CSG Systems International, Inc. (CSGS) Financial Statements (2024 and earlier)

Company Profile

Business Address 169 INVERNESS DR W
ENGLEWOOD, CO 80112
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
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 investments150,436233,672240,297182,657162,880261,360
Cash and cash equivalents150,365205,635188,699156,548139,277122,243
Short-term investments 7128,03751,59826,10923,603139,117
Restricted cash and investments1,0001,4001,7002,7003,000 
Receivables328,289286,533266,575281,805279,774264,557
Other current assets48,57741,72741,68835,29332,28628,349
Other undisclosed current assets237,653184,867148,085166,627121,627 
Total current assets:765,955748,199698,345669,082599,567554,266
Noncurrent Assets
Operating lease, right-of-use asset49,68786,034110,75694,847
Property, plant and equipment71,78773,58081,75984,42981,81344,651
Long-term investments and receivables   7,9006,600  
Long-term investments   7,9006,600  
Intangible assets, net (including goodwill)304,036321,330298,775291,690357,672210,080
Goodwill304,036321,330272,322259,164255,816210,080
Intangible assets, net (excluding goodwill)  26,45332,526101,856 
Deferred income tax assets26,2068,58410,205 
Other noncurrent assets7,95615,84036,91027,73926,93410,948
Other undisclosed noncurrent assets122,926133,58287,350108,64348,37684,589
Total noncurrent assets:582,598638,950633,655613,948514,795350,268
TOTAL ASSETS:1,348,5531,387,1491,332,0001,283,0301,114,362904,534
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities340,021297,424271,569281,379230,324102,620
Settlement liabilities170,514148,819168,342123,613 
Taxes payable3986,6272,8062181,216
Employee-related liabilities91,11586,28977,52761,10762,984
Accounts payable47,72035,39729,83432,70445,38638,420
Accrued liabilities292,301     
Deferred revenue46,03353,74852,35745,094
Debt37,500237,50014,06332,7557,50022,500
Deferred revenue and credits41,885
Other liabilities22,88624,85219,38320,77835,44224,535
Other undisclosed current liabilities80,76981,57862,64338,68777,12531,053
Total current liabilities:527,209695,102420,015418,693350,391222,593
Noncurrent Liabilities
Long-term debt and lease obligation375,469207,287433,080425,445352,326309,236
Long-term debt, excluding current maturities375,469137,219337,154346,509352,326309,236
Liabilities, other than long-term debt90,62644,51656,51035,85433,09429,959
Deferred revenue and credits12,346
Accounts payable and accrued liabilities3,4104,0582,4362,5432,2842,415
Deferred revenue21,99119,59917,27518,552
Deferred tax liabilities, net8,2054,584
Deferred income tax liabilities1177,7525,109 
Other liabilities11,90113,10731,69014,75922,60510,614
Operating lease, liability53,20770,06895,92678,936
Other undisclosed noncurrent liabilities    6,37617,527 
Total noncurrent liabilities:466,095251,803489,590467,675402,947339,195
Total liabilities:993,304946,905909,605886,368753,338561,788
Equity
Equity, attributable to parent355,249436,609422,395396,662361,024342,746
Common stock708705700696693689
Treasury stock, value(1,018,034)(930,106)(894,126)(867,817)(842,360)(814,732)
Additional paid in capital495,189488,303470,557454,663441,417427,091
Accumulated other comprehensive loss(58,829)(38,353)(31,138)(39,503)(42,935)(28,822)
Retained earnings936,215916,060876,402848,623795,127749,438
Warrants and rights outstanding     9,0829,082
Equity, attributable to noncontrolling interest  3,635    
Total equity:355,249440,244422,395396,662361,024342,746
TOTAL LIABILITIES AND EQUITY:1,348,5531,387,1491,332,0001,283,0301,114,362904,534

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,089,7521,046,487990,533996,810875,059789,582
Revenue, net138,572
Cost of revenue(602,018)(570,544)(551,340)(550,162)(474,472)(411,418)
Cost of goods and services sold(565,168)(543,211)(535,597)(525,122)(449,820)(394,811)
Gross profit:487,734475,943439,193446,648400,587378,164
Operating expenses(408,987)(351,757)(333,637)(320,539)(295,655)(272,479)
Operating income:78,747124,186105,556126,109104,932105,685
Nonoperating expense(17,966)(23,240)(20,200)(20,386)(17,945)(17,975)
Investment income, nonoperating8773651,2441,7852,6463,246
Other nonoperating income (expense)5,045(6,015)(2,961)(1,604)550(1,637)
Interest and debt expense  (132)(1,900)(1,800)(810)(16,794)
Income from continuing operations before equity method investments, income taxes:60,781100,81483,456103,92386,17770,916
Other undisclosed income from continuing operations before income taxes  1321,9001,80081016,794
Income from continuing operations before income taxes:60,781100,94685,356105,72386,98787,710
Income tax expense(16,721)(28,615)(26,645)(22,953)(20,857)(26,346)
Income from continuing operations:44,06072,33158,71182,77066,13061,364
Income before gain (loss) on sale of properties:72,33158,71182,77066,13061,364
Net income available to common stockholders, diluted:44,06072,33158,71182,77066,13061,364

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:44,06072,33158,71182,77066,13061,364
Comprehensive income:44,06072,33158,71182,77066,13061,364
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(20,476)(7,215)8,3653,432(14,113)16,550
Comprehensive income, net of tax, attributable to parent:23,58465,11667,07686,20252,01777,914

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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