FlexShopper, Inc. (FPAY) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9765533
Cash and cash equivalents9765533
Receivables10864210
Prepaid expense1100000
Disposal group, including discontinued operation      0
Other undisclosed current assets4331322119114
Total current assets:6247453127167
Noncurrent Assets
Property, plant and equipment6533321
Intangible assets, net (including goodwill)    000
Intangible assets, net (excluding goodwill)    000
Regulated entity, other noncurrent assets   0   
Deposits noncurrent assets    000
Other undisclosed noncurrent assets0000  (0)
Total noncurrent assets:6533321
TOTAL ASSETS:6852493429179
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities116109431
Accounts payable8588421
Accrued liabilities3111000
Employee-related liabilities0100000
Debt511614  1
Disposal group, including discontinued operation      0
Other undisclosed current liabilities1      
Total current liabilities:1782623432
Noncurrent Liabilities
Long-term debt and lease obligation3935145109 
Long-term debt, excluding current maturities3733145109 
Operating lease, liability22
Liabilities, other than long-term debt0      
Accounts payable and accrued liabilities0      
Other undisclosed noncurrent liabilities1      
Total noncurrent liabilities:4035145109 
Total liabilities:5742402815112
Stockholders' equity
Stockholders' equity attributable to parent, including:1110861566
Additional paid in capital37353422222315
Accumulated deficit(48)(48)(49)(39)(31)(19)(10)
Other undisclosed stockholders' equity attributable to parent232323232322
Total stockholders' equity:1110861566
TOTAL LIABILITIES AND EQUITY:6852493429179

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues10289856748216
Revenue, net6748215
Operating leases, income statement, lease revenue82
Net investment income129120     
Cost of revenue(92)(80)(60)(30)(22)(17)(5)
Gross profit:11925372641
Operating expenses(6)(4)(30)(43)(36)(12)(5)
Other operating expense, net(14)(11)(9)    
Other undisclosed operating income14119    
Operating income (loss):55(5)(6)(10)(8)(4)
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:51(9)(8)(12)(9)1
Other undisclosed loss from continuing operations before income taxes(4)     (6)
Income (loss) from continuing operations before income taxes:01(9)(8)(12)(9)(5)
Income tax expense (benefit)(1)(0)   0(0)
Income (loss) from continuing operations:(0)1(9)(8)(12)(9)(5)
Loss from discontinued operations      (1)
Net income (loss):(0)1(9)(8)(12)(9)(6)
Other undisclosed net income attributable to parent     02
Net income (loss) attributable to parent:(0)1(9)(8)(12)(9)(4)
Preferred stock dividends and other adjustments(2)(2)(2)(2)(1)  
Other undisclosed net loss available to common stockholders, basic(1)      
Net loss available to common stockholders, diluted:(3)(2)(12)(11)(13)(9)(4)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(0)1(9)(8)(12)(9)(6)
Comprehensive income (loss), net of tax, attributable to parent:(0)1(9)(8)(12)(9)(6)

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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