RigNet, Inc. (RNET) financial statements (2020 and earlier)

Company profile

Business Address 15115 PARK ROW BOULEVARD, SUITE 300
HOUSTON, TX 77084
State of Incorp. DE
Fiscal Year End December 31
SIC 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1322355760
Cash and cash equivalents1322355760
Restricted cash and investments00001
Receivables6767494962
Contract with customer, asset137
Costs in excess of billings22 
Other undisclosed current assets7761014
Total current assets:10010392119137
Noncurrent Assets
Finance lease, right-of-use asset7
Property, plant and equipment6064606073
Intangible assets, net (including goodwill)7780673837
Goodwill4747372218
Intangible assets, net (excluding goodwill)3034301619
Restricted cash and investments2222 
Other undisclosed noncurrent assets61091312
Total noncurrent assets:151156138112121
TOTAL ASSETS:251259230231258
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4839302230
Accounts payable29211297
Accrued liabilities1716161320
Taxes payable322 3
Debt115588
Liability for uncertainty in income taxes 16   
Deferred revenue and credits 45
Other undisclosed current liabilities124191 
Total current liabilities:71101433543
Noncurrent Liabilities
Long-term debt and lease obligation, including:9772535369
Long-term debt, excluding current maturities97  5369
Finance lease, liability6
Capital lease obligations 0  
Operating lease, liability6
Other undisclosed long-term debt and lease obligation(13)7253  
Liabilities, other than long-term debt2829263123
Deferred revenue and credits100
Deferred revenue1
Deferred tax liabilities, net  00
Other liabilities2729263022
Other undisclosed noncurrent liabilities910  
Total noncurrent liabilities:134102798492
Total liabilities:204203123118135
Stockholders' equity
Stockholders' equity attributable to parent4756107112123
Common stock00000
Treasury stock, value(3)(1)(0)  
Additional paid in capital185173156148143
Accumulated other comprehensive loss(20)(19)(15)(18)(14)
Accumulated deficit(116)(97)(34)(18)(6)
Stockholders' equity attributable to noncontrolling interest00000
Total stockholders' equity:4756107113123
TOTAL LIABILITIES AND EQUITY:251259230231258

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues243239205221271
Revenue, net205221271
Cost of revenue(155)(147)(130)(130)(167)
Cost of goods and services sold(150)  (130)(163)
Gross profit:88927590104
Operating expenses(90)(153)(85)(93)(115)
Operating loss:(2)(61)(10)(2)(11)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)00(0)(1)
Interest and debt expense(6)(4)(3)(3)(2)
Loss from continuing operations before income taxes:(8)(65)(13)(5)(14)
Income tax expense (benefit)(11)3(3)(6)(2)
Net loss:(19)(62)(16)(11)(17)
Net income (loss) attributable to noncontrolling interest(0)(0)0(0)(0)
Net loss available to common stockholders, diluted:(19)(62)(16)(12)(17)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(19)(62)(16)(11)(17)
Other undisclosed comprehensive income (loss)(0)(4)3(4)(7)
Comprehensive loss:(19)(67)(13)(15)(24)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)0(0)(0)
Comprehensive loss, net of tax, attributable to parent:(19)(67)(13)(16)(24)

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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