BLACKBAUD INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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.
FY2023 · Filed Feb 21, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity
| (dollars in thousands) · Common stock · Treasury stock · Additionalpaid-incapital · Accumulatedothercomprehensive(loss) income · Retainedearnings · Total stockholders' equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Balance at December 31, 2020 | 60,904,638 | $61 | (12,054,268) | $(353,091) | $544,963 | $(2,497) | $236,714 | $426,150 |
| Net income | — | — | — | — | — | — | 5,698 | 5,698 |
| Common stock issued in purchase of EVERFI (see Note 3) | 3,844,423 | 4 | — | — | 303,629 | — | — | 303,633 |
| Purchase of treasury shares under stock repurchase program | — | — | (1,592,933) | (108,416) | — | — | — | (108,416) |
| Vesting of restricted stock units | 1,014,562 | 1 | — | — | — | — | — | 1 |
| Shares withheld to satisfy tax withholdings | — | — | (535,604) | (39,404) | — | — | — | (39,404) |
| Stock-based compensation | — | — | — | — | 120,335 | — | 44 | 120,379 |
| Restricted stock grants | 596,763 | — | — | — | — | — | — | — |
| Restricted stock cancellations | (194,720) | — | — | — | — | — | — | — |
| Other comprehensive income | — | — | — | — | — | 9,019 | — | 9,019 |
| Balance at December 31, 2021 | 66,165,666 | $66 | (14,182,805) | $(500,911) | $968,927 | $6,522 | $242,456 | $717,060 |
| Net loss | — | — | — | — | — | — | (45,407) | (45,407) |
| Stock issuance costs related to purchase of EVERFI (see Note 3) | — | — | — | — | (1,352) | — | — | (1,352) |
| Retirements of common stock(1) | (33,535) | — | — | — | (2,605) | — | — | (2,605) |
| Vesting of restricted stock units | 1,015,304 | — | — | — | — | — | — | — |
| Shares withheld to satisfy tax withholdings | — | — | (562,425) | (36,376) | — | — | — | (36,376) |
| Stock-based compensation | — | — | — | — | 110,294 | — | — | 110,294 |
| Restricted stock grants | 846,295 | 2 | — | — | — | — | — | 2 |
| Restricted stock cancellations | (179,686) | — | — | — | — | — | — | — |
| Other comprehensive income | — | — | — | — | — | 2,416 | — | 2,416 |
| Balance at December 31, 2022 | 67,814,044 | $68 | (14,745,230) | $(537,287) | $1,075,264 | $8,938 | $197,049 | $744,032 |
| Net income | — | — | — | — | — | — | 1,820 | 1,820 |
| Retirements of common stock(1) | (143) | — | — | — | (14) | — | — | (14) |
| Purchase of treasury shares under stock repurchase program | — | — | (221,836) | (18,831) | — | — | — | (18,831) |
| Vesting of restricted stock units | 1,007,921 | — | — | — | — | — | — | — |
| Shares withheld to satisfy tax withholdings | — | — | (595,798) | (35,439) | — | — | — | (35,439) |
| Stock-based compensation | — | — | — | — | 127,762 | — | — | 127,762 |
| Restricted stock grants | 473,341 | 1 | — | — | — | — | — | 1 |
| Restricted stock cancellations | (106,859) | — | — | — | — | — | — | — |
| Other comprehensive loss | — | — | — | — | — | (10,626) | — | (10,626) |
| Balance at December 31, 2023 | 69,188,304 | $69 | (15,562,864) | $(591,557) | $1,203,012 | $(1,688) | $198,869 | $808,705 |
(1)Represents shares retired after determining certain EVERFI's selling shareholders would be paid in cash, rather than shares of our common stock. See Note 3 for additional information regarding our acquisition of EVERFI.
The accompanying notes are an integral part of these consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.