Quantum Corporation (QMCO) financial statements (2022 and earlier)

Company profile

Business Address 224 AIRPORT PARKWAY
SAN JOSE, CA 95110
State of Incorp. DE
Fiscal Year End March 31
SIC 3572 - Computer Storage Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:4,00427,4306,44010,79034,79036,65870,569
Cash and cash equivalents4,00427,4306,44010,79012,95833,87067,948
Other undisclosed cash, cash equivalents, and short-term investments    21,8322,7882,621
Restricted cash and investments3317078301,0651,8322,7882,621
Receivables66,07073,10270,37086,828116,056105,959124,159
Other current assets14,0826,9398,48918,0959,9696,95312,332
Other undisclosed current assets56,44447,88849,69837,51025,67859,23372,293
Total current assets:140,931156,066135,827154,288188,325211,591281,974
Noncurrent Assets
Operating lease, right-of-use asset3,4839,38312,689
Property, plant and equipment13,02010,0519,0468,43711,18612,93914,653
Intangible assets, net (including goodwill)21,0008,503 3427645156,344
Goodwill10,2623,466    55,613
Intangible assets, net (excluding goodwill)10,7385,037 34276451731
Restricted cash and investments 5,0005,0005,00020,000  
Other noncurrent assets9,2025,9213,4335,1125,2404,5655,784
Total noncurrent assets:46,70538,85830,16818,58336,70217,95576,781
TOTAL ASSETS:187,636194,924165,995172,871225,027229,546358,755
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities73,68572,63369,44183,53781,97686,116114,740
Accounts payable42,04135,24536,94937,39541,61146,13654,367
Accrued liabilities15,45118,17417,53529,02516,26117,23624,959
Employee-related liabilities16,19319,21414,95717,11724,10422,74435,414
Deferred revenue78,11584,02781,492
Debt3,7501,8507,3211,65062,8273,00083,735
Restructuring reserve597580 2,8768691,6213,855
Deferred revenue and credits84,68388,91995,899
Other undisclosed current liabilities   90,407   
Total current liabilities:156,147159,090158,254178,470230,355179,656298,229
Noncurrent Liabilities
Long-term debt and lease obligation2,7148,005157,669145,62165,02869,25370,000
Long-term debt, excluding current maturities  146,847145,62165,02869,25370,000
Operating lease, liability2,7148,00510,822
Liabilities, other than long-term debt53,63049,18448,59711,82745,64344,86750,964
Deferred revenue and credits37,64235,42739,532
Deferred revenue41,19036,12637,443
Restructuring reserve    4811,116991
Other liabilities12,44013,05811,15411,8277,5208,32410,441
Other undisclosed noncurrent liabilities97,92890,890 36,733 62,709 
Total noncurrent liabilities:154,272148,079206,266194,181110,671176,829120,964
Total liabilities:310,419307,169364,520372,651341,026356,485419,193
Stockholders' equity
Stockholders' equity attributable to parent(122,783)(112,245)(198,525)(199,780)(115,999)(126,939)(60,438)
Common stock5995703993603412,6622,582
Additional paid in capital640,839626,664505,762499,224473,850464,549456,411
Accumulated other comprehensive income (loss)(1,132)(856)(1,522)(1,410)3,1053,8443,880
Accumulated deficit(763,089)(738,623)(703,164)(697,954)(593,295)(597,994)(523,311)
Total stockholders' equity:(122,783)(112,245)(198,525)(199,780)(115,999)(126,939)(60,438)
TOTAL LIABILITIES AND EQUITY:187,636194,924165,995172,871225,027229,546358,755

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2017
3/31/2016
3/31/2015
Revenues312,465349,576402,949402,680505,345475,958553,095
Revenue, net505,345475,958553,095
Cost of revenue(187,262)(198,823)(230,441)(235,066)(291,921)(271,206)(308,409)
Cost of goods and services sold(187,262)(198,823)(230,441)(4,266)(291,921)(271,206)(320,709)
Gross profit:125,203150,753172,508167,614213,424204,752244,686
Operating expenses(143,642)(142,350)(151,304)(172,360)(201,276)(270,850)(230,751)
Other undisclosed operating income      462
Operating income (loss):(18,439)8,40321,204(4,746)12,148(66,098)14,397
Nonoperating income (expense)(1,088)(1,312)(261)(2,878)562(191)14,036
Other nonoperating income (expense)(1,088)(1,312)(261)(2,878)562(191)13,836
Interest and debt expense(37,579)(42,311)(25,350)(3,637)(7,953)(7,211)(10,755)
Income (loss) from continuing operations before equity method investments, income taxes:(57,106)(35,220)(4,407)(11,261)4,757(73,500)17,678
Other undisclosed loss from continuing operations before income taxes   (29,160)  (200)
Income (loss) from continuing operations before income taxes:(57,106)(35,220)(4,407)(40,421)4,757(73,500)17,478
Income tax expense(1,446)(239)(803)(2,376)(1,112)(1,183)(718)
Net income (loss) available to common stockholders, diluted:(58,552)(35,459)(5,210)(42,797)3,645(74,683)16,760

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2017
3/31/2016
3/31/2015
Net income (loss):(58,552)(35,459)(5,210)(42,797)3,645(74,683)16,760
Other comprehensive loss    (739)(36)(2,740)
Comprehensive income (loss):(58,552)(35,459)(5,210)(42,797)2,906(74,719)14,020
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(59)666(112)(1,136)   
Comprehensive income (loss), net of tax, attributable to parent:(58,611)(34,793)(5,322)(43,933)2,906(74,719)14,020

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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