Progress Software (PRGS) Financials

The income statement for Progress Software Corp (PRGS) provides a snapshot of the company's financial performance. It includes important information such as revenue, expenses, and net income from stockholders. In the latest reported period, Progress Software Corp recorded total revenue of $470 million. This represents the amount generated from the company's various operations. The gross profit for the same period was $320 million, which is calculated by subtracting the cost of goods sold from the total revenue. This indicates the profitability of the company's core business activities. After deducting operating expenses, Progress Software Corp reported earnings before interest and taxes (EBIT) of $80 million. EBITDA, which stands for earnings before interest, taxes, depreciation, and amortization, was $100 million. This metric provides a clearer picture of the company's profitability by excluding non-operating expenses. Finally, Progress Software Corp recorded net income from stockholders of $50 million, which represents the amount available to shareholders after all expenses and taxes have been paid.

Moving on to the balance sheet, Progress Software Corp had total assets of $1.2 billion. This includes both tangible and intangible assets owned by the company. The total liabilities, which include both short-term and long-term obligations, amounted to $800 million. Stockholders' equity, which represents the ownership stake of shareholders in the company, was $400 million. This figure is derived by subtracting total liabilities from total assets. Progress Software Corp also had net debt of $200 million, indicating the company's overall debt position. Cash equivalents, which are highly liquid assets that can be quickly converted into cash, amounted to $100 million. These assets provide the company with financial flexibility and liquidity.

In terms of cash flow, Progress Software Corp recorded operating cash flow of $70 million. This represents the cash generated from the company's core business activities. Investing cash flow, which reflects the company's capital expenditures and investments, was -$20 million. This negative value suggests that Progress Software Corp invested more in assets than it received from selling assets. On the other hand, financing cash flow, which includes activities such as issuing or repurchasing stock and borrowing or repaying debt, was -$50 million. This negative value indicates that the company had a net cash outflow from financing activities. Finally, the company's free cash flow, which represents the amount of cash available for distribution to investors or reinvestment in the business, was $50 million. Overall, these financial indicators provide insights into the performance and financial health of Progress Software Corp (PRGS).