CBIZ, Inc. (CBZ) financial statements (2022 and earlier)

Company profile

Business Address 6801 BRECKSVILLE ROAD
INDEPENDENCE, OH 44131
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (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 investments2511031
Cash and cash equivalents2511031
Restricted cash and investments30243027332825
Receivables242216222207189175155
Funds held for clients158167180161203213171
Other current assets19242427232116
Other undisclosed current assets      5
Total current assets:452436456424448442372
Noncurrent Assets
Operating lease, right-of-use asset151148141
Property, plant and equipment43413934261920
Long-term investments and receivables    112
Accounts and financing receivable, after allowance for credit loss    112
Intangible assets, net (including goodwill)841757655637613584536
Goodwill741683588564528487448
Intangible assets, net (excluding goodwill)100746673859788
Deferred costs13612710784867064
Other noncurrent assets5434324
Total noncurrent assets:1,1761,077945759728677626
TOTAL ASSETS:1,6281,5141,4011,1831,1761,119998
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities181147128123979275
Accounts payable66646959514636
Employee-related liabilities114806064454540
Taxes payable2300 1 
Debt  29 21 
Business combination, contingent consideration, liability34201623151613
Other liabilities19141314171612
Other undisclosed current liabilities189197179162204214171
Total current liabilities:423378366321334339271
Noncurrent Liabilities
Long-term debt and lease obligation301249236134178190207
Long-term debt, excluding current maturities155107104134178190207
Operating lease, liability146142132
Liabilities, other than long-term debt19918412813413110793
Accounts payable and accrued liabilities2233444
Deferred compensation liability, classified13612710784867064
Deferred tax liabilities, net7345
Deferred income tax liabilities159 
Other liabilities11222215127
Business combination, contingent consideration, liability45341617221712
Other undisclosed noncurrent liabilities  12 22 
Total noncurrent liabilities:500433376268311299299
Total liabilities:923811742589645639570
Stockholders' equity
Stockholders' equity attributable to parent705703659594531480428
Common stock1111111
Treasury stock, value(695)(595)(536)(509)(491)(471)(462)
Additional paid in capital770741715692676656635
Accumulated other comprehensive loss(1)(2)(1)(0)(0)(1)(1)
Retained earnings629558480409345295255
Total stockholders' equity:705703659594531480428
TOTAL LIABILITIES AND EQUITY:1,6281,5141,4011,1831,1761,119998

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
Revenues1,105964948922855800750
Financial services revenue156145138
Cost of revenue(946)(825)(823)(790)(756)(698)(654)
Gross profit:15913912513210010296
Operating expenses(87)(46)(44)(39)(33)(36)(33)
Operating income:73928193666664
Nonoperating income (expense)201112(13)81(6)
Investment income, nonoperating6(1)01010
Other nonoperating income (expense)181718(7)1473
Interest and debt expense(4)(5)(6)(7)(7)(7)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes  67771
Income from continuing operations before equity method investments, income taxes:89999380746758
Other undisclosed income from continuing operations before income taxes45     
Income from continuing operations before income taxes:931039380746758
Income tax expense(22)(25)(22)(18)(23)(26)(23)
Income from continuing operations:71787162514135
Income (loss) from discontinued operations  0(0)(1)(1)(1)
Income before gain (loss) on sale of properties:71787162504034
Other undisclosed net loss  (0)(0)   
Net income:71787162504034
Other undisclosed net loss attributable to parent(0)(0)     
Net income available to common stockholders, diluted:71787162504034

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:71787162504034
Other comprehensive income (loss)(1)0 (0)000
Comprehensive income:70797161514034
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(2)(0)    
Comprehensive income, net of tax, attributable to parent:72777061514034

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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