PowerSchool Holdings, Inc. (PWSC) Financial Statements (2024 and earlier)

Company Profile

Business Address 150 PARKSHORE DRIVE
FOLSOM, CA 95630
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments137,47186,479
Cash and cash equivalents137,47186,479
Receivables54,29648,403
Capitalized contract cost6,1034,835
Deferred costs 300 
Other undisclosed current assets30,48333,588
Total current assets:228,653173,305
Noncurrent Assets
Operating lease, right-of-use asset8,877 
Property, plant and equipment6,17315,676
Intangible assets, net (including goodwill)3,209,1543,259,601
Goodwill2,487,0072,454,692
Intangible assets, net (excluding goodwill)722,147804,909
Capitalized contract cost, net23,84318,454
Other noncurrent assets29,67727,489
Other undisclosed noncurrent assets77,01862,157
Total noncurrent assets:3,354,7423,383,377
TOTAL ASSETS:3,583,3953,556,682
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities90,14883,616
Accounts payable5,87812,449
Accrued liabilities84,27071,167
Deferred revenue310,536294,276
Debt7,7507,750
Other undisclosed current liabilities5,263 
Total current liabilities:413,697385,642
Noncurrent Liabilities
Long-term debt and lease obligation728,624733,425
Long-term debt, excluding current maturities728,624733,425
Liabilities, other than long-term debt296,769310,263
Deferred revenue5,3036,881
Deferred income tax liabilities281,314295,959
Other liabilities2,0997,423
Operating lease, liability8,053 
Other undisclosed noncurrent liabilities410,361404,394
Total noncurrent liabilities:1,435,7541,448,082
Total liabilities:1,849,4511,833,724
Equity
Equity, attributable to parent, including:1,248,6671,234,745
Additional paid in capital1,438,0191,399,967
Accumulated other comprehensive loss(2,122)(216)
Accumulated deficit(187,250)(165,026)
Other undisclosed equity, attributable to parent2020
Equity, attributable to noncontrolling interest485,277488,213
Total equity:1,733,9441,722,958
TOTAL LIABILITIES AND EQUITY:3,583,3953,556,682

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues630,683558,598
Cost of revenue
(Cost of Goods and Services Sold)
(272,347)(240,858)
Gross profit:358,336317,740
Operating expenses(352,432)(312,024)
Operating income:5,9045,716
Nonoperating income (expense)1,341644
Gain, foreign currency transaction, before tax1,100200
Interest and debt expense(40,013)(71,840)
Loss from continuing operations before equity method investments, income taxes:(32,768)(65,480)
Other undisclosed loss from continuing operations before income taxes(7,788) 
Loss from continuing operations before income taxes:(40,556)(65,480)
Income tax benefit12,81522,415
Loss from continuing operations:(27,741)(43,065)
Loss before gain (loss) on sale of properties:(43,065)
Net loss:(27,741)(43,065)
Net income attributable to noncontrolling interest6,9549,296
Net loss available to common stockholders, basic:(20,787)(33,769)
Other undisclosed net loss available to common stockholders, diluted(6,020) 
Net loss available to common stockholders, diluted:(26,807)(33,769)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(27,741)(43,065)
Comprehensive loss:(27,741)(43,065)
Comprehensive income, net of tax, attributable to noncontrolling interest38255
Other undisclosed comprehensive income, net of tax, attributable to parent5,0488,742
Comprehensive loss, net of tax, attributable to parent:(22,311)(34,268)

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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