Limelight Networks, Inc. (LLNW) financial statements (2022 and earlier)

Company profile

Business Address 2220 WEST 14TH STREET
TEMPE, AZ 85281
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments79,285123,72318,33550,46649,31666,18773,002
Cash and cash equivalents41,91846,79518,33525,38320,91221,73444,680
Short-term investments37,36776,928 25,08328,40444,45328,322
Receivables47,05936,13537,62628,18533,93328,83926,965
Capitalized contract cost   870
Other undisclosed current assets8,25511,1966,85211,8973,9433,6579,667
Total current assets:134,599171,05462,81391,41887,19298,683109,634
Noncurrent Assets
Operating lease, right-of-use asset6,33810,15012,842
Property, plant and equipment33,62246,41846,13627,37828,99130,35236,143
Long-term investments and receivables40404040404040
Long-term investments40404040404040
Intangible assets, net (including goodwill)129,12477,75377,10276,40777,05476,24376,158
Goodwill114,51177,75377,10276,40777,05476,24376,143
Intangible assets, net (excluding goodwill)14,613     15
Capitalized contract cost, net   597
Deferred income tax assets1,8931,5301,319
Other noncurrent assets5,4857,2339,1172,2201,6651,7942,400
Other undisclosed noncurrent assets   8651,5061,0171,252
Total noncurrent assets:176,502143,124146,556107,507109,256109,446115,993
TOTAL ASSETS:311,101314,178209,369198,925196,448208,129225,627
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,5044,84012,1989,3404,8918,9789,341
Accounts payable11,6314,58712,0209,2164,4398,7909,137
Taxes payable873253178124452188204
Deferred revenue3,266933976
Debt  2,056   466
Estimated litigation liability   9,00018,00018,000 
Deferred revenue and credits1,1872,1382,890
Contract with customer, liability1,883
Other liabilities19,29217,56013,39812,92218,50712,83610,857
Other undisclosed current liabilities1,8612,465     
Total current liabilities:36,92325,79828,62833,14542,58541,95223,554
Noncurrent Liabilities
Long-term debt and lease obligation131,398112,21013,488   1,436
Long-term debt, excluding current maturities121,782100,945     
Capital lease obligations   1,436
Operating lease, liability9,61611,26513,488
Liabilities, other than long-term debt1,2019787164779,57428,6092,540
Deferred revenue and credits162292
Deferred revenue116220161
Contract with customer, liability42
Deferred tax liabilities, net  152137
Deferred income tax liabilities308279239
Estimated litigation liability    9,00027,000 
Other liabilities7774793164355581,4352,311
Other undisclosed noncurrent liabilities   152144  
Total noncurrent liabilities:132,599113,18814,2046299,71828,6093,976
Total liabilities:169,522138,98642,83233,77452,30370,56127,530
Stockholders' equity
Stockholders' equity attributable to parent141,579175,192166,537165,151144,145137,568198,097
Common stock134124118114111107102
Additional paid in capital576,807556,512530,285513,682502,312490,819477,202
Accumulated other comprehensive loss(8,345)(7,511)(9,210)(10,033)(8,328)(11,038)(10,812)
Accumulated deficit(427,017)(373,933)(354,656)(338,612)(349,950)(342,320)(268,395)
Total stockholders' equity:141,579175,192166,537165,151144,145137,568198,097
TOTAL LIABILITIES AND EQUITY:311,101314,178209,369198,925196,448208,129225,627

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues217,630230,194200,634195,670184,360168,234170,912
Cost of revenue(157,281)(147,088)(119,090)(102,197)(96,561)(96,889)(102,793)
Cost of goods and services sold(157,281)(147,088)(119,090)(16,277)(18,138)(18,032)(17,975)
Gross profit:60,34983,10681,54493,47387,79971,34568,119
Operating expenses(107,739)(97,500)(97,269)(98,313)(95,869)(143,774)(93,840)
Operating loss:(47,390)(14,394)(15,725)(4,840)(8,070)(72,429)(25,721)
Nonoperating income (expense)(6,217)(4,238)43115,220866(893)2,036
Investment income, nonoperating13469427670494123317
Other nonoperating income (expense)(1,106)(368)80(264)452(98)1,748
Interest and debt expense(5,245)(3,939)(76)(86)(80)(918)(29)
Other undisclosed income from continuing operations before equity method investments, income taxes    8091829
Income (loss) from continuing operations before equity method investments, income taxes:(58,852)(22,571)(15,370)10,294(7,204)(73,322)(23,685)
Other undisclosed income from continuing operations before income taxes5,2453,9397686   
Income (loss) from continuing operations before income taxes:(53,607)(18,632)(15,294)10,380(7,204)(73,322)(23,685)
Income tax expense(1,154)(645)(750)(538)(426)(603)(267)
Net income (loss) available to common stockholders, diluted:(54,761)(19,277)(16,044)9,842(7,630)(73,925)(23,952)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(54,761)(19,277)(16,044)9,842(7,630)(73,925)(23,952)
Other comprehensive income (loss)    2,710(226)(3,026)
Comprehensive income (loss):(54,761)(19,277)(16,044)9,842(4,920)(74,151)(26,978)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(834)1,699823(1,705)   
Comprehensive income (loss), net of tax, attributable to parent:(55,595)(17,578)(15,221)8,137(4,920)(74,151)(26,978)

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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