DZS Inc. (DZSI) financial statements (2023 and earlier)

Company profile

Business Address 5700 TENNYSON PARKWAY
PLANO, TX 75024
State of Incorp. DE
Fiscal Year End December 31
SIC 3661 - Telephone and Telegraph Apparatus (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
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47452928171910
Cash and cash equivalents47452928171810
Short-term investments     1 
Restricted cash and investments7957127 
Receivables119872746428
Inventory, net of allowances, customer advances and progress billings57403534253115
Inventory57403534253115
Contract with customer, asset261711
Other undisclosed current assets9210310117442
Total current assets:21521219516913312555
Noncurrent Assets
Operating lease, right-of-use asset131820
Property, plant and equipment10776661
Intangible assets, net (including goodwill), including:11712679 
Goodwill644444 
Intangible assets, net (excluding goodwill)5312679 
Other undisclosed intangible assets, net (including goodwill)  (4)(4)(4)(4) 
Contract with customer, asset, net   1
Restricted cash and investments  012  
Deferred income tax assets 1 
Other noncurrent assets9662520
Deferred tax assets, net33  
Other undisclosed noncurrent assets  6344 
Total noncurrent assets:4340512126212
TOTAL ASSETS:25825224619015914557
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities78645047423815
Accounts payable64493837313110
Accrued liabilities55108843
Employee-related liabilities7622231
Taxes payable25     
Deferred revenue644
Debt  41420 5
Due to related parties  2327 
Deferred revenue and credits320
Contract with customer, liability9
Other liabilities  2222 
Other undisclosed current liabilities62019192191
Total current liabilities:90898093716821
Noncurrent Liabilities
Long-term debt and lease obligation121618 3  
Long-term debt, excluding current maturities    3  
Operating lease, liability121618
Liabilities, other than long-term debt2324235542
Deferred revenue and credits22 
Deferred revenue323
Contract with customer, liability2
Liability, pension and other postretirement and postemployment benefits172018    
Other liabilities4223322
Other undisclosed noncurrent liabilities 30191477 
Total noncurrent liabilities:3570601914112
Total liabilities:126159140112857922
Stockholders' equity
Stockholders' equity attributable to parent1329410777736634
Common stock0000000
Additional paid in capital2231481409390891,077
Accumulated other comprehensive income (loss)(4)(2)(4)(0)2(3)(0)
Accumulated deficit(87)(52)(29)(16)(19)(20)(1,043)
Stockholders' equity attributable to noncontrolling interest   110 
Total stockholders' equity:1329410778746734
TOTAL LIABILITIES AND EQUITY:25825224619015914557

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues350301307282247150101
Revenue, net247150101
Cost of revenue(230)(204)(207)(191)(166)(109)(62)
Gross profit:1209710091814139
Operating expenses(153)(109)(107)(84)(81)(54)(41)
Operating income (loss):(32)(13)(7)71(13)(2)
Nonoperating income (expense)1(4)1(1)(1)00
Investment income, nonoperating000000 
Other nonoperating income (expense)1(4)1(1)(1)(0)0
Interest and debt expense(0)(1)(1)(0)(0)  
Other undisclosed loss from continuing operations before equity method investments, income taxes    (1)(1)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(31)(18)(6)6(1)(14)(2)
Other undisclosed loss from continuing operations before income taxes(0)(2)(3)(1)   
Income (loss) from continuing operations before income taxes:(31)(20)(10)5(1)(14)(2)
Income tax expense (benefit)(3)(4)(4)(2)2(1)(0)
Net income (loss):(35)(23)(13)31(15)(2)
Net income (loss) attributable to noncontrolling interest  (0)(0)(0)0 
Net income (loss) available to common stockholders, diluted:(35)(23)(13)31(15)(2)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(35)(23)(13)31(15)(2)
Other comprehensive loss (2)     
Other undisclosed comprehensive income (loss)(2)3(4)(2)5(1) 
Comprehensive income (loss):(37)(21)(17)16(16)(2)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (0)(0)(0)(0) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    00(0)
Comprehensive income (loss), net of tax, attributable to parent:(37)(21)(17)16(16)(2)

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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