LogMein, Inc. (LOGM) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments249190128119112145149
Cash and cash equivalents249190128119112145149
Receivables118116115889795101
Other undisclosed current assets95958274737578
Total current assets:462400325281281315328
Noncurrent Assets
Operating lease, right-of-use asset959999101  
Property, plant and equipment9898999710210198
Intangible assets, net (including goodwill)3,1503,2013,2553,3103,3723,4283,460
Goodwill2,4142,4142,4142,4142,4142,4132,400
Intangible assets, net (excluding goodwill)7367878408969581,0151,060
Restricted cash and investments2222222
Deferred income tax assets9     
Other noncurrent assets85716861544642
Other undisclosed noncurrent assets 8861111156
Total noncurrent assets:3,4393,4803,5313,5773,6413,6923,608
TOTAL ASSETS:3,9013,8803,8563,8593,9224,0073,936
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities195204214201191189155
Accounts payable44455257514435
Accrued liabilities151158162144141145119
Deferred revenue449437390382  
Debt 191818   
Contract with customer, liability399394370
Other undisclosed current liabilities19   1716 
Total current liabilities:663660623600608599525
Noncurrent Liabilities
Long-term debt and lease obligation85898991   
Operating lease, liability85898991  
Liabilities, other than long-term debt193413327207221237
Deferred revenue10141811  
Contract with customer, liability10810
Deferred tax liabilities, net182193201
Deferred income tax liabilities152     
Liability for uncertainty in income taxes1111 665 
Other liabilities2016151091426
Other undisclosed noncurrent liabilities189350370364289293200
Total noncurrent liabilities:466480493483496514437
Total liabilities:1,1301,1401,1151,0841,1031,112961
Stockholders' equity
Stockholders' equity attributable to parent2,7712,7402,7412,7752,8182,8952,975
Common stock1111111
Treasury stock, value(635)(635)(635)(597)(553)(486)(429)
Additional paid in capital3,3943,3853,3703,3493,3323,3233,317
Accumulated other comprehensive income (loss)(0)(4)1(2)2(0)2
Retained earnings (accumulated deficit)13(6)525365884
Total stockholders' equity:2,7712,7402,7412,7752,8182,8952,975
TOTAL LIABILITIES AND EQUITY:3,9013,8803,8563,8593,9224,0073,936

Income statement (P&L) ($ in millions)

6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
Revenues351322323317313308310
Cost of revenue
(Cost of Goods and Services Sold)
(93)(85)(84)(81)(81)(78)(73)
Gross profit:257238239236232230237
Operating expenses(225)(252)(236)(230)(236)(237)(218)
Operating income (loss):32(14)36(4)(7)19
Nonoperating income (expense)(0)1(0)0000
Investment income, nonoperating0000010
Other nonoperating income (expense)(0)0(0)0(0)(0)(0)
Interest and debt expense(1)(2)(2)(2)(2)(2)(2)
Income (loss) from continuing operations before income taxes:31(15)15(6)(9)18
Income tax expense (benefit)(12)4(5)1(1)(0)8
Net income (loss) available to common stockholders, diluted:19(11)(4)5(7)(9)25

Comprehensive Income ($ in millions)

6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
Net income (loss):19(11)(4)5(7)(9)25
Comprehensive income (loss):19(11)(4)5(7)(9)25
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3(4)3(4)3(3)(4)
Comprehensive income (loss), net of tax, attributable to parent:22(16)(1)1(4)(12)22

Statements sources

The financial statements are based on the company's filings with the 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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