Health Catalyst Inc (HCAT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
10897 SOUTH RIVER FRONT PARKWAY, #300 SOUTH JORDAN, UT 84095 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 317,728 | 363,490 | 444,981 | 270,871 | 228,277 | |||
| Cash and cash equivalents | 106,276 | 116,312 | 193,227 | 91,954 | 18,032 | |||
| Short-term investments | 211,452 | 247,178 | 251,754 | 178,917 | 210,245 | |||
| Receivables | 60,290 | 47,970 | 48,801 | 48,296 | 27,570 | |||
| Contract with customer, asset, after allowance for credit loss | 4,700 | 900 | 800 | 1,600 | 2,900 | |||
| Capitalized contract cost | 2,200 | 1,500 | 1,400 | 500 | ||||
| Deferred costs | 937 | |||||||
| Other undisclosed current assets | 8,479 | 13,935 | 12,409 | 8,532 | 4,555 | |||
| Total current assets: | 393,397 | 427,795 | 508,391 | 329,799 | 264,239 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 13,927 | 16,658 | 21,133 | 24,729 | 3,787 | |||
| Property, plant and equipment | 25,712 | 25,928 | 23,316 | 12,863 | 4,295 | |||
| Intangible assets, net (including goodwill) | 264,036 | 278,171 | 274,760 | 206,743 | 29,229 | |||
| Goodwill | 190,652 | 185,982 | 169,972 | 107,822 | 3,694 | |||
| Intangible assets, net (excluding goodwill) | 73,384 | 92,189 | 104,788 | 98,921 | 25,535 | |||
| Other noncurrent assets | 4,742 | 3,734 | 4,496 | 3,606 | 810 | |||
| Total noncurrent assets: | 308,417 | 324,491 | 323,705 | 247,941 | 38,121 | |||
| TOTAL ASSETS: | 701,814 | 752,286 | 832,096 | 577,740 | 302,360 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 27,568 | 22,278 | 28,418 | 21,842 | 12,566 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 17,430 | 9,838 | 4,278 | ||
| Accounts payable | 6,641 | 4,424 | 4,693 | 5,332 | 3,622 | |||
| Accrued liabilities | 20,927 | 17,854 | 6,295 | 6,672 | 4,666 | |||
| Deferred revenue | 55,753 | 54,961 | 56,632 | 47,145 | 30,653 | |||
| Debt | 2,806 | |||||||
| Restructuring reserve | ||||||||
| Business combination, contingent consideration, liability | 4,576 | 14,427 | 2,192 | |||||
| Other undisclosed current liabilities | 5,713 | 5,271 | 3,425 | 4,622 | ||||
| Total current liabilities: | 89,034 | 82,510 | 93,051 | 88,036 | 48,217 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 228,034 | 226,523 | 201,186 | 192,663 | 49,854 | |||
| Long-term debt, excluding current maturities | 228,034 | 226,523 | 180,942 | 168,994 | 48,200 | |||
| Liabilities, other than long-term debt | 17,827 | 18,243 | 15,761 | 20,942 | 3,645 | |||
| Deferred revenue | 77 | 105 | 929 | 1,878 | 1,459 | |||
| Other liabilities | 74 | 121 | 113 | 2,227 | 326 | |||
| Operating lease, liability | 17,676 | 18,017 | 20,244 | 23,669 | 1,654 | |||
| Business combination, contingent consideration, liability | 14,719 | 16,837 | 1,860 | |||||
| Total noncurrent liabilities: | 245,861 | 244,766 | 216,947 | 213,605 | 53,499 | |||
| Total liabilities: | 334,895 | 327,276 | 309,998 | 301,641 | 101,716 | |||
| Temporary equity, carrying amount | 602,700 | |||||||
| Equity | ||||||||
| Equity, attributable to parent, including: | 366,919 | 425,010 | 522,098 | 276,099 | 200,644 | |||
| Common stock | 53 | 43 | 37 | |||||
| Additional paid in capital | 1,400,972 | 1,001,645 | 811,049 | |||||
| Accumulated other comprehensive income (loss) | 33 | (648) | (67) | 61 | 72 | |||
| Accumulated deficit | (1,117,170) | (999,023) | (878,860) | (725,650) | (610,514) | |||
| Other undisclosed equity, attributable to parent | 1,484,056 | 1,424,681 | ||||||
| Other undisclosed equity | (602,700) | |||||||
| Total equity: | 366,919 | 425,010 | (80,602) | 276,099 | 200,644 | |||
| TOTAL LIABILITIES AND EQUITY: | 701,814 | 752,286 | 832,096 | 577,740 | 302,360 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 295,938 | 276,236 | 241,926 | 188,845 | 154,941 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (164,105) | (143,049) | (124,354) | (98,077) | (75,345) | ||
| Gross profit: | 131,833 | 133,187 | 117,572 | 90,768 | 79,596 | ||
| Operating expenses | (258,730) | (273,192) | (261,222) | (186,893) | (134,461) | ||
| Operating loss: | (126,897) | (140,005) | (143,650) | (96,125) | (54,865) | ||
| Interest and debt expense | (8,514) | (1,670) | |||||
| Loss from continuing operations before income taxes: | (126,897) | (140,005) | (143,650) | (104,639) | (56,535) | ||
| Income tax expense (benefit) | (356) | 4,280 | 6,898 | 1,194 | (142) | ||
| Loss from continuing operations: | (127,253) | (135,725) | (136,752) | (103,445) | (56,677) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (136,752) | (103,445) | (56,677) | |
| Net loss: | (127,253) | (135,725) | (136,752) | (103,445) | (56,677) | ||
| Other undisclosed net income (loss) attributable to parent | 9,106 | (1,678) | (16,458) | (11,572) | (3,419) | ||
| Net loss attributable to parent: | (118,147) | (137,403) | (153,210) | (115,017) | (60,096) | ||
| Preferred stock dividends and other adjustments | (180,826) | ||||||
| Net loss available to common stockholders, basic: | (118,147) | (137,403) | (153,210) | (115,017) | (240,922) | ||
| Other undisclosed net loss available to common stockholders, diluted | (4,668) | ||||||
| Net loss available to common stockholders, diluted: | (118,147) | (142,071) | (153,210) | (115,017) | (240,922) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (127,253) | (135,725) | (136,752) | (103,445) | (56,677) | ||
| Other comprehensive income (loss) | 681 | (581) | (128) | (11) | 73 | ||
| Comprehensive loss: | (126,572) | (136,306) | (136,880) | (103,456) | (56,604) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 9,106 | (1,678) | (16,458) | (11,572) | (3,419) | ||
| Comprehensive loss, net of tax, attributable to parent: | (117,466) | (137,984) | (153,338) | (115,028) | (60,023) | ||
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.