Guidewire Software, Inc. (GWRE) Financial Statements (2024 and earlier)

Company Profile

Business Address 970 PARK PL, SUITE 200
SAN MATEO, CA 94403
State of Incorp. DE
Fiscal Year End July 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

10/31/2023
MRQ
7/31/2023
1/31/2023
MRQ
7/31/2022
7/31/2021
7/31/2020
7/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments798,685714,732976,1681,119,4271,133,4961,124,237
Cash and cash equivalents401,813274,899606,303384,910366,969254,101
Short-term investments396,872439,833369,865734,517766,527870,136
Receivables151,034127,627143,797104,068114,242138,443
Prepaid expense 21,761 24,27320,33016,96911,926
Contract with customer, asset, after allowance for credit loss87,752100,31371,51579,06149,49136,728
Capitalized contract cost15,91815,20014,84313,3659,5887,015
Deferred costs 6,753 9,9699,2478,3997,030
Other undisclosed current assets17,70048,39112,1389,78711,0339,595
Total current assets:1,099,6031,006,2631,252,7031,355,2851,343,2181,334,974
Noncurrent Assets
Operating lease, right-of-use asset52,37385,47990,28797,447103,797 
Property, plant and equipment54,49978,54480,74080,06165,23565,809
Long-term investments and receivables128,782155,306187,507227,164300,771213,524
Long-term investments128,782155,306187,507227,164300,771213,524
Intangible assets, net (including goodwill)386,687389,421393,553360,620380,585407,419
Goodwill372,214372,214372,192340,877340,877340,877
Intangible assets, net (excluding goodwill)14,47317,20721,36119,74339,70866,542
Prepaid expense      2,640
Contract with customer, asset, after allowance for credit loss11,11214,57613,91424,36134,7379,375
Capitalized contract cost, net      23,375
Deferred costs      8,867
Deferred income tax assets226,875218,308191,461138,428101,565 
Other noncurrent assets67,95756,05056,73238,47934,94445,554
Other undisclosed noncurrent assets      55,426
Total noncurrent assets:928,285997,6841,014,194966,5601,021,634831,989
TOTAL ASSETS:2,027,8882,003,9472,266,8972,321,8452,364,8522,166,963
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities138,60796,089131,402129,96781,181107,620
Employee-related liabilities58,06490,962102,13758,54773,365
Accounts payable34,62738,02540,44027,83022,63434,255
Accrued liabilities103,980     
Deferred revenue206,923145,963170,776138,699118,311108,304
Other liabilities27,73133,15735,34031,64825,70616,348
Total current liabilities:373,261275,209337,518300,314225,198232,272
Noncurrent Liabilities
Long-term debt and lease obligation:   105,123115,374119,408 
Liabilities, other than long-term debt57,990112,25014,38317,43833,27043,168
Deferred revenue5,9886,0227,5007,23714,68523,527
Other liabilities9,0307,1836,88310,20118,58519,641
Operating lease, liability42,97299,045105,123115,374119,408 
Other undisclosed noncurrent liabilities397,171396,316358,216343,825330,208317,322
Total noncurrent liabilities:455,161508,566477,722476,637482,886360,490
Total liabilities:828,422783,775815,240776,951708,084592,762
Equity
Equity, attributable to parent1,199,4661,220,1721,451,6571,544,8941,656,7681,574,201
Common stock888888
Additional paid in capital1,831,2671,719,0201,755,4761,617,2041,499,0501,391,904
Accumulated other comprehensive loss(13,859)(16,061)(19,845)(6,218)(5,246)(7,758)
Retained earnings (accumulated deficit)(617,950)(482,795)(283,982)(66,100)162,956190,047
Total equity:1,199,4661,220,1721,451,6571,544,8941,656,7681,574,201
TOTAL LIABILITIES AND EQUITY:2,027,8882,003,9472,266,8972,321,8452,364,8522,166,963

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

10/31/2023
TTM
7/31/2023
1/31/2023
TTM
7/31/2022
7/31/2021
7/31/2020
7/31/2019
Revenues905,341869,940812,614743,267742,307719,514
Cost of revenue
(Cost of Goods and Services Sold)
(447,130)(481,509)(460,394)(375,054)(338,015)(324,350)
Gross profit:458,211388,431352,220368,213404,292395,164
Operating expenses(607,701)(580,813)(551,667)(473,797)(428,178)(393,693)
Operating income (loss):(149,490)(192,382)(199,447)(105,584)(23,886)1,471
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2,277)(12,770)(17,099)12,619(7,205)(1,867)
Interest and debt expense(6,716)(13,170)(19,446)(18,711)(17,945)(17,334)
Loss from continuing operations before equity method investments, income taxes:(158,483)(218,322)(235,992)(111,676)(49,036)(17,730)
Other undisclosed income from continuing operations before income taxes24,38914,9346,2777,39524,70530,182
Income (loss) from continuing operations before income taxes:(134,094)(203,388)(229,715)(104,281)(24,331)12,452
Income tax expense (benefit)22,23936,40749,28437,774(2,867)8,280
Income (loss) from continuing operations:(111,855)(166,981)(180,431)(66,507)(27,198)20,732
Income (loss) before gain (loss) on sale of properties:(157,792)(180,431)(66,507)(27,198)20,732
Net income (loss) available to common stockholders, basic:(111,855)(166,981)(180,431)(66,507)(27,198)20,732
Interest on convertible debt   1,600   
Other undisclosed net income available to common stockholders, diluted  1,600    
Net income (loss) available to common stockholders, diluted:(111,855)(165,381)(178,831)(66,507)(27,198)20,732

Comprehensive Income ($ in thousands)

10/31/2023
TTM
7/31/2023
1/31/2023
TTM
7/31/2022
7/31/2021
7/31/2020
7/31/2019
Net income (loss):(111,855)(166,981)(180,431)(66,507)(27,198)20,732
Other comprehensive income (loss)5,986(4,047)(13,627)(972)2,619(10)
Comprehensive income (loss), net of tax, attributable to parent:(105,869)(171,028)(194,058)(67,479)(24,579)20,722

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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