Upwork Inc. (UPWK)

Upwork Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	288.46	79.64	129.38	187.21	94.08	48.39
Short-Term Investments	312.72	470.46	557.23	497.57	75.57	85.48
Cash & Short-Term Investments	601.18	550.1	686.61	684.77	169.65	133.87
Cash Growth	8.27%	-19.88%	0.27%	303.64%	26.73%	3.67%
Receivables	69.45	103.06	64.89	66.83	47.02	30.16
Prepaid Expenses	19.36	14.23	14.35	14.04	6.79	6.19
Restricted Cash	-	3.6	3.6	3.2	2.3	1.7
Other Current Assets	214.3	212.39	161.46	160.81	135.04	108.72
Total Current Assets	904.29	883.37	930.91	929.65	360.8	280.64
Property, Plant & Equipment	36.32	31.47	29.67	32.01	47.87	43.36
Goodwill	118.22	118.22	118.22	118.22	118.22	118.22
Other Intangible Assets	1.86	3.05	-	-	0.67	3.34
Other Long-Term Assets	1.97	1.43	1.45	1.18	1.67	0.83
Total Assets	1,063	1,038	1,080	1,081	529.23	446.38
Accounts Payable	5.6	5.06	7.55	5	6.46	0.65
Accrued Expenses	52.32	51.39	44.98	38.41	28.94	14.68
Current Portion of Long-Term Debt	-	-	-	-	7.58	7.58
Current Portion of Leases	2.78	5.69	6.5	6.32	3.73	3.21
Current Unearned Revenue	8.78	17.36	25.08	22.08	16.8	13.8
Other Current Liabilities	214.97	213.5	163.59	161.83	135.24	109.17
Total Current Liabilities	284.44	293	247.69	233.63	198.75	149.1
Long-Term Debt	357.47	356.09	564.26	561.3	3.14	10.7
Long-Term Leases	9.22	6.09	11.18	16.75	20.51	21.19
Long-Term Unearned Revenue	-	0.79	7.61	6.35	4.18	3.15
Other Long-Term Liabilities	0.36	0.5	0.62	3.51	3.35	2.82
Total Liabilities	651.49	656.47	831.37	821.54	229.92	186.96
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	635.58	674.92	592.9	511.1	494.12	431.37
Retained Earnings	-225.64	-294.06	-340.95	-251.06	-194.82	-171.96
Comprehensive Income & Other	1.22	0.21	-3.09	-0.53	-	-
Total Common Equity	411.17	381.08	248.88	259.52	299.31	259.42
Shareholders' Equity	411.17	381.08	248.88	259.52	299.31	259.42
Total Liabilities & Equity	1,063	1,038	1,080	1,081	529.23	446.38
Total Debt	369.46	367.86	581.94	584.37	34.95	42.68
Net Cash (Debt)	231.72	182.24	104.67	100.4	134.7	91.19
Net Cash Growth	24.37%	74.10%	4.25%	-25.46%	47.71%	-13.33%
Net Cash Per Share	1.64	1.33	0.80	0.79	1.13	0.83
Filing Date Shares Outstanding	133.67	137.39	132.48	129.22	124.96	113.93
Total Common Shares Outstanding	133.5	137.27	132.37	129.13	124.8	113.6
Working Capital	619.85	590.37	683.21	696.02	162.05	131.54
Book Value Per Share	3.08	2.78	1.88	2.01	2.40	2.28
Tangible Book Value	291.09	259.81	130.66	141.3	180.42	137.87
Tangible Book Value Per Share	2.18	1.89	0.99	1.09	1.45	1.21
Machinery	11.03	9.35	9.99	8.86	8.17	6.07
Leasehold Improvements	12.1	11.64	11.64	11.64	14.61	10.58

Source: S&P Capital IQ. Standard template. Financial Sources.