PARETEUM Corp (TEUM) Financial Statements (2023 and earlier)

Company Profile

Business Address 1185 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,2754,4476,05213,5389313691,904
Cash and cash equivalents8,2754,4476,05213,5389313691,904
Restricted cash and investments6,4791,455431200564246313
Receivables12,7109,34915,3622,0586151,1128,877
Prepaid expense1,533928424324592621743
Other current assets330831     
Other undisclosed current assets1,0071,6521,6605764931,6673,736
Total current assets:30,33418,66223,92816,6963,1954,01615,573
Noncurrent Assets
Operating lease, right-of-use asset1,0442,241✕✕✕✕✕
Property, plant and equipment5,0906,2624,5534,7148,70913,05119,319
Long-term investments and receivables 5121,0823,8251,013  
Long-term investments   3,230   
Accounts and financing receivable, after allowance for credit loss 5121,0825951,013  
Intangible assets, net (including goodwill)24,04125,599131,432  3,2868,428
Goodwill11,04310,09991,774  3,0273,352
Intangible assets, net (excluding goodwill)12,99815,50039,658  2595,076
Deposits noncurrent assets     285653
Other noncurrent assets74975245911294741,600
Other undisclosed noncurrent assets     4,280(653)
Total noncurrent assets:30,92435,366137,1138,6309,85021,37629,348
TOTAL ASSETS:61,25854,028161,04125,32613,04525,39244,921
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13,28613,6167,9525,2506,0145,0327,612
Interest and dividends payable      1,184
Taxes payable      571
Accounts payable      1,795
Accrued liabilities13,28613,6167,9525,2506,0145,0324,062
Debt7,6393,415788664,0115,8913,317
Derivative instruments and hedges, liabilities6,163      
Liability for uncertainty in income taxes   246   
Deferred revenue and credits✕✕✕  1,2608,813
Billings in excess of cost✕✕✕243952  
Due to related parties337      
Customer advances and deposits✕✕✕   61
Other undisclosed current liabilities40,14232,90311,2651,7322,3172,6409,356
Total current liabilities:67,56749,93420,0067,53813,29314,82229,159
Noncurrent Liabilities
Long-term debt and lease obligation6015,2362137694,730505627
Long-term debt, excluding current maturities 4,8212137694,730499355
Capital lease obligations✕✕   6272
Finance lease, liability3482✕✕✕✕✕
Liabilities, other than long-term debt 4208,758 1211,0672,434
Deferred revenue and credits✕✕✕  1,0672,434
Billings in excess of cost✕✕✕ 121  
Deferred tax liabilities, net✕✕8,416    
Due to related parties 420342    
Operating lease, liability567333✕✕✕✕✕
Other undisclosed noncurrent liabilities8,025  1,5984,2669462,088
Total noncurrent liabilities:9,1935,6568,9712,3679,1172,5175,150
Total liabilities:76,76055,59028,9779,90522,41017,33934,308
Temporary equity, carrying amount24,899      
Equity
Equity, attributable to parent, including:(40,401)(1,562)132,06515,422(9,371)8,04510,603
Preferred stock    2,143  
Common stock552,852547,948450,991321,271280,653269,470264,360
Accumulated other comprehensive loss(8,660)(5,608)(6,301)(6,307)(5,087)(5,790)(3,127)
Accumulated deficit(584,593)(543,902)(312,625)(299,543)(287,080)(255,636)(250,629)
Warrants and rights outstanding      2,088
Other undisclosed equity, attributable to parent  (0)   (2,088)
Equity, attributable to noncontrolling interest    699
Total equity:(40,401)(1,562)132,06515,422(9,365)8,05410,613
TOTAL LIABILITIES AND EQUITY:61,25854,028161,04125,32613,04525,39244,921

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues69,63762,04932,43613,54812,85631,01520,356
Cost of revenue(59,288)(55,559)(10,330)(3,684)(3,659)(5,926)(6,689)
Cost of goods and services sold(48,954)(47,134)(10,330)(3,684)(3,659)(5,926)(6,689)
Gross profit:10,3496,49022,1069,8649,19725,08913,668
Operating expenses(46,751)(226,843)(36,749)(18,651)(28,100)(29,387)(30,477)
Other undisclosed operating income      32
Operating loss:(36,402)(220,353)(14,643)(8,787)(18,903)(4,298)(16,777)
Nonoperating income (expense)(8,311)(14,712)1,524(3,569)(12,504)(725)(4,868)
Other nonoperating income (expense)80(3,221)578705(221)(923)177
Interest and debt expense(7,130)(176)(29)(341)(1,267)(514)(5,566)
Other undisclosed income from continuing operations before equity method investments, income taxes7,130176293411,2675145,566
Loss from continuing operations before income taxes:(44,713)(235,065)(13,118)(12,356)(31,406)(5,023)(21,645)
Income tax expense (benefit)528,295144(107)(38)17(217)
Loss from continuing operations:(44,661)(226,770)(12,975)(12,463)(31,445)(5,006)(21,862)
Loss before gain (loss) on sale of properties:(44,661)(226,770)(12,975)(12,463)(31,445)(5,006)(21,862)
Net loss attributable to parent:(44,661)(226,770)(12,975)(12,463)(31,445)(5,006)(21,862)
Preferred stock dividends and other adjustments(816)      
Net loss available to common stockholders, diluted:(45,477)(226,770)(12,975)(12,463)(31,445)(5,006)(21,862)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(44,661)(226,770)(12,975)(12,463)(31,445)(5,006)(21,862)
Other undisclosed comprehensive loss      (3,397)
Comprehensive loss:(44,661)(226,770)(12,975)(12,463)(31,445)(5,006)(25,259)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,357(219)6(1,220)703(2,663) 
Comprehensive loss, net of tax, attributable to parent:(43,304)(226,989)(12,969)(13,683)(30,742)(7,669)(25,259)

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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