Alaska Communications Systems Group, Inc. (ALSK) financial statements (2023 and earlier)

Company profile

Business Address 600 TELEPHONE AVENUE
ANCHORAGE, AK 99503
State of Incorp. DE
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 26,79613,4854,35421,22836,001
Cash and cash equivalents 26,66213,3514,35421,22836,001
Short-term investments 134134   
Restricted cash and investments 1,6311,63411,8141,9171,824
Receivables 36,86436,55932,53525,06225,225
Inventory, net of allowances, customer advances and progress billings 8,9006,7377,0464,9174,674
Inventory 8,9006,7377,0464,9174,674
Prepaid expense 3,5283,878   
Other current assets 3,5793,204   
Other undisclosed current assets   6,1155,9958,068
Total current assets: 81,29865,49761,86459,11975,792
Noncurrent Assets
Operating lease, right-of-use asset 80,991
Property, plant and equipment 382,358373,180366,113366,849369,322
Other noncurrent assets 12,59816,01011,4151,6741,827
Other undisclosed noncurrent assets  4983,39414,71816,660
Total noncurrent assets: 475,947389,688380,922383,241387,809
TOTAL ASSETS: 557,245455,185442,786442,360463,601
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 27,11128,10027,02528,17733,419
Accounts payable 14,91814,62717,73913,78216,057
Employee-related liabilities 12,19313,4739,28614,39517,362
Deferred revenue 7,311
Debt 8,9062,28917,0301,9733,671
Deferred revenue and credits4,8174,502 
Customer advances and deposits323131
Other liabilities 4,6866,7624,3065,50112,356
Other undisclosed current liabilities 6,55610,1194,1814,1369,982
Total current liabilities: 54,57047,27057,39144,32059,459
Noncurrent Liabilities
Long-term debt and lease obligation, including: 167,476168,023168,959177,626185,018
Finance lease, liability 2,676
Other undisclosed long-term debt and lease obligation 164,800168,023168,959177,626185,018
Liabilities, other than long-term debt 82,92370,14261,92661,53865,265
Deferred tax liabilities, net2,315596  
Deferred income tax liabilities 4,403
Other liabilities 78,52067,82761,33061,53865,265
Other undisclosed noncurrent liabilities 78,767    
Total noncurrent liabilities: 329,166238,165230,885239,164250,283
Total liabilities: 383,736285,435288,276283,484309,742
Stockholders' equity
Stockholders' equity attributable to parent 172,663168,811153,519157,831152,756
Common stock 541533525515505
Treasury stock, value (1,812)    
Additional paid in capital 161,844160,514158,969159,474156,971
Accumulated other comprehensive loss (3,277)(2,675)(2,396)(2,910)(3,086)
Retained earnings (accumulated deficit) 15,36710,439(3,579)752(1,634)
Stockholders' equity attributable to noncontrolling interest 8469399911,0451,103
Total stockholders' equity: 173,509169,750154,510158,876153,859
TOTAL LIABILITIES AND EQUITY: 557,245455,185442,786442,360463,601

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 231,694232,468226,905226,866281,049
Revenue, net226,905226,866232,817
Financial services revenue  48,232
Cost of revenue (105,771)(107,634)(104,654)(102,137)(109,067)
Cost of goods and services sold (105,615)(107,509)(104,604)(102,137)(107,162)
Other undisclosed gross profit  12550 (51,288)
Gross profit: 125,923124,959122,301124,729120,694
Operating expenses (103,994)(100,555)(103,544)(105,220)(76,004)
Other undisclosed operating income (loss)  (125)(50) 3,056
Operating income: 21,92924,27918,70719,50947,746
Nonoperating expense (14,329)(13,250)(22,353)(15,757)(24,661)
Interest and debt expense (2,830)(13,429)(7,527)(336)(4,878)
Income (loss) from continuing operations before equity method investments, income taxes: 4,770(2,400)(11,173)3,41618,207
Other undisclosed income from continuing operations before income taxes 2,83013,4297,5273364,878
Income (loss) from continuing operations before income taxes: 7,60011,029(3,646)3,75223,085
Income tax expense (2,765)(2,041)(2,584)(1,499)(10,200)
Net income (loss): 4,8358,988(6,230)2,25312,885
Net income attributable to noncontrolling interest 939212913369
Net income (loss) available to common stockholders, diluted: 4,9289,080(6,101)2,38612,954

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): 4,8358,988(6,230)2,25312,885
Other comprehensive income (loss) 144(222)3641762,065
Other undisclosed comprehensive income (loss) (746)(57)575  
Comprehensive income (loss): 4,2338,709(5,291)2,42914,950
Comprehensive income, net of tax, attributable to noncontrolling interest 939212913369
Comprehensive income (loss), net of tax, attributable to parent: 4,3268,801(5,162)2,56215,019

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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