CONVERGEONE HOLDINGS, INC. (CVON) financial statements (2021 and earlier)

Company profile

Business Address 3344 HIGHWAY 149
EAGAN, MN 55121
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1118120000
Cash and cash equivalents1118120000
Receivables414378342    
Inventory, net of allowances, customer advances and progress billings352521    
Inventory352521    
Prepaid expense   000 
Deferred costs424445   0
Other undisclosed current assets151516    
Total current assets:5174804360010
Noncurrent Assets
Nontrade receivables113    
Property, plant and equipment363736    
Long-term investments and receivables   175175175 
Long-term investments   175175175 
Intangible assets, net (including goodwill)507498507    
Goodwill343331333    
Intangible assets, net (excluding goodwill)164167174    
Deferred costs735    
Total noncurrent assets:550539550175175175 
TOTAL ASSETS:1,0671,0199861761751750
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2882502400000
Accounts payable216190181   0
Accrued liabilities343840    
Employee-related liabilities382219    
Taxes payable   000 
Other undisclosed accounts payable and accrued liabilities   (0)(0)(0) 
Debt776    
Due to related parties   0000
Deferred revenue and credits94    
Customer advances and deposits27    
Other undisclosed current liabilities20817866    
Total current liabilities:5034354330000
Noncurrent Liabilities
Long-term debt and lease obligation702693635    
Long-term debt, excluding current maturities702693635    
Liabilities, other than long-term debt4527    
Deferred revenue and credits15    
Accounts payable and accrued liabilities 01    
Deferred tax liabilities, net4511    
Other undisclosed noncurrent liabilities1514     
Total noncurrent liabilities:721712663    
Other undisclosed liabilities   000 
Total liabilities:1,2241,1471,0960000
Temporary equity, carrying amount   170170170 
Stockholders' equity
Stockholders' equity attributable to parent, including:(157)(128)(110)5550
Common stock000    
Treasury stock, value(10)      
Additional paid in capital7949615550
Retained earnings (accumulated deficit)(225)(177)(171)000(0)
Other undisclosed stockholders' equity attributable to parent   0000
Total stockholders' equity:(157)(128)(110)5550
TOTAL LIABILITIES AND EQUITY:1,0671,0199861761751750

Income statement (P&L) ($ in millions)

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
Revenues405391306    
Revenue, net306    
Cost of revenue(286)(277)(218)    
Cost of goods and services sold  (218)    
Gross profit:11811488    
Operating expenses(98)(97)(92)(0)(0)(0)(0)
Operating income (loss):2017(4)(0)(0)(0)(0)
Nonoperating income (expense)(11)(32)5000 
Investment income, nonoperating0016 0  
Other nonoperating income (expense)0(0)(0)  0 
Interest and debt expense(12)(27)(11)    
Income (loss) from continuing operations before equity method investments, income taxes:(3)(41)(10)000(0)
Other undisclosed income from continuing operations before income taxes122711    
Income (loss) from continuing operations before income taxes:9(14)1000(0)
Income tax expense (benefit)678(0)(0)(0) 
Net income (loss) attributable to parent:14(7)9(0)00(0)
Preferred stock dividends and other adjustments   (0)(0)  
Other undisclosed net income (loss) available to common stockholders, basic(63)1(125)    
Net income (loss) available to common stockholders, diluted:(49)(6)(117)(0)(0)0(0)

Comprehensive Income ($ in millions)

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
Net income (loss):14(7)9(0)00(0)
Comprehensive income (loss), net of tax, attributable to parent:14(7)9(0)00(0)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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