Fitbit, Inc. (FIT) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments502723679706664
Cash and cash equivalents287474342301536
Short-term investments215249337405129
Receivables346414406478469
Inventory, net of allowances, customer advances and progress billings245125124230178
Inventory245125124230178
Prepaid expense68242322
Derivative instruments and hedges, assets11 116
Other undisclosed current assets27401513316
Total current assets:1,1271,3121,3841,4811,355
Noncurrent Assets
Operating lease, right-of-use asset72
Property, plant and equipment881061057745
Intangible assets, net (including goodwill)7885737934
Goodwill6161515122
Intangible assets, net (excluding goodwill)1824222812
Deferred income tax assets4
Other noncurrent assets7815102
Deferred tax assets, net4417483
Total noncurrent assets:249204198340164
TOTAL ASSETS:1,3771,5161,5821,8201,519
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities630690666712459
Accounts payable263252213314261
Accrued liabilities366437452391195
Taxes payable11183
Deferred revenue28
Debt23    
Deferred revenue and credits365044
Contract with customer, liability29
Other undisclosed current liabilities    5
Total current liabilities:681719701762508
Noncurrent Liabilities
Long-term debt and lease obligation70    
Operating lease, liability70
Liabilities, other than long-term debt3660576029
Deferred revenue and credits7  
Deferred revenue6
Contract with customer, liability7
Other liabilities3053506029
Total noncurrent liabilities:10660576029
Total liabilities:788780758822538
Stockholders' equity
Stockholders' equity attributable to parent, including:589736824999981
Common stock0    
Additional paid in capital1,1081,055956859738
Accumulated other comprehensive income (loss)0(0)(0)(1)1
Retained earnings (accumulated deficit)(519)(319)(132)140243
Other undisclosed stockholders' equity attributable to parent 0000
Total stockholders' equity:589736824999981
TOTAL LIABILITIES AND EQUITY:1,3771,5161,5821,8201,519

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,5041,5121,6162,1691,858
Cost of revenue(981)(908)(925)(1,324)(957)
Gross profit:523604691846901
Operating expenses(717)(793)(892)(958)(553)
Operating income (loss):(195)(189)(201)(112)348
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1(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:(194)(193)(199)(113)288
Other undisclosed income (loss) from continuing operations before income taxes11854(0)
Income (loss) from continuing operations before income taxes:(183)(184)(195)(109)288
Income tax expense (benefit)(1)(2)(83)7(112)
Net income (loss) attributable to parent:(185)(186)(277)(103)176
Preferred stock dividends and other adjustments    (3)
Net income (loss) available to common stockholders, diluted:(185)(186)(277)(103)173

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(185)(186)(277)(103)176
Comprehensive income (loss):(185)(186)(277)(103)176
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)(0)1(2)1
Comprehensive income (loss), net of tax, attributable to parent:(188)(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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