Pegasystems Inc. (PEGA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
ONE MAIN STREET CAMBRIDGE, MA 02142-1531 |
| State of Incorp. | MA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 297,221 | 362,779 | 465,168 | 68,363 | 207,423 | 223,748 | |||
| Cash and cash equivalents | 145,054 | 159,965 | 114,422 | 162,279 | |||||
| Short-term investments | 152,167 | 202,814 | 293,269 | 93,001 | 61,469 | ||||
| Other undisclosed cash, cash equivalents, and short-term investments | 171,899 | 68,363 | |||||||
| Receivables | 468,869 | 409,431 | 422,982 | 379,939 | 353,528 | 273,993 | |||
| Other current assets | 80,388 | 68,008 | 88,760 | 57,308 | 49,684 | 14,559 | |||
| Total current assets: | 846,478 | 840,218 | 976,910 | 505,610 | 610,635 | 512,300 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 36,635 | 40,359 | |||||||
| Intangible assets, net (including goodwill) | 92,287 | 95,986 | 79,231 | 79,039 | 94,093 | 104,851 | |||
| Goodwill | 81,399 | 81,923 | 79,231 | 79,039 | 72,858 | 72,952 | |||
| Intangible assets, net (excluding goodwill) | 10,888 | 14,063 | 21,235 | 31,899 | |||||
| Contract with customer, asset, after allowance for credit loss | 2,543 | ✕ | |||||||
| Deferred costs | 64,367 | ||||||||
| Other noncurrent assets | 333,989 | 541,601 | 434,843 | 278,427 | 147,823 | 6,969 | |||
| Other undisclosed noncurrent assets | 84,918 | 115,726 | 113,278 | 121,736 | 26,457 | 57,127 | |||
| Total noncurrent assets: | 511,194 | 753,313 | 627,352 | 479,202 | 371,918 | 209,306 | |||
| TOTAL ASSETS: | 1,357,672 | 1,593,531 | 1,604,262 | 984,812 | 982,553 | 721,606 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 68,550 | 200,117 | 206,301 | 169,602 | 146,664 | 128,918 | |||
| Employee-related liabilities | ✕ | ✕ | 120,946 | 123,012 | 104,126 | 84,671 | 66,040 | ||
| Accounts payable | 18,195 | 15,281 | 24,028 | 17,475 | 16,487 | 17,370 | |||
| Accrued liabilities | 50,355 | 63,890 | 59,261 | 48,001 | 45,506 | 45,508 | |||
| Deferred revenue | 325,212 | 275,844 | 232,865 | 190,080 | ✕ | ✕ | |||
| Restructuring reserve | 18,600 | ||||||||
| Other liabilities | 17,450 | 9,443 | 20,969 | 18,273 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 195,073 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 185,145 | ✕ | ||
| Other undisclosed current liabilities | 109,128 | ||||||||
| Total current liabilities: | 538,940 | 485,404 | 460,135 | 377,955 | 331,809 | 323,991 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 593,609 | 678,540 | 577,256 | 52,610 | |||||
| Long-term debt, excluding current maturities | 593,609 | 590,722 | 518,203 | ||||||
| Liabilities, other than long-term debt | 94,280 | 13,499 | 24,699 | 15,237 | 22,274 | 26,537 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,591 | ||
| Accounts payable and accrued liabilities | 4,717 | ||||||||
| Other liabilities | 15,128 | 13,499 | 24,699 | 15,237 | 22,274 | 15,229 | |||
| Operating lease, liability | 79,152 | 87,818 | 59,053 | 52,610 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 6,939 | ||||||||
| Total noncurrent liabilities: | 687,889 | 692,039 | 601,955 | 67,847 | 29,213 | 26,537 | |||
| Total liabilities: | 1,226,829 | 1,177,443 | 1,062,090 | 445,802 | 361,022 | 350,528 | |||
| Equity | |||||||||
| Equity, attributable to parent | 130,843 | 416,088 | 542,172 | 539,010 | 621,531 | 371,078 | |||
| Common stock | 824 | 817 | 809 | 796 | 785 | 781 | |||
| Additional paid in capital | 229,602 | 145,810 | 204,432 | 140,523 | 123,205 | 152,097 | |||
| Accumulated other comprehensive loss | (23,070) | (6,988) | (2,948) | (13,228) | (13,322) | (3,726) | |||
| Retained earnings (accumulated deficit) | (76,513) | 276,449 | 339,879 | 410,919 | 510,863 | 221,926 | |||
| Total equity: | 130,843 | 416,088 | 542,172 | 539,010 | 621,531 | 371,078 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,357,672 | 1,593,531 | 1,604,262 | 984,812 | 982,553 | 721,606 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,317,845 | 1,211,653 | 1,017,517 | 911,383 | 891,581 | 840,582 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 840,582 | |
| Cost of revenue (Cost of Goods and Services Sold) | (368,635) | (336,363) | (310,913) | (310,022) | (301,765) | (279,673) | ||
| Gross profit: | 949,210 | 875,290 | 706,604 | 601,361 | 589,816 | 560,909 | ||
| Operating expenses | (1,058,615) | (970,022) | (850,131) | (736,239) | (606,848) | (522,249) | ||
| Operating income (loss): | (109,405) | (94,732) | (143,527) | (134,878) | (17,032) | 38,660 | ||
| Nonoperating income (expense) | (44,600) | (29,299) | 37,994 | 32 | 5,489 | (1,560) | ||
| Investment income, nonoperating | (55,739) | (22,929) | 32,920 | 1,808 | 2,705 | 731 | ||
| Gain (loss), foreign currency transaction, before tax | 4,560 | (6,459) | 3,704 | (2,335) | 2,421 | (900) | ||
| Other nonoperating income (expense) | 6,579 | 89 | 1,370 | 559 | 363 | (1,391) | ||
| Interest and debt expense | (7,792) | (7,956) | (19,356) | |||||
| Income (loss) from continuing operations before income taxes: | (161,797) | (131,987) | (124,889) | (134,846) | (11,543) | 37,100 | ||
| Income tax expense (benefit) | (183,785) | 68,947 | 63,516 | 44,413 | 22,160 | (4,166) | ||
| Income (loss) from continuing operations: | (345,582) | (63,040) | (61,373) | (90,433) | 10,617 | 32,934 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (63,040) | (61,373) | (90,433) | 10,617 | 32,934 | |
| Net income (loss) available to common stockholders, basic: | (345,582) | (63,040) | (61,373) | (90,433) | 10,617 | 32,934 | ||
| Other undisclosed net loss available to common stockholders, diluted | ||||||||
| Net income (loss) available to common stockholders, diluted: | (345,582) | (63,040) | (61,373) | (90,433) | 10,617 | 32,934 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (345,582) | (63,040) | (61,373) | (90,433) | 10,617 | 32,934 | ||
| Other comprehensive income | 3,369 | |||||||
| Comprehensive income (loss): | (345,582) | (63,040) | (61,373) | (90,433) | 10,617 | 36,303 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (16,082) | (4,040) | 10,280 | 94 | (6,617) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (361,664) | (67,080) | (51,093) | (90,339) | 4,000 | 36,303 | ||
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.