ARC Document Solutions, Inc. (ARC) Financial Statements (2024 and earlier)

Company Profile

Business Address 12657 ALCOSTA BLVD.
SAN RAMON, CA 94583
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 733 - Mailing, Reproduction, Commercial Art And Photography, and Stenographic Services (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 investments52,56155,92954,95029,42529,43328,059
Cash and cash equivalents52,56155,92954,95029,42529,43328,059
Receivables38,74839,44136,27951,43258,03557,011
Inventory, net of allowances, customer advances and progress billings8,6108,8429,47413,93616,76819,937
Inventory8,6108,8429,47413,93616,76819,937
Prepaid expense4,0184,1254,0654,7834,9374,208
Other current assets3,5404,2073,9796,8076,2025,266
Total current assets:107,477112,544108,747106,383115,375114,481
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    42,748
Operating lease, right-of-use asset28,16329,36037,85941,238
Property, plant and equipment     70,66864,245
Intangible assets, net (including goodwill)121,259121,376121,566123,047126,177130,119
Goodwill121,051121,051121,051121,051121,051121,051
Intangible assets, net (excluding goodwill)2083255151,9965,1269,068
Deferred income tax assets7,99313,29317,26119,755
Other noncurrent assets2,2092,2732,1752,4002,5502,551
Other undisclosed noncurrent assets40,21445,15357,83027,58624,94628,029
Total noncurrent assets:199,838211,455236,691256,774224,341224,944
TOTAL ASSETS:307,315323,999345,438363,157339,716339,425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities39,85453,56246,95458,68358,81854,107
Interest and dividends payable2,200422443  
Employee-related liabilities11,85710,08814,56917,02912,617
Accounts payable22,97222,75318,66123,23124,21824,289
Accrued liabilities16,88216,75217,78320,44017,57117,201
Debt11,55813,81617,55717,07522,13220,791
Other undisclosed current liabilities21,1598,08411,73610,617  
Total current liabilities:72,57175,46276,24786,37580,95074,898
Noncurrent Liabilities
Long-term debt and lease obligation, including:54,91664,42679,67989,082105,060123,626
Finance lease, liability 14,91618,17624,67929,082
Other undisclosed long-term debt and lease obligation40,00021,29821,43922,740105,060123,626
Liabilities, other than long-term debt23,5381671,6154006,4043,290
Other liabilities1991671,6154006,4043,290
Operating lease, liability23,33924,95233,56137,260
Other undisclosed noncurrent liabilities  24,95233,56137,260  
Total noncurrent liabilities:78,45489,545114,855126,742111,464126,916
Total liabilities:151,025165,007191,102213,117192,414201,814
Equity
Equity, attributable to parent154,355152,427147,668143,368140,269130,237
Common stock515049494848
Treasury stock, value(18,877)(16,771)(14,657)(11,410)(9,350)(9,290)
Additional paid in capital132,952129,881127,755126,117123,525120,953
Accumulated other comprehensive loss(4,187)(2,501)(2,787)(3,357)(3,351)(1,998)
Retained earnings44,41641,76837,30831,96929,39720,524
Equity, attributable to noncontrolling interest1,9356,5656,6686,6727,0337,374
Total equity:156,290158,992154,336150,040147,302137,611
TOTAL LIABILITIES AND EQUITY:307,315323,999345,438363,157339,716339,425

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
Revenues286,010272,208289,467382,415400,784394,579
Revenue, net394,579
Cost of revenue
(Cost of Goods and Services Sold)
(190,013)(184,558)(196,558)(257,246)(269,934)(270,556)
Gross profit:95,99787,65092,909125,169130,850124,023
Operating expenses(77,641)(72,521)(80,516)(111,061)(112,990)(123,806)
Operating income:18,35615,12912,39314,10817,860217
Nonoperating income624157718181
Interest and debt expense(1,796)(2,147)(3,908)(5,615)(5,880)(6,409)
Income (loss) from continuing operations before income taxes:16,62213,0238,5428,56412,061(6,111)
Income tax expense(5,832)(4,181)(2,749)(5,724)(3,334)(15,244)
Income (loss) from continuing operations:10,7908,8425,7932,8408,727(21,355)
Income (loss) before gain (loss) on sale of properties:8,8425,7932,8408,727(21,355)
Net income (loss):10,7908,8425,7932,8408,727(21,355)
Net income (loss) attributable to noncontrolling interest304301395175146(156)
Net income (loss) available to common stockholders, diluted:11,0949,1436,1883,0158,873(21,511)

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):10,7908,8425,7932,8408,727(21,355)
Other comprehensive income (loss)(2,104)484961(192)(1,548)2,108
Comprehensive income (loss):8,6869,3266,7542,6487,179(19,247)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest7221034361341(469)
Comprehensive income (loss), net of tax, attributable to parent:9,4089,4296,7583,0097,520(19,716)

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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