Bandwidth Inc. (BAND) financial statements (2022 and earlier)

Company profile

Business Address 900 MAIN CAMPUS DRIVE
RALEIGH, NC 27606
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments331721845938
Cash and cash equivalents331721844138
Short-term investments   17 
Receivables6255302421
Deferred costs32233
Other undisclosed current assets17641064
Total current assets:4131942279165
Noncurrent Assets
Finance lease, right-of-use asset00 
Operating lease, right-of-use asset141921
Property, plant and equipment86422515
Intangible assets, net (including goodwill)556620131415
Goodwill344372777
Intangible assets, net (excluding goodwill)211248778
Deferred costs54222
Deferred income tax assets  35
Other noncurrent assets92211
Other undisclosed noncurrent assets6245 177
Total noncurrent assets:6536971145939
TOTAL ASSETS:1,066891341150104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7575322519
Accounts payable912433
Accrued liabilities6663272116
Deferred revenue675
Debt  5 0
Deferred revenue and credits6
Contract with customer, liability8
Other undisclosed current liabilities12114  
Total current liabilities:9392463325
Noncurrent Liabilities
Long-term debt and lease obligation49729920  
Long-term debt, excluding current maturities486282   
Operating lease, liability111720
Liabilities, other than long-term debt6269693
Deferred revenue and credits3
Deferred revenue866
Contract with customer, liability6
Deferred rent credit   3
Deferred income tax liabilities4861 
Other liabilities62  1
Total noncurrent liabilities:5593682693
Total liabilities:653461714228
Stockholders' equity
Stockholders' equity attributable to parent, including:41343027010977
Additional paid in capital502451276117102
Accumulated other comprehensive income (loss)(13)280(0) 
Accumulated deficit(77)(50)(6)(8)(26)
Other undisclosed stockholders' equity attributable to parent00000
Total stockholders' equity:41343027010977
TOTAL LIABILITIES AND EQUITY:1,066891341150104

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues491343233204163
Revenue, net163
Cost of revenue(272)(185)(125)(108)(89)
Cost of goods and services sold(272)(185)(125) (76)
Other cost of operating revenue    (13)
Gross profit:2191581089674
Operating expenses(221)(171)(125)(89)(59)
Operating income (loss):(2)(14)(18)715
Nonoperating income (expense)(29)11020 
Debt instrument, convertible, beneficial conversion feature 125   
Other nonoperating income (expense)(29)(15)20 
Interest and debt expense(0)(16)(0)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (109)0  
Income (loss) from continuing operations before equity method investments, income taxes:(31)(29)(15)714
Other undisclosed income (loss) from continuing operations before income taxes   0(1)
Income (loss) from continuing operations before income taxes:(31)(29)(15)713
Income tax expense (benefit)4(15)1811(7)
Net income (loss):(27)(44)2186
Other undisclosed net income attributable to parent0    
Net income (loss) attributable to parent:(27)(44)2186
Undistributed earnings (loss) allocated to participating securities, basic    (1)
Net income (loss) available to common stockholders, diluted:(27)(44)2185

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(27)(44)2186
Other comprehensive loss   (0) 
Comprehensive income (loss):(27)(44)2186
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(41)280  
Comprehensive income (loss), net of tax, attributable to parent:(68)(16)3186

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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