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 140184250241283
Cash and cash equivalents 105133207212263
Short-term investments 3450432920
Receivables 5861666668
Other current assets 2519211624
Other undisclosed current assets 6   10
Total current assets: 229263336323386
Noncurrent Assets
Property, plant and equipment 3142505459
Intangible assets, net (including goodwill) 374410359484253
Goodwill 315315278370233
Intangible assets, net (excluding goodwill) 59958111421
Other noncurrent assets 52342
Other undisclosed noncurrent assets 217112
Total noncurrent assets: 412455419554317
TOTAL ASSETS: 641719755877703
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 5770606561
Accounts payable 119131112
Accrued liabilities 1320132126
Employee-related liabilities 2632263021
Taxes payable 11232
Interest and dividends payable 776  
Debt 66159 
Deferred revenue and credits13312912593
Contract with customer, liability133
Total current liabilities: 196208204200153
Noncurrent Liabilities
Long-term debt and lease obligation 110116120135 
Long-term debt, excluding current maturities 110116120135 
Liabilities, other than long-term debt 201624207
Deferred revenue and credits10994
Contract with customer, liability15
Deferred tax liabilities, net  470
Other liabilities 561243
Total noncurrent liabilities: 1311321441557
Total liabilities: 327340348355160
Stockholders' equity
Stockholders' equity attributable to parent 310376407522543
Common stock 00011
Additional paid in capital 267249239227209
Accumulated other comprehensive loss (28)(19)(29)(25)(14)
Retained earnings 71145196319347
Total stockholders' equity: 310376407522543
Other undisclosed liabilities and equity 43   
TOTAL LIABILITIES AND EQUITY: 641719755877703

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 397398405378333
Revenue, net398405378333
Cost of revenue (67)(69)(66)(64)(34)
Cost of goods and services sold  (69)(66)(64)(34)
Gross profit: 330328340314298
Operating expenses (244)(258)(369)(299)(218)
Operating income (loss): 8671(30)1581
Nonoperating expense (7)(5)(6)(2)(3)
Foreign currency transaction loss, before tax (3)(1)(2)(0)(2)
Other nonoperating income (expense) 1111(0)
Interest and debt expense (5)(5)(4)(4) 
Other undisclosed income from continuing operations before equity method investments, income taxes 5544 
Income (loss) from continuing operations before income taxes: 7966(35)1278
Income tax expense (15)(28)(20)(21)(28)
Net income (loss) available to common stockholders, diluted: 6337(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): 6337(56)(9)49
Other comprehensive income (loss)  10(4)(11)(2)
Comprehensive income (loss): 6347(60)(20)47
Other undisclosed comprehensive loss, net of tax, attributable to parent (9)    
Comprehensive income (loss), net of tax, attributable to parent: 5447(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.

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