8x8 Inc (EGHT) financial statements (2022 and earlier)

Company profile

Business Address 675 CREEKSIDE WAY
CAMPBELL, CA 95008
State of Incorp. DE
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 thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments244,903152,868170,852346,482152,262174,989162,850
Cash and cash equivalents200,352112,531137,394276,58331,70341,03033,576
Short-term investments44,55140,33733,45869,899120,559133,959129,274
Restricted cash and investments8,1798,17910,376    
Receivables48,44251,15037,81120,18116,29614,26411,070
Inventory, net of allowances, customer advances and progress billings     908520
Inventory     908520
Capitalized contract cost34,54130,24122,44415,601
Deferred costs     619 
Other current assets32,33234,09535,67915,12710,0406,5746,078
Other undisclosed current assets      5,382
Total current assets:368,397276,533277,162397,391178,598197,354185,900
Noncurrent Assets
Operating lease, right-of-use asset59,70266,66478,963
Property, plant and equipment81,61093,07694,38252,83535,73216,38412,375
Long-term investments and receivables6,933 16,083    
Long-term investments6,933 16,083    
Intangible assets, net (including goodwill)144,687148,650152,30151,37452,01263,17468,884
Goodwill131,186131,520128,30039,69440,05446,13647,420
Intangible assets, net (excluding goodwill)13,50117,13024,00111,68011,95817,03821,464
Capitalized contract cost, net76,70172,42753,30733,693
Restricted cash and investments4624628,641    
Other noncurrent assets17,34920,59719,8022,9652,7678,0843,104
Other undisclosed noncurrent assets   8,1008,10048,85943,189
Total noncurrent assets:387,444401,876423,479148,96798,611136,501127,552
TOTAL ASSETS:755,841678,409700,641546,358277,209333,855313,452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities84,98687,699110,44571,36953,70440,87632,483
Accounts payable24,72731,23640,26132,28023,89915,71110,954
Accrued liabilities16,54414,45537,2776,7906,0268,3036,266
Employee-related liabilities29,33929,87922,65618,43717,41211,50810,063
Taxes payable14,37612,12910,25113,8626,3675,3545,200
Deferred revenue23,55020,7377,105
Debt  5,875 (1,049)(918)(588)
Deferred revenue and credits 3,2442,225
Contract with customer, liability3,336
Other undisclosed current liabilities12,95512,942  3,608142614
Total current liabilities:121,491121,378123,42574,70556,26343,34434,734
Noncurrent Liabilities
Long-term debt and lease obligation515,115390,891383,989216,035   
Long-term debt, excluding current maturities440,988308,435291,537216,035   
Operating lease, liability74,12782,45692,452
Liabilities, other than long-term debt2,0625,6362,4966,2282,1531,9103,412
Deferred revenue and credits 60154
Contract with customer, liability6
Other liabilities2,0625,6362,4966,2222,1531,8503,258
Other undisclosed noncurrent liabilities    19  
Total noncurrent liabilities:517,177396,527386,485222,2632,1721,9103,412
Total liabilities:638,668517,905509,910296,96858,43545,25438,146
Stockholders' equity
Stockholders' equity attributable to parent117,173160,504190,731249,390218,774288,601275,306
Common stock11210910396939189
Additional paid in capital843,192755,643625,474506,949425,790412,762389,260
Accumulated other comprehensive loss(5,275)(4,193)(12,176)(7,353)(5,645)(9,642)(4,184)
Accumulated deficit(720,856)(591,055)(422,670)(250,302)(201,464)(114,610)(109,859)
Total stockholders' equity:117,173160,504190,731249,390218,774288,601275,306
TOTAL LIABILITIES AND EQUITY:755,841678,409700,641546,358277,209333,855313,452

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues664,343532,344446,237352,586296,500253,388209,336
Revenue, net 253,388209,336
Cost of revenue
(Cost of Goods and Services Sold)
     (42,400)(20,168)
Gross profit:664,343532,344446,237352,586296,500210,988189,168
Operating expenses(810,429)(678,493)(606,056)(443,574)(338,396)(260,057)(216,410)
Other undisclosed operating income     42,40020,168
Operating loss:(146,086)(146,149)(159,819)(90,988)(41,896)(6,669)(7,074)
Nonoperating income (expense)(26,297)(18,593)(11,717)2,8183,6931,7921,107
Loss from continuing operations before income taxes:(172,383)(164,742)(171,536)(88,170)(38,203)(4,877)(5,967)
Income tax expense (benefit)(735)(843)(832)(569)(66,294)126847
Net loss available to common stockholders, diluted:(173,118)(165,585)(172,368)(88,739)(104,497)(4,751)(5,120)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net loss:(173,118)(165,585)(172,368)(88,739)(104,497)(4,751)(5,120)
Comprehensive loss:(173,118)(165,585)(172,368)(88,739)(104,497)(4,751)(5,120)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6,1137,983(4,823)(1,708)3,997(5,458)(2,075)
Comprehensive loss, net of tax, attributable to parent:(167,005)(157,602)(177,191)(90,447)(100,500)(10,209)(7,195)

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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