Ribbon Communications Inc. (RBBN) Financial Statements (2024 and earlier)

Company Profile

Business Address 6500 CHASE OAKS BOULEVARD
PLANO, TX 75023
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,64645,85867,10155,67036,22792,838
Cash and cash equivalents34,64645,85867,10155,67036,22792,838
Restricted cash and investments  1761612652,0372,627
Receivables253,045255,146267,244237,834258,116220,964
Inventory, net of allowances, customer advances and progress billings74,38275,64175,42370,28664,64861,578
Inventory74,38275,64175,42370,28664,64861,578
Other current assets58,86952,81568,05758,34454,39544,723
Total current assets:420,942429,636477,986422,399415,423422,730
Noncurrent Assets
Inventory, Noncurrent14,21413,95711,91410,84510,3618,473
Finance lease, right-of-use asset, after accumulated amortization    43107195
Operating lease, right-of-use asset42,39043,37844,88848,07946,95149,549
Intangible assets, net (including goodwill)566,268580,967595,620610,589620,679636,080
Goodwill300,892300,892300,892300,892300,892300,892
Intangible assets, net (excluding goodwill)265,376280,075294,728309,697319,787335,188
Regulated entity, other noncurrent assets      
Deferred income tax assets   53,649   
Other noncurrent assets28,34928,36538,58940,12937,63637,006
Other undisclosed noncurrent assets95,03395,35732,91892,55199,517110,122
Total noncurrent assets:746,254762,024777,578802,236815,251841,425
TOTAL ASSETS:1,167,1961,191,6601,255,5641,224,6351,230,6741,264,155
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities191,260186,008181,080102,478133,841192,421
Employee-related liabilities29,46031,323
Accounts payable93,64084,00895,81073,018102,51897,837
Accrued liabilities97,620102,00085,270  94,584
Deferred revenue113,915121,761113,93990,139106,463109,084
Debt25,07320,05820,05820,05820,05820,456
Restructuring reserve3,3004,1001,300   
Other undisclosed current liabilities12,04010,87314,11685,41884,70616,224
Total current liabilities:345,588342,800330,493298,093345,068338,185
Noncurrent Liabilities
Long-term debt and lease obligation216,332225,764306,270359,907363,316381,952
Long-term debt, excluding current maturities216,332225,764306,270310,770315,264330,353
Liabilities, other than long-term debt97,56998,718100,37477,46670,94669,606
Deferred revenue20,04518,35619,25422,18519,58419,312
Deferred income tax liabilities3,7563,7573,75011,6798,1178,104
Restructuring reserve1,3001,900    
Other liabilities30,64131,33831,18743,60243,24542,190
Operating lease, liability41,82743,36746,18349,13748,05251,599
Other undisclosed noncurrent liabilities53,46051,450    
Total noncurrent liabilities:367,361375,932406,644437,373434,262451,558
Total liabilities:712,949718,732737,137735,466779,330789,743
Equity
Equity, attributable to parent454,247472,928518,427489,169451,344474,412
Common stock171717171515
Additional paid in capital1,950,0791,945,5251,941,5691,936,4571,881,9421,877,677
Accumulated other comprehensive income17,67919,43530,58526,92725,20322,356
Accumulated deficit(1,513,528)(1,492,049)(1,453,744)(1,474,232)(1,455,816)(1,425,636)
Total equity:454,247472,928518,427489,169451,344474,412
TOTAL LIABILITIES AND EQUITY:1,167,1961,191,6601,255,5641,224,6351,230,6741,264,155

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues210,618186,159233,639207,127205,796173,198
Cost of revenue
(Cost of Goods and Services Sold)
(109,148)(104,757)(119,626)(102,809)(101,246)(95,143)
Gross profit:101,47081,402114,013104,318104,55078,055
Operating expenses(108,092)(116,591)(112,748)(107,614)(111,789)(117,109)
Operating income (loss):(6,622)(35,189)1,265(3,296)(7,239)(39,054)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2,688)4,772(1,735)(3,732)(10,228)(28,800)
Interest and debt expense   (1)(2)(4)(6)
Loss from continuing operations before equity method investments, income taxes:(9,310)(30,417)(471)(7,030)(17,471)(67,860)
Other undisclosed loss from continuing operations before income taxes(6,766)(6,422)(5,910)(5,264)(4,598)(3,995)
Loss from continuing operations before income taxes:(16,076)(36,839)(6,381)(12,294)(22,069)(71,855)
Income tax expense (benefit)(5,403)(1,466)26,869(6,122)(8,111)1,880
Income (loss) from continuing operations:(21,479)(38,305)20,488(18,416)(30,180)(69,975)
Loss before gain (loss) on sale of properties:(18,416)(30,180)(69,975)
Net income (loss) available to common stockholders, diluted:(21,479)(38,305)20,488(18,416)(30,180)(69,975)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(21,479)(38,305)20,488(18,416)(30,180)(69,975)
Other undisclosed comprehensive income   2,512   
Comprehensive income (loss):(21,479)(38,305)23,000(18,416)(30,180)(69,975)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,756)(11,150)1,1461,7242,84714,778
Comprehensive income (loss), net of tax, attributable to parent:(23,235)(49,455)24,146(16,692)(27,333)(55,197)

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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