Polycom Inc (PLCM) financial statements (2021 and earlier)

Company profile

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

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments619629527674
Cash and cash equivalents435443393477
Short-term investments184186135197
Receivables196176183195
Inventory, net of allowances, customer advances and progress billings89100103100
Inventory89100103100
Prepaid expense333731
Derivative instruments and hedges, assets101474
Prepaid expense and other current assets55
Other current assets233
Other undisclosed current assets 394645
Total current assets:9499999011,073
Noncurrent Assets
Property, plant and equipment102109115133
Long-term investments and receivables46595650
Long-term investments46595650
Intangible assets, net (including goodwill)573584597609
Goodwill559559559554
Intangible assets, net (excluding goodwill)14253755
Other noncurrent assets222628
Prepaid expense and other noncurrent assets21
Other undisclosed noncurrent assets90545128
Total noncurrent assets:833833848842
TOTAL ASSETS:1,7821,8311,7491,915
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities202242153153
Accounts payable731088590
Accrued liabilities85862319
Employee-related liabilities39434039
Taxes payable4455
Interest and dividends payable 0  
Debt666 
Derivative instruments and hedges, liabilities 873
Restructuring reserve 12
Deferred revenue and credits171174172158
Other liabilities 1212 
Other undisclosed current liabilities (33)3641
Total current liabilities:378421387356
Noncurrent Liabilities
Long-term debt and lease obligation229236242 
Long-term debt, excluding current maturities229236242 
Liabilities, other than long-term debt122150144129
Deferred revenue and credits86898791
Accounts payable and accrued liabilities1012  
Accrued income taxes1216
Deferred tax liabilities, net0000
Other liabilities26494422
Other undisclosed noncurrent liabilities  (0) 
Total noncurrent liabilities:351386386129
Total liabilities:729807773485
Stockholders' equity
Stockholders' equity attributable to parent1,0531,0249761,431
Common stock0000
Additional paid in capital1,1681,1561,1041,326
Accumulated other comprehensive income (loss)(1)444
Retained earnings (accumulated deficit)(113)(136)(132)100
Total stockholders' equity:1,0531,0249761,431
TOTAL LIABILITIES AND EQUITY:1,7821,8311,7491,915

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

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 taxes6   
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 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)

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 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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