Computer Programs and Systems, Inc. (CPSI) financial statements (2021 and earlier)

Company profile

Business Address 6600 WALL STREET
MOBILE, AL 36695
State of Incorp. DE
Fiscal Year End December 31
SIC 7371 - Computer Programming Services (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13 61236
Cash and cash equivalents13 61225
Short-term investments     11
Receivables43 56533733
Inventory, net of allowances, customer advances and progress billings1 1121
Inventory1 1121
Prepaid expense2 2 10
Other undisclosed current assets8 5334
Total current assets:67 70584575
Noncurrent Assets
Operating lease, right-of-use asset7 
Property, plant and equipment13 11121314
Long-term investments and receivables11 191162
Accounts and financing receivable, after allowance for credit loss11 191162
Intangible assets, net (including goodwill)222 227237276 
Goodwill150 140140168 
Intangible assets, net (excluding goodwill)72 8697107 
Other noncurrent assets3 1   
Deferred tax assets, net   2
Other undisclosed noncurrent assets3     
Total noncurrent assets:259 25826029518
TOTAL ASSETS:326 32831833993
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26 22261914
Accounts payable8 6875
Accrued liabilities13 121496
Employee-related liabilities5 4443
Taxes payable   1  
Deferred revenue8 
Debt3 666 
Deferred revenue and credits964
Contract with customer, liability10
Total current liabilities:37 39413117
Noncurrent Liabilities
Long-term debt and lease obligation78 125137147 
Long-term debt, excluding current maturities73 125137147 
Operating lease, liability5 
Liabilities, other than long-term debt10  53 
Deferred tax liabilities, net 53 
Deferred income tax liabilities10 
Other undisclosed noncurrent liabilities  5   
Total noncurrent liabilities:89 129141150 
Total liabilities:126 16818218117
Stockholders' equity
Stockholders' equity attributable to parent200 16013615875
Common stock0 0000
Treasury stock, value(1)     
Additional paid in capital182 16515514844
Accumulated other comprehensive loss     (0)
Retained earnings (accumulated deficit)20 (5)(19)1031
Total stockholders' equity:200 16013615875
TOTAL LIABILITIES AND EQUITY:326 32831833993

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues264 280277267182
Revenue, net277267182
Cost of revenue
(Cost of Goods and Services Sold)
(128) (131)(126)(129)(108)
Gross profit:136 15015113874
Operating expenses(115) (125)(156)(124)(49)
Operating income (loss):21 25(5)1425
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2) (7)(9)(6)0
Interest and debt expense(0) (8)(1)(7) 
Other undisclosed income from continuing operations before equity method investments, income taxes0 817 
Income (loss) from continuing operations before income taxes:19 18(13)825
Income tax expense(5) (0)(4)(4)(7)
Net income (loss) attributable to parent:14 18(17)418
Other undisclosed net income (loss) available to common stockholders, basic(0) (1)0(0)(0)
Net income (loss) available to common stockholders, diluted:14 17(17)418

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):14 18(17)418
Other comprehensive income (loss)    0(0)
Comprehensive income (loss), net of tax, attributable to parent:14 18(17)418

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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