Quantum Corporation (QMCO) Financial Statements (2023 and earlier)

Company Profile

Business Address 224 AIRPORT PARKWAY
SAN JOSE, CA 95110
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 3572 - Computer Storage Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2022
12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:5,2104,00427,4306,44010,79034,79036,658
Cash and cash equivalents5,2104,00427,4306,44010,79012,95833,870
Other undisclosed cash, cash equivalents, and short-term investments     21,8322,788
Restricted cash and investments2833317078301,0651,8322,788
Receivables69,35466,07073,10270,37086,828116,056105,959
Prepaid expense7,853      
Other current assets4,69714,0826,9398,48918,0959,9696,953
Other undisclosed current assets57,80056,44447,88849,69837,51025,67859,233
Total current assets:145,197140,931156,066135,827154,288188,325211,591
Noncurrent Assets
Operating lease, right-of-use asset11,1073,4839,38312,689
Property, plant and equipment12,85313,02010,0519,0468,43711,18612,939
Intangible assets, net (including goodwill)22,55321,0008,503 34276451
Goodwill12,96910,2623,466    
Intangible assets, net (excluding goodwill)9,58410,7385,037 34276451
Restricted cash and investments  5,0005,0005,00020,000 
Other noncurrent assets9,9259,2025,9213,4335,1125,2404,565
Total noncurrent assets:56,43846,70538,85830,16818,58336,70217,955
TOTAL ASSETS:201,635187,636194,924165,995172,871225,027229,546
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities66,92373,68572,63369,44183,53781,97686,116
Accounts payable34,22042,04135,24536,94937,39541,61146,136
Accrued liabilities16,56215,45118,17417,53529,02516,26117,236
Employee-related liabilities16,14116,19319,21414,95717,11724,10422,744
Deferred revenue86,51778,11584,02781,492
Debt4,3753,7501,8507,3211,65062,8273,000
Restructuring reserve 597580 2,8768691,621
Deferred revenue and credits84,68388,919
Other undisclosed current liabilities    90,407  
Total current liabilities:157,815156,147159,090158,254178,470230,355179,656
Noncurrent Liabilities
Long-term debt and lease obligation27,6262,7148,005157,669145,62165,02869,253
Long-term debt, excluding current maturities17,735  146,847145,62165,02869,253
Operating lease, liability9,8912,7148,00510,822
Liabilities, other than long-term debt53,42953,63049,18448,59711,82745,64344,867
Deferred revenue and credits37,64235,427
Deferred revenue41,58041,19036,12637,443
Restructuring reserve     4811,116
Other liabilities11,84912,44013,05811,15411,8277,5208,324
Other undisclosed noncurrent liabilities89,44897,92890,890 36,733 62,709
Total noncurrent liabilities:170,503154,272148,079206,266194,181110,671176,829
Total liabilities:328,318310,419307,169364,520372,651341,026356,485
Stockholders' equity
Stockholders' equity attributable to parent(126,683)(122,783)(112,245)(198,525)(199,780)(115,999)(126,939)
Common stock6055995703993603412,662
Additional paid in capital645,038640,839626,664505,762499,224473,850464,549
Accumulated other comprehensive income (loss)(1,423)(1,132)(856)(1,522)(1,410)3,1053,844
Accumulated deficit(770,903)(763,089)(738,623)(703,164)(697,954)(593,295)(597,994)
Total stockholders' equity:(126,683)(122,783)(112,245)(198,525)(199,780)(115,999)(126,939)
TOTAL LIABILITIES AND EQUITY:201,635187,636194,924165,995172,871225,027229,546

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

3/31/2022
12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2017
3/31/2016
Revenues372,827312,465349,576402,949402,680505,345475,958
Revenue, net505,345475,958
Cost of revenue(225,792)(187,262)(198,823)(230,441)(235,066)(291,921)(271,206)
Cost of goods and services sold(225,792)(187,262)(198,823)(230,441)(4,266)(291,921)(271,206)
Gross profit:147,035125,203150,753172,508167,614213,424204,752
Operating expenses(160,875)(143,642)(142,350)(151,304)(172,360)(201,276)(270,850)
Operating income (loss):(13,840)(18,439)8,40321,204(4,746)12,148(66,098)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(251)(1,088)(1,312)(261)(2,878)562(191)
Interest and debt expense(16,848)(37,579)(42,311)(25,350)(3,637)(7,953)(7,211)
Income (loss) from continuing operations before equity method investments, income taxes:(30,939)(57,106)(35,220)(4,407)(11,261)4,757(73,500)
Other undisclosed loss from continuing operations before income taxes    (29,160)  
Income (loss) from continuing operations before income taxes:(30,939)(57,106)(35,220)(4,407)(40,421)4,757(73,500)
Income tax expense(1,341)(1,446)(239)(803)(2,376)(1,112)(1,183)
Net income (loss) available to common stockholders, diluted:(32,280)(58,552)(35,459)(5,210)(42,797)3,645(74,683)

Comprehensive Income ($ in thousands)

3/31/2022
12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2017
3/31/2016
Net income (loss):(32,280)(58,552)(35,459)(5,210)(42,797)3,645(74,683)
Other comprehensive loss     (739)(36)
Comprehensive income (loss):(32,280)(58,552)(35,459)(5,210)(42,797)2,906(74,719)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(567)(59)666(112)(1,136)  
Comprehensive income (loss), net of tax, attributable to parent:(32,847)(58,611)(34,793)(5,322)(43,933)2,906(74,719)

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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