ServiceSource International, Inc. (SREV) Financial Statements (2024 and earlier)

Company Profile

Business Address 707 17TH STREET
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 28,50734,00627,08926,535188,570185,573
Cash and cash equivalents 28,50734,00627,08926,53551,38947,692
Short-term investments     137,181137,881
Receivables 43,57138,89041,75454,28456,51663,289
Contract with customer, asset, after allowance for credit loss  500  
Other undisclosed current assets 8,9958,7757,2965,6536,1127,607
Total current assets: 81,07382,17176,13986,472251,198256,469
Noncurrent Assets
Operating lease, right-of-use asset 23,04329,79836,396
Property, plant and equipment  29,94836,14936,59334,11938,180
Intangible assets, net (including goodwill), including: 6,3346,3346,3346,3346,4197,932
Goodwill 6,3006,3006,3006,3006,3006,300
Intangible assets, net (excluding goodwill)     861,598
Other undisclosed intangible assets, net (including goodwill) 343434343334
Capitalized contract cost, net 5588721,6022,660
Other noncurrent assets 2,7193,4904,8444,5213,5663,445
Other undisclosed noncurrent assets 18,721   7064
Total noncurrent assets: 51,37570,44285,32550,10844,17449,621
TOTAL ASSETS: 132,448152,613161,464136,580295,372306,090
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 24,98322,76324,4585,80411,8509,195
Taxes payable     6511,388
Employee-related liabilities 19,99918,34216,700   
Accounts payable 8321,2044,3922,4244,5741,916
Accrued liabilities 4,1523,2173,3663,3806,6255,891
Deferred revenue 500400 
Debt 10,06315,6089,652   
Deferred compensation liability    15,50919,25721,579
Deferred revenue and credits1,2824,152
Other liabilities 7931,2092,2186,8942,1042,958
Other undisclosed current liabilities 8,0519,789  144,167 
Total current liabilities: 44,39049,76936,32828,207178,66037,884
Noncurrent Liabilities
Long-term debt and lease obligation 19,86925,97533,716  134,888
Long-term debt, excluding current maturities      134,775
Capital lease obligations  113
Liabilities, other than long-term debt 1,1551,5932,9836,5404,6036,382
Other liabilities 1,1551,5932,9836,5404,6036,382
Operating lease, liability 19,86925,97533,716
Total noncurrent liabilities: 21,02427,56836,6996,5404,603141,270
Total liabilities: 65,41477,33773,02734,747183,263179,154
Equity
Equity, attributable to parent 67,03475,27688,437101,833112,109126,936
Common stock 10109988
Treasury stock, value (441)(441)(441)(441)(441)(441)
Additional paid in capital 385,827379,696374,525369,246359,347344,521
Accumulated other comprehensive income (loss) 966618410402(598)(791)
Accumulated deficit (319,328)(304,607)(286,066)(267,383)(246,207)(216,361)
Total equity: 67,03475,27688,437101,833112,109126,936
TOTAL LIABILITIES AND EQUITY: 132,448152,613161,464136,580295,372306,090

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

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 195,704194,601216,135238,340239,127252,887
Cost of revenue (140,002)(137,041)(153,155)(164,693)(163,709)(165,069)
Gross profit: 55,70257,56062,98073,64775,41887,818
Operating expenses (68,361)(74,113)(79,994)(89,533)(99,125)(103,311)
Operating loss: (12,659)(16,553)(17,014)(15,886)(23,707)(15,493)
Nonoperating expense
(Other Nonoperating expense)
      (8,704)
Interest and debt expense (25)(88)(1,226)(6,591)(9,886)(8,700)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (1,191) (1,958)2,1004,200
Loss from continuing operations before equity method investments, income taxes: (12,684)(17,832)(18,240)(24,435)(31,493)(28,697)
Other undisclosed loss from continuing operations before income taxes (1,759)     
Loss from continuing operations before income taxes: (14,443)(17,832)(18,240)(24,435)(31,493)(28,697)
Income tax expense (benefit) (278)(709)(443)(450)1,647(3,429)
Loss from continuing operations: (14,721)(18,541)(18,683)(24,885)(29,846)(32,126)
Loss before gain (loss) on sale of properties:(14,721)(18,541)(18,683)(24,885)(29,846)(32,126)
Net loss available to common stockholders, diluted: (14,721)(18,541)(18,683)(24,885)(29,846)(32,126)

Comprehensive Income ($ in thousands)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (14,721)(18,541)(18,683)(24,885)(29,846)(32,126)
Other comprehensive income (loss)    1,000193(1,218)
Comprehensive loss: (14,721)(18,541)(18,683)(23,885)(29,653)(33,344)
Other undisclosed comprehensive income, net of tax, attributable to parent 3482088   
Comprehensive loss, net of tax, attributable to parent: (14,373)(18,333)(18,675)(23,885)(29,653)(33,344)

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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