Company name:

Altair Engineering Inc

  • IPO SHARE PRICE:
    $13.00
  • IPO DATE:
    01 November 2017
  • TICKER:
    ALTR
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    1820 East Big Beaver Road Troy Michigan 48083
  • 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

Altair Engineering Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
29.1% 14.2%
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
46.6%
29.1% —

Cash and cash equivalents

14.2% —

Accounts Receivable

2.5% —

Prepaid expenses and other current assets

0.8% —

Income tax 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
 $39,213 $35,345 $223,117 $241,221
Accounts Receivable
$45,679
 86,635 96,803 104,984 117,878
Income tax receivable
$45,679
 6,054 4,431 7,264 6,736
Inventory
$45,679
 1,980 - - -
Prepaid expenses and other current assets
$45,679
 10,006 17,455 17,092 21,100
Total current assets
$45,679
 $143,888 $154,034 $352,457 $386,935
4.4% 4.0% 3.1% 9.2% 31.9%
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
53.4%
31.9% —

Goodwill

9.2% —

Other intangible assets

4.4% —

Property and equipment net

4.0% —

Operating lease - right-of-use assets

3.1% —

Other long-term assets

0.9% —

Deferred tax assets
Selected Year:
Property and equipment net
45,679
 31,446 30,153 36,297 36,332
Operating lease - right-of-use assets
-
 - - 28,134 33,526
Deferred tax assets
45,679
 8,351 5,354 5,791 7,125
Other intangible assets
45,679
 24,461 69,836 67,075 76,114
Goodwill
45,679
 62,706 210,532 233,683 264,481
Other long-term assets
45,679
 17,019 17,288 19,708 25,389
Total non-current assets
45,679
 143,983 333,163 390,688 442,967
Total assets
45,679
 $287,871 $487,197 $743,145 $829,902
10.3% 3.7% 4.2% 3.7% 3.3% 22.7% 57.2%
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
24.2%
10.3% —

Current portion of deferred revenue

4.2% —

Accrued employee compensation and benefits

3.7% —

Accrued expenses and other current liabilities

3.7% —

Current maturities of long-term debt

1.2% —

Current portion of Operating leases

1.0% —

Accounts payable
Selected Year:
Accounts payable
$45,679
 $4,880 $8,357 $8,585 $8,594
Accrued employee compensation and benefits
$45,679
 26,560 31,740 30,676 34,772
Accrued expenses and other current liabilities
$45,679
 21,744 27,039 28,603 30,982
Current portion of deferred revenue
$45,679
 130,122 59,765 75,431 85,691
Obligations for acquisition of businesses
$45,679
 13,925 - - -
Current maturities of long-term debt
$45,679
 232 331 430 30,384
Current portion of Operating leases
-
 - - 9,141 10,331
Total current liabilities
$45,679
 $197,463 $127,232 $152,866 $200,754
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
30.1%
22.7% —

Long-term debt

3.3% —

Other non-current liabilities

2.9% —

Operating leases

1.1% —

Deferred revenue
Selected Year:
Stock-based compensation liability
$45,679
 - - - -
Deferred revenue
$45,679
 9,640 6,754 8,136 9,388
Long-term debt
$45,679
 178 31,417 178,238 188,653
Operating leases
-
 - - 20,174 24,323
Other non-current liabilities
$45,679
 17,647 25,756 26,672 27,414
Total long-term liabilities
$45,679
 $27,465 $63,927 $233,220 $249,778
Total Liabilities
$45,679
 $224,928 $191,159 $386,086 $450,532
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
45.6%
57.2% —

Additional paid-in capital

0.1% —

Mezzanine Equity

0.0% —

Common stock Class A

0.0% —

Common stock Class B
Selected Year:
Non-controlling interest
$45,679
 - - - -
Mezzanine Equity
$45,679
 2,352 2,352 2,352 784
Preferred Stock
$45,679
 - - - -
Common stock Class A
$45,679
 2 4 4 4
Common stock Class B
$45,679
 4 3 3 3
Accumulated deficit
$45,679
 (166,499) (74,863) (82,405) (93,293)
Additional paid-in capital
$45,679
 232,156 379,832 446,633 474,669
Accumulated other comprehensive loss
$45,679
 (5,072) (11,290) (9,528) (2,797)
Total Equity attributable to Company
$45,679
 - - - -
Total Equity
$45,679
 $60,591 $293,686 $354,707 $378,586
Total Liabilities and Equity
$45,679
 $287,871 $487,197 $743,145 $829,902