McAfee Corp. (MCFE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
6220 AMERICA CENTER DRIVE SAN JOSE, CA 95002 |
| 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)Annual | Quarterly
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 848,000 | 420,000 | 346,000 | 231,000 | 348,000 | |||
| Cash and cash equivalents | 848,000 | 420,000 | 346,000 | 231,000 | 348,000 | |||
| Receivables | 124,000 | 95,000 | 76,000 | 392,000 | 311,000 | |||
| Deferred costs | 171,000 | 163,000 | 155,000 | 233,000 | 216,000 | |||
| Disposal group, including discontinued operation | 116,000 | 317,000 | 312,000 | |||||
| Asset, held-for-sale, not part of disposal group | 31,000 | |||||||
| Other current assets | 36,000 | 44,000 | 44,000 | 58,000 | 77,000 | |||
| Total current assets: | 1,326,000 | 1,039,000 | 933,000 | 914,000 | 952,000 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 55,000 | 103,000 | 111,000 | 149,000 | 154,000 | |||
| Intangible assets, net (including goodwill) | 1,613,000 | 1,649,000 | 1,684,000 | 4,075,000 | 4,179,000 | |||
| Goodwill | 1,018,000 | 1,018,000 | 1,018,000 | 2,431,000 | 2,431,000 | |||
| Intangible assets, net (excluding goodwill) | 595,000 | 631,000 | 666,000 | 1,644,000 | 1,748,000 | |||
| Disposal group, including discontinued operation, noncurrent assets | 2,528,000 | 2,524,000 | ||||||
| Deferred income tax assets | 398,000 | 25,000 | 24,000 | 67,000 | 59,000 | |||
| Other noncurrent assets | 92,000 | 93,000 | 86,000 | 223,000 | 209,000 | |||
| Total noncurrent assets: | 2,158,000 | 4,398,000 | 4,429,000 | 4,514,000 | 4,601,000 | |||
| TOTAL ASSETS: | 3,484,000 | 5,437,000 | 5,362,000 | 5,428,000 | 5,553,000 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 677,000 | 486,000 | 474,000 | 601,000 | 463,000 | |||
| Taxes payable | 207,000 | 18,000 | 9,000 | 14,000 | 13,000 | |||
| Employee-related liabilities | 66,000 | 117,000 | 118,000 | 197,000 | 150,000 | |||
| Accounts payable | 303,000 | 257,000 | 239,000 | 266,000 | 195,000 | |||
| Accrued liabilities | 101,000 | 94,000 | 108,000 | 124,000 | 105,000 | |||
| Deferred revenue | 953,000 | 926,000 | 915,000 | 1,715,000 | 1,605,000 | |||
| Debt | 44,000 | 44,000 | 44,000 | 44,000 | 44,000 | |||
| Disposal group, including discontinued operation | 925,000 | 947,000 | ||||||
| Other undisclosed current liabilities | 50,000 | 9,000 | 10,000 | 25,000 | 22,000 | |||
| Total current liabilities: | 1,724,000 | 2,390,000 | 2,390,000 | 2,385,000 | 2,134,000 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 2,924,000 | 3,904,000 | 3,893,000 | 3,943,000 | 4,698,000 | |||
| Long-term debt, excluding current maturities | 2,889,000 | 3,904,000 | 3,893,000 | 3,943,000 | 4,698,000 | |||
| Liabilities, other than long-term debt | 244,000 | 847,000 | 862,000 | 900,000 | 1,044,000 | |||
| Deferred revenue | 91,000 | 93,000 | 92,000 | 684,000 | 661,000 | |||
| Deferred income tax liabilities | 17,000 | 7,000 | 6,000 | 12,000 | 165,000 | |||
| Disposal group, including discontinued operation, liabilities | 609,000 | 630,000 | ||||||
| Other liabilities | 136,000 | 138,000 | 134,000 | 204,000 | 218,000 | |||
| Operating lease, liability | 35,000 | |||||||
| Other undisclosed noncurrent liabilities | 357,000 | |||||||
| Total noncurrent liabilities: | 3,525,000 | 4,751,000 | 4,755,000 | 4,843,000 | 5,742,000 | |||
| Total liabilities: | 5,249,000 | 7,141,000 | 7,145,000 | 7,228,000 | 7,876,000 | |||
| Temporary equity, carrying amount | 5,836,000 | 7,687,000 | 6,177,000 | 4,840,000 | 41,000 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | (7,601,000) | (9,391,000) | (7,960,000) | (6,640,000) | (2,364,000) | |||
| Additional paid in capital | (7,571,000) | (9,306,000) | (7,835,000) | (6,477,000) | ||||
| Accumulated other comprehensive loss | (30,000) | (33,000) | (37,000) | (45,000) | (137,000) | |||
| Retained earnings (accumulated deficit) | (52,000) | (88,000) | (118,000) | (1,354,000) | ||||
| Other undisclosed equity, attributable to parent | (873,000) | |||||||
| Total equity: | (7,601,000) | (9,391,000) | (7,960,000) | (6,640,000) | (2,364,000) | |||
| TOTAL LIABILITIES AND EQUITY: | 3,484,000 | 5,437,000 | 5,362,000 | 5,428,000 | 5,553,000 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 491,000 | 467,000 | 442,000 | 777,000 | 728,000 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (118,000) | (116,000) | (116,000) | (256,000) | (209,000) | ||
| Gross profit: | 373,000 | 351,000 | 326,000 | 521,000 | 519,000 | ||
| Operating expenses | (230,000) | (195,000) | (221,000) | (696,000) | (391,000) | ||
| Operating income (loss): | 143,000 | 156,000 | 105,000 | (175,000) | 128,000 | ||
| Nonoperating income (expense) | 306,000 | (20,000) | 35,000 | (55,000) | (43,000) | ||
| Gain (loss), foreign currency transaction, before tax | 14,000 | (20,000) | 35,000 | (55,000) | (43,000) | ||
| Other nonoperating income | 292,000 | ||||||
| Interest and debt expense | (61,000) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 388,000 | 136,000 | 140,000 | (230,000) | 85,000 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (584,000) | (58,000) | (60,000) | (85,000) | (73,000) | ||
| Income (loss) from continuing operations before income taxes: | (196,000) | 78,000 | 80,000 | (315,000) | 12,000 | ||
| Income tax expense (benefit) | 166,000 | (10,000) | 3,000 | (5,000) | (12,000) | ||
| Income (loss) from continuing operations: | (30,000) | 68,000 | 83,000 | (320,000) | |||
| Income (loss) before gain (loss) on sale of properties: | 2,390,000 | 108,000 | 94,000 | (320,000) | ✕ | ||
| Income (loss) from discontinued operations | 2,420,000 | 40,000 | 11,000 | ||||
| Net income (loss): | 2,390,000 | 108,000 | 94,000 | (320,000) | |||
| Net loss attributable to noncontrolling interest | (1,648,000) | (72,000) | (64,000) | ||||
| Other undisclosed net income attributable to parent | 171,000 | ||||||
| Net income (loss) available to common stockholders, basic: | 742,000 | 36,000 | 30,000 | (149,000) | |||
| Other undisclosed net income (loss) available to common stockholders, diluted | 2,000 | 2,000 | (198,000) | ||||
| Net income (loss) available to common stockholders, diluted: | 742,000 | 38,000 | 32,000 | (347,000) | |||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,390,000 | 108,000 | 94,000 | (320,000) | |||
| Other comprehensive income | 22,000 | 6,000 | |||||
| Other undisclosed comprehensive income | 12,000 | 12,000 | 16,000 | ||||
| Comprehensive income (loss): | 2,402,000 | 120,000 | 116,000 | (304,000) | 6,000 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1,655,000) | (80,000) | (78,000) | 234,000 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 747,000 | 40,000 | 38,000 | (70,000) | 6,000 | ||
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.