Computer Programs and Systems, Inc. (CPSI) Financial Statements (2023 and earlier)

Company Profile

Business Address 6600 WALL STREET
MOBILE, AL 36695
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,95111,43112,6717,3575,732520
Cash and cash equivalents6,95111,43112,6717,3575,732520
Receivables55,78540,91943,23550,85155,53353,116
Inventory, net of allowances, customer advances and progress billings7848551,0841,4261,4981,417
Inventory7848551,0841,4261,4981,417
Prepaid expense7014,5991,7891,3372,120 
Other undisclosed current assets10,33811,1948,3655,8615,0552,824
Total current assets:74,55968,99867,14466,83269,93857,877
Noncurrent Assets
Operating lease, right-of-use asset7,5677,0976,6107,800✕✕
Property, plant and equipment9,88411,59013,13911,59310,87511,692
Long-term investments and receivables3,3127,23111,47718,26719,26311,485
Accounts and financing receivable, after allowance for credit loss3,3127,23111,47718,26719,26311,485
Intangible assets, net (including goodwill)300,253272,916221,905233,326226,675237,162
Goodwill198,253177,713150,216150,216140,449140,449
Intangible assets, net (excluding goodwill)102,00095,20371,68983,11086,22696,713
Other noncurrent assets8,1313,8742,7871,771995 
Other undisclosed noncurrent assets27,25711,6443,210   
Total noncurrent assets:356,404314,352259,128272,757257,808260,339
TOTAL ASSETS:430,963383,350326,272339,589327,746318,216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29,72430,50425,85524,87221,81626,322
Taxes payable✕✕    810
Employee-related liabilities✕✕5,2625,3534,3013,9293,794
Accounts payable7,0358,0797,7168,8045,6687,620
Accrued liabilities22,68917,16312,78611,76712,21914,098
Deferred revenue 11,59011,5298,1308,628✕✕
Debt3,1414,3943,4578,4306,4865,820
Deferred revenue and credits✕✕✕✕✕✕8,707
Contract with customer, liability✕✕✕✕✕10,201✕
Other undisclosed current liabilities      
Total current liabilities:44,45546,42737,44241,93038,50340,849
Noncurrent Liabilities
Long-term debt and lease obligation136,388100,47178,452105,689124,583136,614
Long-term debt, excluding current maturities136,38894,96673,36099,433124,583136,614
Liabilities, other than long-term debt18,40913,88010,3787,623 4,667
Deferred tax liabilities, net✕✕✕✕✕ 4,667
Deferred income tax liabilities12,75813,88010,3787,623✕✕
Operating lease, liability5,6515,5055,0926,256✕✕
Other undisclosed noncurrent liabilities     4,877 
Total noncurrent liabilities:154,797114,35188,830113,312129,460141,281
Total liabilities:199,252160,778126,272155,242167,963182,130
Equity
Equity, attributable to parent231,711222,572200,000184,347159,783136,086
Common stock151515141414
Treasury stock, value(14,500)(2,576)(1,261)   
Additional paid in capital192,275187,079181,622174,618164,793155,078
Retained earnings (accumulated deficit)53,92138,05419,6249,715(5,024)(19,006)
Total equity:231,711222,572200,000184,347159,783136,086
TOTAL LIABILITIES AND EQUITY:430,963383,350326,272339,589327,746318,216

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues326,648280,629264,488274,634280,411276,927
Revenue, net✕✕✕✕✕✕276,927
Cost of revenue
(Cost of Goods and Services Sold)		(172,213)(139,747)(128,242)(130,489)(130,683)(125,630)
Gross profit:154,435140,882136,246144,145149,728151,297
Operating expenses(131,652)(116,175)(115,192)(119,562)(124,846)(156,111)
Operating income (loss):22,78324,70721,05424,58324,882(4,814)
Nonoperating expense(4,702)(1,631)(2,270)(887)(6,774)(8,669)
Other nonoperating income (expense)(4,702)(1,631)(2,270)(887)(6,774)(8,669)
Interest and debt expense(125)(3,160)(202)(6,694)(7,577)(1,340)
Other undisclosed income from continuing operations before equity method investments, income taxes   2026,6947,5771,340
Income (loss) from continuing operations before equity method investments, income taxes:17,95619,91618,78423,69618,108(13,483)
Other undisclosed income from continuing operations before income taxes1253,160    
Income (loss) from continuing operations before income taxes:18,08123,07618,78423,69618,108(13,483)
Income tax expense (benefit)(2,214)(4,646)(4,538)(3,228)(476)(3,933)
Income (loss) from continuing operations:15,86718,43014,24620,46817,632(17,416)
Income (loss) before gain (loss) on sale of properties:✕18,43014,24620,46817,632(17,416)
Net income (loss):15,86718,43014,24620,46817,632(17,416)
Other undisclosed net income attributable to parent      
Net income (loss) attributable to parent:15,86718,43014,24620,46817,632(17,416)
Other undisclosed net income (loss) available to common stockholders, basic(311)(409)(429)(764)(595)316
Net income (loss) available to common stockholders, diluted:15,55618,02113,81719,70417,037(17,100)

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):15,86718,43014,24620,46817,632(17,416)
Comprehensive income (loss), net of tax, attributable to parent:15,86718,43014,24620,46817,632(17,416)

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.

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