FlexShopper, Inc. (FPAY) financial statements (2020 and earlier)

Company profile

Business Address 901 YAMATO ROAD
BOCA RATON, FL 33431
State of Incorp. DE
Fiscal Year End December 31
SIC 7359 - Equipment Rental and Leasing, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7655331
Cash and cash equivalents7655331
Receivables86421011
Prepaid expense100000 
Disposal group, including discontinued operation     0 
Other undisclosed current assets31322119114(6)
Total current assets:474531271676
Noncurrent Assets
Property, plant and equipment5333210
Intangible assets, net (including goodwill)   000
Intangible assets, net (excluding goodwill)   000 
Regulated entity, other noncurrent assets  0    
Deposits noncurrent assets   0000
Other undisclosed noncurrent assets000  (0)0
Total noncurrent assets:5333210
TOTAL ASSETS:524934291796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities61094310
Accounts payable5884210
Accrued liabilities1110000
Employee-related liabilities1000000
Debt11614  13
Disposal group, including discontinued operation     0 
Deferred revenue and credits    0
Total current liabilities:826234323
Noncurrent Liabilities
Long-term debt and lease obligation35145109  
Long-term debt, excluding current maturities33145109  
Operating lease, liability2
Total noncurrent liabilities:35145109  
Total liabilities:424028151123
Stockholders' equity
Stockholders' equity attributable to parent, including:108615663
Additional paid in capital3534222223159
Accumulated deficit(48)(49)(39)(31)(19)(10)(6)
Other undisclosed stockholders' equity attributable to parent23232323221
Total stockholders' equity:108615663
TOTAL LIABILITIES AND EQUITY:524934291796

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues898567482162
Revenue, net6748215 
Operating leases, income statement, lease revenue82
Net investment income120      
Financial services revenue   12
Cost of revenue(80)(60)(30)(22)(17)(5) 
Gross profit:9253726412
Operating expenses(4)(30)(43)(36)(12)(5)(3)
Other operating expense, net(11)(9)     
Other undisclosed operating income119     
Operating income (loss):5(5)(6)(10)(8)(4)(0)
Nonoperating income
(Investment Income, Nonoperating)
     5 
Interest and debt expense(4)(4)(2)(2)(1)(0) 
Income (loss) from continuing operations before equity method investments, income taxes:1(9)(8)(12)(9)1(0)
Other undisclosed loss from continuing operations before income taxes     (6)(0)
Income (loss) from continuing operations before income taxes:1(9)(8)(12)(9)(5)(1)
Income tax expense (benefit)(0)   0(0) 
Income (loss) from continuing operations:1(9)(8)(12)(9)(5)(1)
Loss from discontinued operations     (1) 
Net income (loss):1(9)(8)(12)(9)(6)(1)
Other undisclosed net income attributable to parent    02 
Net income (loss) attributable to parent:1(9)(8)(12)(9)(4)(1)
Preferred stock dividends and other adjustments(2)(2)(2)(1)   
Net loss available to common stockholders, diluted:(2)(12)(11)(13)(9)(4)(1)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):1(9)(8)(12)(9)(6)(1)
Comprehensive income (loss), net of tax, attributable to parent:1(9)(8)(12)(9)(6)(1)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: