Computer Programs and Systems, Inc. (CPSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 6600 WALL STREET
MOBILE, AL 36695
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,2466,8166,95115,55815,10715,981
Cash and cash equivalents7,2466,8166,95115,55815,10715,981
Receivables59,55959,15555,78550,65553,91947,223
Inventory, net of allowances, customer advances and progress billings9621,1827841,7541,128567
Inventory9621,1827841,7541,128567
Prepaid expense 1,8114647019552,1424,115
Other undisclosed current assets12,89114,68310,33811,89014,66912,911
Total current assets:82,46982,30074,55980,81286,96580,797
Noncurrent Assets
Operating lease, right-of-use asset5,4217,1567,5677,9998,3048,079
Property, plant and equipment8,7449,4029,88410,30110,87611,467
Long-term investments and receivables2,2232,7743,3124,2275,2426,012
Accounts and financing receivable, after allowance for credit loss2,2232,7743,3124,2275,2426,012
Intangible assets, net (including goodwill)292,224296,238300,253305,070309,559313,614
Goodwill198,253198,253198,253198,584198,586197,883
Intangible assets, net (excluding goodwill)93,97197,985102,000106,486110,973115,731
Other noncurrent assets7,5956,9738,1315,6315,4174,952
Other undisclosed noncurrent assets36,08832,00427,25723,95519,12415,409
Total noncurrent assets:352,295354,547356,404357,183358,522359,533
TOTAL ASSETS:434,764436,847430,963437,995445,487440,330
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,73134,37129,72436,35737,62227,741
Employee-related liabilities6,3506,2035,478
Accounts payable14,48312,6407,0357,4767,9957,240
Accrued liabilities20,24821,73122,68922,53123,42415,023
Deferred revenue   11,590   
Debt3,1413,1413,1413,1413,1414,863
Other undisclosed current liabilities9,88511,637 5,9057,95114,131
Total current liabilities:47,75749,14944,45545,40348,71446,735
Noncurrent Liabilities
Long-term debt and lease obligation, including:141,420135,603136,388137,174137,958136,633
Long-term debt, excluding current maturities141,420135,603136,388137,174137,958136,633
Other undisclosed long-term debt and lease obligation    (6,088)(6,827)(6,018)
Liabilities, other than long-term debt15,03718,53718,40916,37219,05520,192
Deferred income tax liabilities11,22513,33012,75816,37219,05520,192
Operating lease, liability3,8125,2075,6516,0886,8276,018
Other undisclosed noncurrent liabilities    6,0886,8276,018
Total noncurrent liabilities:156,457154,140154,797159,634163,840162,843
Total liabilities:204,214203,289199,252205,037212,554209,578
Equity
Equity, attributable to parent230,550233,558231,711232,958232,933230,752
Common stock151515151515
Treasury stock, value(17,032)(16,984)(14,500)(10,824)(6,824)(4,226)
Additional paid in capital193,399193,522192,275192,363190,499188,796
Retained earnings54,16857,00553,92151,40449,24346,167
Total equity:230,550233,558231,711232,958232,933230,752
TOTAL LIABILITIES AND EQUITY:434,764436,847430,963437,995445,487440,330

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues84,62286,23383,22482,82782,72677,871
Cost of revenue(44,133)(44,177)(46,072)(44,809)(43,322)(38,056)
Cost of goods and services sold(44,133)(44,177)(46,072)(44,809)(43,322)(38,056)
Gross profit:40,48942,05637,15238,01839,40439,815
Operating expenses(42,395)(35,761)(32,886)(33,075)(34,816)(30,829)
Operating income (loss):(1,906)6,2954,2664,9434,5888,986
Nonoperating income (expense)(2,586)(2,402)(2,439)(2,005)(749)490
Other nonoperating income78267 355278157
Interest and debt expense(2,664)(2,669) (1,771)(125)(917)
Income (loss) from continuing operations before equity method investments, income taxes:(7,156)1,2241,8271,1673,7148,559
Other undisclosed income from continuing operations before income taxes   125   
Income (loss) from continuing operations before income taxes:(7,156)1,2241,9521,1673,7148,559
Income tax expense (benefit)1,655(809)690(777)(763)(1,363)
Income (loss) from continuing operations:(5,501)4152,6423902,9517,196
Income before gain (loss) on sale of properties:3902,9517,196
Net income (loss):(5,501)4152,6423902,9517,196
Other undisclosed net income (loss) attributable to parent2,6642,669(125)1,771125917
Net income (loss) attributable to parent:(2,837)3,0842,5172,1613,0768,113
Other undisclosed net income (loss) available to common stockholders, basic64(63)(50)(42)(58)(166)
Net income (loss) available to common stockholders, diluted:(2,773)3,0212,4672,1193,0187,947

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(5,501)4152,6423902,9517,196
Comprehensive income (loss), net of tax, attributable to parent:(5,501)4152,6423902,9517,196

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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