Tucows Inc. (TCX) Financial Statements (2024 and earlier)
Company Profile
Business Address |
96 MOWAT AVENUE TORONTO, ON M6K 3M1 |
State of Incorp. | PA |
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)Annual | Quarterly
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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 147,864 | 11,773 | 23,496 | 30,506 | 6,510 | 6,201 | |||
Cash and cash equivalents | 147,864 | 11,773 | 23,496 | 30,506 | 6,510 | 6,201 | |||
Receivables | 25,330 | 26,379 | 20,875 | 17,463 | 15,800 | 19,640 | |||
Inventory, net of allowances, customer advances and progress billings | 7,800 | 6,539 | 7,284 | 5,888 | 4,796 | 3,558 | |||
Inventory | 7,800 | 6,539 | 7,284 | 5,888 | 4,796 | 3,558 | |||
Contract with customer, asset, after allowance for credit loss | 4,572 | 5,172 | 5,159 | 3,451 | 8,954 | 3,283 | |||
Capitalized contract cost | 98,284 | 98,258 | 94,198 | 94,324 | 95,959 | 96,986 | |||
Derivative instruments and hedges, assets | 1,060 | 1,249 | 1,903 | 2,015 | 2,014 | 1,358 | |||
Funds held for clients | 3,361 | ||||||||
Other undisclosed current assets | 20,448 | 18,331 | 17,005 | 18,627 | 19,311 | 23,221 | |||
Total current assets: | 308,719 | 167,701 | 169,920 | 172,274 | 153,344 | 154,247 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 21,615 | 22,191 | 20,489 | 20,702 | 19,453 | 18,136 | |||
Property, plant and equipment | 319,393 | 303,791 | 281,495 | 254,159 | 225,202 | 191,456 | |||
Long-term investments and receivables | 2,012 | 2,012 | 2,012 | 2,012 | 2,012 | 2,012 | |||
Long-term investments | 2,012 | 2,012 | 2,012 | 2,012 | 2,012 | 2,012 | |||
Intangible assets, net (including goodwill) | 165,102 | 167,494 | 170,200 | 172,406 | 175,248 | 178,069 | |||
Goodwill | 130,410 | 130,410 | 130,410 | 130,410 | 130,410 | 130,410 | |||
Intangible assets, net (excluding goodwill) | 34,692 | 37,084 | 39,790 | 41,996 | 44,838 | 47,659 | |||
Contract with customer, asset, after allowance for credit loss | 31 | 124 | 2,328 | 4,611 | |||||
Capitalized contract cost, net | 15,874 | 16,372 | 16,476 | 17,602 | 17,882 | 17,674 | |||
Derivative instruments and hedges | 459 | ||||||||
Restricted cash and investments | 8,370 | ||||||||
Deferred costs | 2,184 | 1,976 | 1,827 | 1,687 | 1,551 | 1,306 | |||
Deferred income tax assets | 5 | 8 | 14 | 17 | 20 | ||||
Total noncurrent assets: | 534,586 | 513,968 | 494,827 | 473,193 | 441,365 | 409,132 | |||
TOTAL ASSETS: | 843,305 | 681,669 | 664,747 | 645,467 | 594,709 | 563,379 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 39,360 | 38,671 | 39,824 | 37,376 | 46,280 | 30,761 | |||
Taxes payable | ✕ | ✕ | ✕ | ✕ | 1,642 | 416 | 307 | ||
Accounts payable | 11,955 | 16,639 | 17,171 | 18,538 | 28,179 | 14,103 | |||
Accrued liabilities | 27,405 | 22,032 | 22,653 | 17,196 | 17,685 | 16,351 | |||
Deferred revenue | 128,868 | 128,977 | 122,894 | 124,468 | 126,994 | 128,413 | |||
Debt | 226,448 | ||||||||
Derivative instruments and hedges, liabilities | 129 | 389 | 1,989 | 38 | |||||
Other liabilities | 1,600 | 1,950 | 1,899 | 2,974 | |||||
Other undisclosed current liabilities | 25,899 | 24,343 | 23,482 | 20,166 | 22,142 | 20,696 | |||
Total current liabilities: | 194,127 | 192,120 | 188,189 | 185,949 | 423,801 | 182,844 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 450,384 | 236,025 | 238,930 | 251,668 | 12,877 | 219,403 | |||
Long-term debt, excluding current maturities | 450,384 | 236,025 | 238,930 | 238,840 | 207,183 | ||||
Liabilities, other than long-term debt | 147,688 | 173,872 | 140,971 | 102,299 | 44,531 | 46,120 | |||
Accounts payable and accrued liabilities | 142 | 153 | 150 | 156 | |||||
Deferred revenue | 22,102 | 22,457 | 22,237 | 22,664 | 23,188 | 23,753 | |||
Deferred income tax liabilities | 9,594 | 12,951 | 15,720 | 18,966 | 21,193 | 22,211 | |||
Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 102,970 | 124,804 | 90,434 | 60,516 | |||||
Operating lease, liability | 13,022 | 13,660 | 12,438 | 12,828 | 12,877 | 12,220 | |||
Total noncurrent liabilities: | 598,072 | 409,897 | 379,901 | 353,967 | 57,408 | 265,523 | |||
Total liabilities: | 792,199 | 602,017 | 568,090 | 539,916 | 481,209 | 448,367 | |||
Equity | |||||||||
Equity, attributable to parent | 51,106 | 79,652 | 96,657 | 105,551 | 113,500 | 115,012 | |||
Common stock | 32,945 | 32,461 | 31,868 | 31,035 | 30,193 | 29,655 | |||
Additional paid in capital | 11,509 | 9,759 | 8,106 | 5,448 | 4,484 | 3,530 | |||
Accumulated other comprehensive income (loss) | 804 | 616 | 784 | (276) | 1,498 | 1,377 | |||
Retained earnings (accumulated deficit) | 5,848 | 36,816 | 55,899 | 69,344 | 77,325 | 80,450 | |||
Total equity: | 51,106 | 79,652 | 96,657 | 105,551 | 113,500 | 115,012 | |||
TOTAL LIABILITIES AND EQUITY: | 843,305 | 681,669 | 664,747 | 645,467 | 594,709 | 563,379 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 84,978 | 80,430 | 78,909 | 78,050 | 83,084 | 81,099 | ||
Cost of revenue | (66,946) | (66,369) | (61,899) | (60,063) | (61,031) | (59,901) | ||
Cost of goods and services sold | (59,879) | (58,104) | (57,592) | (55,816) | (56,267) | (55,694) | ||
Gross profit: | 18,032 | 14,061 | 17,010 | 17,987 | 22,053 | 21,198 | ||
Operating expenses | (31,133) | (31,344) | (30,010) | (27,368) | (26,488) | (26,046) | ||
Operating loss: | (13,101) | (17,283) | (13,000) | (9,381) | (4,435) | (4,848) | ||
Nonoperating income (expense) | (20,892) | (3,510) | (1,452) | 373 | 2,048 | 2,906 | ||
Investment income, nonoperating | (14,009) | 4,737 | 4,520 | 4,752 | ||||
Other nonoperating income (expense) | 4,289 | 4,370 | (49) | (27) | (50) | (50) | ||
Interest and debt expense | (14,680) | |||||||
Loss from continuing operations before equity method investments, income taxes: | (48,673) | (20,793) | (14,452) | (9,008) | (2,387) | (1,942) | ||
Other undisclosed income from continuing operations before income taxes | 14,680 | |||||||
Loss from continuing operations before income taxes: | (33,993) | (20,793) | (14,452) | (9,008) | (2,387) | (1,942) | ||
Income tax expense (benefit) | 3,025 | 1,710 | 1,007 | 1,027 | (738) | (1,078) | ||
Loss from continuing operations: | (30,968) | (19,083) | (13,445) | (7,981) | (3,125) | (3,020) | ||
Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (7,981) | (3,125) | (3,020) | |
Net loss available to common stockholders, diluted: | (30,968) | (19,083) | (13,445) | (7,981) | (3,125) | (3,020) |
Comprehensive Income ($ in thousands)Annual | Quarterly
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 | ||
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Net loss: | (30,968) | (19,083) | (13,445) | (7,981) | (3,125) | (3,020) | ||
Other comprehensive income (loss) | 188 | (168) | 441 | 1 | (40) | (329) | ||
Comprehensive loss: | (30,780) | (19,251) | (13,004) | (7,980) | (3,165) | (3,349) | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 619 | (1,775) | 161 | 1,363 | ||||
Comprehensive loss, net of tax, attributable to parent: | (30,780) | (19,251) | (12,385) | (9,755) | (3,004) | (1,986) |
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.