Company name:

AppFolio Inc

  • IPO SHARE PRICE:
    $12.00
  • IPO DATE:
    26 June 2015
  • TICKER:
    APPF
  • MAIN STOCK EXCHANGE:
    NASDAQ
  • CURRENT HQ LOCATION:
    50 Castilian Drive Santa Barbara California 93117
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

AppFolio Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
36.0% 7.3% 5.3%
Selected Year:
31-Dec
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
51.2%
36.0% —

Cash and cash equivalents

7.3% —

Short-term passive investments

5.3% —

Prepaid expenses and other current assets

2.6% —

Accounts Receivable

Liquidity
Selected Year:
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
Cash and cash equivalents
$45,679
$45,679
$45,679
 $16,109 $74,076 $15,813 $140,263
Short-term passive investments
$45,679
$45,679
$45,679
 29,800 16,631 22,876 28,256
Accounts Receivable
$45,679
$45,679
$45,679
 3,387 5,516 7,562 10,057
Prepaid expenses and other current assets
$45,679
$45,679
$45,679
 4,546 11,775 15,540 20,777
Total current assets
$45,679
$45,679
$45,679
 $53,842 $107,998 $61,791 $199,353
6.8% 9.1% 7.8% 3.1% 4.2% 14.4%
Selected Year:
31-Dec
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
48.8%
14.4% —

Goodwill

9.1% —

Capitalized software development cost net

7.8% —

Operating lease - right-of-use assets

6.8% —

Property and equipment net

4.2% —

Intangible assets

3.1% —

Deferred tax assets

1.7% —

Long-term passive investments

1.6% —

Other long-term assets
Selected Year:
Long-term passive investments
45,679
45,679
45,679
 22,401 11,256 12,089 6,770
Property and equipment net
45,679
45,679
45,679
 6,696 6,871 14,744 26,439
Capitalized software development cost net
45,679
45,679
45,679
 17,609 20,485 30,023 35,459
Operating lease - right-of-use assets
-
-
-
 - - 27,803 30,561
Deferred tax assets
-
-
-
 - - 27,574 12,181
Intangible assets
45,679
45,679
45,679
 1,725 5,895 21,377 16,357
Goodwill
45,679
45,679
45,679
 6,737 15,548 58,425 56,147
Other non-current assets
45,679
45,679
45,679
 1,238 - - -
Other long-term assets
-
-
-
 - 7,688 6,276 6,213
Total non-current assets
45,679
45,679
45,679
 56,406 67,743 198,311 190,127
Total assets
45,679
45,679
45,679
 $110,248 $175,741 $260,102 $389,480
3.6% 4.8% 3.5% 10.3% 38.6% 41.4%
Selected Year:
31-Dec
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
12.8%
4.8% —

Accrued employee compensation

3.6% —

Accrued expenses

2.3% —

Income tax payable

1.1% —

Other current liabilities

0.6% —

Current portion of deferred revenue

0.3% —

Accounts payable
Selected Year:
Accounts payable
$45,679
$45,679
$45,679
 $610 $1,481 $1,927 $1,040
Income tax payable
-
-
-
 - - - 9,095
Accrued employee compensation
$45,679
$45,679
$45,679
 10,710 12,377 17,758 18,888
Accrued expenses
$45,679
$45,679
$45,679
 4,289 8,281 10,833 14,069
Current portion of deferred revenue
$45,679
$45,679
$45,679
 7,080 3,414 4,600 2,262
Term Loan
-
-
-
 - - 1,208 -
Current maturities of long-term debt
-
-
-
 - 1,213 1,208 -
Other current liabilities
$45,679
$45,679
$45,679
 1,223 1,447 11,139 4,451
Total current liabilities
$45,679
$45,679
$45,679
 $23,912 $28,213 $47,465 $49,805
Selected Year:
31-Dec
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
13.8%
10.3% —

Operating leases

3.5% —

Deferred tax liability
Selected Year:
Deferred revenue
$45,679
-
-
 - - - -
Deferred tax liability
-
-
-
 - - - 13,609
Deferred rent and other liabilities
-
-
-
 1,257 - - -
Term Loan
-
-
-
 - - 47,375 -
Long-term debt
-
-
-
 - 48,602 47,375 -
Operating leases
-
-
-
 - - 33,312 40,146
Other non-current liabilities
$45,679
$45,679
$45,679
 - 7,080 14 -
Total long-term liabilities
$45,679
$45,679
$45,679
 $1,257 $55,682 $80,701 $53,755
Total Liabilities
$45,679
$45,679
$45,679
 $25,169 $83,895 $128,152 $103,560
Selected Year:
31-Dec
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
73.4%
41.4% —

Additional paid-in capital

38.6% —

Retained earnings

0.0% —

Accumulated other comprehensive income

0.0% —

Common stock Class A

0.0% —

Common stock Class B
Selected Year:
Convertible preferred stock Series A B
$45,679
-
-
 - - - -
Preferred Stock
$45,679
$45,679
$45,679
 - - - -
Common stock Class A
$45,679
$45,679
$45,679
 1 2 2 2
Common stock Class B
$45,679
$45,679
$45,679
 3 2 2 2
Treasury Stock at cost
-
-
-
 - (21,562) (21,562) (25,756)
Treasury stock - common Class A
-
-
-
 - - (21,562) -
Retained earnings
-
-
-
 - - (8,034) 150,369
Accumulated deficit
$45,679
$45,679
$45,679
 (67,247) (44,316) (8,034) -
Additional paid-in capital
$45,679
$45,679
$45,679
 152,531 157,898 161,509 161,247
Accumulated other comprehensive income
-
-
-
 - - 33 56
Accumulated other comprehensive (loss) income
-
-
-
 - (178) 33 -
Accumulated other comprehensive loss
$45,679
$45,679
$45,679
 (209) - - -
Total Equity
$45,679
$45,679
$45,679
 $85,079 $91,846 $131,950 $285,920
Total Liabilities and Equity
$45,679
$45,679
$45,679
 $110,248 $175,741 $260,102 $389,480