DZS Inc. (DZSI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5700 TENNYSON PARKWAY PLANO, TX 75024 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3661 - Telephone and Telegraph Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 34,347 | 46,666 | 45,219 | 28,747 | 27,709 | 17,475 | |||
| Cash and cash equivalents | 34,347 | 46,666 | 45,219 | 28,747 | 27,709 | 17,475 | |||
| Restricted cash and investments | 3,969 | 6,808 | 9,200 | 4,646 | 7,003 | 12,425 | |||
| Receivables | 16,144 | 10,621 | 9,165 | 7,731 | 71,617 | 74,413 | |||
| Inventory, net of allowances, customer advances and progress billings | 78,513 | 56,893 | 39,572 | 35,439 | 33,868 | 25,344 | |||
| Inventory | 78,513 | 56,893 | 39,572 | 35,439 | 33,868 | 25,344 | |||
| Contract with customer, asset, after allowance for credit loss | 576 | 2,184 | 6,182 | 16,680 | 11,381 | ✕ | |||
| Other undisclosed current assets | 162,151 | 91,804 | 102,585 | 101,443 | 17,173 | 3,652 | |||
| Total current assets: | 295,700 | 214,976 | 211,923 | 194,686 | 168,751 | 133,309 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 12,606 | 12,640 | 18,483 | 20,469 | ✕ | ✕ | |||
| Property, plant and equipment | 9,478 | 9,842 | 7,146 | 6,769 | 5,518 | 5,873 | |||
| Intangible assets, net (including goodwill), including: | 51,694 | 11,260 | 7,354 | 12,381 | 5,649 | 6,785 | |||
| Goodwill | 19,952 | 6,145 | 3,977 | 3,977 | 3,977 | 3,977 | |||
| Intangible assets, net (excluding goodwill) | 31,742 | 5,115 | 3,377 | 12,381 | 5,649 | 6,785 | |||
| Other undisclosed intangible assets, net (including goodwill) | (3,977) | (3,977) | (3,977) | ||||||
| Contract with customer, asset, after allowance for credit loss | 794 | ✕ | |||||||
| Restricted cash and investments | 242 | 936 | 1,512 | ||||||
| Deferred income tax assets | 1,405 | ✕ | ✕ | ||||||
| Other noncurrent assets | 15,536 | 8,950 | 5,919 | 6,001 | 2,424 | 4,717 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 2,752 | 2,954 | ||
| Other undisclosed noncurrent assets | 5,599 | 3,183 | 3,977 | ||||||
| Total noncurrent assets: | 89,314 | 42,692 | 40,307 | 51,461 | 21,256 | 25,818 | |||
| TOTAL ASSETS: | 385,014 | 257,668 | 252,230 | 246,147 | 190,007 | 159,127 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 143,238 | 78,309 | 64,435 | 49,564 | 47,063 | 41,684 | |||
| Taxes payable | ✕ | ✕ | 2,306 | 4,736 | |||||
| Employee-related liabilities | ✕ | ✕ | 7,230 | 5,692 | 1,618 | 2,461 | 1,905 | ||
| Accounts payable | 121,225 | 64,258 | 49,250 | 38,331 | 36,865 | 31,441 | |||
| Accrued liabilities | 22,013 | 4,515 | 4,757 | 9,615 | 7,737 | 8,338 | |||
| Deferred revenue | 21,777 | 6,091 | 4,400 | 3,567 | ✕ | ✕ | |||
| Debt | 24,073 | 4,201 | 14,142 | 19,790 | |||||
| Other liabilities | 1,748 | 1,792 | 2,032 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,279 | ||
| Due to related parties | 1,626 | 3,024 | 1,956 | ||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 8,511 | ✕ | ||
| Other undisclosed current liabilities | 20,086 | 6,078 | 19,803 | 19,095 | 18,939 | 2,282 | |||
| Total current liabilities: | 209,174 | 90,478 | 88,638 | 79,801 | 93,471 | 71,023 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 12,103 | 15,959 | 18,154 | 2,987 | |||||
| Long-term debt, excluding current maturities | 2,987 | ||||||||
| Liabilities, other than long-term debt | 33,108 | 23,180 | 24,300 | 22,611 | 4,540 | 4,550 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,883 | ||
| Deferred revenue | 7,864 | 3,044 | 2,471 | 3,230 | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 1,801 | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 11,021 | 16,527 | 20,052 | 17,671 | |||||
| Other liabilities | 2,806 | 3,609 | 1,777 | 1,710 | 2,739 | 2,667 | |||
| Operating lease, liability | 11,417 | 12,103 | 15,959 | 18,154 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 29,754 | 19,033 | 14,142 | 6,800 | |||||
| Total noncurrent liabilities: | 33,108 | 35,283 | 70,013 | 59,798 | 18,682 | 14,337 | |||
| Total liabilities: | 242,282 | 125,761 | 158,651 | 139,599 | 112,153 | 85,360 | |||
| Equity | |||||||||
| Equity, attributable to parent | 142,732 | 131,907 | 93,579 | 106,548 | 77,239 | 73,233 | |||
| Common stock | 30 | 27 | 22 | 21 | 16 | 16 | |||
| Additional paid in capital | 271,884 | 223,336 | 147,997 | 139,700 | 93,192 | 90,198 | |||
| Accumulated other comprehensive income (loss) | (4,351) | (4,457) | (2,124) | (3,939) | (192) | 1,871 | |||
| Accumulated deficit | (124,831) | (86,999) | (52,316) | (29,234) | (15,777) | (18,852) | |||
| Equity, attributable to noncontrolling interest | 615 | 534 | |||||||
| Total equity: | 142,732 | 131,907 | 93,579 | 106,548 | 77,854 | 73,767 | |||
| TOTAL LIABILITIES AND EQUITY: | 385,014 | 257,668 | 252,230 | 246,147 | 190,007 | 159,127 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 375,691 | 350,206 | 300,640 | 306,882 | 282,348 | 247,114 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 247,114 | |
| Cost of revenue | (257,335) | (229,938) | (203,761) | (206,771) | (191,017) | (165,745) | ||
| Gross profit: | 118,356 | 120,268 | 96,879 | 100,111 | 91,331 | 81,369 | ||
| Operating expenses | (150,509) | (152,520) | (109,404) | (107,140) | (84,151) | (80,647) | ||
| Operating income (loss): | (32,153) | (32,252) | (12,525) | (7,029) | 7,180 | 722 | ||
| Nonoperating income (expense) | (1,837) | 1,127 | (3,652) | 1,332 | (882) | (602) | ||
| Investment income, nonoperating | 107 | 77 | 456 | 264 | 129 | |||
| Other nonoperating income (expense) | (1,837) | 1,020 | (3,729) | 876 | (1,146) | (731) | ||
| Interest and debt expense | (100) | (100) | (1,369) | (664) | (400) | (300) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (719) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (34,090) | (31,225) | (17,546) | (6,361) | 5,898 | (899) | ||
| Other undisclosed loss from continuing operations before income taxes | (1,342) | (245) | (2,035) | (3,317) | (1,338) | |||
| Income (loss) from continuing operations before income taxes: | (35,432) | (31,470) | (19,581) | (9,678) | 4,560 | (899) | ||
| Income tax expense (benefit) | (1,999) | (3,213) | (3,501) | (3,585) | (1,724) | 2,072 | ||
| Income (loss) from continuing operations: | (37,431) | (34,683) | (23,082) | (13,263) | 2,836 | 1,173 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (34,683) | (23,082) | (13,263) | 2,836 | 1,173 | ||
| Net income (loss): | (37,431) | (34,683) | (23,082) | (13,263) | 2,836 | 1,173 | ||
| Net loss attributable to noncontrolling interest | (194) | (69) | (102) | |||||
| Net income (loss) available to common stockholders, diluted: | (37,431) | (34,683) | (23,082) | (13,457) | 2,767 | 1,071 | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (37,431) | (34,683) | (23,082) | (13,263) | 2,836 | 1,173 | ||
| Other comprehensive loss | (1,681) | |||||||
| Other undisclosed comprehensive income (loss) | (2,333) | 3,496 | (3,732) | (2,051) | 4,584 | |||
| Comprehensive income (loss): | (37,431) | (37,016) | (21,267) | (16,995) | 785 | 5,757 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (209) | (81) | (118) | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 106 | 236 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (37,325) | (37,016) | (21,267) | (17,204) | 704 | 5,875 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.