Synchronoss Technologies, Inc. (SNCR) financial statements (2022 and earlier)

Company profile

Business Address 200 CROSSING BOULEVARD
BRIDGEWATER, NJ 08807
State of Incorp.
Fiscal Year End December 31
SIC 7371 - Computer Programming Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31,50424,14132,570    
Cash and cash equivalents31,50424,14132,570    
Receivables51,58639,07344,20246,23651,24947,70557,332
Other undisclosed current assets38,90147,23941,05870,67970,11889,77690,659
Total current assets:121,991110,453117,830116,915121,367137,481147,991
Noncurrent Assets
Operating lease, right-of-use asset26,39927,62929,70331,96034,53837,01946,913
Property, plant and equipment6,979 9,82210,79911,73213,40818,659
Long-term investments and receivables4,8344,8344,8344,8344,834  
Accounts and financing receivable, after allowance for credit loss4,8344,8344,8344,8344,834  
Intangible assets, net (including goodwill)284,912290,304294,497293,829302,364298,499295,764
Goodwill224,577226,840229,610228,537232,771227,012222,854
Intangible assets, net (excluding goodwill)60,33563,46464,88765,29269,59371,48772,910
Other noncurrent assets5,6196,9947,0046,7937,42012,16712,325
Other undisclosed noncurrent assets 8,161     
Total noncurrent assets:328,743337,922345,860348,215360,888361,093373,661
TOTAL ASSETS:450,734448,375463,690465,130482,255498,574521,652
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities73,01377,05072,77784,59282,07588,98596,454
Accounts payable11,0976,79514,53916,90712,74911,29222,948
Accrued liabilities61,91670,25558,23867,68569,32677,69373,506
Deferred revenue22,36831,50639,65632,35833,04533,89746,958
Debt   10,00010,00010,00010,000
Total current liabilities:95,381108,556112,433126,950125,120132,882153,412
Noncurrent Liabilities
Long-term debt and lease obligation168,682155,066157,00541,80344,12648,70353,452
Long-term debt, excluding current maturities133,104117,494117,189    
Operating lease, liability35,57837,57239,81641,80344,12648,70353,452
Liabilities, other than long-term debt10,3266,2136,79113,68719,43923,28921,761
Deferred revenue5488451,4397,49512,56917,51816,315
Deferred income tax liabilities5607907271,2951,8752,5592,161
Other liabilities9,2184,5784,6254,8974,9953,2123,285
Other undisclosed noncurrent liabilities51712,94112,9992851478443
Total noncurrent liabilities:179,525174,220176,79555,77563,71272,07675,256
Total liabilities:274,906282,776289,228182,725188,832204,958228,668
Temporary equity, carrying amount12,500  260,342250,141240,361230,982
Stockholders' equity
Stockholders' equity attributable to parent90,82393,094101,95622,06343,28253,25562,002
Common stock9995555
Treasury stock, value   (82,087)(82,087)(82,087)(82,087)
Additional paid in capital492,512492,376491,660491,295499,348512,504517,794
Accumulated other comprehensive loss(32,985)(30,911)(29,442)(29,349)(28,213)(32,190)(34,397)
Accumulated deficit(368,713)(368,380)(360,271)(357,801)(345,771)(344,977)(339,313)
Total stockholders' equity:90,82393,094101,95622,06343,28253,25562,002
Other undisclosed liabilities and equity72,50572,50572,506    
TOTAL LIABILITIES AND EQUITY:450,734448,375463,690465,130482,255498,574521,652

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues73,83169,75371,53265,49969,37768,63676,535
Cost of revenue(6,601)(34,818)(36,177)(37,958)(8,342)(32,464)(40,085)
Cost of goods and services sold(26,026)(27,245)(27,142)(28,637)(28,414)(28,452)(29,480)
Gross profit:67,23034,93535,35527,54161,03536,17236,450
Operating expenses(62,613)(45,448)(39,433)(36,584)(63,414)(53,170)(47,908)
Operating income (loss):4,617(10,513)(4,078)(9,043)(2,379)(16,998)(11,458)
Nonoperating income (expense)(1,403)(1,645)1,601(3,391)3,8022,7042,876
Investment income, nonoperating(15)2425510201,509
Other nonoperating income (expense)(1,388)(1,669)1,576(3,396)3,7922,6841,367
Interest and debt expense(3,248)(2,933)(144)(95)(75)(72)(84)
Income (loss) from continuing operations before income taxes:(34)(15,091)(2,621)(12,529)1,348(14,366)(8,666)
Income tax expense (benefit)(169)6,982201163(2,040)8,7447,972
Net loss:(203)(8,109)(2,420)(12,366)(692)(5,622)(694)
Net income (loss) attributable to noncontrolling interest(130) (50)336(102)(60)(165)
Other undisclosed net income attributable to parent    10260165
Net loss attributable to parent:(333)(8,109)(2,470)(12,030)(692)(5,622)(694)
Preferred stock dividends and other adjustments(1,781)(1,722)(21,476)(10,530)(10,099)(9,685)(9,289)
Other undisclosed net loss available to common stockholders, basic    (102)(60)(165)
Net loss available to common stockholders, diluted:(2,114)(9,831)(23,946)(22,560)(10,893)(15,367)(10,148)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(203)(8,109)(2,420)(12,366)(692)(5,622)(694)
Other comprehensive income (loss)(2,074)(1,469)(93)(1,136)3,9772,2072,426
Comprehensive income (loss):(2,277)(9,578)(2,513)(13,502)3,285(3,415)1,732
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(130) (50)336(102)(60)(165)
Comprehensive income (loss), net of tax, attributable to parent:(2,407)(9,578)(2,563)(13,166)3,183(3,475)1,567

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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