BLACKBAUD INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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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Consolidated Balance Sheets
| (dollars in thousands, except per share amounts) | December 31,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $67,628 | $31,251 |
| Restricted cash | 741,884 | 697,006 |
| Accounts receivable, net of allowance of $5,228 and $6,907 at December 31, 2024 and December 31, 2023, respectively | 83,539 | 101,862 |
| Customer funds receivable | 1,970 | 353 |
| Prepaid expenses and other current assets | 81,287 | 99,285 |
| Total current assets | 976,308 | 929,757 |
| Property and equipment, net | 91,926 | 98,689 |
| Operating lease right-of-use assets | 26,554 | 36,927 |
| Software and content development costs, net | 148,319 | 160,194 |
| Goodwill | 1,052,506 | 1,053,738 |
| Intangible assets, net | 132,881 | 581,937 |
| Other assets | 67,221 | 51,037 |
| Total assets | $2,495,715 | $2,912,279 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Trade accounts payable | $50,810 | $25,184 |
| Accrued expenses and other current liabilities | 75,543 | 64,322 |
| Due to customers | 742,340 | 695,842 |
| Debt, current portion | 23,875 | 19,259 |
| Deferred revenue, current portion | 359,529 | 392,530 |
| Total current liabilities | 1,252,097 | 1,197,137 |
| Debt, net of current portion | 1,051,110 | 760,405 |
| Deferred tax liability | 9,518 | 93,292 |
| Deferred revenue, net of current portion | 2,015 | 2,397 |
| Operating lease liabilities, net of current portion | 34,186 | 40,085 |
| Other liabilities | 4,796 | 10,258 |
| Total liabilities | 2,353,722 | 2,103,574 |
| Commitments and contingencies (see Note 11) | ||
| Stockholders’ equity: | ||
| Preferred stock; 20,000,000 shares authorized; none outstanding | — | — |
| Common stock, $0.001 par value; 180,000,000 shares authorized; 70,943,373 and 69,188,304 shares issued at December 31, 2024 and December 31, 2023, respectively; 49,245,588 and 53,625,440 shares outstanding at December 31, 2024 and December 31, 2023, respectively | 71 | 69 |
| Additional paid-in capital | 1,291,442 | 1,203,012 |
| Treasury stock, at cost; 21,697,785 and 15,562,864 shares at December 31, 2024 and December 31, 2023, respectively | (1,060,348) | (591,557) |
| Accumulated other comprehensive loss | (4,869) | (1,688) |
| (Accumulated deficit) retained earnings | (84,303) | 198,869 |
| Total stockholders’ equity | 141,993 | 808,705 |
| Total liabilities and stockholders’ equity | $2,495,715 | $2,912,279 |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
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