Bankrate Inc (RATE) financial statements (2023 and earlier)

Company profile

Business Address 1675 BROADWAY
NEW YORK, NY 10019
State of Incorp. DE
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments17723714223084
Cash and cash equivalents17723714223084
Prepaid expense622272
Disposal group, including discontinued operation 12  
Prepaid expense and other current assets14
Income taxes receivable 11
Deferred tax assets  67 
Other current assets7688
Other undisclosed current assets29   (8)
Total current assets:271322256309154
Noncurrent Assets
Property, plant and equipment1510131310
Intangible assets, net (including goodwill)792773980962985
Intangible assets, net (excluding goodwill)192206339350383
Disposal group, including discontinued operation, noncurrent assets 1 
Other noncurrent assets6281313
Prepaid expense and other noncurrent assets12
Deferred tax assets, net (8)(52)(52)(64)
Other undisclosed noncurrent assets 7525264
Total noncurrent assets:8138111,0079881,007
TOTAL ASSETS:1,0841,1331,2631,2971,160
Current Liabilities
Accounts payable and accrued liabilities4643716930
Accounts payable1110878
Accrued liabilities2826464122
Employee-related liabilities  88 
Taxes payable  213 
Interest and dividends payable777  
Debt  000
Disposal group, including discontinued operation 11  
Deferred revenue and credits11444
Deferred tax liabilities    1
Other liabilities71514256
Other undisclosed current liabilities  (10)(14)10
Total current liabilities:5460808351
Noncurrent Liabilities
Long-term debt and lease obligation296298298297194
Long-term debt, excluding current maturities296298298297194
Capital lease obligations   00
Liabilities, other than long-term debt45136888131
Deferred compensation liability, classified  000
Deferred tax liabilities, net58525299
Liability for uncertainty in income taxes  51010
Other liabilities406112622
Other undisclosed noncurrent liabilities  (5)(11)(44)
Total noncurrent liabilities:341312360374281
Total liabilities:394372440458332
Stockholders' equity
Stockholders' equity attributable to parent689761823839828
Common stock11111
Treasury stock, value(143)(89)(46)(1)(1)
Additional paid in capital903886893864843
Accumulated other comprehensive loss(1)(1)(0)(0)(0)
Accumulated deficit(71)(37)(24)(25)(15)
Total stockholders' equity:689761823839828
TOTAL LIABILITIES AND EQUITY:1,0841,1331,2631,2971,160

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

Cost of revenue(228)(172)(322)(151)(146)
Gross profit:207199223306311
Operating expenses(219)(149)(510)(280)(251)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
Other undisclosed operating income60323  
Operating income (loss):(6)50352760
Interest and debt expense(20)(22)(21)(42)(26)
Other undisclosed income from continuing operations before equity method investments, income taxes    3
Income (loss) from continuing operations before income taxes:(26)2814(15)37
Income tax expense (benefit)(8)(10)(8)5(7)
Income (loss) from continuing operations:(34)186(10)29
Loss from discontinued operations(0)(40)(1)  
Income (loss) before gain (loss) on sale of properties:(34)(22)5(10)29
Extraordinary item, loss (24)
Net income (loss):(34)(22)(18)(10)29
Other undisclosed net income attributable to parent 924  
Net income (loss) available to common stockholders, diluted:(34)(13)5(10)29

Comprehensive Income ($ in millions)

Net income (loss):(34)(22)(18)(10)29
Other comprehensive income (loss)(0)(0)(0)0 
Comprehensive income (loss):(34)(22)(19)(10)29
Other undisclosed comprehensive income, net of tax, attributable to parent 924 0
Comprehensive income (loss), net of tax, attributable to parent:(34)(13)5(10)30

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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