Fitbit, Inc. (FIT) financial statements (2020 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)
| 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 | 519 | 723 | 679 | 706 | 664 | ||
| Cash and cash equivalents | 334 | 474 | 342 | 301 | 536 | ||
| Short-term investments | 184 | 249 | 337 | 405 | 129 | ||
| Receivables | 435 | 414 | 406 | 478 | 469 | ||
| Inventory, net of allowances, customer advances and progress billings | 137 | 125 | 124 | 230 | 178 | ||
| Inventory | 137 | 125 | 124 | 230 | 178 | ||
| Prepaid expense | 3 | 8 | 24 | 23 | 22 | ||
| Derivative instruments and hedges, assets | 1 | 11 | 6 | ||||
| Other undisclosed current assets | 26 | 40 | 151 | 33 | 16 | ||
| Total current assets: | 1,120 | 1,312 | 1,384 | 1,481 | 1,355 | ||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 70 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 83 | 106 | 105 | 77 | 45 | ||
| Intangible assets, net (including goodwill) | 82 | 85 | 73 | 79 | 34 | ||
| Goodwill | 65 | 61 | 51 | 51 | 22 | ||
| Intangible assets, net (excluding goodwill) | 17 | 24 | 22 | 28 | 12 | ||
| Deferred income tax assets | 4 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 10 | 8 | 15 | 10 | 2 | ||
| Deferred tax assets, net | ✕ | 4 | 4 | 174 | 83 | ||
| Total noncurrent assets: | 248 | 204 | 198 | 340 | 164 | ||
| TOTAL ASSETS: | 1,368 | 1,516 | 1,582 | 1,820 | 1,519 | ||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 709 | 690 | 666 | 712 | 459 | ||
| Accounts payable | 195 | 252 | 213 | 314 | 261 | ||
| Accrued liabilities | 514 | 437 | 452 | 391 | 195 | ||
| Taxes payable | 1 | 1 | 1 | 8 | 3 | ||
| Deferred revenue | 32 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 24 | ||||||
| Deferred revenue and credits | ✕ | ✕ | 36 | 50 | 44 | ||
| Contract with customer, liability | ✕ | 29 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 5 | ||||||
| Total current liabilities: | 765 | 719 | 701 | 762 | 508 | ||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 68 | ||||||
| Operating lease, liability | 68 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 48 | 60 | 57 | 60 | 29 | ||
| Deferred revenue and credits | ✕ | ✕ | 7 | ||||
| Deferred revenue | 9 | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | 7 | ✕ | ✕ | ✕ | ||
| Other liabilities | 40 | 53 | 50 | 60 | 29 | ||
| Total noncurrent liabilities: | 116 | 60 | 57 | 60 | 29 | ||
| Total liabilities: | 881 | 780 | 758 | 822 | 538 | ||
| Stockholders' equity | |||||||
| Stockholders' equity attributable to parent, including: | 487 | 736 | 824 | 999 | 981 | ||
| Additional paid in capital | 1,127 | 1,055 | 956 | 859 | 738 | ||
| Accumulated other comprehensive income (loss) | 0 | (0) | (0) | (1) | 1 | ||
| Retained earnings (accumulated deficit) | (640) | (319) | (132) | 140 | 243 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | ||
| Total stockholders' equity: | 487 | 736 | 824 | 999 | 981 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,368 | 1,516 | 1,582 | 1,820 | 1,519 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|
| Revenues | 1,435 | 1,512 | 1,616 | 2,169 | 1,858 | |
| Cost of revenue | (1,007) | (908) | (925) | (1,324) | (957) | |
| Gross profit: | 428 | 604 | 691 | 846 | 901 | |
| Operating expenses | (748) | (793) | (892) | (958) | (553) | |
| Operating income (loss): | (321) | (189) | (201) | (112) | 348 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 1 | (3) | 3 | 0 | (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 | 10 | 8 | 5 | 4 | (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)
| 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.