Fusion Connect, Inc. (FSNN) Financial Statements (2025 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)Annual | Quarterly
| 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 investments | 13,535 | 31,000 | 2,530 | 2,342 | 2,407 | 6,642 | |||
| Cash and cash equivalent | 13,535 | 31,000 | 2,530 | 2,342 | 2,407 | 6,642 | |||
| Restricted cash and investments | 27 | ||||||||
| Receivables | 52,384 | 9,175 | (700) | 14,360 | 9,487 | 12,316 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,618 | ||||||||
| Inventory | 1,618 | ||||||||
| Prepaid expense | 10,443 | 1,871 | 2,182 | 1,776 | 1,707 | 1,591 | |||
| Deferred costs | 798 | ||||||||
| Disposal group, including discontinued operation | 4,270 | ||||||||
| Intangible current assets | 55 | ||||||||
| Other current assets | 4,504 | ||||||||
| Other undisclosed current assets | 13,490 | ||||||||
| Total current assets: | 82,484 | 47,114 | 17,585 | 18,477 | 13,601 | 20,549 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 121,294 | 11,115 | 12,857 | 13,770 | 13,851 | 13,521 | |||
| Intangible assets, net (including goodwill) | 401,640 | 90,869 | 90,930 | 93,535 | 96,262 | 98,477 | |||
| Goodwill | 217,814 | 35,182 | 34,774 | 34,774 | 35,287 | 35,287 | |||
| Intangible assets, net (excluding goodwill) | 183,826 | 55,688 | 56,156 | 58,761 | 60,976 | 63,191 | |||
| Disposal group, including discontinued operation, noncurrent assets | 20 | ||||||||
| Deferred costs | 33,462 | 1,103 | 110 | 116 | |||||
| Other undisclosed noncurrent assets | 675 | 687 | 585 | 584 | 726 | ||||
| Total noncurrent assets: | 556,396 | 103,782 | 104,473 | 107,999 | 110,813 | 112,724 | |||
| TOTAL ASSETS: | 638,880 | 150,896 | 122,058 | 126,477 | 124,414 | 133,274 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 87,056 | 20,165 | 25,089 | 25,675 | 20,693 | 23,348 | |||
| Interest and dividends payable | 7 | 7 | 8 | 9 | 12 | ||||
| Taxes payable | 4,775 | 746 | 4,256 | 927 | 819 | 814 | |||
| Employee-related liabilities | 929 | 488 | 422 | 409 | 473 | 380 | |||
| Accounts payable | 76,075 | 6,060 | 9,337 | 7,276 | 4,940 | 5,068 | |||
| Accrued liabilities | 5,277 | 1,206 | 3,019 | 2,607 | 2,371 | 1,806 | |||
| Other undisclosed accounts payable and accrued liabilities | 11,658 | 8,047 | 14,449 | 12,081 | 15,268 | ||||
| Debt | 27,527 | 7,575 | 6,500 | 5,688 | 4,875 | 4,063 | |||
| Disposal group, including discontinued operation | 4,660 | ||||||||
| Other liabilities | 223 | 228 | |||||||
| Deferred revenue and credits | ✕ | ✕ | 797 | ||||||
| Customer advances and deposits | ✕ | ✕ | 394 | ||||||
| Other undisclosed current liabilities | 52,157 | 106 | 1,207 | 1,789 | 2,150 | 1,954 | |||
| Total current liabilities: | 166,740 | 33,922 | 33,024 | 33,152 | 27,718 | 29,364 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 583,336 | 48,071 | 56,498 | 58,325 | 59,876 | ||||
| Long-term debt, excluding current maturities | 580,020 | 47,663 | 55,782 | 57,342 | 58,901 | ||||
| Capital lease obligations | 3,316 | 407 | 716 | 983 | 975 | ||||
| Liabilities, other than long-term debt | 7,657 | 2,093 | 2,023 | 2,027 | 1,553 | 1,692 | |||
| Deferred revenue and credits | ✕ | ✕ | 1,029 | ||||||
| Due to related parties | 928 | ||||||||
| Other liabilities | 7,657 | 477 | 222 | 1,266 | 1,291 | 1,316 | |||
| Derivative instruments and hedges, liabilities | 586 | 873 | 761 | 263 | 376 | ||||
| Other undisclosed noncurrent liabilities | 33,012 | 88,266 | 34,241 | 32,596 | 35,451 | ||||
| Total noncurrent liabilities: | 590,993 | 83,175 | 90,290 | 92,766 | 92,474 | 97,019 | |||
| Total liabilities: | 757,733 | 117,097 | 123,313 | 125,918 | 120,192 | 126,383 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (118,853) | 33,947 | (1,174) | 553 | 4,222 | 6,891 | |||
| Additional paid in capital | 145,377 | 235,027 | 195,865 | 193,642 | 193,606 | 193,398 | |||
| Accumulated other comprehensive loss | (262) | ||||||||
| Accumulated deficit | (264,752) | (201,319) | (197,264) | (193,312) | (189,609) | (186,732) | |||
| Other undisclosed equity, attributable to parent | 784 | 239 | 225 | 223 | 225 | 224 | |||
| Equity, attributable to noncontrolling interest | (148) | (82) | 6 | ||||||
| Total equity: | (118,853) | 33,799 | (1,256) | 559 | 4,222 | 6,891 | |||
| TOTAL LIABILITIES AND EQUITY: | 638,880 | 150,896 | 122,058 | 126,477 | 124,414 | 133,274 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 120,803 | 29,038 | 40,274 | 36,355 | 38,089 | 35,812 | ||
| Revenue, net | ✕ | ✕ | 4,473 | |||||
| Cost of revenue | (66,189) | (12,919) | (23,112) | (19,749) | (20,902) | (19,271) | ||
| Gross profit: | 54,614 | 16,119 | 17,163 | 16,606 | 17,187 | 16,541 | ||
| Operating expenses | (59,954) | (18,280) | (19,622) | (17,361) | (17,932) | (17,972) | ||
| Operating income (loss): | (5,340) | (2,160) | (2,460) | (755) | (744) | (1,431) | ||
| Nonoperating expense (Other Nonoperating expense) | (32,233) | (1,867) | (1,560) | (2,936) | (2,110) | (2,043) | ||
| Interest and debt expense | (14,414) | (2,148) | 6,369 | (2,205) | (2,172) | (2,092) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (51,987) | (6,175) | 2,350 | (5,895) | (5,026) | (5,566) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 14,414 | 2,148 | (6,369) | 2,205 | 2,172 | 2,092 | ||
| Loss from continuing operations before income taxes: | (37,573) | (4,028) | (4,019) | (3,690) | (2,854) | (3,474) | ||
| Income tax expense (benefit) | 3,872 | (14) | (20) | (10) | (23) | (8) | ||
| Other undisclosed income (loss) from continuing operations | 88 | (3) | ||||||
| Loss from continuing operations: | (33,701) | (4,042) | (3,952) | (3,703) | (2,877) | (3,482) | ||
| Loss before gain (loss) on sale of properties: | (18,522) | (4,208) | (3,952) | (3,703) | (2,877) | (3,482) | ||
| Income (loss) from discontinued operations | 15,179 | (166) | ||||||
| Other undisclosed net income (loss) | (787) | 66 | (3) | |||||
| Net loss: | (19,309) | (4,141) | (3,955) | (3,703) | (2,877) | (3,482) | ||
| Net income (loss) attributable to noncontrolling interest | 66 | 88 | (3) | |||||
| Other undisclosed net income (loss) attributable to parent | 787 | (133) | (173) | 5 | ||||
| Net loss attributable to parent: | (18,522) | (4,208) | (4,040) | (3,700) | (2,877) | (3,482) | ||
| Preferred stock dividends and other adjustments | (787) | (244) | (102) | (241) | (240) | (1,254) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (15,179) | 66 | 88 | (3) | ||||
| Net loss available to common stockholders, diluted: | (34,488) | (4,385) | (4,054) | (3,944) | (3,118) | (4,736) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 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 loss: | (19,309) | (4,141) | (3,955) | (3,703) | (2,877) | (3,482) | ||
| Comprehensive loss: | (19,309) | (4,141) | (3,955) | (3,703) | (2,877) | (3,482) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 66 | 88 | (3) | |||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 132 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (19,177) | (4,075) | (3,867) | (3,706) | (2,877) | (3,482) | ||
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.