Progress Software Corporation (PRGS) financial statements (2021 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)

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  140184250
Cash and cash equivalents  105133207
Short-term investments  345043
Receivables  586166
Other current assets  251921
Other undisclosed current assets  6  
Total current assets:  229263336
Noncurrent Assets
Property, plant and equipment  314250
Intangible assets, net (including goodwill)  374410359
Goodwill  315315278
Intangible assets, net (excluding goodwill)  599581
Other noncurrent assets  523
Other undisclosed noncurrent assets  217
Total noncurrent assets:  412455419
TOTAL ASSETS:  641719755
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  577060
Accounts payable  11913
Accrued liabilities  132013
Employee-related liabilities  263226
Taxes payable  112
Interest and dividends payable  776
Debt  6615
Deferred revenue and credits133129
Contract with customer, liability133
Total current liabilities:  196208204
Noncurrent Liabilities
Long-term debt and lease obligation  110116120
Long-term debt, excluding current maturities  110116120
Liabilities, other than long-term debt  201624
Deferred revenue and credits109
Contract with customer, liability15
Deferred tax liabilities, net  4
Other liabilities  5612
Total noncurrent liabilities:  131132144
Total liabilities:  327340348
Stockholders' equity
Stockholders' equity attributable to parent  310376407
Common stock  000
Additional paid in capital  267249239
Accumulated other comprehensive loss  (28)(19)(29)
Retained earnings  71145196
Total stockholders' equity:  310376407
Other undisclosed liabilities and equity  43 
TOTAL LIABILITIES AND EQUITY:  641719755

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

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
Revenues  397398405
Revenue, net398405
Cost of revenue  (67)(69)(66)
Cost of goods and services sold   (69)(66)
Gross profit:  330328340
Operating expenses  (244)(258)(369)
Operating income (loss):  8671(30)
Nonoperating expense  (7)(5)(6)
Foreign currency transaction loss, before tax  (3)(1)(2)
Other nonoperating income  111
Interest and debt expense  (5)(5)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes  554
Income (loss) from continuing operations before income taxes:  7966(35)
Income tax expense  (15)(28)(20)
Net income (loss) available to common stockholders, diluted:  6337(56)

Comprehensive Income ($ in millions)

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
Net income (loss):  6337(56)
Other comprehensive income (loss)   10(4)
Comprehensive income (loss):  6347(60)
Other undisclosed comprehensive loss, net of tax, attributable to parent  (9)  
Comprehensive income (loss), net of tax, attributable to parent:  5447(60)

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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