AppFolio, Inc. (APPF) Financial Statements (2024 and earlier)

Company Profile

Business Address 70 CASTILIAN DRIVE
SANTA BARBARA, CA 93117
State of Incorp.
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)

9/30/2023
MRQ
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 investments70,769122,447168,51938,68990,70745,909
Cash and cash equivalents70,76957,847140,26315,81374,07616,109
Short-term investments  64,60028,25622,87616,63129,800
Receivables16,50312,59510,0577,5625,5163,387
Capitalized contract cost 8,1006,4005,5004,8003,200
Other undisclosed current assets106,09617,15315,27710,7408,5754,546
Total current assets:201,468158,595199,35361,791107,99853,842
Noncurrent Assets
Operating lease, right-of-use asset23,48541,71030,56127,803
Property, plant and equipment26,11030,47926,43914,7446,8716,696
Long-term investments and receivables  61,0766,77012,08911,25622,401
Long-term investments  61,0766,77012,08911,25622,401
Intangible assets, net (including goodwill)60,89367,85872,50479,80221,4438,462
Goodwill56,06056,14756,14758,42515,5486,737
Intangible assets, net (excluding goodwill)4,83311,71116,35721,3775,8951,725
Capitalized contract cost, net 7,7006,0004,8004,6004,000
Restricted cash and investments      
Deferred income tax assets   12,18127,574
Other noncurrent assets8,7857,0876,2136,2767,6881,238
Other undisclosed noncurrent assets52,77635,21230,65925,42316,48517,609
Total noncurrent assets:179,749249,422190,127198,31167,74356,406
TOTAL ASSETS:381,217408,017389,480260,102175,741110,248
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,07445,18943,09230,51822,13915,609
Taxes payable1369,095   
Employee-related liabilities30,06518,88817,75812,37710,710
Accounts payable2,4731,7041,0401,9271,481610
Accrued liabilities15,60113,28414,06910,8338,2814,289
Deferred revenue9002,5122,2624,586
Debt    1,2081,213 
Deferred revenue and credits7,080
Contract with customer, liability3,414
Other liabilities8,8934,9414,45111,1391,4471,223
Other undisclosed current liabilities33,476     
Total current liabilities:61,34352,64249,80547,45128,21323,912
Noncurrent Liabilities
Long-term debt and lease obligation  55,73340,14680,68748,602 
Long-term debt, excluding current maturities    47,37548,602 
Liabilities, other than long-term debt54,3281,67813,609147,0801,257
Deferred income tax liabilities  1,67813,609 
Other liabilities4,091  147,0801,257
Operating lease, liability50,23755,73340,14633,312
Other undisclosed noncurrent liabilities  583    
Total noncurrent liabilities:54,32857,99453,75580,70155,6821,257
Total liabilities:115,671110,636103,560128,15283,89525,169
Equity
Equity, attributable to parent, including:265,546297,381285,920131,95091,84685,079
Treasury stock, value(25,756)(25,756)(25,756)(21,562)(21,562) 
Additional paid in capital209,704171,930161,247161,509157,898152,531
Accumulated other comprehensive income (loss)(1,684)(194)5633(178)(209)
Retained earnings (accumulated deficit)83,278151,397150,369(8,034)(44,316)(67,247)
Other undisclosed equity, attributable to parent444444
Total equity:265,546297,381285,920131,95091,84685,079
TOTAL LIABILITIES AND EQUITY:381,217408,017389,480260,102175,741110,248

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues471,883359,370310,056256,012190,071143,803
Revenue, net143,803
Cost of revenue(202,679)(170,569)(328,577)(118,737)(86,903)(66,485)
Cost of goods and services sold(191,826)(143,944)(119,029)(101,642)(73,549)(55,283)
Gross profit:269,204188,801(18,521)137,275103,16877,318
Operating expenses(341,574)(200,679)28,304(130,814)(83,512)(67,983)
Operating income (loss):(72,370)(11,878)9,7836,46119,6569,335
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
4,46913,111188,89716(56)(96)
Interest and debt expense     (60)(63)
Income (loss) from continuing operations before equity method investments, income taxes:(67,901)1,233198,6806,47719,5409,176
Other undisclosed income (loss) from continuing operations before income taxes1,184501(1,849)(1,654)847598
Income (loss) from continuing operations before income taxes:(66,717)1,734196,8314,82320,3879,774
Income tax expense (benefit)(1,402)(706)(38,428)31,459(420)(58)
Income (loss) from continuing operations:(68,119)1,028158,40336,28219,9679,716
Income before gain (loss) on sale of properties:1,028158,40336,28219,9679,716
Net income (loss) attributable to parent:(68,119)1,028158,40336,28219,9679,716
Other undisclosed net loss available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:(68,119)1,028158,40336,28219,9679,716

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(68,119)1,028158,40336,28219,9679,716
Other comprehensive income      
Comprehensive income (loss):(68,119)1,028158,40336,28219,9679,716
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,490)(250)2321131(158)
Comprehensive income (loss), net of tax, attributable to parent:(69,609)778158,42636,49319,9989,558

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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