Castlight Health, Inc. (CSLT) financial statements (2022 and earlier)

Company profile

Business Address 150 SPEAR STREET
SAN FRANCISCO, CA 94105
State of Incorp.
Fiscal Year End December 31
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)

9/30/2021
TTM
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 investments 49,24259,42877,33293,344114,604120,424
Cash and cash equivalents 49,24243,01766,00561,31948,72219,150
Short-term investments  16,41111,32732,02565,882101,274
Restricted cash and investments  181    
Receivables    20,76114,80613,112
Other current assets      150
Other undisclosed current assets 35,54035,86130,49610,39411,6008,699
Total current assets: 84,78295,470107,828124,499141,010142,385
Noncurrent Assets
Operating lease, right-of-use asset 10,23813,906
Property, plant and equipment 5,3214,8563,9635,2635,2856,896
Long-term investments and receivables      13,335
Long-term investments      13,335
Intangible assets, net (including goodwill) 49,415103,963107,994112,038  
Goodwill 41,48591,78591,78591,785  
Intangible assets, net (excluding goodwill) 7,93012,17816,20920,253  
Capitalized contract cost, net 9,55614,71820,142
Restricted cash and investments 1,1441,144 1,3251,1441,000
Other noncurrent assets 1,8552,0162,1291,9974,6774,735
Other undisclosed noncurrent assets 4,4626,71111,4584,1805,0504,923
Total noncurrent assets: 81,991147,314145,686124,80316,15630,889
TOTAL ASSETS: 166,773242,784253,514249,302157,166173,274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 13,77828,36615,53120,32911,73114,861
Accounts payable 5,14519,5969,5563,9072,2883,384
Accrued liabilities    2,481  
Employee-related liabilities 8,6338,7705,97513,9419,44311,477
Deferred revenue 6,84810,173
Debt  1,8591,859600  
Deferred revenue and credits29,41030,62326,590
Contract with customer, liability20,193
Other liabilities  9,6689,5287,540  
Other undisclosed current liabilities 13,6874,8414,0672,5576,3694,550
Total current liabilities: 34,31354,90751,17860,43648,72346,001
Noncurrent Liabilities
Long-term debt and lease obligation 7,44613,2183,2544,958  
Long-term debt, excluding current maturities  1,3953,2544,958  
Operating lease, liability 7,44611,823
Liabilities, other than long-term debt 1,1481,7854,4118,5866,4818,919
Deferred revenue and credits6,6865,2457,522
Deferred revenue 663572
Contract with customer, liability1,030
Other liabilities 4851,2133,3811,9001,2361,397
Total noncurrent liabilities: 8,59415,0037,66513,5446,4818,919
Total liabilities: 42,90769,91058,84373,98055,20454,920
Stockholders' equity
Stockholders' equity attributable to parent, including: 123,866172,874194,671175,322101,962118,354
Additional paid in capital 641,075627,899609,697586,900457,596415,519
Accumulated other comprehensive income (loss)  2 (22) (79)
Accumulated deficit (517,225)(455,042)(415,040)(411,569)(355,644)(297,096)
Other undisclosed stockholders' equity attributable to parent 161514131010
Total stockholders' equity: 123,866172,874194,671175,322101,962118,354
TOTAL LIABILITIES AND EQUITY: 166,773242,784253,514249,302157,166173,274

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 146,709143,308156,404131,429101,70075,315
Revenue, net131,429101,70075,315
Cost of revenue
(Cost of Goods and Services Sold)
 (52,042)(59,074)(60,189)(47,184)(34,561)(33,768)
Gross profit: 94,66784,23496,21584,24567,13941,547
Operating expenses (157,453)(125,572)(136,109)(145,640)(126,119)(121,765)
Operating loss: (62,786)(41,338)(39,894)(61,395)(58,980)(80,218)
Nonoperating income
(Other Nonoperating income)
 6031,336188618432298
Interest and debt expense (200)(300)    
Loss from continuing operations before equity method investments, income taxes: (62,383)(40,302)(39,706)(60,777)(58,548)(79,920)
Other undisclosed income from continuing operations before income taxes 183300    
Loss from continuing operations before income taxes: (62,200)(40,002)(39,706)(60,777)(58,548)(79,920)
Income tax expense    (5,206)  
Net loss: (62,200)(40,002)(39,706)(65,983)(58,548)(79,920)
Other undisclosed net income attributable to parent 17  10,412  
Net loss available to common stockholders, diluted: (62,183)(40,002)(39,706)(55,571)(58,548)(79,920)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (62,200)(40,002)(39,706)(65,983)(58,548)(79,920)
Comprehensive loss: (62,200)(40,002)(39,706)(65,983)(58,548)(79,920)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 1522210,39079(39)
Comprehensive loss, net of tax, attributable to parent: (62,185)(40,000)(39,684)(55,593)(58,469)(79,959)

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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