MITEL NETWORKS CORP (MITL) financial statements (2020 and earlier)

Company profile

Business Address 350 LEGGET DRIVE
KANATA ONTARIO CANADA K2K 2W7, ON 00000
State of Incorp.
Fiscal Year End December 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
4/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43979211169
Cash and cash equivalents43979211169
Restricted cash and investments   0 
Receivables241186290257127
Inventory, net of allowances, customer advances and progress billings8475938828
Inventory8475938828
Disposal group, including discontinued operation 121   
Prepaid expense and other current assets13
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases461318 
Other current assets79587553
Other undisclosed current assets   1249
Total current assets:451543563540285
Noncurrent Assets
Property, plant and equipment5339555130
Long-term investments and receivables671720 
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases671720 
Intangible assets, net (including goodwill)9574471,049516189
Goodwill536346659340133
Intangible assets, net (excluding goodwill)42110039017656
Regulated entity, other noncurrent assets111316  
Disposal group, including discontinued operation, noncurrent assets 333  
Other noncurrent assets3681119
Prepaid expense and other noncurrent assets15
Other undisclosed noncurrent assets117173143134138
Total noncurrent assets:1,1791,0181,290739372
TOTAL ASSETS:1,6311,5611,8531,279656
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:261201249215101
Accounts payable57466654 
Accrued liabilities9176735932
Employee-related liabilities4840484814
Other undisclosed accounts payable and accrued liabilities6540645455
Debt17391267
Restructuring reserve   32
Due to related parties   11
Disposal group, including discontinued operation 58   
Deferred revenue and credits161881127832
Other liabilities   2110
Other undisclosed current liabilities   (54)(11)
Total current liabilities:439386373299140
Noncurrent Liabilities
Long-term debt and lease obligation612547634311282
Long-term debt, excluding current maturities612547634311282
Liabilities, other than long-term debt234246231221147
Deferred revenue and credits6439403615
Pension and other postretirement defined benefit plans, liabilities91
Deferred tax liabilities, net1410281523
Liability, pension and other postretirement and postemployment benefits120146127136
Disposal group, including discontinued operation, liabilities 25   
Other liabilities3626363418
Other undisclosed noncurrent liabilities    4
Total noncurrent liabilities:846793864532432
Total liabilities:1,2851,1791,238831572
Stockholders' equity
Stockholders' equity attributable to parent34638361544884
Common stock1,4661,4251,4141,216810
Additional paid in capital 57493834
Accumulated other comprehensive loss(169)(192)(168)(147)(114)
Accumulated deficit(991)(947)(719)(699)(686)
Warrants and rights outstanding3939393939
Total stockholders' equity:34638361544884
TOTAL LIABILITIES AND EQUITY:1,6311,5611,8531,279656

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
4/30/2013
Revenues1,0599881,1581,104577
Cost of revenue(480)(456)(544)(514)(256)
Gross profit:579532614590321
Operating expenses(611)(436)(624)(589)(299)
Other undisclosed operating loss (46)   
Operating income (loss):(32)50(10)122
Nonoperating income (expense)(0)321101
Foreign currency transaction gain, before tax   4 
Other nonoperating income (expense)(0)32161
Interest and debt expense(19)(17)(32)(21)(20)
Other undisclosed loss from continuing operations before equity method investments, income taxes(18)(2)(10)(20)(3)
Income (loss) from continuing operations before income taxes:(69)34(31)(30)1
Income tax expense (benefit)201 (23)9
Income (loss) from continuing operations:(48)35(31)(53)10
Loss from discontinued operations(1)(252)  (4)
Net income (loss):(50)(217)(31)(53)6
Other undisclosed net income attributable to parent  11460
Net income (loss) available to common stockholders, diluted:(50)(217)(21)(7)6

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
4/30/2013
Net income (loss):(50)(217)(31)(53)6
Other comprehensive income (loss)23(24)(21)(67)(17)
Comprehensive loss:(27)(241)(52)(121)(11)
Other undisclosed comprehensive income, net of tax, attributable to parent  11460
Comprehensive loss, net of tax, attributable to parent:(27)(241)(42)(75)(10)

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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