TaskUs Inc. (TASK) Financial Statements (2024 and earlier)

Company Profile

Business Address 1650 INDEPENDENCE DRIVE
NEW BRAUNFELS, TX 78132
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)

12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments133,99263,584
Cash and cash equivalents133,99263,584
Receivables182,940167,355
Prepaid expense 18,99310,939
Other current assets 5,5004,428
Other undisclosed current assets  
Total current assets:341,425246,306
Noncurrent Assets
Operating lease, right-of-use asset41,510 
Property, plant and equipment75,05380,046
Intangible assets, net (including goodwill)430,375417,183
Goodwill217,382195,735
Intangible assets, net (excluding goodwill)212,993221,448
Deferred income tax assets6,1651,441
Other noncurrent assets7,4875,022
Total noncurrent assets:560,590503,692
TOTAL ASSETS:902,015749,998
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:37,06240,890
Taxes payable2,416
Employee-related liabilities36,670
Accrued liabilities54,393 
Other undisclosed accounts payable and accrued liabilities(17,331)1,804
Deferred revenue3,4814,095
Debt3,33451,135
Deferred rent credit  735
Other undisclosed current liabilities66,00739,086
Total current liabilities:109,884135,941
Noncurrent Liabilities
Long-term debt and lease obligation264,225187,240
Long-term debt, excluding current maturities264,225187,240
Liabilities, other than long-term debt69,47545,870
Accounts payable and accrued liabilities2,2932,886
Deferred rent credit  2,749
Deferred income tax liabilities34,51440,235
Other liabilities288 
Operating lease, liability32,380 
Other undisclosed noncurrent liabilities2,8181,813
Total noncurrent liabilities:336,518234,923
Total liabilities:446,402370,864
Equity
Equity, attributable to parent, including:455,613379,134
Treasury stock, value(30,967) 
Additional paid in capital631,908556,418
Accumulated other comprehensive loss(10,647)(2,163)
Accumulated deficit(135,674)(176,096)
Other undisclosed equity, attributable to parent993975
Total equity:455,613379,134
TOTAL LIABILITIES AND EQUITY:902,015749,998

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

12/31/2023
12/31/2022
12/31/2021
Revenues960,489760,703
Cost of revenue(594,930)(459,716)
Cost of goods and services sold(558,761)(431,736)
Gross profit:365,559300,987
Operating expenses(281,662)(355,269)
Operating income (loss):83,897(54,282)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(7,443)(177)
Interest and debt expense(11,921)(6,504)
Income (loss) from continuing operations before income taxes:64,533(60,963)
Income tax expense (benefit)(24,111)2,265
Income (loss) from continuing operations:40,422(58,698)
Loss before gain (loss) on sale of properties:(58,698)
Net income (loss) available to common stockholders, diluted:40,422(58,698)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Net income (loss):40,422(58,698)
Comprehensive income (loss):40,422(58,698)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(8,484)(5,579)
Comprehensive income (loss), net of tax, attributable to parent:31,938(64,277)

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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