Company name:

Smartsheet Inc

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    27 April 2018
  • TICKER:
    SMAR
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    10500 NE 8th Street Suite 1300 Bellevue WA 98004
  • FISCAL YEAR END:
    January 31
  • INCORPORATION JURISDICTION:
    WA
  • 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

Smartsheet Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
48.5% 11.3%
Selected Year:
31-Jan
2021
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
61.2%
48.5% —

Cash and cash equivalents

11.3% —

Accounts Receivable

1.5% —

Prepaid expenses and other current assets

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 		$58,158 $213,085 $515,924 $442,200
Short-term passive investments - - 50,532 -
Accounts Receivable 14,870 30,173 56,863 102,648
Prepaid expenses and other current assets 4,628 3,922 7,643 13,524
Total current assets $77,656 $247,180 $630,962 $558,372
3.1% 8.9% 6.6% 5.9% 13.8%
Selected Year:
31-Jan
2021
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
38.8%
13.8% —

Goodwill

8.9% —

Operating lease - right-of-use assets

6.6% —

Deferred commissions

5.9% —

Intangible assets

3.1% —

Property and equipment net

0.4% —

Other long-term assets

0.0% —

Restricted cash and cash equivalents
Selected Year:
Restricted cash and cash equivalents - - 865 18
Long-term restricted cash 2,901 2,620 865 -
Property and equipment net 17,237 22,540 26,981 28,613
Operating lease - right-of-use assets - - 57,590 81,081
Deferred commissions 15,291 29,014 48,255 60,529
Intangible assets
1,547 1,827 15,155 54,139
Goodwill
445 5,496 16,497 125,605
Other long-term assets 1,527 67 1,409 3,432
Total non-current assets 38,948 61,564 166,752 353,417
Total assets $116,604 $308,744 $797,714 $911,789
24.4% 5.2% 7.9% 98.5%
Selected Year:
31-Jan
2021
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
33.7%
24.4% —

Current portion of deferred revenue

5.2% —

Accrued employee compensation and benefits

1.9% —

Other accrued liabilities

1.9% —

Current portion of Operating leases

0.3% —

Accounts payable
Selected Year:
Accounts payable $2,641 $4,658 $7,720 $2,851
Capital lease payable 2,833 - - -
Accrued employee compensation and benefits 13,253 25,557 39,635 47,861
Other accrued liabilities 3,061 6,544 12,428 17,263
Current portion of deferred revenue 57,102 95,766 157,972 222,689
Current portion of Operating leases - - 13,020 17,059
Current portion of Finance leases - 3,768 2,465 -
Total current liabilities $78,890 $136,293 $233,240 $307,723
Selected Year:
31-Jan
2021
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
8.5%
7.9% —

Operating leases

0.4% —

Other non-current liabilities

0.1% —

Deferred revenue
Selected Year:
Deferred revenue 179 367 837 1,308
Convertible preferred stock warrant liabilities 1,272 - - -
Operating leases - - 47,913 71,925
Finance leases - 2,164 1,664 -
Capital lease payable 3,713 - - -
Other non-current liabilities 604 2,928 - 3,904
Total long-term liabilities $5,768 $5,459 $50,414 $77,137
Total Liabilities $84,658 $141,752 $283,654 $384,860
Selected Year:
31-Jan
2021
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
57.8%
98.5% —

Additional paid-in capital
Selected Year:
Convertible preferred stock
$112,687 - - -
Accumulated deficit
(106,633) (160,518) (256,458) (371,437)
Additional paid-in capital
25,892 327,510 770,518 898,366
Total Equity ($80,741) $166,992 $514,060 $526,929
Total Liabilities and Equity $116,604 $308,744 $797,714 $911,789