Covisint Corp (COVS) financial statements (2020 and earlier)

Company profile

Business Address 26533 EVERGREEN RD., SUITE 500
SOUTHFIELD, MI 48076
State of Incorp. MI
Fiscal Year End March 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33405050
Cash and cash equivalents33405050
Receivables8131525
Prepaid expense223 
Deferred tax assets  01
Other current assets1246
Total current assets:44567381
Noncurrent Assets
Property, plant and equipment5895
Intangible assets, net (including goodwill)35373648
Goodwill25252525
Intangible assets, net (excluding goodwill)10111123
Deferred costs0126
Other noncurrent assets0011
Deferred tax assets, net0020
Total noncurrent assets:41464960
TOTAL ASSETS:85102122141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities59144
Accounts payable2584
Accrued liabilities337 
Deferred revenue and credits15161817
Deferred tax liabilities  2 
Other undisclosed current liabilities   5
Total current liabilities:20243426
Noncurrent Liabilities
Liabilities, other than long-term debt56714
Deferred revenue and credits24411
Accounts payable and accrued liabilities223 
Deferred tax liabilities, net00 3
Other undisclosed noncurrent liabilities   0
Total noncurrent liabilities:56714
Total liabilities:25314040
Stockholders' equity
Stockholders' equity attributable to parent607181102
Additional paid in capital164162157141
Accumulated other comprehensive loss(0)(0)(0)(0)
Accumulated deficit(103)(91)(76)(39)
Total stockholders' equity:607181102
TOTAL LIABILITIES AND EQUITY:85102122141

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

3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues70768997
Cost of revenue(33)(35)(66)(56)
Gross profit:37412241
Operating expenses(50)(56)(61)(76)
Operating loss:(13)(15)(39)(36)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0(0)  
Other undisclosed income from continuing operations before equity method investments, income taxes  0 
Loss from continuing operations before income taxes:(13)(15)(38)(36)
Income tax expense(0)(0)(0)(0)
Net loss available to common stockholders, diluted:(13)(15)(39)(36)

Comprehensive Income ($ in millions)

3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net loss:(13)(15)(39)(36)
Other comprehensive loss(0)(0)(0)(0)
Comprehensive loss, net of tax, attributable to parent:(13)(15)(39)(36)

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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