Falconstor Software Inc (FALC) financial statements (2021 and earlier)

Company profile

Business Address 125 BAYLIS ROAD
MELVILLE, NY 11747
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments213131322
Cash and cash equivalents21313611
Short-term investments     711
Receivables3344579
Inventory, net of allowances, customer advances and progress billings000 000
Inventory000 000
Contract with customer, asset01 
Deferred tax assets   00
Other undisclosed current assets2231122
Total current assets:7896102233
Noncurrent Assets
Operating lease, right-of-use asset12
Property, plant and equipment0001122
Intangible assets, net (including goodwill)4444444
Goodwill4444444
Intangible assets, net (excluding goodwill)0000000
Contract with customer, asset, net00 
Deferred costs3333333
Deferred income tax assets0 
Other noncurrent assets1111111
Other undisclosed noncurrent assets(3)(3)(2)(2)(2)(2)(1)
Total noncurrent assets:7877889
TOTAL ASSETS:13161613173042
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3435589
Accounts payable0111011
Accrued liabilities2334477
Taxes payable      0
Interest and dividends payable      0
Deferred revenue55
Debt33 0   
Restructuring reserve      1
Deferred revenue and credits712151723
Deferred tax liabilities   00
Other undisclosed current liabilities1     (1)
Total current liabilities:11121018202432
Noncurrent Liabilities
Long-term debt and lease obligation143    
Long-term debt, excluding current maturities133    
Operating lease, liability 1
Liabilities, other than long-term debt3348101014
Deferred revenue and credits378913
Deferred revenue22
Deferred tax liabilities, net00000
Deferred income tax liabilities1 
Other liabilities1121111
Other undisclosed noncurrent liabilities 0     
Total noncurrent liabilities:4778101014
Total liabilities:15191825303446
Commitments and contingencies(0)(1)(1)    
Temporary equity, carrying amount1312119999
Stockholders' equity
Stockholders' equity attributable to parent(15)(14)(12)(21)(22)(12)(10)
Common stock0010000
Treasury stock, value   (57)(57)(57)(57)
Additional paid in capital110112113169169168167
Accumulated other comprehensive loss(2)(2)(2)(2)(2)(2)(2)
Accumulated deficit(123)(124)(123)(131)(132)(121)(119)
Other undisclosed stockholders' equity     (1)(2)
Total stockholders' equity:(15)(14)(12)(21)(22)(13)(12)
TOTAL LIABILITIES AND EQUITY:13161613173042

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues15171825304946
Revenue, net1825304946
Cost of revenue
(Cost of Goods and Services Sold)
(2)(3)(3)(6)(8)(10)(11)
Gross profit:13141520223936
Operating expenses(11)(14)(15)(19)(32)(40)(42)
Operating income (loss):2(1)(0)1(10)(1)(6)
Nonoperating income (expense)(1)(1)(1)0(0)(0)(1)
Foreign currency transaction loss, before tax      (1)
Other nonoperating income (expense)(1)(1)(1)0(0)(0)(1)
Income (loss) from continuing operations before equity method investments, income taxes:1(1)(1)1(10)(2)(7)
Other undisclosed income from continuing operations before income taxes      1
Income (loss) from continuing operations before income taxes:1(1)(1)1(10)(2)(7)
Income tax expense (benefit)0(0)(0)(0)(1)(0)(1)
Net income (loss) attributable to parent:1(2)(1)1(11)(2)(7)
Preferred stock dividends and other adjustments(2)(2)(4)(1)(3)(2)(2)
Other undisclosed net income available to common stockholders, basic    111
Net income (loss) available to common stockholders, diluted:(0)(3)(4)0(13)(3)(8)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1(2)(1)1(11)(2)(7)
Other undisclosed comprehensive income (loss)(0)00(0)(0)(0)0
Comprehensive income (loss):1(2)(1)1(11)(2)(7)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)21(1)1127
Comprehensive income (loss), net of tax, attributable to parent:(0)00(0)(0)(0)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.

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