Great Elm Capital Group, Inc. (GEC) financial statements (2020 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)

12/31/2019
TTM
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 investments81261678185134
Cash and cash equivalents8124346817494
Short-term investments  1821 1240
Restricted cash and investments111 00 
Receivables111100   
Inventory, net of allowances, customer advances and progress billings21    
Inventory21     
Other undisclosed current assets141711011
Total current assets:374264688186135
Noncurrent Assets
Operating lease, right-of-use asset6
Property, plant and equipment2100 00
Long-term investments and receivables  33  12
Long-term investments      12
Due from related parties  33   
Intangible assets, net (including goodwill)676894 2
Goodwill5050     
Intangible assets, net (excluding goodwill)161894 2 
Other noncurrent assets1100111
Other undisclosed noncurrent assets6370572 (0)2
Total noncurrent assets:1381407091315
TOTAL ASSETS:175183134778289150
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7531123
Accounts payable7500111
Accrued liabilities  21012
Employee-related liabilities  00101
Debt10220   
Restructuring reserve  447 
Due to related parties24 035  
Business combination, contingent consideration, liability 1    
Deferred revenue and credits   55
Other liabilities   0234
Other undisclosed current liabilities660  113
Total current liabilities:251896451126
Noncurrent Liabilities
Long-term debt and lease obligation5862562 3026
Long-term debt, excluding current maturities546256  3026
Capital lease obligations  2   
Operating lease, liability5
Liabilities, other than long-term debt28294302529
Deferred revenue and credits   2529
Restructuring reserve    0  
Due to related parties272833   
Other liabilities110  00
Derivative instruments and hedges, liabilities   0   
Other undisclosed noncurrent liabilities051   7
Total noncurrent liabilities:869660505562
Total liabilities:1101146910456587
Temporary equity, carrying amount44     
Stockholders' equity
Stockholders' equity attributable to parent57616466372463
Common stock0000000
Treasury stock, value     (0)(1)
Additional paid in capital3,3063,3053,3033,2943,2493,2453,244
Accumulated other comprehensive income     00
Accumulated deficit(3,249)(3,244)(3,239)(3,227)(3,212)(3,222)(3,180)
Stockholders' equity attributable to noncontrolling interest440(0)   
Total stockholders' equity:60656566372463
TOTAL LIABILITIES AND EQUITY:175183134778289150

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues615165 536
Operating leases, income statement, lease revenue1220
Financial services revenue 5   
Cost of revenue(25)(20)(15)(5) (31)(23)
Cost of goods and services sold   (5) (31)(23)
Gross profit:3631(9)(0) (27)13
Operating expenses(39)(35)(1)(4)(10)(21)(20)
Other undisclosed operating income     1010
Operating income (loss):(3)(4)(10)(5)(10)(38)3
Nonoperating income (expense)(5)(5)(1)101011
Investment income, nonoperating   1000
Debt instrument, convertible, beneficial conversion feature     1010
Other nonoperating income (expense)22(0)0001
Interest and debt expense(7)(6)(1)(6)(5)(4)(4)
Income (loss) from continuing operations before equity method investments, income taxes:(15)(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:(8)(9)(12)(19)(15)(42)0
Income tax expense (benefit)22015(0) 
Income (loss) from continuing operations:(6)(7)(11)(17)(9)(42)0
Income (loss) from discontinued operations44(0)219(0)(0)
Net income (loss):(2)(3)(12)(15)9(42)0
Net income attributable to noncontrolling interest1000   
Net income (loss) available to common stockholders, diluted:(1)(3)(11)(15)9(42)0

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(2)(3)(12)(15)9(42)0
Other comprehensive income (loss)    (0)00
Comprehensive income (loss):(2)(3)(12)(15)9(42)0
Comprehensive income, net of tax, attributable to noncontrolling interest1000   
Comprehensive income (loss), net of tax, attributable to parent:(1)(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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