Altisource Portfolio Solutions S.A. (ASPS) Financial Statements (2024 and earlier)

Company Profile

Business Address 33, BOULEVARD PRINCE HENRI
GRAND DUCHY OF LUXEMBOURG, 50
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 738 - Miscellaneous Business 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 investments51,02598,13258,263125,35958,294154,159
Cash and cash equivalents51,02598,13258,26382,74158,294105,006
Short-term investments    42,618 49,153
Restricted cash and investments      
Receivables20,02026,41129,46648,71344,40661,967
Prepaid expense5,1652,8654,8123,9247,4847,898
Business combination, contingent consideration, asset3,223     
Other current assets5,8508,8795,1014,2699,69610,198
Other undisclosed current assets2,2751,7172,5131,92381,65437,419
Total current assets:87,558138,004100,155184,188201,534271,641
Noncurrent Assets
Operating lease, right-of-use asset5,3217,59418,21329,074
Property, plant and equipment4,2226,87311,89424,52645,63173,273
Long-term investments and receivables     2,221 
Accounts and financing receivable, after allowance for credit loss     2,221 
Intangible assets, net (including goodwill)87,69092,819120,175134,895173,040206,348
Goodwill55,96055,96073,84973,84981,38786,283
Intangible assets, net (excluding goodwill)31,73036,85946,32661,04691,653120,065
Deferred income tax assets5,0486,3865,398 
Other noncurrent assets5,1666,1329,85010,81012,40610,195
Other undisclosed noncurrent assets    1,626306,868303,707
Total noncurrent assets:107,447119,804165,530200,931540,166593,523
TOTAL ASSETS:195,005257,808265,685385,119741,700865,164
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:33,50746,53556,77967,67187,24084,400
Taxes payable4,6504,3341,70016587
Employee-related liabilities12,25411,22618,98231,35641,363
Accounts payable14,98115,97816,79722,43127,85315,682
Accrued liabilities11,85813,65324,42224,55827,86627,268
Other undisclosed accounts payable and accrued liabilities6,668     
Deferred revenue3,7114,3425,4615,183
Debt      5,945
Deferred revenue and credits9,802
Contract with customer, liability10,108
Other liabilities2,8673,8709,30514,7247,0309,414
Total current liabilities:40,08554,74771,54587,578104,378109,561
Noncurrent Liabilities
Long-term debt and lease obligation245,230243,637242,656287,882331,476403,336
Long-term debt, excluding current maturities245,230243,637242,656287,882331,476403,336
Liabilities, other than long-term debt28,56428,29434,04031,0169,17812,282
Deferred income tax liabilities9,0289,0288,801 
Other liabilities19,53619,26625,23931,0169,17812,282
Total noncurrent liabilities:273,794271,931276,696318,898340,654415,618
Total liabilities:313,879326,678348,241406,476445,032525,179
Equity
Equity, attributable to parent, including:(119,649)(70,142)(83,765)(22,826)295,431338,612
Common stock 25,41325,41325,41325,41325,413
Treasury stock, value(413,358)(426,445)(441,034)(453,934)(443,304)(426,609)
Additional paid in capital149,348144,298141,473133,669122,667112,475
Accumulated other comprehensive income      733
Retained earnings (accumulated deficit)118,948186,592190,383272,026590,655626,600
Other undisclosed equity, attributable to parent 25,413     
Equity, attributable to noncontrolling interest7751,2721,2091,4691,2371,373
Total equity:(118,874)(68,870)(82,556)(21,357)296,668339,985
TOTAL LIABILITIES AND EQUITY:195,005257,808265,685385,119741,700865,164

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
Revenues153,120178,453365,547648,651838,202942,213
Cost of revenue(131,305)(171,366)(305,194)(493,256)(622,165)(699,865)
Cost of goods and services sold(131,305)(171,366)(305,194)(493,256)(622,165)(699,865)
Gross profit:21,8157,08760,353155,395216,037242,348
Operating expenses(54,997)21,881(104,708)(137,342)(173,542)(192,642)
Operating income (loss):(33,182)28,968(44,355)18,05342,49549,706
Nonoperating expense(14,385)(13,683)(13,351)(5,614)(41,096)(14,331)
Other nonoperating income (expense)2,2548643751,348(1,870)7,922
Interest and debt expense(16,639)(14,547)(17,730)(21,393)(26,254)5,637
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   17,73121,39326,254(5,637)
Income (loss) from continuing operations before equity method investments, income taxes:(64,206)738(57,705)12,4391,39935,375
Other undisclosed income (loss) from continuing operations before income taxes16,63914,547(1)   
Income (loss) from continuing operations before income taxes:(47,567)15,285(57,706)12,4391,39935,375
Income tax expense (benefit)(5,266)(3,232)(8,609)(318,296)(4,098)276,256
Income (loss) from continuing operations:(52,833)12,053(66,315)(305,857)(2,699)311,631
Income (loss) before gain (loss) on sale of properties:12,053(66,315)(305,857)(2,699)311,631
Net income (loss):(52,833)12,053(66,315)(305,857)(2,699)311,631
Net loss attributable to noncontrolling interest(585)(241)(841)(2,112)(2,683)(2,740)
Net income (loss) available to common stockholders, diluted:(53,418)11,812(67,156)(307,969)(5,382)308,891

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):(52,833)12,053(66,315)(305,857)(2,699)311,631
Other comprehensive income      921
Other undisclosed comprehensive income (loss)     (733)1,557
Comprehensive income (loss):(52,833)12,053(66,315)(305,857)(3,432)314,109
Comprehensive loss, net of tax, attributable to noncontrolling interest(585)(241)(841)(2,112)(2,683)(2,740)
Comprehensive income (loss), net of tax, attributable to parent:(53,418)11,812(67,156)(307,969)(6,115)311,369

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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