Question: Analyzing the highlighted sections in the graphics below perform a financial analysis using horizontal/vertical/trend analysis and impact of seasonality? Consolidated Balance Sheets - USD ($)

Analyzing the highlighted sections in the graphics below perform a financial analysis using horizontal/vertical/trend analysis and impact of seasonality?

Consolidated Balance Sheets - USD ($) $ in Thousands Dec. 31, 2021 Dec. 31, 2020 31-Dec-21 31-Dec-20
CURRENT ASSETS:
Cash and cash equivalents $ 455,397 $ 93,641 57% 26%
Accounts receivable, net of allowances 192,814 165,449 24% 46%
Prepaid expenses and other current assets 27,873 18,326 4% 5%
Total current assets 676,084 277,416 85% 78%
Property, equipment and capitalized software, net 28,008 24,756 4% 7%
Intangible assets, net 5,719 9,812 1% 3%
Goodwill 32,881 32,881 4% 9%
Deferred tax assets 32,867 2,802 4% 1%
Other assets 20,331 8,819 3% 2%
TOTAL ASSETS 795,890 356,486 100% 100%
CURRENT LIABILITIES:
Accounts payable 160,790 118,491 20% 33%
Accrued compensation and benefits 23,331 23,000 3% 6%
Accrued and other current liabilities 99,590 109,747 13% 31%
Deferred revenue 4,784 5,512 1% 2%
Total current liabilities 288,495 256,750 36% 72%
Long-term debt 236,000 0 30% 0%
Other liabilities 14,620 17,105 2% 5%
TOTAL LIABILITIES 539,115 273,855 68% 77%

Consolidated Statements of Operations - USD ($) $ in Thousands 12 Months Ended
Dec. 31, 2021 Dec. 31, 2020 Dec. 31, 2019 Dec 31 2021 Dec 31 2020 Dec 31 2019
Income Statement [Abstract]
Revenue $ 1,015,630 $ 767,142 $ 687,333 100% 100% 100%
Traffic acquisition costs 743,579 572,802 517,000 73% 75% 75%
Other cost of revenue 31,791 29,278 28,548 3% 4% 4%
Total cost of revenue 775,370 602,080 545,548 76% 78% 79%
Gross profit 240,260 165,062 141,785 24% 22% 21%
Operating expenses:
Research and development 39,169 28,961 26,391 4% 4% 4%
Sales and marketing 95,786 77,570 78,941 9% 10% 11%
General and administrative 70,749 48,354 51,038 7% 6% 7%
Total operating expenses 205,704 154,885 156,370 20% 20% 23%
Income (loss) from operations 34,556 10,177 (14,585) 3% 1% -2%
Other expense, net:
Charges related to exchange of senior notes upon IPO (42,049) 0 0 -4% 0% 0%
Interest expense (3,964) (832) (601) 0% 0% 0%
Interest income and other (expense) income, net (3,078) (1,695) 152 0% 0% 0%
Total other expense, net (49,091) (2,527) (449) -5% 0% 0%
(Loss) income before provision for income taxes (14,535) 7,650 (15,034) -1% 1% -2%
(Benefit) provision for income taxes (25,530) 3,293 5,480 -3% 0% 1%
Net income (loss) $ 10,995 $ 4,357 $ (20,514) 1% 1% -3%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!