Performant Financial Corporation (PFMT) financial statements (2021 and earlier)

Company profile

Business Address 333 NORTH CANYONS PARKWAY
LIVERMORE, CA 94551
State of Incorp. DE
Fiscal Year End December 31
SIC 738 - Miscellaneous Business Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 investments163522337180
Cash and cash equivalents163522337180
Restricted cash and investments22228  
Receivables28272112111815
Prepaid expense21     
Contract with customer, asset41 
Deferred costs    111
Income taxes receivable4
Other undisclosed current assets22420192020
Total current assets:5537325672110121
Noncurrent Assets
Operating lease, right-of-use asset57
Property, plant and equipment17192221242628
Intangible assets, net (including goodwill)4875838688108112
Goodwill47748282838383
Intangible assets, net (excluding goodwill)111562529
Regulated entity, other noncurrent assets      0
Deferred costs    012
Other undisclosed noncurrent assets111210(0)
Total noncurrent assets:72102106109113134142
TOTAL ASSETS:126139138164185245263
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities99    7
Accounts payable03    1
Employee-related liabilities96    5
Deferred revenue10
Debt 622  10
Estimated litigation liability11    19
Customer refund liability      12
Business combination, contingent consideration, liability 0     
Other liabilities44    8
Other undisclosed current liabilities62 12415155 
Total current liabilities:77191443515556
Noncurrent Liabilities
Long-term debt and lease obligation36441394485102
Long-term debt, excluding current maturities 5941394485102
Operating lease, liability35
Liabilities, other than long-term debt423231114
Deferred tax liabilities, net  1912
Deferred income tax liabilities 0
Other liabilities4232222
Business combination, contingent consideration, liability00     
Other undisclosed noncurrent liabilities  1643515556
Total noncurrent liabilities:766618499151172
Total liabilities:848575127150206227
Stockholders' equity
Stockholders' equity attributable to parent42547780869491
Common stock0000000
Additional paid in capital83817772666257
Retained earnings (accumulated deficit)(41)(27)(0)8213234
Total stockholders' equity:42547780869491
Other undisclosed liabilities and equity  (14)(43)(51)(55)(56)
TOTAL LIABILITIES AND EQUITY:126139138164185245263

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Gross profit:156150156132141159195
Operating expenses(170)(170)(157)(139)(149)(153)(168)
Operating income (loss):(14)(20)(2)(7)(8)727
Nonoperating income
(Investment Income, Nonoperating)
0000  0
Interest and debt expense(7)(8)(5)(7)(8)(9)(10)
Income (loss) from continuing operations before income taxes:(21)(27)(6)(14)(16)(2)17
Income tax expense (benefit)70(2)140(8)
Net income (loss) available to common stockholders, diluted:(14)(27)(8)(13)(11)(2)9

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(14)(27)(8)(13)(11)(2)9
Comprehensive income (loss):(14)(27)(8)(13)(11)(2)9
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (0)(0)00 
Comprehensive income (loss), net of tax, attributable to parent:(14)(27)(8)(13)(11)(2)9

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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