Vivint Smart Home, Inc. (VVNT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4931 NORTH 300 WEST PROVO, UT 84604 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7381 - Detective, Guard, and Armored Car Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 315,112 | ||||||||
| Cash and cash equivalent | 315,112 | ||||||||
| Receivables | 53,441 | 59,835 | 58,919 | 63,671 | 71,274 | 77,447 | |||
| Inventory, net of allowances, customer advances and progress billings | 76,921 | 81,045 | 64,221 | 51,251 | 54,151 | 67,010 | |||
| Inventory | 76,921 | 81,045 | 64,221 | 51,251 | 54,151 | 67,010 | |||
| Prepaid expense | 14,244 | 24,940 | 27,978 | 12,791 | 18,527 | 31,886 | |||
| Deposits current assets | 1,611 | 1,731 | 593 | 627 | 1,849 | 1,715 | |||
| Other current assets | 11,803 | 15,187 | 7,845 | 5,967 | 6,248 | 5,851 | |||
| Other undisclosed current assets | 303,741 | 299,027 | 153,217 | 208,509 | 280,152 | 30,069 | |||
| Total current assets: | 461,761 | 481,765 | 312,773 | 342,816 | 432,201 | 529,090 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 19,474 | 16,798 | 15,878 | 16,474 | 16,679 | 16,331 | |||
| Operating lease, right-of-use asset | 39,493 | 42,121 | 44,779 | 46,000 | 45,201 | 47,844 | |||
| Long-term investments and receivables, including: | 36,937 | 39,738 | 45,373 | 44,753 | 46,951 | 53,069 | |||
| Accounts and financing receivable, after allowance for credit loss | 28,302 | 32,569 | 46,760 | 52,934 | 58,503 | 68,528 | |||
| Other undisclosed long-term investments and receivables | 8,635 | 7,169 | (1,387) | (8,181) | (11,552) | (15,459) | |||
| Intangible assets, net (including goodwill) | 828,105 | 840,525 | 876,016 | 889,081 | 903,894 | 919,755 | |||
| Goodwill | 817,502 | 817,502 | 837,577 | 837,153 | 837,086 | 837,853 | |||
| Intangible assets, net (excluding goodwill) | 10,603 | 23,023 | 38,439 | 51,928 | 66,808 | 81,902 | |||
| Capitalized contract cost, net | 1,530,257 | 1,445,947 | 1,376,068 | 1,405,442 | 1,433,112 | 1,372,073 | |||
| Regulated entity, other noncurrent assets | 30,391 | 31,687 | 32,983 | 34,280 | 35,576 | 23,504 | |||
| Other undisclosed noncurrent assets | 12,564 | 9,746 | 9,283 | 6,782 | 2,771 | 12,136 | |||
| Total noncurrent assets: | 2,497,221 | 2,426,562 | 2,400,380 | 2,442,812 | 2,484,184 | 2,444,712 | |||
| TOTAL ASSETS: | 2,958,982 | 2,908,327 | 2,713,153 | 2,785,628 | 2,916,385 | 2,973,802 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 463,123 | 415,535 | 205,828 | 215,106 | 310,381 | 274,247 | |||
| Taxes payable | ✕ | 9,172 | 14,387 | 13,651 | 10,758 | 12,025 | 18,371 | ||
| Employee-related liabilities | ✕ | 158,480 | 121,745 | 68,487 | 97,739 | 160,332 | 106,920 | ||
| Accounts payable | 121,133 | 137,073 | 112,970 | 96,317 | 127,944 | 139,022 | |||
| Accrued liabilities | 174,338 | 142,330 | 10,720 | 10,292 | 10,080 | 9,934 | |||
| Deferred revenue | 500,609 | 467,928 | 441,874 | 429,900 | 418,718 | 373,207 | |||
| Debt | 16,050 | 15,501 | 15,740 | 16,354 | 16,772 | 12,674 | |||
| Derivative instruments and hedges, liabilities | 124,381 | 129,329 | 139,413 | 140,394 | 141,108 | 125,735 | |||
| Other undisclosed current liabilities | (114,044) | (64,045) | 49,947 | 72,447 | 53,766 | 70,397 | |||
| Total current liabilities: | 990,119 | 964,248 | 852,802 | 874,201 | 940,745 | 856,260 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 38,744 | 40,181 | 41,252 | 43,129 | 42,593 | 45,374 | |||
| Finance lease, liability | 5,281 | 3,489 | 1,404 | 1,416 | 1,171 | 1,013 | |||
| Liabilities, other than long-term debt | 1,329,847 | 1,261,460 | 1,166,942 | 1,129,934 | 1,169,690 | 1,181,085 | |||
| Deferred revenue | 884,002 | 829,121 | 760,934 | 778,214 | 790,397 | 717,423 | |||
| Deferred income tax liabilities | 792 | 926 | 893 | 640 | 781 | 276 | |||
| Due to related parties | 445,053 | 431,413 | 405,115 | 351,080 | 378,512 | 463,386 | |||
| Operating lease, liability | 33,463 | 36,692 | 39,848 | 41,713 | 41,422 | 44,361 | |||
| Other undisclosed noncurrent liabilities | 2,340,460 | 2,358,085 | 2,406,043 | 2,478,464 | 2,472,856 | 2,521,693 | |||
| Total noncurrent liabilities: | 3,709,051 | 3,659,726 | 3,614,237 | 3,651,527 | 3,685,139 | 3,748,152 | |||
| Total liabilities: | 4,699,170 | 4,623,974 | 4,467,039 | 4,525,728 | 4,625,884 | 4,604,412 | |||
| Equity | |||||||||
| Equity, attributable to parent | (1,740,188) | (1,715,647) | (1,753,886) | (1,740,100) | (1,709,499) | (1,630,610) | |||
| Common stock | 21 | 21 | 21 | 21 | 21 | 21 | |||
| Additional paid in capital | 1,748,752 | 1,732,287 | 1,716,996 | 1,703,815 | 1,681,001 | 1,651,951 | |||
| Accumulated other comprehensive loss | (26,434) | (26,898) | (26,947) | (25,885) | |||||
| Accumulated deficit | (3,488,961) | (3,447,955) | (3,444,469) | (3,417,038) | (3,363,574) | (3,256,697) | |||
| Total equity: | (1,740,188) | (1,715,647) | (1,753,886) | (1,740,100) | (1,709,499) | (1,630,610) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,958,982 | 2,908,327 | 2,713,153 | 2,785,628 | 2,916,385 | 2,973,802 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 439,370 | 407,282 | 392,748 | 396,214 | 386,710 | 355,231 | ||
| Cost of revenue | (124,740) | (131,064) | (133,292) | (123,007) | (117,027) | (114,752) | ||
| Gross profit: | 314,630 | 276,218 | 259,456 | 273,207 | 269,683 | 240,479 | ||
| Operating expenses | (293,484) | (273,970) | (250,114) | (286,656) | (294,431) | (277,614) | ||
| Operating income (loss): | 21,146 | 2,248 | 9,342 | (13,449) | (24,748) | (37,135) | ||
| Nonoperating income (expense) | (9,200) | 22,912 | (8,123) | 499 | (37,203) | 8,144 | ||
| Investment income, nonoperating | 175 | 147 | 133 | 252 | 126 | 110 | ||
| Other nonoperating income (expense) | (9,375) | 22,765 | (8,256) | 247 | (37,329) | 8,034 | ||
| Interest and debt expense | (43,510) | (38,883) | (37,511) | (38,012) | (47,120) | (50,058) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (31,564) | (13,723) | (36,292) | (50,962) | (109,071) | (79,049) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (7,891) | 9,041 | 9,293 | (531) | 15,313 | 6,222 | ||
| Income (loss) from continuing operations before income taxes: | (39,455) | (4,682) | (26,999) | (51,493) | (93,758) | (72,827) | ||
| Income tax expense (benefit) | (1,551) | 1,196 | (432) | (1,971) | 1,014 | (1,270) | ||
| Income (loss) from continuing operations: | (41,006) | (3,486) | (27,431) | (53,464) | (92,744) | (74,097) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (41,006) | (3,486) | (27,431) | (53,464) | (92,744) | (74,097) | |
| Net income (loss) available to common stockholders, diluted: | (41,006) | (3,486) | (27,431) | (53,464) | (92,744) | (74,097) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (41,006) | (3,486) | (27,431) | (53,464) | (92,744) | (74,097) | ||
| Comprehensive income (loss): | (41,006) | (3,486) | (27,431) | (53,464) | (92,744) | (74,097) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 415 | 464 | 49 | (1,062) | 532 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (41,006) | (3,071) | (26,967) | (53,415) | (93,806) | (73,565) | ||
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.