Echelon Corp (ELON) financial statements (2022 and earlier)

Company profile

Business Address 2901 PATRICK HENRY DRIVE
SANTA CLARA, CA 95054
State of Incorp. DE
Fiscal Year End December 31
SIC 3576 - Computer Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,22821,78624,66942,16957,63561,855
Cash and cash equivalents7,2619,8037,69113,34014,64818,876
Short-term investments11,96711,98316,97828,82942,98742,979
Restricted cash and investments1,2501,2501,4011,401  
Receivables2,7213,0154,0304,10610,52215,725
Inventory, net of allowances, customer advances and progress billings3,2512,5702,8933,2436,44511,729
Inventory3,2512,5702,8933,2436,44511,729
Deferred costs1,7671,1041,1229351,649846
Disposal group, including discontinued operation   597  
Prepaid expense and other current assets2,0402,662
Other current assets1,1529001,1091,084 
Other undisclosed current assets   (158)  
Total current assets:29,36930,62535,22453,37778,29192,817
Noncurrent Assets
Property, plant and equipment45844559510,19018,67021,777
Intangible assets, net (including goodwill)7259531,1837,3498,3908,276
Goodwill   5,9368,3908,276
Intangible assets, net (excluding goodwill)7259531,1831,413  
Disposal group, including discontinued operation, noncurrent assets   36
Other noncurrent assets9878851,044694 
Prepaid expense and other noncurrent assets777713
Total noncurrent assets:2,1702,2832,82218,26927,83730,766
TOTAL ASSETS:31,53932,90838,04671,646106,128123,583
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1953,8715,1527,95412,89413,305
Accounts payable2,3171,6972,2673,6145,4248,551
Accrued liabilities1,8782,1742,8852,8447,3954,637
Employee-related liabilities   1,463  
Taxes payable   3375117
Debt   2,4592,2572,056
Restructuring reserve   701
Disposal group, including discontinued operation   1,024  
Deferred revenue and credits4,8053,6713,3593,1266,1604,948
Other undisclosed current liabilities   (2,197)(110)(153)
Total current liabilities:9,0007,5428,51113,06721,20120,156
Noncurrent Liabilities
Long-term debt and lease obligation   13,66215,92818,185
Long-term debt, excluding current maturities   13,66215,92818,185
Liabilities, other than long-term debt6526886141,7401,0221,447
Other liabilities6526886141,7401,0221,447
Total noncurrent liabilities:65268861415,40216,95019,632
Total liabilities:9,6528,2309,12528,46938,15139,788
Stockholders' equity
Stockholders' equity attributable to parent, including:21,63324,42428,66742,92367,18882,198
Treasury stock, value(28,130)(28,130)(28,130)(28,130)(28,130)(28,130)
Additional paid in capital359,339358,123356,746356,181354,680352,589
Accumulated other comprehensive income (loss)(1,821)(2,437)(1,594)(431)1,015509
Accumulated deficit(307,803)(303,180)(298,402)(285,169)(260,843)(243,233)
Other undisclosed stockholders' equity attributable to parent484847472466463
Stockholders' equity attributable to noncontrolling interest2542542542547891,597
Total stockholders' equity:21,88724,67828,92143,17767,97783,795
TOTAL LIABILITIES AND EQUITY:31,53932,90838,04671,646106,128123,583

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues31,66732,38538,80438,73086,160134,017
Revenue, net 1,3134,9092,99397,923140,475
Cost of revenue(14,016)(14,302)(16,528)(16,818)(43,003)(77,562)
Cost of goods and services sold(121)(123)(123)(46)(43,003)(77,562)
Gross profit:17,65118,08322,27621,91243,15756,455
Operating expenses(21,804)(22,812)(35,863)(37,142)(59,327)(67,695)
Operating loss:(4,153)(4,729)(13,587)(15,230)(16,170)(11,240)
Nonoperating income (expense)(498)808791930(702)(362)
Loss on contract termination  (3,337)   
Interest and debt expense  (387)(1,100)(1,235)(1,360)
Loss from continuing operations before equity method investments, income taxes:(4,651)(3,921)(13,183)(15,400)(18,107)(12,962)
Other undisclosed income (loss) from continuing operations before income taxes498(808)(404)1701,9371,722
Loss from continuing operations before income taxes:(4,153)(4,729)(13,587)(15,230)(16,170)(11,240)
Income tax expense (benefit)28(182)(50)(211)(311)(219)
Other undisclosed income from continuing operations 808404   
Loss from continuing operations:(4,125)(4,103)(13,233)(15,441)(16,481)(11,459)
Loss from discontinued operations   (9,250)  
Loss before gain (loss) on sale of properties:(4,125)(4,103)(13,233)(24,691)(16,481)(11,459)
Other undisclosed net loss(498)  (170)(1,937)(1,722)
Net loss:(4,623)(4,103)(13,233)(24,861)(18,418)(13,181)
Net income (loss) attributable to noncontrolling interest   (535)808363
Other undisclosed net income attributable to parent   1,070  
Net loss available to common stockholders, diluted:(4,623)(4,103)(13,233)(24,326)(17,610)(12,818)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(4,623)(4,103)(13,233)(24,861)(18,418)(13,181)
Other undisclosed comprehensive income (loss)616(843)(1,163)(1,446)506265
Comprehensive loss:(4,007)(4,946)(14,396)(26,307)(17,912)(12,916)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (535)(808)(363)
Other undisclosed comprehensive income, net of tax, attributable to parent   1,0701,616726
Comprehensive loss, net of tax, attributable to parent:(4,007)(4,946)(14,396)(25,772)(17,104)(12,553)

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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