Great Elm Capital Group, Inc. (GEC) financial statements (2022 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)

6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments411261678185134
Cash and cash equivalents41124346817494
Short-term investments  1821 1240
Restricted cash and investments111 00 
Receivables101100   
Inventory, net of allowances, customer advances and progress billings11    
Inventory11     
Other undisclosed current assets91711011
Total current assets:614264688186135
Noncurrent Assets
Operating lease, right-of-use asset5
Property, plant and equipment1100 00
Long-term investments and receivables  33  12
Long-term investments      12
Due from related parties  33   
Intangible assets, net (including goodwill)656894 2
Goodwill5050     
Intangible assets, net (excluding goodwill)151894 2 
Other noncurrent assets2100111
Other undisclosed noncurrent assets6170572 (0)2
Total noncurrent assets:1341407091315
TOTAL ASSETS:195183134778289150
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5531123
Accounts payable5500111
Accrued liabilities  21012
Employee-related liabilities  00101
Deferred revenue6
Debt6220   
Restructuring reserve  447 
Due to related parties14 035  
Business combination, contingent consideration, liability 1    
Deferred revenue and credits   55
Other liabilities   0234
Other undisclosed current liabilities760  113
Total current liabilities:261896451126
Noncurrent Liabilities
Long-term debt and lease obligation2262562 3026
Long-term debt, excluding current maturities176256  3026
Capital lease obligations  2   
Operating lease, liability4
Liabilities, other than long-term debt27294302529
Deferred revenue and credits   2529
Restructuring reserve    0  
Due to related parties262833   
Other liabilities010  00
Derivative instruments and hedges, liabilities   0   
Other undisclosed noncurrent liabilities5351   7
Total noncurrent liabilities:1019660505562
Total liabilities:1271146910456587
Temporary equity, carrying amount44     
Stockholders' equity
Stockholders' equity attributable to parent61616466372463
Common stock0000000
Treasury stock, value     (0)(1)
Additional paid in capital3,3183,3053,3033,2943,2493,2453,244
Accumulated other comprehensive income     00
Accumulated deficit(3,257)(3,244)(3,239)(3,227)(3,212)(3,222)(3,180)
Stockholders' equity attributable to noncontrolling interest440(0)   
Total stockholders' equity:65656566372463
TOTAL LIABILITIES AND EQUITY:195183134778289150

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

6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues645165 536
Operating leases, income statement, lease revenue20
Financial services revenue 5   
Cost of revenue(26)(20)(15)(5) (31)(23)
Cost of goods and services sold   (5) (31)(23)
Gross profit:3831(9)(0) (27)13
Operating expenses(37)(35)(1)(4)(10)(21)(20)
Other undisclosed operating income     1010
Operating income (loss):1(4)(10)(5)(10)(38)3
Nonoperating income (expense)(14)(5)(1)101011
Investment income, nonoperating   1000
Debt instrument, convertible, beneficial conversion feature     1010
Other nonoperating income (expense)(7)2(0)0001
Interest and debt expense(7)(6)(1)(6)(5)(4)(4)
Income (loss) from continuing operations before equity method investments, income taxes:(20)(15)(13)(10)(15)(32)10
Other undisclosed income (loss) from continuing operations before income taxes761(9) (10)(10)
Income (loss) from continuing operations before income taxes:(13)(9)(12)(19)(15)(42)0
Income tax expense (benefit)(0)2015(0) 
Income (loss) from continuing operations:(13)(7)(11)(17)(9)(42)0
Income (loss) from discontinued operations 4(0)219(0)(0)
Net income (loss):(13)(3)(12)(15)9(42)0
Net income attributable to noncontrolling interest0000   
Net income (loss) available to common stockholders, diluted:(13)(3)(11)(15)9(42)0

Comprehensive Income ($ in millions)

6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(13)(3)(12)(15)9(42)0
Other comprehensive income (loss)    (0)00
Comprehensive income (loss):(13)(3)(12)(15)9(42)0
Comprehensive income, net of tax, attributable to noncontrolling interest0000   
Comprehensive income (loss), net of tax, attributable to parent:(13)(3)(11)(15)9(42)0

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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