Premiere Global Services Inc (PGI) financial statements (2022 and earlier)

Company profile

Business Address 3280 PEACHTREE RD NE
ATLANTA, GA 30305-2422
State of Incorp. GA
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments40,54748,49220,976
Cash and cash equivalents40,22044,95520,976
Short-term investments3273,537 
Restricted cash and investments400  
Prepaid expense2,3252,979
Prepaid expense and other current assets18,245
Income taxes receivable2,3161,272
Other current assets2,9143,194
Other undisclosed current assets15,73417,3259,852
Total current assets:143,434152,787125,494
Noncurrent Assets
Property, plant and equipment100,954105,724104,613
Long-term investments and receivables1,1002,100 
Long-term investments1,1002,100 
Intangible assets, net (including goodwill)488,766420,019305,157
Intangible assets, net (excluding goodwill)102,35078,6377,384
Other noncurrent assets20,73417,621
Prepaid expense and other noncurrent assets7,942
Other undisclosed noncurrent assets1,242(143)2,597
Total noncurrent assets:612,796545,321420,309
TOTAL ASSETS:756,230698,108545,803
Current Liabilities
Accounts payable and accrued liabilities126,666112,73095,486
Accounts payable57,21151,99448,166
Accrued liabilities37,80734,40232,093
Employee-related liabilities9,42712,4969,778
Taxes payable19,77913,8385,449
Interest and dividends payable2,442  
Restructuring reserve958
Liability for uncertainty in income taxes  2,700
Deferred revenue and credits10,5386,87410,202
Deferred tax liabilities1717115
Other undisclosed current liabilities(22,407)(17,266)(21,640)
Total current liabilities:117,743104,22889,900
Noncurrent Liabilities
Long-term debt and lease obligation, including:332,825272,467179,832
Capital lease obligations1,9302,3281,770
Other undisclosed long-term debt and lease obligation330,895270,139178,062
Liabilities, other than long-term debt50,67248,52823,867
Accounts payable and accrued liabilities23,21929,57015,541
Deferred tax liabilities, net27,45318,8818,209
Restructuring reserve 77117
Total noncurrent liabilities:383,497320,995203,699
Total liabilities:501,240425,223293,599
Stockholders' equity
Stockholders' equity attributable to parent254,990272,885252,204
Common stock475483477
Additional paid in capital442,585457,913453,621
Accumulated other comprehensive income (loss)(6,545)11,16913,102
Accumulated deficit(181,525)(196,680)(214,996)
Total stockholders' equity:254,990272,885252,204
TOTAL LIABILITIES AND EQUITY:756,230698,108545,803

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

(Revenue, Net)
Cost of revenue(232,563)(225,994)(215,154)
Gross profit:334,508300,871290,127
Operating expenses(761,179)(692,287)(658,987)
Other undisclosed operating income456,461426,153410,286
Operating income:29,79034,73741,426
Nonoperating expense(8,051)(6,821)(7,926)
Other nonoperating income (expense)1,298214(808)
Interest and debt expense(9,378)(7,152)(7,167)
Other undisclosed income from continuing operations before equity method investments, income taxes9,3787,1527,167
Income from continuing operations before income taxes:21,73927,91633,500
Income tax expense(4,296)(9,062)(5,445)
Income from continuing operations:17,44318,85428,055
Loss from discontinued operations(379)(538)(465)
Net income available to common stockholders, diluted:17,06418,31627,590

Comprehensive Income ($ in thousands)

Net income:17,06418,31627,590
Other comprehensive income (loss)(17,714)(1,933)2,293
Comprehensive income (loss), net of tax, attributable to parent:(650)16,38329,883

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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