LogMein, Inc. (LOGM) financial statements (2021 and earlier)

Company profile

Business Address 320 SUMMER STREET, SUITE 100
BOSTON, MA 02210
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (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 investments128149252196208201190
Cash and cash equivalents12814925214112310189
Short-term investments   5685100100
Restricted cash and investments     1 
Receivables1151019426161813
Other undisclosed current assets8278526121010
Total current assets:325328399228236231212
Noncurrent Assets
Operating lease, right-of-use asset99
Property, plant and equipment99989224221313
Intangible assets, net (including goodwill)3,2553,4603,3581841895736
Goodwill2,4142,4002,2091221183819
Intangible assets, net (excluding goodwill)8401,0601,15063721917
Restricted cash and investments2222234
Other noncurrent assets684264655
Other undisclosed noncurrent assets8610099
Total noncurrent assets:3,5313,6083,4592152198768
TOTAL ASSETS:3,8563,9363,858443456318280
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities21415510550425136
Accounts payable523522151076
Accrued liabilities1621198235322920
Employee-related liabilities     1510
Deferred revenue390
Debt18      
Deferred revenue and credits34115713410282
Contract with customer, liability370
Other undisclosed current liabilities     (15)(10)
Total current liabilities:623525445207176138109
Noncurrent Liabilities
Long-term debt and lease obligation89      
Operating lease, liability89
Liabilities, other than long-term debt33237249101263
Deferred revenue and credits75343
Deferred revenue18
Contract with customer, liability10
Deferred tax liabilities, net20122126  
Other liabilities1526213321
Other undisclosed noncurrent liabilities370200 3060  
Total noncurrent liabilities:493437249407263
Total liabilities:1,115961694247248144112
Stockholders' equity
Stockholders' equity attributable to parent2,7412,9753,164196208174167
Common stock1110000
Treasury stock, value(635)(429)(180)(110)(85)(67)(31)
Additional paid in capital3,3703,3173,277315277237200
Accumulated other comprehensive income (loss)1216(7)(5)(3)(1)
Retained earnings (accumulated deficit)58450(2)217(1)
Total stockholders' equity:2,7412,9753,164196208174167
TOTAL LIABILITIES AND EQUITY:3,8563,9363,858443456318280

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
Revenues1,2601,204990336272222166
Cost of revenue(324)(281)(203)(46)(35)(29)(19)
Cost of goods and services sold(324)(281)     
Gross profit:937923787291236193147
Operating expenses(938)(836)(798)(286)(220)(185)(149)
Operating income (loss):(2)86(12)4169(2)
Nonoperating income1110210
Investment income, nonoperating2211111
Other nonoperating income (expense)(1)(1)(0)(1)10(0)
Interest and debt expense(8)(6)(1)(1)(1)  
Income (loss) from continuing operations before income taxes:(9)81(12)3189(1)
Income tax expense (benefit)(6)(6)112(1)(3)(1)(6)
Net income (loss) available to common stockholders, diluted:(15)741003158(8)

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 income (loss):(15)741003158(8)
Other comprehensive loss     (2)(1)
Comprehensive income (loss):(15)741003156(8)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(13)22(1)(2)  
Comprehensive income (loss), net of tax, attributable to parent:(16)611221126(8)

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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