Ribbon Communications Inc. (RBBN) financial statements (2023 and earlier)

Company profile

Business Address 6500 CHASE OAKS BOULEVARD
PLANO, TX 75023
State of Incorp. DE
Fiscal Year End December 31
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments104128455174
Cash and cash equivalents104128454457
Short-term investments   717
Restricted cash and investments37   
Receivables283238193188165
Inventory, net of allowances, customer advances and progress billings5446152321
Inventory5446152321
Other current assets3828271721
Total current assets:481448279278282
Noncurrent Assets
Inventory, Noncurrent52 1 
Finance lease, right-of-use asset01 
Operating lease, right-of-use asset537037
Property, plant and equipment  292725
Long-term investments and receivables    9
Long-term investments    9
Intangible assets, net (including goodwill)652834438635580
Goodwill301417225384336
Intangible assets, net (excluding goodwill)351417213251244
Deferred income tax assets47115
Other noncurrent assets23212776
Other undisclosed noncurrent assets87161 88
Total noncurrent assets:8671,100536679629
TOTAL ASSETS:1,3481,547815957911
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1986388130122
Accounts payable9763314546
Accrued liabilities101 578476
Deferred revenue10997100
Debt2116115520
Restructuring reserve2    
Deferred revenue and credits101
Contract with customer, liability105
Other undisclosed current liabilities151527  
Total current liabilities:344328207290243
Noncurrent Liabilities
Long-term debt and lease obligation40544283  
Long-term debt, excluding current maturities35036946  
Operating lease, liability557337
Liabilities, other than long-term debt7191427250
Deferred revenue and credits14
Deferred revenue212620
Contract with customer, liability18
Deferred income tax liabilities8175
Due to related parties   2423
Other liabilities4248173113
Other undisclosed noncurrent liabilities   53
Total noncurrent liabilities:4765331257753
Total liabilities:821860332367295
Stockholders' equity
Stockholders' equity attributable to parent527687483590615
Common stock00000
Additional paid in capital1,8751,8701,7481,7241,685
Accumulated other comprehensive income (loss)8(5)343
Accumulated deficit(1,356)(1,178)(1,267)(1,137)(1,072)
Total stockholders' equity:527687483590615
TOTAL LIABILITIES AND EQUITY:1,3481,547815957911

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues845844563578330
Revenue, net330
Cost of revenue
(Cost of Goods and Services Sold)
(400)(351)(246)(270)(128)
Gross profit:445493317308201
Operating expenses(562)(491)(507)(374)(257)
Operating income (loss):(118)2(189)(65)(55)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(75)11370(4)1
Interest and debt expense(0)(6)(0)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (15)(4)(4)0
Income (loss) from continuing operations before equity method investments, income taxes:(192)93(123)(73)(54)
Other undisclosed loss from continuing operations before income taxes(16)    
Income (loss) from continuing operations before income taxes:(208)93(123)(73)(54)
Income tax expense (benefit)31(5)(7)(3)18
Net income (loss) available to common stockholders, diluted:(177)89(130)(77)(35)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(177)89(130)(77)(35)
Other comprehensive income (loss)13(7)(1)1(2)
Comprehensive income (loss):(165)81(131)(76)(38)
Other undisclosed comprehensive income, net of tax, attributable to parent    0
Comprehensive income (loss), net of tax, attributable to parent:(165)81(131)(76)(38)

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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