Local Corp (LOCMQ) financial statements (2021 and earlier)

Company profile

Business Address 7555 IRVINE CENTER DRIVE
IRVINE, CA 92618
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 millions)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments254
Cash and cash equivalents254
Restricted cash and investments  0
Receivables81711
Prepaid expense and other current assets1
Other undisclosed current assets01 
Total current assets:112315
Noncurrent Assets
Property, plant and equipment667
Long-term investments and receivables(3)(3)2
Accounts and financing receivable, after allowance for credit loss(3)(3)2
Intangible assets, net (including goodwill)212226
Goodwill191922
Intangible assets, net (excluding goodwill)224
Deposits noncurrent assets000
Other undisclosed noncurrent assets340
Total noncurrent assets:272835
TOTAL ASSETS:385250
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12149
Accounts payable10138
Accrued liabilities1  
Employee-related liabilities111
Debt5210
Derivative instruments and hedges, liabilities010
Deferred revenue and credits011
Other undisclosed current liabilities 101
Total current liabilities:172721
Noncurrent Liabilities
Long-term debt and lease obligation50 
Long-term debt, excluding current maturities50 
Liabilities, other than long-term debt000
Deferred tax liabilities, net000
Other undisclosed noncurrent liabilities 3 
Total noncurrent liabilities:540
Total liabilities:223121
Stockholders' equity
Stockholders' equity attributable to parent162028
Additional paid in capital125124122
Accumulated deficit(109)(104)(94)
Total stockholders' equity:162028
TOTAL LIABILITIES AND EQUITY:385250

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

12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
839498
Cost of revenue(64)(69)(88)
Cost of goods and services sold(64)(69)(72)
Gross profit:202610
Operating expenses(29)(36)(34)
Other undisclosed operating income55 
Operating loss:(5)(5)(24)
Nonoperating income
(Investment Income, Nonoperating)
110
Interest and debt expense(2)(2)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes 00
Loss from continuing operations before income taxes:(6)(6)(25)
Income tax expense(0)(0)(0)
Loss from continuing operations:(6)(7)(25)
Income (loss) from discontinued operations1 (0)
Net loss:(6)(7)(25)
Other undisclosed net income (loss) attributable to parent (4)0
Net loss available to common stockholders, diluted:(6)(10)(24)

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net loss:(6)(7)(25)
Comprehensive loss, net of tax, attributable to parent:(6)(7)(25)

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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