Rimini Street, Inc. (RMNI) financial statements (2022 and earlier)

Company profile

Business Address 3993 HOWARD HUGHES PARKWAY
LAS VEGAS, NV 89169
State of Incorp.
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments119,57187,57537,95224,77121,9502
Cash and cash equivalents119,57187,57537,95224,77121,9502
Restricted cash and investments419334436435  
Receivables135,447117,937111,57480,59963,525 
Prepaid expense16,34013,45615,2057,0998,560218
Capitalized contract cost14,98513,91811,754 
Other undisclosed current assets    18,077 
Total current assets:286,762233,220176,921112,904112,112219
Noncurrent Assets
Operating lease, right-of-use asset12,72217,521 
Property, plant and equipment 4,8203,6673,6344,255 
Capitalized contract cost, net21,52421,02716,295 
Deposits noncurrent assets1,7861,4763,0891,4381,565 
Assets held-in-trust     173,052
Deferred income tax assets64,0331,871 
Deferred tax assets, net 719 
Other undisclosed noncurrent assets4,435 1,2489093,520 
Total noncurrent assets:104,50046,71524,2995,98110,059173,052
TOTAL ASSETS:391,262279,935201,220118,885122,171173,271
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities68,39066,22153,56859,27851,21163
Accounts payable5,7083,2412,30312,85110,137 
Accrued liabilities26,12421,15423,34720,42422,92063
Employee-related liabilities36,55838,02627,91822,50318,154 
Interest and dividends payable 3,800 3,500  
Deferred revenue253,200229,000 
Debt3,664  2,37216,033 
Derivative instruments and hedges, liabilities    1,600 
Due to related parties     636
Deferred revenue and credits152,390 
Contract with customer, liability205,771 
Other undisclosed current liabilities4,248107 176,8587,500 
Total current liabilities:329,502295,328259,339238,508228,734699
Noncurrent Liabilities
Long-term debt and lease obligation92,16615,9931512,22566,897 
Long-term debt, excluding current maturities79,655  2,01166,613 
Capital lease obligations151214284 
Operating lease, liability12,51115,993 
Liabilities, other than long-term debt49,98030,50532,002 29,1821,900
Deferred revenue and credits29,182 
Deferred revenue47,04727,966 
Contract with customer, liability29,727 
Due to related parties     1,900
Other liabilities2,9332,5392,275   
Other undisclosed noncurrent liabilities 1,1931,00529,7407,6596,038
Total noncurrent liabilities:142,14647,69133,15831,965103,7387,938
Total liabilities:471,648343,019292,497270,473332,4728,636
Temporary equity, carrying amount 137,854131,316113,998 159,635
Stockholders' equity
Stockholders' equity attributable to parent(80,386)(200,938)(222,593)(265,586)(210,301)5,000
Common stock987661
Treasury stock, value(1,116)     
Additional paid in capital149,234101,04793,484108,34794,9677,991
Accumulated other comprehensive loss(2,724)(318)(1,429)(1,567)(867) 
Accumulated deficit(225,789)(301,675)(314,655)(372,372)(304,407)(2,992)
Total stockholders' equity:(80,386)(200,938)(222,593)(265,586)(210,301)5,000
TOTAL LIABILITIES AND EQUITY:391,262279,935201,220118,885122,171173,271

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues374,430326,780281,052252,790212,633 
Revenue, net212,633 
Cost of revenue
(Cost of Goods and Services Sold)
(136,464)(126,211)(105,106)(95,981)(82,898) 
Gross profit:237,966200,569175,946156,809129,735 
Operating expenses(211,193)(182,685)(153,810)(131,455)(107,763)(3,335)
Other undisclosed operating income     12
Operating income (loss):26,77317,88422,13625,35421,972(3,335)
Nonoperating income (expense)(1,605)(258)(1,495)(2,066)320485
Investment income, nonoperating     485
Other nonoperating income (expense)(1,605)(258)(1,495)(2,066)320 
Interest and debt expense(1,550)(77)(398)(90,861)(61,718) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   1,600(12,552) 
Income (loss) from continuing operations before equity method investments, income taxes:23,61817,54920,243(65,973)(51,978)(2,850)
Other undisclosed loss from continuing operations before income taxes(4,183)     
Income (loss) from continuing operations before income taxes:19,43517,54920,243(65,973)(51,978)(2,850)
Income tax expense (benefit)55,784(4,569)(2,714)(1,992)(1,319) 
Net income (loss):75,21912,98017,529(67,965)(53,297)(2,850)
Other undisclosed net loss attributable to parent     (12)
Net income (loss) attributable to parent:75,21912,98017,529(67,965)(53,297)(2,861)
Preferred stock dividends and other adjustments(8,700)(6,275)(5,848)(2,373)  
Other undisclosed net loss available to common stockholders, basic(21,322)(20,534)(19,595)(8,268)  
Net income (loss) available to common stockholders, diluted:45,197(13,829)(7,914)(78,606)(53,297)(2,861)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):75,21912,98017,529(67,965)(53,297)(2,850)
Comprehensive income (loss):75,21912,98017,529(67,965)(53,297)(2,850)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,406)1,111138(700)179 
Comprehensive income (loss), net of tax, attributable to parent:72,81314,09117,667(68,665)(53,118)(2,850)

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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