FTE Networks, Inc. (FTNW) financial statements (2020 and earlier)

Company profile

Business Address 999 VANDERBILT BEACH ROAD
NAPLES, FL 34109
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)

9/30/2018
TTM
12/31/2017
12/31/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1610
Cash and cash equivalents 1610
Receivables 7271
Other current assets 732
Other undisclosed current assets 1 0
Total current assets: 96113
Noncurrent Assets
Property, plant and equipment 831
Intangible assets, net (including goodwill) 63  
Goodwill 36  
Intangible assets, net (excluding goodwill) 28  
Other undisclosed noncurrent assets 0 0
Total noncurrent assets: 7131
TOTAL ASSETS: 168155
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4522
Accounts payable 3522
Accrued liabilities 10 (3)
Employee-related liabilities   2
Interest and dividends payable   0
Debt (8)82
Estimated litigation liability   2
Due to related parties 900
Billings in excess of cost30  
Other liabilities 1033
Other undisclosed current liabilities 911
Total current liabilities: 941510
Noncurrent Liabilities
Long-term debt and lease obligation 225
Long-term debt, excluding current maturities 225
Liabilities, other than long-term debt 39  
Deferred tax liabilities, net 1  
Due to related parties 39  
Other undisclosed noncurrent liabilities 2482
Total noncurrent liabilities: 65106
Total liabilities: 1602516
Temporary equity, carrying amount  0 
Stockholders' equity
Stockholders' equity attributable to parent, including: 8(10)(11)
Common stock 000
Additional paid in capital 49123
Accumulated deficit (38)(19)(13)
Stockholders' equity note, subscriptions receivable (4)3
Other undisclosed stockholders' equity attributable to parent 1(6)(0)
Total stockholders' equity: 8(10)(11)
TOTAL LIABILITIES AND EQUITY: 168155

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

9/30/2018
TTM
12/31/2017
12/31/2016
9/30/2015
Revenues 2431214
Cost of revenue (206)(9)(11)
Gross profit: 3733
Operating expenses (39)(6)(5)
Operating loss: (2)(2)(2)
Nonoperating expense (18)(4)(2)
Other nonoperating expense (0)(0)(1)
Interest and debt expense (3)(2)(1)
Loss from continuing operations before equity method investments, income taxes: (22)(9)(5)
Other undisclosed loss from continuing operations before income taxes (172)  
Loss from continuing operations before income taxes: (195)(9)(5)
Income tax expense (benefit) 1(2) 
Net loss: (194)(10)(5)
Other undisclosed net income attributable to parent 17441
Net loss attributable to parent: (20)(6)(4)
Preferred stock dividends and other adjustments (0)(0)(0)
Other undisclosed net loss available to common stockholders, basic  (0) 
Net loss available to common stockholders, diluted: (20)(6)(4)

Comprehensive Income ($ in millions)

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