RingCentral Inc. (RNG) Financial Statements (2024 and earlier)

Company Profile

Business Address 20 DAVIS DRIVE
BELMONT, CA 94002
State of Incorp.
Fiscal Year End December 31
Industry (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 thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments222,195269,984267,162639,853343,606566,329
Cash and cash equivalents222,195269,984267,162639,853343,606566,329
Receivables364,438311,318232,842176,034129,99094,375
Inventory, net of allowances, customer advances and progress billings1,4921,2095,655551401199
Inventory1,4921,2095,655551401199
Prepaid expense32,44023,30626,25418,49716,24914,805
Contract with customer, asset, after allowance for credit loss      23,038
Other current assets43,46431,33416,25627,4688,7048,768
Other undisclosed current assets184,620158,865102,57263,72636,589 
Total current assets:848,649796,016650,741926,129535,539707,514
Noncurrent Assets
Operating lease, right-of-use asset42,98935,43347,29451,11539,269
Property, plant and equipment184,390185,400166,910142,20889,23070,205
Long-term investments and receivables  4,559210,445213,176132,188 
Long-term investments  4,559210,445213,176132,188 
Intangible assets, net (including goodwill)461,137582,386772,096175,626182,61650,718
Goodwill67,37054,33555,49057,31355,27831,238
Intangible assets, net (excluding goodwill)393,767528,051716,606118,313127,33819,480
Contract with customer, asset, after allowance for credit loss      55,735
Other noncurrent assets12,02431,2898,1058,5649,56110,154
Other undisclosed noncurrent assets395,724438,579723,448667,779462,344 
Total noncurrent assets:1,096,2641,277,6461,928,2981,258,468915,208186,812
TOTAL ASSETS:1,944,9132,073,6622,579,0392,184,5971,450,747894,326
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities378,927442,834349,820264,697173,341110,832
Accounts payable53,29562,72170,02254,04334,61210,145
Accrued liabilities325,632380,113279,798210,654138,729100,687
Deferred revenue233,619209,725176,450142,223107,372
Debt20,000  31,148  
Other undisclosed current liabilities      88,527
Total current liabilities:632,546652,559526,270438,068280,713199,359
Noncurrent Liabilities
Long-term debt and lease obligation1,525,4821,638,4111,430,3011,414,042415,405366,552
Long-term debt, excluding current maturities1,525,4821,638,4111,398,4891,375,320386,889366,552
Liabilities, other than long-term debt90,00566,03084,05220,2418,92910,806
Other liabilities61,82745,84884,05220,2418,92910,806
Operating lease, liability28,17820,18231,81238,72228,516
Total noncurrent liabilities:1,615,4871,704,4411,514,3531,434,283424,334377,358
Total liabilities:2,248,0332,357,0002,040,6231,872,351705,047576,717
Temporary equity, carrying amount   3,787  
Equity
Equity, attributable to parent, including:(502,569)(482,787)338,967308,459745,700317,609
Common stock      
Additional paid in capital1,204,7811,059,8801,086,870673,9501,033,053551,078
Accumulated other comprehensive income (loss)(8,223)(8,781)6446,8061,9482,226
Accumulated deficit(1,699,136)(1,533,896)(748,556)(372,306)(289,310)(235,703)
Other undisclosed equity, attributable to parent 9109998
Other undisclosed equity 199,449199,449199,449   
Total equity:(303,120)(283,338)538,416308,459745,700317,609
TOTAL LIABILITIES AND EQUITY:1,944,9132,073,6622,579,0392,184,5971,450,747894,326

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,202,4291,988,3301,594,7541,183,657902,858673,624
Cost of revenue
(Cost of Goods and Services Sold)
(664,291)(641,731)(448,369)(323,607)(231,043)(157,129)
Gross profit:1,538,1381,346,5991,146,385860,050671,815516,495
Operating expenses(1,736,949)(1,996,074)(1,448,171)(973,289)(717,490)(532,931)
Operating loss:(198,811)(649,475)(301,786)(113,239)(45,675)(16,436)
Nonoperating income (expense)41,966(224,578)(71,936)31,177(11,265)(9,627)
Other nonoperating income (expense)77,963(219,771)(7,554)80,4589,2476,475
Interest and debt expense53,400(4,807)(1,736)(13,284)(20,512)(16,102)
Loss from continuing operations before equity method investments, income taxes:(103,445)(878,860)(375,458)(95,346)(77,452)(42,165)
Other undisclosed income (loss) from continuing operations before income taxes(53,400)4,8071,73613,28420,51216,102
Loss from continuing operations before income taxes:(156,845)(874,053)(373,722)(82,062)(56,940)(26,063)
Income tax expense (benefit)(8,395)(5,113)(2,528)(934)3,333(140)
Loss from continuing operations:(165,240)(879,166)(376,250)(82,996)(53,607)(26,203)
Loss before gain (loss) on sale of properties:(376,250)(82,996)(53,607)(26,203)
Net loss available to common stockholders, diluted:(165,240)(879,166)(376,250)(82,996)(53,607)(26,203)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(165,240)(879,166)(376,250)(82,996)(53,607)(26,203)
Other comprehensive income (loss)558    (772)
Comprehensive loss:(164,682)(879,166)(376,250)(82,996)(53,607)(26,975)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (9,425)(6,162)4,858(278) 
Comprehensive loss, net of tax, attributable to parent:(164,682)(888,591)(382,412)(78,138)(53,885)(26,975)

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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