Upland software, inc. (UPLD)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Dec'13
Assets
Current assets:
Cash and cash equivalents

98,688

175,024

113,306

108,361

14,022

16,738

16,089

19,037

32,505

22,326

52,976

57,420

19,417

28,758

17,480

18,187

13,585

18,473

28,694

29,052

26,588

30,988

4,703

Accounts receivable (net of allowance of $1,519 and $1,238 at March 31, 2020 and December 31, 2019, respectively)

55,398

50,938

39,432

36,758

34,989

40,841

26,440

26,831

27,578

26,504

19,129

14,278

12,157

15,254

14,679

13,646

13,161

13,972

10,433

12,906

14,807

14,559

11,026

Deferred commissions, current

3,645

3,059

3,363

3,280

2,961

2,633

2,374

2,185

2,062

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables

5,700

5,100

4,800

3,995

3,373

3,700

-

-

-

891

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid and other

7,452

4,748

4,898

4,620

4,094

3,382

3,890

3,369

3,892

1,965

2,970

2,766

3,589

3,287

2,282

2,621

2,996

2,603

1,778

2,070

2,397

2,069

2,562

Total current assets

170,872

238,880

165,826

157,014

59,439

67,288

48,793

51,422

66,037

51,686

75,075

74,464

35,163

47,299

34,441

34,454

29,742

35,048

40,905

44,028

43,792

47,616

18,291

Tax credits receivable

4,219

4,186

2,885

1,857

1,714

1,573

1,637

1,478

1,388

1,196

1,715

1,242

1,101

978

1,751

1,661

1,587

2,018

2,167

3,298

3,760

3,959

3,583

Property and equipment, net

4,035

3,917

3,468

3,568

2,495

2,827

2,206

2,641

3,081

2,927

3,462

3,876

4,355

4,356

5,588

5,745

6,018

6,001

4,507

4,221

4,084

3,930

3,942

Operating lease right-of-use asset

12,353

8,056

5,700

6,325

4,644

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

302,948

282,727

212,645

207,232

170,880

179,572

112,156

114,777

115,199

70,043

47,512

41,172

34,933

28,512

31,217

34,407

33,913

31,526

29,972

31,697

32,625

34,751

34,747

Goodwill

377,745

346,134

282,833

273,363

229,319

225,322

157,078

157,389

148,051

154,607

122,904

103,778

82,803

69,097

68,441

67,830

64,848

47,422

43,098

44,254

43,966

45,146

33,630

Deferred commissions, noncurrent

9,427

8,763

9,274

7,957

7,148

6,292

5,470

5,023

4,676

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

1,934

4,165

789

264

291

324

153

167

201

800

179

330

355

346

440

466

416

399

368

317

431

284

654

Total assets

883,533

896,828

683,412

657,580

475,930

483,198

327,493

332,897

338,633

281,259

250,847

224,862

158,710

150,588

141,878

144,563

136,524

122,414

121,017

127,815

128,658

135,686

94,847

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable

4,794

5,904

3,409

3,555

3,278

3,494

4,139

4,339

3,446

3,887

3,976

2,482

1,945

1,268

2,598

1,216

2,092

2,548

2,241

2,659

3,095

2,258

1,280

Accrued compensation

5,202

11,559

6,430

5,840

3,152

6,581

3,048

4,085

3,379

5,157

3,869

2,469

3,640

2,541

2,165

1,835

2,044

2,441

3,064

2,762

2,128

2,372

2,725

Accrued expenses and other current liabilities

15,756

15,344

14,743

17,863

16,279

16,666

10,168

12,709

13,503

12,148

8,897

7,704

6,902

5,505

4,571

6,033

5,274

5,173

3,111

3,017

3,841

4,304

2,654

Deferred revenue

87,785

76,558

59,663

59,568

57,018

57,626

43,575

44,388

45,370

43,807

31,842

29,870

26,328

23,552

23,134

23,985

21,510

19,931

18,749

21,629

21,952

21,182

16,620

Due to sellers

14,731

14,276

17,383

18,032

16,793

17,267

10,655

10,362

11,462

7,839

8,305

6,695

1,057

4,642

5,728

8,449

9,068

2,409

1,898

1,471

1,456

4,365

1,033

Operating lease liabilities, current

3,828

2,533

2,045

2,614

2,505

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of notes payable (includes unamortized discount of $2,209 and $2,207 at March 31, 2020 and December 31, 2019, respectively)

3,191

3,193

2,476

0

6,012

6,015

4,330

3,290

3,282

2,301

1,701

3,666

2,685

2,190

1,490

1,504

1,497

1,500

1,495

1,505

8,187

10,964

5,245

Total current liabilities

135,287

129,367

106,149

107,472

105,037

107,649

75,915

79,173

80,442

75,139

58,590

52,886

42,557

39,698

39,686

43,022

41,485

34,002

30,558

33,043

40,659

45,445

29,557

Commitments and contingencies (Note 9)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

0

Canadian tax credit liability to sellers

-

-

-

-

-

-

-

-

-

-

0

0

0

361

405

398

391

368

452

1,521

1,486

1,616

2,595

Notes payable, less current maturities (includes unamortized discount of $10,887 and $11,369 at March 31, 2020 and December 31, 2019, respectively)

521,013

521,881

339,167

305,335

272,098

273,713

153,898

155,757

156,584

108,843

90,006

68,593

54,491

45,739

35,937

36,355

27,108

22,366

22,624

23,041

14,196

12,327

23,438

Deferred revenue, noncurrent

2,567

496

127

246

329

578

901

894

1,301

1,570

1,299

1,372

227

247

139

18

26

8

21

118

101

194

416

Operating lease liabilities, noncurrent

11,515

5,862

3,985

4,097

2,592

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent deferred tax liability, net

24,472

25,685

11,667

6,773

10,157

13,311

6,808

6,358

3,353

3,262

4,239

3,853

3,600

3,404

3,189

3,050

2,908

2,818

2,712

2,760

2,856

3,006

3,084

Other long-term liabilities

29,587

676

4,029

685

652

640

736

961

865

1,030

1,366

1,624

1,956

2,126

2,416

2,741

3,021

2,582

1,847

2,067

1,822

1,701

1,101

Total liabilities

724,441

683,967

465,124

424,608

390,865

395,891

238,258

243,143

242,545

189,844

155,500

128,328

102,831

91,575

81,772

85,584

74,939

62,144

58,214

62,550

61,120

64,289

60,191

Stockholders’ equity:
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of December 31, 2019; no shares issued and outstanding as of December 31, 2018, respectively

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

Common stock, $0.0001 par value; 50,000,000 shares authorized: 25,305,427 and 25,250,120 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively)

3

3

3

3

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

0

Additional paid-in capital

353,720

345,127

344,637

338,732

183,700

180,481

181,540

178,062

176,939

174,944

174,990

173,179

126,968

124,566

123,409

119,825

118,859

112,447

110,389

109,770

108,897

108,337

0

Accumulated other comprehensive loss

-43,396

-1,223

-15,171

-6,889

-5,132

-7,501

-4,830

-5,083

-2,856

-2,403

-2,311

-2,819

-3,074

-3,152

-2,875

-2,808

-2,813

-3,289

-2,961

-2,204

-2,392

-1,716

-773

Accumulated deficit

-151,235

-131,046

-111,181

-98,874

-93,505

-85,675

-87,477

-83,227

-77,997

-81,128

-77,334

-73,828

-68,017

-62,403

-60,430

-58,040

-54,463

-48,890

-44,627

-42,303

-38,969

-35,226

-15,109

Total stockholders’ equity

159,092

212,861

218,288

232,972

85,065

87,307

89,235

89,754

96,088

91,415

95,347

96,534

55,879

59,013

60,106

58,979

61,585

60,270

62,803

65,265

67,538

71,397

-15,882

Total liabilities and stockholders’ equity

883,533

896,828

683,412

657,580

475,930

483,198

327,493

332,897

338,633

281,259

250,847

224,862

158,710

150,588

141,878

144,563

136,524

122,414

121,017

127,815

128,658

135,686

94,847

Allowance for doubtful accounts

-

-

1,478

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unamortized discount, current

-

-

1,024

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unamortized discount, noncurrent

-

-

7,333

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, par value (in dollars per share)

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, shares authorized (in shares)

-

-

50,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, shares issued (in shares)

-

-

25,261

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, shares outstanding (in shares)

-

-

25,261

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-