237,526690,926

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues866,378782,448688,288 
Cost of revenue(230,219)(213,939)(195,655) 
Cost of goods and services sold(229,788)(213,939)(195,655) 
Gross profit:636,159568,509492,633 
Operating expenses(660,084)(516,587)(637,308) 
Operating income (loss):(23,925)51,922(144,675) 
Nonoperating income1,7996,362114 
Investment income, nonoperating 5,663  
Other nonoperating income1,799699114 
Interest and debt expense(63,577)(38,990)(74,230) 
Income (loss) from continuing operations before equity method investments, income taxes:(85,703)19,294(218,791) 
Other undisclosed income (loss) from continuing operations before income taxes1,15630,568(56,128) 
Income (loss) from continuing operations before income taxes:(84,547)49,862(274,919) 
Income tax expense (benefit)(5,524)(11,456)26,000 
Income (loss) from continuing operations:(90,071)38,406(248,919) 
Loss before gain (loss) on sale of properties:(248,919)
Net income (loss) attributable to parent:(90,071)38,406(248,919) 
Preferred stock dividends and other adjustments(2,405)   
Net income (loss) available to common stockholders, basic:(92,476)38,406(248,919) 
Dilutive securities, effect on basic earnings per share  35,080,710  
Net income (loss) available to common stockholders, diluted:(92,476)35,119,116(248,919) 

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(90,071)38,406(248,919) 
Other undisclosed comprehensive loss(189)(569)(44) 
Comprehensive income (loss):(90,260)37,837(248,963) 
Other undisclosed comprehensive loss, net of tax, attributable to parent(2,405)   
Comprehensive income (loss), net of tax, attributable to parent:(92,665)37,837(248,963) 

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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