Blackbaud, Inc. (BLKB) financial statements (2022 and earlier)

Company profile

Business Address 65 FAIRCHILD STREET
CHARLESTON, SC 29492
State of Incorp. DE
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments55363231301715
Cash and cash equivalents55363231301715
Restricted cash and investments598610546421612354255
Receivables103958987968980
Prepaid expense    112
Capitalized contract cost30323332
Other undisclosed current assets65463528564747
Total current assets:851819735598794508399
Noncurrent Assets
Operating lease, right-of-use asset5423104
Property, plant and equipment1111053640425053
Intangible assets, net (including goodwill)1,757913952837845692731
Goodwill1,059636634545530438436
Intangible assets, net (excluding goodwill)698278318292315254295
Deferred costs121112     
Other noncurrent assets77736565242321
Other undisclosed noncurrent assets  10175543820
Total noncurrent assets:2,1211,2261,2581,017965802825
TOTAL ASSETS:2,9722,0451,9931,6151,7591,3101,224
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22284835252319
Accounts payable22284835252319
Deferred revenue374312314
Debt1913278944
Deferred revenue and credits276245230
Contract with customer, liability296
Other undisclosed current liabilities694660600468666408312
Total current liabilities:1,1101,013989806976680566
Noncurrent Liabilities
Long-term debt and lease obligation991536555380430338404
Long-term debt, excluding current maturities937518460380430338404
Operating lease, liability531796
Liabilities, other than long-term debt15470521294543
Deferred revenue and credits467
Deferred revenue452
Contract with customer, liability3
Deferred tax liabilities, net  3028
Deferred income tax liabilities1485445
Other liabilities11169698
Other undisclosed noncurrent liabilities   4438  
Total noncurrent liabilities:1,145605607436477383447
Total liabilities:2,2551,6191,5961,2421,4531,0631,013
Stockholders' equity
Stockholders' equity attributable to parent717426397374307248211
Common stock0000000
Treasury stock, value(501)(353)(291)(267)(239)(215)(200)
Additional paid in capital969545458399351310276
Accumulated other comprehensive income (loss)7(2)(5)(5)(1)(0)(1)
Retained earnings242237235246196153135
Total stockholders' equity:717426397374307248211
TOTAL LIABILITIES AND EQUITY:2,9722,0451,9931,6151,7591,3101,224

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues928913900849788731638
Revenue, net788731638
Cost of revenue(443)(428)(418)(382)(362)(339)(305)
Cost of goods and services sold(443)(428)(418)(382)(362)(332)(297)
Gross profit:485485482467426392333
Operating expenses(460)(448)(455)(407)(362)(330)(287)
Operating income:25372759646247
Nonoperating income (expense)02412(0)0
Investment income, nonoperating0232110
Other nonoperating income (expense)(0)(0)1(1)1(1)0
Interest and debt expense(18)(17)(21)(16)(12)(11)(8)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    0 (2)
Income from continuing operations before income taxes:7221145545137
Income tax expense (benefit)(1)(14)1012(9)(11)
Net income available to common stockholders, diluted:681245664226

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:681245664226
Other comprehensive income (loss)93(0)(5)(0)00
Comprehensive income, net of tax, attributable to parent:15111240664226

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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