Cass Information Systems, Inc (CASS) Financial Statements (2024 and earlier)

Company Profile

Business Address 12444 POWERSCOURT DRIVE
ST. LOUIS, MO 63131
State of Incorp. MO
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (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 investments200,942514,928670,528203,954230,933228,110
Cash and cash equivalents20,99512,301670,528203,954230,933228,110
Short-term investments179,947502,627    
Receivables   891,676772,638721,587686,231
Financing receivable, excluding accrued interest, after allowance for credit loss1,082,906 
Total current assets:1,283,848514,9281,562,204976,592952,520914,341
Noncurrent Assets
Operating lease, right-of-use asset9,2004,421 5,848
Property, plant and equipment19,95818,11318,05720,52722,03121,586
Intangible assets, net (including goodwill), including:27,93622,97817,68518,54314,12314,565
Goodwill17,30914,26214,26214,26212,56912,569
Intangible assets, net (excluding goodwill)4,1262,5643,4234,2811,5541,996
Other undisclosed intangible assets, net (including goodwill)6,5016,152    
Total noncurrent assets:57,09445,51235,74244,91836,15436,151
Other undisclosed assets1,232,0811,994,461605,289742,733706,502652,717
TOTAL ASSETS:2,573,0232,554,9012,203,2351,764,2431,695,1761,603,209
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    18,000  
Total current liabilities:    18,000  
Noncurrent Liabilities
Liabilities, other than long-term debt   835,386684,295694,360661,888
Accounts payable and accrued liabilities   835,386684,295694,360661,888
Total noncurrent liabilities:   835,386684,295694,360661,888
Other undisclosed liabilities2,366,6982,309,1031,106,689817,758770,968716,233
Total liabilities:2,366,6982,309,1031,942,0751,520,0531,465,3281,378,121
Equity
Equity, attributable to parent, including:206,325245,798261,160244,190229,848225,088
Common stock  7,7537,7537,7537,7536,524
Treasury stock, value(81,211)(78,904)(50,515)(45,381)(39,974)(32,061)
Additional paid in capital207,422204,276204,875205,397205,770204,631
Accumulated other comprehensive income (loss)(59,321)453(15)(13,920)(18,872)(13,320)
Retained earnings131,682112,22099,06290,34175,17159,314
Other undisclosed equity, attributable to parent7,753     
Total equity:206,325245,798261,160244,190229,848225,088
TOTAL LIABILITIES AND EQUITY:2,573,0232,554,9012,203,2351,764,2431,695,1761,603,209

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
Revenues182,476154,147144,956157,235148,266135,302
Net investment income55,89744,77146,46146,79743,64439,634
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1,350) (645)(250)  
Gross profit:181,126154,147144,311156,985148,266135,302
Operating expenses(10,610)(13,990)(12,193)(14,050)(13,114)(88,759)
Other operating expense, net
(Other Expenses)
 (7,950)(23)(1,088)(2,404)(1,963)(1,722)
Other undisclosed operating loss      
Operating income:162,566140,134131,030140,531133,18944,821
Interest and debt expense(3,482)(1,171)(2,362)(5,193)(3,736)(2,187)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (98,327)(97,872)(93,106)(7,735)
Income from continuing operations before equity method investments, income taxes:159,084138,96330,34137,46636,34734,899
Other undisclosed loss from continuing operations before income taxes(116,184)(105,142)    
Income from continuing operations before income taxes:42,90033,82130,34137,46636,34734,899
Income tax expense(7,996)(5,217)(5,165)(7,062)(6,079)(9,885)
Income from continuing operations:34,90428,60425,17630,40430,26825,014
Income before gain (loss) on sale of properties:28,60425,17630,40430,26825,014
Net income available to common stockholders, diluted:34,90428,60425,17630,40430,26825,014

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:34,90428,60425,17630,40430,26825,014
Other comprehensive income (loss)1,1468,65813,9054,952(5,552)3,509
Comprehensive income:36,05037,26239,08135,35624,71628,523
Other undisclosed comprehensive loss, net of tax, attributable to parent(60,920)(8,190)    
Comprehensive income (loss), net of tax, attributable to parent:(24,870)29,07239,08135,35624,71628,523

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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