GTT Communications, Inc. (GTTNQ) Financial Statements (2025 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 | 41,800 | 55,300 | 101,200 | 29,748 | 14,630 | 49,256 | |||
| Cash and cash equivalent | 41,800 | 55,300 | 101,200 | 29,748 | 14,630 | 49,256 | |||
| Receivables | 162,100 | 177,000 | 102,800 | 76,292 | 60,446 | 29,328 | |||
| Prepaid expense | 4,700 | 8,400 | 10,400 | 5,765 | |||||
| Deposits current assets | 300 | 1,300 | |||||||
| Other current assets | 11,600 | 3,565 | |||||||
| Other undisclosed current assets | 45,400 | 37,000 | 2,100 | 3,415 | 17,822 | 6,264 | |||
| Total current assets: | 254,300 | 279,000 | 228,100 | 118,785 | 92,898 | 84,848 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 357,500 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 1,817,400 | 1,870,400 | 499,300 | 43,369 | 38,823 | 25,184 | |||
| Intangible assets, net (including goodwill) | 2,259,300 | 2,290,400 | 1,061,600 | 474,529 | 453,140 | 151,313 | |||
| Goodwill | 1,768,600 | 1,738,000 | 644,500 | 280,593 | 270,956 | 92,683 | |||
| Intangible assets, net (excluding goodwill) | 490,700 | 552,400 | 417,100 | 193,936 | 182,184 | 58,630 | |||
| Restricted cash and investments | 304,266 | ||||||||
| Other noncurrent assets | 69,200 | 97,800 | 9,200 | 12,312 | 11,593 | 7,933 | |||
| Total noncurrent assets: | 4,503,400 | 4,258,600 | 1,570,100 | 834,476 | 503,556 | 184,430 | |||
| TOTAL ASSETS: | 4,757,700 | 4,537,600 | 1,798,200 | 953,261 | 596,454 | 269,278 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 101,900 | 104,100 | 39,700 | 21,397 | 27,905 | 29,013 | |||
| Interest and dividends payable | 4,534 | ||||||||
| Taxes payable | 28,300 | 2,800 | 9,600 | 2,446 | |||||
| Accounts payable | 69,400 | 89,200 | 22,500 | 11,334 | 22,725 | 20,336 | |||
| Accrued liabilities | 4,200 | 12,100 | 7,600 | 5,529 | 5,180 | 6,231 | |||
| Deferred revenue | 67,000 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 109,700 | 46,600 | 15,500 | 9,615 | 9,392 | 6,188 | |||
| Derivative instruments and hedges, liabilities | 53,500 | 22,400 | |||||||
| Restructuring reserve | 6,400 | 25,600 | 9,700 | 3,247 | 6,833 | 2,101 | |||
| Business combination, contingent consideration, liability | 14,000 | 24,379 | 12,842 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 53,700 | 17,875 | 15,469 | 8,340 | ||
| Contract with customer, liability | ✕ | ✕ | 84,200 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 148,400 | 163,900 | 55,100 | 19,278 | 27,102 | 24,686 | |||
| Total current liabilities: | 486,900 | 446,800 | 187,700 | 95,791 | 99,543 | 70,328 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,502,800 | 3,186,700 | 1,236,800 | 725,328 | 383,204 | 117,438 | |||
| Long-term debt, excluding current maturities | 3,192,600 | 3,151,600 | 1,236,500 | 725,208 | 382,243 | 117,438 | |||
| Capital lease obligations | ✕ | ✕ | 35,100 | 300 | 120 | 961 | |||
| Finance lease, liability | 37,300 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 476,900 | 313,200 | 116,000 | 4,383 | 3,221 | 3,946 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 108,000 | 3,416 | 2,292 | 766 | ||
| Deferred revenue | 266,500 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | 287,000 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred income tax liabilities | 171,300 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 39,100 | 26,200 | 8,000 | 967 | 929 | 3,180 | |||
| Operating lease, liability | 272,900 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 176,200 | 26,300 | |||||||
| Total noncurrent liabilities: | 3,979,700 | 3,676,100 | 1,379,100 | 729,711 | 386,425 | 121,384 | |||
| Total liabilities: | 4,466,600 | 4,122,900 | 1,566,800 | 825,502 | 485,968 | 191,712 | |||
| Equity | |||||||||
| Equity, attributable to parent | 291,100 | 414,700 | 231,400 | 127,759 | 110,486 | 77,566 | |||
| Common stock | 3 | 3 | 3 | ||||||
| Additional paid in capital | 842,400 | 809,900 | 360,200 | 197,326 | 182,797 | 167,678 | |||
| 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: | 291,100 | 414,700 | 231,400 | 127,759 | 110,486 | 77,566 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,757,700 | 4,537,600 | 1,798,200 | 953,261 | 596,454 | 269,278 | |||
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 | 1,727,800 | 1,490,800 | 827,900 | 521,688 | 369,250 | 207,343 | ||
| Revenue, net | ✕ | ✕ | ✕ | 827,900 | 521,688 | 369,250 | 207,343 | |
| Cost of revenue (Cost of Product and Service Sold) | (941,900) | (819,400) | (432,100) | (274,012) | (204,458) | (128,086) | ||
| Gross profit: | 785,900 | 671,400 | 395,800 | 247,676 | 164,792 | 79,257 | ||
| Operating expenses | (662,600) | (1,451,100) | (802,500) | (480,863) | (365,548) | (208,045) | ||
| Other undisclosed operating income | 819,400 | 432,100 | 274,012 | 204,458 | 128,086 | |||
| Operating income (loss): | 123,300 | 39,700 | 25,400 | 40,825 | 3,702 | (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 | 4,800 | 4,400 | 3,800 | 1,531 | 1,021 | 3,104 | ||
| 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) | 5,260 | 19,304 | (22,983) | ||
| Income (loss) before gain (loss) on sale of properties: | (105,900) | (243,400) | (71,500) | 5,260 | 19,304 | (22,983) | ||
| Net income (loss): | (105,900) | (243,400) | (71,500) | 5,260 | 19,304 | (22,983) | ||
| Other undisclosed net income attributable to parent | 4 | |||||||
| Net income (loss) available to common stockholders, diluted: | (105,900) | (243,400) | (71,500) | 5,260 | 19,304 | (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) | 5,260 | 19,304 | (22,983) | ||
| Comprehensive income (loss): | (105,900) | (243,400) | (71,500) | 5,260 | 19,304 | (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) | 2,744 | 17,801 | (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.