Intercloud Systems Inc (ICLD) financial statements (2021 and earlier)

Company profile

Business Address 331 NEWMAN SPRINGS ROAD
RED BANK, NJ 07701
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1285181
Cash and cash equivalents1285181
Receivables614171978
Inventory, net of allowances, customer advances and progress billings 011
Inventory 011  
Deferred costs   122
Disposal group, including discontinued operation0     
Prepaid expense and other current assets0
Other current assets32211
Other undisclosed current assets40001(1)
Total current assets:131829292810
Noncurrent Assets
Property, plant and equipment011200
Intangible assets, net (including goodwill)33541903030
Goodwill 2325601721
Intangible assets, net (excluding goodwill)3121730139
Deposits noncurrent assets     1
Disposal group, including discontinued operation, noncurrent assets  21 
Other undisclosed noncurrent assets001022
Total noncurrent assets:33664923232
TOTAL ASSETS:1655921216142
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1322111994
Accounts payable511 13  
Accrued liabilities811    
Employee-related liabilities  34  
Taxes payable00 100
Interest and dividends payable  4321
Other undisclosed accounts payable and accrued liabilities  4(1)63
Debt00000(0)
Derivative instruments and hedges, liabilities3200  
Due to related parties02(11)(7)(4)0
Disposal group, including discontinued operation3     
Business combination, contingent consideration, liability 1  
Deferred revenue and credits 35400
Other undisclosed current liabilities14293526199
Total current liabilities:345840422413
Noncurrent Liabilities
Long-term debt and lease obligation1  000
Long-term debt, excluding current maturities1  000
Liabilities, other than long-term debt17102514200
Due to related parties 981100
Derivative instruments and hedges, liabilities171172200
Other undisclosed noncurrent liabilities3331291814
Total noncurrent liabilities:211356433815
Other undisclosed liabilities     1
Total liabilities:557196856229
Temporary equity, carrying amount1     
Stockholders' equity
Stockholders' equity attributable to parent, including:(39)(16)(5)36(2)(3)
Common stock000000
Treasury stock, value(0)(0)    
Additional paid in capital15513111893369
Accumulated deficit(193)(149)(123)(57)(38)(13)
Other undisclosed stockholders' equity attributable to parent020000
Stockholders' equity attributable to noncontrolling interest(1)00000
Total stockholders' equity:(39)(16)(4)36(2)(3)
Other undisclosed liabilities and equity     17
TOTAL LIABILITIES AND EQUITY:1655921216142

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues357875765117
Revenue, net 787576  
Cost of revenue(27)(58)(54)(56)(37)(12)
Gross profit:7202120145
Operating expenses(23)(38)(49)(39)(20)(8)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
   0(0) 
Other undisclosed operating income (loss)   (0)0 
Operating loss:(16)(19)(28)(19)(6)(3)
Nonoperating expense(28)(8)(26)(3)(19)(1)
Investment income, nonoperating(10)18(9)26(14)1
Other nonoperating expense(2)(2)(0)   
Interest and debt expense(9)(10)(4)(25)(8)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes   2582
Loss from continuing operations before equity method investments, income taxes:(53)(36)(57)(22)(25)(4)
Other undisclosed income from continuing operations before income taxes9104   
Loss from continuing operations before income taxes:(44)(27)(54)(22)(25)(4)
Income tax expense (benefit)1(0)1313
Loss from continuing operations:(43)(27)(52)(19)(25)(1)
Income from discontinued operations    1 
Loss before gain (loss) on sale of properties:(43)(27)(52)(19)(24)(1)
Other undisclosed net income (loss)(2)0(13)  (0)
Net loss:(45)(26)(66)(19)(24)(1)
Net income (loss) attributable to noncontrolling interest1(0)(0)0(0)(0)
Other undisclosed net loss attributable to parent     (0)
Net loss attributable to parent:(44)(26)(66)(19)(24)(1)
Preferred stock dividends and other adjustments    (1)(1)
Net loss available to common stockholders, basic:(44)(26)(66)(19)(25)(2)
Other undisclosed net loss available to common stockholders, diluted   (25)  
Net loss available to common stockholders, diluted:(44)(26)(66)(44)(25)(2)

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(45)(26)(66)(19)(24)(1)
Comprehensive loss:(45)(26)(66)(19)(24)(1)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(0)(0)000
Comprehensive loss, net of tax, attributable to parent:(44)(26)(66)(19)(24)(1)

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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