OneSpan Inc. (OSPN) Financial Statements (2023 and Earlier)

Company Profile

Business Address 121 W WACKER DR.
CHICAGO, IL 60601
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

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 investments63,38088,39484,28276,70878,661144,201123,483
Cash and cash equivalents63,38088,39484,28276,70878,66149,34578,522
Short-term investments     94,85644,961
Receivables56,61257,53762,40559,63148,96236,87929,936
Inventory, net of allowances, customer advances and progress billings10,34513,09319,81914,42812,04017,42020,618
Inventory10,34513,09319,81914,42812,04017,42020,618
Prepaid expense7,5947,8376,1984,7333,8763,2493,051
Contract with customer, asset4,6947,2027,0587,962✕✕✕
Capitalized contract cost2,1341,222676413✕✕✕
Disposal group, including discontinued operation     64
Other current assets9,3566,2566,3465,7054,6655,4044,778
Other undisclosed current assets32,97425,63724,83522,37679,733 1,495
Total current assets:187,089207,178211,619191,956227,937207,159183,365
Noncurrent Assets
Operating lease, right-of-use asset9,19711,35610,580✕✕✕✕
Property, plant and equipment10,75711,83511,4546,2504,7763,2813,099
Long-term investments and receivables     4,073 
Long-term investments     4,073 
Intangible assets, net (including goodwill)117,444124,748130,821137,30394,22046,54937,970
Goodwill96,17497,55294,61291,84156,332  
Intangible assets, net (excluding goodwill)21,27027,19636,20945,46237,88846,54937,970
Contract with customer, asset, net1951,8773,5653,316✕✕✕
Capitalized contract cost, net   2,150✕✕✕
Deferred income tax assets3,7867,0307,863✕✕✕✕
Other noncurrent assets13,80311,1798,6688,4005,22915,8726,535
Other undisclosed noncurrent assets   3,4515,46050,33680,853
Total noncurrent assets:155,182168,025172,951160,870109,685120,111128,457
TOTAL ASSETS:342,271375,203384,570352,826337,622327,270311,822
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33,58230,28542,74737,36231,20629,85731,737
Accounts payable8,2045,68410,8357,2028,1448,9158,803
Accrued liabilities7,6688,3348,7869,3237,7465,4547,820
Employee-related liabilities16,60713,64915,41513,93211,64310,89410,291
Taxes payable1,1032,6187,7116,9053,6734,5944,823
Deferred revenue54,61743,41730,338✕✕✕✕
Deferred compensation liability8771,6021,0281,3621,6521,7291,503
Disposal group, including discontinued operation     10 
Deferred revenue and credits✕✕✕✕33,29536,36422,450
Contract with customer, liability✕✕✕33,633✕✕✕
Total current liabilities:89,07675,30474,11372,35766,15367,96055,690
Noncurrent Liabilities
Long-term debt and lease obligation10,18012,39911,299    
Operating lease, liability10,18012,39911,299✕✕✕✕
Liabilities, other than long-term debt23,23530,16035,13728,02825,7862,7318,084
Accounts payable and accrued liabilities5,0546,0956,9587,62012,848  
Deferred revenue9,12511,73015,259✕✕✕✕
Contract with customer, liability✕✕✕10,672✕✕✕
Deferred tax liabilities, net✕✕✕2,661 8538,008
Deferred income tax liabilities1,2861,9124,623✕✕✕✕
Other liabilities7,77010,4238,2977,07512,9381,87876
Other undisclosed noncurrent liabilities    7,753  
Total noncurrent liabilities:33,41542,55946,43628,02833,5392,7318,084
Total liabilities:122,491117,863120,549100,38599,69270,69163,774
Stockholders' equity
Stockholders' equity attributable to parent219,780257,340264,021252,441237,930256,579248,048
Common stock40404040404040
Treasury stock, value(12,501)(5,030)     
Additional paid in capital100,25098,81996,10993,31090,30787,48185,766
Accumulated other comprehensive loss(11,182)(10,220)(13,295)(13,287)(8,568)(9,493)(5,794)
Retained earnings143,173173,731181,167172,378156,151178,551168,036
Total stockholders' equity:219,780257,340264,021252,441237,930256,579248,048
TOTAL LIABILITIES AND EQUITY:342,271375,203384,570352,826337,622327,270311,822

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues214,481215,691254,570212,280193,291192,304241,443
Revenue, net✕✕✕✕193,291192,304241,443
Cost of revenue(71,546)(63,439)(81,962)(64,813)(58,777)(61,647)(95,351)
Cost of goods and services sold(71,546)(63,439)(81,962)(64,813) (61,647) 
Gross profit:142,935152,252172,608147,467134,514130,657146,092
Operating expenses(169,063)(157,510)(157,333)(147,443)(128,322)(121,058)(95,639)
Operating income (loss):(26,128)(5,258)15,275246,1929,59950,453
Nonoperating income (expense)(15)1,8381,7203,7292,6531,151(1,166)
Investment income, nonoperating(1)4047471,2651,431  
Foreign currency transaction gain (loss), before tax  1,500200464111(1,247)
Other nonoperating income (expense)(14)1,434(527)2,2647581,04081
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (1,500)(200)(464)6751,611
Income (loss) from continuing operations before equity method investments, income taxes:(26,143)(3,420)15,4953,5538,38111,42550,898
Other undisclosed loss from continuing operations before income taxes     (1) 
Income (loss) from continuing operations before income taxes:(26,143)(3,420)15,4953,5538,38111,42450,898
Income tax expense (benefit)(4,441)(2,035)(6,706)293(30,780)(863)(8,704)
Net income (loss):(30,584)(5,455)8,7893,846(22,399)10,56142,194
Other undisclosed net loss attributable to parent     (47)(43)
Net income (loss) available to common stockholders, diluted:(30,584)(5,455)8,7893,846(22,399)10,51442,151

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(30,584)(5,455)8,7893,846(22,399)10,56142,194
Other comprehensive income   9553624 
Comprehensive income (loss):(30,584)(5,455)8,7893,941(22,346)11,18542,194
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(962)3,075(8)(4,814)4,289  
Comprehensive income (loss), net of tax, attributable to parent:(31,546)(2,380)8,781(873)(18,057)11,18542,194

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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