CBIZ Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
CBZ$54.980.0%Stored close · as of Oct 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
DECEMBER 31, 2024 AND 2023
(In thousands, except per share data)
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $13,826 | $8,090 |
| Restricted cash | 38,661 | 30,362 |
| Accounts receivable, net | 534,858 | 380,152 |
| Income tax receivable | 4,051 | — |
| Other current assets | 68,477 | 34,895 |
| Current assets before funds held for clients | 659,873 | 453,499 |
| Funds held for clients | 175,853 | 159,186 |
| Total current assets | 835,726 | 612,685 |
| Non-current assets: | ||
| Property and equipment, net | 88,163 | 57,012 |
| Goodwill and other intangible assets, net | 2,945,470 | 1,008,604 |
| Assets of deferred compensation plan | 167,170 | 143,499 |
| Right-of-use asset | 393,512 | 211,024 |
| Other non-current assets | 40,842 | 10,768 |
| Total non-current assets | 3,635,157 | 1,430,907 |
| Total assets | $4,470,883 | $2,043,592 |
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | $90,646 | $82,831 |
| Income taxes payable | — | 2,097 |
| Accrued personnel costs | 172,759 | 133,593 |
| Contingent purchase price liability | 61,164 | 66,287 |
| Lease liability | 60,549 | 36,283 |
| Current portion of Term Loan | 70,000 | — |
| Current portion debt issuance costs, Term Loan | (3,823) | — |
| Total short-term debt | 66,177 | — |
| Other current liabilities | 78,579 | 30,937 |
| Current liabilities before client fund obligations | 529,874 | 352,028 |
| Client fund obligations | 175,928 | 159,893 |
| Total current liabilities | 705,802 | 511,921 |
| Non-current liabilities: | ||
| Revolver Facility | 20,900 | 312,400 |
| Debt issuance costs, Revolver | (7,160) | (1,574) |
| Long-term portion, Term Loan | 1,330,000 | — |
| Long-term portion debt issuance costs, Term Loan | (9,985) | — |
| Total long-term debt | 1,333,755 | 310,826 |
| Income taxes payable | 2,193 | 1,984 |
| Deferred income taxes, net | 10,880 | 29,287 |
| Deferred compensation plan obligations | 167,170 | 143,499 |
| Contingent purchase price liability | 35,803 | 48,659 |
| Lease liability | 372,586 | 203,905 |
| Other non-current liabilities | 62,711 | 1,893 |
| Total non-current liabilities | 1,985,098 | 740,053 |
| Total liabilities | 2,690,900 | 1,251,974 |
| 2024 | 2023 | |
|---|---|---|
| STOCKHOLDER EQUITY | ||
| Common stock, par value $0.01 per share; shares authorized 250,000; shares issued 137,945 and 137,387; shares outstanding 50,198 and 49,814 | $1,380 | $1,374 |
| Additional paid-in capital | 1,791,863 | 832,475 |
| Retained earnings | 896,122 | 855,084 |
| Treasury stock, 87,747 and 87,573 shares | (910,601) | (899,093) |
| Accumulated other comprehensive income | 1,219 | 1,778 |
| Total stockholders’ equity | 1,779,983 | 791,618 |
| Total liabilities and stockholders’ equity | $4,470,883 | $2,043,592 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.