Progress Software Corporation (PRGS) financial statements (2020 and earlier)
Company profile
| Business Address |
14 OAK PARK DRIVE BEDFORD, MA 01730 |
| State of Incorp. | DE |
| Fiscal Year End | November 30 |
| SIC | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 11/30/2019 | 11/30/2018 | 11/30/2017 | 11/30/2016 | 11/30/2015 | 11/30/2014 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 140 | 184 | 250 | 241 | 283 | |||
| Cash and cash equivalents | 105 | 133 | 207 | 212 | 263 | |||
| Short-term investments | 34 | 50 | 43 | 29 | 20 | |||
| Receivables | 58 | 61 | 66 | 66 | 68 | |||
| Other current assets | 25 | 19 | 21 | 16 | 24 | |||
| Other undisclosed current assets | 6 | 10 | ||||||
| Total current assets: | 229 | 263 | 336 | 323 | 386 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 31 | 42 | 50 | 54 | 59 | |||
| Intangible assets, net (including goodwill) | 374 | 410 | 359 | 484 | 253 | |||
| Goodwill | 315 | 315 | 278 | 370 | 233 | |||
| Intangible assets, net (excluding goodwill) | 59 | 95 | 81 | 114 | 21 | |||
| Other noncurrent assets | 5 | 2 | 3 | 4 | 2 | |||
| Other undisclosed noncurrent assets | 2 | 1 | 7 | 11 | 2 | |||
| Total noncurrent assets: | 412 | 455 | 419 | 554 | 317 | |||
| TOTAL ASSETS: | 641 | 719 | 755 | 877 | 703 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 57 | 70 | 60 | 65 | 61 | |||
| Accounts payable | 11 | 9 | 13 | 11 | 12 | |||
| Accrued liabilities | 13 | 20 | 13 | 21 | 26 | |||
| Employee-related liabilities | 26 | 32 | 26 | 30 | 21 | |||
| Taxes payable | 1 | 1 | 2 | 3 | 2 | |||
| Interest and dividends payable | 7 | 7 | 6 | |||||
| Debt | 6 | 6 | 15 | 9 | ||||
| Deferred revenue and credits | ✕ | ✕ | 133 | 129 | 125 | 93 | ||
| Contract with customer, liability | ✕ | 133 | ✕ | ✕ | ✕ | ✕ | ||
| Total current liabilities: | 196 | 208 | 204 | 200 | 153 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 110 | 116 | 120 | 135 | ||||
| Long-term debt, excluding current maturities | 110 | 116 | 120 | 135 | ||||
| Liabilities, other than long-term debt | 20 | 16 | 24 | 20 | 7 | |||
| Deferred revenue and credits | ✕ | ✕ | 10 | 9 | 9 | 4 | ||
| Contract with customer, liability | ✕ | 15 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | 4 | 7 | 0 | ||||
| Other liabilities | 5 | 6 | 12 | 4 | 3 | |||
| Total noncurrent liabilities: | 131 | 132 | 144 | 155 | 7 | |||
| Total liabilities: | 327 | 340 | 348 | 355 | 160 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 310 | 376 | 407 | 522 | 543 | |||
| Common stock | 0 | 0 | 0 | 1 | 1 | |||
| Additional paid in capital | 267 | 249 | 239 | 227 | 209 | |||
| Accumulated other comprehensive loss | (28) | (19) | (29) | (25) | (14) | |||
| Retained earnings | 71 | 145 | 196 | 319 | 347 | |||
| Total stockholders' equity: | 310 | 376 | 407 | 522 | 543 | |||
| Other undisclosed liabilities and equity | 4 | 3 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 641 | 719 | 755 | 877 | 703 | |||
Income statement (P&L) ($ in millions)
| 11/30/2019 | 11/30/2018 | 11/30/2017 | 11/30/2016 | 11/30/2015 | 11/30/2014 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 397 | 398 | 405 | 378 | 333 | ||
| Revenue, net | ✕ | ✕ | 398 | 405 | 378 | 333 | |
| Cost of revenue | (67) | (69) | (66) | (64) | (34) | ||
| Cost of goods and services sold | (69) | (66) | (64) | (34) | |||
| Gross profit: | 330 | 328 | 340 | 314 | 298 | ||
| Operating expenses | (244) | (258) | (369) | (299) | (218) | ||
| Operating income (loss): | 86 | 71 | (30) | 15 | 81 | ||
| Nonoperating expense | (7) | (5) | (6) | (2) | (3) | ||
| Foreign currency transaction loss, before tax | (3) | (1) | (2) | (0) | (2) | ||
| Other nonoperating income (expense) | 1 | 1 | 1 | 1 | (0) | ||
| Interest and debt expense | (5) | (5) | (4) | (4) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 5 | 5 | 4 | 4 | |||
| Income (loss) from continuing operations before income taxes: | 79 | 66 | (35) | 12 | 78 | ||
| Income tax expense | (15) | (28) | (20) | (21) | (28) | ||
| Net income (loss) available to common stockholders, diluted: | 63 | 37 | (56) | (9) | 49 | ||
Comprehensive Income ($ in millions)
| 11/30/2019 | 11/30/2018 | 11/30/2017 | 11/30/2016 | 11/30/2015 | 11/30/2014 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 63 | 37 | (56) | (9) | 49 | ||
| Other comprehensive income (loss) | 10 | (4) | (11) | (2) | |||
| Comprehensive income (loss): | 63 | 47 | (60) | (20) | 47 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (9) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 54 | 47 | (60) | (20) | 47 | ||
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.