ChannelAdvisor Corporation (ECOM) financial statements (2022 and earlier)

Company profile

Business Address 3025 CARRINGTON MILL BOULEVARD
MORRISVILLE, NC 27560
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments100,56771,54551,78547,18553,42265,42060,474
Cash and cash equivalents100,56771,54551,78547,18553,42265,42060,474
Receivables28,88624,70522,12623,43627,45219,44518,949
Deferred tax assets   198
Other undisclosed current assets15,49713,87410,4529,24816,46210,9729,158
Total current assets:144,950110,12484,36379,86997,33695,83788,779
Noncurrent Assets
Operating lease, right-of-use asset2,8568,14111,128
Property, plant and equipment7,6828,7079,59712,00710,87713,25216,696
Intangible assets, net (including goodwill)33,12135,14524,77125,38025,98924,29224,878
Goodwill30,04230,99023,48623,48623,48621,63221,632
Intangible assets, net (excluding goodwill)3,0794,1551,2851,8942,5032,6603,246
Capitalized contract cost, net17,95114,04012,81011,336
Restricted cash and investments      67
Deferred income tax assets32,6163,5513,584
Other noncurrent assets7969536141,515759533536
Deferred tax assets, net 5,5505,244 
Other undisclosed noncurrent assets   4,162   
Total noncurrent assets:95,02270,53762,50454,40043,17543,32142,177
TOTAL ASSETS:239,972180,661146,867134,269140,511139,158130,956
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,10114,1668,98610,95619,85415,77612,343
Accounts payable1,4571584091,5987,2434,7092,435
Accrued liabilities12,64414,0088,5779,35812,61111,0679,908
Deferred revenue29,94222,81921,000
Deferred revenue and credits27,14323,47419,835
Contract with customer, liability24,205
Other liabilities4,8316,0296,4313,5694,4774,4504,188
Total current liabilities:48,87443,01436,41738,73051,47443,70036,366
Noncurrent Liabilities
Long-term debt and lease obligation1,1825,4029,7941,4046411,2622,031
Finance lease, liability 827
Capital lease obligations1,4046411,2622,031
Operating lease, liability1,1825,3949,767
Liabilities, other than long-term debt1,7182,1541,0072,3436,4857,1998,635
Deferred revenue and credits3,3284,2065,084
Other liabilities1,7182,1541,0072,3433,1572,9933,551
Other undisclosed noncurrent liabilities   2,154   
Total noncurrent liabilities:2,9007,55610,8015,9017,1268,46110,666
Total liabilities:51,77450,57047,21844,63158,60052,16147,032
Stockholders' equity
Stockholders' equity attributable to parent188,198130,09199,64989,63881,91186,99783,924
Common stock30292827272625
Additional paid in capital300,875288,842278,111271,550262,805252,158240,360
Accumulated other comprehensive loss(2,237)(1,095)(1,740)(1,707)(789)(1,612)(893)
Accumulated deficit(110,470)(157,685)(176,750)(180,232)(180,132)(163,575)(155,568)
Total stockholders' equity:188,198130,09199,64989,63881,91186,99783,924
TOTAL LIABILITIES AND EQUITY:239,972180,661146,867134,269140,511139,158130,956

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues167,700145,100129,959131,218122,535113,200100,585
Cost of revenue
(Cost of Goods and Services Sold)
(38,232)(30,354)(29,008)(29,501)(25,950)(27,620)(4,986)
Other undisclosed gross profit29(28)    (20,848)
Gross profit:129,497114,718100,951101,71796,58585,58074,751
Operating expenses(110,569)(95,634)(97,149)(109,223)(113,163)(99,417)(95,944)
Operating income (loss):18,92819,0843,802(7,506)(16,578)(13,837)(21,193)
Nonoperating income (expense)(863)18436951930517257
Other nonoperating income (expense)(736)9(385)983173241
Interest and debt expense (35)(140)    
Income (loss) from continuing operations before equity method investments, income taxes:18,06519,2334,031(6,987)(16,273)(13,665)(21,136)
Other undisclosed income from continuing operations before income taxes 35140    
Income (loss) from continuing operations before income taxes:18,06519,2684,171(6,987)(16,273)(13,665)(21,136)
Income tax expense (benefit)29,150(443)(689)(614)(284)5,658185
Net income (loss) available to common stockholders, diluted:47,21518,8253,482(7,601)(16,557)(8,007)(20,951)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):47,21518,8253,482(7,601)(16,557)(8,007)(20,951)
Comprehensive income (loss):47,21518,8253,482(7,601)(16,557)(8,007)(20,951)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,142)645(33)(918)823(719)(763)
Comprehensive income (loss), net of tax, attributable to parent:46,07319,4703,449(8,519)(15,734)(8,726)(21,714)

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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