CBIZ, Inc. (CBZ) financial statements (2021 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)

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 investments5110311
Cash and cash equivalents5110311
Restricted cash and investments24302733282528
Receivables216222207189175155191
Funds held for clients167180161203213171183
Disposal group, including discontinued operation      5
Other current assets24242723211615
Other undisclosed current assets     5(44)
Total current assets:436456424448442372379
Noncurrent Assets
Operating lease, right-of-use asset148141
Property, plant and equipment41393426192018
Long-term investments and receivables   1123
Accounts and financing receivable, after allowance for credit loss   1123
Intangible assets, net (including goodwill)757655637613584536526
Goodwill683588564528487448435
Intangible assets, net (excluding goodwill)74667385978891
Deferred costs1271078486706460
Other noncurrent assets4343244
Total noncurrent assets:1,077945759728677626612
TOTAL ASSETS:1,5141,4011,1831,1761,119998991
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14712812397927579
Accounts payable64695951463637
Employee-related liabilities80606445454040
Taxes payable300 1 2
Debt 29 21 1
Disposal group, including discontinued operation      1
Business combination, contingent consideration, liability20162315161317
Other liabilities14131417161213
Other undisclosed current liabilities197179162204214171184
Total current liabilities:378366321334339271295
Noncurrent Liabilities
Long-term debt and lease obligation249236134178190207204
Long-term debt, excluding current maturities107104134178190207204
Operating lease, liability142132
Liabilities, other than long-term debt1841281341311079392
Accounts payable and accrued liabilities2334444
Deferred compensation liability, classified1271078486706460
Deferred tax liabilities, net73453
Deferred income tax liabilities9 
Other liabilities12222151278
Business combination, contingent consideration, liability34161722171217
Other undisclosed noncurrent liabilities 12 22  
Total noncurrent liabilities:433376268311299299296
Total liabilities:811742589645639570591
Stockholders' equity
Stockholders' equity attributable to parent703659594531480428400
Common stock1111111
Treasury stock, value(595)(536)(509)(491)(471)(462)(426)
Additional paid in capital741715692676656635604
Accumulated other comprehensive loss(2)(1)(0)(0)(1)(1)(1)
Retained earnings558480409345295255221
Total stockholders' equity:703659594531480428400
TOTAL LIABILITIES AND EQUITY:1,5141,4011,1831,1761,119998991

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
Revenues964948922855800750719
Financial services revenue156145138132
Cost of revenue(825)(823)(790)(756)(698)(654)(630)
Gross profit:1391251321001029690
Operating expenses(46)(44)(39)(33)(36)(33)(49)
Other undisclosed operating income      14
Operating income:92819366666455
Nonoperating income (expense)1112(13)81(6)(5)
Investment income, nonoperating(1)010101
Other nonoperating income (expense)1718(7)14737
Interest and debt expense(5)(6)(7)(7)(7)(1)(15)
Other undisclosed income from continuing operations before equity method investments, income taxes 6777115
Income from continuing operations before equity method investments, income taxes:99938074675851
Other undisclosed income from continuing operations before income taxes5      
Income from continuing operations before income taxes:103938074675851
Income tax expense(25)(22)(18)(23)(26)(23)(20)
Income from continuing operations:78716251413530
Income (loss) from discontinued operations 0(0)(1)(1)(1)(1)
Income before gain (loss) on sale of properties:78716250403430
Other undisclosed net loss (0)(0)    
Net income:78716250403430
Other undisclosed net loss attributable to parent(0)      
Net income available to common stockholders, diluted:78716250403430

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 income:78716250403430
Other comprehensive income (loss)0 (0)0000
Comprehensive income:79716151403430
Other undisclosed comprehensive loss, net of tax, attributable to parent(2)(0)     
Comprehensive income, net of tax, attributable to parent:77706151403430

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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