Company name:

Billcom Holdings Inc

  • IPO SHARE PRICE:
    $22.00
  • IPO DATE:
    12 December 2019
  • TICKER:
    BILL
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    1800 Embarcadero Road Palo Alto CA 94303
  • FISCAL YEAR END:
    June 30
  • 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

Billcom Holdings Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
38.4% 4.1% 54.3%
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
97.6%
54.3% —

Funds held for customers

38.4% —

Cash and cash equivalents

4.1% —

Short-term passive investments

0.5% —

Prepaid expenses and other current assets

0.2% —

Unbilled revenue

0.2% —

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 		$90,306 $573,643 $1,568,684
Short-term passive investments 71,969 123,974 165,588
Funds held for customers 1,329,306 1,644,250 2,217,680
Accounts Receivable 4,398 4,252 7,037
Unbilled revenue 4,795 6,549 7,370
Prepaid expenses and other current assets 12,326 26,781 18,748
Total current assets $1,513,100 $2,379,449 $3,985,107
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
2.4%
1.1% —

Operating lease - right-of-use assets

0.7% —

Property and equipment net

0.5% —

Other assets non-current
Selected Year:
Property and equipment net 6,557 13,866 30,572
Operating lease - right-of-use assets - - 44,771
Other assets non-current - 10,700 21,967
Other non-current assets 6,641 10,700 -
Total non-current assets 13,198 24,566 97,310
Total assets $1,526,298 $2,404,015 $4,082,417
54.3% 21.7% 25.9%
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
55.3%
54.3% —

Customer fund deposits

0.4% —

Accrued employee compensation and benefits

0.2% —

Other accrued liabilities

0.1% —

Current portion of deferred revenue

0.1% —

Accounts payable

0.1% —

Current portion of Operating leases

0.1% —

Borrowings under Revolving Credit Facility
Selected Year:
Accounts payable $5,063 $3,478 $5,076
Customer fund deposits 1,329,306 1,644,250 2,217,680
Accrued employee compensation and benefits 4,333 12,387 14,304
Other accrued liabilities 6,556 8,541 6,600
Current portion of deferred revenue 3,469 5,891 5,379
Redeemable convertible preferred stock warrant liabilities 688 - -
Borrowings under Revolving Credit Facility - 2,300 2,300
Current portion of Operating leases - - 4,727
Total current liabilities $1,349,415 $1,676,847 $2,256,066
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
23.3%
21.7% —

Senior convertible notes

1.3% —

Operating leases

0.1% —

Other non-current liabilities

0.1% —

Deferred revenue

0.0% —

Deferred tax liability
Selected Year:
Deferred revenue 1,786 2,622 3,166
Deferred tax liability - - 1,832
Senior convertible notes
- - 886,052
Operating leases
- - 54,141
Other non-current liabilities 1,447 13,827 4,412
Total long-term liabilities $3,233 $16,449 $949,603
Total Liabilities $1,352,648 $1,693,296 $3,205,669
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
21.5%
25.9% —

Additional paid-in capital

0.0% —

Accumulated other comprehensive income

0.0% —

Common stock
Selected Year:
Redeemable convertible preferred stock
$276,307 - -
Common stock 1 2 2
Accumulated deficit
(117,656) (148,747) (178,877)
Additional paid-in capital
14,672 857,044 1,055,425
Accumulated other comprehensive income 326 2,420 198
Total Equity ($102,657) $710,719 $876,748
Total Liabilities and Equity $1,526,298 $2,404,015 $4,082,417