InnerWorkings, Inc. (INWK) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
203 NORTH LASALLE CHICAGO, IL 60601 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 43 | 27 | 31 | 31 | 31 | 23 | ||
| Cash and cash equivalents | 43 | 27 | 31 | 31 | 31 | 23 | ||
| Receivables | 279 | 240 | 255 | 216 | 220 | 211 | ||
| Inventory, net of allowances, customer advances and progress billings | 35 | 56 | 41 | 32 | 33 | 27 | ||
| Inventory | 35 | 56 | 41 | 32 | 33 | 27 | ||
| Prepaid expense | 11 | 17 | 19 | 19 | 14 | 13 | ||
| Other current assets | 7 | 34 | 38 | 25 | 32 | 29 | ||
| Other undisclosed current assets | 2 | |||||||
| Total current assets: | 375 | 374 | 383 | 322 | 330 | 304 | ||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 51 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 37 | 83 | 37 | 33 | 33 | 30 | ||
| Intangible assets, net (including goodwill) | 160 | 162 | 228 | 234 | 244 | 292 | ||
| Goodwill | 152 | 152 | 200 | 203 | 206 | 247 | ||
| Intangible assets, net (excluding goodwill) | 8 | 10 | 28 | 32 | 38 | 45 | ||
| Deferred income tax assets | 2 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 4 | 3 | 2 | 1 | 1 | 1 | ||
| Other undisclosed noncurrent assets | 1 | 1 | 1 | 1 | 4 | |||
| Total noncurrent assets: | 255 | 249 | 267 | 269 | 279 | 327 | ||
| TOTAL ASSETS: | 629 | 623 | 650 | 591 | 608 | 631 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 193 | 194 | 176 | 151 | 182 | 154 | ||
| Accounts payable | 142 | 158 | 141 | 121 | 170 | 144 | ||
| Accrued liabilities | 51 | 35 | 34 | 30 | 12 | 10 | ||
| Deferred revenue | 10 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 143 | |||||||
| Business combination, contingent consideration, liability | 11 | 24 | ||||||
| Deferred revenue and credits | ✕ | ✕ | 18 | |||||
| Deferred tax liabilities | ✕ | 0 | ||||||
| Other liabilities | 36 | 26 | 24 | 35 | 31 | 31 | ||
| Other undisclosed current liabilities | 8 | 18 | 19 | 1 | (14) | |||
| Total current liabilities: | 246 | 381 | 217 | 206 | 225 | 194 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 46 | 128 | 107 | 99 | 105 | |||
| Long-term debt, excluding current maturities | 128 | 107 | 99 | 105 | ||||
| Finance lease, liability | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 46 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 9 | 51 | 7 | 2 | 3 | 30 | ||
| Deferred tax liabilities, net | ✕ | 27 | ||||||
| Deferred income tax liabilities | 8 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 1 | 51 | 7 | 2 | 3 | 3 | ||
| Other undisclosed noncurrent liabilities | 149 | 8 | 12 | 11 | 24 | 7 | ||
| Total noncurrent liabilities: | 205 | 59 | 148 | 121 | 125 | 141 | ||
| Total liabilities: | 451 | 440 | 365 | 326 | 350 | 335 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 178 | 183 | 285 | 265 | 258 | 296 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (81) | (81) | (56) | (49) | (52) | (50) | ||
| Additional paid in capital | 245 | 240 | 2 | 224 | 214 | 207 | ||
| Accumulated other comprehensive loss | (22) | (24) | (19) | (21) | (14) | (5) | ||
| Retained earnings | 37 | 49 | 124 | 110 | 111 | 144 | ||
| Other undisclosed stockholders' equity attributable to parent | 233 | |||||||
| Total stockholders' equity: | 178 | 183 | 285 | 265 | 258 | 296 | ||
| TOTAL LIABILITIES AND EQUITY: | 629 | 623 | 650 | 591 | 608 | 631 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,158 | 1,122 | 1,138 | 1,091 | 1,029 | 1,000 | |
| Cost of revenue (Cost of Goods and Services Sold) | (896) | (866) | (863) | (827) | (789) | (771) | |
| Gross profit: | 262 | 255 | 275 | 264 | 240 | 229 | |
| Operating expenses | (239) | (304) | (241) | (228) | (214) | (220) | |
| Other operating income, net | 38 | ||||||
| Other undisclosed operating income (loss) | (12) | 5 | |||||
| Operating income (loss): | 11 | (49) | 35 | 36 | 27 | 52 | |
| Nonoperating expense | (3) | (9) | (6) | (4) | (8) | (5) | |
| Foreign currency transaction loss, before tax | (1) | ||||||
| Other nonoperating expense | (4) | (2) | (2) | (0) | (3) | (1) | |
| Interest and debt expense | (14) | (8) | (5) | (4) | (5) | (4) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (10) | 4 | (12) | (34) | 4 | ||
| Income (loss) from continuing operations before income taxes: | (6) | (77) | 28 | 15 | (20) | 47 | |
| Income tax expense (benefit) | (4) | 0 | (11) | (11) | (13) | (2) | |
| Net income (loss) available to common stockholders, diluted: | (10) | (76) | 16 | 4 | (32) | 44 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (10) | (76) | 16 | 4 | (32) | 44 | |
| Other comprehensive income (loss) | 2 | (5) | 2 | (7) | (9) | (8) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (8) | (81) | 18 | (2) | (41) | 36 | |
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.