Casa Systems, Inc. (CASA) financial statements (2022 and earlier)

Company profile

Business Address 100 OLD RIVER ROAD
ANDOVER, MA 01810
State of Incorp. DE
Fiscal Year End December 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments154,703157,455113,638280,587
Cash and cash equivalents154,703157,455113,638280,587
Receivables85,77494,12493,10081,782
Inventory, net of allowances, customer advances and progress billings84,828101,20493,60450,997
Inventory84,828101,20493,60450,997
Prepaid expense23,96314,0873,217390
Contract with customer, asset  50 
Capitalized contract cost  585 
Other undisclosed current assets5,7463,8644,2493,755
Total current assets:355,014370,734308,443417,511
Noncurrent Assets
Property, plant and equipment23,50828,88035,91029,879
Long-term investments and receivables1151435752,388
Accounts and financing receivable, after allowance for credit loss1151435752,388
Intangible assets, net (including goodwill)81,32186,02191,495 
Goodwill50,17750,17750,347 
Intangible assets, net (excluding goodwill)31,14435,84441,148 
Restricted cash and investments   1,019
Deferred income tax assets1011,150 
Other noncurrent assets8,6486,0387,8203,293
Other undisclosed noncurrent assets  6920,559
Total noncurrent assets:113,693122,232135,86957,138
TOTAL ASSETS:468,707492,966444,312474,649
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities66,06988,43960,22450,358
Accounts payable28,08741,20325,89017,776
Accrued liabilities11,24016,98815,0449,987
Employee-related liabilities21,75122,72218,54018,301
Taxes payable4,9917,463 958
Interest and dividends payable 637503,336
Deferred revenue14,47315,53125,485
Debt1,92415,1718,5242,179
Contract with customer, liability31,206
Other undisclosed current liabilities8,391202335,368
Total current liabilities:90,857119,16194,46689,111
Noncurrent Liabilities
Long-term debt and lease obligation274,193276,085284,756293,280
Long-term debt, excluding current maturities274,193276,085284,756293,280
Liabilities, other than long-term debt21,73821,34617,53317,402
Accounts payable and accrued liabilities7,7329,52012,3814,923
Deferred revenue7,0123,5204,583
Contract with customer, liability12,479
Deferred income tax liabilities5,2937,282 
Other liabilities1,7011,024569 
Other undisclosed noncurrent liabilities  8,993 
Total noncurrent liabilities:295,931297,431311,282310,682
Total liabilities:386,788416,592405,748399,793
Stockholders' equity
Stockholders' equity attributable to parent81,91976,37438,56474,856
Common stock88858483
Treasury stock, value(13,645)(4,826)(1,795) 
Additional paid in capital193,654183,041169,561156,939
Accumulated other comprehensive income (loss)878337(2,222)(1,158)
Accumulated deficit(99,056)(102,263)(127,064)(81,008)
Total stockholders' equity:81,91976,37438,56474,856
TOTAL LIABILITIES AND EQUITY:468,707492,966444,312474,649

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues401,325393,246282,297297,127
Cost of revenue
(Cost of Goods and Services Sold)
(213,145)(192,647)(119,765)(79,161)
Gross profit:188,180200,599162,532217,966
Operating expenses(169,925)(176,386)(171,651)(139,000)
Operating income (loss):18,25524,213(9,119)78,966
Nonoperating expense(14,761)(14,464)(15,296)(13,028)
Investment income, nonoperating3629994,4066,259
Interest and debt expense(14,958)(16,895)(20,522)(19,763)
Income (loss) from continuing operations before equity method investments, income taxes:(11,464)(7,146)(44,937)46,175
Other undisclosed income from continuing operations before income taxes14,95816,89520,52219,763
Income (loss) from continuing operations before income taxes:3,4949,749(24,415)65,938
Income tax expense (benefit)(287)15,052(23,791)7,068
Net income (loss) available to common stockholders, diluted:3,20724,801(48,206)73,006

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):3,20724,801(48,206)73,006
Other comprehensive income (loss)(261)49(261)(343)
Comprehensive income (loss):2,94624,850(48,467)72,663
Other undisclosed comprehensive income (loss), net of tax, attributable to parent8022,510(803)(1,009)
Comprehensive income (loss), net of tax, attributable to parent:3,74827,360(49,270)71,654

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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