Upland Software Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
UPLD$3.82-3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Financial Statements Consolidated Balance Sheets
Consolidated Balance Sheets
| (in thousands, except share and per share amounts) | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $236,559 | $248,653 |
| Accounts receivable, net of allowance for credit losses | 38,765 | 47,594 |
| Deferred commissions, current | 10,429 | 10,961 |
| Unbilled receivables | 2,701 | 5,313 |
| Income tax receivable, current | 3,775 | 542 |
| Prepaid expenses and other current assets | 8,004 | 8,232 |
| Total current assets | 300,233 | 321,295 |
| Tax credits receivable | 1,657 | 2,411 |
| Property and equipment, net | 1,932 | 1,830 |
| Operating lease right-of-use asset | 2,929 | 5,719 |
| Intangible assets, net | 182,349 | 248,851 |
| Goodwill | 353,778 | 477,043 |
| Deferred commissions, noncurrent | 12,568 | 13,794 |
| Interest rate swap assets | 14,270 | 41,168 |
| Other assets | 308 | 1,348 |
| Total assets | $870,024 | $1,113,459 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $8,137 | $14,939 |
| Accrued compensation | 7,174 | 7,393 |
| Accrued expenses and other current liabilities | 7,050 | 10,644 |
| Deferred revenue | 102,763 | 106,465 |
| Liabilities due to sellers of businesses | — | 5,429 |
| Operating lease liabilities, current | 2,351 | 3,205 |
| Current maturities of notes payable (includes unamortized discount of $2,228 and $2,264 at December 31, 2023 and December 31, 2022, respectively) | 3,172 | 3,136 |
| Total current liabilities | 130,647 | 151,211 |
| Notes payable, less current maturities (includes unamortized discount of $3,148 and $5,203 at December 31, 2023 and December 31, 2022, respectively) | 473,502 | 511,847 |
| Deferred revenue, noncurrent | 3,860 | 4,707 |
| Operating lease liabilities, noncurrent | 1,597 | 4,947 |
| Noncurrent deferred tax liability, net | 16,025 | 18,416 |
| Other long-term liabilities | 461 | 1,170 |
| Total liabilities | 626,092 | 692,298 |
| Series A Convertible Preferred stock, 0.0001 par value; 5,000,000 shares authorized: 115,000 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | 117,638 | 112,291 |
| Stockholders’ equity: | ||
| Common stock, $0.0001 par value; 75,000,000 and 50,000,000 shares authorized as of December 31, 2023 and December 31, 2022, respectively; 29,908,407 and 32,221,855 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | 3 | 3 |
| Additional paid-in capital | 608,995 | 606,755 |
| Accumulated other comprehensive income | 6,168 | 11,110 |
| Accumulated deficit | (488,872) | (308,998) |
| Total stockholders’ equity | 126,294 | 308,870 |
| Total liabilities, convertible preferred stock and stockholders’ equity | $870,024 | $1,113,459 |
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