BLACKBAUD INC
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
BLKB$54.92+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
| Blackbaud, Inc.Condensed Consolidated Balance Sheets(Unaudited) | ||
|---|---|---|
| (dollars in thousands, except per share amounts) | September 30,2024 | December 31,2023 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $34,633 | $31,251 |
| Restricted cash | 428,095 | 697,006 |
| Accounts receivable, net of allowance of $6,307 and $6,907 at September 30, 2024 and December 31, 2023, respectively | 97,988 | 101,862 |
| Customer funds receivable | 7,343 | 353 |
| Prepaid expenses and other current assets | 87,499 | 99,285 |
| Total current assets | 655,558 | 929,757 |
| Property and equipment, net | 95,053 | 98,689 |
| Operating lease right-of-use assets | 27,522 | 36,927 |
| Software and content development costs, net | 169,507 | 160,194 |
| Goodwill | 1,056,882 | 1,053,738 |
| Intangible assets, net | 536,008 | 581,937 |
| Other assets | 60,444 | 51,037 |
| Total assets | $2,600,974 | $2,912,279 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Trade accounts payable | $43,983 | $25,184 |
| Accrued expenses and other current liabilities | 48,745 | 64,322 |
| Due to customers | 434,093 | 695,842 |
| Debt, current portion | 23,830 | 19,259 |
| Deferred revenue, current portion | 411,554 | 392,530 |
| Total current liabilities | 962,205 | 1,197,137 |
| Debt, net of current portion | 977,019 | 760,405 |
| Deferred tax liability | 68,196 | 93,292 |
| Deferred revenue, net of current portion | 1,705 | 2,397 |
| Operating lease liabilities, net of current portion | 35,218 | 40,085 |
| Other liabilities | 12,304 | 10,258 |
| Total liabilities | 2,056,647 | 2,103,574 |
| Commitments and contingencies (see Note 9) | ||
| Stockholders’ equity: | ||
| Preferred stock; 20,000,000 shares authorized, none outstanding | — | — |
| Common stock, $0.001 par value; 180,000,000 shares authorized, 70,955,940 and 69,188,304 shares issued at September 30, 2024 and December 31, 2023, respectively; 50,869,218 and 53,625,440 shares outstanding at September 30, 2024 and December 31, 2023, respectively | 71 | 69 |
| Additional paid-in capital | 1,227,198 | 1,203,012 |
| Treasury stock, at cost; 20,086,722 and 15,562,864 shares at September 30, 2024 and December 31, 2023, respectively | (922,516) | (591,557) |
| Accumulated other comprehensive loss | (6,887) | (1,688) |
| Retained earnings | 246,461 | 198,869 |
| Total stockholders’ equity | 544,327 | 808,705 |
| Total liabilities and stockholders’ equity | $2,600,974 | $2,912,279 |
| The accompanying notes are an integral part of these condensed consolidated financial statements. | ||
| Third Quarter 2024 Form 10-Q | 3 |
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