OneSpan Inc. (OSPN) financial statements (2020 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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments84777914412313799
Cash and cash equivalents84777949797299
Short-term investments   954565 
Receivables62604937303129
Inventory, net of allowances, customer advances and progress billings20141217213426
Inventory20141217213426
Prepaid expense654332 
Contract with customer, asset78✕✕✕✕✕
Capitalized contract cost10✕✕✕✕✕
Disposal group, including discontinued operation   00 2
Prepaid expense and other current assets✕✕✕✕✕✕5
Other current assets665551 
Other undisclosed current assets252280 112
Total current assets:212192228207183206162
Noncurrent Assets
Operating lease, right-of-use asset11✕✕✕✕✕✕
Property, plant and equipment11653333
Long-term investments and receivables   4   
Long-term investments   4   
Intangible assets, net (including goodwill)1311379447381340
Goodwill959256   24
Intangible assets, net (excluding goodwill)36453847381317
Contract with customer, asset, net43✕✕✕✕✕
Capitalized contract cost, net 2✕✕✕✕✕
Deferred income tax assets8✕✕✕✕✕✕
Other noncurrent assets9851677 
Prepaid expense and other noncurrent assets✕✕✕✕✕✕7
Other undisclosed noncurrent assets 35508122 
Total noncurrent assets:1731611101201284550
TOTAL ASSETS:385353338327312251212
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43373130322618
Accounts payable117899116
Accrued liabilities998585 
Employee-related liabilities151412111087
Taxes payable8745524
Deferred revenue30✕✕✕✕✕✕
Deferred compensation liability112221 
Disposal group, including discontinued operation   0 00
Deferred revenue and credits✕✕3336221816
Deferred tax liabilities✕    11
Contract with customer, liability✕34✕✕✕✕✕
Other undisclosed current liabilities     (1)3
Total current liabilities:74726668564537
Noncurrent Liabilities
Long-term debt and lease obligation11      
Operating lease, liability11✕✕✕✕✕✕
Liabilities, other than long-term debt3528263811
Accounts payable and accrued liabilities7813    
Deferred revenue15✕✕✕✕✕✕
Contract with customer, liability✕11✕✕✕✕✕
Deferred compensation liability, classified      0
Deferred tax liabilities, net✕3 1800
Deferred income tax liabilities5✕✕✕✕✕✕
Liability for uncertainty in income taxes     11
Other liabilities87132000
Other undisclosed noncurrent liabilities  8  (1)(1)
Total noncurrent liabilities:4628343800
Total liabilities:12110010071644538
Stockholders' equity
Stockholders' equity attributable to parent264252238257248206174
Common stock0000000
Additional paid in capital96939087868280
Accumulated other comprehensive income (loss)(13)(13)(9)(9)(6)(3)2
Retained earnings18117215617916812692
Total stockholders' equity:264252238257248206174
TOTAL LIABILITIES AND EQUITY:385353338327312251212

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues255212193192241202155
Revenue, net✕✕193192241202155
Cost of revenue(82)(65)(59)(62)(95)(74)(55)
Cost of goods and services sold(82)(65) (62)   
Gross profit:173147135131146128100
Operating expenses(157)(147)(128)(121)(96)(90)(86)
Operating income:150610503814
Nonoperating income (expense)2431(1)(2)0
Investment income, nonoperating111    
Foreign currency transaction gain (loss), before tax2000(1)(1) 
Other nonoperating income (expense)(1)2110(0)0
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2)(0)(0)1220
Income from continuing operations before equity method investments, income taxes:154811513814
Other undisclosed loss from continuing operations before income taxes   (0)   
Income from continuing operations before income taxes:154811513814
Income tax expense (benefit)(7)0(31)(1)(9)(5)(3)
Net income (loss):94(22)11423311
Other undisclosed net income (loss) attributable to parent   (0)(0)10
Net income (loss) available to common stockholders, diluted:94(22)11423311

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):94(22)11423311
Other comprehensive income 001   
Comprehensive income (loss):94(22)11423311
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(5)4    
Comprehensive income (loss), net of tax, attributable to parent:9(1)(18)11423311

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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