Local Corp (LOCMQ) financial statements (2022 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 thousands)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4385,0693,696
Cash and cash equivalents2,4385,0693,696
Restricted cash and investments  42
Receivables8,42617,29810,937
Prepaid expense and other current assets648
Other undisclosed current assets449957 
Total current assets:11,31323,32415,323
Noncurrent Assets
Property, plant and equipment5,6506,0736,769
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
Goodwill19,28119,28121,850
Intangible assets, net (excluding goodwill)1,7522,4393,932
Deposits noncurrent assets727258
Other undisclosed noncurrent assets3,4313,821390
Total noncurrent assets:26,75528,25534,584
TOTAL ASSETS:38,06851,57949,907
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,08314,2489,196
Accounts payable9,66912,7868,367
Accrued liabilities1,474  
Employee-related liabilities9401,462829
Debt4,8831,50010,000
Derivative instruments and hedges, liabilities1565375
Deferred revenue and credits225525655
Other undisclosed current liabilities 10,2951,315
Total current liabilities:17,34727,10521,171
Noncurrent Liabilities
Long-term debt and lease obligation4,630375 
Long-term debt, excluding current maturities4,630375 
Liabilities, other than long-term debt480347302
Deferred tax liabilities, net480347302
Other undisclosed noncurrent liabilities 3,467 
Total noncurrent liabilities:5,1104,189302
Total liabilities:22,45731,29421,473
Stockholders' equity
Stockholders' equity attributable to parent15,61120,28528,434
Additional paid in capital125,076124,249122,036
Accumulated deficit(109,465)(103,964)(93,602)
Total stockholders' equity:15,61120,28528,434
TOTAL LIABILITIES AND EQUITY:38,06851,57949,907

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

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 income4,6705,318 
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)
Income (loss) from discontinued operations710 (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)

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 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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