Turtle Beach Corporation (HEAR) financial statements (2021 and earlier)

Company profile

Business Address 11011 VIA FRONTERA
SAN DIEGO, CA 92127
State of Incorp. NV
Fiscal Year End December 31
SIC 3669 - Communications Equipment, Not Elsewhere Classified (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
9/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8756782
Cash and cash equivalents8756782
Receivables4553515557610
Inventory, net of allowances, customer advances and progress billings4649282226381
Inventory4649282226381
Prepaid expense    01 
Other undisclosed current assets4434490
Total current assets:1031148787951183
Noncurrent Assets
Operating lease, right-of-use asset2
Property, plant and equipment4654770
Intangible assets, net (including goodwill)15112691211
Goodwill9   3181 
Intangible assets, net (excluding goodwill)611238401
Other undisclosed noncurrent assets911232 
Total noncurrent assets:29878791292
TOTAL ASSETS:13112294951742474
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2318131218361
Accounts payable2318131218361
Accrued liabilities      0
Debt1637433937390
Other liabilities261811161415 
Total current liabilities:6574686769891
Noncurrent Liabilities
Long-term debt and lease obligation  28282960
Long-term debt, excluding current maturities  2828296 
Capital lease obligations     0
Liabilities, other than long-term debt3321201921 
Deferred tax liabilities, net0  01 
Financial instruments subject to mandatory redemption, settlement terms, share value, amount  19171615 
Other liabilities332336 
Other undisclosed noncurrent liabilities08     
Total noncurrent liabilities:311494948270
Total liabilities:68841161151171161
Stockholders' equity
Stockholders' equity attributable to parent6337(22)(21)571313
Common stock0000000
Additional paid in capital17716914814713712817
Accumulated other comprehensive income (loss)0(0)(0)(1)(0)(0) 
Retained earnings (accumulated deficit)(114)(131)(170)(167)(80)3(14)
Total stockholders' equity:6337(22)(21)571313
TOTAL LIABILITIES AND EQUITY:13112294951742474

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
9/30/2013
Revenues2352871491741631861
Revenue, net1491741631861
Cost of revenue(156)(179)(98)(131)(122)(136)(0)
Gross profit:79109514341510
Operating expenses(68)(55)(46)(120)(115)(64)(8)
Operating income (loss):10545(78)(74)(14)(8)
Nonoperating income (expense)3(8)0(2)(1)(1)(0)
Other nonoperating income (expense)2(8)0(2)(1)(1)(0)
Interest and debt expense(1)(5)(8)(7)(5)(9)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)    2 
Income (loss) from continuing operations before income taxes:1241(3)(88)(81)(22)(8)
Income tax expense (benefit)6(2)(1)0(2)6 
Net income (loss):1839(3)(87)(83)(15)(8)
Other undisclosed net income attributable to parent      0
Net income (loss) available to common stockholders, diluted:1839(3)(87)(83)(15)(8)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
9/30/2013
Net income (loss):1839(3)(87)(83)(15)(8)
Other comprehensive income (loss)1(0)0(0)(0)(0) 
Comprehensive income (loss), net of tax, attributable to parent:1939(3)(87)(83)(16)(8)

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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