Blackbaud, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $38.9M | $67.6M | $31.3M | $31.7M | $55.1M | $35.8M | $31.8M | $30.9M |
| Accounts Receivable | $80.5M | $83.5M | $101.9M | $102.8M | $102.7M | $95.4M | $88.9M | $86.6M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $930.1M | $976.6M | $929.8M | $918.6M | $851.0M | $819.1M | $734.5M | $598.0M |
| Property, Plant & Equipment | $85.1M | $91.9M | $98.7M | $107.4M | $111.4M | $105.2M | $35.5M | $40.0M |
| Goodwill | $1.06B | $1.05B | $1.05B | $1.05B | $1.06B | $635.9M | $634.1M | $545.2M |
| Intangible Assets (Excl. Goodwill) | $106.7M | $132.9M | $581.9M | $635.1M | $698.1M | $277.5M | $317.9M | $291.6M |
| Total Assets | $2.39B | $2.50B | $2.91B | $2.99B | $2.97B | $2.04B | $1.99B | $1.62B |
| Liabilities | ||||||||
| Accounts Payable | $27.3M | $50.8M | $25.2M | $42.6M | $22.1M | $27.8M | $47.7M | $34.5M |
| Total Current Liabilities | $1.18B | $1.25B | $1.20B | $1.23B | $1.11B | $1.01B | $988.8M | $805.7M |
| Long-Term Debt | $1.09B | $1.05B | $760.4M | $840.2M | $937.5M | $518.2M | $459.6M | $379.6M |
| Total Liabilities | $2.31B | $2.37B | $2.10B | $2.25B | $2.25B | $1.62B | $1.60B | $1.24B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $15.5M | $-99.5M | $198.9M | $197.0M | $242.5M | $236.7M | $234.9M | $246.5M |
| Total Stockholders' Equity | $85.1M | $126.8M | $809.9M | $744.0M | $717.1M | $426.2M | $396.8M | $373.8M |
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.