Benefitfocus, Inc. (BNFT) financial statements (2020 and earlier)

Company profile

Business Address 100 BENEFITFOCUS WAY
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1311915559895679
Cash and cash equivalents1311915557485166
Short-term investments   240513
Receivables34213028282124
Other undisclosed current assets221749844
Total current assets:186229909612482107
Noncurrent Assets
Finance lease, right-of-use asset79
Operating lease, right-of-use asset2
Property, plant and equipment29707381555427
Intangible assets, net (including goodwill)26222233
Goodwill13222222
Intangible assets, net (excluding goodwill)13 00111
Other noncurrent assets  12122
Other undisclosed noncurrent assets1114     
Total noncurrent assets:145857584585833
TOTAL ASSETS:332314165180182140140
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3537283439328
Accounts payable10946864
Accrued liabilities11119111094
Employee-related liabilities151714172117 
Deferred revenue33
Debt6427232943
Due to related parties11   00
Deferred revenue and credits3935382015
Other undisclosed current liabilities036   (0)16
Total current liabilities:767894921065742
Noncurrent Liabilities
Long-term debt and lease obligation2762348878365020
Long-term debt, excluding current maturities18817732205186
Finance lease, liability86
Capital lease obligations575658313214
Operating lease, liability2
Liabilities, other than long-term debt532343587666
Deferred revenue and credits2040567465
Deferred revenue5
Other liabilities0333221
Other undisclosed noncurrent liabilities19     
Total noncurrent liabilities:2822461111229512686
Total liabilities:357324204214200183128
Stockholders' equity
Stockholders' equity attributable to parent, including:(26)(10)(39)(33)(18)(43)11
Common stock000000 
Additional paid in capital426404355335310223214
Accumulated deficit(452)(414)(395)(368)(328)(266)(203)
Other undisclosed stockholders' equity attributable to parent      0
Total stockholders' equity:(26)(10)(39)(33)(18)(43)11
TOTAL LIABILITIES AND EQUITY:332314165180182140140

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues296259257233185137105
Cost of revenue(144)(129)(124)(121)(103)(87)(62)
Cost of goods and services sold(144)(129)(10)(10)(12)(6)(3)
Gross profit:152129133113825042
Operating expenses(176)(169)(146)(145)(137)(109)(71)
Operating loss:(25)(40)(14)(32)(54)(59)(28)
Nonoperating expense(21)(13)(12)(8)(8)(4)(2)
Interest and debt expense(9)(6)(5)(1)(1)(4)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes    142
Loss from continuing operations before equity method investments, income taxes:(54)(58)(31)(41)(62)(63)(30)
Other undisclosed income from continuing operations before income taxes9651   
Loss from continuing operations before income taxes:(45)(53)(26)(40)(62)(63)(30)
Income tax expense (benefit)(0)(0)(0)(0)(0)(0)0
Net loss available to common stockholders, diluted:(46)(53)(26)(40)(62)(63)(30)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(46)(53)(26)(40)(62)(63)(30)
Comprehensive loss, net of tax, attributable to parent:(46)(53)(26)(40)(62)(63)(30)

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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