CBIZ Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
CBZ$54.980.0%Stored close · as of Oct 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2023 AND 2022
(In thousands, except per share data)
| 2023 | 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $8,090 | $4,697 |
| Restricted cash | 30,362 | 28,487 |
| Accounts receivable, net | 380,152 | 334,498 |
| Other current assets | 34,895 | 29,431 |
| Current assets before funds held for clients | 453,499 | 397,113 |
| Funds held for clients | 159,186 | 171,313 |
| Total current assets | 612,685 | 568,426 |
| Non-current assets: | ||
| Property and equipment, net | 57,012 | 45,184 |
| Goodwill and other intangible assets, net | 1,008,604 | 951,702 |
| Assets of deferred compensation plan | 143,499 | 118,862 |
| Right-of-use asset | 211,024 | 184,043 |
| Other non-current assets | 10,768 | 10,907 |
| Total non-current assets | 1,430,907 | 1,310,698 |
| Total assets | $2,043,592 | $1,879,124 |
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | $82,831 | $80,725 |
| Income taxes payable | 2,097 | 1,607 |
| Accrued personnel costs | 133,593 | 130,456 |
| Contingent purchase price liability | 66,287 | 63,262 |
| Lease liability | 36,283 | 36,358 |
| Other current liabilities | 30,937 | 26,532 |
| Current liabilities before client fund obligations | 352,028 | 338,940 |
| Client fund obligations | 159,893 | 173,467 |
| Total current liabilities | 511,921 | 512,407 |
| Non-current liabilities: | ||
| Bank debt | 312,400 | 265,700 |
| Debt issuance costs | (1,574) | (2,046) |
| Total long-term debt | 310,826 | 263,654 |
| Income taxes payable | 1,984 | 2,211 |
| Deferred income taxes, net | 29,287 | 24,763 |
| Deferred compensation plan obligations | 143,499 | 118,862 |
| Contingent purchase price liability | 48,659 | 68,748 |
| Lease liability | 203,905 | 174,454 |
| Other non-current liabilities | 1,893 | 573 |
| Total non-current liabilities | 740,053 | 653,265 |
| Total liabilities | 1,251,974 | 1,165,672 |
| STOCKHOLDERS’ EQUITY | ||
| Common stock, par value $0.01 per share; shares authorized 250,000; shares issued 137,387 and 136,295; shares outstanding 49,814 and 50,180 | 1,374 | 1,363 |
| Additional paid-in capital | 832,475 | 799,147 |
| Retained earnings | 855,084 | 734,116 |
| Treasury stock, 87,573 and 86,115 shares | (899,093) | (824,778) |
| Accumulated other comprehensive income | 1,778 | 3,604 |
| Total stockholders’ equity | 791,618 | 713,452 |
| Total liabilities and stockholders’ equity | $2,043,592 | $1,879,124 |
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