AppFolio, Inc. (APPF) financial statements (2022 and earlier)

Company profile

Business Address 50 CASTILIAN DRIVE
GOLETA, CA 93117
State of Incorp.
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
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 investments122,447168,51938,68990,70745,90926,17222,298
Cash and cash equivalents57,847140,26315,81374,07616,10910,69912,063
Short-term investments64,60028,25622,87616,63129,80015,47310,235
Receivables12,59510,0577,5625,5163,3872,5112,048
Capitalized contract cost6,4005,5004,8003,200
Other undisclosed current assets17,15315,27710,7408,5754,5463,5373,160
Total current assets:158,595199,35361,791107,99853,84232,22027,506
Noncurrent Assets
Operating lease, right-of-use asset41,71030,56127,803
Property, plant and equipment30,47926,43914,7446,8716,6967,0776,107
Long-term investments and receivables61,0766,77012,08911,25622,40126,68834,417
Long-term investments61,0766,77012,08911,25622,40126,68834,417
Intangible assets, net (including goodwill)67,85872,50479,80221,4438,4629,84211,253
Goodwill56,14756,14758,42515,5486,7376,7376,737
Intangible assets, net (excluding goodwill)11,71116,35721,3775,8951,7253,1054,516
Capitalized contract cost, net6,0004,8004,6004,000
Deferred income tax assets 12,18127,574
Other noncurrent assets7,0876,2136,2767,6881,2381,2171,176
Other undisclosed noncurrent assets35,21230,65925,42316,48517,60915,53910,022
Total noncurrent assets:249,422190,127198,31167,74356,40660,36362,975
TOTAL ASSETS:408,017389,480260,102175,741110,24892,58390,481
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities45,18943,09230,51822,13915,60912,53110,868
Accounts payable1,7041,0401,9271,4816109372,369
Accrued liabilities13,28414,06910,8338,2814,2894,0443,340
Employee-related liabilities30,06518,88817,75812,37710,7107,5505,159
Taxes payable1369,095     
Deferred revenue2,5122,2624,586
Debt  1,2081,213   
Deferred revenue and credits7,0807,6384,953
Contract with customer, liability3,414
Other liabilities4,9414,45111,1391,4471,2231,1921,084
Total current liabilities:52,64249,80547,45128,21323,91221,36116,905
Noncurrent Liabilities
Long-term debt and lease obligation55,73340,14680,68748,602   
Long-term debt, excluding current maturities  47,37548,602   
Operating lease, liability55,73340,14633,312
Liabilities, other than long-term debt1,67813,609147,0801,2571,540879
Deferred income tax liabilities1,67813,609 
Other liabilities  147,0801,2571,540879
Other undisclosed noncurrent liabilities583      
Total noncurrent liabilities:57,99453,75580,70155,6821,2571,540879
Total liabilities:110,636103,560128,15283,89525,16922,90117,784
Stockholders' equity
Stockholders' equity attributable to parent, including:297,381285,920131,95091,84685,07969,68272,697
Treasury stock, value(25,756)(25,756)(21,562)(21,562)   
Additional paid in capital171,930161,247161,509157,898152,531146,692141,528
Accumulated other comprehensive income (loss)(194)5633(178)(209)(51)(153)
Retained earnings (accumulated deficit)151,397150,369(8,034)(44,316)(67,247)(76,963)(68,682)
Other undisclosed stockholders' equity attributable to parent4444444
Total stockholders' equity:297,381285,920131,95091,84685,07969,68272,697
TOTAL LIABILITIES AND EQUITY:408,017389,480260,102175,741110,24892,58390,481

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues359,370310,056256,012190,071143,803105,58674,977
Revenue, net143,803105,58674,977
Cost of revenue(170,569)(328,577)(118,737)(86,903)(66,485)(52,955)(38,664)
Cost of goods and services sold(143,944)(119,029)(101,642)(73,549)(55,283)(44,630)(33,903)
Gross profit:188,801(18,521)137,275103,16877,31852,63136,313
Operating expenses(200,679)28,304(130,814)(83,512)(67,983)(61,054)(51,316)
Operating income (loss):(11,878)9,7836,46119,6569,335(8,423)(15,003)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
13,111188,89716(56)(96)(37)5
Interest and debt expense   (60)(63)(63)(800)
Income (loss) from continuing operations before equity method investments, income taxes:1,233198,6806,47719,5409,176(8,523)(15,798)
Other undisclosed income (loss) from continuing operations before income taxes501(1,849)(1,654)847598309205
Income (loss) from continuing operations before income taxes:1,734196,8314,82320,3879,774(8,214)(15,593)
Income tax expense (benefit)(706)(38,428)31,459(420)(58)(67)(75)
Net income (loss) available to common stockholders, diluted:1,028158,40336,28219,9679,716(8,281)(15,668)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,028158,40336,28219,9679,716(8,281)(15,668)
Comprehensive income (loss):1,028158,40336,28219,9679,716(8,281)(15,668)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(250)2321131(158)102(153)
Comprehensive income (loss), net of tax, attributable to parent:778158,42636,49319,9989,558(8,179)(15,821)

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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