Bandwidth Inc. (BAND) Financial Statements (2024 and earlier)

Company Profile

Business Address 2230 BANDMATE WAY
RALEIGH, NC 27607
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments184,872331,45372,163184,41458,66137,627
Cash and cash equivalents113,641331,45372,163184,41441,26137,627
Short-term investments71,231   17,400 
Receivables74,46561,57255,24330,18724,00921,225
Deferred costs3,5663,2042,4112,4982,6302,633
Other undisclosed current assets16,70516,65663,7829,8506,1143,767
Total current assets:279,608412,885193,599226,94991,41465,252
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 307373464 
Operating lease, right-of-use asset9,99314,06119,49121,031
Property, plant and equipment 8,4007,5005,95741,65425,13614,946
Intangible assets, net (including goodwill)503,775555,640620,29413,43613,95614,510
Goodwill326,405344,423372,2396,8676,8676,867
Intangible assets, net (excluding goodwill)177,370211,217248,0556,5697,0897,643
Deferred costs4,9384,6763,6041,9521,8282,068
Deferred income tax assets    34,861
Other noncurrent assets31,2518,6731,9751,5337271,192
Other undisclosed noncurrent assets91,04661,73145,224 17,3596,526
Total noncurrent assets:649,710652,654697,009114,46759,00639,242
TOTAL ASSETS:929,3181,065,539890,608341,416150,420104,494
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities89,32775,06374,73031,51824,81118,658
Accounts payable26,7509,14211,6654,1903,4183,025
Accrued liabilities62,57765,92163,06527,32821,39315,633
Deferred revenue7,1816,2486,5155,177
Debt 143  4,876 92
Deferred revenue and credits5,768
Contract with customer, liability7,912
Other undisclosed current liabilities17,35612,18710,9444,167  
Total current liabilities:114,00793,49892,18945,73832,72324,518
Noncurrent Liabilities
Long-term debt and lease obligation480,546497,398299,39819,868  
Long-term debt, excluding current maturities480,546486,440282,196   
Liabilities, other than long-term debt62,58862,04869,0985,7208,9273,265
Deferred revenue and credits2,549
Deferred revenue8,3067,6346,3865,720
Contract with customer, liability6,424
Deferred rent credit     2,503
Deferred income tax liabilities38,46648,39661,005 
Other liabilities11,1766,0181,707  716
Operating lease, liability4,64010,95817,20219,868
Total noncurrent liabilities:543,134559,446368,49625,5888,9273,265
Total liabilities:657,141652,944460,68571,32641,65027,783
Equity
Equity, attributable to parent, including:272,177412,595429,923270,090108,77076,711
Additional paid in capital364,913502,477451,463275,553116,600102,465
Accumulated other comprehensive income (loss)(44,214)(13,040)27,94141(1) 
Accumulated deficit(48,547)(76,867)(49,505)(5,528)(7,848)(25,771)
Other undisclosed equity, attributable to parent252524241917
Total equity:272,177412,595429,923270,090108,77076,711
TOTAL LIABILITIES AND EQUITY:929,3181,065,539890,608341,416150,420104,494

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues573,152490,907343,113232,594204,113162,955
Revenue, net162,955
Cost of revenue(334,799)(272,384)(185,252)(124,959)(108,145)(89,262)
Cost of goods and services sold(334,799)(272,384)(185,252)(124,959) (75,859)
Other cost of operating revenue      (13,403)
Gross profit:238,353218,523157,861107,63595,96873,693
Operating expenses(262,677)(220,760)(171,366)(125,328)(89,216)(59,076)
Operating income (loss):(24,324)(2,237)(13,505)(17,693)6,75214,617
Nonoperating income (expense)41,630(28,958)109,7172,484301 
Debt instrument, convertible, beneficial conversion feature   125,152   
Other nonoperating income (expense)4,473(28,958)(15,467)2,469301 
Interest and debt expense(14)(18)(16,408)(177)(64)(376)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (108,776)162  
Income (loss) from continuing operations before equity method investments, income taxes:17,292(31,213)(28,972)(15,224)6,98914,241
Other undisclosed income (loss) from continuing operations before income taxes     64(1,352)
Income (loss) from continuing operations before income taxes:17,292(31,213)(28,972)(15,224)7,05312,889
Income tax expense (benefit)2,2643,833(15,005)17,71810,870(6,918)
Income (loss) from continuing operations:19,556(27,380)(43,977)2,49417,9235,971
Income (loss) before gain (loss) on sale of properties:(27,380)(43,977)2,49417,9235,971
Net income (loss):19,556(27,380)(43,977)2,49417,9235,971
Other undisclosed net income attributable to parent1418    
Net income (loss) attributable to parent:19,570(27,362)(43,977)2,49417,9235,971
Undistributed earnings (loss) allocated to participating securities, basic      (644)
Net income (loss) available to common stockholders, basic:19,570(27,362)(43,977)2,49417,9235,327
Interest on convertible debt5,147     
Other undisclosed net loss available to common stockholders, diluted(39,614)     
Net income (loss) available to common stockholders, diluted:(14,897)(27,362)(43,977)2,49417,9235,327

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):19,556(27,380)(43,977)2,49417,9235,971
Other comprehensive loss     (1) 
Comprehensive income (loss):19,556(27,380)(43,977)2,49417,9225,971
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(31,160)(40,963)27,90042  
Comprehensive income (loss), net of tax, attributable to parent:(11,604)(68,343)(16,077)2,53617,9225,971

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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