Upwork Inc. (UPWK) financial statements (2021 and earlier)

Company profile

Business Address 2625 AUGUSTINE DRIVE
SANTA CLARA, CA 95054
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)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments134129
Cash and cash equivalents48129
Short-term investments85 
Restricted cash and investments22
Receivables3022
Other undisclosed current assets115102
Total current assets:281256
Noncurrent Assets
Operating lease, right-of-use asset22
Property, plant and equipment2111
Intangible assets, net (including goodwill)122124
Goodwill118118
Intangible assets, net (excluding goodwill)36
Other noncurrent assets11
Total noncurrent assets:166136
TOTAL ASSETS:446392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities612
Accounts payable12
Accrued liabilities01
Employee-related liabilities59
Deferred revenue14
Debt116
Contract with customer, liability1
Other undisclosed current liabilities118109
Total current liabilities:149128
Noncurrent Liabilities
Long-term debt and lease obligation3218
Long-term debt, excluding current maturities1118
Operating lease, liability21
Liabilities, other than long-term debt62
Other liabilities62
Total noncurrent liabilities:3820
Total liabilities:187148
Stockholders' equity
Stockholders' equity attributable to parent259244
Common stock00
Additional paid in capital431387
Accumulated deficit(172)(143)
Total stockholders' equity:259244
TOTAL LIABILITIES AND EQUITY:446392

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

12/31/2019
12/31/2018
Revenues301253
Cost of revenue(1)(81)
Cost of goods and services sold(88)(81)
Other undisclosed gross profit(87) 
Gross profit:212172
Operating expenses(231)(184)
Operating loss:(19)(12)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3(6)
Interest and debt expense(1)(2)
Loss from continuing operations before income taxes:(17)(20)
Income tax expense(0)(0)
Net loss available to common stockholders, diluted:(17)(20)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net loss:(17)(20)
Comprehensive loss, net of tax, attributable to parent:(17)(20)

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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