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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $275.00M | $368.20M | $382.20M | - | $386.70M | $394.50M | $387.20M | - | $378.00M | $361.30M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $338.70M | $307.50M | $301.20M | - | $318.50M | $317.50M | $307.00M | - | $295.30M | $291.70M |
| D&A | $44.10M | $82.10M | $82.60M | - | $93.50M | $92.50M | $91.50M | - | $93.60M | $90.40M |
| Operating Income | ($63.70M) | $60.70M | $81.00M | - | $68.20M | $77.00M | $80.20M | - | $82.70M | $69.60M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($11.20M) | $21.20M | $45.90M | - | $6.50M | $11.60M | ($1.10M) | - | $15.30M | $10.50M |
| Net Income | ($1.34B) | $55.30M | $141.80M | - | $30.00M | $40.30M | $364.60M | - | $53.40M | $39.70M |
| EPS - Basic | - | $0.36 | $0.92 | - | $0.19 | $0.26 | $2.36 | - | $0.34 | $0.26 |
| EPS - Diluted | - | $0.35 | $0.91 | - | $0.19 | $0.26 | $2.35 | - | $0.34 | $0.25 |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.50M | $15.90M | $14.80M | $12.20M | $16.10M | $38.00M | $27.60M | $77.10M | $78.10M | $88.70M |
| Accounts Receivable | $158.70M | $205.40M | $187.20M | $193.50M | $191.80M | $203.20M | $194.30M | $191.80M | $186.20M | $183.60M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $7.40M | $8.90M | $7.70M | $11.00M | $12.00M | $10.60M | $10.10M | $7.90M | $9.20M | $9.10M |
| Current Assets | $720.70M | $369.00M | $339.70M | $343.70M | $299.10M | $345.00M | $307.10M | $352.10M | $352.90M | $369.10M |
| Total Assets | $4.32B | $5.77B | $5.72B | $5.83B | $5.84B | $5.93B | $5.94B | $6.35B | $6.37B | $6.17B |
| Current Liabilities | $237.80M | $257.30M | $286.30M | $271.20M | $260.80M | $284.40M | $365.90M | $264.80M | $261.20M | $252.50M |
| Long-term Debt | $992.30M | $2.40B | $2.38B | $2.62B | $2.65B | $2.74B | $2.70B | $2.36B | $2.45B | $2.22B |
| Total Liabilities | $1.30B | $2.94B | $2.96B | $3.21B | $3.25B | $3.38B | $3.45B | $3.07B | $3.17B | $2.92B |
| Stockholders' Equity | $3.03B | $2.78B | $2.72B | $2.57B | $2.55B | $2.50B | $2.45B | $2.09B | $2.25B | $2.66B |
| Retained Earnings | $272.50M | $1.61B | $1.56B | $1.42B | $1.40B | $1.37B | $1.33B | $968.20M | $906.60M | $852.40M |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $44.50M | - | - | - | $85.10M | - | - | - |
| Investing Cash Flow | - | - | $199.20M | - | - | - | ($27.40M) | - | - | - |
| Financing Cash Flow | - | - | ($241.10M) | - | - | - | ($107.20M) | - | - | - |
| CapEx | - | - | $2.50M | - | - | - | $6.60M | - | - | - |
| Free Cash Flow | - | - | $42.00M | - | - | - | $78.50M | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -23.2% | 16.5% | 21.2% | - | 17.6% | 19.5% | 20.7% | - | 21.9% | 19.3% |
| EBITDA margin | -7.1% | 38.8% | 42.8% | - | 41.8% | 43.0% | 44.3% | - | 46.6% | 44.3% |
| Net margin | -486.1% | 15.0% | 37.1% | - | 7.8% | 10.2% | 94.2% | - | 14.1% | 11.0% |
| Free cash flow margin | - | - | 11.0% | - | - | - | 20.3% | - | - | - |
| FCF / Net income | - | - | 0.30 | - | - | - | 0.22 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | 27.7% | 24.5% | - | 17.8% | 22.4% | -0.3% | - | 22.3% | 20.9% |
| Return on assets | -30.9% | 1.0% | 2.5% | - | 0.5% | 0.7% | 6.1% | - | 0.8% | 0.6% |
| Return on equity | -44.2% | 2.0% | 5.2% | - | 1.2% | 1.6% | 14.9% | - | 2.4% | 1.5% |
| Return on invested capital | -1.3% | 0.8% | 1.2% | - | 1.1% | 1.1% | 1.6% | - | 1.4% | 1.1% |
| Liquidity | ||||||||||
| Current ratio | 3.03 | 1.43 | 1.19 | 1.27 | 1.15 | 1.21 | 0.84 | 1.33 | 1.35 | 1.46 |
| Quick ratio | 3.03 | 1.43 | 1.19 | 1.27 | 1.15 | 1.21 | 0.84 | 1.33 | 1.35 | 1.46 |
| Cash ratio | 0.02 | 0.06 | 0.05 | 0.04 | 0.06 | 0.13 | 0.08 | 0.29 | 0.30 | 0.35 |
| Leverage | ||||||||||
| Debt / Equity | 0.33 | 0.86 | 0.87 | 1.02 | 1.04 | 1.09 | 1.10 | 1.13 | 1.09 | 0.83 |
| Debt / Assets | 0.23 | 0.42 | 0.42 | 0.45 | 0.45 | 0.46 | 0.45 | 0.37 | 0.38 | 0.36 |
| Debt / EBITDA | - | 16.82 | 14.56 | - | 16.38 | 16.15 | 15.71 | - | 13.90 | 13.85 |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.43 | 2.07 | 2.10 | 2.27 | 2.29 | 2.37 | 2.42 | 3.04 | 2.83 | 2.31 |
| Liabilities / Assets | 0.30 | 0.51 | 0.52 | 0.55 | 0.56 | 0.57 | 0.58 | 0.48 | 0.50 | 0.47 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | 0.06 | 0.07 | - | 0.07 | 0.07 | 0.07 | - | 0.06 | 0.06 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 211d | 204d | 179d | - | 181d | 188d | 183d | - | 180d | 185d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -28.9% | -6.7% | -1.3% | - | 2.3% | 9.2% | 10.7% | - | 20.9% | 23.3% |
| Revenue CAGR (3y) | -4.2% | 7.9% | 9.6% | - | 8.9% | 12.6% | 11.0% | - | 10.3% | 9.3% |
| Revenue CAGR (5y) | -0.5% | 5.9% | 7.2% | - | 7.9% | 8.5% | 8.4% | - | 7.2% | 7.2% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | -21.2% | 1.0% | - | -17.5% | 10.6% | 18.3% | - | 39.0% | -9.0% |
| Net income growth (YoY) | - | 37.2% | -61.1% | - | -43.8% | 1.5% | 573.9% | - | -58.2% | 1.5% |
| EPS growth (YoY) | - | 34.6% | -61.3% | - | -44.1% | 4.0% | 571.4% | - | -58.5% | -3.8% |
| EPS CAGR (3y) | - | 10.4% | 38.8% | - | -8.7% | 7.4% | 105.7% | - | 5.4% | -2.5% |
| EPS CAGR (5y) | - | 5.3% | 25.7% | - | -2.0% | - | - | - | - | - |
| FCF growth (YoY) | - | - | -46.5% | - | - | - | 8.7% | - | - | - |
| FCF CAGR (5y) | - | - | -13.9% | - | - | - | 11.7% | - | - | - |
| Book value growth (YoY) | 18.7% | 11.3% | 11.1% | 23.1% | 13.1% | -6.2% | -6.3% | -20.4% | -12.8% | 8.6% |
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%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Black Knight against the 5 most active filers in the same SIC group.