SOC Telemed, Inc. (TLMD) Financial Statements (2024 and earlier)

Company Profile

Business Address 2411 DULLES CORNER PARK
HERNDON, VA 20171
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 809 - Miscellaneous Health And Allied Services, Not (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38,7541,149
Cash and cash equivalents38,7541,149
Receivables8,721 
Inventory, net of allowances, customer advances and progress billings  
Inventory  
Prepaid expense1,609258
Other current assets  
Other undisclosed current assets  
Total current assets:49,0841,407
Noncurrent Assets
Property, plant and equipment4,092 
Intangible assets, net (including goodwill)22,269 
Goodwill16,281 
Intangible assets, net (excluding goodwill)5,988 
Deferred costs4,300 
Other undisclosed noncurrent assets5,194250,127
Total noncurrent assets:35,855250,127
TOTAL ASSETS:84,939251,535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,10292
Taxes payable  9
Accounts payable2,809 
Accrued liabilities8,29383
Deferred revenue610 
Deferred compensation liability 4,228 
Other liabilities  
Other undisclosed current liabilities  
Total current liabilities:15,94092
Noncurrent Liabilities
Long-term debt and lease obligation560 
Long-term debt, excluding current maturities560 
Liabilities, other than long-term debt, including:560 
Accounts payable and accrued liabilities 560 
Deferred revenue923 
Other undisclosed liabilities, other than long-term debt (923) 
Other undisclosed noncurrent liabilities12,8138,750
Total noncurrent liabilities:13,9338,750
Total liabilities:29,8738,842
Temporary equity, carrying amount  237,693
Equity
Equity, attributable to parent, including:55,0665,000
Common stock8 
Additional paid in capital291,2774,977
Retained earnings (accumulated deficit)(236,219)22
Other undisclosed equity, attributable to parent  1
Total equity:55,0665,000
TOTAL LIABILITIES AND EQUITY:84,939251,535

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

12/31/2021
12/31/2020
12/31/2019
Revenues57,995 
Cost of revenue(38,542) 
Gross profit:19,453 
Operating expenses(61,280) 
Operating loss:(41,827) 
Nonoperating income (expense)(7,989) 
Interest and debt expense(12,227) 
Loss from continuing operations before equity method investments, income taxes:(62,043) 
Other undisclosed income from continuing operations before income taxes12,227 
Loss from continuing operations before income taxes:(49,816) 
Income tax expense (benefit)(31) 
Loss from continuing operations:(49,847) 
Loss before gain (loss) on sale of properties:(49,847) 
Net loss attributable to parent:(49,847) 
Other undisclosed net loss available to common stockholders, basic (96,974) 
Net loss available to common stockholders, diluted:(146,821) 

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
Net loss:(49,847) 
Comprehensive loss, net of tax, attributable to parent:(49,847) 

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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