GTT Communications, Inc. (GTTNQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 7900 TYSONS ONE PLACE
MCLEAN, VA 22102
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2020
MRQ
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 41,80055,300101,20029,74814,63049,256
Cash and cash equivalents 41,80055,300101,20029,74814,63049,256
Receivables 162,100177,000102,80076,29260,44629,328
Prepaid expense 4,7008,40010,4005,765  
Deposits current assets 3001,300    
Other current assets   11,6003,565  
Other undisclosed current assets 45,40037,0002,1003,41517,8226,264
Total current assets: 254,300279,000228,100118,78592,89884,848
Noncurrent Assets
Operating lease, right-of-use asset 357,500
Property, plant and equipment 1,817,4001,870,400499,30043,36938,82325,184
Intangible assets, net (including goodwill) 2,259,3002,290,4001,061,600474,529453,140151,313
Goodwill 1,768,6001,738,000644,500280,593270,95692,683
Intangible assets, net (excluding goodwill) 490,700552,400417,100193,936182,18458,630
Restricted cash and investments    304,266  
Other noncurrent assets 69,20097,8009,20012,31211,5937,933
Total noncurrent assets: 4,503,4004,258,6001,570,100834,476503,556184,430
TOTAL ASSETS: 4,757,7004,537,6001,798,200953,261596,454269,278
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 101,900104,10039,70021,39727,90529,013
Interest and dividends payable    4,534  
Taxes payable 28,3002,8009,600  2,446
Accounts payable 69,40089,20022,50011,33422,72520,336
Accrued liabilities 4,20012,1007,6005,5295,1806,231
Deferred revenue 67,000
Debt 109,70046,60015,5009,6159,3926,188
Derivative instruments and hedges, liabilities 53,50022,400    
Restructuring reserve 6,40025,6009,7003,2476,8332,101
Business combination, contingent consideration, liability   14,00024,37912,842 
Deferred revenue and credits53,70017,87515,4698,340
Contract with customer, liability84,200
Other undisclosed current liabilities 148,400163,90055,10019,27827,10224,686
Total current liabilities: 486,900446,800187,70095,79199,54370,328
Noncurrent Liabilities
Long-term debt and lease obligation 3,502,8003,186,7001,236,800725,328383,204117,438
Long-term debt, excluding current maturities 3,192,6003,151,6001,236,500725,208382,243117,438
Capital lease obligations35,100300120961 
Finance lease, liability 37,300
Liabilities, other than long-term debt 476,900313,200116,0004,3833,2213,946
Deferred revenue and credits108,0003,4162,292766
Deferred revenue 266,500
Contract with customer, liability287,000
Deferred income tax liabilities 171,300
Other liabilities 39,10026,2008,0009679293,180
Operating lease, liability 272,900
Other undisclosed noncurrent liabilities  176,20026,300   
Total noncurrent liabilities: 3,979,7003,676,1001,379,100729,711386,425121,384
Total liabilities: 4,466,6004,122,9001,566,800825,502485,968191,712
Equity
Equity, attributable to parent 291,100414,700231,400127,759110,48677,566
Common stock    333
Additional paid in capital 842,400809,900360,200197,326182,797167,678
Accumulated other comprehensive loss (77,100)(26,900)(3,900)(4,929)(2,413)(910)
Accumulated deficit (474,200)(368,300)(124,900)(64,641)(69,901)(89,205)
Total equity: 291,100414,700231,400127,759110,48677,566
TOTAL LIABILITIES AND EQUITY: 4,757,7004,537,6001,798,200953,261596,454269,278

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

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 1,727,8001,490,800827,900521,688369,250207,343
Revenue, net827,900521,688369,250207,343
Cost of revenue
(Cost of Goods and Services Sold)
 (941,900)(819,400)(432,100)(274,012)(204,458)(128,086)
Gross profit: 785,900671,400395,800247,676164,79279,257
Operating expenses (662,600)(1,451,100)(802,500)(480,863)(365,548)(208,045)
Other undisclosed operating income  819,400432,100274,012204,458128,086
Operating income (loss): 123,30039,70025,40040,8253,702(702)
Nonoperating expense (226,000)(288,600)(79,600)(31,637)(18,529)(20,194)
Other nonoperating income (expense) (31,300)(127,900)200(577)(1,167)(8,636)
Interest and debt expense (4,800)(4,400)(3,800)(1,531)(1,021)(3,104)
Other undisclosed income from continuing operations before equity method investments, income taxes 4,8004,4003,8001,5311,0213,104
Income (loss) from continuing operations before equity method investments, income taxes: (102,700)(248,900)(54,200)9,188(14,827)(20,896)
Other undisclosed loss from continuing operations before income taxes      (4)
Income (loss) from continuing operations before income taxes: (102,700)(248,900)(54,200)9,188(14,827)(20,900)
Income tax expense (benefit) (3,200)5,500(17,300)(3,928)34,131(2,083)
Income (loss) from continuing operations: (105,900)(243,400)(71,500)5,26019,304(22,983)
Income (loss) before gain (loss) on sale of properties: (105,900)(243,400)(71,500)5,26019,304(22,983)
Net income (loss): (105,900)(243,400)(71,500)5,26019,304(22,983)
Other undisclosed net income attributable to parent      4
Net income (loss) available to common stockholders, diluted: (105,900)(243,400)(71,500)5,26019,304(22,979)

Comprehensive Income ($ in thousands)

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (105,900)(243,400)(71,500)5,26019,304(22,983)
Comprehensive income (loss): (105,900)(243,400)(71,500)5,26019,304(22,983)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (50,200)(23,000)1,000(2,516)(1,503)(626)
Comprehensive income (loss), net of tax, attributable to parent: (156,100)(266,400)(70,500)2,74417,801(23,609)

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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