OneSpan Inc. (OSPN) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

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 investments88847779144123137
Cash and cash equivalents88847779497972
Short-term investments    954565
Receivables58626049373031
Inventory, net of allowances, customer advances and progress billings13201412172134
Inventory13201412172134
Prepaid expense8654332
Contract with customer, asset778✕✕✕✕
Capitalized contract cost110✕✕✕✕
Disposal group, including discontinued operation    00 
Other current assets6665551
Other undisclosed current assets26252280 11
Total current assets:207212192228207183206
Noncurrent Assets
Operating lease, right-of-use asset1111✕✕✕✕✕
Property, plant and equipment121165333
Long-term investments and receivables    4  
Long-term investments    4  
Intangible assets, net (including goodwill)12513113794473813
Goodwill98959256   
Intangible assets, net (excluding goodwill)27364538473813
Contract with customer, asset, net243✕✕✕✕
Capitalized contract cost, net  2✕✕✕✕
Deferred income tax assets78✕✕✕✕✕
Other noncurrent assets119851677
Other undisclosed noncurrent assets  35508122
Total noncurrent assets:16817316111012012845
TOTAL ASSETS:375385353338327312251
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30433731303226
Accounts payable611789911
Accrued liabilities8998585
Employee-related liabilities1415141211108
Taxes payable3874552
Deferred revenue4330✕✕✕✕✕
Deferred compensation liability2112221
Disposal group, including discontinued operation    0 0
Deferred revenue and credits✕✕✕33362218
Deferred tax liabilities✕✕    1
Contract with customer, liability✕✕34✕✕✕✕
Other undisclosed current liabilities      (1)
Total current liabilities:75747266685645
Noncurrent Liabilities
Long-term debt and lease obligation1211     
Operating lease, liability1211✕✕✕✕✕
Liabilities, other than long-term debt30352826381
Accounts payable and accrued liabilities67813   
Deferred revenue1215✕✕✕✕✕
Contract with customer, liability✕✕11✕✕✕✕
Deferred tax liabilities, net✕✕3 180
Deferred income tax liabilities25✕✕✕✕✕
Liability for uncertainty in income taxes      1
Other liabilities108713200
Other undisclosed noncurrent liabilities   8  (1)
Total noncurrent liabilities:43462834380
Total liabilities:118121100100716445
Stockholders' equity
Stockholders' equity attributable to parent257264252238257248206
Common stock0000000
Treasury stock, value(5)      
Additional paid in capital99969390878682
Accumulated other comprehensive loss(10)(13)(13)(9)(9)(6)(3)
Retained earnings174181172156179168126
Total stockholders' equity:257264252238257248206
TOTAL LIABILITIES AND EQUITY:375385353338327312251

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues216255212193192241202
Revenue, net✕✕✕193192241202
Cost of revenue(63)(82)(65)(59)(62)(95)(74)
Cost of goods and services sold(63)(82)(65) (62)  
Gross profit:152173147135131146128
Operating expenses(158)(157)(147)(128)(121)(96)(90)
Operating income (loss):(5)1506105038
Nonoperating income (expense)22431(1)(2)
Investment income, nonoperating0111   
Foreign currency transaction gain (loss), before tax 2000(1)(1)
Other nonoperating income (expense)1(1)2110(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (2)(0)(0)122
Income (loss) from continuing operations before equity method investments, income taxes:(3)1548115138
Other undisclosed loss from continuing operations before income taxes    (0)  
Income (loss) from continuing operations before income taxes:(3)1548115138
Income tax expense (benefit)(2)(7)0(31)(1)(9)(5)
Net income (loss):(5)94(22)114233
Other undisclosed net income (loss) attributable to parent    (0)(0)1
Net income (loss) available to common stockholders, diluted:(5)94(22)114233

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(5)94(22)114233
Other comprehensive income  001  
Comprehensive income (loss):(5)94(22)114233
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3(0)(5)4   
Comprehensive income (loss), net of tax, attributable to parent:(2)9(1)(18)114233

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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