RigNet, Inc. (RNET) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
15115 PARK ROW BOULEVARD, SUITE 300 HOUSTON, TX 77084 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4899 - Communications Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 16,887 | 15,591 | 13,614 | 12,941 | 14,267 | |||
| Cash and cash equivalents | 16,887 | 15,591 | 13,614 | 12,941 | 14,267 | |||
| Restricted cash and investments | 1,500 | 40 | 42 | 39 | ||||
| Receivables | 58,583 | 69,960 | 63,529 | 67,059 | 61,895 | |||
| Contract with customer, asset | 14,421 | 13,030 | 15,848 | 13,275 | 11,589 | |||
| Other undisclosed current assets | 5,141 | 6,437 | 6,046 | 6,500 | 6,795 | |||
| Total current assets: | 96,532 | 105,018 | 99,077 | 99,817 | 94,585 | |||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset | 6,193 | 6,175 | 6,660 | 6,829 | 3,891 | |||
| Operating lease, right-of-use asset | 3,900 | |||||||
| Property, plant and equipment | 51,005 | 54,163 | 57,297 | 60,118 | 60,283 | |||
| Intangible assets, net (including goodwill) | 40,374 | 45,760 | 47,335 | 76,937 | 75,567 | |||
| Goodwill | 19,982 | 20,134 | 20,464 | 46,792 | 45,484 | |||
| Intangible assets, net (excluding goodwill) | 20,392 | 25,626 | 26,871 | 30,145 | 30,083 | |||
| Restricted cash and investments | 1,500 | 1,523 | 1,522 | 1,522 | ||||
| Other undisclosed noncurrent assets | 5,378 | 5,417 | 5,702 | 5,757 | 3,412 | |||
| Total noncurrent assets: | 102,950 | 113,015 | 118,517 | 151,163 | 148,575 | |||
| TOTAL ASSETS: | 199,482 | 218,033 | 217,594 | 250,980 | 243,160 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 39,277 | 43,657 | 43,307 | 47,826 | 45,223 | |||
| Accounts payable | 21,226 | 23,670 | 23,252 | 28,517 | 26,624 | |||
| Accrued liabilities | 16,828 | 17,523 | 17,635 | 16,660 | 16,810 | |||
| Taxes payable | 1,223 | 2,464 | 2,420 | 2,649 | 1,789 | |||
| Deferred revenue | 600 | 1,600 | 1,300 | 1,200 | ||||
| Debt | 8,836 | 8,792 | 8,747 | 10,793 | 10,795 | |||
| Other undisclosed current liabilities | 18,521 | 6,590 | 11,416 | 11,923 | 10,447 | |||
| Total current liabilities: | 67,234 | 60,639 | 64,770 | 70,542 | 67,665 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 100,241 | 106,161 | 105,087 | 96,934 | 103,641 | |||
| Long-term debt, excluding current maturities | 100,241 | 106,161 | 105,087 | 96,934 | ||||
| Finance lease, liability | 5,764 | 5,830 | 6,166 | 6,329 | 3,576 | |||
| Operating lease, liability | 5,764 | 5,830 | 6,166 | 6,329 | 3,576 | |||
| Other undisclosed long-term debt and lease obligation | (11,528) | (11,660) | (12,332) | (12,658) | 96,489 | |||
| Liabilities, other than long-term debt | 19,060 | 33,159 | 23,467 | 27,626 | 21,882 | |||
| Deferred revenue | 767 | 764 | 853 | 855 | 180 | |||
| Deferred income tax liabilities | 1,989 | 1,955 | ||||||
| Other liabilities | 16,304 | 30,440 | 22,614 | 26,771 | 21,702 | |||
| Other undisclosed noncurrent liabilities | 5,764 | 5,830 | 8,200 | 9,001 | 6,465 | |||
| Total noncurrent liabilities: | 125,065 | 145,150 | 136,754 | 133,561 | 131,988 | |||
| Total liabilities: | 192,299 | 205,789 | 201,524 | 204,103 | 199,653 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 7,105 | 12,105 | 16,001 | 46,723 | 43,438 | |||
| Common stock | 21 | 21 | 20 | 20 | 20 | |||
| Treasury stock, value | (3,285) | (3,281) | (3,271) | (2,693) | (2,682) | |||
| Additional paid in capital | 189,753 | 189,251 | 188,425 | 184,571 | 183,081 | |||
| Accumulated other comprehensive loss | (27,011) | (27,050) | (26,659) | (19,502) | (21,831) | |||
| Accumulated deficit | (152,373) | (146,836) | (142,514) | (115,673) | (115,150) | |||
| Stockholders' equity attributable to noncontrolling interest | 78 | 139 | 69 | 154 | 69 | |||
| Total stockholders' equity: | 7,183 | 12,244 | 16,070 | 46,877 | 43,507 | |||
| TOTAL LIABILITIES AND EQUITY: | 199,482 | 218,033 | 217,594 | 250,980 | 243,160 | |||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | ||
|---|---|---|---|---|---|---|---|
| Revenues | (160,874) | 48,722 | 53,391 | 58,761 | 64,096 | 60,993 | |
| Cost of revenue | (29,995) | (37,603) | (37,950) | (45,464) | (35,662) | ||
| Cost of goods and services sold | (29,995) | (33,687) | (37,950) | (41,116) | (35,662) | ||
| Gross profit: | 18,727 | 15,788 | 20,811 | 18,632 | 25,331 | ||
| Operating expenses | (21,768) | (18,573) | (46,713) | (13,019) | (22,333) | ||
| Operating income (loss): | (3,041) | (2,785) | (25,902) | 5,613 | 2,998 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (416) | (13) | (321) | 494 | (486) | ||
| Interest and debt expense | (1,315) | (1,325) | (1,528) | (1,667) | (1,784) | ||
| Income (loss) from continuing operations before income taxes: | (4,772) | (4,123) | (27,751) | 4,440 | 728 | ||
| Income tax expense (benefit) | (695) | (129) | 980 | (4,877) | (998) | ||
| Net loss: | (5,467) | (4,252) | (26,771) | (437) | (270) | ||
| Net loss attributable to noncontrolling interest | (70) | (70) | (70) | (86) | (224) | ||
| Net loss available to common stockholders, diluted: | (5,537) | (4,322) | (26,841) | (523) | (494) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (5,467) | (4,252) | (26,771) | (437) | (270) | ||
| Other undisclosed comprehensive income (loss) | 39 | (391) | (7,157) | 2,329 | (2,913) | ||
| Comprehensive income (loss): | (5,428) | (4,643) | (33,928) | 1,892 | (3,183) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (70) | (70) | (70) | (86) | (224) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (5,498) | (4,713) | (33,998) | 1,806 | (3,407) | ||
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.