Rimini Street, Inc. (RMNI) financial statements (2021 and earlier)

Company profile

Business Address 3993 HOWARD HUGHES PARKWAY
LAS VEGAS, NV 89169
State of Incorp.
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 millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8838252201
Cash and cash equivalents8838252201
Restricted cash and investments000   
Receivables1181128164  
Prepaid expense13157900
Capitalized contract cost1412 
Other undisclosed current assets   18  
Total current assets:23317711311201
Noncurrent Assets
Operating lease, right-of-use asset18 
Property, plant and equipment5444  
Capitalized contract cost, net2116 
Deposits noncurrent assets1312  
Assets held-in-trust    173173
Deferred income tax assets2 
Deferred tax assets, net 1  
Other undisclosed noncurrent assets 114  
Total noncurrent assets:4724610173173
TOTAL ASSETS:280201119122173174
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6654595100
Accounts payable321310  
Accrued liabilities2123202300
Employee-related liabilities38282318  
Interest and dividends payable4 4   
Deferred revenue229 
Debt  216  
Derivative instruments and hedges, liabilities   2  
Due to related parties    10
Deferred revenue and credits152  
Contract with customer, liability206 
Other undisclosed current liabilities0 1778  
Total current liabilities:29525923922910
Noncurrent Liabilities
Long-term debt and lease obligation160267  
Long-term debt, excluding current maturities  267  
Capital lease obligations000  
Operating lease, liability16 
Liabilities, other than long-term debt3132 292 
Deferred revenue and credits29  
Deferred revenue28 
Contract with customer, liability30 
Due to related parties    2 
Other liabilities32    
Other undisclosed noncurrent liabilities113086 
Total noncurrent liabilities:4833321048 
Other undisclosed liabilities     6
Total liabilities:34329227033296
Temporary equity, carrying amount138131114 160162
Stockholders' equity
Stockholders' equity attributable to parent(201)(223)(266)(210)55
Common stock000000
Additional paid in capital101931089585
Accumulated other comprehensive loss(0)(1)(2)(1)  
Accumulated deficit(302)(315)(372)(304)(3)(0)
Total stockholders' equity:(201)(223)(266)(210)55
TOTAL LIABILITIES AND EQUITY:280201119122173174

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues327281253213  
Revenue, net213  
Cost of revenue
(Cost of Goods and Services Sold)
(126)(105)(96)(83)  
Gross profit:201176157130  
Operating expenses(183)(154)(131)(108)(3)(0)
Other undisclosed operating income    0 
Operating income (loss):18222522(3)(0)
Nonoperating income (expense)(0)(1)(2)000
Investment income, nonoperating    00
Other nonoperating income (expense)(0)(1)(2)0  
Interest and debt expense(0)(0)(91)(62)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  2(13)  
Income (loss) from continuing operations before income taxes:1820(66)(52)(3)(0)
Income tax expense(5)(3)(2)(1)  
Net income (loss):1318(68)(53)(3)(0)
Other undisclosed net loss attributable to parent    (0) 
Net income (loss) attributable to parent:1318(68)(53)(3)(0)
Preferred stock dividends and other adjustments(6)(6)(2)   
Other undisclosed net loss available to common stockholders, basic(21)(20)(8)   
Net loss available to common stockholders, diluted:(14)(8)(79)(53)(3)(0)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1318(68)(53)(3)(0)
Comprehensive income (loss):1318(68)(53)(3)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent10(1)0  
Comprehensive income (loss), net of tax, attributable to parent:1418(69)(53)(3)(0)

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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