GTT Communications, Inc. (GTT) financial statements (2020 and earlier)

Company profile

Business Address 7900 TYSONS ONE PLACE
MCLEAN, VA 22102
State of Incorp. DE
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42551013015496
Cash and cash equivalents42551013015496
Receivables16217710376602922
Prepaid expense58106   
Deposits current assets01     
Prepaid expense and other current assets3
Other current assets  124   
Other undisclosed current assets4537231862
Total current assets:254279228119938533
Noncurrent Assets
Operating lease, right-of-use asset358
Property, plant and equipment1,8171,87049943392520
Intangible assets, net (including goodwill)2,2592,2901,062475453151111
Goodwill1,7691,7386452812719367
Intangible assets, net (excluding goodwill)4915524171941825944
Restricted cash and investments   304   
Other noncurrent assets6998912128 
Prepaid expense and other noncurrent assets8
Total noncurrent assets:4,5034,2591,570834504184139
TOTAL ASSETS:4,7584,5381,798953596269172
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1021044021282924
Accounts payable69892311232021
Accrued liabilities4128656 
Taxes payable28310  23
Interest and dividends payable   5   
Deferred revenue67
Debt110471610967
Derivative instruments and hedges, liabilities5422     
Restructuring reserve62610372
Business combination, contingent consideration, liability  142413 
Deferred revenue and credits54181587
Contract with customer, liability84
Other undisclosed current liabilities1481645519272524
Total current liabilities:487447188961007061
Noncurrent Liabilities
Long-term debt and lease obligation3,5033,1871,23772538311786
Long-term debt, excluding current maturities3,1933,1521,23772538211786
Finance lease, liability37
Capital lease obligations35001  
Operating lease, liability273
Liabilities, other than long-term debt47731311643415
Deferred revenue and credits1083211
Deferred revenue267
Contract with customer, liability287
Deferred income tax liabilities171
Other liabilities392681131
Derivative instruments and hedges, liabilities      12
Other undisclosed noncurrent liabilities 17626    
Total noncurrent liabilities:3,9803,6761,379730386121101
Total liabilities:4,4674,1231,567826486192162
Stockholders' equity
Stockholders' equity attributable to parent2914152311281107810
Common stock   0000
Additional paid in capital84281036019718316876
Accumulated other comprehensive loss(77)(27)(4)(5)(2)(1)(0)
Accumulated deficit(474)(368)(125)(65)(70)(89)(66)
Total stockholders' equity:2914152311281107810
TOTAL LIABILITIES AND EQUITY:4,7584,5381,798953596269172

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,7281,491828522369207157
Revenue, net828522369207157
Cost of revenue
(Cost of Goods and Services Sold)
(942)(819)(432)(274)(204)(128)(103)
Gross profit:7866713962481657955
Operating expenses(663)(1,451)(803)(481)(366)(208)(159)
Other undisclosed operating income 819432274204128103
Operating income (loss):1234025414(1)(2)
Nonoperating expense(226)(289)(80)(32)(19)(20)(21)
Other nonoperating income (expense)(31)(128)0(1)(1)(9)(12)
Interest and debt expense(5)(4)(4)(2)(1)(3)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes5442131
Income (loss) from continuing operations before equity method investments, income taxes:(103)(249)(54)9(15)(21)(23)
Other undisclosed loss from continuing operations before income taxes     (0)(0)
Income (loss) from continuing operations before income taxes:(103)(249)(54)9(15)(21)(23)
Income tax expense (benefit)(3)6(17)(4)34(2)2
Net income (loss):(106)(243)(72)519(23)(21)
Other undisclosed net income attributable to parent     00
Net income (loss) available to common stockholders, diluted:(106)(243)(72)519(23)(21)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(106)(243)(72)519(23)(21)
Comprehensive income (loss):(106)(243)(72)519(23)(21)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(50)(23)1(3)(2)(1)0
Comprehensive income (loss), net of tax, attributable to parent:(156)(266)(71)318(24)(20)

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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