Red Hat, Inc. (RHT) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 EAST DAVIE STREET
RALEIGH, NC 27601
State of Incorp. DE
Fiscal Year End February 28
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

5/31/2019
MRQ
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,6921,4851,4611,2091,263982
Cash and cash equivalents 1,3981,1671,0919281,047647
Short-term investments 293318370281215335
Restricted cash and investments  4    
Receivables 980807635510468361
Prepaid expense 283260201151151118
Deferred tax assets     (1)(1)
Other current assets 252619322
Other undisclosed current assets 485553  87109
Total current assets: 3,4643,1352,3161,8721,9701,571
Noncurrent Assets
Property, plant and equipment 199206190167172174
Long-term investments and receivables 249430672786546505
Long-term investments 249430672786546505
Intangible assets, net (including goodwill) 1,4831,5141,1781,1731,061821
Goodwill 1,2771,2891,0411,027927687
Intangible assets, net (excluding goodwill) 206225138146134133
Other noncurrent assets 828874455335
Deferred tax assets, net      (28)
Other undisclosed noncurrent assets 11393105111 28
Total noncurrent assets: 2,1252,3322,2192,2831,8331,535
TOTAL ASSETS: 5,5885,4674,5354,1553,8033,107
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 491427377285238179
Taxes payable 575844374019
Employee-related liabilities 277241212138126 
Accounts payable 755676633118
Accrued liabilities 11110 
Other undisclosed accounts payable and accrued liabilities 8170444640142
Debt 7024    
Deferred revenue and credits1,8541,5131,2731,095967
Contract with customer, liability 2,161
Other liabilities 011122
Total current liabilities: 2,7232,3051,8911,5591,3351,148
Noncurrent Liabilities
Long-term debt and lease obligation 232744746724715 
Long-term debt, excluding current maturities 232744746724715 
Liabilities, other than long-term debt 1,020947651538541491
Deferred revenue and credits741557450400333
Accounts payable and accrued liabilities     57 
Accrued income taxes46
Contract with customer, liability 821
Deferred tax liabilities, net     628
Other liabilities 19920594887785
Total noncurrent liabilities: 1,2521,6911,3971,2611,256491
Total liabilities: 3,9743,9963,2882,8212,5911,640
Equity
Equity, attributable to parent 1,6141,4701,2471,3341,2881,551
Common stock 000000
Treasury stock, value (3,189)(2,525)(2,312)(1,853)(1,515)(1,056)
Additional paid in capital 2,7922,4162,2942,1621,9641,892
Accumulated other comprehensive loss (43)(33)(88)(74)(61)(4)
Retained earnings 2,0541,6121,3531,100900720
Total equity: 1,6141,4701,2471,3341,2881,551
Other undisclosed liabilities and equity     (76)(84)
TOTAL LIABILITIES AND EQUITY: 5,5885,4674,5354,1553,8033,107

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

5/31/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Revenues 3,3622,9202,4122,0521,7891,535
Revenue, net2,9202,4122,0521,7891,535
Cost of revenue (498)(432)(354)(310)(273)(233)
Cost of goods and services sold  (432)(354)(310)(273)(233)
Gross profit: 2,8642,4892,0571,7431,5161,302
Operating expenses (2,352)(2,016)(1,725)(1,455)(1,266)(1,070)
Operating income: 512472332288250232
Nonoperating income 26271210157
Investment income, nonoperating 3118141287
Other nonoperating income (expense) (5)8(2)(2)71
Interest and debt expense (20)(25)(24)(23)(9) 
Income from continuing operations before income taxes: 518475320275255240
Income tax expense (84)(216)(66)(76)(75)(61)
Income from continuing operations: 434259254199180178
Income before gain (loss) on sale of properties: 434259254199180178
Net income available to common stockholders, diluted: 434259254199180178

Comprehensive Income ($ in millions)

5/31/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Net income: 434259254199180178
Other comprehensive income (loss) (10)56(14)(14)(56)4
Comprehensive income, net of tax, attributable to parent: 424315240186124182

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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