Ribbon Communications Inc. (RBBN) financial statements (2021 and earlier)

Company profile

Business Address 4 TECHNOLOGY PARK DRIVE
WESTFORD, MA 01886
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments128455174
Cash and cash equivalents128454457
Short-term investments  717
Restricted cash and investments7   
Receivables238193188165
Inventory, net of allowances, customer advances and progress billings46152321
Inventory46152321
Other current assets28271721
Total current assets:448279278282
Noncurrent Assets
Inventory, Noncurrent2 1 
Finance lease, right-of-use asset1 
Operating lease, right-of-use asset7037
Property, plant and equipment 292725
Long-term investments and receivables   9
Long-term investments   9
Intangible assets, net (including goodwill)834438635580
Goodwill417225384336
Intangible assets, net (excluding goodwill)417213251244
Deferred income tax assets115
Other noncurrent assets212776
Other undisclosed noncurrent assets161 88
Total noncurrent assets:1,100536679629
TOTAL ASSETS:1,547815957911
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6388130122
Accounts payable63314546
Accrued liabilities 578476
Deferred revenue97100
Debt16115520
Deferred revenue and credits101
Contract with customer, liability105
Other undisclosed current liabilities1527  
Total current liabilities:328207290243
Noncurrent Liabilities
Long-term debt and lease obligation44283  
Long-term debt, excluding current maturities36946  
Operating lease, liability7337
Liabilities, other than long-term debt91427250
Deferred revenue and credits14
Deferred revenue2620
Contract with customer, liability18
Deferred income tax liabilities175
Due to related parties  2423
Other liabilities48173113
Other undisclosed noncurrent liabilities  53
Total noncurrent liabilities:5331257753
Total liabilities:860332367295
Stockholders' equity
Stockholders' equity attributable to parent687483590615
Common stock0000
Additional paid in capital1,8701,7481,7241,685
Accumulated other comprehensive income (loss)(5)343
Accumulated deficit(1,178)(1,267)(1,137)(1,072)
Total stockholders' equity:687483590615
TOTAL LIABILITIES AND EQUITY:1,547815957911

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues844563578330
Revenue, net330
Cost of revenue
(Cost of Goods and Services Sold)
(351)(246)(270)(128)
Gross profit:493317308201
Operating expenses(491)(507)(374)(257)
Operating income (loss):2(189)(65)(55)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
11370(4)1
Interest and debt expense(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 income taxes:93(123)(73)(54)
Income tax expense (benefit)(5)(7)(3)18
Net income (loss) available to common stockholders, diluted:89(130)(77)(35)

Comprehensive Income ($ in millions)

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