LogMein, Inc. (LOGM) Financial Statements (2025 and earlier)

Company Profile

Business Address 320 SUMMER STREET, SUITE 100
BOSTON, MA 02210
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2020
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 128,005148,652252,402196,466208,427201,169
Cash and cash equivalents 128,005148,652252,402140,756123,143100,960
Short-term investments    55,71085,284100,209
Restricted cash and investments      1,492
Receivables 115,295100,75493,94925,90116,01118,286
Other undisclosed current assets 81,65178,48752,4735,72311,9979,948
Total current assets: 324,951327,893398,824228,090236,435230,895
Noncurrent Assets
Operating lease, right-of-use asset 99,026
Property, plant and equipment 99,15798,23892,15423,86721,71113,476
Intangible assets, net (including goodwill) 3,254,7143,460,3783,358,322184,270189,13556,911
Goodwill 2,414,2872,400,3902,208,725121,760117,54537,928
Intangible assets, net (excluding goodwill) 840,4271,059,9881,149,59762,51071,59018,983
Restricted cash and investments 1,8831,8401,7952,4812,4672,531
Other noncurrent assets 68,27241,5456,4834,2825,7534,756
Other undisclosed noncurrent assets 7,9946,0595303031989,280
Total noncurrent assets: 3,531,0463,608,0603,459,284215,203219,26486,954
TOTAL ASSETS: 3,855,9973,935,9533,858,108443,293455,699317,849
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 214,100154,826104,65849,89342,00151,410
Employee-related liabilities      14,873
Accounts payable 52,10435,44722,23214,64010,3277,055
Accrued liabilities 161,996119,37982,42635,25331,67429,482
Deferred revenue 390,087
Debt 18,470     
Deferred revenue and credits340,570156,966134,297101,672
Contract with customer, liability369,780
Other undisclosed current liabilities      (14,873)
Total current liabilities: 622,657524,606445,228206,859176,298138,209
Noncurrent Liabilities
Long-term debt and lease obligation: 88,674     
Liabilities, other than long-term debt 33,476236,659249,13910,31811,5905,796
Deferred revenue and credits6,7355,2872,6923,578
Deferred revenue 18,076
Contract with customer, liability9,518
Deferred tax liabilities, net201,212221,4072,3325,812 
Other liabilities 15,40025,92920,9972,6993,0862,218
Operating lease, liability 88,674
Other undisclosed noncurrent liabilities 370,482200,000 30,00060,000 
Total noncurrent liabilities: 492,632436,659249,13940,31871,5905,796
Total liabilities: 1,115,289961,265694,367247,177247,888144,005
Equity
Equity, attributable to parent 2,740,7082,974,6883,163,741196,116207,811173,844
Common stock 573567560284275267
Treasury stock, value (635,373)(428,658)(179,725)(110,496)(85,115)(67,025)
Additional paid in capital 3,369,8933,316,6033,276,891314,700276,793237,203
Accumulated other comprehensive income (loss) 6842,13315,570(6,618)(5,216)(3,117)
Retained earnings (accumulated deficit) 4,93184,04350,445(1,754)21,0746,516
Total equity: 2,740,7082,974,6883,163,741196,116207,811173,844
TOTAL LIABILITIES AND EQUITY: 3,855,9973,935,9533,858,108443,293455,699317,849

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

6/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 1,260,3851,203,992989,786336,068271,600221,956
Cost of revenue (323,665)(281,481)(203,203)(45,501)(35,458)(28,732)
Cost of goods and services sold (323,665)(281,481)    
Gross profit: 936,720922,511786,583290,567236,142193,224
Operating expenses (938,394)(836,488)(798,400)(286,154)(220,093)(184,537)
Operating income (loss): (1,674)86,023(11,817)4,41316,0498,687
Nonoperating income 1,0631,1151,2481982,043707
Investment income, nonoperating 1,6511,6711,389698654602
Other nonoperating income (expense) (588)(556)(141)(500)1,389105
Interest and debt expense (8,247)(6,342)(1,408)(1,403)(574) 
Income (loss) from continuing operations before income taxes: (8,858)80,796(11,977)3,20817,5189,394
Income tax expense (benefit) (5,697)(6,425)111,500(570)(2,960)(1,439)
Income (loss) from continuing operations: (14,555)74,37199,5232,63814,5587,955
Income (loss) before gain (loss) on sale of properties: (14,555)74,37199,5232,63814,5587,955
Net income (loss) available to common stockholders, diluted: (14,555)74,37199,5232,63814,5587,955

Comprehensive Income ($ in thousands)

6/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (14,555)74,37199,5232,63814,5587,955
Other comprehensive loss      (1,931)
Comprehensive income (loss): (14,555)74,37199,5232,63814,5586,024
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (1,449)(13,437)22,188(1,402)(2,099) 
Comprehensive income (loss), net of tax, attributable to parent: (16,004)60,934121,7111,23612,4596,024

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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