SPS Commerce, Inc. (SPSC) financial statements (2021 and earlier)

Company profile

Business Address 333 SOUTH SEVENTH STREET
MINNEAPOLIS, MN 55402
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments187214178163139129
Cash and cash equivalents150179134123116122
Short-term investments38344540238
Receivables343227252118
Deferred costs383535251915
Other current assets12119675
Total current assets:271292250219186167
Noncurrent Assets
Operating lease, right-of-use asset1616
Property, plant and equipment262421171514
Long-term investments and receivables3  5715
Long-term investments3  5715
Intangible assets, net (including goodwill)19510092687049
Goodwill1357770525034
Intangible assets, net (excluding goodwill)602323172015
Deferred costs131211765
Deferred income tax assets01
Other noncurrent assets332221
Other undisclosed noncurrent assets 110181211
Total noncurrent assets:25515613711611295
TOTAL ASSETS:526447386336298262
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities393329252015
Accounts payable544422
Accrued liabilities1165542
Employee-related liabilities232220161411
Deferred revenue3831
Debt 4    
Deferred rent credit  2
Deferred revenue and credits18139
Contract with customer, liability25
Other undisclosed current liabilities3     
Total current liabilities:806857433224
Noncurrent Liabilities
Long-term debt and lease obligation2020    
Operating lease, liability2020
Liabilities, other than long-term debt6311161715
Deferred revenue and credits141515
Deferred revenue33
Contract with customer, liability3
Deferred rent credit  5
Deferred tax liabilities, net122 
Deferred income tax liabilities3 
Other liabilities 01   
Other undisclosed noncurrent liabilities 1    
Total noncurrent liabilities:262511161715
Total liabilities:1069367594940
Stockholders' equity
Stockholders' equity attributable to parent421355319277249222
Common stock000000
Treasury stock, value(65)(46)(26)(6)  
Additional paid in capital393354333302286265
Accumulated other comprehensive income (loss)(1)(2)(3)1(3)(4)
Retained earnings (accumulated deficit)934915(20)(34)(39)
Total stockholders' equity:421355319277249222
TOTAL LIABILITIES AND EQUITY:526447386336298262

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues313279248221193159
Cost of revenue(100)(92)(82)(74)(64)(50)
Gross profit:213187166147129108
Operating expenses(163)(148)(140)(139)(121)(101)
Operating income:503827887
Nonoperating income342110
Other nonoperating income (expense)10(1)(0)1(0)
Income from continuing operations before income taxes:534228997
Income tax expense(7)(8)(4)(12)(3)(2)
Net income (loss) available to common stockholders, diluted:463424(2)65

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):463424(2)65
Other comprehensive income (loss)11(4)4  
Comprehensive income:473520265
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)00  
Comprehensive income, net of tax, attributable to parent:473520265

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.

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