MTBC, Inc. (MTBC) financial statements (2020 and earlier)

Company profile

Business Address 7 CLYDE ROAD
SOMERSET, NJ 08873
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20144381
Cash and cash equivalents20144381
Receivables774423
Inventory, net of allowances, customer advances and progress billings00    
Inventory00    
Prepaid expense     0
Contract with customer, asset23
Other current assets     0
Other undisclosed current assets11111 
Total current assets:312698115
Noncurrent Assets
Operating lease, right-of-use asset4
Property, plant and equipment321211
Intangible assets, net (including goodwill)191915181417
Goodwill1313121299
Intangible assets, net (excluding goodwill)673658
Other noncurrent assets000000
Total noncurrent assets:252217201619
TOTAL ASSETS:564826282723
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities952312
Accounts payable321201
Accrued liabilities221111
Employee-related liabilities2     
Interest and dividends payable21100 
Deferred revenue0
Debt200312
Deferred rent credit 0
Due to related parties     0
Business combination, contingent consideration, liability 11113
Deferred revenue and credits0000
Contract with customer, liability0
Other undisclosed current liabilities021931
Total current liabilities:11841668
Noncurrent Liabilities
Long-term debt and lease obligation, including:000450
Long-term debt, excluding current maturities000450
Operating lease, liability2
Other undisclosed long-term debt and lease obligation(2)     
Liabilities, other than long-term debt001111
Deferred revenue and credits0011
Deferred revenue0
Contract with customer, liability0
Deferred rent credit 0
Deferred tax liabilities, net0000 
Deferred income tax liabilities0
Business combination, contingent consideration, liability  000 
Other undisclosed noncurrent liabilities2  00 
Total noncurrent liabilities:211561
Total liabilities:149521129
Stockholders' equity
Stockholders' equity attributable to parent43392071514
Preferred stock00000 
Common stock000000
Treasury stock, value(1)(1)(1)(1)(0) 
Additional paid in capital696545262519
Accumulated other comprehensive loss(1)(1)(1)(0)(0)(0)
Accumulated deficit(25)(24)(24)(18)(9)(4)
Total stockholders' equity:43392071514
TOTAL LIABILITIES AND EQUITY:564826282723

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues645132242318
Revenue, net32242318
Cost of revenue
(Cost of Goods and Services Sold)
(41)(31)(18)(13)(12)(11)
Gross profit:23191411118
Operating expenses(64)(53)(36)(32)(28)(22)
Other undisclosed operating income413118131211
Operating income (loss):0(3)(5)(8)(4)(4)
Nonoperating income (expense)(1)00(0)0(0)
Foreign currency transaction gain (loss), before tax    0(0)
Other nonoperating income (expense)(1)00(0)0(0)
Interest and debt expense(0)(0)(1)(1)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes000000
Loss from continuing operations before income taxes:(1)(2)(5)(9)(5)(4)
Income tax expense (benefit)(0)0(0)(0)(0)(0)
Net loss attributable to parent:(1)(2)(6)(9)(5)(5)
Other undisclosed net loss available to common stockholders, basic(6)(5)(2)(1)(0) 
Net loss available to common stockholders, diluted:(7)(7)(8)(10)(5)(5)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(1)(2)(6)(9)(5)(5)
Other comprehensive income (loss) (1)(0)0(0)(0)
Comprehensive loss:(1)(3)(6)(9)(5)(5)
Other undisclosed comprehensive income, net of tax, attributable to parent1     
Comprehensive loss, net of tax, attributable to parent:(0)(3)(6)(9)(5)(5)

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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