Rackspace Technology, Inc. (RXT) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 FANATICAL PLACE
SAN ANTONIO, TX 78218
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments228273105
Cash and cash equivalents228273105
Receivables622554483
Prepaid expense97110124
Other current assets1255247
Total current assets:1,073990759
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 338369368
Operating lease, right-of-use asset138162171
Intangible assets, net (including goodwill)3,3914,1734,407
Goodwill2,1552,7072,761
Intangible assets, net (excluding goodwill)1,2361,4671,646
Contract with customer, asset, after allowance for credit loss101314
Other noncurrent assets226177156
Other undisclosed noncurrent assets280445503
Total noncurrent assets:4,3845,3395,619
TOTAL ASSETS:5,4576,3296,378
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:447370285
Interest and dividends payable2827
Employee-related liabilities105111
Accrued liabilities132  
Other undisclosed accounts payable and accrued liabilities316237148
Deferred revenue819977
Debt858884
Other liabilities354189
Other undisclosed current liabilities208241207
Total current liabilities:857837742
Noncurrent Liabilities
Long-term debt and lease obligation3,6063,7713,796
Long-term debt, excluding current maturities3,2953,3113,319
Finance lease, liability311345358
Liabilities, other than long-term debt326344396
Deferred revenue91414
Deferred income tax liabilities127206237
Other liabilities106124146
Operating lease, liability85115118
Other undisclosed noncurrent liabilities394960
Total noncurrent liabilities:3,9714,1644,252
Total liabilities:4,8275,0014,994
Equity
Equity, attributable to parent6301,3271,384
Common stock222
Treasury stock, value(31)  
Additional paid in capital2,5732,5002,364
Accumulated other comprehensive income (loss)717(19)
Accumulated deficit(1,986)(1,182)(963)
Total equity:6301,3271,384
TOTAL LIABILITIES AND EQUITY:5,4576,3296,378

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues3,1223,0102,707
Cost of revenue(2,265)(2,073)(1,723)
Gross profit:857937984
Operating expenses(1,390)(959)(960)
Other undisclosed operating income (loss)(146)20 
Operating income (loss):(679)(3)25
Nonoperating expense(219)(247)(337)
Interest and debt expense(209)(38)(72)
Loss from continuing operations before equity method investments, income taxes:(1,106)(287)(384)
Other undisclosed income (loss) from continuing operations before income taxes2093872
Loss from continuing operations before income taxes:(898)(249)(312)
Income tax benefit933166
Loss from continuing operations:(805)(218)(246)
Loss before gain (loss) on sale of properties:(218)(246)
Net loss available to common stockholders, diluted:(805)(218)(246)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net loss:(805)(218)(246)
Comprehensive loss:(805)(218)(246)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6526(31)
Comprehensive loss, net of tax, attributable to parent:(740)(193)(276)

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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