PAR Technology Corporation (PAR) Financial Statements (2023 and Earlier)

Company Profile

Business Address PAR TECHNOLOGY PARK
NEW HARTFORD, NY 13413
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3578 - Calculating and Accounting Machines, Except Electronic Computers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments188,419180,68628,0363,4856,6009,0558,024
Cash and cash equivalents188,419180,68628,0363,4856,6009,0558,024
Receivables49,97842,98041,77426,21930,07734,47632,850
Inventory, net of allowances, customer advances and progress billings35,07821,63819,32622,73721,74626,23721,499
Inventory35,07821,63819,32622,73721,74626,23721,499
Disposal group, including discontinued operation     462 
Other current assets9,5323,6254,4273,2514,2094,0273,808
Other undisclosed current assets     7,7673,421
Total current assets:283,007248,92993,56355,69262,63282,02469,602
Noncurrent Assets
Operating lease, right-of-use asset4,3482,569 
Property, plant and equipment13,70913,85614,35112,57510,7557,0355,716
Intangible assets, net (including goodwill)576,06974,33574,33421,91023,12122,01721,949
Goodwill457,30641,21441,38611,05111,05111,05111,051
Intangible assets, net (excluding goodwill)118,76333,12132,94810,85912,07010,96610,898
Other noncurrent assets11,0164,0604,3474,5044,3073,7853,687
Other undisclosed noncurrent assets  3,017 13,8099,65014,358
Total noncurrent assets:605,14294,82096,04938,98951,99242,48745,710
TOTAL ASSETS:888,149343,749189,61294,681114,624124,511115,312
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43,15228,58727,33020,69724,53326,83924,440
Accounts payable20,84512,79116,38512,64414,33216,68711,729
Accrued liabilities5,0422,6063,1762,1133,9264,6826,705
Employee-related liabilities17,26513,1907,7695,9406,2755,4705,727
Taxes payable      279
Deferred revenue14,3949,50612,084
Debt7056666307,8191951872,103
Disposal group, including discontinued operation      441
Deferred revenue and credits  10,639
Customer advances and deposits12,90919,814180
Contract with customer, liability9,851
Other liabilities   2,550   
Other undisclosed current liabilities2,2661,2002,060 950  
Total current liabilities:60,51739,95942,10440,91738,58746,84037,803
Noncurrent Liabilities
Long-term debt and lease obligation308,285107,30662,414 185379566
Long-term debt, excluding current maturities305,845105,84462,414 185379566
Operating lease, liability2,4401,462 
Liabilities, other than long-term debt15,0028,07911,2267,8186,8667,7128,883
Deferred revenue7,5973,0823,916
Contract with customer, liability4,407
Other liabilities7,4054,9977,3103,4116,8667,7128,883
Other undisclosed noncurrent liabilities  1,021    
Total noncurrent liabilities:323,287115,38574,6617,8187,0518,0919,449
Total liabilities:383,804155,344116,76548,73545,63854,93147,252
Stockholders' equity
Stockholders' equity attributable to parent504,345188,40572,84745,94668,98669,58068,060
Common stock562459367357354350347
Treasury stock, value(10,945)(4,987)(6,380)(5,836)(5,836)(5,836)(5,836)
Additional paid in capital640,937243,57594,37250,25148,34946,20345,753
Accumulated other comprehensive loss(3,704)(3,936)(5,368)(4,253)(3,430)(3,494)(2,778)
Retained earnings (accumulated deficit)(122,505)(46,706)(10,144)5,42729,54932,35730,574
Total stockholders' equity:504,345188,40572,84745,94668,98669,58068,060
TOTAL LIABILITIES AND EQUITY:888,149343,749189,61294,681114,624124,511115,312

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues282,876213,786187,232201,246232,605229,653229,003
Revenue, net232,605229,653229,003
Cost of revenue
(Cost of Goods and Services Sold)
(220,755)(174,461)(148,758)(162,783)(179,775)(183,453)(182,864)
Gross profit:62,12139,32538,47438,46352,83046,20046,139
Operating expenses(116,002)(63,271)(51,605)(48,361)(52,951)(43,987)(39,510)
Operating income (loss):(53,881)(23,946)(13,131)(9,898)(121)2,2136,629
Nonoperating income (expense)(1,279)808(1,503)3066291,316(800)
Investment income, nonoperating      (776)
Other nonoperating income (expense)  (424)3066291,316(800)
Interest and debt expense(11,916)(8,123)(2,000)   (308)
Income (loss) from continuing operations before equity method investments, income taxes:(67,076)(31,261)(16,634)(9,592)5083,5295,521
Other undisclosed income (loss) from continuing operations before income taxes(18,147)(8,287)(2,571)(387)(121)121 
Income (loss) from continuing operations before income taxes:(85,223)(39,548)(19,205)(9,979)3873,6505,521
Income tax expense (benefit)9,4242,9863,634(14,143)(3,997)(1,147)(1,500)
Net income (loss):(75,799)(36,562)(15,571)(24,122)(3,610)2,5034,021
Other undisclosed net income (loss) attributable to parent    224(720)(4,912)
Net income (loss) available to common stockholders, diluted:(75,799)(36,562)(15,571)(24,122)(3,386)1,783(891)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(75,799)(36,562)(15,571)(24,122)(3,610)2,5034,021
Other comprehensive loss     (944)(944)
Comprehensive income (loss):(75,799)(36,562)(15,571)(24,122)(3,610)1,5593,077
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2321,432(1,115)(823)288(492)(5,430)
Comprehensive income (loss), net of tax, attributable to parent:(75,567)(35,130)(16,686)(24,945)(3,322)1,067(2,353)

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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