Computer Programs and Systems, Inc. (CPSI) financial statements (2022 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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,43112,671 5,7325202,220
Cash and cash equivalents11,43112,671 5,7325202,220
Receivables40,91943,235 55,53353,11637,271
Inventory, net of allowances, customer advances and progress billings8551,084 1,4981,4171,697
Inventory8551,084 1,4981,4171,697
Prepaid expense4,5991,789 2,120 567
Other undisclosed current assets11,1948,365 5,0552,8242,794
Total current assets:68,99867,144 69,93857,87744,549
Noncurrent Assets
Operating lease, right-of-use asset7,0976,610 
Property, plant and equipment11,59013,139 10,87511,69213,439
Long-term investments and receivables7,23111,477 19,26311,4855,595
Accounts and financing receivable, after allowance for credit loss7,23111,477 19,26311,4855,595
Intangible assets, net (including goodwill)272,916221,905 226,675237,162275,567
Goodwill177,713150,216 140,449140,449168,449
Intangible assets, net (excluding goodwill)95,20371,689 86,22696,713107,118
Other noncurrent assets3,8742,787 995  
Other undisclosed noncurrent assets11,6443,210    
Total noncurrent assets:314,352259,128 257,808260,339294,601
TOTAL ASSETS:383,350326,272 327,746318,216339,150
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30,50425,855 21,81626,32219,288
Accounts payable8,0797,716 5,6687,6206,841
Accrued liabilities17,16312,786 12,21914,0988,797
Employee-related liabilities5,2625,353 3,9293,7943,650
Taxes payable    810 
Deferred revenue11,5298,130 
Debt4,3943,457 6,4865,8205,817
Deferred revenue and credits8,7075,840
Contract with customer, liability10,201
Total current liabilities:46,42737,442 38,50340,84930,945
Noncurrent Liabilities
Long-term debt and lease obligation100,47178,452 124,583136,614146,989
Long-term debt, excluding current maturities94,96673,360 124,583136,614146,989
Operating lease, liability5,5055,092 
Liabilities, other than long-term debt13,88010,378  4,6673,246
Deferred tax liabilities, net 4,6673,246
Deferred income tax liabilities13,88010,378 
Other undisclosed noncurrent liabilities   4,877  
Total noncurrent liabilities:114,35188,830 129,460141,281150,235
Total liabilities:160,778126,272 167,963182,130181,180
Stockholders' equity
Stockholders' equity attributable to parent222,572200,000 159,783136,086157,970
Common stock1515 141413
Treasury stock, value(2,576)(1,261)    
Additional paid in capital187,079181,622 164,793155,078147,911
Retained earnings (accumulated deficit)38,05419,624 (5,024)(19,006)10,046
Total stockholders' equity:222,572200,000 159,783136,086157,970
TOTAL LIABILITIES AND EQUITY:383,350326,272 327,746318,216339,150

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues280,629264,488 280,411276,927267,272
Revenue, net276,927267,272
Cost of revenue
(Cost of Goods and Services Sold)
(139,747)(128,242) (130,683)(125,630)(129,258)
Gross profit:140,882136,246 149,728151,297138,014
Operating expenses(116,175)(115,192) (124,846)(156,111)(123,639)
Operating income (loss):24,70721,054 24,882(4,814)14,375
Nonoperating expense
(Other Nonoperating expense)
(1,631)(2,270) (6,774)(8,669)(6,389)
Interest and debt expense(3,160)(202) (7,577)(1,340)(6,609)
Other undisclosed income from continuing operations before equity method investments, income taxes 202 7,5771,3406,609
Income (loss) from continuing operations before equity method investments, income taxes:19,91618,784 18,108(13,483)7,986
Other undisclosed income from continuing operations before income taxes3,160     
Income (loss) from continuing operations before income taxes:23,07618,784 18,108(13,483)7,986
Income tax expense(4,646)(4,538) (476)(3,933)(4,053)
Net income (loss) attributable to parent:18,43014,246 17,632(17,416)3,933
Other undisclosed net income (loss) available to common stockholders, basic(409)(429) (595)316(38)
Net income (loss) available to common stockholders, diluted:18,02113,817 17,037(17,100)3,895

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):18,43014,246 17,632(17,416)3,933
Other comprehensive income     38
Comprehensive income (loss), net of tax, attributable to parent:18,43014,246 17,632(17,416)3,971

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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