Great Elm Capital Group, Inc. (GEC) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
800 SOUTH STREET WALTHAM, MA 02453 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 41 | 12 | 61 | 67 | 81 | 85 | 134 | ||
| Cash and cash equivalents | 41 | 12 | 43 | 46 | 81 | 74 | 94 | ||
| Short-term investments | 18 | 21 | 12 | 40 | |||||
| Restricted cash and investments | 1 | 1 | 1 | 0 | 0 | ||||
| Receivables | 10 | 11 | 0 | 0 | |||||
| Inventory, net of allowances, customer advances and progress billings | 1 | 1 | ✕ | ||||||
| Inventory | 1 | 1 | |||||||
| Other undisclosed current assets | 9 | 17 | 1 | 1 | 0 | 1 | 1 | ||
| Total current assets: | 61 | 42 | 64 | 68 | 81 | 86 | 135 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1 | 1 | 0 | 0 | 0 | 0 | |||
| Long-term investments and receivables | 3 | 3 | 12 | ||||||
| Long-term investments | 12 | ||||||||
| Due from related parties | 3 | 3 | |||||||
| Intangible assets, net (including goodwill) | 65 | 68 | 9 | 4 | 2 | ✕ | |||
| Goodwill | 50 | 50 | |||||||
| Intangible assets, net (excluding goodwill) | 15 | 18 | 9 | 4 | 2 | ||||
| Other noncurrent assets | 2 | 1 | 0 | 0 | 1 | 1 | 1 | ||
| Other undisclosed noncurrent assets | 61 | 70 | 57 | 2 | (0) | 2 | |||
| Total noncurrent assets: | 134 | 140 | 70 | 9 | 1 | 3 | 15 | ||
| TOTAL ASSETS: | 195 | 183 | 134 | 77 | 82 | 89 | 150 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 5 | 5 | 3 | 1 | 1 | 2 | 3 | ||
| Accounts payable | 5 | 5 | 0 | 0 | 1 | 1 | 1 | ||
| Accrued liabilities | 2 | 1 | 0 | 1 | 2 | ||||
| Employee-related liabilities | 0 | 0 | 1 | 0 | 1 | ||||
| Deferred revenue | 6 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 6 | 2 | 2 | 0 | |||||
| Restructuring reserve | 4 | 4 | 7 | ✕ | |||||
| Due to related parties | 1 | 4 | 0 | 35 | |||||
| Business combination, contingent consideration, liability | 1 | ✕ | |||||||
| Deferred revenue and credits | ✕ | ✕ | 5 | 5 | |||||
| Other liabilities | 0 | 2 | 3 | 4 | |||||
| Other undisclosed current liabilities | 7 | 6 | 0 | 1 | 13 | ||||
| Total current liabilities: | 26 | 18 | 9 | 6 | 45 | 11 | 26 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 22 | 62 | 56 | 2 | 30 | 26 | |||
| Long-term debt, excluding current maturities | 17 | 62 | 56 | 30 | 26 | ||||
| Capital lease obligations | ✕ | 2 | |||||||
| Operating lease, liability | 4 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 27 | 29 | 4 | 3 | 0 | 25 | 29 | ||
| Deferred revenue and credits | ✕ | ✕ | 25 | 29 | |||||
| Restructuring reserve | 0 | ||||||||
| Due to related parties | 26 | 28 | 3 | 3 | |||||
| Other liabilities | 0 | 1 | 0 | 0 | 0 | ||||
| Derivative instruments and hedges, liabilities | 0 | ||||||||
| Other undisclosed noncurrent liabilities | 53 | 5 | 1 | 7 | |||||
| Total noncurrent liabilities: | 101 | 96 | 60 | 5 | 0 | 55 | 62 | ||
| Total liabilities: | 127 | 114 | 69 | 10 | 45 | 65 | 87 | ||
| Temporary equity, carrying amount | 4 | 4 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 61 | 61 | 64 | 66 | 37 | 24 | 63 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (0) | (1) | |||||||
| Additional paid in capital | 3,318 | 3,305 | 3,303 | 3,294 | 3,249 | 3,245 | 3,244 | ||
| Accumulated other comprehensive income | 0 | 0 | |||||||
| Accumulated deficit | (3,257) | (3,244) | (3,239) | (3,227) | (3,212) | (3,222) | (3,180) | ||
| Stockholders' equity attributable to noncontrolling interest | 4 | 4 | 0 | (0) | |||||
| Total stockholders' equity: | 65 | 65 | 65 | 66 | 37 | 24 | 63 | ||
| TOTAL LIABILITIES AND EQUITY: | 195 | 183 | 134 | 77 | 82 | 89 | 150 | ||
Income Statement (P&L) ($ in millions)
| 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 64 | 51 | 6 | 5 | 5 | 36 | ||
| Operating leases, income statement, lease revenue | ✕ | 20 | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Financial services revenue | ✕ | ✕ | 5 | |||||
| Cost of revenue | (26) | (20) | (15) | (5) | (31) | (23) | ||
| Cost of goods and services sold | (5) | (31) | (23) | |||||
| Gross profit: | 38 | 31 | (9) | (0) | (27) | 13 | ||
| Operating expenses | (37) | (35) | (1) | (4) | (10) | (21) | (20) | |
| Other undisclosed operating income | 10 | 10 | ||||||
| Operating income (loss): | 1 | (4) | (10) | (5) | (10) | (38) | 3 | |
| Nonoperating income (expense) | (14) | (5) | (1) | 1 | 0 | 10 | 11 | |
| Investment income, nonoperating | 1 | 0 | 0 | 0 | ||||
| Debt instrument, convertible, beneficial conversion feature | 10 | 10 | ||||||
| Other nonoperating income (expense) | (7) | 2 | (0) | 0 | 0 | 0 | 1 | |
| Interest and debt expense | (7) | (6) | (1) | (6) | (5) | (4) | (4) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (20) | (15) | (13) | (10) | (15) | (32) | 10 | |
| Other undisclosed income (loss) from continuing operations before income taxes | 7 | 6 | 1 | (9) | (10) | (10) | ||
| Income (loss) from continuing operations before income taxes: | (13) | (9) | (12) | (19) | (15) | (42) | 0 | |
| Income tax expense (benefit) | (0) | 2 | 0 | 1 | 5 | (0) | ||
| Income (loss) from continuing operations: | (13) | (7) | (11) | (17) | (9) | (42) | 0 | |
| Income (loss) from discontinued operations | 4 | (0) | 2 | 19 | (0) | (0) | ||
| Net income (loss): | (13) | (3) | (12) | (15) | 9 | (42) | 0 | |
| Net income attributable to noncontrolling interest | 0 | 0 | 0 | 0 | ||||
| Net income (loss) available to common stockholders, diluted: | (13) | (3) | (11) | (15) | 9 | (42) | 0 | |
Comprehensive Income ($ in millions)
| 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (13) | (3) | (12) | (15) | 9 | (42) | 0 | |
| Other comprehensive income (loss) | (0) | 0 | 0 | |||||
| Comprehensive income (loss): | (13) | (3) | (12) | (15) | 9 | (42) | 0 | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | 0 | 0 | 0 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (13) | (3) | (11) | (15) | 9 | (42) | 0 | |
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.