Company name:
RealPage Inc
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IPO SHARE PRICE:$11.00
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IPO DATE:12 August 2010
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TICKER:RP
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MAIN STOCK EXCHANGE:NASDAQ
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CURRENT HQ LOCATION:2201 Lakeside Boulevard Richardson Texas 75082-4305
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
RealPage Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
17.1%
6.5%
4.2%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
29.4%
17.1% —
Cash and cash equivalents
6.5% —
Restricted cash and cash equivalents
4.2% —
Accounts Receivable
0.8% —
Prepaid expenses
0.8% —
Other short-term assets
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$69,343 | $228,159 | $197,154 | $594,734 | ||||||||
| Restricted cash and cash equivalents | 96,002 | 154,599 | 243,323 | 227,522 | ||||||||
| Accounts Receivable | 124,505 | 123,596 | 143,127 | 145,681 | ||||||||
| Deferred tax assets | - | - | - | - | ||||||||
| Prepaid expenses | 12,107 | 19,214 | 24,539 | 29,576 | ||||||||
| Other short-term assets | 6,622 | 15,185 | 27,387 | 29,559 | ||||||||
| Total current assets | $308,579 | $540,753 | $635,530 | $1,027,072 |
5.2%
3.2%
9.9%
50.8%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
70.6%
50.8% —
Goodwill
9.9% —
Intangible assets
5.2% —
Property equipment and software net
3.2% —
Right-of-use assets
0.9% —
Other assets non-current
0.7% —
Deferred tax assets
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| Property equipment and software net | 148,428 | 153,528 | 163,282 | 181,211 | ||||||||
| Right-of-use assets | - | - | 121,941 | 110,637 | ||||||||
| Deferred tax assets | 44,887 | 42,602 | 33,812 | 23,471 | ||||||||
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Intangible assets
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252,337 | 287,378 | 372,996 | 344,879 | ||||||||
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Identifiable intangible assets
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- | - | - | - | ||||||||
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Goodwill
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751,052 | 1,053,119 | 1,611,749 | 1,771,035 | ||||||||
| Other assets non-current | - | - | 30,507 | 29,710 | ||||||||
| Other non-current assets | 11,010 | 20,393 | 30,507 | - | ||||||||
| Total non-current assets | 1,207,714 | 1,557,020 | 2,334,287 | 2,460,943 |
| Total assets | $1,516,293 | $2,097,773 | $2,969,817 | $3,488,015 |
4.1%
6.5%
3.3%
9.1%
15.6%
8.3%
3.5%
46.0%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
25.2%
9.1% —
Convertible notes
6.5% —
Customer deposits
4.1% —
Current portion of deferred revenue
3.3% —
Accrued expenses and other current liabilities
1.3% —
Accounts payable
0.9% —
Term Loan
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| Accounts payable | $26,733 | $25,312 | $40,092 | $44,034 | ||||||||
| Accrued expenses and other current liabilities | 79,379 | 95,482 | 89,038 | 116,530 | ||||||||
| Current portion of deferred revenue | 116,622 | 120,704 | 134,148 | 143,956 | ||||||||
| Deferred tax liability | - | - | - | - | ||||||||
| Term Loan | 14,116 | 16,133 | 18,750 | 30,000 | ||||||||
| Convertible notes | - | - | - | 318,281 | ||||||||
| Current maturities of long-term debt | - | - | - | - | ||||||||
| Customer deposits | 96,057 | 154,601 | 243,316 | 227,373 | ||||||||
| Total current liabilities | $332,907 | $412,232 | $525,344 | $880,174 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
28.5%
15.6% —
Term Loan
8.3% —
Convertible notes
3.5% —
Leases
0.9% —
Other non-current liabilities
0.1% —
Deferred revenue
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| Deferred revenue | 5,538 | 4,902 | 4,793 | 4,227 | ||||||||
| Deferred tax liability | - | - | - | - | ||||||||
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Borrowings under Revolving Credit Facility
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50,000 | - | 230,000 | - | ||||||||
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Term Loan
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303,261 | 287,582 | 575,313 | 545,830 | ||||||||
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Convertible notes
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281,199 | 292,843 | 305,188 | 288,283 | ||||||||
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Long-term debt
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- | - | - | - | ||||||||
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Leases
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- | - | 133,313 | 121,127 | ||||||||
| Other non-current liabilities | 41,513 | 37,190 | 22,940 | 33,031 | ||||||||
| Total long-term liabilities | $681,511 | $622,517 | $1,271,547 | $992,498 |
| Total Liabilities | $1,014,418 | $1,034,749 | $1,796,891 | $1,872,672 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
46.3%
46.0% —
Additional paid-in capital
1.1% —
Retained earnings
0.0% —
Common stock
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Redeemable convertible preferred stock Series A
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- | - | - | - | ||||||||
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Redeemable convertible preferred stock Series B
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- | - | - | - | ||||||||
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Redeemable convertible preferred stock Series C
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- | - | - | - | ||||||||
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Preferred Stock
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- | - | - | - | ||||||||
| Common stock | 87 | 96 | 96 | 103 | ||||||||
| Treasury Stock | - | - | (39,483) | - | ||||||||
| Treasury Stock at cost | (61,260) | (65,470) | (39,483) | (22,070) | ||||||||
| Retained earnings | - | - | (7,695) | 38,103 | ||||||||
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Accumulated deficit
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(75,046) | (58,793) | (7,695) | - | ||||||||
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Additional paid-in capital
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637,851 | 1,187,683 | 1,222,356 | 1,603,610 | ||||||||
| Accumulated other comprehensive (loss) income | 243 | - | - | - | ||||||||
| Accumulated other comprehensive loss | - | (492) | (2,348) | (4,403) | ||||||||
| Total Equity | $501,875 | $1,063,024 | $1,172,926 | $1,615,343 |
| Total Liabilities and Equity | $1,516,293 | $2,097,773 | $2,969,817 | $3,488,015 |