Polycom Inc (PLCM) Financial Statements (2024 and earlier)

Company Profile

Business Address 6001 AMERICA CENTER DR.
SAN JOSE, CA 95002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

6/30/2016
MRQ
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 619629527674
Cash and cash equivalents 435443393477
Short-term investments 184186135197
Receivables 196176183195
Inventory, net of allowances, customer advances and progress billings 89100103100
Inventory 89100103100
Prepaid expense 333731
Derivative instruments and hedges, assets 101474
Prepaid expense and other current assets55
Other current assets 233
Other undisclosed current assets  394645
Total current assets: 9499999011,073
Noncurrent Assets
Property, plant and equipment 102109115133
Long-term investments and receivables 46595650
Long-term investments 46595650
Intangible assets, net (including goodwill) 573584597609
Goodwill 559559559554
Intangible assets, net (excluding goodwill) 14253755
Other noncurrent assets 222628
Prepaid expense and other noncurrent assets21
Other undisclosed noncurrent assets 90545128
Total noncurrent assets: 833833848842
TOTAL ASSETS: 1,7821,8311,7491,915
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 202242153153
Interest and dividends payable  0  
Taxes payable 4455
Employee-related liabilities 39434039
Accounts payable 731088590
Accrued liabilities 85862319
Debt 666 
Derivative instruments and hedges, liabilities  873
Restructuring reserve  12
Deferred revenue and credits 171174172158
Other liabilities  1212 
Other undisclosed current liabilities  (33)3641
Total current liabilities: 378421387356
Noncurrent Liabilities
Long-term debt and lease obligation 229236242 
Long-term debt, excluding current maturities 229236242 
Liabilities, other than long-term debt 122150144129
Deferred revenue and credits 86898791
Accounts payable and accrued liabilities 1012  
Accrued income taxes1216
Deferred tax liabilities, net 0000
Other liabilities 26494422
Other undisclosed noncurrent liabilities   (0) 
Total noncurrent liabilities: 351386386129
Total liabilities: 729807773485
Equity
Equity, attributable to parent 1,0531,0249761,431
Common stock 0000
Additional paid in capital 1,1681,1561,1041,326
Accumulated other comprehensive income (loss) (1)444
Retained earnings (accumulated deficit) (113)(136)(132)100
Total equity: 1,0531,0249761,431
TOTAL LIABILITIES AND EQUITY: 1,7821,8311,7491,915

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

6/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 1,2671,3451,3681,393
Cost of revenue (528)(560)(576)(569)
Cost of goods and services sold (528)(567)(583)(576)
Gross profit: 739785793823
Operating expenses (651)(739)(810)(817)
Operating income (loss): 8846(17)6
Nonoperating expense (2)(3)(7)(4)
Investment income, nonoperating   (5)(4)
Other nonoperating income (expense) 42(2) 
Interest and debt expense (6)(6)(3) 
Other undisclosed income from continuing operations before equity method investments, income taxes  65 
Income (loss) from continuing operations before equity method investments, income taxes: 8043(22)2
Other undisclosed income from continuing operations before income taxes 6   
Income (loss) from continuing operations before income taxes: 8643(22)2
Income tax expense (benefit) (16)(1)4(38)
Income (loss) from continuing operations: 7042(19)(36)
Income (loss) before gain (loss) on sale of properties: 7042(19)(26)
Income from discontinued operations    10
Net income (loss): 7042(19)(26)
Other undisclosed net income attributable to parent   035
Net income (loss) available to common stockholders, diluted: 7042(18)10

Comprehensive Income ($ in millions)

6/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): 7042(19)(26)
Other comprehensive income (loss) (5)(0)0(1)
Comprehensive income (loss): 6542(18)(27)
Other undisclosed comprehensive income, net of tax, attributable to parent   035
Comprehensive income (loss), net of tax, attributable to parent: 6542(18)8

Statements Sources

The financial statements are based on the Company's filings with 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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