FTE Networks, Inc. (FTNW) financial statements (2021 and earlier)

Company profile

Business Address 237 WEST 35TH STREET
NEW YORK, NY 10001
State of Incorp. NV
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (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
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1121610
Cash and cash equivalents1121610
Receivables1747271
Other current assets14732
Other undisclosed current assets161 0
Total current assets:49696113
Noncurrent Assets
Operating lease, right-of-use asset1
Property, plant and equipment13831
Intangible assets, net (including goodwill) 6563  
Goodwill 4536  
Intangible assets, net (excluding goodwill) 2028  
Other undisclosed noncurrent assets230 0 0
Total noncurrent assets:232687131
TOTAL ASSETS:235164168155
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16874522
Accounts payable3773522
Accrued liabilities131010 (3)
Employee-related liabilities    2
Interest and dividends payable    0
Debt348(8)82
Derivative instruments and hedges, liabilities48   
Estimated litigation liability    2
Due to related parties110900
Billings in excess of cost30  
Other liabilities13101033
Other undisclosed current liabilities1978911
Total current liabilities:97192941510
Noncurrent Liabilities
Long-term debt and lease obligation631225
Long-term debt, excluding current maturities631225
Finance lease, liability0
Operating lease, liability0
Liabilities, other than long-term debt03139  
Deferred tax liabilities, net 1  
Deferred income tax liabilities 2
Due to related parties02939  
Other undisclosed noncurrent liabilities  2482
Total noncurrent liabilities:643265106
Total liabilities:1612241602516
Temporary equity, carrying amount   0 
Stockholders' equity
Stockholders' equity attributable to parent, including:75(59)8(10)(11)
Common stock00000
Additional paid in capital13111449123
Accumulated deficit(190)(175)(38)(19)(13)
Warrants and rights outstanding5    
Stockholders' equity note, subscriptions receivable  (4)3
Other undisclosed stockholders' equity attributable to parent12811(6)(0)
Total stockholders' equity:75(59)8(10)(11)
TOTAL LIABILITIES AND EQUITY:235164168155

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
9/30/2015
Revenues83852431214
Cost of revenue(8)(332)(206)(9)(11)
Gross profit:(0)533733
Operating expenses(25)(91)(39)(6)(5)
Operating loss:(25)(38)(2)(2)(2)
Nonoperating expense(5)(7)(18)(4)(2)
Investment income, nonoperating(2)17   
Other nonoperating expense(0)(0)(0)(0)(1)
Interest and debt expense 35(3)(2)(1)
Loss from continuing operations before equity method investments, income taxes:(30)(10)(22)(9)(5)
Other undisclosed loss from continuing operations before income taxes (35)(172)  
Loss from continuing operations before income taxes:(30)(46)(195)(9)(5)
Income tax expense (benefit) (1)1(2) 
Loss from continuing operations:(30)(47)(194)(10)(5)
Income from discontinued operations14    
Net loss:(15)(47)(194)(10)(5)
Other undisclosed net income attributable to parent  17441
Net loss attributable to parent:(15)(47)(20)(6)(4)
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic   (0) 
Net loss available to common stockholders, diluted:(16)(47)(20)(6)(4)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
9/30/2015
Net loss:(15)(47)(194)(10)(5)
Comprehensive loss, net of tax, attributable to parent:(15)(47)(194)(10)(5)

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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