PAR Technology Corporation (PAR) Financial Statements (2024 and earlier)

Company Profile

Business Address PAR TECHNOLOGY PARK
NEW HARTFORD, NY 13413
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3578 - Calculating and Accounting Machines, Except Electronic Computers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments110,618188,419180,68628,0363,4856,600
Cash and cash equivalents70,328188,419180,68628,0363,4856,600
Short-term investments40,290     
Receivables59,96049,97842,98041,77426,21930,077
Inventory, net of allowances, customer advances and progress billings37,59435,07821,63819,32622,73721,746
Inventory37,59435,07821,63819,32622,73721,746
Funds held for clients7,205     
Other current assets8,5729,5323,6254,4273,2514,209
Total current assets:223,949283,007248,92993,56355,69262,632
Noncurrent Assets
Operating lease, right-of-use asset 4,0614,3482,569 
Property, plant and equipment12,96113,70913,85614,35112,57510,755
Intangible assets, net (including goodwill)597,859576,06974,33574,33421,91023,121
Goodwill486,762457,30641,21441,38611,05111,051
Intangible assets, net (excluding goodwill)111,097118,76333,12132,94810,85912,070
Other noncurrent assets16,02811,0164,0604,3474,5044,307
Other undisclosed noncurrent assets   3,017 13,809
Total noncurrent assets:630,909605,14294,82096,04938,98951,992
TOTAL ASSETS:854,858888,149343,749189,61294,681114,624
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29,81443,15228,58727,33020,69724,533
Employee-related liabilities17,26513,1907,7695,9406,275
Accounts payable23,28320,84512,79116,38512,64414,332
Accrued liabilities6,5315,0422,6063,1762,1133,926
Deferred revenue10,56214,3949,50612,084
Debt 7056666307,819195
Customer advances and deposits12,909
Contract with customer, liability9,851
Other liabilities     2,550 
Other undisclosed current liabilities27,4482,2661,2002,060 950
Total current liabilities:67,82460,51739,95942,10440,91738,587
Noncurrent Liabilities
Long-term debt and lease obligation389,192308,285107,30662,414 185
Long-term debt, excluding current maturities389,192305,845105,84462,414 185
Liabilities, other than long-term debt22,64815,0028,07911,2267,8186,866
Deferred revenue5,1257,5973,0823,916
Contract with customer, liability4,407
Deferred compensation liability, classified      
Other liabilities14,6557,4054,9977,3103,4116,866
Operating lease, liability 2,8682,4401,462 
Other undisclosed noncurrent liabilities   1,021  
Total noncurrent liabilities:411,840323,287115,38574,6617,8187,051
Total liabilities:479,664383,804155,344116,76548,73545,638
Equity
Equity, attributable to parent375,194504,345188,40572,84745,94668,986
Common stock570562459367357354
Treasury stock, value(14,093)(10,945)(4,987)(6,380)(5,836)(5,836)
Additional paid in capital595,286640,937243,57594,37250,25148,349
Accumulated other comprehensive loss(1,365)(3,704)(3,936)(5,368)(4,253)(3,430)
Retained earnings (accumulated deficit)(205,204)(122,505)(46,706)(10,144)5,42729,549
Total equity:375,194504,345188,40572,84745,94668,986
TOTAL LIABILITIES AND EQUITY:854,858888,149343,749189,61294,681114,624

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues355,795282,876213,786187,232201,246232,605
Revenue, net232,605
Cost of revenue
(Cost of Goods and Services Sold)
(266,502)(220,755)(174,461)(148,758)(162,783)(179,775)
Gross profit:89,29362,12139,32538,47438,46352,830
Operating expenses(147,325)(116,002)(63,271)(51,605)(48,361)(52,951)
Operating loss:(58,032)(53,881)(23,946)(13,131)(9,898)(121)
Nonoperating income (expense)(1,224)(1,279)808(1,503)306629
Other nonoperating income (expense)   (424)306629
Interest and debt expense (11,916)(8,123)(2,000)  
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(59,256)(67,076)(31,261)(16,634)(9,592)508
Other undisclosed loss from continuing operations before income taxes(8,811)(18,147)(8,287)(2,571)(387)(121)
Income (loss) from continuing operations before income taxes:(68,067)(85,223)(39,548)(19,205)(9,979)387
Income tax expense (benefit)(1,252)9,4242,9863,634(14,143)(3,997)
Loss from continuing operations:(69,319)(75,799)(36,562)(15,571)(24,122)(3,610)
Loss before gain (loss) on sale of properties:(75,799)(36,562)(15,571)(24,122)(3,610)
Net loss:(69,319)(75,799)(36,562)(15,571)(24,122)(3,610)
Other undisclosed net income attributable to parent      224
Net loss available to common stockholders, diluted:(69,319)(75,799)(36,562)(15,571)(24,122)(3,386)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(69,319)(75,799)(36,562)(15,571)(24,122)(3,610)
Comprehensive loss:(69,319)(75,799)(36,562)(15,571)(24,122)(3,610)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,3392321,432(1,115)(823)288
Comprehensive loss, net of tax, attributable to parent:(66,980)(75,567)(35,130)(16,686)(24,945)(3,322)

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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