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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments225,351274,804269,984 306,497301,929
Cash and cash equivalents225,351274,804269,984 306,497301,929
Receivables322,191315,335311,318 253,571257,323
Inventory, net of allowances, customer advances and progress billings1,1261,3081,209 4,5645,747
Inventory1,1261,3081,209 4,5645,747
Prepaid expense34,91436,83723,306 28,49030,193
Other current assets49,42541,38831,334 19,32215,544
Other undisclosed current assets170,536181,358158,865 126,854110,019
Total current assets:803,543851,030796,016 739,298720,755
Noncurrent Assets
Operating lease, right-of-use asset31,33934,13835,433 40,51544,370
Property, plant and equipment185,806187,279185,400 178,240173,436
Long-term investments and receivables   4,559 113,220163,811
Long-term investments   4,559 113,220163,811
Intangible assets, net (including goodwill)512,009549,578582,386 682,339727,554
Goodwill54,57554,64754,335 53,78055,083
Intangible assets, net (excluding goodwill)457,434494,931528,051 628,559672,471
Other noncurrent assets23,94933,93631,289 7,1227,906
Other undisclosed noncurrent assets403,714390,459438,579 758,687729,920
Total noncurrent assets:1,156,8171,195,3901,277,646 1,780,1231,846,997
TOTAL ASSETS:1,960,3602,046,4202,073,662 2,519,4212,567,752
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities345,141371,255442,834 498,816374,275
Taxes payable36,458
Employee-related liabilities47,439
Accounts payable36,73956,35362,721 96,64777,019
Accrued liabilities308,402314,902380,113 318,272297,256
Deferred revenue227,211219,933209,725 207,044201,394
Debt20,000     
Other undisclosed current liabilities     (83,897) 
Total current liabilities:592,352591,188652,559 621,963575,669
Noncurrent Liabilities
Long-term debt and lease obligation1,558,7941,639,5301,638,411 1,661,6111,663,272
Long-term debt, excluding current maturities1,558,7941,639,5301,638,411 1,636,1751,635,059
Liabilities, other than long-term debt81,60688,20866,030 74,08780,579
Other liabilities65,01069,81745,848 74,08780,579
Operating lease, liability16,59618,39120,182 25,43628,213
Total noncurrent liabilities:1,640,4001,727,7381,704,441 1,735,6981,743,851
Total liabilities:2,232,7522,318,9262,357,000 2,357,6612,319,520
Temporary equity, carrying amount199,449199,449  199,449199,449
Equity
Equity, attributable to parent, including:(471,841)(471,955)(482,787) (37,689)48,783
Common stock910  99
Additional paid in capital1,143,1241,123,3511,059,880 937,119855,894
Accumulated other comprehensive loss(5,197)(7,021)(8,781) (9,600)(1,418)
Accumulated deficit(1,609,777)(1,588,295)(1,533,896) (965,217)(805,702)
Other undisclosed equity, attributable to parent   10   
Other undisclosed equity   199,449   
Total equity:(471,841)(471,955)(283,338) (37,689)48,783
TOTAL LIABILITIES AND EQUITY:1,960,3602,046,4202,073,662 2,519,4212,567,752

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues539,305533,6891,988,330 486,896467,656
Cost of revenue
(Cost of Goods and Services Sold)
(164,417)(160,676)  (158,190)(155,474)
Gross profit:374,888373,013  328,706312,182
Operating expenses(419,950)(427,544)  (436,470)(415,724)
Operating loss:(45,062)(54,531)  (107,764)(103,542)
Nonoperating income (expense)30,5333,217  (50,703)(46,451)
Other nonoperating income (expense)35,6515,429  (49,500)(45,219)
Interest and debt expense(5,118)(2,212)  (1,203)(1,232)
Loss from continuing operations before equity method investments, income taxes:(19,647)(53,526)  (159,670)(151,225)
Other undisclosed income from continuing operations before income taxes5,1182,212  1,2031,232
Loss from continuing operations before income taxes:(14,529)(51,314)  (158,467)(149,993)
Income tax expense (benefit)(6,953)(3,085)  (1,048)(979)
Loss from continuing operations:(21,482)(54,399)  (159,515)(150,972)
Loss before gain (loss) on sale of properties:(159,515)(150,972)
Net loss available to common stockholders, diluted:(21,482)(54,399)  (159,515)(150,972)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(21,482)(54,399)  (159,515)(150,972)
Other comprehensive income      
Comprehensive loss:(21,482)(54,399)  (159,515)(150,972)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 1,8241,760  (8,182)(2,062)
Comprehensive loss, net of tax, attributable to parent:(19,658)(52,639)  (167,697)(153,034)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: