Appian Corporation (APPN) financial statements (2022 and earlier)

Company profile

Business Address 7950 JONES BRANCH DRIVE
TYSONS, VA 22102
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments155,975222,288159,75594,93073,758
Cash and cash equivalents100,796112,462159,75594,93073,758
Short-term investments55,179109,826   
Restricted cash and investments791    
Receivables132,04997,27870,40893,78355,315
Contract with customer, asset14,00020,10022,800 
Capitalized contract cost  14,543 
Deferred costs   2,4002,400
Other undisclosed current assets35,44925,75410,15518,51313,749
Total current assets:338,264365,420277,661209,626145,222
Noncurrent Assets
Finance lease, right-of-use asset  3,772
Operating lease, right-of-use asset27,89730,65924,205
Property, plant and equipment   7,5392,663
Long-term investments and receivables12,04436,120   
Long-term investments12,04436,120   
Intangible assets, net (including goodwill)34,9396,606   
Goodwill27,7954,862   
Intangible assets, net (excluding goodwill)7,1441,744   
Capitalized contract cost, net  28,979 
Restricted cash and investments2,373    
Deferred income tax assets1,025489494
Other noncurrent assets2,0473,625592601510
Other undisclosed noncurrent assets85,93069,60235,78215,41412,657
Total noncurrent assets:166,255147,10193,82423,55415,830
TOTAL ASSETS:504,519512,521371,485233,180161,052
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56,37531,76923,40130,50923,768
Accounts payable5,7662,9675,2229,2495,226
Accrued liabilities15,4835,8217,4887,4646,467
Employee-related liabilities35,12622,98110,69113,79612,075
Deferred revenue150,169116,25682,201
Debt  5,283  
Deferred revenue and credits95,52370,165
Other liabilities1,0679401,3952,3691,182
Other undisclosed current liabilities8,1106,923   
Total current liabilities:215,721155,888112,280128,40195,115
Noncurrent Liabilities
Long-term debt and lease obligation48,78451,19446,791  
Finance lease, liability  2,375
Operating lease, liability48,78451,19444,416
Liabilities, other than long-term debt6,0978,8347,17731,54520,326
Deferred revenue and credits31,54518,922
Deferred revenue2,4303,8867,139
Deferred income tax liabilities2097038
Other liabilities3,4584,878  1,404
Other undisclosed noncurrent liabilities   4287
Total noncurrent liabilities:54,88160,02853,96831,58720,413
Total liabilities:270,602215,916166,248159,988115,528
Stockholders' equity
Stockholders' equity attributable to parent, including:233,917296,605205,23773,19245,524
Additional paid in capital497,128470,498340,929218,284141,268
Accumulated other comprehensive income (loss)(5,687)(5,010)(285)542439
Accumulated deficit(257,531)(168,890)(135,413)(145,640)(96,189)
Other undisclosed stockholders' equity attributable to parent77666
Total stockholders' equity:233,917296,605205,23773,19245,524
TOTAL LIABILITIES AND EQUITY:504,519512,521371,485233,180161,052

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues369,259304,573260,352226,743176,737
Revenue, net85,223
Cost of revenue(104,093)(88,766)(93,841)(84,925)(64,597)
Cost of goods and services sold(104,093)(88,766)(93,841)(84,925)(55,218)
Gross profit:265,166215,807166,511141,818112,140
Operating expenses(349,073)(253,709)(216,979)(188,537)(143,951)
Operating loss:(83,907)(37,902)(50,468)(46,719)(31,811)
Nonoperating income (expense)(3,956)5,308574(2,493)1,565
Other nonoperating income (expense)(3,584)5,786941(2,295)2,038
Interest and debt expense (150)(108) (384)
Loss from continuing operations before equity method investments, income taxes:(87,863)(32,744)(50,002)(49,212)(30,630)
Other undisclosed income from continuing operations before income taxes 150108 384
Loss from continuing operations before income taxes:(87,863)(32,594)(49,894)(49,212)(30,246)
Income tax expense(778)(883)(820)(239)(761)
Net loss attributable to parent:(88,641)(33,477)(50,714)(49,451)(31,007)
Preferred stock dividends and other adjustments    (357)
Net loss available to common stockholders, diluted:(88,641)(33,477)(50,714)(49,451)(31,364)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(88,641)(33,477)(50,714)(49,451)(31,007)
Comprehensive loss:(88,641)(33,477)(50,714)(49,451)(31,007)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(677)(4,725)(827)103(891)
Comprehensive loss, net of tax, attributable to parent:(89,318)(38,202)(51,541)(49,348)(31,898)

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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