Forum Merger II Corporation (FMCI) financial statements (2021 and earlier)

Company profile

Business Address 6305 ALONDRA BLVD.
PARAMOUNT, CA 90723
State of Incorp. DE
Fiscal Year End December 31
SIC 209 - Miscellaneous Food Preparations And Kindred (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13212
Cash and cash equivalents13212
Receivables18  
Inventory, net of allowances, customer advances and progress billings39  
Inventory39  
Prepaid expense200
Other current assets1  
Other undisclosed current assets15  
Total current assets:20612
Noncurrent Assets
Property, plant and equipment16  
Long-term investments and receivables 205202
Long-term investments 205202
Deferred income tax assets44 
Other noncurrent assets1  
Total noncurrent assets:60205202
TOTAL ASSETS:267207204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2800
Accounts payable25  
Accrued liabilities3  
Taxes payable 10
Other undisclosed accounts payable and accrued liabilities (0)(0)
Deferred revenue2 
Debt0  
Other liabilities0  
Other undisclosed current liabilities 10
Total current liabilities:3010
Noncurrent Liabilities
Long-term debt and lease obligation2  
Long-term debt, excluding current maturities2  
Liabilities, other than long-term debt 77
Deferred compensation liability, classified 77
Other undisclosed noncurrent liabilities 00
Total noncurrent liabilities:277
Total liabilities:3287
Temporary equity, carrying amount 193 
Stockholders' equity
Stockholders' equity attributable to parent, including:23455
Common stock0  
Additional paid in capital17124
Accumulated other comprehensive income0  
Retained earnings6431
Other undisclosed stockholders' equity attributable to parent 00
Total stockholders' equity:23455
Other undisclosed liabilities and equity  191
TOTAL LIABILITIES AND EQUITY:267207204

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

12/31/2020
12/31/2019
12/31/2018
Revenues148  
Other operating income38  
Cost of revenue
(Cost of Goods and Services Sold)
(125)  
Gross profit:24  
Operating expenses (1) 
Operating income (loss):24(1) 
Nonoperating income (expense)(9)4 
Investment income, nonoperating 4 
Other nonoperating expense(9)  
Interest and debt expense(1)  
Income from continuing operations before equity method investments, income taxes:143 
Other undisclosed income from continuing operations before income taxes14  
Income from continuing operations before income taxes:283 
Income tax expense (benefit)40(1) 
Net income:692 
Net loss attributable to noncontrolling interest(1)  
Other undisclosed net income attributable to parent1  
Net income attributable to parent:682 
Other undisclosed net loss available to common stockholders, basic(1)(3) 
Net income (loss) available to common stockholders, diluted:67(1) 

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income:692 
Other undisclosed comprehensive income1  
Comprehensive income:702 
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)  
Comprehensive income, net of tax, attributable to parent:682 

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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