Internap Corporation (INAP) Financial Statements (2024 and earlier)

Company Profile

Business Address 12120 SUNSET HILLS ROAD, SUITE 330
RESTON, VA 20190
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,82314,60310,38917,77220,08435,018
Cash and cash equivalents17,82314,60310,38917,77220,08435,018
Receivables20,05417,79418,04420,29219,60623,927
Contract with customer, asset, after allowance for credit loss8,844
Deferred tax assets    633371
Other undisclosed current assets7,3778,67310,05512,64612,27622,533
Total current assets:54,09841,07038,48850,71052,59981,849
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization
Operating lease, right-of-use asset
Property, plant and equipment478,061458,565302,680328,700342,145331,963
Long-term investments and receivables   3,0022,7682,6222,602
Long-term investments   3,0022,7682,6222,602
Intangible assets, net (including goodwill)189,25975,87578,187163,200182,858188,086
Goodwill116,21750,20950,209130,313130,313130,387
Intangible assets, net (excluding goodwill)73,04225,66627,97832,88752,54557,699
Contract with customer, asset, after allowance for credit loss16,104
Deferred income tax assets
Deferred tax assets, net    1,6371,742
Other undisclosed noncurrent assets7,40911,0158,25810,1779,9237,999
Total noncurrent assets:690,833545,455392,127504,845539,185532,392
TOTAL ASSETS:744,931586,525430,615555,555591,784614,241
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities38,97536,29631,47833,34452,46044,942
Taxes payable     1,5121,619
Employee-related liabilities     7,239 
Accounts payable23,43520,38820,87522,60730,58929,774
Accrued liabilities15,54015,90810,60310,73713,12013,549
Deferred revenue
Debt9,40112,57810,7879,8778,9037,102
Restructuring reserve2,5264,1523,1772,0341,809
Deferred revenue and credits4,8615,7466,6037,3456,729
Contract with customer, liability8,022
Other liabilities1,0631,7073,1712,5661,5902,493
Other undisclosed current liabilities 5,000  (8,751)667
Total current liabilities:59,98764,59454,35954,42463,35661,933
Noncurrent Liabilities
Long-term debt and lease obligation677,660511,594327,297334,693340,143338,794
Long-term debt, excluding current maturities 415,278287,845283,421286,001287,457288,994
Capital lease obligations262,382223,74943,87648,69252,68649,800
Finance lease, liability
Liabilities, other than long-term debt5,5169,91815,87020,12221,05623,113
Deferred revenue and credits6,0719,78613,63814,12718,421
Deferred revenue
Contract with customer, liability511
Deferred rent credit 957
Liability for uncertainty in income taxes 500200200 400400
Restructuring reserve 756641,5261,8442,7011,877
Other liabilities3,4732,9834,3584,6403,8282,415
Operating lease, liability
Other undisclosed noncurrent liabilities 1,7111,45136,81331,88016,8938,191
Total noncurrent liabilities:684,887522,963379,980386,695378,092370,098
Total liabilities:744,874587,557434,339441,119441,448432,031
Equity
Equity, attributable to parent(2,737)(5,101)(3,724)114,436150,336182,210
Common stock252158565454
Treasury stock, value(7,646)(7,159)(6,923)(6,393)(4,683)(3,474)
Additional paid in capital1,368,9681,327,0841,283,3321,277,5111,262,4021,253,106
Accumulated other comprehensive loss(1,065)(1,324)(1,492)(2,781)(1,923)(1,456)
Accumulated deficit(1,363,019)(1,323,723)(1,278,699)(1,153,957)(1,105,514)(1,066,020)
Equity, attributable to noncontrolling interest 2,7944,069    
Total equity:57(1,032)(3,724)114,436150,336182,210
TOTAL LIABILITIES AND EQUITY:744,931586,525430,615555,555591,784614,241

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues317,373280,718298,297   
Revenue, net280,718298,297   
Cost of revenue(107,262)(134,121)(239,592)(171,365)(183,562)(162,705)
Cost of goods and services sold(107,262)(106,217)(71,626)(70,080)(70,579)(44,799)
Gross profit:210,111146,59758,705(171,365)(183,562)(162,705)
Operating expenses(293,299)(141,823)(151,775)(172,823)(165,736)(128,124)
Other undisclosed operating income89,344  318,293334,959283,342
Operating income (loss):6,1564,774(93,070)(25,895)(14,339)(7,487)
Nonoperating expense(67,874)(51,001)(31,312)(26,408)(26,775)(12,841)
Investment income, nonoperating(68,132)(50,476)(30,909)(27,596)  
Interest and debt expense (6,785)  (26,742)(12,227)
Other undisclosed income from continuing operations before equity method investments, income taxes 6,785  26,74212,227
Loss from continuing operations before equity method investments, income taxes:(61,718)(46,227)(124,382)(52,303)(41,114)(20,328)
Income from equity method investments  1,207170200259213
Loss from continuing operations before income taxes:(61,718)(45,020)(124,212)(52,103)(40,855)(20,115)
Income tax expense (benefit)(657)(253)(530)3,6601,361285
Loss from continuing operations:(62,375)(45,273)(124,742)(48,443)(39,494)(19,830)
Loss before gain (loss) on sale of properties:(62,375)(45,273)(124,742)(48,443)(39,494)(19,830)
Other undisclosed net income      171,160
Net income (loss):(62,375)(45,273)(124,742)(48,443)(39,494)151,330
Net loss attributable to noncontrolling interest(125)(70)    
Other undisclosed net loss attributable to parent      (171,160)
Net loss available to common stockholders, diluted:(62,500)(45,343)(124,742)(48,443)(39,494)(19,830)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(62,375)(45,273)(124,742)(48,443)(39,494)151,330
Comprehensive income (loss):(62,375)(45,273)(124,742)(48,443)(39,494)151,330
Comprehensive loss, net of tax, attributable to noncontrolling interest(125)(70)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2591681,289(858)(467)(172,401)
Comprehensive loss, net of tax, attributable to parent:(62,241)(45,175)(123,453)(49,301)(39,961)(21,071)

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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