BLACKBAUD INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
BLKB$54.58+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (dollars in thousands, except per share amounts) | December 31,2023 | December 31,2022 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $31,251 | $31,691 |
| Restricted cash | 697,006 | 702,240 |
| Accounts receivable, net of allowance of $6,907 and $7,318 at December 31, 2023 and December 31, 2022, respectively | 101,862 | 102,809 |
| Customer funds receivable | 353 | 249 |
| Prepaid expenses and other current assets | 99,285 | 81,654 |
| Total current assets | 929,757 | 918,643 |
| Property and equipment, net | 98,689 | 107,426 |
| Operating lease right-of-use assets | 36,927 | 45,899 |
| Software and content development costs, net | 160,194 | 141,023 |
| Goodwill | 1,053,738 | 1,050,272 |
| Intangible assets, net | 581,937 | 635,136 |
| Other assets | 51,037 | 94,304 |
| Total assets | $2,912,279 | $2,992,703 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Trade accounts payable | $25,184 | $42,559 |
| Accrued expenses and other current liabilities | 64,322 | 86,002 |
| Due to customers | 695,842 | 700,860 |
| Debt, current portion | 19,259 | 18,802 |
| Deferred revenue, current portion | 392,530 | 382,419 |
| Total current liabilities | 1,197,137 | 1,230,642 |
| Debt, net of current portion | 760,405 | 840,241 |
| Deferred tax liability | 93,292 | 125,759 |
| Deferred revenue, net of current portion | 2,397 | 2,817 |
| Operating lease liabilities, net of current portion | 40,085 | 44,918 |
| Other liabilities | 10,258 | 4,294 |
| Total liabilities | 2,103,574 | 2,248,671 |
| Commitments and contingencies (see Note 11) | ||
| Stockholders’ equity: | ||
| Preferred stock; 20,000,000 shares authorized; none outstanding | — | — |
| Common stock, $0.001 par value; 180,000,000 shares authorized; 69,188,304 and 67,814,044 shares issued at December 31, 2023 and December 31, 2022, respectively; 53,625,440 and 53,068,814 shares outstanding at December 31, 2023 and December 31, 2022, respectively | 69 | 68 |
| Additional paid-in capital | 1,203,012 | 1,075,264 |
| Treasury stock, at cost; 15,562,864 and 14,745,230 shares at December 31, 2023 and December 31, 2022, respectively | (591,557) | (537,287) |
| Accumulated other comprehensive (loss) income | (1,688) | 8,938 |
| Retained earnings | 198,869 | 197,049 |
| Total stockholders’ equity | 808,705 | 744,032 |
| Total liabilities and stockholders’ equity | $2,912,279 | $2,992,703 |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
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