Performant Financial Corporation

PFMT

PFMTPerformant Financial Corporation US flag

NASDAQ Global Select

3.56

USD

-0.12

- -

278.72MMarket Cap

Income Statement (USD)

API Chat

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	124	163	210	255	195	159	141	132	156	150	156	124	109	114
+ Sales & Services Revenue	124	163	210	255	195	159	141	132	156	150	156	124	109	114
- Cost of Revenue	58	- -	83	97	94	88	79	82	96	115	101	- -	- -	- -
+ Cost of Goods & Services	58	- -	83	97	94	88	79	82	96	115	101	- -	- -	- -
Gross Profit	65	163	127	159	102	71	62	50	60	35	55	- -	- -	- -
+ Other Operating Income	-58	- -	-83	-97	-94	-88	-79	-82	-96	-115	-101	-124	-109	-114
- Operating Expenses	92	116	154	182	168	152	134	138	154	163	143	126	116	120
+ Selling, General & Admin	58	67	83	97	94	88	79	82	96	115	101	87	85	90
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	34	49	71	86	74	64	55	56	58	48	42	38	31	29
Operating Income (Loss)	32	47	56	73	27	7	8	-6	1	-12	13	-1	-7	-6
- Non-Operating (Income) Loss	15	27	16	12	10	9	23	8	8	15	34	9	- -	2
+ Interest Expense, Net	15	13	12	12	10	9	8	7	5	8	7	11	1	2
+ Interest Expense	15	14	12	12	10	9	8	7	5	8	7	11	1	2
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	13	4	- -	- -	- -	15	1	3	7	27	-2	-2	- -
Pretax Income	17	20	40	61	17	-2	-16	-14	-6	-27	-21	-10	-6	-8
- Income Tax Expense (Benefit)	7	8	17	25	8	- -	-4	-1	2	- -	-7	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	10	12	23	36	9	-2	-11	-13	-8	-27	-14	-10	-7	-8
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	10	12	23	36	9	-2	-11	-13	-8	-27	-14	-10	-7	-8
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	10	12	23	36	9	-2	-11	-13	-8	-27	-14	-10	-7	-8
- Preferred Dividends	6	6	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	4	6	21	36	9	-2	-11	-13	-8	-27	-14	-10	-7	-8
EBIT	32	47	56	73	27	7	8	-6	1	-12	13	-1	-7	-6
EBITDA	39	54	65	84	40	20	21	5	11	-1	20	6	-1	1
EBITDA Margin (%)	31.54	33.42	31.07	32.72	20.33	12.6	14.78	3.7	7.34	-0.88	12.85	4.57	-1.1	0.51
EBITA	32	47	56	73	27	7	8	-6	1	-12	13	-1	-7	-6
Gross Margin (%)	52.95	100	60.49	62.1	52.05	44.74	44.21	37.76	38.24	23.42	35.45	100	100	100
Operating Margin (%)	25.71	28.65	26.55	28.54	13.96	4.36	5.31	-4.55	0.77	-8.28	8.36	-1.06	-6.32	-5.39
Profit Margin (%)	8.08	7.59	10.93	14.23	4.81	-1.13	-8.1	-9.64	-5.15	-17.83	-8.97	-8.27	-5.99	-6.61
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	7	8	10	11	12	13	13	11	10	11	7	7	6	7
Basic Weighted Avg Shares	45	45	44	47	49	49	50	51	52	53	54	60	73	76
Basic EPS, GAAP	0.09	0.13	0.48	0.77	0.19	-0.04	-0.23	-0.25	-0.15	-0.5	-0.26	-0.17	-0.09	-0.1
Basic EPS from Cont Ops	0.22	0.27	0.52	0.77	0.19	-0.04	-0.23	-0.25	-0.15	-0.5	-0.26	-0.17	-0.09	-0.1
Diluted Weighted Avg Shares	45	45	48	49	50	49	50	51	52	53	54	60	73	76
Diluted EPS, GAAP	0.09	0.13	0.44	0.74	0.19	-0.04	-0.23	-0.25	-0.15	-0.5	-0.26	-0.17	-0.09	-0.1
Diluted EPS from Cont Ops	0.22	0.27	0.48	0.74	0.19	-0.04	-0.23	-0.25	-0.15	-0.5	-0.26	-0.17	-0.09	-0.1

Balance Sheet (USD)

API Chat

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	- -	49	69	114	121	109	72	56	32	37	55	55	58	40
+ Cash, Cash Equivalents & STI	- -	20	38	82	80	71	33	22	5	3	16	17	23	7
+ Cash & Cash Equivalents	- -	20	38	82	80	71	33	22	5	3	16	17	23	7
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	19	23	20	19	18	14	19	21	29	32	32	30	29
+ Accounts Receivable, Net	- -	19	23	20	15	18	11	12	21	27	23	21	16	18
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	4	- -	2	7	- -	2	9	11	15	11
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	9	8	12	21	20	26	14	5	5	6	5	4	4
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	134	143	143	142	133	113	109	106	102	72	67	61	59
+ Property, Plant & Equip, Net	- -	15	21	26	28	26	24	21	22	26	23	19	13	10
+ Property, Plant & Equip	- -	41	53	64	73	80	81	85	95	102	101	93	86	75
- Accumulated Depreciation	- -	26	32	38	46	54	57	64	73	77	78	74	73	65
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	119	122	117	114	108	89	88	84	76	49	48	48	49
+ Total Intangible Assets	- -	118	118	114	112	108	88	86	83	75	48	47	47	47
+ Goodwill	- -	82	82	82	83	83	83	82	82	74	47	47	47	47
+ Other Intangible Assets	- -	37	36	33	29	25	6	5	1	1	1	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	1	5	3	3	- -	1	2	1	1	1	1	1	2
Total Assets	- -	182	212	257	263	243	185	164	138	139	126	122	119	99
+ Payables & Accruals	- -	8	11	14	19	21	18	19	7	9	9	10	8	9
+ Accounts Payable	- -	- -	1	2	1	1	1	2	1	3	- -	1	1	1
+ Accrued Taxes	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	7	9	12	17	19	17	17	6	6	9	8	7	8
+ ST Debt	- -	8	11	11	10	8	10	2	2	6	62	2	2	- -
+ ST Borrowings	- -	8	11	11	10	8	10	2	2	3	60	- -	1	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	2	2	1	- -
+ Other ST Liabilities	- -	11	15	21	27	25	24	22	5	5	6	6	4	3
+ Deferred Revenue	- -	2	2	- -	- -	- -	- -	- -	1	- -	1	1	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	9	13	21	27	25	24	22	4	5	5	5	3	3
Total Current Liabilities	- -	27	37	46	56	54	51	43	14	19	77	18	14	12
+ LT Debt	- -	95	137	123	102	84	44	39	41	64	3	21	19	5
+ LT Borrowings	- -	95	137	123	102	84	44	39	41	59	- -	19	18	5
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	3	2	1	- -
+ Other LT Liabilities	- -	18	14	15	14	11	3	2	5	2	4	1	1	1
+ Accrued Liabilities	- -	16	11	13	12	9	1	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	1	3	2	2	2	2	2	5	2	4	1	1	1
Total Noncurrent Liabilities	- -	113	151	137	116	95	47	41	46	66	7	22	20	6
Total Liabilities	- -	140	188	183	172	149	99	84	61	85	84	40	34	18
+ Preferred Equity and Hybrid Capital	- -	58	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	19	36	50	57	62	66	72	77	81	83	134	142	146
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	19	36	50	57	62	66	72	77	81	83	134	142	146
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	-33	-12	24	34	32	21	8	- -	-27	-41	-51	-58	-65
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	- -	43	24	74	91	94	86	80	77	54	42	82	84	81
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	- -	43	24	74	91	94	86	80	77	54	42	82	84	81
Total Liabilities & Equity	- -	182	212	257	263	243	185	164	138	139	126	122	119	99
Shares Outstanding	- -	45	45	48	49	49	50	51	53	54	55	69	76	77
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	8	6	4	2	1
Net Debt	- -	83	110	51	31	21	21	19	38	59	44	2	-4	-2
Net Debt to Equity	- -	195.99	456.64	69.23	34.55	22.33	23.92	23.47	49.03	109.11	104.61	2.7	-4.99	-2.79
Tangible Common Equity Ratio	- -	-208.36	-99.8	-27.83	-13.52	-10.18	-2.25	-7.83	-10.01	-34.09	-7.78	46.98	51.93	64.53
Current Ratio	- -	1.81	1.86	2.49	2.17	2.03	1.4	1.29	2.25	1.9	0.71	3.12	4.05	3.21
Cash Conversion Cycle	- -	- -	33.65	23.38	25.1	33.04	34.42	28.37	33.58	52.06	53.64	- -	- -	- -

Cash Flow Statement (USD)

API Chat

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	10	12	23	36	9	-2	-11	-13	-8	-27	-14	-10	-7	-8
+ Depreciation & Amortization	7	8	10	11	12	13	13	11	10	11	7	7	6	7
+ Non-Cash Items	3	5	1	3	3	3	15	11	-12	9	31	8	2	5
+ Stock-Based Compensation	1	- -	2	3	4	5	5	4	3	2	3	3	3	4
+ Deferred Income Taxes	- -	-10	-2	-2	-2	-3	-7	4	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	13	- -	- -	- -	- -	16	2	3	7	27	1	- -	- -
+ Other Non-Cash Adj	2	1	1	1	1	1	1	2	-18	- -	1	5	-1	1
+ Chg in Non-Cash Work Cap	-2	4	3	12	3	2	1	-7	-2	-9	-3	-4	-4	- -
+ (Inc) Dec in Accts Receiv	2	-5	-4	3	- -	1	4	-6	- -	-8	-4	- -	2	2
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-1	- -	- -	-2	-8	- -	- -	- -	1	- -	- -	1	-1	- -
+ Inc (Dec) in Accts Payable	- -	3	3	3	5	2	-3	1	-3	1	1	- -	-1	- -
+ Inc (Dec) in Other	-2	6	3	7	6	-1	-1	-2	- -	-3	1	-4	-3	-2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	18	29	37	61	28	16	18	3	-12	-15	21	1	-3	4
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	5	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	5	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-5	-6	-11	-13	-10	-8	-8	-7	-8	-5	-4	-3	-4	-4
+ Acq of Fixed Prod Assets	-5	-6	-11	-13	-10	-8	-8	-7	-8	-5	-4	-3	-4	-4
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	11	- -	- -	- -	- -	- -	- -	- -	- -	43	- -	- -
+ Increase in Capital Stock	- -	- -	13	- -	- -	- -	- -	- -	- -	- -	- -	43	- -	- -
+ Decrease in Capital Stock	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	3	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-5	-6	-12	-13	-10	-7	-8	-7	-5	-5	-4	- -	2	-4
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-10	-14	44	-14	-22	-18	-39	-12	2	19	-3	-41	- -	-14
+ Cash From Debt	- -	- -	160	- -	- -	- -	- -	44	4	21	- -	20	- -	5
+ Repayments of Debt	-10	-14	-116	-14	-22	-18	-39	-56	-2	-2	-3	-61	- -	-20
+ Other Financing Activities	-1	- -	-63	10	2	-1	-2	-1	-1	-1	- -	-1	6	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-11	-14	-7	-5	-19	-19	-41	-13	1	18	-4	1	5	-16
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	2	9	18	44	-2	-9	-31	-17	-16	-2	13	1	4	-16
EBITDA	39	54	65	84	40	20	21	5	11	-1	20	6	-1	1
EBITDA Margin (%)	31.54	33.42	31.07	32.72	20.33	12.6	14.78	3.7	7.34	-0.88	12.85	4.57	-1.1	0.51
Free Cash Flow	13	23	26	49	18	8	10	-4	-20	-20	17	-2	-6	- -
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -	- -	- -	- -	- -
Free Cash Flow to Firm	22	31	33	56	23	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	61	10	34	-4	-8	-29	-16	-18	-2	14	-43	-2	-15
Free Cash Flow per Basic Share	0.29	0.51	0.58	1.03	0.36	0.17	0.2	-0.08	-0.38	-0.38	0.31	-0.04	-0.09	- -
Price/Free Cash Flow	- -	- -	9.94	6.9	8.72	3.68	4.58	8.17	-26.01	-5.16	1.95	33.64	371.9	29.78
Cash Flow to Net Income	1.83	2.34	1.61	1.68	2.96	-9.01	-1.55	-0.23	1.52	0.58	-1.49	-0.09	0.44	-0.51
Capital Expenditures	-5	-6	-11	-13	-10	-8	-8	-7	-8	-5	-4	-3	-4	-4