Company name:
Black Knight Inc
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IPO SHARE PRICE:$24.00
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IPO DATE:20 May 2015
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TICKER:BKFS
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:601 Riverside Avenue Jacksonville Florida 32204
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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
Black Knight Inc
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Balance Sheet
(USD in thousand)
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
4.7%
3.0% —
Accounts Receivable
1.2% —
Prepaid expenses and other current assets
0.6% —
Cash and cash equivalents
Liquidity
|
|
|
|
|
|
|
---|---|---|---|---|---|---|
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
|
$16,200 | $20,300 | $15,400 | $34,700 | ||
Accounts Receivable | 201,800 | 172,300 | 175,100 | 182,200 | ||
Receivables from related parties | 18,100 | 6,200 | 200 | - | ||
Prepaid expenses and other current assets | 44,600 | 67,300 | 64,800 | 70,400 | ||
Total current assets | $280,700 | $266,100 | $255,500 | $287,300 |
8.2%
3.2%
7.7%
11.4%
59.3%
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
95.3%
59.3% —
Goodwill
11.4% —
Other intangible assets
8.2% —
Software
7.7% —
Equity method investments
3.2% —
Other non-current assets
2.8% —
Deferred contract acquisition costs
2.7% —
Property and equipment net
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|
|
|
|
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---|---|---|---|---|---|---|
Property and equipment net | 179,900 | 177,100 | 176,900 | 163,100 | ||
Software | 416,800 | 405,600 | 406,000 | 498,300 | ||
Deferred contract acquisition costs | - | 161,300 | 159,300 | 172,300 | ||
Equity method investments | - | 3,800 | 294,900 | 470,500 | ||
Other intangible assets
|
231,600 | 188,000 | 150,000 | 692,300 | ||
Goodwill
|
2,306,800 | 2,329,700 | 2,361,400 | 3,613,400 | ||
Other non-current assets | 240,100 | 121,800 | 158,800 | 193,300 | ||
Total non-current assets | 3,375,200 | 3,387,300 | 3,707,300 | 5,803,200 |
Total assets | $3,655,900 | $3,653,400 | $3,962,800 | $6,090,500 |
4.7%
34.8%
12.4%
33.7%
9.5%
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
4.8%
1.4% —
Accounts payable and accrued liabilities
1.3% —
Accrued employee compensation and benefits
1.2% —
Current debt
0.8% —
Current portion of deferred revenue
|
|
|
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---|---|---|---|---|---|---|
Accounts payable and accrued liabilities | $65,000 | $67,800 | $65,300 | $88,100 | ||
Accrued employee compensation and benefits | 51,900 | 65,800 | 65,500 | 79,300 | ||
Current portion of deferred revenue | 59,600 | 52,900 | 50,900 | 50,900 | ||
Current debt | - | 52,500 | 79,100 | 73,000 | ||
Current maturities of long-term debt | 55,100 | - | - | - | ||
Total current liabilities | $231,600 | $239,000 | $260,800 | $291,300 |
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
42.6%
34.8% —
Long-term debt
4.7% —
Deferred tax liability
1.6% —
Other non-current liabilities
1.5% —
Deferred revenue
|
|
|
|
|
|
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---|---|---|---|---|---|---|
Deferred revenue | 100,700 | 106,800 | 98,000 | 92,700 | ||
Deferred tax liability | 224,600 | 220,900 | 185,300 | 284,000 | ||
Long-term debt
|
1,379,000 | 1,284,200 | 1,465,100 | 2,121,900 | ||
Other non-current liabilities | 11,200 | 16,000 | 55,100 | 94,900 | ||
Total long-term liabilities | $1,715,500 | $1,627,900 | $1,803,500 | $2,593,500 |
Total Liabilities | $1,947,100 | $1,866,900 | $2,064,300 | $2,884,800 |
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
43.1%
33.7% —
Additional paid-in capital
12.4% —
Retained earnings
9.5% —
Redeemable non-controlling interest
|
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|
|
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---|---|---|---|---|---|---|
Redeemable non-controlling interest
|
- | - | - | $578,000 | ||
Non-controlling interest | - | - | - | - | ||
Preferred Stock
|
- | - | - | - | ||
Preferred stock attributable to Company | - | - | - | - | ||
Common stock attributable to Company | - | - | - | - | ||
Common stock Class A | - | - | - | - | ||
Common stock Class A attributable to Company | - | - | - | - | ||
Common stock Class B | - | - | - | - | ||
Common stock Class B attributable to Company | - | - | - | - | ||
Treasury Stock | - | - | (158,700) | - | ||
Treasury Stock at cost | (90,100) | (180,700) | (158,700) | (144,600) | ||
Retained earnings | 201,400 | 381,100 | 490,600 | 757,400 | ||
Additional paid-in capital
|
1,593,600 | 1,585,800 | 1,586,800 | 2,053,700 | ||
Accumulated other comprehensive (loss) income | 3,900 | 300 | - | - | ||
Accumulated other comprehensive loss | - | - | (20,200) | (38,800) | ||
Total Equity | $1,708,800 | $1,786,500 | $1,898,500 | $2,627,700 |
Total Liabilities and Equity | $3,655,900 | $3,653,400 | $3,962,800 | $6,090,500 |