Local Corp (LOCMQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 7555 IRVINE CENTER DRIVE
IRVINE, CA 92618
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4384,3116,6763,7115,0694,847
Cash and cash equivalents2,4384,3116,6763,7115,0694,847
Receivables8,4268,07912,76918,21917,29815,052
Other undisclosed current assets4494455671,0919571,405
Total current assets:11,31312,83520,01223,02123,32421,304
Noncurrent Assets
Property, plant and equipment5,6506,0486,3436,1346,0735,992
Long-term investments and receivables(3,431)(3,431)(3,431)(3,431)(3,431)1,722
Accounts and financing receivable, after allowance for credit loss(3,431)(3,431)(3,431)(3,431)(3,431)1,722
Intangible assets, net (including goodwill)21,03321,15121,27021,49521,72021,945
Goodwill19,28119,28119,28119,28119,28119,281
Intangible assets, net (excluding goodwill)1,7521,8701,9892,2142,4392,664
Deposits noncurrent assets727272727272
Other undisclosed noncurrent assets3,4313,4313,4313,4313,821390
Total noncurrent assets:26,75527,27127,68527,70128,25530,121
TOTAL ASSETS:38,06840,10647,69750,72251,57951,425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,08314,09814,30215,66514,24811,734
Employee-related liabilities9409732,0131,2941,4621,264
Accounts payable9,66911,29012,28914,37112,78610,470
Accrued liabilities1,4741,835    
Debt4,8839,1968,8679,5671,5001,500
Derivative instruments and hedges, liabilities 156622743710537766
Deferred revenue and credits225335416468525533
Other undisclosed current liabilities   1,6811,58710,29510,853
Total current liabilities:17,34724,25126,00927,99727,10525,386
Noncurrent Liabilities
Long-term debt and lease obligation4,630 4,7434,435375750
Long-term debt, excluding current maturities4,630 4,7434,435375750
Liabilities, other than long-term debt480444444621347302
Deferred tax liabilities, net480444444621347302
Derivative instruments and hedges, liabilities      
Other undisclosed noncurrent liabilities     3,4673,227
Total noncurrent liabilities:5,1104445,1875,0564,1894,279
Total liabilities:22,45724,69531,19633,05331,29429,665
Equity
Equity, attributable to parent15,61115,41116,50117,66920,28521,760
Additional paid in capital125,076124,841124,623124,461124,249124,045
Accumulated deficit(109,465)(109,430)(108,122)(106,792)(103,964)(102,285)
Total equity:15,61115,41116,50117,66920,28521,760
TOTAL LIABILITIES AND EQUITY:38,06840,10647,69750,72251,57951,425

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

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Other undisclosed income before gain (loss) on sale of properties 710     
Revenues
(Revenue, Net)
16,38218,14122,51426,18026,80523,472
Cost of revenue
(Cost of Goods and Services Sold)
(12,035)(14,628)(16,512)(20,405)(20,288)(16,208)
Gross profit:4,3473,5136,0025,7756,5177,264
Operating expenses(6,543)(6,248)(7,580)(8,257)(12,946)(8,013)
Other undisclosed operating income9891,6816998054,509 
Operating loss:(1,207)(1,054)(879)(1,677)(1,920)(749)
Nonoperating income (expense)
(Investment Income, Nonoperating)
1,031285(64)(334)871(413)
Interest and debt expense(537)(539)(564)(543)(1,247)(540)
Other undisclosed income from continuing operations before equity method investments, income taxes     7253
Loss from continuing operations before income taxes:(713)(1,308)(1,507)(2,554)(1,571)(1,699)
Income tax expense (benefit) (32) 177(274)(18)109
Loss from continuing operations:(745)(1,308)(1,330)(2,828)(1,589)(1,590)
Loss before gain (loss) on sale of properties:(35)(1,308)(1,330)(2,828)(1,589)(1,590)
Net loss:(35)(1,308)(1,330)(2,828)(1,589)(1,590)
Other undisclosed net loss attributable to parent     (90)(154)
Net loss available to common stockholders, diluted:(35)(1,308)(1,330)(2,828)(1,679)(1,744)

Comprehensive Income ($ in thousands)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Net loss:(35)(1,308)(1,330)(2,828)(1,589)(1,590)
Comprehensive loss, net of tax, attributable to parent:(35)(1,308)(1,330)(2,828)(1,589)(1,590)

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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