Consensus Cloud Solutions Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
CCSI$43.05+0.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands except share and per share data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $61,511 | $88,715 |
| Accounts receivable, net of allowances of $6,088 and $6,271, respectively | 27,421 | 26,342 |
| Prepaid expenses and other current assets | 9,772 | 10,191 |
| Total current assets | 98,704 | 125,248 |
| Property and equipment, net | 86,743 | 81,196 |
| Operating lease right-of-use assets | 6,391 | 6,766 |
| Intangibles, net | 43,998 | 44,990 |
| Goodwill | 347,219 | 348,822 |
| Deferred income taxes | 32,783 | 34,869 |
| Other assets | 4,953 | 5,364 |
| TOTAL ASSETS | $620,791 | $647,255 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Accounts payable and accrued expenses | $45,215 | $36,506 |
| Income taxes payable, current | 4,514 | 2,224 |
| Deferred revenue, current | 22,452 | 22,041 |
| Operating lease liabilities, current | 2,003 | 2,038 |
| Current portion of long-term debt | — | 8,575 |
| Total current liabilities | 74,184 | 71,384 |
| Long-term debt, net of current portion | 671,697 | 725,405 |
| Deferred revenue, noncurrent | 2,186 | 2,270 |
| Operating lease liabilities, noncurrent | 12,737 | 13,212 |
| Liability for uncertain tax positions | 10,464 | 9,740 |
| Deferred income taxes | 1,085 | 1,098 |
| Other long-term liabilities | 262 | 268 |
| TOTAL LIABILITIES | 772,615 | 823,377 |
| Commitments and contingencies (Note 8) | ||
| Common stock, $0.01 par value. Authorized 120,000,000; total issued is 20,291,793 and 20,273,686 shares and total outstanding is 19,220,169 and 19,245,024 shares as of March 31, 2024 and December 31, 2023, respectively | 203 | 203 |
| Treasury stock, at cost (1,071,624 and 1,028,662 shares as of March 31, 2024 and December 31, 2023, respectively) | (31,994) | (31,282) |
| Additional paid-in capital | 46,201 | 41,247 |
| Accumulated deficit | (146,743) | (173,113) |
| Accumulated other comprehensive loss | (19,491) | (13,177) |
| TOTAL STOCKHOLDERS’ DEFICIT | (151,824) | (176,122) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $620,791 | $647,255 |
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