CBIZ, Inc. (CBZ) financial statements (2020 and earlier)

Company profile

Business Address 6050 OAK TREE BOULEVARD, SOUTH
CLEVELAND, 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)

9/30/2019
TTM
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 investments3103111
Cash and cash equivalents3103111
Restricted cash and investments362733282528 
Receivables261207189175155191143
Funds held for clients123161203213171183164
Disposal group, including discontinued operation     51
Other current assets25272321161514
Other undisclosed current assets    5(44)27
Total current assets:448424448442372379350
Noncurrent Assets
Operating lease, right-of-use asset149
Property, plant and equipment38342619201819
Long-term investments and receivables  1123 
Accounts and financing receivable, after allowance for credit loss  1123 
Intangible assets, net (including goodwill)658637613584536526469
Goodwill588564528487448435385
Intangible assets, net (excluding goodwill)70738597889184
Deferred costs1018486706460 
Other noncurrent assets3432446
Other undisclosed noncurrent assets      52
Total noncurrent assets:949759728677626612547
TOTAL ASSETS:1,3971,1831,1761,119998991897
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1261239792757976
Accounts payable64595146363738
Employee-related liabilities55644545404039
Taxes payable70 1 20
Debt30 21 12
Disposal group, including discontinued operation     10
Business combination, contingent consideration, liability162315161317
Other liabilities16141716121313
Other undisclosed current liabilities123162204214171184177
Total current liabilities:310321334339271295267
Noncurrent Liabilities
Long-term debt and lease obligation299134178190207204449
Long-term debt, excluding current maturities159134178190207204449
Operating lease, liability140
Liabilities, other than long-term debt122134131107939269
Accounts payable and accrued liabilities434444 
Accrued income taxes6
Deferred compensation liability, classified101848670646052
Deferred tax liabilities, net73453 
Other liabilities22215127811
Business combination, contingent consideration, liability161722171217
Other undisclosed noncurrent liabilities10 22  (262)
Total noncurrent liabilities:431268311299299296256
Total liabilities:741589645639570591523
Stockholders' equity
Stockholders' equity attributable to parent656594531480428400374
Common stock1111111
Treasury stock, value(531)(509)(491)(471)(462)(426)(398)
Additional paid in capital706692676656635604581
Accumulated other comprehensive loss(1)(0)(0)(1)(1)(1)(1)
Retained earnings481409345295255221191
Total stockholders' equity:656594531480428400374
TOTAL LIABILITIES AND EQUITY:1,3971,1831,1761,119998991897

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues944922855800750719692
Financial services revenue156145138132140
Cost of revenue(805)(790)(756)(698)(654)(630)(609)
Gross profit:140132100102969083
Operating expenses(43)(39)(33)(36)(33)(49)(62)
Other undisclosed operating income     1428
Operating income:97936666645549
Nonoperating income (expense)(2)(13)81(6)(5)(7)
Investment income, nonoperating1101010
Other nonoperating income (expense)3(7)147378
Interest and debt expense(6)(7)(7)(7)(1)(15)(15)
Other undisclosed income from continuing operations before equity method investments, income taxes777711515
Income from continuing operations before equity method investments, income taxes:96807467585141
Other undisclosed loss from continuing operations before income taxes(1)      
Income from continuing operations before income taxes:95807467585141
Income tax expense(24)(18)(23)(26)(23)(20)(16)
Income from continuing operations:71625141353025
Income (loss) from discontinued operations (0)(1)(1)(1)(1)3
Other undisclosed loss before gain (loss) on sale of properties(0)      
Income before gain (loss) on sale of properties:71625040343028
Other undisclosed net loss(0)(0)     
Net income:71625040343028
Other undisclosed net income (loss) attributable to parent(0)     58
Net income available to common stockholders, diluted:71625040343086

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:71625040343028
Other comprehensive income (loss)(1)(0)00000
Comprehensive income:71615140343028
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)     58
Comprehensive income, net of tax, attributable to parent:70615140343086

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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