BKI · Black Knight, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.48B | $1.24B | $1.18B | $1.03B | $1.05B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $1.27B | $1.17B | $971.70M | $887.60M | $849.00M | $789.10M |
| D&A | $369.60M | $365.00M | $270.70M | $236.20M | $217.00M | $206.50M |
| Operating Income | $278.20M | $303.00M | $266.80M | $289.60M | $265.00M | $262.50M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $22.40M | $35.70M | $41.60M | $41.90M | $37.70M | ($61.80M) |
| Net Income | $452.50M | $207.90M | $264.10M | $108.80M | $168.50M | $20.00M |
| EPS - Basic | $2.93 | $1.34 | $1.74 | $0.74 | $0.69 | - |
| EPS - Diluted | $2.91 | $1.33 | $1.73 | $0.73 | $0.67 | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $12.20M | $77.10M | $34.70M | $133.90M | $20.30M | $14.40M |
| Accounts Receivable | $193.50M | $191.80M | $182.20M | $195.60M | $172.30M | $201.80M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $11.00M | $7.90M | $13.00M | - | - | - |
| Current Assets | $343.70M | $352.10M | $287.30M | $255.50M | $266.10M | $280.70M |
| Total Assets | $5.83B | $6.35B | $6.09B | $3.68B | $3.65B | $3.66B |
| Current Liabilities | $271.20M | $264.80M | $291.30M | $260.80M | $239.00M | $231.60M |
| Long-term Debt | $2.62B | $2.36B | $2.12B | $1.47B | $1.28B | $1.38B |
| Total Liabilities | $3.21B | $3.07B | $2.88B | $1.96B | $1.87B | $1.95B |
| Stockholders' Equity | $2.57B | $2.09B | $2.63B | $1.72B | $1.79B | $1.71B |
| Retained Earnings | $1.42B | $968.20M | $757.40M | $212.60M | $381.10M | $201.40M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $251.70M | $449.90M | $415.40M | $378.30M | $435.50M | $351.10M |
| Investing Cash Flow | ($124.30M) | ($429.80M) | ($2.09B) | ($551.00M) | ($144.10M) | ($84.70M) |
| Financing Cash Flow | ($192.30M) | $22.30M | $1.69B | $167.80M | ($287.30M) | ($384.10M) |
| CapEx | $27.20M | $28.50M | $23.90M | $22.40M | $30.00M | $27.40M |
| Free Cash Flow | $224.50M | $421.40M | $391.50M | $355.90M | $405.50M | $323.70M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 17.9% | 20.5% | 21.5% | 24.6% | 25.8% | 25.0% |
| EBITDA margin | 41.7% | 45.3% | 43.4% | 44.7% | 47.0% | 44.6% |
| Net margin | 29.2% | 14.1% | 21.3% | 9.2% | 16.4% | 1.9% |
| Free cash flow margin | 14.5% | 28.6% | 31.6% | 30.2% | 39.5% | 30.8% |
| FCF / Net income | 0.50 | 2.03 | 1.48 | 3.27 | 2.41 | 16.18 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 4.7% | 14.7% | 13.6% | 27.8% | 18.3% | - |
| Return on assets | 7.8% | 3.3% | 4.3% | 3.0% | 4.6% | 0.5% |
| Return on equity | 17.6% | 9.9% | 10.1% | 6.3% | 9.4% | 1.2% |
| Return on invested capital | 5.1% | 5.8% | 4.9% | 6.6% | 7.1% | 6.7% |
| Liquidity | ||||||
| Current ratio | 1.27 | 1.33 | 0.99 | 0.98 | 1.11 | 1.21 |
| Quick ratio | 1.27 | 1.33 | 0.99 | 0.98 | 1.11 | 1.21 |
| Cash ratio | 0.04 | 0.29 | 0.12 | 0.51 | 0.08 | 0.06 |
| Leverage | ||||||
| Debt / Equity | 1.02 | 1.13 | 0.81 | 0.85 | 0.72 | 0.81 |
| Debt / Assets | 0.45 | 0.37 | 0.35 | 0.40 | 0.35 | 0.38 |
| Debt / EBITDA | 4.05 | 3.54 | 3.95 | 2.79 | 2.66 | 2.94 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.27 | 3.04 | 2.32 | 2.14 | 2.05 | 2.14 |
| Liabilities / Assets | 0.55 | 0.48 | 0.47 | 0.53 | 0.51 | 0.53 |
| Efficiency | ||||||
| Asset turnover | 0.27 | 0.23 | 0.20 | 0.32 | 0.28 | 0.29 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 46d | 47d | 54d | 61d | 61d | 70d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 5.2% | 19.1% | 5.2% | 14.7% | -2.4% | 2.5% |
| Revenue CAGR (3y) | 9.6% | 12.9% | 5.6% | 4.7% | 6.4% | - |
| Revenue CAGR (5y) | 8.1% | 7.5% | 7.8% | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -8.2% | 13.6% | -7.9% | 9.3% | 1.0% | 12.8% |
| Net income growth (YoY) | 117.7% | -21.3% | 142.7% | -35.4% | 742.5% | -56.3% |
| EPS growth (YoY) | 118.8% | -23.1% | 137.0% | 9.0% | - | - |
| EPS CAGR (3y) | 58.6% | 25.7% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -46.7% | 7.6% | 10.0% | -12.2% | 25.3% | 12.6% |
| FCF CAGR (5y) | -7.1% | 7.9% | - | - | - | - |
| Book value growth (YoY) | 23.1% | -20.4% | 52.8% | -3.7% | 4.5% | 95.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-12-31.
Business segments
$1.55B totalSoftware Solutions$1.33B · 86.0%
Data And Analytics Segment$218.00M · 14.0%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
0.97
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Black Knight against the 5 most active filers in the same SIC group.