Benefitfocus, Inc. (BNFT) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18613119155598956
Cash and cash equivalents9113119155574851
Short-term investments95   2405
Receivables22342130282821
Other undisclosed current assets2122174984
Total current assets:229186229909612482
Noncurrent Assets
Finance lease, right-of-use asset6979
Operating lease, right-of-use asset12
Property, plant and equipment30297073815554
Intangible assets, net (including goodwill)232622223
Goodwill131322222
Intangible assets, net (excluding goodwill)1013 0011
Other noncurrent assets   1212
Other undisclosed noncurrent assets101114    
Total noncurrent assets:1331458575845858
TOTAL ASSETS:362332314165180182140
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28353728343932
Accounts payable21094686
Accrued liabilities61111911109
Employee-related liabilities19151714172117
Deferred revenue2833
Debt5642723294
Due to related parties111   0
Deferred revenue and credits39353820
Other undisclosed current liabilities0036   (0)
Total current liabilities:617678949210657
Noncurrent Liabilities
Long-term debt and lease obligation26327623488783650
Long-term debt, excluding current maturities1841881773220518
Finance lease, liability7886
Capital lease obligations5756583132
Operating lease, liability12
Liabilities, other than long-term debt75323435876
Deferred revenue and credits20405674
Deferred revenue45
Other liabilities2033322
Other undisclosed noncurrent liabilities019    
Total noncurrent liabilities:27028224611112295126
Total liabilities:332357324204214200183
Temporary equity, carrying amount79      
Stockholders' equity
Stockholders' equity attributable to parent(49)(26)(10)(39)(33)(18)(43)
Common stock0000000
Additional paid in capital427426404355335310223
Accumulated deficit(476)(452)(414)(395)(368)(328)(266)
Total stockholders' equity:(49)(26)(10)(39)(33)(18)(43)
TOTAL LIABILITIES AND EQUITY:362332314165180182140

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues268296259257233185137
Cost of revenue(129)(144)(129)(124)(121)(103)(87)
Cost of goods and services sold(129)(144)(129)(10)(10)(12)(6)
Gross profit:1391521291331138250
Operating expenses(142)(176)(169)(146)(145)(137)(109)
Operating loss:(3)(25)(40)(14)(32)(54)(59)
Nonoperating expense(21)(21)(13)(12)(8)(8)(4)
Interest and debt expense1(9)(6)(5)(1)(1)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes     14
Loss from continuing operations before equity method investments, income taxes:(23)(54)(58)(31)(41)(62)(63)
Other undisclosed income (loss) from continuing operations before income taxes(1)9651  
Loss from continuing operations before income taxes:(24)(45)(53)(26)(40)(62)(63)
Income tax expense(0)(0)(0)(0)(0)(0)(0)
Net loss attributable to parent:(24)(46)(53)(26)(40)(62)(63)
Preferred stock dividends and other adjustments(4)      
Net loss available to common stockholders, diluted:(28)(46)(53)(26)(40)(62)(63)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(24)(46)(53)(26)(40)(62)(63)
Comprehensive loss, net of tax, attributable to parent:(24)(46)(53)(26)(40)(62)(63)

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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