Great Elm Capital Group, Inc. (GEC) financial statements (2021 and earlier)

Company profile

Business Address 800 SOUTH STREET
WALTHAM, MA 02453
State of Incorp. DE
Fiscal Year End June 30
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 411261678185
Cash and cash equivalents 411243468174
Short-term investments   1821 12
Restricted cash and investments 111 00
Receivables 101100  
Inventory, net of allowances, customer advances and progress billings 11    
Inventory 11    
Other undisclosed current assets 9171101
Total current assets: 614264688186
Noncurrent Assets
Operating lease, right-of-use asset 5
Property, plant and equipment 1100 0
Long-term investments and receivables   33  
Due from related parties   33  
Intangible assets, net (including goodwill) 656894 2
Goodwill 5050    
Intangible assets, net (excluding goodwill) 151894 2
Other noncurrent assets 210011
Other undisclosed noncurrent assets 6170572 (0)
Total noncurrent assets: 13414070913
TOTAL ASSETS: 195183134778289
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 553112
Accounts payable 550011
Accrued liabilities   2101
Employee-related liabilities   0010
Deferred revenue 6
Debt 6220  
Restructuring reserve   447 
Due to related parties 14 035 
Business combination, contingent consideration, liability  1    
Deferred revenue and credits   5
Other liabilities    023
Other undisclosed current liabilities 760  1
Total current liabilities: 2618964511
Noncurrent Liabilities
Long-term debt and lease obligation 2262562 30
Long-term debt, excluding current maturities 176256  30
Capital lease obligations  2  
Operating lease, liability 4
Liabilities, other than long-term debt 272943025
Deferred revenue and credits   25
Restructuring reserve     0 
Due to related parties 262833  
Other liabilities 010  0
Derivative instruments and hedges, liabilities    0  
Other undisclosed noncurrent liabilities 5351   
Total noncurrent liabilities: 10196605055
Total liabilities: 12711469104565
Temporary equity, carrying amount 44    
Stockholders' equity
Stockholders' equity attributable to parent 616164663724
Common stock 000000
Treasury stock, value      (0)
Additional paid in capital 3,3183,3053,3033,2943,2493,245
Accumulated other comprehensive income      0
Accumulated deficit (3,257)(3,244)(3,239)(3,227)(3,212)(3,222)
Stockholders' equity attributable to noncontrolling interest 440(0)  
Total stockholders' equity: 656565663724
TOTAL LIABILITIES AND EQUITY: 195183134778289

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

9/30/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues 645165 5
Operating leases, income statement, lease revenue20
Financial services revenue 5  
Cost of revenue (26)(20)(15)(5) (31)
Cost of goods and services sold    (5) (31)
Gross profit: 3831(9)(0) (27)
Operating expenses (37)(35)(1)(4)(10)(21)
Other undisclosed operating income      10
Operating income (loss): 1(4)(10)(5)(10)(38)
Nonoperating income (expense) (14)(5)(1)1010
Investment income, nonoperating    100
Debt instrument, convertible, beneficial conversion feature      10
Other nonoperating income (expense) (7)2(0)000
Interest and debt expense (7)(6)(1)(6)(5)(4)
Loss from continuing operations before equity method investments, income taxes: (20)(15)(13)(10)(15)(32)
Other undisclosed income (loss) from continuing operations before income taxes 761(9) (10)
Loss from continuing operations before income taxes: (13)(9)(12)(19)(15)(42)
Income tax expense (benefit) (0)2015(0)
Loss from continuing operations: (13)(7)(11)(17)(9)(42)
Income (loss) from discontinued operations  4(0)219(0)
Net income (loss): (13)(3)(12)(15)9(42)
Net income attributable to noncontrolling interest 0000  
Net income (loss) available to common stockholders, diluted: (13)(3)(11)(15)9(42)

Comprehensive Income ($ in millions)

9/30/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss): (13)(3)(12)(15)9(42)
Other comprehensive income (loss)     (0)0
Comprehensive income (loss): (13)(3)(12)(15)9(42)
Comprehensive income, net of tax, attributable to noncontrolling interest 0000  
Comprehensive income (loss), net of tax, attributable to parent: (13)(3)(11)(15)9(42)

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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