Intercloud Systems Inc (ICLD) financial statements (2022 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 thousands)
Annual | Quarterly

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 investments6811,7907,9445,47017,867647
Cash and cash equivalents6811,7907,9445,47017,867647
Receivables6,23413,95216,70819,4217,0847,960
Inventory, net of allowances, customer advances and progress billings 1651,1811,031✕✕
Inventory 1651,1811,031  
Deferred costs   1,2781,5021,528
Disposal group, including discontinued operation41     
Prepaid expense and other current assets✕✕✕✕✕239
Other current assets2,7242,1002,3211,448805✕
Other undisclosed current assets3,6173824003001,050(707)
Total current assets:13,29718,38928,55428,94828,3079,666
Noncurrent Assets
Property, plant and equipment445336592,210362368
Intangible assets, net (including goodwill)2,65935,39141,44790,05329,84629,668
Goodwill 23,36824,57560,35417,07020,562
Intangible assets, net (excluding goodwill)2,65912,02316,87229,69912,7769,106
Deposits noncurrent assets     636
Disposal group, including discontinued operation, noncurrent assets  20,675 ✕✕
Other undisclosed noncurrent assets4562568961462,1741,528
Total noncurrent assets:3,15936,18063,67792,40932,38332,200
TOTAL ASSETS:16,45654,56992,231121,35760,69041,866
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12,67521,68110,79219,0178,8814,164
Accounts payable4,65210,907 12,562  
Accrued liabilities8,00810,721    
Employee-related liabilities  2,6793,624  
Taxes payable1553 728430124
Interest and dividends payable  4,2452,8312,275865
Other undisclosed accounts payable and accrued liabilities  3,868(728)6,1753,176
Debt114121131252318(352)
Derivative instruments and hedges, liabilities3,3791,74940818  
Due to related parties752,033(11,103)(7,238)(4,031)378
Disposal group, including discontinued operation3,338     
Business combination, contingent consideration, liability 515  ✕✕
Deferred revenue and credits 3,0585,1453,68051135
Other undisclosed current liabilities14,22228,64534,57826,31618,8949,085
Total current liabilities:33,80357,80239,95142,04524,11213,410
Noncurrent Liabilities
Long-term debt and lease obligation1,058  53124208
Long-term debt, excluding current maturities1,058  53124208
Liabilities, other than long-term debt16,6519,94825,31313,60519,983139
Due to related parties 8,6328,18311,214106106
Derivative instruments and hedges, liabilities16,6511,31617,1302,39119,87834
Other undisclosed noncurrent liabilities3,2602,86231,16729,41418,14714,255
Total noncurrent liabilities:20,96912,81056,48043,07238,25414,602
Other undisclosed liabilities     558
Total liabilities:54,77270,61296,43185,11762,36628,570
Temporary equity, carrying amount887     
Stockholders' equity
Stockholders' equity attributable to parent, including:(38,654)(16,386)(4,532)36,011(1,919)(3,411)
Common stock92113210
Treasury stock, value(2)(1)    
Additional paid in capital154,538130,860117,70692,74536,0209,095
Accumulated deficit(193,319)(148,983)(122,500)(56,738)(37,943)(12,506)
Other undisclosed stockholders' equity attributable to parent371,727259230
Stockholders' equity attributable to noncontrolling interest(549)343332229243122
Total stockholders' equity:(39,203)(16,043)(4,200)36,240(1,676)(3,289)
Other undisclosed liabilities and equity     16,585
TOTAL LIABILITIES AND EQUITY:16,45654,56992,231121,35760,69041,866

Income statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues34,52078,00074,91776,22851,40817,236
Revenue, net 78,00074,91776,228  
Cost of revenue(27,492)(58,195)(54,070)(56,123)(37,280)(12,059)
Gross profit:7,02819,80520,84720,10514,1285,176
Operating expenses(23,451)(38,429)(48,657)(38,749)(20,468)(7,938)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)		   181(176) 
Other undisclosed operating income (loss)   (181)176 
Operating loss:(16,423)(18,624)(27,810)(18,644)(6,341)(2,762)
Nonoperating expense(27,582)(8,106)(25,934)(3,343)(19,075)(1,047)
Investment income, nonoperating(9,531)17,545(9,400)25,772(14,156)602
Other nonoperating expense(2,138)(1,563)(388)   
Interest and debt expense(8,857)(9,587)(3,725)(24,645)(7,830)(1,783)
Other undisclosed income from continuing operations before equity method investments, income taxes   24,6457,8301,783
Loss from continuing operations before equity method investments, income taxes:(52,862)(36,317)(57,469)(21,987)(25,416)(3,809)
Other undisclosed income from continuing operations before income taxes8,8579,5873,725   
Loss from continuing operations before income taxes:(44,005)(26,730)(53,744)(21,987)(25,416)(3,809)
Income tax expense (benefit)672(207)1,3453,1695882,801
Loss from continuing operations:(43,333)(26,937)(52,399)(18,818)(24,828)(1,008)
Income from discontinued operations    550 
Loss before gain (loss) on sale of properties:(43,333)(26,937)(52,399)(18,818)(24,278)(1,008)
Other undisclosed net income (loss)(1,559)465(13,260)  (154)
Net loss:(44,892)(26,472)(65,659)(18,818)(24,278)(1,163)
Net income (loss) attributable to noncontrolling interest556(11)(103)23(76)(16)
Other undisclosed net loss attributable to parent     (51)
Net loss attributable to parent:(44,336)(26,483)(65,762)(18,795)(24,354)(1,230)
Preferred stock dividends and other adjustments    (1,084)(843)
Net loss available to common stockholders, basic:(44,336)(26,483)(65,762)(18,795)(25,438)(2,073)
Other undisclosed net loss available to common stockholders, diluted   (25,212)  
Net loss available to common stockholders, diluted:(44,336)(26,483)(65,762)(44,007)(25,438)(2,073)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(44,892)(26,472)(65,659)(18,818)(24,278)(1,163)
Comprehensive loss:(44,892)(26,472)(65,659)(18,818)(24,278)(1,163)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest556(11)(103)237616
Comprehensive loss, net of tax, attributable to parent:(44,336)(26,483)(65,762)(18,795)(24,202)(1,146)

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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