GTT Communications, Inc. (GTT) financial statements (2021 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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 55101301549
Cash and cash equivalents 55101301549
Receivables 177103766029
Prepaid expense 8106  
Deposits current assets 1    
Other current assets  124  
Other undisclosed current assets 3723186
Total current assets: 2792281199385
Noncurrent Assets
Property, plant and equipment 1,870499433925
Intangible assets, net (including goodwill) 2,2901,062475453151
Goodwill 1,73864528127193
Intangible assets, net (excluding goodwill) 55241719418259
Restricted cash and investments   304  
Other noncurrent assets 98912128
Total noncurrent assets: 4,2591,570834504184
TOTAL ASSETS: 4,5381,798953596269
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 10440212829
Accounts payable 8923112320
Accrued liabilities 128656
Taxes payable 310  2
Interest and dividends payable   5  
Debt 47161096
Derivative instruments and hedges, liabilities 22    
Restructuring reserve 2610372
Business combination, contingent consideration, liability  142413 
Deferred revenue and credits5418158
Contract with customer, liability84
Other undisclosed current liabilities 16455192725
Total current liabilities: 4471889610070
Noncurrent Liabilities
Long-term debt and lease obligation 3,1871,237725383117
Long-term debt, excluding current maturities 3,1521,237725382117
Capital lease obligations35001 
Liabilities, other than long-term debt 313116434
Deferred revenue and credits108321
Contract with customer, liability287
Other liabilities 268113
Other undisclosed noncurrent liabilities 17626   
Total noncurrent liabilities: 3,6761,379730386121
Total liabilities: 4,1231,567826486192
Stockholders' equity
Stockholders' equity attributable to parent 41523112811078
Common stock   000
Additional paid in capital 810360197183168
Accumulated other comprehensive loss (27)(4)(5)(2)(1)
Accumulated deficit (368)(125)(65)(70)(89)
Total stockholders' equity: 41523112811078
TOTAL LIABILITIES AND EQUITY: 4,5381,798953596269

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 1,491828522369207
Revenue, net828522369207
Cost of revenue
(Cost of Goods and Services Sold)
 (819)(432)(274)(204)(128)
Gross profit: 67139624816579
Operating expenses (1,451)(803)(481)(366)(208)
Other undisclosed operating income 819432274204128
Operating income (loss): 4025414(1)
Nonoperating expense (289)(80)(32)(19)(20)
Other nonoperating income (expense) (128)0(1)(1)(9)
Interest and debt expense (4)(4)(2)(1)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes 44213
Income (loss) from continuing operations before equity method investments, income taxes: (249)(54)9(15)(21)
Other undisclosed loss from continuing operations before income taxes     (0)
Income (loss) from continuing operations before income taxes: (249)(54)9(15)(21)
Income tax expense (benefit) 6(17)(4)34(2)
Net income (loss): (243)(72)519(23)
Other undisclosed net income attributable to parent     0
Net income (loss) available to common stockholders, diluted: (243)(72)519(23)

Comprehensive Income ($ in millions)

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

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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