Inseego Corp. (INSG) financial statements (2020 and earlier)

Company profile

Business Address 9710 SCRANTON ROAD
SAN DIEGO, CA 92121
State of Incorp.
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
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:12312110131820
Cash and cash equivalents1231211013183
Short-term investments    1 17
Other undisclosed cash, cash equivalents, and short-term investments0(0)00(1)0(0)
Restricted cash and investments  0   3
Receivables20211622352440
Inventory, net of allowances, customer advances and progress billings25262031563828
Inventory25262031563828
Other undisclosed current assets7695786
Total current assets:648466681118896
Noncurrent Assets
Operating lease, right-of-use asset3
Property, plant and equipment117789510
Long-term investments and receivables      3
Long-term investments      3
Intangible assets, net (including goodwill)786576757312
Goodwill3433383430  
Intangible assets, net (excluding goodwill)443239404312
Other noncurrent assets0110000
Other undisclosed noncurrent assets56876 0
Total noncurrent assets:9778929088716
TOTAL ASSETS:16116215815919995111
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44525759616653
Accounts payable26392931353525
Accrued liabilities18132828262423
Employee-related liabilities     85
Debt01333 3
Other undisclosed current liabilities     (8)(1)
Total current liabilities:45546062645855
Noncurrent Liabilities
Long-term debt and lease obligation15013912992835 
Long-term debt, excluding current maturities14813812991825 
Capital lease obligations1111  
Operating lease, liability2
Liabilities, other than long-term debt2410191912
Restructuring reserve 01010 
Other liabilities2310191812
Business combination, contingent consideration, liability 1    
Other undisclosed noncurrent liabilities23432(0)10
Total noncurrent liabilities:154145144114104612
Total liabilities:1991992041761686467
Stockholders' equity
Stockholders' equity attributable to parent(37)(36)(46)(18)303145
Common stock0000000
Treasury stock, value     (25)(25)
Additional paid in capital585546520508502467441
Accumulated other comprehensive income (loss)(4)(5)5(1)(9) 0
Accumulated deficit(618)(578)(570)(524)(463)(411)(371)
Stockholders' equity attributable to noncontrolling interest(0)(0)(0)00  
Total stockholders' equity:(37)(37)(46)(18)303145
TOTAL LIABILITIES AND EQUITY:16116215815919995111

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues219202219244221185335
Revenue, net219244   
Cost of revenue(156)(132)(152)(167)(162)(148)(267)
Cost of goods and services sold(1)(1)(152)(167)(1)(3)(4)
Gross profit:64716776593768
Operating expenses(84)(57)(90)(121)(97)(73)(112)
Operating income (loss):(20)14(22)(45)(38)(36)(43)
Nonoperating income (expense)0(1)(4)0(7)(0)(0)
Foreign currency transaction gain (loss), before tax(0)(0)0 (8)(0)0
Other nonoperating income (expense)0(1)(4)01(0)(0)
Interest and debt expense  (2)    
Other undisclosed loss from continuing operations before equity method investments, income taxes(20)(20)(18)(16)(7)(3)(0)
Loss from continuing operations before income taxes:(40)(7)(46)(60)(52)(39)(43)
Income tax expense(1)(1)(0)(0)(0)(0)(0)
Net loss:(40)(8)(46)(61)(52)(39)(43)
Net income (loss) attributable to noncontrolling interest(0)00(0)0  
Other undisclosed net loss attributable to parent     (0) 
Net loss attributable to parent:(40)(8)(46)(61)(52)(40)(43)
Preferred stock dividends and other adjustments(0)      
Net loss available to common stockholders, diluted:(40)(8)(46)(61)(52)(40)(43)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(40)(8)(46)(61)(52)(39)(43)
Other comprehensive loss     (0)(0)
Comprehensive loss:(40)(8)(46)(61)(52)(39)(43)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)00(0)0  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(10)67(9)(0) 
Comprehensive loss, net of tax, attributable to parent:(39)(18)(40)(53)(61)(40)(43)

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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