Lighting Science Group Corp (LSCG) financial statements (2022 and earlier)

Company profile

Business Address 1350 DIVISION ROAD
WEST WARWICK, RI 02893
State of Incorp. DE
Fiscal Year End December 31
SIC 364 - Electric Lighting And Wiring Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9116481,60911,19515,834
Cash and cash equivalents1,9116481,60911,19515,834
Restricted cash and investments 3,0003,0005,0005,000
Receivables4,1137,67310,4187,77213,130
Inventory, net of allowances, customer advances and progress billings16,42221,45022,72619,06128,981
Inventory16,42221,45022,72619,06128,981
Prepaid expense9631,1592,9371,900
Deferred costs  1,300  
Prepaid expense and other current assets3,141
Other current assets 1,6801,611359
Other undisclosed current assets3,000 (1,300)  
Total current assets:26,40935,61042,30145,28766,087
Noncurrent Assets
Property, plant and equipment6368572,6506,49916,543
Intangible assets, net (including goodwill)3,4963,0252,5721,850864
Intangible assets, net (excluding goodwill)3,4963,0252,5721,850864
Deferred costs  3,230  
Other noncurrent assets107118118254
Prepaid expense and other noncurrent assets739
Other undisclosed noncurrent assets401,9667201,4071,360
Total noncurrent assets:4,2805,9669,29210,01019,507
TOTAL ASSETS:30,68941,57551,59255,29785,594
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities21,00920,46929,28923,16121,546
Accounts payable13,84613,19319,36515,98014,791
Accrued liabilities7,1637,2769,9247,1806,755
Debt5,785295954
Other undisclosed current liabilities 6,8636,90941,8417,181
Total current liabilities:26,79427,36036,25665,00728,731
Noncurrent Liabilities
Long-term debt and lease obligation28,85929,23335814
Long-term debt, excluding current maturities28,85929,23335814
Liabilities, other than long-term debt1,0484,1735,637  
Derivative instruments and hedges, liabilities1,0484,1735,637  
Other undisclosed noncurrent liabilities  27,8139,1759,321
Total noncurrent liabilities:29,90733,40633,4859,1849,335
Total liabilities:56,70060,76669,74274,19038,066
Temporary equity, carrying amount543,996532,187468,907391,957352,025
Stockholders' equity
Stockholders' equity attributable to parent, including:(570,008)(551,377)(487,056)(410,850)(304,497)
Common stock220    
Treasury stock, value(3,758)(3,758)(3,758)(3,758)(3,758)
Additional paid in capital282,615281,486320,175331,200347,686
Accumulated other comprehensive loss(1,453)(1,902)(3,358)(3,769)(3,718)
Accumulated deficit(847,632)(827,416)(800,329)(734,734)(644,917)
Other undisclosed stockholders' equity attributable to parent 213212210208
Total stockholders' equity:(570,008)(551,377)(487,056)(410,850)(304,497)
TOTAL LIABILITIES AND EQUITY:30,68941,57551,59255,29785,594

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues52,69779,75091,28583,222127,111
Cost of revenue(46,418)(68,549)(92,932)(98,043)(146,903)
Cost of goods and services sold(46,418)(68,549)(92,425)(98,043)(146,903)
Other undisclosed gross profit  5,230  
Gross profit:6,27911,2013,582(14,822)(19,791)
Operating expenses(22,785)(30,510)(46,496)(75,114)(86,004)
Operating loss:(16,506)(19,309)(42,913)(89,936)(105,795)
Nonoperating income (expense)(3,706)(7,762)(22,681)119(5,545)
Investment income, nonoperating2,951(597)(15,659)3,8988,509
Other nonoperating income (expense)480(349)(267)247166
Interest and debt expense(6,584)(6,283)(6,279)(4,027)(4,647)
Other undisclosed income from continuing operations before equity method investments, income taxes6,5846,2836,2794,0274,647
Loss from continuing operations before income taxes:(20,213)(27,071)(65,595)(89,817)(111,340)
Income tax expense(3)(17)   
Net loss available to common stockholders, diluted:(20,216)(27,088)(65,595)(89,817)(111,340)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(20,216)(27,088)(65,595)(89,817)(111,340)
Comprehensive loss:(20,216)(27,088)(65,595)(89,817)(111,340)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4491,456411(51)(70)
Comprehensive loss, net of tax, attributable to parent:(19,767)(25,632)(65,184)(89,869)(111,410)

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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