Performant Financial Corporation (PFMT) financial statements (2022 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 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 investments17,34716,0433,3735,46221,73132,98271,182
Cash and cash equivalents17,34716,0433,3735,46221,73132,98271,182
Restricted cash and investments2,2032,2531,6221,8131,7887,502 
Receivables23,96727,97427,33420,87912,49411,48417,965
Prepaid expense1,7002,0001,100    
Contract with customer, asset8,1134,4661,339 
Deferred costs     1,2941,078
Other undisclosed current assets1,3771,7842,2293,59919,51718,75020,103
Total current assets:54,70754,52036,99731,75355,53072,012110,328
Noncurrent Assets
Operating lease, right-of-use asset3,2355,0436,834
Property, plant and equipment15,70817,49718,76922,25520,94423,73525,515
Intangible assets, net (including goodwill)47,37248,06175,29782,73286,43688,417107,596
Goodwill47,37247,37274,37281,57281,57282,52282,522
Intangible assets, net (excluding goodwill) 6899251,1604,8645,89525,074
Deferred costs     2721,038
Other undisclosed noncurrent assets9631,1069751,0191,526642179
Total noncurrent assets:67,27871,707101,875106,006108,906113,066134,328
TOTAL ASSETS:121,985126,227138,872137,759164,436185,078244,656
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,6009,2068,658    
Accounts payable1,1244072,532    
Employee-related liabilities8,4768,7996,126    
Deferred revenue63486783
Debt  6,0952,2242,029  
Estimated litigation liability1,1901,0141,018    
Business combination, contingent consideration, liability  62    
Other liabilities3,7323,8413,514    
Other undisclosed current liabilities2,35162,284 11,86341,05151,46954,794
Total current liabilities:17,50777,21219,43014,08743,08051,46954,794
Noncurrent Liabilities
Long-term debt and lease obligation20,8873,44263,54641,10538,55543,87885,182
Long-term debt, excluding current maturities19,084 58,56241,10538,55543,87885,182
Operating lease, liability1,8033,4424,984
Liabilities, other than long-term debt1,1683,5932,2713,3832,4763,48610,824
Deferred tax liabilities, net  1,1308,818
Deferred income tax liabilities  35
Other liabilities1,1683,5041,7613,3832,4762,3562,006
Business combination, contingent consideration, liability 89475    
Other undisclosed noncurrent liabilities   16,04543,08051,46954,794
Total noncurrent liabilities:22,0557,03565,81760,53384,11198,833150,800
Total liabilities:39,56284,24785,24774,620127,191150,302205,594
Stockholders' equity
Stockholders' equity attributable to parent82,42341,98053,62577,22680,32586,24593,856
Common stock7555555
Additional paid in capital133,66282,93380,58977,37072,45965,65061,808
Retained earnings (accumulated deficit)(51,246)(40,958)(26,969)(149)7,86120,59032,043
Total stockholders' equity:82,42341,98053,62577,22680,32586,24593,856
Other undisclosed liabilities and equity   (14,087)(43,080)(51,469)(54,794)
TOTAL LIABILITIES AND EQUITY:121,985126,227138,872137,759164,436185,078244,656

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
Revenues124,393155,937150,432155,668132,049141,360159,381
Gross profit:124,393155,937150,432155,668132,049141,360159,381
Operating expenses(125,709)(169,902)(170,081)(157,465)(139,135)(149,286)(152,673)
Operating income (loss):(1,316)(13,965)(19,649)(1,797)(7,086)(7,926)6,708
Nonoperating income
(Investment Income, Nonoperating)
 2141284  
Interest and debt expense(11,313)(7,227)(7,589)(4,699)(6,972)(7,897)(8,889)
Loss from continuing operations before equity method investments, income taxes:(12,629)(21,171)(27,197)(6,468)(14,054)(15,823)(2,181)
Other undisclosed income from continuing operations before income taxes2,403      
Loss from continuing operations before income taxes:(10,226)(21,171)(27,197)(6,468)(14,054)(15,823)(2,181)
Income tax expense (benefit)(62)7,182377(1,542)1,3254,370386
Net loss available to common stockholders, diluted:(10,288)(13,989)(26,820)(8,010)(12,729)(11,453)(1,795)

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 loss:(10,288)(13,989)(26,820)(8,010)(12,729)(11,453)(1,795)
Comprehensive loss:(10,288)(13,989)(26,820)(8,010)(12,729)(11,453)(1,795)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (32)(3)2131
Comprehensive loss, net of tax, attributable to parent:(10,288)(13,989)(26,820)(8,042)(12,732)(11,432)(1,764)

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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