Acquired by Voya Financial in Feb 2023
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BNFT - Benefitfocus, Inc.

NASDAQ -> Technology -> Software—Application
Charleston, United States
Type: Equity

BNFT price evolution
BNFT
(in millions $) 30 Sep 2022 30 Jul 2022 31 Mar 2022 31 Dec 2021
Current assets
Cash $55.12 $51.5 $58.97 $31
Short term investments $37.05
Net receivables $27.6 $22.34 $23.5 $16.49
Inventory
Total current assets $101.03 $107.4 $108.23 $112.16
Long term investments
Property, plant & equipment $73.79 $77.11 $80.71 $84.45
Goodwill & intangible assets $52.15 $53.23 $54.3 $55.37
Total noncurrent assets $132.68 $137.62 $143.09 $148.69
Total investments $37.05
Total assets $233.71 $245.01 $251.32 $260.84
Current liabilities
Accounts payable $6.06 $5.3 $6.47 $10.56
Deferred revenue $32.81 $30.27 $30.4 $30.13
Short long term debt $11.79 $6.39 $5.75 $7.38
Total current liabilities $71.06 $68.6 $66.12 $72.24
Long term debt $184.77 $194.15 $194.21 $183.04
Total noncurrent liabilities $187.52 $196.98 $197.32 $185.73
Total debt $196.56 $200.53 $199.96 $190.42
Total liabilities $258.58 $265.58 $263.43 $257.96
Shareholders' equity
Retained earnings -$488.98 -$482 -$469.83 -$508.22
Other shareholder equity
Total shareholder equity -$104.06 -$99.76 -$91.31 -$76.32
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Current assets
Cash $31 $90.71 $130.98 $190.93
Short term investments $37.05 $95.08
Net receivables $16.49 $22.24 $33.75 $21.08
Inventory
Total current assets $112.16 $229.38 $186.25 $228.67
Long term investments
Property, plant & equipment $84.45 $99.48 $108.9 $69.97
Goodwill & intangible assets $55.37 $23.25 $25.52 $1.63
Total noncurrent assets $148.69 $132.99 $145.43 $85.27
Total investments $37.05 $95.08
Total assets $260.84 $362.37 $331.68 $313.94
Current liabilities
Accounts payable $10.56 $2.16 $9.56 $8.69
Deferred revenue $30.13 $32.2 $38.51 $45.86
Short long term debt $7.38 $5.96 $6.87 $4.49
Total current liabilities $72.24 $61.29 $75.64 $78.44
Long term debt $183.04 $263.59 $276.52 $233.81
Total noncurrent liabilities $185.73 $270.48 $281.69 $245.71
Total debt $190.42 $269.55 $283.39 $238.29
Total liabilities $257.96 $331.77 $357.33 $324.15
Shareholders' equity
Retained earnings -$508.22 -$476.06 -$451.7 -$413.87
Other shareholder equity
Total shareholder equity -$76.32 -$48.59 -$25.64 -$10.21
(in millions $) 30 Sep 2022 30 Jul 2022 31 Mar 2022 31 Dec 2021
Revenue
Total revenue $56.19 $61.23 $75.1
Cost of revenue $29.86 $29.89 $34.84
Gross Profit $26.33 $31.34 $40.26
Operating activities
Research & development $12.38 $11.16 $11.7
Selling, general & administrative $20.48 $19.21 $23.2
Total operating expenses $32.86 $31.38 $34.9
Operating income -$6.53 -$0.04 $5.36
Income from continuing operations
EBIT -$4.02 $0.22 $3.92
Income tax expense $0.05 $0.02 -$3.08
Interest expense $2.92 $2.48 $4
Net income
Net income -$6.99 -$2.28 $3
Income (for common shares) -$8.59 -$3.88 $1.41
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Revenue
Total revenue $263.1 $268.14 $295.69 $258.72
Cost of revenue $122.71 $129.39 $144.09 $129.28
Gross Profit $140.38 $138.75 $151.6 $129.44
Operating activities
Research & development $44.7 $46.17 $54.72 $47.9
Selling, general & administrative $97.27 $89.93 $121.38 $121.24
Total operating expenses $146.09 $141.72 $176.1 $169.14
Operating income -$5.71 -$2.97 -$24.51 -$39.7
Income from continuing operations
EBIT -$14.37 -$1.2 -$21.96 -$39.44
Income tax expense -$2.96 $0.02 $0.03 $0.03
Interest expense $20.75 $23.07 $23.52 $13.16
Net income
Net income -$32.17 -$24.3 -$45.52 -$52.63
Income (for common shares) -$38.57 -$27.96 -$45.52 -$52.63
(in millions $) 30 Sep 2022 30 Jun 2022 31 Mar 2022 31 Dec 2021
Net income -$6.99 -$12.16 -$2.28 $3
Operating activities
Depreciation $6.49 $6.72 $6.74 $6.61
Business acquisitions & disposals -$0.5 -$28.18
Stock-based compensation $4.22 $5.32 $1.19 $3.41
Total cash flows from operations $9.72 -$0.7 -$3 $6.21
Investing activities
Capital expenditures -$2.21 -$1.9 -$2.01 -$4.32
Investments $36.74 $47.82
Total cash flows from investing -$2.21 -$1.9 $34.23 $15.32
Financing activities
Dividends paid
Sale and purchase of stock $0.06 $0.09
Net borrowings -$3.22 -$1.45 -$2.81 -$1.6
Total cash flows from financing -$3.88 -$4.88 -$3.25 -$3.12
Effect of exchange rate
Change in cash and equivalents $3.63 -$7.47 $27.97 $18.41
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net income -$32.17 -$24.3 -$45.52 -$52.63
Operating activities
Depreciation $25.58 $25.01 $22.35 $15.81
Business acquisitions & disposals -$28.18 -$20.91
Stock-based compensation $13.9 $14.54 $19.57 $28.87
Total cash flows from operations $33.5 $27.65 -$18.38 $8.98
Investing activities
Capital expenditures -$11.78 -$13.09 -$13.25 -$8.29
Investments $57.05 -$95.13
Total cash flows from investing $17.09 -$108.21 -$34.16 -$8.29
Financing activities
Dividends paid -$3.66
Sale and purchase of stock $0.41 -$9.08 $0.45 $0.71
Net borrowings -$104.31 -$26.16 -$7.87 $173.21
Total cash flows from financing -$110.3 $40.29 -$7.42 $134.9
Effect of exchange rate
Change in cash and equivalents -$59.7 -$40.27 -$59.95 $135.59
Fundamentals
Market cap N/A
Enterprise value N/A
Shares outstanding 34.39M
Revenue N/A
EBITDA N/A
EBIT N/A
Net Income N/A
Revenue Q/Q -9.41%
Revenue Y/Y N/A
P/E ratio N/A
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio N/A
P/B ratio 0.00
Book/Share -3.03
Cash/Share 1.60
EPS N/A
ROA N/A
ROE N/A
Debt/Equity -3.38
Net debt/EBITDA N/A
Current ratio 1.42
Quick ratio 1.42