AVALARA, INC.

$ Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000156459022018342 Filed on May 06, 2022

Income Statement

Concept	2022 Q1	2021 Q1

Balance Sheet

Concept	2022 Q1	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.482B	$638.8M
YoY Change	131.97%	41.8%
Cash & Equivalents	$1.482B	$638.8M
Short-Term Investments
Other Short-Term Assets	$4.320M	$2.251M
YoY Change	91.91%	5.09%
Inventory
Prepaid Expenses		$24.53M
Receivables	$113.5M	$90.10M
Other Receivables	$1.579M	$900.0K
Total Short-Term Assets	$1.756B	$837.1M
YoY Change	109.72%	49.06%
LONG-TERM ASSETS
Property, Plant & Equipment	$92.59M	$36.35M
YoY Change	154.75%	6.32%
Goodwill	$671.4M	$520.1M
YoY Change	29.09%	414.79%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$64.30M	$83.50M
YoY Change	-23.0%	144.15%
Total Long-Term Assets	$918.1M	$764.8M
YoY Change	20.04%	213.06%
TOTAL ASSETS
Total Short-Term Assets	$1.756B	$837.1M
Total Long-Term Assets	$918.1M	$764.8M
Total Assets	$2.674B	$1.602B
YoY Change	66.91%	98.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$18.21M	$18.40M
YoY Change	-1.03%	20.26%
Accrued Expenses	$69.10M	$69.15M
YoY Change	-0.07%	53.03%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$558.1M	$389.5M
YoY Change	43.29%	45.44%
LONG-TERM LIABILITIES
Long-Term Debt	$962.1M	$0.00
YoY Change
Other Long-Term Liabilities	$111.8M	$129.8M
YoY Change	-13.84%	111.4%
Total Long-Term Liabilities	$1.074B	$129.8M
YoY Change	727.41%	111.4%
TOTAL LIABILITIES
Total Short-Term Liabilities	$558.1M	$389.5M
Total Long-Term Liabilities	$1.074B	$129.8M
Total Liabilities	$1.637B	$520.4M
YoY Change	214.65%	57.89%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.036B	$1.081B
YoY Change
Total Liabilities & Shareholders Equity	$2.674B	$1.602B
YoY Change	66.91%	98.77%

Cashflow Statement

Concept	2022 Q1	2021 Q1

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y3M18D
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y29D
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P5Y9M21D
CY2022Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	506000
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2357000
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-32557000
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-32557000
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-30068000
CY2022Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-1347000
CY2021Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-390000
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-33904000
CY2021Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-30458000
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-32557000
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-30068000
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	32650000
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	18857000
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	11132000
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	7071000
CY2022Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	885000
CY2021Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	0
CY2022Q1	us-gaap	Capitalized Computer Software Impairments1 CapitalizedComputerSoftwareImpairments1	0
CY2021Q1	us-gaap	Capitalized Computer Software Impairments1 CapitalizedComputerSoftwareImpairments1	345000
CY2022Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	225000
CY2021Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2028000
CY2022Q1	avlr	Non Cash Operating Lease Costs NonCashOperatingLeaseCosts	2523000
CY2021Q1	avlr	Non Cash Operating Lease Costs NonCashOperatingLeaseCosts	2175000
CY2022Q1	avlr	Fair Value Changes In Earnout Liabilities FairValueChangesInEarnoutLiabilities	-4001000
CY2021Q1	avlr	Fair Value Changes In Earnout Liabilities FairValueChangesInEarnoutLiabilities	1350000
CY2022Q1	avlr	Provision For Bad Debts Expense Recovery ProvisionForBadDebtsExpenseRecovery	521000
CY2021Q1	avlr	Provision For Bad Debts Expense Recovery ProvisionForBadDebtsExpenseRecovery	582000
CY2022Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	16000
CY2021Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	389000
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-326000
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	14695000
CY2022Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	9946000
CY2021Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	9186000
CY2022Q1	avlr	Increase Decrease In Deferred Commissions IncreaseDecreaseInDeferredCommissions	-2248000
CY2021Q1	avlr	Increase Decrease In Deferred Commissions IncreaseDecreaseInDeferredCommissions	-2360000
CY2022Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	123000
CY2021Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-541000
CY2022Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-42371000
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	2338000
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-1895000
CY2021Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-15634000
CY2022Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	20655000
CY2021Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	15841000
CY2022Q1	avlr	Increase Decrease In Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities	-3059000
CY2021Q1	avlr	Increase Decrease In Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities	-2810000
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-23066000
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-28247000
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2148000
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1366000
CY2022Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	5905000
CY2021Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	2311000
CY2022Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0
CY2021Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	2167000
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8053000
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5844000
CY2022Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2281000
CY2021Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	5529000
CY2022Q1	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	8006000
CY2021Q1	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	7088000
CY2022Q1	avlr	Payments For Acquisition Related Post Closing PaymentsForAcquisitionRelatedPostClosing	0
CY2021Q1	avlr	Payments For Acquisition Related Post Closing PaymentsForAcquisitionRelatedPostClosing	1971000
CY2022Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	10770000
CY2021Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	0
CY2022Q1	us-gaap	Payments Of Merger Related Costs Financing Activities PaymentsOfMergerRelatedCostsFinancingActivities	593000
CY2021Q1	us-gaap	Payments Of Merger Related Costs Financing Activities PaymentsOfMergerRelatedCostsFinancingActivities	690000
CY2022Q1	avlr	Payments On Financed Asset Purchases PaymentsOnFinancedAssetPurchases	61000
CY2021Q1	avlr	Payments On Financed Asset Purchases PaymentsOnFinancedAssetPurchases	0
CY2022Q1	avlr	Net Increase Decrease In Customer Fund Obligations NetIncreaseDecreaseInCustomerFundObligations	2066000
CY2021Q1	avlr	Net Increase Decrease In Customer Fund Obligations NetIncreaseDecreaseInCustomerFundObligations	3598000
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	929000
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	13554000
CY2022Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-160000
CY2021Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	6000
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-30350000
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-20531000
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1613903000
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	761844000
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1583553000
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	741313000
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1481853000
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	638794000
CY2022Q1	us-gaap	Restricted Cash RestrictedCash	37700000
CY2021Q1	us-gaap	Restricted Cash RestrictedCash	68886000
CY2022Q1	us-gaap	Restricted Cash Equivalents RestrictedCashEquivalents	64000000
CY2021Q1	us-gaap	Restricted Cash Equivalents RestrictedCashEquivalents	33633000
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1583553000
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	741313000
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	1140000
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	0
CY2022Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	4088000
CY2021Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	3493000
CY2021Q1	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	1802000
CY2021Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	153000
CY2022Q1	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	0
CY2022Q1	us-gaap	Noncash Or Part Noncash Acquisition Intangible Assets Acquired1 NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1	304000
CY2021Q1	us-gaap	Noncash Or Part Noncash Acquisition Intangible Assets Acquired1 NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1	178000
CY2022Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	491000
CY2021Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1263000
CY2022Q1	avlr	Capitalized Internally Developed Software Costs Included In Accounts Payable And Accrued Expenses CapitalizedInternallyDevelopedSoftwareCostsIncludedInAccountsPayableAndAccruedExpenses	482000
CY2021Q1	avlr	Capitalized Internally Developed Software Costs Included In Accounts Payable And Accrued Expenses CapitalizedInternallyDevelopedSoftwareCostsIncludedInAccountsPayableAndAccruedExpenses	0
CY2022Q1	avlr	Stock Based Compensation Costs Capitalized To Internally Developed Software StockBasedCompensationCostsCapitalizedToInternallyDevelopedSoftware	481000
CY2021Q1	avlr	Stock Based Compensation Costs Capitalized To Internally Developed Software StockBasedCompensationCostsCapitalizedToInternallyDevelopedSoftware	225000
CY2022Q1	avlr	Right Of Use Asset Obtained In Exchange For Operating Lease Liability Net Of Non Cash Modifications RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfNonCashModifications	1362000
CY2021Q1	avlr	Right Of Use Asset Obtained In Exchange For Operating Lease Liability Net Of Non Cash Modifications RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfNonCashModifications	43000
CY2022Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="margin-top:12pt;margin-bottom:0pt;text-indent:2.13%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="margin-top:12pt;margin-bottom:0pt;margin-left:2.13%;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain prior period amounts have been reclassified to conform to current period presentation.</p>
CY2022Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1
CY2022Q1	us-gaap	Use Of Estimates UseOfEstimates	<p style="margin-top:12pt;margin-bottom:0pt;text-indent:2.13%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:2.13%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant estimates and judgments related to revenue are described below in the Revenue Recognition Accounting Policy. Significant estimates impacting expenses include: expected credit losses associated with the allowance for doubtful accounts; the measurement of fair values of stock-based compensation award grants; the expected payout level of performance share unit grants; the expected earnout obligations in connection with acquisitions; the expected term of the customer relationship for capitalized contract cost amortization; the valuation and useful lives of acquired intangible assets; the valuation of the fair value of reporting units for analyzing goodwill; and the capitalization and useful life of capitalized software development costs. Actual results could materially differ from those estimates.</p>
CY2022Q1	us-gaap	Funds Held For Clients FundsHeldForClients	64359000
CY2021Q4	us-gaap	Funds Held For Clients FundsHeldForClients	62509000
CY2022Q1	avlr	Customer Fund Obligations CustomerFundObligations	66368000
CY2021Q4	avlr	Customer Fund Obligations CustomerFundObligations	64302000
CY2022Q1	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	1600000
CY2021Q4	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	1500000
CY2022Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
CY2021Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
CY2022Q1	us-gaap	Capitalized Computer Software Additions CapitalizedComputerSoftwareAdditions	5400000
CY2021Q1	us-gaap	Capitalized Computer Software Additions CapitalizedComputerSoftwareAdditions	2500000
CY2022Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0
CY2021Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0
CY2022Q1	avlr	Prepaid Employee Related Expenses PrepaidEmployeeRelatedExpenses	2755000
CY2022Q1	avlr	Earnout Liability Fair Value Disclosure EarnoutLiabilityFairValueDisclosure	96757000
CY2021Q4	avlr	Earnout Liability Fair Value Disclosure EarnoutLiabilityFairValueDisclosure	113978000
CY2021Q4	us-gaap	Prepaid Taxes PrepaidTaxes	3132000
CY2022Q1	avlr	Prepaid Licenses And Subscriptions PrepaidLicensesAndSubscriptions	18670000
CY2021Q4	avlr	Prepaid Licenses And Subscriptions PrepaidLicensesAndSubscriptions	14511000
CY2022Q1	us-gaap	Prepaid Taxes PrepaidTaxes	2444000
CY2021Q4	avlr	Prepaid Employee Related Expenses PrepaidEmployeeRelatedExpenses	2780000
CY2022Q1	avlr	Prepaid Cloud Computing Implementation Costs PrepaidCloudComputingImplementationCosts	2262000
CY2021Q4	avlr	Prepaid Cloud Computing Implementation Costs PrepaidCloudComputingImplementationCosts	1708000
CY2022Q1	us-gaap	Prepaid Insurance PrepaidInsurance	3960000
CY2022Q1	us-gaap	Other Assets Current OtherAssetsCurrent	4320000
CY2021Q4	us-gaap	Other Assets Current OtherAssetsCurrent	3390000
CY2022Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	39314000
CY2021Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	29267000
CY2021Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	40853000
CY2022Q1	avlr	Accrued Partner Commissions Current AccruedPartnerCommissionsCurrent	14133000
CY2021Q4	avlr	Accrued Partner Commissions Current AccruedPartnerCommissionsCurrent	13088000
CY2022Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	15127000
CY2021Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	10208000
CY2022Q1	avlr	Accrued Employee Stock Purchase Plan Contributions Current AccruedEmployeeStockPurchasePlanContributionsCurrent	3463000
CY2021Q4	avlr	Accrued Employee Stock Purchase Plan Contributions Current AccruedEmployeeStockPurchasePlanContributionsCurrent	7113000
CY2022Q1	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	5422000
CY2021Q4	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	7007000
CY2021Q4	avlr	Contract Liabilities Current ContractLiabilitiesCurrent	6918000
CY2022Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	3574000
CY2021Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	3926000
CY2022Q1	us-gaap	Self Insurance Reserve Current SelfInsuranceReserveCurrent	2471000
CY2021Q4	us-gaap	Self Insurance Reserve Current SelfInsuranceReserveCurrent	2401000
CY2022Q1	us-gaap	Interest Payable Current InterestPayableCurrent	414000
CY2021Q4	us-gaap	Interest Payable Current InterestPayableCurrent	944000
CY2022Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	12125000
CY2021Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	17334000
CY2022Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	69102000
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	109792000
CY2022Q1	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	204530000
CY2021Q1	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	163275000
CY2022Q1	avlr	Business Acquisitions Pro Forma Pre Tax BusinessAcquisitionsProFormaPreTax	-32272000
CY2021Q1	avlr	Business Acquisitions Pro Forma Pre Tax BusinessAcquisitionsProFormaPreTax	-27806000
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	204530000
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	153601000
CY2021Q4	avlr	Contract Liabilities Current ContractLiabilitiesCurrent	6918000
CY2020Q4	avlr	Contract Liabilities Current ContractLiabilitiesCurrent	10134000
CY2022Q1	avlr	Contract With Customer Liabilities Transferred To Deferred Revenue ContractWithCustomerLiabilitiesTransferredToDeferredRevenue	6622000
CY2021Q1	avlr	Contract With Customer Liabilities Transferred To Deferred Revenue ContractWithCustomerLiabilitiesTransferredToDeferredRevenue	3866000
CY2022Q1	avlr	Contract With Customer Liabilities Additions ContractWithCustomerLiabilitiesAdditions	601000
CY2021Q1	avlr	Contract With Customer Liabilities Additions ContractWithCustomerLiabilitiesAdditions	6198000
CY2022Q1	avlr	Contract Liabilities Current ContractLiabilitiesCurrent	897000
CY2021Q1	avlr	Contract Liabilities Current ContractLiabilitiesCurrent	12466000
CY2022Q1	us-gaap	Capitalized Contract Cost Amortization Period CapitalizedContractCostAmortizationPeriod	P6Y
CY2022Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P12M
CY2022Q1	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0
CY2021Q1	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0
CY2022Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	0
CY2021Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	0
CY2022Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	392900000
CY2022Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	377200000
CY2022Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	166583000
CY2022Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	76808000
CY2022Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	89775000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	69312000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	96818000
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7100000
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	4400000
CY2021Q4	us-gaap	Goodwill Goodwill	672381000
CY2022Q1	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-950000
CY2022Q1	us-gaap	Goodwill Goodwill	671431000
CY2022Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
CY2022Q1	us-gaap	Number Of Reporting Units NumberOfReportingUnits	3
CY2022Q1	us-gaap	Lease Cost LeaseCost	3800000
CY2021Q1	us-gaap	Lease Cost LeaseCost	3900000
CY2021Q1	us-gaap	Sublease Income SubleaseIncome	400000
CY2022Q1	us-gaap	Sublease Income SubleaseIncome	400000
CY2022Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1400000
CY2022Q1	avlr	Number Of Classes Of Stock NumberOfClassesOfStock	2
CY2022Q1	us-gaap	Capital Units Authorized CapitalUnitsAuthorized	620000000
CY2022Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	600000000
CY2022Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000
CY2022Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	1026454000
CY2022Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	2281000
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	33371000
CY2022Q1	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	8006000
CY2022Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-1347000
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-32557000
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	1036208000
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	1080160000
CY2021Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	5529000
CY2021Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	19127000
CY2021Q1	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	7088000
CY2021Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-390000
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-30068000
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	1081446000
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	33.52
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	217824000
CY2022Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	107623
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2278789
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	33371000
CY2021Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	19127000
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	600000
CY2021Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	200000
CY2022Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	21.20
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	4291
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	111.83
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2166875
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	33.98
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	141996000
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	1778867
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	28.90
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	125598000
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	7700000
CY2021Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	41900000
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-32557000
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	87463000
CY2022Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	87463000
CY2022Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.37
CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5736000

Files In Submission

Name	View Source	Status
0001564590-22-018342-index-headers.html	Edgar Link	pending
0001564590-22-018342-index.html	Edgar Link	pending
0001564590-22-018342.txt	Edgar Link	pending
0001564590-22-018342-xbrl.zip	Edgar Link	pending
avlr-10q_20220331.htm	Edgar Link	pending
avlr-10q_20220331_htm.xml	Edgar Link	completed
avlr-20220331.xsd	Edgar Link	pending
avlr-20220331_cal.xml	Edgar Link	unprocessable
avlr-20220331_def.xml	Edgar Link	unprocessable
avlr-20220331_lab.xml	Edgar Link	unprocessable
avlr-20220331_pre.xml	Edgar Link	unprocessable
avlr-ex103_42.htm	Edgar Link	pending
avlr-ex311_6.htm	Edgar Link	pending
avlr-ex312_8.htm	Edgar Link	pending
avlr-ex321_9.htm	Edgar Link	pending
avlr-ex322_7.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
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AVALARA, INC.

2022 Q1 Form 10-Q Financial Statement

#000156459022018342 Filed on May 06, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission