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 investments | 3 | 1 | 0 | 3 | 1 | 1 | 1 | ||
| Cash and cash equivalents | 3 | 1 | 0 | 3 | 1 | 1 | 1 | ||
| Restricted cash and investments | 36 | 27 | 33 | 28 | 25 | 28 | |||
| Receivables | 261 | 207 | 189 | 175 | 155 | 191 | 143 | ||
| Funds held for clients | 123 | 161 | 203 | 213 | 171 | 183 | 164 | ||
| Disposal group, including discontinued operation | 5 | 1 | |||||||
| Other current assets | 25 | 27 | 23 | 21 | 16 | 15 | 14 | ||
| Other undisclosed current assets | 5 | (44) | 27 | ||||||
| Total current assets: | 448 | 424 | 448 | 442 | 372 | 379 | 350 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 149 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 38 | 34 | 26 | 19 | 20 | 18 | 19 | ||
| Long-term investments and receivables | 1 | 1 | 2 | 3 | |||||
| Accounts and financing receivable, after allowance for credit loss | 1 | 1 | 2 | 3 | |||||
| Intangible assets, net (including goodwill) | 658 | 637 | 613 | 584 | 536 | 526 | 469 | ||
| Goodwill | 588 | 564 | 528 | 487 | 448 | 435 | 385 | ||
| Intangible assets, net (excluding goodwill) | 70 | 73 | 85 | 97 | 88 | 91 | 84 | ||
| Deferred costs | 101 | 84 | 86 | 70 | 64 | 60 | |||
| Other noncurrent assets | 3 | 4 | 3 | 2 | 4 | 4 | 6 | ||
| Other undisclosed noncurrent assets | 52 | ||||||||
| Total noncurrent assets: | 949 | 759 | 728 | 677 | 626 | 612 | 547 | ||
| TOTAL ASSETS: | 1,397 | 1,183 | 1,176 | 1,119 | 998 | 991 | 897 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 126 | 123 | 97 | 92 | 75 | 79 | 76 | ||
| Accounts payable | 64 | 59 | 51 | 46 | 36 | 37 | 38 | ||
| Employee-related liabilities | 55 | 64 | 45 | 45 | 40 | 40 | 39 | ||
| Taxes payable | 7 | 0 | 1 | 2 | 0 | ||||
| Debt | 30 | 2 | 1 | 1 | 2 | ||||
| Disposal group, including discontinued operation | 1 | 0 | |||||||
| Business combination, contingent consideration, liability | 16 | 23 | 15 | 16 | 13 | 17 | ✕ | ||
| Other liabilities | 16 | 14 | 17 | 16 | 12 | 13 | 13 | ||
| Other undisclosed current liabilities | 123 | 162 | 204 | 214 | 171 | 184 | 177 | ||
| Total current liabilities: | 310 | 321 | 334 | 339 | 271 | 295 | 267 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 299 | 134 | 178 | 190 | 207 | 204 | 449 | ||
| Long-term debt, excluding current maturities | 159 | 134 | 178 | 190 | 207 | 204 | 449 | ||
| Operating lease, liability | 140 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 122 | 134 | 131 | 107 | 93 | 92 | 69 | ||
| Accounts payable and accrued liabilities | 4 | 3 | 4 | 4 | 4 | 4 | |||
| Accrued income taxes | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6 | ||
| Deferred compensation liability, classified | 101 | 84 | 86 | 70 | 64 | 60 | 52 | ||
| Deferred tax liabilities, net | ✕ | 7 | 3 | 4 | 5 | 3 | |||
| Other liabilities | 2 | 22 | 15 | 12 | 7 | 8 | 11 | ||
| Business combination, contingent consideration, liability | 16 | 17 | 22 | 17 | 12 | 17 | ✕ | ||
| Other undisclosed noncurrent liabilities | 10 | 2 | 2 | (262) | |||||
| Total noncurrent liabilities: | 431 | 268 | 311 | 299 | 299 | 296 | 256 | ||
| Total liabilities: | 741 | 589 | 645 | 639 | 570 | 591 | 523 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 656 | 594 | 531 | 480 | 428 | 400 | 374 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (531) | (509) | (491) | (471) | (462) | (426) | (398) | ||
| Additional paid in capital | 706 | 692 | 676 | 656 | 635 | 604 | 581 | ||
| Accumulated other comprehensive loss | (1) | (0) | (0) | (1) | (1) | (1) | (1) | ||
| Retained earnings | 481 | 409 | 345 | 295 | 255 | 221 | 191 | ||
| Total stockholders' equity: | 656 | 594 | 531 | 480 | 428 | 400 | 374 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,397 | 1,183 | 1,176 | 1,119 | 998 | 991 | 897 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 944 | 922 | 855 | 800 | 750 | 719 | 692 | |
| Financial services revenue | ✕ | ✕ | 156 | 145 | 138 | 132 | 140 | |
| Cost of revenue | (805) | (790) | (756) | (698) | (654) | (630) | (609) | |
| Gross profit: | 140 | 132 | 100 | 102 | 96 | 90 | 83 | |
| Operating expenses | (43) | (39) | (33) | (36) | (33) | (49) | (62) | |
| Other undisclosed operating income | 14 | 28 | ||||||
| Operating income: | 97 | 93 | 66 | 66 | 64 | 55 | 49 | |
| Nonoperating income (expense) | (2) | (13) | 8 | 1 | (6) | (5) | (7) | |
| Investment income, nonoperating | 1 | 1 | 0 | 1 | 0 | 1 | 0 | |
| Other nonoperating income (expense) | 3 | (7) | 14 | 7 | 3 | 7 | 8 | |
| Interest and debt expense | (6) | (7) | (7) | (7) | (1) | (15) | (15) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 7 | 7 | 7 | 7 | 1 | 15 | 15 | |
| Income from continuing operations before equity method investments, income taxes: | 96 | 80 | 74 | 67 | 58 | 51 | 41 | |
| Other undisclosed loss from continuing operations before income taxes | (1) | |||||||
| Income from continuing operations before income taxes: | 95 | 80 | 74 | 67 | 58 | 51 | 41 | |
| Income tax expense | (24) | (18) | (23) | (26) | (23) | (20) | (16) | |
| Income from continuing operations: | 71 | 62 | 51 | 41 | 35 | 30 | 25 | |
| 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: | 71 | 62 | 50 | 40 | 34 | 30 | 28 | |
| Other undisclosed net loss | (0) | (0) | ||||||
| Net income: | 71 | 62 | 50 | 40 | 34 | 30 | 28 | |
| Other undisclosed net income (loss) attributable to parent | (0) | 58 | ||||||
| Net income available to common stockholders, diluted: | 71 | 62 | 50 | 40 | 34 | 30 | 86 | |
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: | 71 | 62 | 50 | 40 | 34 | 30 | 28 | |
| Other comprehensive income (loss) | (1) | (0) | 0 | 0 | 0 | 0 | 0 | |
| Comprehensive income: | 71 | 61 | 51 | 40 | 34 | 30 | 28 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | 58 | ||||||
| Comprehensive income, net of tax, attributable to parent: | 70 | 61 | 51 | 40 | 34 | 30 | 86 | |
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.