SecureWorks Corp. (SCWX) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE CONCOURSE PARKWAY
ATLANTA, GA 30328
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2023
MRQ
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments143,517220,655220,300181,838129,592101,539
Cash and cash equivalents143,517220,655220,300181,838129,592101,539
Receivables72,62786,231108,005111,798141,344157,764
Inventory, net of allowances, customer advances and progress billings6205055607464681,030
Inventory6205055607464681,030
Other current assets17,52626,04017,34927,44927,60442,163
Total current assets:234,290333,431346,214321,831299,008302,496
Noncurrent Assets
Operating lease, right-of-use asset9,25617,44122,33023,463
Property, plant and equipment4,6328,42617,14327,60635,97833,457
Intangible assets, net (including goodwill)531,727559,658583,681596,539622,935650,671
Goodwill425,519425,926425,861416,487416,487416,487
Intangible assets, net (excluding goodwill)106,208133,732157,820180,052206,448234,184
Other noncurrent assets60,96568,34675,99378,59278,2384,677
Total noncurrent assets:606,580653,871699,147726,200737,151688,805
TOTAL ASSETS:840,870987,3021,045,3611,048,0311,036,159991,301
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69,24475,26579,95071,140102,672104,891
Employee-related liabilities60,20363,18152,450  
Accounts payable18,84715,06216,76918,69016,17723,266
Accrued liabilities 50,397   86,49581,625
Deferred revenue145,170163,304168,437175,847
Deferred revenue and credits139,632
Due to related parties1,1413,08813,8073,209  
Contract with customer, liability157,865
Other liabilities 30,02824,83132,14643,196  
Other undisclosed current liabilities      
Total current liabilities:245,583266,488294,340293,392260,537244,523
Noncurrent Liabilities
Long-term debt and lease obligation:  16,86922,46124,669  
Liabilities, other than long-term debt37,32655,88860,77963,09082,91567,629
Deferred revenue and credits14,948
Deferred revenue11,16212,7649,59012,690
Contract with customer, liability16,064
Other liabilities14,02343,12451,18950,40066,85152,681
Operating lease, liability12,14116,86922,46124,669
Total noncurrent liabilities:37,32672,75783,24087,75982,91567,629
Total liabilities:282,909339,245377,580381,151343,452312,152
Equity
Equity, attributable to parent, including:557,961648,057667,781666,880692,707679,149
Treasury stock, value(19,896)(19,896)(19,896)(19,896)(13,523) 
Additional paid in capital967,367939,404917,344896,983884,567867,411
Accumulated other comprehensive loss(6,237)(2,672)(660)(3,090)(2,884)(137)
Accumulated deficit(384,121)(269,622)(229,831)(207,929)(176,263)(188,936)
Other undisclosed equity, attributable to parent848843824812810811
Total equity:557,961648,057667,781666,880692,707679,149
TOTAL LIABILITIES AND EQUITY:840,870987,3021,045,3611,048,0311,036,159991,301

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

10/31/2023
TTM
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Revenues463,475535,214561,034552,765518,709467,904
Cost of revenue(191,642)(217,126)(242,167)(252,796)(246,117)(226,718)
Cost of goods and services sold(191,642)(217,126)(242,167)(252,796)(246,117) 
Gross profit:271,833318,088318,867299,969272,592241,186
Operating expenses(419,862)(370,462)(351,702)(352,143)(321,324)(324,231)
Operating loss:(148,029)(52,374)(32,835)(52,174)(48,732)(83,045)
Nonoperating income (expense)1,248(3,532)1,0348502,778(2,735)
Gain (loss), foreign currency transaction, before tax824(3,393)1,485(270)1,818(3,256)
Loss from continuing operations before income taxes:(146,781)(55,906)(31,801)(51,324)(45,954)(85,780)
Income tax benefit32,28216,1159,89919,6586,85357,703
Loss from continuing operations:(114,499)(39,791)(21,902)(31,666)(39,101)(28,077)
Loss before gain (loss) on sale of properties:(39,791)(21,902)(31,666)(39,101)(28,077)
Net loss available to common stockholders, diluted:(114,499)(39,791)(21,902)(31,666)(39,101)(28,077)

Comprehensive Income ($ in thousands)

10/31/2023
TTM
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Net loss:(114,499)(39,791)(21,902)(31,666)(39,101)(28,077)
Comprehensive loss:(114,499)(39,791)(21,902)(31,666)(39,101)(28,077)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,565)(2,012)2,430(206)(2,914)3,294
Comprehensive loss, net of tax, attributable to parent:(118,064)(41,803)(19,472)(31,872)(42,015)(24,783)

Statements Sources

The financial statements are based on the Company's filings with 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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