CCC Intelligent Solutions Holdings Inc. (CCCS) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
167 N. GREEN STREET CHICAGO, IL 60607 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 323,788 | 182,544 | 605 | |||
| Cash and cash equivalents | 323,788 | 182,544 | 605 | |||
| Receivables | 98,353 | 78,793 | ||||
| Prepaid expense | 321 | |||||
| Deferred costs | 16,556 | 15,069 | ||||
| Other current assets | 36,358 | 46,181 | ||||
| Other undisclosed current assets | 4,015 | 318 | ||||
| Total current assets: | 479,070 | 322,905 | 926 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 32,874 | 8,052 | ||||
| Property, plant and equipment | 146,443 | 135,845 | ||||
| Long-term investments and receivables | 10,228 | 10,228 | ||||
| Long-term investments | 10,228 | 10,228 | ||||
| Intangible assets, net (including goodwill) | 2,613,948 | 2,680,133 | ||||
| Goodwill | 1,495,129 | 1,466,884 | ||||
| Intangible assets, net (excluding goodwill) | 1,118,819 | 1,213,249 | ||||
| Capitalized contract cost, net | 22,117 | |||||
| Asset, held-in-trust | 690,000 | |||||
| Deferred costs | 20,161 | 22,117 | ||||
| Other noncurrent assets | 45,911 | 26,165 | ||||
| Other undisclosed noncurrent assets | 2,286 | 9,964 | ||||
| Total noncurrent assets: | 2,871,851 | 2,914,621 | 690,000 | |||
| TOTAL ASSETS: | 3,350,921 | 3,237,526 | 690,926 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 99,044 | 86,852 | 900 | |||
| Taxes payable | ✕ | ✕ | 7,243 | |||
| Accounts payable | 27,599 | 12,918 | ||||
| Accrued liabilities | 71,445 | 66,691 | ||||
| Other undisclosed accounts payable and accrued liabilities | 900 | |||||
| Deferred revenue | 35,239 | 31,042 | ||||
| Due to related parties | 18 | |||||
| Other undisclosed current liabilities | 17,282 | 18,755 | ||||
| Total current liabilities: | 151,565 | 136,649 | 918 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 774,132 | 836,743 | ||||
| Long-term debt, excluding current maturities | 774,132 | 780,610 | ||||
| Liabilities, other than long-term debt | 298,601 | 281,530 | 24,150 | |||
| Deferred compensation liability, classified | 24,150 | |||||
| Deferred income tax liabilities | 241,698 | 275,745 | ||||
| Other liabilities | 2,658 | 5,785 | ||||
| Operating lease, liability | 54,245 | 56,133 | ||||
| Other undisclosed noncurrent liabilities | 67,157 | 96,107 | 219,795 | |||
| Total noncurrent liabilities: | 1,139,890 | 1,214,380 | 243,945 | |||
| Total liabilities: | 1,291,455 | 1,351,029 | 244,863 | |||
| Temporary equity, carrying amount | 14,179 | 14,179 | ||||
| Equity | ||||||
| Equity, attributable to parent, including: | 2,045,287 | 1,872,318 | 5,000 | |||
| Common stock | 62 | 61 | ||||
| Additional paid in capital | 2,754,055 | 2,618,924 | 190,772 | |||
| Accumulated other comprehensive loss | (884) | (315) | ||||
| Accumulated deficit | (707,946) | (746,352) | (185,776) | |||
| Other undisclosed equity, attributable to parent | 4 | |||||
| Other undisclosed equity | 441,063 | |||||
| Total equity: | 2,045,287 | 1,872,318 | 446,063 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,350,921 | 3,237,526 | 690,926 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Revenues | 782,448 | 688,288 | |||
| Cost of revenue | (213,939) | (195,655) | |||
| Cost of goods and services sold | (213,939) | (195,655) | |||
| Gross profit: | 568,509 | 492,633 | |||
| Operating expenses | (516,587) | (637,308) | |||
| Operating income (loss): | 51,922 | (144,675) | |||
| Nonoperating income | 6,362 | 114 | |||
| Investment income, nonoperating | 5,663 | ||||
| Other nonoperating income | 699 | 114 | |||
| Interest and debt expense | (38,990) | (74,230) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 19,294 | (218,791) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | 30,568 | (56,128) | |||
| Income (loss) from continuing operations before income taxes: | 49,862 | (274,919) | |||
| Income tax expense (benefit) | (11,456) | 26,000 | |||
| Income (loss) from continuing operations: | 38,406 | (248,919) | |||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (248,919) | ✕ | ||
| Net income (loss) attributable to parent: | 38,406 | (248,919) | |||
| Preferred stock dividends and other adjustments | |||||
| Net income (loss) available to common stockholders, basic: | 38,406 | (248,919) | |||
| Dilutive securities, effect on basic earnings per share | 35,080,710 | ||||
| Net income (loss) available to common stockholders, diluted: | 35,119,116 | (248,919) | |||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Net income (loss): | 38,406 | (248,919) | |||
| Other undisclosed comprehensive loss | (569) | (44) | |||
| Comprehensive income (loss): | 37,837 | (248,963) | |||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 37,837 | (248,963) | |||
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.