PAR Technology Corporation (PAR) financial statements (2021 and earlier)
Company profile
| Business Address |
PAR TECHNOLOGY PARK NEW HARTFORD, NY 13413 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 3578 - Calculating and Accounting Machines, Except Electronic Computers (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 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 | 181 | 28 | 3 | 7 | 9 | 8 | 10 | ||
| Cash and cash equivalents | 181 | 28 | 3 | 7 | 9 | 8 | 10 | ||
| Receivables | 43 | 42 | 26 | 30 | 34 | 33 | 31 | ||
| Inventory, net of allowances, customer advances and progress billings | 22 | 19 | 23 | 22 | 26 | 21 | 26 | ||
| Inventory | 22 | 19 | 23 | 22 | 26 | 21 | 26 | ||
| Disposal group, including discontinued operation | 0 | ||||||||
| Other current assets | 4 | 4 | 3 | 4 | 4 | 4 | 5 | ||
| Other undisclosed current assets | 8 | 3 | 5 | ||||||
| Total current assets: | 249 | 94 | 56 | 63 | 82 | 70 | 77 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 14 | 14 | 13 | 11 | 7 | 6 | 6 | ||
| Intangible assets, net (including goodwill) | 74 | 74 | 22 | 23 | 22 | 22 | 40 | ||
| Goodwill | 41 | 41 | 11 | 11 | 11 | 11 | 17 | ||
| Intangible assets, net (excluding goodwill) | 33 | 33 | 11 | 12 | 11 | 11 | 23 | ||
| Other noncurrent assets | 4 | 4 | 5 | 4 | 4 | 4 | 3 | ||
| Other undisclosed noncurrent assets | 3 | 14 | 10 | 14 | 11 | ||||
| Total noncurrent assets: | 95 | 96 | 39 | 52 | 42 | 46 | 61 | ||
| TOTAL ASSETS: | 344 | 190 | 95 | 115 | 125 | 115 | 137 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 29 | 27 | 21 | 25 | 27 | 24 | 33 | ||
| Accounts payable | 13 | 16 | 13 | 14 | 17 | 12 | 20 | ||
| Accrued liabilities | 3 | 3 | 2 | 4 | 5 | 7 | 7 | ||
| Employee-related liabilities | 13 | 8 | 6 | 6 | 5 | 6 | 6 | ||
| Taxes payable | 0 | 0 | |||||||
| Deferred revenue | 10 | 12 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 1 | 1 | 8 | 0 | 0 | 2 | 3 | ||
| Disposal group, including discontinued operation | 0 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 11 | 13 | ||||
| Customer advances and deposits | ✕ | ✕ | ✕ | 13 | 20 | 0 | 2 | ||
| Contract with customer, liability | ✕ | ✕ | 10 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 3 | ||||||||
| Other undisclosed current liabilities | 1 | 2 | 1 | 5 | |||||
| Total current liabilities: | 40 | 42 | 41 | 39 | 47 | 38 | 56 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 107 | 62 | 0 | 0 | 1 | 3 | |||
| Long-term debt, excluding current maturities | 106 | 62 | 0 | 0 | 1 | 3 | |||
| Operating lease, liability | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 8 | 11 | 8 | 7 | 8 | 9 | 9 | ||
| Deferred revenue | 3 | 4 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | 4 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 5 | 7 | 3 | 7 | 8 | 9 | 9 | ||
| Other undisclosed noncurrent liabilities | 1 | ||||||||
| Total noncurrent liabilities: | 115 | 75 | 8 | 7 | 8 | 9 | 11 | ||
| Total liabilities: | 155 | 117 | 49 | 46 | 55 | 47 | 68 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 188 | 73 | 46 | 69 | 70 | 68 | 70 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (5) | (6) | (6) | (6) | (6) | (6) | (6) | ||
| Additional paid in capital | 244 | 94 | 50 | 48 | 46 | 46 | 45 | ||
| Accumulated other comprehensive loss | (4) | (5) | (4) | (3) | (3) | (3) | (1) | ||
| Retained earnings (accumulated deficit) | (47) | (10) | 5 | 30 | 32 | 31 | 31 | ||
| Total stockholders' equity: | 188 | 73 | 46 | 69 | 70 | 68 | 70 | ||
| TOTAL LIABILITIES AND EQUITY: | 344 | 190 | 95 | 115 | 125 | 115 | 137 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 214 | 187 | 201 | 233 | 230 | 229 | 234 | |
| Revenue, net | ✕ | ✕ | ✕ | 233 | 230 | 229 | 234 | |
| Cost of revenue (Cost of Goods and Services Sold) | (174) | (149) | (163) | (180) | (183) | (183) | (182) | |
| Gross profit: | 39 | 38 | 38 | 53 | 46 | 46 | 51 | |
| Operating expenses | (63) | (52) | (48) | (53) | (44) | (40) | (54) | |
| Operating income (loss): | (24) | (13) | (10) | (0) | 2 | 7 | (2) | |
| Nonoperating income (expense) | 1 | (2) | 0 | 1 | 1 | (1) | 0 | |
| Investment income, nonoperating | (1) | 0 | ||||||
| Foreign currency transaction loss, before tax | (0) | (0) | ||||||
| Other nonoperating income (expense) | (0) | 0 | 1 | 1 | (1) | 0 | ||
| Interest and debt expense | (8) | (2) | (0) | (0) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (31) | (17) | (10) | 1 | 4 | 6 | (2) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (8) | (3) | (0) | (0) | 0 | |||
| Income (loss) from continuing operations before income taxes: | (40) | (19) | (10) | 0 | 4 | 6 | (2) | |
| Income tax expense (benefit) | 3 | 4 | (14) | (4) | (1) | (2) | (2) | |
| Income (loss) from continuing operations: | (37) | (16) | (24) | (4) | 3 | 4 | (4) | |
| Income from discontinued operations | 0 | |||||||
| Net income (loss): | (37) | (16) | (24) | (4) | 3 | 4 | (4) | |
| Other undisclosed net income (loss) attributable to parent | 0 | (1) | (5) | (0) | ||||
| Net income (loss) available to common stockholders, diluted: | (37) | (16) | (24) | (3) | 2 | (1) | (4) | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (37) | (16) | (24) | (4) | 3 | 4 | (4) | |
| Other comprehensive loss | (1) | (1) | (0) | |||||
| Comprehensive income (loss): | (37) | (16) | (24) | (4) | 2 | 3 | (4) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | (1) | (1) | 0 | (0) | (5) | (0) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (35) | (17) | (25) | (3) | 1 | (2) | (4) | |
Statements sources
The financial statements are based on the company's filings with the 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.