Fusion Connect, Inc. (FSNN) Financial Statements (2024 and earlier)

Company Profile

Business Address 420 LEXINGTON AVENUE
NEW YORK, NY 10170
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2018
MRQ
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,5307,2227,5416,4456,177543
Cash and cash equivalents 2,5307,2227,5416,4456,177543
Restricted cash and investments 27271651,164  
Receivables (700)(427)(309)(254)(381)(514)
Prepaid expense 2,1821,4011,9239802,769
Intangible current assets 5583 1,997
Prepaid expense and other current assets309
Other undisclosed current assets 13,4909,4367,4904,1286,1464,472
Total current assets: 17,58517,74216,80914,46014,7104,810
Noncurrent Assets
Property, plant and equipment 12,857  13,47911,1932,407
Intangible assets, net (including goodwill) 90,930100,27072,88542,83040,17317,802
Goodwill 34,77436,65227,06010,3975,1242,406
Intangible assets, net (excluding goodwill) 56,15663,61745,82432,43235,04915,396
Other undisclosed noncurrent assets 6877352,003(10,500)(8,319)(358)
Total noncurrent assets: 104,473101,00474,88745,80943,04819,851
Other undisclosed assets  14,24914,05513,47911,1932,407
TOTAL ASSETS: 122,058132,995105,75273,74768,95127,068
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 25,08919,72313,12910,47211,16210,579
Interest and dividends payable 74813233  
Taxes payable 4,2563,2652,7381,462  
Employee-related liabilities 422422555251103 
Accounts payable 9,3375,4971,1013,029  
Accrued liabilities 3,0192,7551,9103,2693,101 
Other undisclosed accounts payable and accrued liabilities 8,0477,3026,7922,4287,95810,579
Debt 6,5002,9796861,225625208
Disposal group, including discontinued operation     5555
Deferred revenue and credits   730407 
Due to related parties   300   
Other liabilities 228622    
Other undisclosed current liabilities 1,2071,003959(67)6701,935
Total current liabilities: 33,02424,32715,07412,35912,91912,778
Noncurrent Liabilities
Long-term debt and lease obligation   25,000   
Long-term debt, excluding current maturities   25,000   
Liabilities, other than long-term debt, including: 2,0231,2391,2863,840132266
Due to related parties 928 333  4,492
Other liabilities 222891    
Derivative instruments and hedges, liabilities 8733499533,84010,5151,066
Other undisclosed liabilities, other than long-term debt     (10,384)(5,292)
Other undisclosed noncurrent liabilities 88,26697,27649,93844,26048,95020,136
Total noncurrent liabilities: 90,29098,51576,22448,09949,08220,402
Total liabilities: 123,313122,84291,29860,45862,00033,180
Equity
Equity, attributable to parent, including: (1,174)10,15314,45413,2906,950(6,112)
Additional paid in capital 195,865192,233184,859175,519163,648146,760
Accumulated deficit (197,264)(182,287)(170,533)(162,303)(159,736)(154,654)
Other undisclosed equity, attributable to parent 225207128743,0391,783
Equity, attributable to noncontrolling interest (82)     
Total equity: (1,256)10,15314,45413,2906,950(6,112)
TOTAL LIABILITIES AND EQUITY: 122,058132,995105,75273,74768,95127,068

Income Statement (P&L) ($ in thousands)

9/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 150,531122,045101,69592,05361,49744,288
Cost of revenue (83,033)(68,058)(56,724)(49,598)(42,717)(37,662)
Gross profit: 67,49753,98744,97042,45418,7796,625
Operating expenses (72,887)(61,622)(53,985)(44,229)(22,328)(11,438)
Operating loss: (5,389)(7,635)(9,015)(1,775)(3,549)(4,813)
Nonoperating expense (8,649)(6,221)(6,876)(766)(4,365)(623)
Investment income, nonoperating  470   (800)
Other nonoperating income (expense) (8,649)(6,691)(6,876)(766)(4,365)176
Interest and debt expense (100)(100)(105)(200)(3,744)(623)
Loss from continuing operations before equity method investments, income taxes: (14,138)(13,956)(15,995)(2,741)(11,657)(6,060)
Other undisclosed income (loss) from continuing operations before income taxes 100(370)1052006,627 
Loss from continuing operations before income taxes: (14,038)(14,326)(15,890)(2,541)(5,030)(6,060)
Income tax expense (benefit) (62)(2,572)(7,661)(26)(52)1,148
Other undisclosed income from continuing operations 85     
Loss from continuing operations: (14,015)(16,898)(23,551)(2,567)(5,082)(4,912)
Loss before gain (loss) on sale of properties: (14,015)(16,898)(23,551)(2,567)(5,082)(4,870)
Income from discontinued operations      41
Net loss: (14,015)(16,898)(23,551)(2,567)(5,082)(4,870)
Net income attributable to noncontrolling interest 85     
Other undisclosed net income (loss) attributable to parent (170)5,14515,321  (337)
Net loss attributable to parent: (14,100)(11,753)(8,230)(2,567)(5,082)(5,207)
Preferred stock dividends and other adjustments (1,838)(2,388)(1,578)(1,746)(402)404
Other undisclosed net income (loss) available to common stockholders, basic 85    (807)
Net loss available to common stockholders, basic: (15,852)(14,141)(9,808)(4,313)(5,484)(5,611)
Other undisclosed net income available to common stockholders, diluted   11,022   
Net income (loss) available to common stockholders, diluted: (15,852)(14,141)1,214(4,313)(5,484)(5,611)

Comprehensive Income ($ in thousands)

9/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss: (14,015)(16,898)(23,551)(2,567)(5,082)(4,870)
Comprehensive loss: (14,015)(16,898)(23,551)(2,567)(5,082)(4,870)
Comprehensive income, net of tax, attributable to noncontrolling interest 85     
Comprehensive loss, net of tax, attributable to parent: (13,929)(16,898)(23,551)(2,567)(5,082)(4,870)

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.

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