Ringcentral, Inc. (RNG) financial statements (2021 and earlier)

Company profile

Business Address 20 DAVIS DRIVE
BELMONT, CA 94002
State of Incorp.
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (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
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments640344566181160138142
Cash and cash equivalents640344566181160138113
Short-term investments      28
Receivables176130944530199
Inventory, net of allowances, customer advances and progress billings1000022
Inventory1000022
Prepaid expense18161514   
Contract with customer, asset  23
Other current assets27998   
Other undisclosed current assets6437  15127
Total current assets:926536708248206171160
Noncurrent Assets
Operating lease, right-of-use asset5139
Property, plant and equipment142897043322826
Long-term investments and receivables213132     
Long-term investments213132     
Intangible assets, net (including goodwill)17618351111213 
Goodwill575531999 
Intangible assets, net (excluding goodwill)11812719123 
Contract with customer, asset, net  56
Other noncurrent assets910103333
Other undisclosed noncurrent assets668462     
Total noncurrent assets:1,25891518757474429
TOTAL ASSETS:2,1851,451894305253215188
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26517311162564046
Accounts payable5435107854
Accrued liabilities21113910155483529
Employee-related liabilities      8
Taxes payable      5
Deferred revenue142107
Debt31   15417
Deferred revenue and credits64453726
Other undisclosed current liabilities  89   (13)
Total current liabilities:4382811991271168176
Noncurrent Liabilities
Long-term debt and lease obligation1,414415367 0158
Long-term debt, excluding current maturities1,375387367 0158
Capital lease obligations   01
Operating lease, liability3929
Liabilities, other than long-term debt209116353
Other liabilities209116353
Other undisclosed noncurrent liabilities    344
Total noncurrent liabilities:1,434424377672416
Total liabilities:1,87270557713312310592
Temporary equity, carrying amount4      
Stockholders' equity
Stockholders' equity attributable to parent, including:30874631817213011097
Additional paid in capital6741,033551435367320275
Accumulated other comprehensive income (loss)722331(0)
Accumulated deficit(372)(289)(236)(266)(240)(210)(178)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:30874631817213011097
TOTAL LIABILITIES AND EQUITY:2,1851,451894305253215188

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,184903674502380296220
Revenue, net502380296220
Cost of revenue(324)(231)(157)(121)(92)(87)(77)
Cost of goods and services sold(324)(231)(157)(89)(73)(87)(77)
Other cost of operating revenue   (32)(19)  
Gross profit:860672516380288209143
Operating expenses(973)(717)(533)(408)(313)(240)(188)
Operating loss:(113)(46)(16)(27)(26)(31)(45)
Nonoperating income (expense)31(11)(10)1(3)(2)(3)
Other nonoperating income (expense)80961(2)(1)(1)
Interest and debt expense(13)(21)(16)(0)(1)(1)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes      2
Loss from continuing operations before equity method investments, income taxes:(95)(77)(42)(26)(30)(34)(48)
Other undisclosed income from continuing operations before income taxes132116011 
Loss from continuing operations before income taxes:(82)(57)(26)(26)(29)(33)(48)
Income tax expense (benefit)(1)3(0)(0)(0)1(0)
Net loss available to common stockholders, diluted:(83)(54)(26)(26)(29)(32)(48)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(83)(54)(26)(26)(29)(32)(48)
Other comprehensive income (loss)  (1)02  
Comprehensive loss:(83)(54)(27)(26)(27)(32)(48)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5(0)   10
Comprehensive loss, net of tax, attributable to parent:(78)(54)(27)(26)(27)(31)(48)

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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