Altair Engineering Inc. (ALTR) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2412233539
Cash and cash equivalents2412233539
Receivables12511210193
Inventory, net of allowances, customer advances and progress billings 222
Inventory 222
Other undisclosed current assets21151510
Total current assets:387352154144
Noncurrent Assets
Finance lease, right-of-use asset 1
Operating lease, right-of-use asset3428
Property, plant and equipment36363031
Intangible assets, net (including goodwill)34130128087
Goodwill26423421163
Intangible assets, net (excluding goodwill)76677024
Restricted cash and investments 000
Deferred income tax assets7 
Other noncurrent assets25201717
Other undisclosed noncurrent assets 418
Total noncurrent assets:443391329144
TOTAL ASSETS:830743483288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43394031
Accounts payable9985
Employee-related liabilities35313227
Deferred revenue8675
Debt30000
Deferred revenue and credits130
Contract with customer, liability60
Other liabilities31292622
Other undisclosed current liabilities109114
Total current liabilities:201153128197
Noncurrent Liabilities
Long-term debt and lease obligation, including:189178310
Finance lease, liability01
Capital lease obligations10
Operating lease, liability2420
Other undisclosed long-term debt and lease obligation164157310
Liabilities, other than long-term debt37353527
Deferred revenue and credits10
Deferred revenue98
Contract with customer, liability7
Other liabilities27272818
Other undisclosed noncurrent liabilities2420  
Total noncurrent liabilities:2502336627
Total liabilities:451386194225
Temporary equity, carrying amount1222
Stockholders' equity
Stockholders' equity attributable to parent, including:37935528761
Additional paid in capital475447380232
Accumulated other comprehensive loss(3)(10)(11)(5)
Accumulated deficit(93)(82)(82)(166)
Other undisclosed stockholders' equity attributable to parent0000
Total stockholders' equity:37935528761
TOTAL LIABILITIES AND EQUITY:830743483288

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues470459396333
Revenue, net287
Cost of revenue(121)(133)(116)(107)
Cost of goods and services sold(121)(133)(116)(63)
Gross profit:349326280227
Operating expenses(337)(318)(256)(260)
Operating income (loss):12825(33)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
223(1)
Interest and debt expense(12)(6)(0)(2)
Income (loss) from continuing operations before income taxes:2327(36)
Income tax expense(13)(11)(13)(63)
Net income (loss) available to common stockholders, diluted:(11)(8)14(99)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(11)(8)14(99)
Other comprehensive income (loss)72(6)2
Comprehensive income (loss), net of tax, attributable to parent:(4)(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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