Bankrate Inc (RATE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1675 BROADWAY
NEW YORK, NY 10019
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 176,680236,866141,725230,07183,590
Cash and cash equivalents 176,680236,866141,725230,07183,590
Receivables 52,21156,14870,86561,96252,598
Prepaid expense 6,35821,72827,4561,733
Disposal group, including discontinued operation  1,1571,627  
Prepaid expense and other current assets13,691
Income taxes receivable 11,316
Deferred tax assets   6,4077,155 
Other current assets 7,1635,9328,1968,003
Other undisclosed current assets 28,520   (7,553)
Total current assets: 270,932321,831256,276308,924153,642
Noncurrent Assets
Property, plant and equipment 15,4409,60813,29912,93010,024
Intangible assets, net (including goodwill) 791,924773,302980,355962,181984,905
Goodwill 599,805567,544641,367611,975602,173
Intangible assets, net (excluding goodwill) 192,119205,758338,988350,206382,732
Disposal group, including discontinued operation, noncurrent assets  589 
Other noncurrent assets 5,56428,05513,49912,776
Prepaid expense and other noncurrent assets11,579
Deferred tax assets, net  (7,552)(51,633)(51,699)(64,482)
Other undisclosed noncurrent assets  6,96351,63351,69964,482
Total noncurrent assets: 812,928810,9651,007,153987,8871,006,508
TOTAL ASSETS: 1,083,8601,132,7961,263,4291,296,8111,160,150
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 45,96542,54670,76068,60230,260
Interest and dividends payable 6,8876,8906,980  
Taxes payable   1,55112,537 
Employee-related liabilities   8,1528,370 
Accounts payable 11,19110,0828,0477,1498,227
Accrued liabilities 27,88725,57446,03040,54622,033
Debt   1713039
Disposal group, including discontinued operation  1,3931,074  
Deferred revenue and credits 1,3691,3674,3033,7923,861
Deferred tax liabilities     923
Other liabilities 6,51114,66013,62924,5956,399
Other undisclosed current liabilities   (9,720)(13,658)9,626
Total current liabilities: 53,84559,96680,06383,46151,108
Noncurrent Liabilities
Long-term debt and lease obligation 295,721298,212297,598297,037193,976
Long-term debt, excluding current maturities 295,721298,212297,598297,021193,943
Capital lease obligations    1633
Liabilities, other than long-term debt 44,91613,42367,88487,986131,309
Deferred compensation liability, classified   228222194
Deferred tax liabilities, net 5,1187,55251,63351,69999,097
Liability for uncertainty in income taxes   5,17410,3979,552
Other liabilities 39,7985,87110,84925,66822,466
Other undisclosed noncurrent liabilities   (5,402)(10,635)(44,394)
Total noncurrent liabilities: 340,637311,635360,080374,388280,891
Total liabilities: 394,482371,601440,143457,849331,999
Equity
Equity, attributable to parent 689,378761,195823,286838,962828,151
Common stock 1,0321,0391,0471,0171,000
Treasury stock, value (142,983)(88,616)(46,494)(591)(591)
Additional paid in capital 903,177886,261892,738864,152843,393
Accumulated other comprehensive loss (729)(504)(366)(350)(387)
Accumulated deficit (71,119)(36,985)(23,639)(25,266)(15,264)
Total equity: 689,378761,195823,286838,962828,151
TOTAL LIABILITIES AND EQUITY: 1,083,8601,132,7961,263,4291,296,8111,160,150

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

6/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 434,161370,534544,943457,432457,164
Cost of revenue (227,546)(171,794)(322,080)(151,050)(146,357)
Gross profit: 206,615198,740222,863306,382310,807
Operating expenses (219,113)(149,155)(510,384)(279,667)(250,853)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
   (1,403)  
Other undisclosed operating income 6,481421323,483  
Operating income (loss): (6,017)50,00634,55926,71559,954
Interest and debt expense (19,677)(22,238)(20,831)(42,156)(25,771)
Other undisclosed income from continuing operations before equity method investments, income taxes     2,645
Income (loss) from continuing operations before income taxes: (25,694)27,76813,728(15,441)36,828
Income tax expense (benefit) (8,344)(10,115)(7,635)5,439(7,497)
Income (loss) from continuing operations: (34,038)17,6536,093(10,002)29,331
Income (loss) before gain (loss) on sale of properties: (34,134)(21,912)5,172(10,002)29,331
Extraordinary item, loss (23,586)
Loss from discontinued operations (96)(39,565)(921)  
Net income (loss): (34,134)(21,912)(18,414)(10,002)29,331
Other undisclosed net income attributable to parent  8,56623,586  
Net income (loss) available to common stockholders, diluted: (34,134)(13,346)5,172(10,002)29,331

Comprehensive Income ($ in thousands)

6/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): (34,134)(21,912)(18,414)(10,002)29,331
Other comprehensive income (loss) (225)(138)(173)37 
Comprehensive income (loss): (34,359)(22,050)(18,587)(9,965)29,331
Other undisclosed comprehensive income, net of tax, attributable to parent  8,56623,586 353
Comprehensive income (loss), net of tax, attributable to parent: (34,359)(13,484)4,999(9,965)29,684

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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