Fitbit, Inc. (FIT) financial statements (2021 and earlier)

Company profile

Business Address 199 FREMONT STREET
SAN FRANCISCO, CA 94105
State of Incorp.
Fiscal Year End December 31
SIC 3571 - Electronic Computers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 519723679706664
Cash and cash equivalents 334474342301536
Short-term investments 184249337405129
Receivables 435414406478469
Inventory, net of allowances, customer advances and progress billings 137125124230178
Inventory 137125124230178
Prepaid expense 38242322
Derivative instruments and hedges, assets  1 116
Other undisclosed current assets 26401513316
Total current assets: 1,1201,3121,3841,4811,355
Noncurrent Assets
Operating lease, right-of-use asset 70
Property, plant and equipment 831061057745
Intangible assets, net (including goodwill) 8285737934
Goodwill 6561515122
Intangible assets, net (excluding goodwill) 1724222812
Deferred income tax assets 4
Other noncurrent assets 10815102
Deferred tax assets, net4417483
Total noncurrent assets: 248204198340164
TOTAL ASSETS: 1,3681,5161,5821,8201,519
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 709690666712459
Accounts payable 195252213314261
Accrued liabilities 514437452391195
Taxes payable 11183
Deferred revenue 32
Debt 24    
Deferred revenue and credits365044
Contract with customer, liability29
Other undisclosed current liabilities     5
Total current liabilities: 765719701762508
Noncurrent Liabilities
Long-term debt and lease obligation 68    
Operating lease, liability 68
Liabilities, other than long-term debt 4860576029
Deferred revenue and credits7  
Deferred revenue 9
Contract with customer, liability7
Other liabilities 4053506029
Total noncurrent liabilities: 11660576029
Total liabilities: 881780758822538
Stockholders' equity
Stockholders' equity attributable to parent, including: 487736824999981
Additional paid in capital 1,1271,055956859738
Accumulated other comprehensive income (loss) 0(0)(0)(1)1
Retained earnings (accumulated deficit) (640)(319)(132)140243
Other undisclosed stockholders' equity attributable to parent 00000
Total stockholders' equity: 487736824999981
TOTAL LIABILITIES AND EQUITY: 1,3681,5161,5821,8201,519

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 1,4351,5121,6162,1691,858
Cost of revenue (1,007)(908)(925)(1,324)(957)
Gross profit: 428604691846901
Operating expenses (748)(793)(892)(958)(553)
Operating income (loss): (321)(189)(201)(112)348
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 1(3)30(59)
Interest and debt expense  (1)(1)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes: (319)(193)(199)(113)288
Other undisclosed income (loss) from continuing operations before income taxes 10854(0)
Income (loss) from continuing operations before income taxes: (309)(184)(195)(109)288
Income tax expense (benefit) (12)(2)(83)7(112)
Net income (loss) attributable to parent: (321)(186)(277)(103)176
Preferred stock dividends and other adjustments     (3)
Net income (loss) available to common stockholders, diluted: (321)(186)(277)(103)173

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (321)(186)(277)(103)176
Comprehensive income (loss): (321)(186)(277)(103)176
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 0(0)1(2)1
Comprehensive income (loss), net of tax, attributable to parent: (320)(186)(276)(104)176

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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