Intercloud Systems Inc (ICLD) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2018
MRQ
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 investments 6811,7907,9445,47017,867647
Cash and cash equivalents 6811,7907,9445,47017,867647
Receivables 6,23413,95216,70819,4217,0847,960
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 operation 41     
Other current assets 2,7242,1002,3211,448805233
Other undisclosed current assets 3,6173824003001,050(184)
Total current assets: 13,29718,38928,55428,94828,30710,184
Noncurrent Assets
Property, plant and equipment 445336592,210362368
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
Disposal group, including discontinued operation, noncurrent assets   20,675 
Other undisclosed noncurrent assets 4562568961462,1741,647
Total noncurrent assets: 3,15936,18063,67792,40932,38331,682
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
Interest and dividends payable   4,2452,8312,275865
Taxes payable 1553 728430124
Employee-related liabilities   2,6793,624  
Accounts payable 4,65210,907 12,562  
Accrued liabilities 8,00810,721    
Other undisclosed accounts payable and accrued liabilities   3,868(728)6,1753,176
Debt 114121131252318(352)
Derivative instruments and hedges, liabilities 3,3791,74940818  
Disposal group, including discontinued operation 3,338     
Business combination, contingent consideration, liability  515  
Deferred revenue and credits 3,0585,1453,68051135
Due to related parties 752,033(11,103)(7,238)(4,031)378
Other undisclosed current liabilities 14,22228,64534,57826,31618,8949,085
Total current liabilities: 33,80357,80239,95142,04524,11213,410
Noncurrent Liabilities
Long-term debt and lease obligation 1,058  53124208
Long-term debt, excluding current maturities 1,058  53124208
Liabilities, other than long-term debt 16,6519,94825,31313,60519,983139
Due to related parties  8,6328,18311,214106106
Derivative instruments and hedges, liabilities 16,6511,31617,1302,39119,87834
Other undisclosed noncurrent liabilities 3,2602,86231,16729,41418,14714,813
Total noncurrent liabilities: 20,96912,81056,48043,07238,25415,160
Total liabilities: 54,77270,61296,43185,11762,36628,570
Temporary equity, carrying amount 887     
Equity
Equity, attributable to parent, including: (38,654)(16,386)(4,532)36,011(1,919)(3,360)
Common stock 92113210
Treasury stock, value (2)(1)    
Additional paid in capital 154,538130,860117,70692,74536,0209,096
Accumulated deficit (193,319)(148,983)(122,500)(56,738)(37,943)(12,456)
Other undisclosed equity, attributable to parent 371,727259230
Equity, attributable to noncontrolling interest (549)34333222924371
Total 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)

9/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 34,52078,00074,91776,22851,40817,236
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)(1,098)
Investment income, nonoperating (9,531)17,545(9,400)25,772(14,156)199
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)(3,860)
Other undisclosed income from continuing operations before income taxes 8,8579,5873,725   
Loss from continuing operations before income taxes: (44,005)(26,730)(53,744)(21,987)(25,416)(3,860)
Income tax expense (benefit) 672(207)1,3453,1695882,647
Loss from continuing operations: (43,333)(26,937)(52,399)(18,818)(24,828)(1,213)
Loss before gain (loss) on sale of properties: (43,333)(26,937)(52,399)(18,818)(24,278)(1,213)
Income from discontinued operations     550 
Other undisclosed net income (loss) (1,559)465(13,260)   
Net loss: (44,892)(26,472)(65,659)(18,818)(24,278)(1,213)
Net income (loss) attributable to noncontrolling interest 556(11)(103)23(76)(16)
Other undisclosed net income attributable to parent      16
Net loss attributable to parent: (44,336)(26,483)(65,762)(18,795)(24,354)(1,213)
Preferred stock dividends and other adjustments     (1,084)(843)
Other undisclosed net loss available to common stockholders, basic      (16)
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)

9/30/2018
TTM
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)(1,213)
Comprehensive loss: (44,892)(26,472)(65,659)(18,818)(24,278)(1,213)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 556(11)(103)237616
Comprehensive loss, net of tax, attributable to parent: (44,336)(26,483)(65,762)(18,795)(24,202)(1,197)

Statements Sources

The financial statements are based on the Company's filings with 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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