PROS Holdings, Inc. (PRO) Financial Statements (2023 and earlier)

Company Profile

Business Address 3200 KIRBY DR.
HOUSTON, TX 77098
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2023
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 investments203,627227,553329,134306,077295,476160,505
Cash and cash equivalents203,627227,553329,134306,077295,476160,505
Receivables48,17840,58153,70065,28842,80033,244
Deferred costs6,0325,7725,9415,7564,089 
Other undisclosed current assets9,4419,6235,5258,8243,7788,307
Total current assets:267,278283,529394,300385,945346,143202,056
Noncurrent Assets
Operating lease, right-of-use asset17,47425,73230,68926,550
Property, plant and equipment25,01230,95836,50414,79414,67614,007
Intangible assets, net (including goodwill)125,412135,75158,38563,70957,58565,387
Goodwill107,561108,13350,04449,10438,23138,458
Intangible assets, net (excluding goodwill)17,85127,6188,34114,60519,35426,929
Deferred costs8,7649,51012,54415,47813,373 
Other noncurrent assets9,0129,0037,5496,8315,1907,233
Total noncurrent assets:185,674210,954145,671127,36290,82486,627
TOTAL ASSETS:452,952494,483539,971513,307436,967288,683
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,81848,65942,82564,50238,95926,421
Employee-related liabilities31,99425,51432,65622,51916,712
Accounts payable7,9644,0344,2469,0986,9342,976
Accrued liabilities12,85412,63113,06522,7489,5066,733
Deferred revenue108,65997,71399,156124,459
Debt   7,173136,529 
Deferred revenue and credits99,26275,604
Other undisclosed current liabilities31,4598,4575,937   
Total current liabilities:160,936154,829147,918196,134274,750102,025
Noncurrent Liabilities
Long-term debt and lease obligation289,779326,321262,127133,09588,661213,203
Long-term debt, excluding current maturities289,779288,287218,028110,70488,661213,203
Liabilities, other than long-term debt37,7109,74912,88919,08218,65720,434
Deferred revenue and credits17,90319,591
Deferred revenue8,2988,55311,37217,801
Other liabilities1,2281,1961,5171,281754843
Operating lease, liability28,18438,03444,09922,391
Total noncurrent liabilities:327,489336,070275,016152,177107,318233,637
Total liabilities:488,425490,899422,934348,311382,068335,662
Equity
Equity, attributable to parent(35,473)3,584117,037164,99654,899(46,979)
Common stock504948474236
Treasury stock, value(29,847)(29,847)(29,847)(29,847)(13,938)(13,938)
Additional paid in capital590,475546,693589,040560,496364,877207,924
Accumulated other comprehensive loss(5,253)(4,659)(3,431)(3,911)(3,374)(2,816)
Accumulated deficit(590,898)(508,652)(438,773)(361,789)(292,708)(238,185)
Total equity:(35,473)3,584117,037164,99654,899(46,979)
TOTAL LIABILITIES AND EQUITY:452,952494,483539,971513,307436,967288,683

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

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues276,137251,423252,424250,334197,024168,816
Revenue, net132,26499,408
Cost of revenue
(Cost of Goods and Services Sold)
(110,080)(104,925)(104,633)(99,117)(77,179)(68,566)
Gross profit:166,057146,498147,791151,217119,845100,250
Operating expenses(244,151)(220,841)(213,871)(204,555)(169,060)(165,193)
Operating loss:(78,094)(74,343)(66,080)(53,338)(49,215)(64,943)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3,084308897(354)2,155384
Interest and debt expense(6,304)(6,304)(11,125)(5,660)(16,986)(13,218)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (9,105)  
Loss from continuing operations before income taxes:(81,314)(80,339)(76,308)(68,457)(64,046)(77,777)
Income tax expense(932)(870)(676)(624)(200)(149)
Loss from continuing operations:(82,246)(81,209)(76,984)(69,081)(64,246)(77,926)
Loss before gain (loss) on sale of properties:(81,209)(76,984)(69,081)(64,246)(77,926)
Net loss available to common stockholders, diluted:(82,246)(81,209)(76,984)(69,081)(64,246)(77,926)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(82,246)(81,209)(76,984)(69,081)(64,246)(77,926)
Other comprehensive income (loss)(594)(1,228)480(537)(558)2,094
Comprehensive loss, net of tax, attributable to parent:(82,840)(82,437)(76,504)(69,618)(64,804)(75,832)

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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