PFSweb, Inc. (PFSW) financial statements (2023 and earlier)

Company profile

Business Address 505 MILLENNIUM DRIVE
ALLEN, TX 75013
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments193,999 12,43415,41919,07824,425
Cash and cash equivalents193,999 12,43415,41919,07824,425
Restricted cash and investments214 214207214215
Receivables57,303 76,66576,42977,42889,773
Inventory, net of allowances, customer advances and progress billings3,210 3,2816,0905,3266,632
Inventory3,210 3,2816,0905,3266,632
Other undisclosed current assets5,483 5,8756,9436,6334,499
Total current assets:260,209 98,469105,088108,679125,544
Noncurrent Assets
Operating lease, right-of-use asset38,265  
Property, plant and equipment18,366 18,43621,49624,17830,264
Intangible assets, net (including goodwill)22,195 46,52846,98849,06953,074
Goodwill22,195 45,39345,18545,69846,210
Intangible assets, net (excluding goodwill)  1,1351,8033,3716,864
Regulated entity, other noncurrent assets  300   
Other noncurrent assets3,582 3,7723,5013,8612,454
Other undisclosed noncurrent assets  36,103   
Total noncurrent assets:82,408 105,13971,98577,10885,792
TOTAL ASSETS:342,617 203,608177,073185,787211,336
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities81,379 66,26572,20374,14490,112
Accounts payable26,595 44,64047,58045,07059,752
Accrued liabilities23,256 21,62524,62329,07430,360
Taxes payable31,528     
Deferred revenue2,211  
Debt310 2,9712,6109,4607,300
Business combination, contingent consideration, liability    3,9672,405
Deferred revenue and credits7,4057,156
Contract with customer, liability6,058 
Other undisclosed current liabilities10,337 8,9047,328  
Total current liabilities:94,237 84,19882,14194,976106,973
Noncurrent Liabilities
Long-term debt and lease obligation, including:98 34,82939,34837,86652,399
Capital lease obligations1,844 2,746
Operating lease, liability32,452  
Other undisclosed long-term debt and lease obligation(32,354) 34,82937,50437,86649,653
Liabilities, other than long-term debt7,461 4,4447,07411,64811,681
Deferred revenue and credits9,4988,937
Deferred revenue1,330  
Contract with customer, liability1,398 
Deferred rent credit   4,625
Other liabilities6,131 3,0462,4492,1501,066
Business combination, contingent consideration, liability     1,678
Other undisclosed noncurrent liabilities32,452 33,2951,927  
Total noncurrent liabilities:40,011 72,56848,34949,51464,080
Total liabilities:134,248 156,766130,490144,490171,053
Stockholders' equity
Stockholders' equity attributable to parent208,369 46,84246,58341,29740,283
Common stock21 19191919
Treasury stock, value(125) (125)(125)(125)(125)
Additional paid in capital175,675 158,192155,455150,614146,286
Accumulated other comprehensive income (loss)(999) (1,301)(993)70(580)
Retained earnings (accumulated deficit)33,797 (109,943)(107,773)(109,281)(105,317)
Total stockholders' equity:208,369 46,84246,58341,29740,283
TOTAL LIABILITIES AND EQUITY:342,617 203,608177,073185,787211,336

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues306,697 294,022326,160326,825334,643
Revenue, net326,825334,643
Cost of revenue
(Cost of Goods and Services Sold)
(242,155) (219,801)(240,863)(246,246)(261,179)
Gross profit:64,542 74,22185,29780,57973,464
Operating expenses(76,192) (73,334)(78,800)(79,981)(76,304)
Operating income (loss):(11,650) 8876,497598(2,840)
Interest and debt expense(1,632) (1,896)(2,499)(2,738)(2,323)
Income (loss) from continuing operations before income taxes:(13,282) (1,009)3,998(2,140)(5,163)
Income tax expense(1,878) (1,161)(2,770)(1,824)(2,367)
Income (loss) from continuing operations:(15,160) (2,170)1,228(3,964)(7,530)
Income from discontinued operations161,044     
Net income (loss) available to common stockholders, diluted:145,884 (2,170)1,228(3,964)(7,530)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):145,884 (2,170)1,228(3,964)(7,530)
Comprehensive income (loss):145,884 (2,170)1,228(3,964)(7,530)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent379 (308)(1,063)650(284)
Comprehensive income (loss), net of tax, attributable to parent:146,263 (2,478)165(3,314)(7,814)

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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