Premiere Global Services Inc (PGI) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
3280 PEACHTREE RD NE ATLANTA, GA 30305-2422 |
| State of Incorp. | GA |
| 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)
| 9/30/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 40,547 | 48,492 | 20,976 | |||
| Cash and cash equivalents | 40,220 | 44,955 | 20,976 | |||
| Short-term investments | 327 | 3,537 | ||||
| Restricted cash and investments | 400 | |||||
| Receivables | 81,514 | 78,481 | 75,149 | |||
| Prepaid expense | 2,325 | 2,979 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 18,245 | ||
| Income taxes receivable | ✕ | ✕ | 2,316 | 1,272 | ||
| Other current assets | 2,914 | 3,194 | ✕ | |||
| Other undisclosed current assets | 15,734 | 17,325 | 9,852 | |||
| Total current assets: | 143,434 | 152,787 | 125,494 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 100,954 | 105,724 | 104,613 | |||
| Long-term investments and receivables | 1,100 | 2,100 | ||||
| Long-term investments | 1,100 | 2,100 | ||||
| Intangible assets, net (including goodwill) | 488,766 | 420,019 | 305,157 | |||
| Goodwill | 386,416 | 341,382 | 297,773 | |||
| Intangible assets, net (excluding goodwill) | 102,350 | 78,637 | 7,384 | |||
| Other noncurrent assets | 20,734 | 17,621 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 7,942 | ||
| Other undisclosed noncurrent assets | 1,242 | (143) | 2,597 | |||
| Total noncurrent assets: | 612,796 | 545,321 | 420,309 | |||
| TOTAL ASSETS: | 756,230 | 698,108 | 545,803 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 126,666 | 112,730 | 95,486 | |||
| Interest and dividends payable | 2,442 | |||||
| Taxes payable | 19,779 | 13,838 | 5,449 | |||
| Employee-related liabilities | 9,427 | 12,496 | 9,778 | |||
| Accounts payable | 57,211 | 51,994 | 48,166 | |||
| Accrued liabilities | 37,807 | 34,402 | 32,093 | |||
| Debt | 1,971 | 1,719 | 3,137 | |||
| Restructuring reserve | 958 | ✕ | ✕ | |||
| Liability for uncertainty in income taxes | 2,700 | |||||
| Deferred revenue and credits | 10,538 | 6,874 | 10,202 | |||
| Deferred tax liabilities | 17 | 171 | 15 | |||
| Other undisclosed current liabilities | (22,407) | (17,266) | (21,640) | |||
| Total current liabilities: | 117,743 | 104,228 | 89,900 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 332,825 | 272,467 | 179,832 | |||
| Capital lease obligations | 1,930 | 2,328 | 1,770 | |||
| Other undisclosed long-term debt and lease obligation | 330,895 | 270,139 | 178,062 | |||
| Liabilities, other than long-term debt | 50,672 | 48,528 | 23,867 | |||
| Accounts payable and accrued liabilities | 23,219 | 29,570 | 15,541 | |||
| Deferred tax liabilities, net | 27,453 | 18,881 | 8,209 | |||
| Restructuring reserve | 77 | 117 | ||||
| Total noncurrent liabilities: | 383,497 | 320,995 | 203,699 | |||
| Total liabilities: | 501,240 | 425,223 | 293,599 | |||
| Equity | ||||||
| Equity, attributable to parent | 254,990 | 272,885 | 252,204 | |||
| Common stock | 475 | 483 | 477 | |||
| Additional paid in capital | 442,585 | 457,913 | 453,621 | |||
| Accumulated other comprehensive income (loss) | (6,545) | 11,169 | 13,102 | |||
| Accumulated deficit | (181,525) | (196,680) | (214,996) | |||
| Total equity: | 254,990 | 272,885 | 252,204 | |||
| TOTAL LIABILITIES AND EQUITY: | 756,230 | 698,108 | 545,803 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 567,071 | 526,865 | 505,281 | ||
| Cost of revenue | (232,563) | (225,994) | (215,154) | ||
| Gross profit: | 334,508 | 300,871 | 290,127 | ||
| Operating expenses | (761,179) | (692,287) | (658,987) | ||
| Other undisclosed operating income | 456,461 | 426,153 | 410,286 | ||
| Operating income: | 29,790 | 34,737 | 41,426 | ||
| Nonoperating expense | (8,051) | (6,821) | (7,926) | ||
| Other nonoperating income (expense) | 1,298 | 214 | (808) | ||
| Interest and debt expense | (9,378) | (7,152) | (7,167) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 9,378 | 7,152 | 7,167 | ||
| Income from continuing operations before income taxes: | 21,739 | 27,916 | 33,500 | ||
| Income tax expense | (4,296) | (9,062) | (5,445) | ||
| Income from continuing operations: | 17,443 | 18,854 | 28,055 | ||
| Income before gain (loss) on sale of properties: | 17,064 | 18,316 | 27,590 | ||
| Loss from discontinued operations | (379) | (538) | (465) | ||
| Net income available to common stockholders, diluted: | 17,064 | 18,316 | 27,590 | ||
Comprehensive Income ($ in thousands)
| 9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income: | 17,064 | 18,316 | 27,590 | ||
| Other comprehensive income (loss) | (17,714) | (1,933) | 2,293 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (650) | 16,383 | 29,883 | ||
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.