Altair Engineering Inc. (ALTR) financial statements (2020 and earlier)

Company profile

Business Address 1820 E. BIG BEAVER ROAD
TROY, MI 48083
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)

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2233539
Cash and cash equivalents2233539
Receivables11210193
Inventory, net of allowances, customer advances and progress billings222
Inventory222
Other undisclosed current assets151510
Total current assets:352154144
Noncurrent Assets
Finance lease, right-of-use asset1
Operating lease, right-of-use asset28
Property, plant and equipment363031
Intangible assets, net (including goodwill)30128087
Goodwill23421163
Intangible assets, net (excluding goodwill)677024
Restricted cash and investments000
Other noncurrent assets201717
Other undisclosed noncurrent assets418
Total noncurrent assets:391329144
TOTAL ASSETS:743483288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities394031
Accounts payable985
Employee-related liabilities313227
Deferred revenue75
Debt000
Deferred revenue and credits130
Contract with customer, liability60
Other liabilities292622
Other undisclosed current liabilities9114
Total current liabilities:153128197
Noncurrent Liabilities
Long-term debt and lease obligation, including:178310
Finance lease, liability1
Capital lease obligations10
Operating lease, liability20
Other undisclosed long-term debt and lease obligation157310
Liabilities, other than long-term debt353527
Deferred revenue and credits10
Deferred revenue8
Contract with customer, liability7
Other liabilities272818
Other undisclosed noncurrent liabilities20  
Total noncurrent liabilities:2336627
Total liabilities:386194225
Temporary equity, carrying amount222
Stockholders' equity
Stockholders' equity attributable to parent, including:35528761
Additional paid in capital447380232
Accumulated other comprehensive loss(10)(11)(5)
Accumulated deficit(82)(82)(166)
Other undisclosed stockholders' equity attributable to parent000
Total stockholders' equity:35528761
TOTAL LIABILITIES AND EQUITY:743483288

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

12/31/2019
12/31/2018
12/31/2017
Revenues459396333
Revenue, net287
Cost of revenue(133)(116)(107)
Cost of goods and services sold(133)(116)(63)
Gross profit:326280227
Operating expenses(318)(256)(260)
Operating income (loss):825(33)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
23(1)
Interest and debt expense(6)(0)(2)
Income (loss) from continuing operations before income taxes:327(36)
Income tax expense(11)(13)(63)
Net income (loss) available to common stockholders, diluted:(8)14(99)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income (loss):(8)14(99)
Other comprehensive income (loss)2(6)2
Comprehensive income (loss), net of tax, attributable to parent:(6)8(97)

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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