NetSol Technologies Inc. (NTWK) financial statements (2020 and earlier)

Company profile

Business Address 23975 PARK SORRENTO
CALABASAS, CA 91302
State of Incorp. NV
Fiscal Year End June 30
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22172214121411
Cash and cash equivalents22172214121411
Restricted cash and investments    003
Receivables10191881500
Prepaid expense     00
Contract with customer, asset1615
Costs in excess of billings 19105 
Deferred tax assets     1
Other current assets3332223
Other undisclosed current assets40140199
Total current assets:55555744403227
Noncurrent Assets
Operating lease, right-of-use asset3
Property, plant and equipment13121620232530
Long-term investments and receivables233    
Long-term investments233    
Intangible assets, net (including goodwill)16172227293238
Goodwill10101010101010
Intangible assets, net (excluding goodwill)771217202329
Contract with customer, asset, net11
Other noncurrent assets00031  
Costs in excess of billings 5   
Other undisclosed noncurrent assets  100  
Total noncurrent assets:36334255535768
TOTAL ASSETS:9187100100938995
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8787665
Accounts payable2121122
Accrued liabilities5564443
Employee-related liabilities0101000
Taxes payable0000000
Interest and dividends payable     00
Other undisclosed accounts payable and accrued liabilities0000000
Deferred revenue3
Debt117910446
Deferred revenue and credits 4553
Other undisclosed current liabilities0660000
Total current liabilities:22202321151515
Noncurrent Liabilities
Long-term debt and lease obligation, including:2100002
Long-term debt, excluding current maturities 0   02
Finance lease, liability0
Capital lease obligations000001
Operating lease, liability2
Other undisclosed long-term debt and lease obligation     (0)(1)
Total noncurrent liabilities:2100002
Total liabilities:24212321161516
Stockholders' equity
Stockholders' equity attributable to parent, including:60586363646063
Common stock0000000
Treasury stock, value(1)(1)(1)(0)(0)(0)(0)
Common stock, share subscribed but unissued, subscriptions receivable  (0)(0)(1)(1)(2)
Common stock, value, subscriptions     00
Additional paid in capital128128126124121119115
Accumulated other comprehensive loss(30)(33)(24)(18)(19)(17)(15)
Accumulated deficit(36)(35)(38)(42)(37)(41)(35)
Other undisclosed stockholders' equity attributable to parent     (0)(0)
Stockholders' equity attributable to noncontrolling interest781415131416
Total stockholders' equity:67667778787479
TOTAL LIABILITIES AND EQUITY:9187100100938995

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues64686165655136
Revenue, net 51493826
Cost of revenue(32)(33)(32)(37)(34)(33)(28)
Cost of goods and services sold(3)(4)(5)(5)(6)(8)(7)
Gross profit:3134292831189
Operating expenses(28)(28)(26)(29)(24)(23)(22)
Other operating expense, net
(Other Expenses)
     (3)(4)
Other undisclosed operating income     34
Operating income (loss):373(1)6(5)(13)
Nonoperating income (expense)3650(1)0(2)
Investment income, nonoperating      (2)
Foreign currency transaction gain (loss), before tax2650(1)(0)0
Other nonoperating income0000010
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes0000001
Income (loss) from continuing operations before equity method investments, income taxes:6138(1)6(5)(14)
Loss from equity method investments(0)(1)(0)   (1)
Income (loss) from continuing operations before income taxes:6128(1)6(5)(14)
Income tax expense(1)(1)(1)(1)(1)(0)(0)
Other undisclosed income from continuing operations010   1
Income (loss) from continuing operations:5127(2)5(5)(14)
Income from discontinued operations      1
Net income (loss):5127(2)5(5)(13)
Net income (loss) attributable to noncontrolling interest(1)(3)(3)(3)(2)(0)2
Net income (loss) available to common stockholders, diluted:494(5)3(6)(11)

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):5127(2)5(5)(13)
Other undisclosed comprehensive income (loss)10 (13)2(4)(4)3
Comprehensive income (loss):1412(6)11(9)(10)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(3)3(0)011
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(8)(9)1(5)  (2)
Comprehensive income (loss), net of tax, attributable to parent:2(0)(2)(4)2(8)(11)

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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