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 investments | 17,823 | 14,603 | 10,389 | 17,772 | 20,084 | 35,018 | |||
| Cash and cash equivalents | 17,823 | 14,603 | 10,389 | 17,772 | 20,084 | 35,018 | |||
| Receivables | 20,054 | 17,794 | 18,044 | 20,292 | 19,606 | 23,927 | |||
| Contract with customer, asset, after allowance for credit loss | 8,844 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Deferred tax assets | ✕ | 633 | 371 | ||||||
| Other undisclosed current assets | 7,377 | 8,673 | 10,055 | 12,646 | 12,276 | 22,533 | |||
| Total current assets: | 54,098 | 41,070 | 38,488 | 50,710 | 52,599 | 81,849 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 478,061 | 458,565 | 302,680 | 328,700 | 342,145 | 331,963 | |||
| Long-term investments and receivables | 3,002 | 2,768 | 2,622 | 2,602 | |||||
| Long-term investments | 3,002 | 2,768 | 2,622 | 2,602 | |||||
| Intangible assets, net (including goodwill) | 189,259 | 75,875 | 78,187 | 163,200 | 182,858 | 188,086 | |||
| Goodwill | 116,217 | 50,209 | 50,209 | 130,313 | 130,313 | 130,387 | |||
| Intangible assets, net (excluding goodwill) | 73,042 | 25,666 | 27,978 | 32,887 | 52,545 | 57,699 | |||
| Contract with customer, asset, after allowance for credit loss | 16,104 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Deferred income tax assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Deferred tax assets, net | ✕ | 1,637 | 1,742 | ||||||
| Other undisclosed noncurrent assets | 7,409 | 11,015 | 8,258 | 10,177 | 9,923 | 7,999 | |||
| Total noncurrent assets: | 690,833 | 545,455 | 392,127 | 504,845 | 539,185 | 532,392 | |||
| TOTAL ASSETS: | 744,931 | 586,525 | 430,615 | 555,555 | 591,784 | 614,241 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 38,975 | 36,296 | 31,478 | 33,344 | 52,460 | 44,942 | |||
| Taxes payable | 1,512 | 1,619 | |||||||
| Employee-related liabilities | 7,239 | ||||||||
| Accounts payable | 23,435 | 20,388 | 20,875 | 22,607 | 30,589 | 29,774 | |||
| Accrued liabilities | 15,540 | 15,908 | 10,603 | 10,737 | 13,120 | 13,549 | |||
| Deferred revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 9,401 | 12,578 | 10,787 | 9,877 | 8,903 | 7,102 | |||
| Restructuring reserve | 2,526 | 4,152 | 3,177 | 2,034 | 1,809 | ✕ | |||
| Other liabilities | 1,063 | 1,707 | 3,171 | 2,566 | 1,590 | 2,493 | |||
| Deferred revenue and credits | ✕ | ✕ | 4,861 | 5,746 | 6,603 | 7,345 | 6,729 | ||
| Contract with customer, liability | ✕ | 8,022 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 5,000 | (8,751) | 667 | ||||||
| Total current liabilities: | 59,987 | 64,594 | 54,359 | 54,424 | 63,356 | 61,933 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 677,660 | 511,594 | 327,297 | 334,693 | 340,143 | 338,794 | |||
| Long-term debt, excluding current maturities | 415,278 | 287,845 | 283,421 | 286,001 | 287,457 | 288,994 | |||
| Capital lease obligations | ✕ | 262,382 | 223,749 | 43,876 | 48,692 | 52,686 | 49,800 | ||
| Finance lease, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 5,516 | 9,918 | 15,870 | 20,122 | 21,056 | 23,113 | |||
| Deferred revenue and credits | ✕ | ✕ | 6,071 | 9,786 | 13,638 | 14,127 | 18,421 | ||
| Deferred revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | 511 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Deferred rent credit | 957 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liability for uncertainty in income taxes | 500 | 200 | 200 | 400 | 400 | ||||
| Restructuring reserve | 75 | 664 | 1,526 | 1,844 | 2,701 | 1,877 | |||
| Other liabilities | 3,473 | 2,983 | 4,358 | 4,640 | 3,828 | 2,415 | |||
| Operating lease, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 1,711 | 1,451 | 36,813 | 31,880 | 16,893 | 8,191 | |||
| Total noncurrent liabilities: | 684,887 | 522,963 | 379,980 | 386,695 | 378,092 | 370,098 | |||
| Total liabilities: | 744,874 | 587,557 | 434,339 | 441,119 | 441,448 | 432,031 | |||
| Equity | |||||||||
| Equity, attributable to parent | (2,737) | (5,101) | (3,724) | 114,436 | 150,336 | 182,210 | |||
| Common stock | 25 | 21 | 58 | 56 | 54 | 54 | |||
| Treasury stock, value | (7,646) | (7,159) | (6,923) | (6,393) | (4,683) | (3,474) | |||
| Additional paid in capital | 1,368,968 | 1,327,084 | 1,283,332 | 1,277,511 | 1,262,402 | 1,253,106 | |||
| 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 | 2,794 | 4,069 | |||||||
| Total equity: | 57 | (1,032) | (3,724) | 114,436 | 150,336 | 182,210 | |||
| TOTAL LIABILITIES AND EQUITY: | 744,931 | 586,525 | 430,615 | 555,555 | 591,784 | 614,241 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 317,373 | 280,718 | 298,297 | |||||
| Revenue, net | ✕ | ✕ | 280,718 | 298,297 | ||||
| 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: | 210,111 | 146,597 | 58,705 | (171,365) | (183,562) | (162,705) | ||
| Operating expenses | (293,299) | (141,823) | (151,775) | (172,823) | (165,736) | (128,124) | ||
| Other undisclosed operating income | 89,344 | 318,293 | 334,959 | 283,342 | ||||
| Operating income (loss): | 6,156 | 4,774 | (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 | 26,742 | 12,227 | |||||
| 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 | 1,207 | 170 | 200 | 259 | 213 | |||
| 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) | 3,660 | 1,361 | 285 | ||
| 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 parent | 259 | 168 | 1,289 | (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.