Bandwidth Inc. (BAND) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments721845938
Cash and cash equivalents721844138
Short-term investments  17 
Receivables55302421
Deferred costs2233
Other undisclosed current assets641064
Total current assets:1942279165
Noncurrent Assets
Finance lease, right-of-use asset0 
Operating lease, right-of-use asset1921
Property, plant and equipment6422515
Intangible assets, net (including goodwill)620131415
Goodwill372777
Intangible assets, net (excluding goodwill)248778
Deferred costs4222
Deferred income tax assets 35
Other noncurrent assets2211
Other undisclosed noncurrent assets45 177
Total noncurrent assets:6971145939
TOTAL ASSETS:891341150104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities75322519
Accounts payable12433
Accrued liabilities63272116
Deferred revenue75
Debt 5 0
Deferred revenue and credits6
Contract with customer, liability8
Other undisclosed current liabilities114  
Total current liabilities:92463325
Noncurrent Liabilities
Long-term debt and lease obligation29920  
Long-term debt, excluding current maturities282   
Operating lease, liability1720
Liabilities, other than long-term debt69693
Deferred revenue and credits3
Deferred revenue66
Contract with customer, liability6
Deferred rent credit  3
Deferred income tax liabilities61 
Other liabilities2  1
Total noncurrent liabilities:3682693
Total liabilities:461714228
Stockholders' equity
Stockholders' equity attributable to parent, including:43027010977
Additional paid in capital451276117102
Accumulated other comprehensive income (loss)280(0) 
Accumulated deficit(50)(6)(8)(26)
Other undisclosed stockholders' equity attributable to parent0000
Total stockholders' equity:43027010977
TOTAL LIABILITIES AND EQUITY:891341150104

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues343233204163
Revenue, net163
Cost of revenue(185)(125)(108)(89)
Cost of goods and services sold(185)(125) (76)
Other cost of operating revenue   (13)
Gross profit:1581089674
Operating expenses(171)(125)(89)(59)
Operating income (loss):(14)(18)715
Nonoperating income11020 
Debt instrument, convertible, beneficial conversion feature125   
Other nonoperating income (expense)(15)20 
Interest and debt expense(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:(29)(15)714
Other undisclosed income (loss) from continuing operations before income taxes  0(1)
Income (loss) from continuing operations before income taxes:(29)(15)713
Income tax expense (benefit)(15)1811(7)
Net income (loss) attributable to parent:(44)2186
Undistributed earnings (loss) allocated to participating securities, basic   (1)
Net income (loss) available to common stockholders, diluted:(44)2185

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(44)2186
Other comprehensive loss  (0) 
Comprehensive income (loss):(44)2186
Other undisclosed comprehensive income, net of tax, attributable to parent280  
Comprehensive income (loss), net of tax, attributable to parent:(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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