Progress Software Corporation (PRGS) financial statements (2023 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 thousands)

11/30/2021
11/30/2020
11/30/2019
11/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   139,513
Cash and cash equivalents   105,126
Short-term investments   34,387
Receivables   58,450
Other current assets   25,080
Other undisclosed current assets   5,776
Total current assets:   228,819
Noncurrent Assets
Property, plant and equipment   30,714
Intangible assets, net (including goodwill)   373,911
Goodwill   314,992
Intangible assets, net (excluding goodwill)   58,919
Other noncurrent assets   5,243
Other undisclosed noncurrent assets   1,922
Total noncurrent assets:   411,790
TOTAL ASSETS:   640,609
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   57,005
Accounts payable   10,593
Accrued liabilities   12,686
Employee-related liabilities   25,500
Taxes payable   1,228
Interest and dividends payable   6,998
Debt   5,819
Contract with customer, liability133,194
Total current liabilities:   196,018
Noncurrent Liabilities
Long-term debt and lease obligation   110,270
Long-term debt, excluding current maturities   110,270
Liabilities, other than long-term debt   20,442
Contract with customer, liability15,127
Other liabilities   5,315
Total noncurrent liabilities:   130,712
Total liabilities:   326,730
Stockholders' equity
Stockholders' equity attributable to parent   310,082
Common stock   451
Additional paid in capital   266,602
Accumulated other comprehensive loss   (28,213)
Retained earnings   71,242
Total stockholders' equity:   310,082
Other undisclosed liabilities and equity   3,797
TOTAL LIABILITIES AND EQUITY:   640,609

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

11/30/2021
11/30/2020
11/30/2019
11/30/2018
Revenues   397,165
Cost of revenue   (66,973)
Gross profit:   330,192
Operating expenses   (244,194)
Operating income:   85,998
Nonoperating expense   (7,018)
Foreign currency transaction loss, before tax   (3,089)
Other nonoperating income   1,220
Interest and debt expense   (5,149)
Other undisclosed income from continuing operations before equity method investments, income taxes   5,149
Income from continuing operations before income taxes:   78,980
Income tax expense   (15,489)
Net income available to common stockholders, diluted:   63,491

Comprehensive Income ($ in thousands)

11/30/2021
11/30/2020
11/30/2019
11/30/2018
Net income:   63,491
Comprehensive income:   63,491
Other undisclosed comprehensive loss, net of tax, attributable to parent   (9,214)
Comprehensive income, net of tax, attributable to parent:   54,277

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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