Fitbit, Inc. (FIT) financial statements (2019 and earlier)

Company profile

Business Address 199 FREMONT STREET
SAN FRANCISCO, CA 94105
State of Incorp.
Fiscal Year End December 31
SIC 3571 - Electronic Computers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

3/31/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments644723679706664
Cash and cash equivalents411474342301536
Short-term investments233249337405129
Receivables251414406478469
Inventory, net of allowances, customer advances and progress billings174125124230178
Inventory174125124230178
Prepaid expense148242322
Derivative instruments and hedges, assets01 116
Other undisclosed current assets19401513316
Total current assets:1,1031,3121,3841,4811,355
Noncurrent Assets
Property, plant and equipment951061057745
Intangible assets, net (including goodwill)8385737934
Goodwill6161515122
Intangible assets, net (excluding goodwill)2224222812
Other noncurrent assets10815102
Deferred tax assets, net44417483
Other undisclosed noncurrent assets99    
Total noncurrent assets:292204198340164
TOTAL ASSETS:1,3941,5161,5821,8201,519
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities531690666712459
Accounts payable166252213314261
Accrued liabilities364437452391195
Taxes payable11183
Deferred revenue and credits365044
Contract with customer, liability 29
Other undisclosed current liabilities59   5
Total current liabilities:590719701762508
Noncurrent Liabilities
Liabilities, other than long-term debt2960576029
Deferred revenue and credits7  
Contract with customer, liability 7
Other liabilities2953506029
Other undisclosed noncurrent liabilities104    
Total noncurrent liabilities:13360576029
Total liabilities:723780758822538
Stockholders' equity
Stockholders' equity attributable to parent, including:672736824999981
Common stock0    
Additional paid in capital1,0701,055956859738
Accumulated other comprehensive income (loss)0(0)(0)(1)1
Retained earnings (accumulated deficit)(399)(319)(132)140243
Other undisclosed stockholders' equity attributable to parent 0000
Total stockholders' equity:672736824999981
TOTAL LIABILITIES AND EQUITY:1,3941,5161,5821,8201,519

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

3/31/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,5361,5121,6162,1691,858
Cost of revenue(957)(908)(925)(1,324)(957)
Gross profit:579604691846901
Operating expenses(768)(793)(892)(958)(553)
Operating income (loss):(189)(189)(201)(112)348
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2)(3)30(59)
Interest and debt expense (1)(1)(1)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)    
Income (loss) from continuing operations before equity method investments, income taxes:(191)(193)(199)(113)288
Other undisclosed income (loss) from continuing operations before income taxes11854(0)
Income (loss) from continuing operations before income taxes:(181)(184)(195)(109)288
Income tax expense (benefit)(4)(2)(83)7(112)
Net income (loss) attributable to parent:(184)(186)(277)(103)176
Preferred stock dividends and other adjustments    (3)
Net income (loss) available to common stockholders, diluted:(184)(186)(277)(103)173

Comprehensive Income ($ in millions)

3/31/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(184)(186)(277)(103)176
Comprehensive income (loss):(184)(186)(277)(103)176
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)1(2)1
Comprehensive income (loss), net of tax, attributable to parent:(185)(186)(276)(104)176

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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