Blackbaud, Inc. BLKB Balance Sheet

Blackbaud, inc. (BLKB)

Balance Sheet / Yearly

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	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
Assets
Current assets:
Cash and cash equivalents
24,972	31,810	29,084	32,654	25,187	30,866	25,352	29,194	25,013	29,830	17,050	17,268	13,872	16,902	16,462	15,263	12,084	15,362	17,555	13,227	13,286	14,735	53,960	24,847	32,550	11,889	16,679	7,300	8,449	13,491	25,582	21,192	45,967	52,520	51,999	33,397	24,126	28,004	26,253	13,264	22,769
Restricted cash due to customers
232,250	545,485	243,056	354,133	219,396	418,980	179,729	295,463	170,792	610,344	139,095	289,232	164,748	353,771	138,106	195,034	115,000	255,038	63,460	61,055	58,355	140,709	50,075	44,339	43,534	107,362	41,758	27,054	26,280	68,177	25,993	18,314	20,891	40,205	21,180	10,836	14,870	16,359	18,905	6,936	12,874
Accounts receivable, net of allowance of $5,928 and $5,529 at March 31, 2020 and December 31, 2019, respectively
89,191	88,868	90,700	131,277	90,727	86,595	95,858	130,509	88,911	95,679	100,868	129,890	90,510	88,932	86,111	107,749	78,456	80,046	78,152	87,462	74,901	77,523	69,194	84,425	63,368	66,969	71,309	85,749	69,402	75,692	83,351	89,208	63,486	62,656	62,641	68,610	50,311	59,296	55,969	61,991	50,220
Customer funds receivable
1,205	524	7,784	5,349	5,474	1,753	5,501	5,528	6,373	1,536	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
81,004	67,852	75,321	76,728	73,099	59,788	68,842	75,816	68,474	61,978	50,082	51,285	49,172	48,314	52,145	53,797	48,435	48,666	39,557	41,628	39,074	40,392	30,800	28,271	29,940	30,115	30,286	32,205	27,528	40,589	37,549	44,229	32,401	31,016	30,724	29,770	26,796	32,139	19,988	17,698	18,155
Deferred tax asset, current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,608	11,967	14,119	14,423	6,807	10,241	12,103	13,434	8,732	12,973	17,745	15,799	3,673	1,959	1,560	1,551	5,173	5,173	5,160	5,164	5,728	5,728	5,728
Total current assets
428,622	734,539	445,945	600,141	413,883	597,982	375,282	536,510	359,563	799,367	307,095	487,675	318,302	507,919	292,824	371,843	253,975	399,112	209,332	215,339	199,735	287,782	210,836	192,123	181,495	229,769	168,764	165,281	149,404	213,748	176,148	174,902	164,305	187,948	171,717	147,786	121,263	140,962	126,843	105,617	109,746
Property and equipment, net
35,661	35,546	37,285	39,569	38,757	40,031	42,901	44,531	44,647	42,243	43,903	45,679	47,200	50,269	52,466	54,144	54,543	52,651	49,024	48,960	47,444	49,896	48,014	47,390	47,925	49,550	48,413	49,802	48,045	49,063	42,858	43,980	34,773	34,397	28,778	25,558	23,819	22,963	22,622	23,315	22,507
Operating lease right-of-use assets
100,568	104,400	110,840	107,165	110,485	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Software development costs, net
105,594	101,302	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized Computer Software, Net
-	-	94,055	87,880	81,231	75,099	68,289	62,023	57,062	54,098	48,618	44,962	41,139	37,582	32,539	27,793	23,021	19,551	-	-	-	9,420	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	521	774	28,552	29,376	35,553	39,082	40,839	42,314	52,099	53,946	55,570
Goodwill
631,033	634,088	630,644	632,269	634,845	545,213	547,338	547,312	537,433	530,249	472,776	472,643	438,307	438,240	438,450	436,012	435,994	436,449	345,770	345,873	348,605	349,008	274,065	277,200	264,819	264,599	264,639	264,454	265,667	265,055	263,172	262,568	90,216	90,122	89,255	89,450	88,935	76,247	73,804	73,544	73,919
Intangible assets, net
303,097	317,895	327,089	340,615	355,751	291,617	305,394	317,220	306,776	314,651	252,713	263,347	243,263	253,676	264,405	273,445	284,188	294,672	204,738	212,596	220,910	229,307	147,422	150,877	137,572	143,441	149,698	155,746	162,525	168,037	173,736	177,747	42,818	44,660	40,343	42,229	44,852	38,515	37,472	39,171	42,019
Other assets
66,346	65,193	64,154	66,319	67,461	65,363	65,512	64,089	62,453	57,238	21,889	24,080	22,914	22,524	18,102	21,847	20,207	20,901	35,300	32,592	26,668	17,770	22,647	20,668	19,938	19,251	18,435	17,894	16,752	9,844	9,213	8,458	8,526	6,087	5,716	5,494	2,614	2,805	2,543	2,527	468
Total assets
1,670,921	1,992,963	1,710,012	1,873,958	1,702,413	1,615,305	1,404,716	1,571,685	1,367,934	1,797,846	1,146,994	1,338,386	1,111,125	1,310,210	1,098,786	1,185,084	1,071,928	1,223,336	844,164	855,360	843,362	943,183	702,984	688,258	651,749	706,610	649,949	653,177	642,393	705,747	665,648	668,429	369,190	392,590	371,362	349,599	322,322	323,806	315,383	298,120	304,229
Liabilities and stockholders' equity
Current liabilities:
Trade accounts payable
44,510	47,676	34,169	35,749	32,640	34,538	25,453	31,141	23,619	24,693	17,830	17,660	20,666	23,274	19,601	27,817	18,286	19,208	13,137	18,100	11,203	11,436	13,346	8,904	9,469	10,244	8,449	5,725	9,746	13,623	10,115	17,594	12,194	13,464	9,908	13,344	9,858	9,620	6,266	10,616	10,683
Accrued expenses and other current liabilities
45,781	73,317	63,947	60,514	54,983	46,893	44,391	46,182	40,113	54,399	45,650	46,508	39,072	54,196	44,441	44,739	37,577	57,461	45,576	45,357	35,270	52,201	42,938	45,160	36,775	40,443	39,551	47,046	37,512	45,996	39,668	37,506	27,840	32,707	30,405	27,831	23,518	28,278	23,371	22,077	25,974
Due to customers
233,455	546,009	250,840	359,482	224,870	420,733	185,230	300,991	177,165	611,880	139,095	289,232	164,748	353,771	138,106	195,034	115,000	255,038	63,460	61,055	58,355	140,709	50,075	44,339	43,534	107,362	41,758	27,054	26,280	68,177	25,993	18,314	20,891	40,205	21,180	10,835	14,870	16,359	18,905	6,936	12,874
Debt, current portion
10,351	7,500	7,500	7,500	7,500	7,500	8,576	8,576	8,576	8,576	8,576	7,500	4,375	4,375	4,375	4,375	4,375	4,375	4,375	4,375	4,375	4,375	4,372	4,375	4,375	17,158	12,500	11,250	10,000	10,000	10,000	165,000	-	0	-	-	-	-	420	4,217	1,288
Deferred revenue, current portion
288,682	314,335	320,982	327,299	281,082	295,991	302,840	306,365	254,877	275,063	277,008	280,816	237,101	244,500	248,152	250,449	222,415	230,216	227,161	225,076	205,876	212,283	195,319	190,228	173,155	181,475	185,406	180,932	166,986	173,899	177,218	175,076	152,708	153,665	155,015	146,895	135,489	143,761	143,086	138,175	129,412
Total current liabilities
622,779	988,837	677,438	790,544	601,075	805,655	566,490	693,255	504,350	974,611	488,159	641,716	465,962	680,116	454,675	522,414	397,653	566,298	353,709	353,963	315,079	421,004	306,050	293,006	267,308	356,682	287,664	272,007	250,524	311,695	262,994	413,490	213,633	240,041	216,508	198,905	183,735	198,018	192,048	182,021	180,231
Debt, net of current portion
520,576	459,600	495,556	553,812	576,068	379,624	416,680	471,236	458,592	429,648	329,380	380,162	351,995	338,018	370,642	398,865	417,989	403,712	237,293	253,130	281,413	276,196	166,771	167,770	168,770	135,750	161,200	184,250	201,000	205,500	235,000	94,600	-	0	-	-	-	-	-	-	-
Deferred tax liability
43,286	44,594	47,237	48,658	48,050	44,291	47,405	48,055	48,080	48,023	39,352	40,780	29,636	29,558	26,688	27,823	28,546	27,996	34,800	37,469	42,443	43,639	30,447	36,323	36,532	36,880	29,944	27,291	26,758	24,468	5,052	1,348	-	0	-	-	-	-	-	-	-
Deferred revenue, net of current portion
1,715	1,802	2,014	2,324	4,290	2,564	3,429	3,442	5,075	3,643	5,412	6,067	7,681	6,440	6,594	6,212	6,583	7,119	7,369	8,796	9,102	8,991	9,440	10,187	8,405	9,099	8,619	10,608	10,060	11,119	10,425	9,177	9,443	9,772	6,992	10,593	6,126	6,900	7,077	7,316	6,172
Operating lease liabilities, net of current portion
91,235	95,624	100,133	100,116	102,880	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
10,937	5,742	6,177	5,802	4,302	9,388	7,027	7,474	7,516	5,632	7,799	7,572	7,801	8,533	7,467	8,102	8,000	7,623	7,025	6,747	7,445	7,437	6,140	7,994	6,298	6,655	5,850	5,632	4,366	5,281	4,518	3,137	2,357	2,775	2,854	2,605	3,288	2,419	1,612	1,493	1,720
Total liabilities
1,290,528	1,596,199	1,328,555	1,501,256	1,336,665	1,241,522	1,041,031	1,223,462	1,023,613	1,461,557	870,102	1,076,297	863,075	1,062,665	866,066	963,416	858,771	1,012,748	640,196	660,105	655,482	757,267	518,848	515,280	487,313	545,066	493,277	499,788	492,708	558,063	517,989	521,752	225,433	252,588	226,354	212,103	193,149	207,337	200,737	190,830	188,123
Commitments and contingencies (see Note 9)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-
Stockholders' equity:
Preferred stock; 20,000,000 shares authorized, none outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, $0.001 par value; 180,000,000 shares authorized, 60,932,639 and 60,206,091 shares issued at March 31, 2020 and December 31, 2019, respectively
61	60	60	60	60	59	59	59	59	59	59	58	58	58	58	58	57	57	57	57	57	56	56	56	56	56	55	55	55	55	54	54	54	54	54	54	53	53	53	52	52
Additional paid-in capital
471,344	457,804	442,803	427,950	412,937	399,241	386,657	375,949	362,113	351,042	341,476	330,559	319,731	310,452	302,837	294,810	285,376	276,340	265,024	257,996	251,340	245,674	237,152	230,944	225,075	220,763	216,827	213,707	208,853	203,638	198,825	194,254	182,498	175,401	171,025	167,402	162,320	158,372	149,770	144,767	134,726
Treasury stock, at cost; 11,311,712 and 11,066,354 shares at March 31, 2020 and December 31, 2019, respectively
310,447	290,665	287,163	286,644	285,284	266,884	266,597	264,383	261,710	239,199	234,329	231,881	230,065	215,237	210,357	207,898	205,377	199,861	193,168	192,665	192,038	190,440	184,299	184,173	183,882	183,288	178,001	174,206	171,733	170,898	168,239	167,646	167,205	166,226	161,966	161,596	161,288	161,186	157,455	155,897	134,382
Accumulated other comprehensive loss
-14,140	-5,290	-13,665	-9,409	-1,452	-5,110	602	-1,011	7,041	-642	-1,013	-558	-175	-457	-942	-1,640	-1,091	-825	-2,020	-1,926	-1,827	-1,032	-1,061	-1,297	-518	-1,385	-1,409	-1,406	-1,569	-1,973	-2,043	-1,601	-869	-1,148	-687	-516	-463	-812	-337	-485	-201
Retained earnings
233,575	234,855	239,422	240,745	239,487	246,477	242,964	237,609	236,818	225,029	170,699	163,911	158,501	152,729	141,124	136,338	134,192	134,877	134,075	131,793	130,348	131,658	132,288	127,448	123,705	125,398	119,200	115,239	114,079	116,862	119,062	121,616	129,279	131,921	136,582	132,152	128,551	120,042	122,615	118,853	115,911
Total stockholders' equity
380,393	396,764	381,457	372,702	365,748	373,783	363,685	348,223	344,321	336,289	276,892	262,089	248,050	247,545	232,720	221,668	213,157	210,588	203,968	195,255	187,880	185,916	184,136	172,978	164,436	161,544	156,672	153,389	149,685	147,684	147,659	146,677	143,757	140,002	145,008	137,496	129,173	116,469	114,646	107,290	116,106
Total liabilities and stockholders' equity
1,670,921	1,992,963	1,710,012	1,873,958	1,702,413	1,615,305	1,404,716	1,571,685	1,367,934	1,797,846	1,146,994	1,338,386	1,111,125	1,310,210	1,098,786	1,185,084	1,071,928	1,223,336	844,164	855,360	843,362	943,183	702,984	688,258	651,749	706,610	649,949	653,177	642,393	705,747	665,648	668,429	369,190	392,590	371,362	349,599	322,322	323,806	315,383	298,120	304,229