Avalara, Inc. (AVLR) financial statements (2022 and earlier)

Company profile

Business Address 255 S. KING ST.
SEATTLE, WA 98104
State of Incorp. WA
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,514  142
Cash and cash equivalents1,514  142
Restricted cash and investments38   
Receivables114  40
Prepaid expense3  10
Capitalized contract cost16   
Deferred costs   1
Funds held for clients63  13
Deposits current assets4  0
Other current assets3  1
Other undisclosed current assets20  0
Total current assets:1,776  207
Noncurrent Assets
Operating lease, right-of-use asset44  ✕
Property, plant and equipment46  33
Intangible assets, net (including goodwill)769  81
Goodwill672  61
Intangible assets, net (excluding goodwill)97  19
Capitalized contract cost, net52   
Other undisclosed noncurrent assets11  2
Total noncurrent assets:923  116
TOTAL ASSETS:2,699  323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:126  47
Accounts payable17  5
Accrued liabilities110  13
Employee-related liabilities   4
Taxes payable   2
Other undisclosed accounts payable and accrued liabilities   23
Deferred revenue281  ✕
Business combination, contingent consideration, liability33   
Other undisclosed current liabilities127  139
Total current liabilities:568  186
Noncurrent Liabilities
Long-term debt and lease obligation1,007   
Long-term debt, excluding current maturities961   
Operating lease, liability46  ✕
Liabilities, other than long-term debt90  18
Deferred revenue2  ✕
Deferred rent credit   17
Deferred tax liabilities, net✕✕✕1
Deferred income tax liabilities5  ✕
Other liabilities1  0
Business combination, contingent consideration, liability81   
Other undisclosed noncurrent liabilities8  9
Total noncurrent liabilities:1,104  28
Total liabilities:1,672  213
Stockholders' equity
Stockholders' equity attributable to parent1,026  110
Common stock0  0
Additional paid in capital1,714  599
Accumulated other comprehensive loss(3)  (2)
Accumulated deficit(685)  (488)
Total stockholders' equity:1,026  110
TOTAL LIABILITIES AND EQUITY:2,699  323

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues699  272
Cost of revenue(205)  (79)
Gross profit:494  193
Operating expenses(601)  (270)
Operating loss:(107)  (76)
Nonoperating expense(15)  (0)
Investment income, nonoperating0  2
Other nonoperating income (expense)(1)  1
Interest and debt expense(2)  (3)
Loss from continuing operations before equity method investments, income taxes:(124)  (79)
Other undisclosed income from continuing operations before income taxes2  3
Loss from continuing operations before income taxes:(122)  (77)
Income tax expense (benefit)(3)  1
Net loss available to common stockholders, diluted:(125)  (76)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(125)  (76)
Comprehensive loss:(125)  (76)
Other undisclosed comprehensive loss, net of tax, attributable to parent(2)  (3)
Comprehensive loss, net of tax, attributable to parent:(127)  (78)

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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