AppFolio, Inc. APPF Balance Sheet

Appfolio, inc. (APPF)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Dec'14
Assets
Current assets
Cash and Cash Equivalents, at Carrying Value
56,779	15,813	20,121	19,514	16,783	74,076	13,745	18,010	8,549	16,109	14,781	7,389	7,969	10,699	7,603	10,963	11,268	12,063	11,758	69,924	5,412
Investment securities—current
7,952	22,876	20,355	19,425	17,712	16,631	31,823	34,710	37,290	29,800	28,396	24,739	19,355	15,473	10,018	11,234	9,947	10,235	28,151	-	0
Accounts receivable, net
9,617	7,562	8,039	8,180	7,966	5,516	5,489	5,554	4,535	3,387	3,419	4,231	3,815	2,511	2,707	3,045	2,642	2,048	2,238	2,524	1,191
Prepaid expenses and other current assets
18,362	15,540	16,150	16,945	15,086	11,775	10,916	6,253	5,253	4,546	4,393	3,748	3,135	3,537	3,964	3,807	4,440	3,160	2,571	1,834	1,204
Total current assets
92,710	61,791	64,665	64,064	57,547	107,998	61,973	64,527	55,627	53,842	50,989	40,107	34,274	32,220	24,292	29,049	28,297	27,506	44,718	74,282	7,807
Investment securities—noncurrent
6,676	12,089	4,698	3,586	6,300	11,256	19,861	22,550	21,971	22,401	20,423	25,636	24,933	26,688	31,930	28,977	30,910	34,417	23,704	-	0
Property and equipment, net
22,536	14,744	9,842	7,930	7,169	6,871	6,699	6,528	6,463	6,696	7,005	6,674	6,635	7,077	6,867	7,143	6,964	6,107	4,115	3,564	2,623
Operating Lease, Right-of-Use Asset
26,750	27,803	16,433	15,440	16,004	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized software, net
32,587	30,023	27,621	24,658	22,396	20,485	19,172	18,392	18,064	17,609	17,320	16,787	16,363	15,539	14,434	12,804	11,239	10,022	8,916	7,391	5,509
Goodwill
58,425	58,425	58,392	58,518	57,496	15,548	15,548	6,737	6,737	6,700	6,737	6,737	6,737	6,737	6,737	6,737	6,737	6,737	6,737	6,737	4,998
Intangible assets, net
20,121	21,377	22,678	24,003	26,644	5,895	6,179	1,140	1,397	1,725	2,054	2,405	2,756	3,105	3,457	3,808	4,160	4,516	4,922	5,275	3,615
Deferred taxes
27,212	27,574	23,196	21,704	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term assets
6,410	6,276	6,303	6,191	7,026	7,688	6,757	4,084	3,806	1,238	1,219	1,237	1,196	1,217	1,293	1,236	1,273	1,176	1,079	1,047	882
Total assets
293,427	260,102	233,828	226,094	200,582	175,741	136,189	123,958	114,065	110,248	105,747	99,583	92,894	92,583	89,010	89,754	89,580	90,481	94,191	98,296	25,434
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable
2,509	1,927	1,539	1,579	1,557	1,481	1,108	1,840	1,099	610	1,164	398	700	937	574	1,090	1,470	2,369	2,403	3,057	2,088
Accrued employee expenses
11,833	17,758	13,101	13,626	10,795	12,377	7,493	8,772	7,486	10,710	8,169	8,053	5,626	7,550	4,957	6,235	5,518	5,159	6,519	4,287	3,150
Accrued expenses
11,419	10,833	9,166	9,407	9,450	8,281	7,715	5,759	4,905	4,289	5,908	5,009	4,520	4,044	4,259	3,751	4,053	3,340	3,303	5,630	1,721
Deferred revenue
5,732	4,600	4,163	3,929	4,045	3,414	3,172	3,791	5,746	7,080	7,508	8,037	8,697	7,638	6,627	6,101	5,658	4,953	4,442	4,256	3,772
Other current liabilities
5,636	11,139	13,093	12,067	11,099	1,447	1,296	1,751	1,129	1,223	1,083	1,547	1,402	1,192	1,377	1,631	1,135	1,084	572	598	2,797
Term loan, net—current portion
1,520	1,208	1,208	1,208	1,213	1,213	-	-	-	0	-	-	-	-	-	-	-	-	-	231	-
Total current liabilities
38,649	47,465	42,270	41,816	38,159	28,213	20,784	21,913	20,365	23,912	23,832	23,044	20,945	21,361	17,794	18,808	17,834	16,905	17,239	18,059	13,528
Operating Lease, Liability, Noncurrent
34,143	33,312	18,448	18,071	19,064	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving facility
49,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Term loan, net
46,760	47,375	47,677	47,979	48,290	48,602	-	-	-	0	-	-	-	-	-	-	-	-	-	9,318	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	8
Other long-term liabilities
-	-	16	13	14	7,080	7,042	1,067	1,161	1,257	1,238	1,374	1,456	1,540	1,747	1,865	1,746	879	626	440	199
Total liabilities
168,552	128,152	108,411	107,879	105,527	83,895	27,826	22,980	21,526	25,169	25,070	24,418	22,401	22,901	19,541	20,673	19,580	17,784	17,865	27,817	13,735
Commitments and contingencies (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0
Convertible preferred stock, Series A, B, B-1, B-2 and B-3, $0.0001 par value, 68,027 shares authorized, issued and outstanding as of December 31, 2014. Liquidation preference of $62,020 as of December 31, 2014.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	63,166
Stockholders’ equity:
Preferred stock, $0.0001 par value, 25,000 shares authorized and no shares issued and outstanding at March 31, 2020 and December 31, 2019
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
156,513	161,509	159,399	157,195	157,253	157,898	155,556	153,752	152,855	152,531	150,520	148,716	146,821	146,692	145,015	143,406	142,134	141,528	141,115	130,507	1,546
Accumulated other comprehensive income
165	33	38	18	-49	-178	-232	-289	-357	-209	-23	-49	-29	-51	124	220	147	-153	-1	-	0
Treasury stock, at cost, 419 and 371 shares of Class A common stock at March 31, 2020 and December 31, 2019, respectively
25,756	21,562	21,562	21,562	21,562	21,562	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Accumulated deficit
-6,051	-8,034	-12,462	-17,440	-40,591	-44,316	-46,965	-52,489	-59,963	-67,247	-69,824	-73,506	-76,303	-76,963	-75,674	-74,549	-72,285	-68,682	-64,792	-60,032	-53,014
Stockholders' Equity Attributable to Parent
124,875	131,950	125,417	118,215	95,055	91,846	108,363	100,978	92,539	85,079	80,677	75,165	70,493	69,682	69,469	69,081	70,000	72,697	76,326	70,479	-51,467
Total liabilities and stockholders’ equity
293,427	260,102	233,828	226,094	200,582	175,741	136,189	123,958	114,065	110,248	105,747	99,583	92,894	92,583	89,010	89,754	89,580	90,481	94,191	98,296	25,434
Common Class A [Member]
Common stock
2	2	2	2	2	2	2	2	1	1	1	1	1	-	-	-	-	-	-	-	-
Common Class B [Member]
Common stock
2	2	2	2	2	2	2	2	3	3	3	3	3	-	-	-	-	-	-	-	-