WageWorks, Inc. (WAGE) financial statements (2021 and earlier)

Company profile

Business Address 1100 PARK PLACE
SAN MATEO, CA 94403
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,121975673501413360
Cash and cash equivalents898779673501413360
Short-term investments222196    
Restricted cash and investments000000
Receivables10110893725433
Prepaid expense242920131410
Deferred tax assets    112
Total current assets:1,2461,112787587493405
Noncurrent Assets
Property, plant and equipment776954483927
Long-term investments and receivables1 1 1 
Due from related parties1 1 1 
Intangible assets, net (including goodwill)428453474240252140
Goodwill29729729715715798
Intangible assets, net (excluding goodwill)130155176839543
Other noncurrent assets338541017
Deferred tax assets, net 10  111
Other undisclosed noncurrent assets0 1510(1) 
Total noncurrent assets:539540549302301194
TOTAL ASSETS:1,7851,6521,336889795600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1009073615449
Accounts payable33243312
Accrued liabilities651911116
Employee-related liabilities2926201916 
Other undisclosed accounts payable and accrued liabilities333531282641
Business combination, contingent consideration, liability   13
Deferred revenue and credits   33
Other liabilities2113122
Other undisclosed current liabilities762695608401359282
Total current liabilities:864786682465432336
Noncurrent Liabilities
Long-term debt and lease obligation245245249797929
Long-term debt, excluding current maturities245245249797929
Liabilities, other than long-term debt1298842
Other liabilities1298842
Business combination, contingent consideration, liability    1
Other undisclosed noncurrent liabilities     4
Total noncurrent liabilities:256254256878335
Total liabilities:1,1201,040938552515372
Stockholders' equity
Stockholders' equity attributable to parent665612398337279228
Common stock000000
Treasury stock, value(22)(22)(14)(5)  
Additional paid in capital583562397343304271
Accumulated other comprehensive loss(1)(0)    
Retained earnings (accumulated deficit)1067315(1)(24)(42)
Total stockholders' equity:665612398337279228
TOTAL LIABILITIES AND EQUITY:1,7851,6521,336889795600

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues472476356334268219
Cost of revenue(167)(162)(119)(110)  
Cost of goods and services sold(155)     
Gross profit:306315236224268219
Operating expenses(261)(244)(210)(184)(237)(187)
Operating income:447026403132
Nonoperating income (expense)(0)(6)1(0)  
Other nonoperating income (expense)(0)(0)1(0)  
Interest and debt expense(10)(7)(3)(2)(2)(1)
Income from continuing operations before equity method investments, income taxes:345724382931
Other undisclosed income from continuing operations before income taxes670010
Income from continuing operations before income taxes:406425383031
Income tax expense(14)(10)(9)(15)(12)(9)
Net income available to common stockholders, diluted:265416231822

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:265416231822
Other comprehensive income (loss)0(0)    
Comprehensive income:265416231822
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)     
Comprehensive income, net of tax, attributable to parent:265416231822

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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