Falconstor Software Inc (FALC) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1313132227
Cash and cash equivalents131361119
Short-term investments    7118
Receivables24457911
Inventory, net of allowances, customer advances and progress billings00 0001
Inventory00 0001
Contract with customer, asset1 
Deferred tax assets   000
Other undisclosed current assets2311222
Total current assets:69610223342
Noncurrent Assets
Operating lease, right-of-use asset2
Property, plant and equipment0011223
Intangible assets, net (including goodwill)4444444
Goodwill4444444
Intangible assets, net (excluding goodwill)0000000
Contract with customer, asset, net0 
Deferred costs333333 
Other noncurrent assets1111112
Other undisclosed noncurrent assets(2)(2)(2)(2)(2)(1)2
Total noncurrent assets:87788911
TOTAL ASSETS:14161317304253
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33558910
Accounts payable1110111
Accrued liabilities2344779
Taxes payable     00
Interest and dividends payable     0 
Debt2 0    
Restructuring reserve     1
Deferred revenue and credits71215172318
Deferred tax liabilities   000
Other undisclosed current liabilities5    (1)(0)
Total current liabilities:10101820243228
Noncurrent Liabilities
Long-term debt and lease obligation43     
Long-term debt, excluding current maturities33     
Operating lease, liability1
Liabilities, other than long-term debt14810101412
Deferred revenue and credits37891312
Deferred tax liabilities, net000000
Liability for uncertainty in income taxes0      
Other liabilities1211111
Other undisclosed noncurrent liabilities3      
Total noncurrent liabilities:87810101412
Total liabilities:18182530344640
Commitments and contingencies(1)(1)     
Temporary equity, carrying amount12119999 
Stockholders' equity
Stockholders' equity attributable to parent(15)(12)(21)(22)(12)(10)6
Common stock0100000
Treasury stock, value  (57)(57)(57)(57)(47)
Additional paid in capital112113169169168167167
Accumulated other comprehensive loss(2)(2)(2)(2)(2)(2)(2)
Accumulated deficit(125)(123)(131)(132)(121)(119)(112)
Other undisclosed stockholders' equity    (1)(2)7
Total stockholders' equity:(15)(12)(21)(22)(13)(12)13
TOTAL LIABILITIES AND EQUITY:14161317304253

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues17182530494659
Revenue, net9182530494659
Cost of revenue
(Cost of Goods and Services Sold)
(4)(3)(6)(8)(10)(11)(15)
Gross profit:14152022393643
Operating expenses(15)(15)(19)(32)(40)(42)(57)
Operating income (loss):(1)(0)1(10)(1)(6)(14)
Nonoperating income (expense)(1)(1)0(0)(0)(1)3
Foreign currency transaction loss, before tax     (1) 
Debt instrument, convertible, beneficial conversion feature      2
Other nonoperating income (expense)(1)(1)0(0)(0)(1)1
Income (loss) from continuing operations before equity method investments, income taxes:(1)(1)1(10)(2)(7)(11)
Other undisclosed income (loss) from continuing operations before income taxes     1(2)
Income (loss) from continuing operations before income taxes:(1)(1)1(10)(2)(7)(13)
Income tax expense (benefit)(0)(0)(0)(1)(0)(1)2
Net income (loss) attributable to parent:(2)(1)1(11)(2)(7)(11)
Preferred stock dividends and other adjustments(2)(4)(1)(3)(2)(2)(1)
Other undisclosed net income available to common stockholders, basic   1110
Net income (loss) available to common stockholders, diluted:(3)(4)0(13)(3)(8)(11)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(2)(1)1(11)(2)(7)(11)
Other undisclosed comprehensive income (loss)00(0)(0)(0)0(0)
Comprehensive income (loss):(2)(1)1(11)(2)(7)(11)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11(1)112711
Comprehensive income (loss), net of tax, attributable to parent:(1)0(0)(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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