Deluxe Corporation (DLX) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
801 S. MARQUETTE AVE. MINNEAPOLIS, MN 55402 |
| State of Incorp. | MN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 278 - Blankbooks, Looseleaf Binders, And Bookbinding (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 40 | 41 | 123 | 74 | 60 | 59 | |||
| Cash and cash equivalents | 40 | 41 | 123 | 74 | 60 | 59 | |||
| Receivables | 207 | 198 | 162 | 163 | 174 | 150 | |||
| Inventory, net of allowances, customer advances and progress billings | 52 | 35 | 40 | 40 | 46 | 42 | |||
| Inventory | 52 | 35 | 40 | 40 | 46 | 42 | |||
| Prepaid expense | 37 | 38 | |||||||
| Contract with customer, asset, after allowance for credit loss | 27 | 23 | 14 | 24 | 20 | ✕ | |||
| Funds held for clients | 302 | 255 | 120 | 118 | 101 | 86 | |||
| Other current assets | 27 | 24 | 44 | 45 | 39 | 55 | |||
| Other undisclosed current assets | 12 | 8 | 4 | 8 | 11 | ||||
| Total current assets: | 704 | 620 | 507 | 472 | 450 | 393 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 24 | 26 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 47 | 58 | 36 | 44 | ✕ | ✕ | |||
| Property, plant and equipment | 89 | 96 | 90 | 85 | |||||
| Long-term investments and receivables | 48 | 47 | 46 | 45 | 44 | 43 | |||
| Long-term investments | 48 | 47 | 46 | 45 | 44 | 43 | |||
| Intangible assets, net (including goodwill) | 1,890 | 1,941 | 984 | 1,081 | 1,521 | 1,515 | |||
| Goodwill | 1,431 | 1,430 | 737 | 804 | 1,161 | 1,131 | |||
| Intangible assets, net (excluding goodwill) | 459 | 511 | 247 | 276 | 360 | 384 | |||
| Restricted cash and investments | 3 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 3 | 1 | 12 | ||||||
| Deferred costs | 12 | ||||||||
| Deferred income tax assets | 2 | 2 | 5 | 4 | ✕ | ✕ | |||
| Other noncurrent assets | 260 | 279 | 209 | 198 | 196 | 160 | |||
| Other undisclosed noncurrent assets | 98 | 88 | 3 | 1 | |||||
| Total noncurrent assets: | 2,372 | 2,454 | 1,368 | 1,471 | 1,855 | 1,816 | |||
| TOTAL ASSETS: | 3,077 | 3,074 | 1,875 | 1,943 | 2,305 | 2,209 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 375 | 370 | 294 | 292 | 391 | 382 | |||
| Accounts payable | 157 | 153 | 117 | 112 | 107 | 104 | |||
| Accrued liabilities | 218 | 217 | 177 | 179 | 284 | 277 | |||
| Debt | 73 | 58 | 1 | 44 | |||||
| Restructuring reserve | 3 | ||||||||
| Other undisclosed current liabilities | 304 | 256 | 118 | 113 | |||||
| Total current liabilities: | 752 | 683 | 412 | 408 | 392 | 426 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,573 | 1,682 | 28 | 884 | 911 | 665 | |||
| Long-term debt, excluding current maturities | 1,573 | 1,626 | |||||||
| Other undisclosed long-term debt and lease obligation | 850 | 911 | 665 | ||||||
| Liabilities, other than long-term debt, including: | 147 | 134 | 54 | 47 | 40 | 52 | |||
| Deferred income tax liabilities | 46 | 75 | 11 | 15 | ✕ | ✕ | |||
| Restructuring reserve | 0 | ||||||||
| Other liabilities | 53 | 59 | 43 | 33 | 27 | 29 | |||
| Operating lease, liability | 49 | 56 | 28 | 34 | ✕ | ✕ | |||
| Other undisclosed liabilities, other than long-term debt | 12 | 24 | |||||||
| Other undisclosed noncurrent liabilities | 840 | ||||||||
| Total noncurrent liabilities: | 1,720 | 1,816 | 922 | 931 | 951 | 718 | |||
| Total liabilities: | 2,472 | 2,500 | 1,334 | 1,339 | 1,343 | 1,143 | |||
| Equity | |||||||||
| Equity, attributable to parent | 604 | 574 | 541 | 571 | 915 | 1,015 | |||
| Common stock | 43 | 43 | 42 | 42 | 45 | 48 | |||
| Additional paid in capital | 79 | 57 | 18 | 4 | |||||
| Accumulated other comprehensive loss | (37) | (31) | (41) | (48) | (57) | (38) | |||
| Retained earnings | 519 | 506 | 523 | 573 | 927 | 1,005 | |||
| Equity, attributable to noncontrolling interest | 0 | 0 | 0 | ||||||
| Total equity: | 604 | 575 | 541 | 571 | 915 | 1,015 | |||
| Other undisclosed liabilities and equity | 34 | 47 | 51 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 3,077 | 3,074 | 1,875 | 1,943 | 2,305 | 2,209 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,238 | 2,022 | 1,791 | 2,009 | 1,998 | 1,966 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,966 | |
| Cost of revenue | (1,032) | (884) | (731) | (813) | (792) | (742) | ||
| Cost of goods and services sold | (742) | |||||||
| Gross profit: | 1,206 | 1,138 | 1,060 | 1,196 | 1,206 | 1,223 | ||
| Operating expenses | (974) | (941) | (940) | (1,387) | (990) | (884) | ||
| Other undisclosed operating income (loss) | (63) | (55) | (76) | 33 | 15 | (9) | ||
| Operating income (loss): | 169 | 142 | 45 | (158) | 231 | 331 | ||
| Nonoperating income | 9 | 7 | 9 | 7 | 9 | 3 | ||
| Interest and debt expense | (94) | (56) | (23) | (35) | (27) | (21) | ||
| Income (loss) from continuing operations before income taxes: | 84 | 94 | 31 | (186) | 213 | 313 | ||
| Income tax expense | (19) | (31) | (22) | (14) | (63) | (83) | ||
| Income (loss) from continuing operations: | 66 | 63 | 9 | (200) | 150 | 230 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 63 | 9 | (200) | 150 | 230 | ||
| Net income (loss): | 66 | 63 | 9 | (200) | 150 | 230 | ||
| Net loss attributable to noncontrolling interest | (0) | (0) | (0) | |||||
| Net income (loss) attributable to parent: | 65 | 63 | 9 | (200) | 150 | 230 | ||
| Other undisclosed net loss available to common stockholders, basic | (0) | (0) | (0) | (0) | (1) | (1) | ||
| Net income (loss) available to common stockholders, basic: | 65 | 63 | 9 | (200) | 149 | 229 | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | (0) | (0) | (1) | (0) | 0 | |||
| Net income (loss) available to common stockholders, diluted: | 65 | 62 | 8 | (200) | 149 | 229 | ||
Comprehensive Income ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 66 | 63 | 9 | (200) | 150 | 230 | ||
| Other comprehensive income (loss) | (6) | 10 | 7 | 9 | 1 | 13 | ||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income (loss): | 60 | 73 | 15 | (191) | 150 | 243 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | |||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (13) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 60 | 73 | 15 | (191) | 138 | 243 | ||
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.