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 Statements of Stockholders’ Equity (Unaudited)
Condensed Consolidated Statements of Stockholders' Equity
| (dollars in thousands) · Common stock · Treasury stock · Additionalpaid-incapital · Accumulatedothercomprehensive(loss) income · Retainedearnings · Totalstockholders'equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Balance at December 31, 2023 | 69,188,304 | $69 | (15,562,864) | $(591,557) | $1,203,012 | $(1,688) | $198,869 | $808,705 |
| Net income | — | — | — | — | — | — | 5,246 | 5,246 |
| Purchase of treasury shares under stock repurchase program, inclusive of excise tax | — | — | (2,954,211) | (211,412) | (52,244) | — | — | (263,656) |
| Vesting of restricted stock units | 1,357,125 | — | — | — | — | — | — | — |
| Shares withheld to satisfy tax withholdings | — | — | (720,189) | (52,723) | — | — | — | (52,723) |
| Stock-based compensation | — | — | — | — | 33,570 | — | — | 33,570 |
| Restricted stock grants | 335,237 | 2 | — | — | — | — | — | 2 |
| Restricted stock cancellations | (19,159) | — | — | — | — | — | — | — |
| Other comprehensive income | — | — | — | — | — | 2,910 | — | 2,910 |
| Balance at March 31, 2024 | 70,861,507 | $71 | (19,237,264) | $(855,692) | $1,184,338 | $1,222 | $204,115 | $534,054 |
| Net income | — | — | — | — | — | — | 21,804 | 21,804 |
| Vesting of restricted stock units | 10,719 | — | — | — | — | — | — | — |
| Shares withheld to satisfy tax withholdings | — | — | (22,273) | (1,760) | — | — | — | (1,760) |
| Stock-based compensation | — | — | — | — | 24,286 | — | — | 24,286 |
| Restricted stock grants | 21,164 | — | — | — | — | — | — | — |
| Restricted stock cancellations | (9,902) | — | — | — | — | — | — | — |
| Other comprehensive loss | — | — | — | — | — | (1,047) | — | (1,047) |
| Balance at June 30, 2024 | 70,883,488 | $71 | (19,259,537) | $(857,452) | $1,208,624 | $175 | $225,919 | $577,337 |
| Net income | — | — | — | — | — | — | 20,542 | 20,542 |
| Purchase of treasury shares under stock repurchase program, inclusive of excise tax | — | — | (807,774) | (63,597) | — | — | — | (63,597) |
| Vesting of restricted stock units | 20,659 | — | — | — | — | — | — | — |
| Shares withheld to satisfy tax withholdings | — | — | (19,411) | (1,467) | — | — | — | (1,467) |
| Stock-based compensation | — | — | — | — | 18,574 | — | — | 18,574 |
| Restricted stock grants | 62,998 | — | — | — | — | — | — | — |
| Restricted stock cancellations | (11,205) | — | — | — | — | — | — | — |
| Other comprehensive loss | — | — | — | — | — | (7,062) | — | (7,062) |
| Balance at September 30, 2024 | 70,955,940 | $71 | (20,086,722) | $(922,516) | $1,227,198 | $(6,887) | $246,461 | $544,327 |
| 6 | Third Quarter 2024 Form 10-Q |
Condensed Consolidated Statements of Stockholders' Equity (continued)
| (dollars in thousands) · Common stock · Treasury stock · Additionalpaid-incapital · Accumulatedothercomprehensiveincome · Retainedearnings · Totalstockholders'equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Balance at December 31, 2022 | 67,814,044 | $68 | (14,745,230) | $(537,287) | $1,075,264 | $8,938 | $197,049 | $744,032 |
| Net loss | — | — | — | — | — | — | (14,701) | (14,701) |
| Vesting of restricted stock units | 954,147 | — | — | — | — | — | — | — |
| Shares withheld to satisfy tax withholdings | — | — | (533,597) | (30,990) | — | — | — | (30,990) |
| Stock-based compensation | — | — | — | — | 29,925 | — | — | 29,925 |
| Restricted stock grants | 427,941 | 1 | — | — | — | — | — | 1 |
| Restricted stock cancellations | (41,269) | — | — | — | — | — | — | — |
| Other comprehensive loss | — | — | — | — | — | (8,534) | — | (8,534) |
| Balance at March 31, 2023 | 69,154,863 | $69 | (15,278,827) | $(568,277) | $1,105,189 | $404 | $182,348 | $719,733 |
| Net income | — | — | — | — | — | — | 2,105 | 2,105 |
| Vesting of restricted stock units | 23,550 | — | — | — | — | — | — | — |
| Shares withheld to satisfy tax withholdings | — | — | (32,540) | (2,270) | — | — | — | (2,270) |
| Stock-based compensation | — | — | — | — | 33,364 | — | — | 33,364 |
| Restricted stock grants | 6,031 | — | — | — | — | — | — | — |
| Restricted stock cancellations | (20,200) | — | — | — | — | — | — | — |
| Other comprehensive income | — | — | — | — | — | 8,438 | — | 8,438 |
| Balance at June 30, 2023 | 69,164,244 | $69 | (15,311,367) | $(570,547) | $1,138,553 | $8,842 | $184,453 | $761,370 |
| Net income | — | — | — | — | — | — | 9,017 | 9,017 |
| Retirements of common stock(1) | (143) | — | — | — | (13) | — | — | (13) |
| Vesting of restricted stock units | 26,662 | — | — | — | — | — | — | — |
| Shares withheld to satisfy tax withholdings | — | — | (25,710) | (1,881) | — | — | — | (1,881) |
| Stock-based compensation | — | — | — | — | 32,379 | — | — | 32,379 |
| Restricted stock grants | 27,913 | — | — | — | — | — | — | — |
| Restricted stock cancellations | (30,909) | — | — | — | — | — | — | — |
| Other comprehensive loss | — | — | — | — | — | (701) | — | (701) |
| Balance at September 30, 2023 | 69,187,767 | $69 | $(15,337,077) | $(572,428) | $1,170,919 | $8,141 | $193,470 | $800,171 |
| (1) Represents shares retired after determining certain EVERFI's selling shareholders would be paid in cash, rather than shares of our common stock. | ||||||||
The accompanying notes are an integral part of these condensed consolidated financial statements.
| Third Quarter 2024 Form 10-Q | 7 |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.