HealthEquity, Inc. (HQY) financial statements (2023 and earlier)

Company profile

Business Address 15 WEST SCENIC POINTE DRIVE
DRAPER, UT 84020
State of Incorp. DE
Fiscal Year End January 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:225329192361241181124
Cash and cash equivalents22532919236119914084
Other undisclosed cash, cash equivalents, and short-term investments    414140
Receivables87737126221714
Inventory, net of allowances, customer advances and progress billings    011
Inventory    011
Deferred tax assets   3
Other current assets3859358332
Other undisclosed current assets    (0)(0)(0)
Total current assets:351460297395265201143
Noncurrent Assets
Operating lease, right-of-use asset649083
Property, plant and equipment2329338854
Long-term investments and receivables    1  
Long-term investments    1  
Intangible assets, net (including goodwill)2,6192,0942,11684887071
Goodwill1,6461,3271,3335555
Intangible assets, net (excluding goodwill)97376778380846567
Deferred income tax assets  0
Other noncurrent assets50373521222
Other undisclosed noncurrent assets   252 
Total noncurrent assets:2,7562,2502,2681151047877
TOTAL ASSETS:3,1072,7102,565510369279220
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13212810029201612
Accounts payable28244232
Accrued liabilities5876469642
Employee-related liabilities475150171398
Debt96351    
Other undisclosed current liabilities1214     
Total current liabilities:15320515229201612
Noncurrent Liabilities
Long-term debt and lease obligation9879981,250    
Long-term debt, excluding current maturities9229241,182    
Operating lease, liability657468
Liabilities, other than long-term debt1141291333214
Deferred revenue and credits210
Deferred rent credit   3
Deferred tax liabilities, net  04
Deferred income tax liabilities100120130
Other liabilities1493    
Other undisclosed noncurrent liabilities   1   
Total noncurrent liabilities:1,1011,1271,3834214
Total liabilities:1,2551,3321,53533231716
Stockholders' equity
Stockholders' equity attributable to parent1,8531,3791,030477346262203
Common stock0000000
Additional paid in capital1,6771,158819305261232200
Accumulated other comprehensive loss    (0)(0)(0)
Retained earnings17622021217285304
Total stockholders' equity:1,8531,3791,030477346262203
TOTAL LIABILITIES AND EQUITY:3,1072,7102,565510369279220

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

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues757734532287230178127
Revenue, net927762
Financial services revenue13810165
Cost of revenue
(Cost of Goods and Services Sold)
(333)(318)(206)(106)(95)(72)(54)
Gross profit:42441532618113510673
Operating expenses(448)(381)(249)(104)(80)(65)(46)
Operating income (loss):(24)347778544126
Nonoperating expense(43)(30)(34)(2)(2)(1)(1)
Other nonoperating income (expense)(6)5(9)(2)(2)(1)(1)
Interest and debt expense(4)(35)(25)(1)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(71)(31)1875524026
Other undisclosed income from continuing operations before income taxes435251000
Income (loss) from continuing operations before income taxes:(67)44376524026
Income tax expense (benefit)225(3)(2)(5)(14)(9)
Net income (loss) available to common stockholders, diluted:(44)94074472617

Comprehensive Income ($ in millions)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income (loss):(44)94074472617
Comprehensive income (loss):(44)94074472617
Other undisclosed comprehensive loss, net of tax, attributable to parent    (0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(44)94074472617

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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