Altair Engineering Inc. (ALTR) Financial Statements (2024 and earlier)

Company Profile

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments316,146413,743241,221223,11735,34539,213
Cash and cash equivalents316,146413,743241,221223,11735,34539,213
Receivables181,538146,949124,614112,248101,23492,689
Inventory, net of allowances, customer advances and progress billings    2,4001,9641,980
Inventory    2,4001,9641,980
Other undisclosed current assets29,14227,52921,10014,69215,49110,006
Total current assets:526,826588,221386,935352,457154,034143,888
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    1,298✕✕
Operating lease, right-of-use asset33,60128,49433,52628,134✕✕
Property, plant and equipment37,51740,47836,33236,29730,15331,446
Intangible assets, net (including goodwill)556,657469,235340,595300,758280,36887,167
Goodwill449,048370,178264,481233,683210,53262,706
Intangible assets, net (excluding goodwill)107,60999,05776,11467,07569,83624,461
Restricted cash and investments    380340365
Deferred income tax assets9,7278,4957,125 ✕✕
Other noncurrent assets40,41028,35225,38919,70817,28817,019
Other undisclosed noncurrent assets    4,1131,0337,986
Total noncurrent assets:677,912575,054442,967390,688329,182143,983
TOTAL ASSETS:1,204,7381,163,275829,902743,145483,216287,871
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities52,89048,95443,36639,26140,09731,440
Employee-related liabilities✕✕42,30734,77230,67631,74026,560
Accounts payable10,4346,6478,5948,5858,3574,880
Accrued liabilities42,456     
Deferred revenue113,08193,16085,69175,431✕✕
Debt77199,90030,384430331232
Deferred revenue and credits✕✕✕✕✕✕130,122
Contract with customer, liability✕✕✕✕✕59,765✕
Other liabilities56,371122,22630,98228,60326,34721,744
Other undisclosed current liabilities10,3199,73810,3319,1411,21813,925
Total current liabilities:232,738473,978200,754152,866127,758197,463
Noncurrent Liabilities
Long-term debt and lease obligation, including:305,60419,550188,653178,23831,417178
Long-term debt, excluding current maturities305,604     
Capital lease obligations✕✕✕✕✕557101
Finance lease, liability   353744✕✕
Other undisclosed long-term debt and lease obligation   163,977157,32030,86077
Liabilities, other than long-term debt96,66055,76636,80234,80834,90727,287
Deferred revenue and credits✕✕✕✕✕✕9,640
Deferred revenue31,37912,8729,3888,136✕✕
Contract with customer, liability✕✕✕✕✕6,754✕
Other liabilities41,21642,89427,41426,67228,15317,647
Operating lease, liability24,06519,55024,32320,174✕✕
Other undisclosed noncurrent liabilities   24,32320,174  
Total noncurrent liabilities:402,26475,316249,778233,22066,32427,465
Total liabilities:635,002549,294450,532386,086194,082224,928
Temporary equity, carrying amount  7847842,3522,3522,352
Equity
Equity, attributable to parent, including:569,736613,197378,586354,707286,78260,591
Additional paid in capital721,307724,226474,669446,633379,832232,156
Accumulated other comprehensive loss(30,002)(8,950)(2,797)(9,528)(11,052)(5,072)
Accumulated deficit(121,577)(102,087)(93,293)(82,405)(82,005)(166,499)
Other undisclosed equity, attributable to parent887776
Total equity:569,736613,197378,586354,707286,78260,591
TOTAL LIABILITIES AND EQUITY:1,204,7381,163,275829,902743,145483,216287,871

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues572,221532,179469,921458,915396,379333,333
Revenue, net✕✕✕✕✕✕286,823
Cost of revenue(122,889)(129,666)(121,305)(132,599)(115,973)(106,591)
Cost of goods and services sold(122,889)(129,666)(121,305)(132,599)(115,973)(63,248)
Gross profit:449,332402,513348,616326,316280,406226,742
Operating expenses(456,269)(390,174)(336,903)(318,109)(255,762)(259,999)
Operating income (loss):(6,937)12,33911,7138,20724,644(33,257)
Nonoperating income (expense)(16,899)(562)1,9171,5522,580(994)
Gain (loss), foreign currency transaction, before tax(4,405)     
Other nonoperating income (expense) 4,127(562)1,9171,5522,580(994)
Interest and debt expense(4,377)(12,065)(11,598)(6,371)(200)(2,160)
Income (loss) from continuing operations before income taxes:(28,213)(288)2,0323,38827,024(36,411)
Income tax expense(15,216)(8,506)(12,532)(10,930)(13,309)(62,996)
Income (loss) from continuing operations:(43,429)(8,794)(10,500)(7,542)13,715(99,407)
Income (loss) before gain (loss) on sale of properties:✕✕(8,794)(10,500)(7,542)13,715(99,407)
Net income (loss) available to common stockholders, diluted:(43,429)(8,794)(10,500)(7,542)13,715(99,407)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(43,429)(8,794)(10,500)(7,542)13,715(99,407)
Other comprehensive income (loss)(21,052)(6,153)6,7311,762(5,980)2,192
Comprehensive income (loss), net of tax, attributable to parent:(64,481)(14,947)(3,769)(5,780)7,735(97,215)

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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