CARDCONNECT CORP. (CCN) financial statements (2020 and earlier)
Company profile
| Business Address |
1000 CONTINENTAL DRIVE, SUITE 300 KING OF PRUSSIA, PA 19406 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 677 - Blank Checks (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2016 | 10/31/2015 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 9 | 0 | ||
| Cash and cash equivalents | 9 | 0 | ||
| Receivables | 28 | |||
| Inventory, net of allowances, customer advances and progress billings | 2 | |||
| Inventory | 2 | |||
| Prepaid expense | 4 | 0 | ||
| Other current assets | 2 | |||
| Other undisclosed current assets | 17 | |||
| Total current assets: | 63 | 0 | ||
| Noncurrent Assets | ||||
| Property, plant and equipment | 6 | |||
| Long-term investments and receivables | 0 | |||
| Due from related parties | 0 | |||
| Intangible assets, net (including goodwill) | 96 | |||
| Goodwill | 40 | |||
| Intangible assets, net (excluding goodwill) | 56 | |||
| Assets held-in-trust | 100 | |||
| Restricted cash and investments | 2 | |||
| Other noncurrent assets | 1 | |||
| Other undisclosed noncurrent assets | 0 | |||
| Total noncurrent assets: | 105 | 100 | ||
| TOTAL ASSETS: | 168 | 100 | ||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 22 | |||
| Accounts payable | 4 | |||
| Accrued liabilities | 3 | |||
| Settlement liabilities | 15 | |||
| Debt | 9 | |||
| Deferred revenue and credits | 2 | |||
| Other undisclosed current liabilities | 6 | |||
| Total current liabilities: | 38 | |||
| Noncurrent Liabilities | ||||
| Long-term debt and lease obligation | 128 | |||
| Long-term debt, excluding current maturities | 128 | |||
| Liabilities, other than long-term debt | 3 | 0 | ||
| Deferred compensation liability, classified | 0 | |||
| Deferred tax liabilities, net | 3 | |||
| Other undisclosed noncurrent liabilities | 2 | |||
| Total noncurrent liabilities: | 133 | 0 | ||
| Other undisclosed liabilities | 5 | |||
| Total liabilities: | 171 | 5 | ||
| Temporary equity, carrying amount | 37 | 90 | ||
| Stockholders' equity | ||||
| Stockholders' equity attributable to parent | (40) | 5 | ||
| Common stock | 0 | 0 | ||
| Additional paid in capital | 3 | 5 | ||
| Accumulated deficit | (43) | (0) | ||
| Total stockholders' equity: | (40) | 5 | ||
| TOTAL LIABILITIES AND EQUITY: | 168 | 100 | ||
Income statement (P&L) ($ in millions)
| 12/31/2016 | 10/31/2015 | ||
|---|---|---|---|
| Revenues | 589 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (524) | ||
| Gross profit: | 66 | ||
| Operating expenses | (601) | (0) | |
| Other undisclosed operating income | 524 | ||
| Operating loss: | (12) | (0) | |
| Nonoperating income (expense) | (5) | 0 | |
| Investment income, nonoperating | 0 | ||
| Interest and debt expense | (5) | ||
| Loss from continuing operations before equity method investments, income taxes: | (23) | (0) | |
| Other undisclosed income from continuing operations before income taxes | 5 | ||
| Loss from continuing operations before income taxes: | (18) | (0) | |
| Income tax benefit | 1 | ||
| Net loss: | (16) | (0) | |
| Other undisclosed net loss attributable to parent | (0) | ||
| Net loss attributable to parent: | (16) | (0) | |
| Preferred stock dividends and other adjustments | (2) | ||
| Net loss available to common stockholders, diluted: | (18) | (0) | |
Comprehensive Income ($ in millions)
| 12/31/2016 | 10/31/2015 | ||
|---|---|---|---|
| Net loss: | (16) | (0) | |
| Comprehensive loss, net of tax, attributable to parent: | (16) | (0) | |
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.