Gores Holdings III, Inc. (GRSH) financial statements (2021 and earlier)

Company profile

Business Address 7799 LEESBURG PIKE
FALLS CHURCH, VA 22043
State of Incorp. DE
Fiscal Year End December 31
SIC 87 - Engineering, Accounting, Research, Management, And Related Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8601
Cash and cash equivalents8601
Receivables586  
Prepaid expense 00
Other undisclosed current assets62  
Total current assets:73301
Noncurrent Assets
Operating lease, right-of-use asset191 
Property, plant and equipment28  
Long-term investments and receivables18  
Long-term investments18  
Intangible assets, net (including goodwill)849  
Goodwill591  
Intangible assets, net (excluding goodwill)258  
Assets held-in-trust 409403
Other noncurrent assets10  
Other undisclosed noncurrent assets 0 
Total noncurrent assets:1,096409403
TOTAL ASSETS:1,829409404
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42840
Accounts payable153  
Accrued liabilities11440
Employee-related liabilities145  
Taxes payable1610
Deferred revenue106 
Debt6  
Other liabilities45  
Other undisclosed current liabilities4700
Total current liabilities:63251
Noncurrent Liabilities
Long-term debt and lease obligation1,006  
Long-term debt, excluding current maturities860  
Operating lease, liability146 
Liabilities, other than long-term debt35  
Deferred income tax liabilities4 
Other liabilities30  
Other undisclosed noncurrent liabilities 1414
Total noncurrent liabilities:1,0411414
Total liabilities:1,6731915
Temporary equity, carrying amount 385384
Stockholders' equity
Stockholders' equity attributable to parent, including:12455
Common stock0  
Additional paid in capital25323
Accumulated other comprehensive income2  
Retained earnings (accumulated deficit)(130)32
Other undisclosed stockholders' equity attributable to parent 00
Stockholders' equity attributable to noncontrolling interest32  
Total stockholders' equity:15755
TOTAL LIABILITIES AND EQUITY:1,829409404

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

12/31/2020
12/31/2019
12/31/2018
Revenues2,715  
Cost of revenue(2,098)  
Other undisclosed gross profit(533)  
Gross profit:83  
Operating expenses (5)(0)
Other operating income, net7  
Operating income (loss):91(5)(0)
Nonoperating income783
Investment income, nonoperating 83
Other nonoperating income7  
Interest and debt expense(23)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(58)  
Income from continuing operations before equity method investments, income taxes:1732
Income from equity method investments7  
Other undisclosed loss from continuing operations before income taxes(7)  
Income from continuing operations before income taxes:1732
Income tax expense(3)(2)(0)
Net income:1412
Net income attributable to noncontrolling interest1  
Net income available to common stockholders, diluted:1512

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income:1412
Other comprehensive income2  
Comprehensive income:1612
Comprehensive income, net of tax, attributable to noncontrolling interest1  
Comprehensive income, net of tax, attributable to parent:1712

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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