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

Company profile

Business Address 44 SOUTH BROADWAY
WHITE PLAINS, NY 10601
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)

12/31/2020
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 investments47875678
Cash and cash equivalents47875678
Receivables44455351555761
Inventory, net of allowances, customer advances and progress billings71464928222638
Inventory71464928222638
Prepaid expense     01
Other undisclosed current assets8443449
Total current assets:170103114878795118
Noncurrent Assets
Operating lease, right-of-use asset62
Property, plant and equipment7465477
Intangible assets, net (including goodwill)131511269121
Goodwill89   3181
Intangible assets, net (excluding goodwill)561123840
Deferred income tax assets7 
Other undisclosed noncurrent assets1911232
Total noncurrent assets:332987879129
TOTAL ASSETS:2031311229495174247
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43231813121836
Accounts payable43231813121836
Debt 163743393739
Other liabilities36261811161415
Total current liabilities:79657468676989
Noncurrent Liabilities
Long-term debt and lease obligation   2828296
Long-term debt, excluding current maturities   2828296
Liabilities, other than long-term debt83321201921
Deferred tax liabilities, net0  01
Deferred income tax liabilities0 
Financial instruments subject to mandatory redemption, settlement terms, share value, amount   19171615
Other liabilities8332336
Other undisclosed noncurrent liabilities 08    
Total noncurrent liabilities:831149494827
Total liabilities:876884116115117116
Stockholders' equity
Stockholders' equity attributable to parent1166337(22)(21)57131
Common stock0000000
Additional paid in capital191177169148147137128
Accumulated other comprehensive income (loss)10(0)(0)(1)(0)(0)
Retained earnings (accumulated deficit)(75)(114)(131)(170)(167)(80)3
Total stockholders' equity:1166337(22)(21)57131
TOTAL LIABILITIES AND EQUITY:2031311229495174247

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues360235287149174163186
Revenue, net149174163186
Cost of revenue(226)(156)(179)(98)(131)(122)(136)
Gross profit:1347910951434151
Operating expenses(85)(68)(55)(46)(120)(115)(64)
Operating income (loss):4910545(78)(74)(14)
Nonoperating income (expense)43(8)0(2)(1)(1)
Other nonoperating income (expense)42(8)0(2)(1)(1)
Interest and debt expense(0)(1)(5)(8)(7)(5)(9)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (0)    2
Income (loss) from continuing operations before income taxes:521241(3)(88)(81)(22)
Income tax expense (benefit)(14)6(2)(1)0(2)6
Net income (loss) available to common stockholders, diluted:391839(3)(87)(83)(15)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):391839(3)(87)(83)(15)
Other comprehensive income (loss)01(0)0(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:391939(3)(87)(83)(16)

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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