Local Corp (LOCMQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 7555 IRVINE CENTER DRIVE
IRVINE, CA 92618
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)

3/31/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,4385,0693,696
Cash and cash equivalents 2,4385,0693,696
Restricted cash and investments   42
Receivables 8,42617,29810,937
Prepaid expense and other current assets648
Other undisclosed current assets 449957 
Total current assets: 11,31323,32415,323
Noncurrent Assets
Property, plant and equipment 5,6506,0736,769
Long-term investments and receivables (3,431)(3,431)1,585
Accounts and financing receivable, after allowance for credit loss (3,431)(3,431)1,585
Intangible assets, net (including goodwill) 21,03321,72025,782
Goodwill 19,28119,28121,850
Intangible assets, net (excluding goodwill) 1,7522,4393,932
Deposits noncurrent assets 727258
Other undisclosed noncurrent assets 3,4313,821390
Total noncurrent assets: 26,75528,25534,584
TOTAL ASSETS: 38,06851,57949,907
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 12,08314,2489,196
Employee-related liabilities 9401,462829
Accounts payable 9,66912,7868,367
Accrued liabilities 1,474  
Debt 4,8831,50010,000
Derivative instruments and hedges, liabilities 1565375
Deferred revenue and credits 225525655
Other undisclosed current liabilities  10,2951,315
Total current liabilities: 17,34727,10521,171
Noncurrent Liabilities
Long-term debt and lease obligation 4,630375 
Long-term debt, excluding current maturities 4,630375 
Liabilities, other than long-term debt 480347302
Deferred tax liabilities, net 480347302
Other undisclosed noncurrent liabilities  3,467 
Total noncurrent liabilities: 5,1104,189302
Total liabilities: 22,45731,29421,473
Equity
Equity, attributable to parent 15,61120,28528,434
Additional paid in capital 125,076124,249122,036
Accumulated deficit (109,465)(103,964)(93,602)
Total equity: 15,61120,28528,434
TOTAL LIABILITIES AND EQUITY: 38,06851,57949,907

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

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 83,21794,39697,773
Cost of revenue (63,580)(68,541)(87,941)
Cost of goods and services sold (63,580)(68,541)(71,657)
Gross profit: 19,63725,8559,832
Operating expenses (29,124)(36,446)(34,121)
Other undisclosed operating income 4,6705,318 
Operating loss: (4,817)(5,273)(24,289)
Nonoperating income
(Investment Income, Nonoperating)
 9181,100202
Interest and debt expense (2,183)(2,333)(458)
Other undisclosed income from continuing operations before equity method investments, income taxes  1233
Loss from continuing operations before income taxes: (6,082)(6,494)(24,512)
Income tax expense (129)(139)(111)
Loss from continuing operations: (6,211)(6,633)(24,623)
Loss before gain (loss) on sale of properties: (5,501)(6,633)(24,646)
Income (loss) from discontinued operations 710 (23)
Net loss: (5,501)(6,633)(24,646)
Other undisclosed net income (loss) attributable to parent  (3,729)404
Net loss available to common stockholders, diluted: (5,501)(10,362)(24,242)

Comprehensive Income ($ in thousands)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net loss: (5,501)(6,633)(24,646)
Comprehensive loss, net of tax, attributable to parent: (5,501)(6,633)(24,646)

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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