Instructure Holdings Inc. (INST) Financial Statements (2024 and earlier)

Company Profile

Business Address 6330 SOUTH 3000 EAST, SUITE 700
SALT LAKE CITY, UT 84121
State of Incorp. DE
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments341,047185,954164,928
Cash and cash equivalents341,047185,954164,928
Receivables67,19371,42851,607
Prepaid expense12,08211,12015,475
Funds held for clients   
Other current assets4,7973,1443,384
Other undisclosed current assets13,70513,39011,418
Total current assets:438,824285,036246,812
Noncurrent Assets
Operating lease, right-of-use asset9,00213,57518,175
Property, plant and equipment13,47912,38010,792
Intangible assets, net (including goodwill)1,665,0281,809,0811,823,967
Goodwill1,265,3161,266,4021,194,221
Intangible assets, net (excluding goodwill)399,712542,679629,746
Prepaid expense4,1828711,553
Deferred income tax assets   6,477
Other noncurrent assets6,9085,6225,901
Other undisclosed noncurrent assets20,55526,92420,105
Total noncurrent assets:1,719,1541,868,4531,886,970
TOTAL ASSETS:2,157,9782,153,4892,133,782
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities47,34947,27546,732
Accounts payable23,58918,79218,324
Accrued liabilities23,76028,48328,408
Deferred revenue291,784275,564240,936
Debt4,0134,0132,763
Other undisclosed current liabilities7,5137,2056,666
Total current liabilities:350,659334,057297,097
Noncurrent Liabilities
Long-term debt and lease obligation482,387486,471514,178
Long-term debt, excluding current maturities482,387486,471490,500
Liabilities, other than long-term debt39,44056,83448,122
Deferred revenue10,87613,81614,740
Deferred income tax liabilities14,42024,70229,851
Other liabilities4,8981,7063,531
Operating lease, liability9,24616,61023,678
Total noncurrent liabilities:521,827543,305562,300
Total liabilities:872,486877,362859,397
Equity
Equity, attributable to parent1,285,4921,276,1271,274,385
Common stock1,4521,4291,407
Additional paid in capital1,619,0201,575,6001,539,638
Accumulated deficit(334,980)(300,902)(266,660)
Total equity:1,285,4921,276,1271,274,385
TOTAL LIABILITIES AND EQUITY:2,157,9782,153,4892,133,782

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues530,210475,194405,361
Cost of revenue(186,315)(172,294)(169,865)
Gross profit:343,895302,900235,496
Operating expenses(347,113)(319,380)(282,444)
Operating loss:(3,218)(16,480)(46,948)
Nonoperating expense(35,118)(25,894)(75,450)
Investment income, nonoperating5,7381,67929
Interest and debt expense42,024(24,595)(22,424)
Income (loss) from continuing operations before equity method investments, income taxes:3,688(66,969)(144,822)
Other undisclosed income (loss) from continuing operations before income taxes(42,024)24,59522,424
Loss from continuing operations before income taxes:(38,336)(42,374)(122,398)
Income tax benefit4,2588,13233,719
Loss from continuing operations:(34,078)(34,242)(88,679)
Loss before gain (loss) on sale of properties:(93,279)
Loss from discontinued operations  (5,800)(4,600)
Other undisclosed net income  5,8004,600
Net loss available to common stockholders, diluted:(34,078)(34,242)(88,679)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(34,078)(34,242)(88,679)
Comprehensive loss, net of tax, attributable to parent:(34,078)(34,242)(88,679)

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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