Boingo Wireless, Inc. (WIFI) financial statements (2021 and earlier)

Company profile

Business Address 10960 WILSHIRE BLVD., 23RD FLOOR
LOS ANGELES, CA 90024
State of Incorp. DE
Fiscal Year End December 31
SIC 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 investments418114927191510
Cash and cash equivalents36401492719159
Short-term investments540    2
Receivables28334325394226
Deferred tax assets    1
Other undisclosed current assets8887966
Total current assets:7712220059686243
Noncurrent Assets
Operating lease, right-of-use asset1315
Property, plant and equipment406380314262251215112
Intangible assets, net (including goodwill)69747953565862
Goodwill59596042424242
Intangible assets, net (excluding goodwill)11151910141620
Other noncurrent assets1191010662
Total noncurrent assets:500478403325313279176
TOTAL ASSETS:576600603384381341219
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities78898454436635
Accounts payable2224221216294
Accrued liabilities56656342283626
Employee-related liabilities      2
Taxes payable      0
Settlement liabilities      2
Deferred revenue6561
Debt1676421
Deferred revenue and credits62512626
Contract with customer, liability80
Other undisclosed current liabilities32 11 (5)
Total current liabilities:148158171122999457
Noncurrent Liabilities
Long-term debt and lease obligation, including:186181575190
Long-term debt, excluding current maturities172163152 1617 
Finance lease, liability 1
Capital lease obligations  320
Operating lease, liability1417
Other undisclosed long-term debt and lease obligation  (147)7(14)  
Liabilities, other than long-term debt16116814515616311632
Deferred revenue and credits14915310727
Deferred revenue159167
Contract with customer, liability137
Deferred tax liabilities, net11333
Deferred income tax liabilities11
Other liabilities0076761
Other undisclosed noncurrent liabilities 0152 16 3
Total noncurrent liabilities:34734930216318313535
Total liabilities:49550747328528222992
Stockholders' equity
Stockholders' equity attributable to parent, including:82921289898111126
Common stock000000 
Additional paid in capital242235259231211198190
Accumulated other comprehensive loss(2)(1)(1)(1)(1)(1)(0)
Accumulated deficit(158)(141)(130)(132)(113)(85)(63)
Other undisclosed stockholders' equity attributable to parent      0
Stockholders' equity attributable to noncontrolling interest0121111
Total stockholders' equity:82931309999112127
TOTAL LIABILITIES AND EQUITY:576600603384381341219

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues237264251204159140119
Revenue, net204159140119
Cost of revenue(115)(174)(165)(137)(111)(96)(84)
Cost of goods and services sold(115)(120)(52)(48)(42)(34)(25)
Gross profit:123898567484436
Operating expenses(132)(93)(88)(88)(74)(65)(54)
Operating loss:(9)(4)(3)(21)(26)(22)(18)
Nonoperating income (expense)12(2)(0)(0)(0)(0)
Investment income, nonoperating1210000
Interest and debt expense(9)(9)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes  00000
Loss from continuing operations before income taxes:(18)(10)(5)(21)(27)(22)(18)
Income tax expense (benefit)(0)052(0)(0)(1)
Net income (loss):(18)(10)0(19)(27)(22)(19)
Net income (loss) attributable to noncontrolling interest1(0)(1)(1)(0)(0)(1)
Net loss attributable to parent:(17)(10)(1)(19)(27)(22)(20)
Preferred stock dividends and other adjustments  (24)    
Net loss available to common stockholders, diluted:(17)(10)(25)(19)(27)(22)(20)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(18)(10)0(19)(27)(22)(19)
Other comprehensive income (loss)(1)(0)(0)(0)0(1)(0)
Comprehensive loss:(19)(10)(0)(19)(27)(23)(19)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(0)(2)(1)(0)(0)(1)
Comprehensive loss, net of tax, attributable to parent:(18)(10)(2)(19)(27)(23)(20)

Statements sources

The financial statements are based on the company's filings with the 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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