Medidata Solutions, Inc. (MDSO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
350 HUDSON ST., 9TH FLOOR NEW YORK, NY 10014 |
| 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)
| 6/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 105,440 | 484,292 | 374,804 | 269,688 | 272,801 | 241,220 | |||
| Cash and cash equivalents | 105,440 | 237,325 | 93,519 | 49,562 | 39,517 | 22,328 | |||
| Short-term investments | 246,967 | 281,285 | 220,126 | 233,284 | 218,892 | ||||
| Restricted cash and investments | 200 | 200 | |||||||
| Receivables | 170,744 | 110,685 | 115,216 | 90,590 | 68,475 | 45,534 | |||
| Prepaid expense | 22,247 | 5,352 | |||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 13,511 | ||
| Other undisclosed current assets | 164,054 | 37,287 | 28,760 | 22,723 | 16,376 | 4,280 | |||
| Total current assets: | 462,485 | 637,616 | 518,780 | 383,201 | 357,852 | 304,545 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 98,983 | 88,091 | 58,461 | 51,043 | 38,579 | 41,229 | |||
| Long-term investments and receivables | 179,041 | 140,418 | 209,041 | 183,842 | 195,105 | ||||
| Long-term investments | 179,041 | 140,418 | 209,041 | 183,842 | 195,105 | ||||
| Intangible assets, net (including goodwill) | 245,563 | 65,022 | 35,870 | 19,969 | 20,841 | 16,391 | |||
| Goodwill | 216,017 | 47,435 | 30,780 | 18,797 | 19,025 | 15,487 | |||
| Intangible assets, net (excluding goodwill) | 29,546 | 17,587 | 5,090 | 1,172 | 1,816 | 904 | |||
| Regulated entity, other noncurrent assets | 2,023 | 3,300 | 4,600 | 5,900 | |||||
| Restricted cash and investments | 7,205 | 5,518 | 5,760 | 5,755 | 5,118 | 5,118 | |||
| Other noncurrent assets | 52,994 | 29,979 | 18,181 | 6,344 | 7,919 | ||||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10,620 | ||
| Other undisclosed noncurrent assets | 45,982 | 40,847 | 38,392 | 8,828 | 3,466 | (5,555) | |||
| Total noncurrent assets: | 450,727 | 408,498 | 299,105 | 304,280 | 264,365 | 268,808 | |||
| TOTAL ASSETS: | 913,212 | 1,046,114 | 817,885 | 687,481 | 622,217 | 573,353 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 96,239 | 73,587 | 56,420 | 45,496 | 31,950 | 47,562 | |||
| Employee-related liabilities | 51,270 | 32,537 | 29,260 | 23,744 | 15,574 | 27,773 | |||
| Accounts payable | 7,482 | 5,009 | 6,202 | 6,283 | 3,738 | 7,524 | |||
| Accrued liabilities | 37,487 | 36,041 | 20,958 | 15,469 | 12,638 | 12,265 | |||
| Debt | 278,094 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | 77,434 | 75,911 | 75,582 | 62,890 | 52,628 | ||
| Deferred tax liabilities | 1,782 | ||||||||
| Other undisclosed current liabilities | 74,463 | (1,782) | |||||||
| Total current liabilities: | 170,702 | 429,115 | 132,331 | 121,078 | 94,840 | 100,190 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 88,366 | 92,841 | 263,401 | 252,788 | 240,886 | 229,705 | |||
| Long-term debt, excluding current maturities | 88,366 | 92,841 | 263,401 | 252,788 | 240,886 | 229,705 | |||
| Liabilities, other than long-term debt | 18,853 | 26,726 | 20,163 | 29,459 | 21,792 | 17,645 | |||
| Deferred revenue and credits | ✕ | ✕ | 5,256 | 1,703 | 2,993 | 1,374 | 1,430 | ||
| Deferred tax liabilities, net | 99 | 99 | 322 | 414 | 238 | 5,651 | |||
| Other liabilities | 18,754 | 21,371 | 18,138 | 26,052 | 20,180 | 10,564 | |||
| Other undisclosed noncurrent liabilities | 3,843 | ||||||||
| Total noncurrent liabilities: | 111,062 | 119,567 | 283,564 | 282,247 | 262,678 | 247,350 | |||
| Total liabilities: | 281,764 | 548,682 | 415,895 | 403,325 | 357,518 | 347,540 | |||
| Equity | |||||||||
| Equity, attributable to parent | 631,448 | 497,432 | 401,990 | 284,156 | 264,699 | 225,813 | |||
| Common stock | 661 | 628 | 614 | 594 | 563 | 550 | |||
| Treasury stock, value | (152,849) | (132,705) | (114,204) | (100,806) | (45,049) | (26,414) | |||
| Additional paid in capital | 574,667 | 486,147 | 418,497 | 364,973 | 301,465 | 248,336 | |||
| Accumulated other comprehensive loss | (4,869) | (3,377) | (5,276) | (3,404) | (1,912) | (199) | |||
| Retained earnings | 213,838 | 146,739 | 102,359 | 22,799 | 9,632 | 3,540 | |||
| Total equity: | 631,448 | 497,432 | 401,990 | 284,156 | 264,699 | 225,813 | |||
| TOTAL LIABILITIES AND EQUITY: | 913,212 | 1,046,114 | 817,885 | 687,481 | 622,217 | 573,353 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 635,696 | 545,532 | 463,381 | 392,506 | 335,071 | 276,849 | ||
| Revenue, net | ✕ | ✕ | 546,532 | 464,381 | 393,206 | 335,771 | 277,549 | |
| Cost of revenue | (159,159) | (126,793) | (112,609) | (89,788) | (84,920) | (69,909) | ||
| Cost of goods and services sold | (126,793) | (112,609) | (89,788) | (84,920) | (69,909) | |||
| Gross profit: | 476,537 | 418,739 | 350,772 | 302,718 | 250,151 | 206,940 | ||
| Operating expenses | (425,220) | (354,391) | (300,563) | (273,486) | (230,087) | (183,052) | ||
| Operating income: | 51,317 | 64,348 | 50,209 | 29,232 | 20,064 | 23,888 | ||
| Nonoperating expense | (1,179) | (12,121) | (12,895) | (13,457) | (13,550) | (5,506) | ||
| Investment income, nonoperating | 7,435 | 5,717 | 4,382 | 2,799 | 1,814 | 555 | ||
| Other nonoperating income (expense) | 7,241 | (73) | 11 | (64) | 4 | (136) | ||
| Interest and debt expense | (15,855) | (17,765) | (17,288) | (16,192) | (15,368) | (5,925) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 34,283 | 34,462 | 20,026 | (417) | (8,854) | 12,457 | ||
| Other undisclosed income from continuing operations before income taxes | 15,855 | 17,765 | 17,288 | 16,192 | 15,368 | 5,925 | ||
| Income from continuing operations before income taxes: | 50,138 | 52,227 | 37,314 | 15,775 | 6,514 | 18,382 | ||
| Income tax expense (benefit) | 1,783 | (7,847) | (8,331) | (2,608) | (422) | (1,721) | ||
| Income from continuing operations: | 51,921 | 44,380 | 28,983 | 13,167 | 6,092 | 16,661 | ||
| Income before gain (loss) on sale of properties: | 51,921 | 44,380 | 28,983 | 13,167 | 6,092 | 16,661 | ||
| Net income available to common stockholders, diluted: | 51,921 | 44,380 | 28,983 | 13,167 | 6,092 | 16,661 | ||
Comprehensive Income ($ in thousands)
| 6/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 51,921 | 44,380 | 28,983 | 13,167 | 6,092 | 16,661 | ||
| Other comprehensive income (loss) | (1,492) | 1,899 | (1,872) | (1,492) | (1,713) | (136) | ||
| Comprehensive income, net of tax, attributable to parent: | 50,429 | 46,279 | 27,111 | 11,675 | 4,379 | 16,525 | ||
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.