Rambus, Inc. (RMBS) Financial Statements (2024 and earlier)

Company Profile

Business Address 4453 NORTH FIRST STREET, SUITE 100
SAN JOSE, CA 95134
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments313,226485,609136,146102,176115,924329,376
Cash and cash equivalents125,334107,891136,146102,176115,924225,844
Short-term investments187,892377,718   103,532
Restricted cash and investments 360373357342  
Receivables181,066179,673163,800228,405227,47625,892
Inventory, net of allowances, customer advances and progress billings20,9008,48214,46610,0866,7725,159
Inventory20,9008,48214,46610,0866,7725,159
Other undisclosed current assets11,66210,227382,053323,670177,57811,317
Total current assets:527,214684,364696,822664,679527,750371,744
Noncurrent Assets
Operating lease, right-of-use asset24,14323,71228,708 
Property, plant and equipment86,25556,03557,69344,71457,02854,303
Long-term investments and receivables  1,8002,8003,6003,300 
Long-term investments  1,8002,8003,6003,300 
Intangible assets, net (including goodwill)342,920337,230219,709238,365267,114301,383
Goodwill292,040278,810183,222183,465207,178209,661
Intangible assets, net (excluding goodwill)50,88058,42036,48754,90059,93691,722
Contract with customer, asset, after allowance for credit loss25,222123,018232,056343,703497,003
Deferred income tax assets 3,031   
Other noncurrent assets3,8094,2404,5355,9317,8254,543
Other undisclosed noncurrent assets 2,2471,55337,9941,135159,099
Total noncurrent assets:485,380548,282547,054674,307833,405519,328
TOTAL ASSETS:1,012,5941,232,6461,243,8761,338,9861,361,155891,072
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities87,44672,83370,94267,87549,91136,119
Taxes payable20,60720,06419,14216,390 
Employee-related liabilities20,94523,32620,29116,93817,091
Accounts payable24,81511,2798,9939,5497,3929,614
Accrued liabilities62,63120,00218,55918,8939,1919,414
Deferred revenue23,86124,75510,198 
Debt 10,378163,687   78,451
Deferred revenue and credits18,272
Other undisclosed current liabilities5,0245,9924,72418,30419,374 
Total current liabilities:126,709267,26785,86486,17969,285132,842
Noncurrent Liabilities
Long-term debt and lease obligation  29,099190,336148,788141,934135,447
Long-term debt, excluding current maturities   156,031148,788141,934135,447
Liabilities, other than long-term debt106,58849,89948,22793,212101,52713,937
Accounts payable and accrued liabilities5,89221,42441,33360,09477,280 
Deferred tax liabilities, net13,84618,9609,830
Deferred income tax liabilities 24,964   
Other liabilities46,65328,4756,89419,2725,2874,107
Operating lease, liability29,07929,09934,305 
Other undisclosed noncurrent liabilities 23,98514,33639,88936,29737,262
Total noncurrent liabilities:106,588102,983252,899281,889279,758186,646
Total liabilities:233,297370,250338,763368,068349,043319,488
Equity
Equity, attributable to parent779,297862,396905,113970,9181,012,112571,584
Common stock108109112112109110
Additional paid in capital1,297,4081,298,9661,270,4261,261,1421,226,5881,212,798
Accumulated other comprehensive loss(4,963)(1,452)(81)(92)(10,291)(5,097)
Accumulated deficit(513,256)(435,227)(365,344)(290,244)(204,294)(636,227)
Total equity:779,297862,396905,113970,9181,012,112571,584
TOTAL LIABILITIES AND EQUITY:1,012,5941,232,6461,243,8761,338,9861,361,155891,072

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues454,793328,304242,747224,027231,201393,096
Revenue, net393,096
Cost of revenue(107,579)(70,394)(60,748)(24,219)(35,402)(55,364)
Cost of goods and services sold    (27,156)(18,299)(23,783)
Gross profit:347,214257,910181,999199,808195,799337,732
Operating expenses(270,272)(233,629)(228,806)(286,967)(294,203)(260,075)
Other undisclosed operating income (loss)    (17,380)11,437(23,250)
Operating income (loss):76,94224,281(46,807)(104,539)(86,967)54,407
Nonoperating income (expense)(84,767)(995)7,17617,52316,339(13,418)
Investment income, nonoperating   (7,439)  
Other nonoperating income7,771     
Interest and debt expense(83,626)(10,706)(10,340)(9,852)(16,282)(1,082)
Other undisclosed income from continuing operations before equity method investments, income taxes83,62610,70610,3409,85216,2821,082
Income (loss) from continuing operations before equity method investments, income taxes:(7,825)23,286(39,631)(87,016)(70,628)40,989
Income from equity method investments      
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(7,825)23,286(39,631)(87,016)(70,628)40,989
Income tax expense (benefit)(6,485)(4,952)(3,978)(3,403)(87,329)(63,851)
Income (loss) from continuing operations:(14,310)18,334(43,609)(90,419)(157,957)(22,862)
Income (loss) before gain (loss) on sale of properties:18,334(43,609)(90,419)(157,957)(22,862)
Net income (loss) available to common stockholders, diluted:(14,310)18,334(43,609)(90,419)(157,957)(22,862)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(14,310)18,334(43,609)(90,419)(157,957)(22,862)
Comprehensive income (loss):(14,310)18,334(43,609)(90,419)(157,957)(22,862)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,511)(1,371)1110,199(5,194)8,411
Comprehensive income (loss), net of tax, attributable to parent:(17,821)16,963(43,598)(80,220)(163,151)(14,451)

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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