RigNet, Inc. (RNET) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1213223557
Cash and cash equivalents1213223557
Restricted cash and investments20000
Receivables5567674949
Contract with customer, asset12137
Costs in excess of billings22
Other undisclosed current assets677610
Total current assets:8610010392119
Noncurrent Assets
Finance lease, right-of-use asset67
Property, plant and equipment4960646060
Intangible assets, net (including goodwill)4077806738
Goodwill2047473722
Intangible assets, net (excluding goodwill)2030343016
Restricted cash and investments 2222
Other undisclosed noncurrent assets1610913
Total noncurrent assets:97151156138112
TOTAL ASSETS:183251259230231
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4248393022
Accounts payable242921129
Accrued liabilities1617161613
Taxes payable2322 
Deferred revenue1 
Debt911558
Liability for uncertainty in income taxes13 16  
Deferred revenue and credits 4
Other undisclosed current liabilities7124191
Total current liabilities:71711014335
Noncurrent Liabilities
Long-term debt and lease obligation, including:8497725353
Long-term debt, excluding current maturities8497  53
Finance lease, liability66
Capital lease obligations 0 
Operating lease, liability66
Other undisclosed long-term debt and lease obligation(11)(13)7253 
Liabilities, other than long-term debt2128292631
Deferred revenue and credits10
Deferred revenue31
Deferred tax liabilities, net  0
Deferred income tax liabilities2 
Other liabilities1627292630
Other undisclosed noncurrent liabilities6910 
Total noncurrent liabilities:1101341027984
Total liabilities:182204203123118
Stockholders' equity
Stockholders' equity attributable to parent14756107112
Common stock00000
Treasury stock, value(4)(3)(1)(0) 
Additional paid in capital192185173156148
Accumulated other comprehensive loss(25)(20)(19)(15)(18)
Accumulated deficit(161)(116)(97)(34)(18)
Stockholders' equity attributable to noncontrolling interest00000
Total stockholders' equity:14756107113
TOTAL LIABILITIES AND EQUITY:183251259230231

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues208243239205221
Revenue, net205221
Cost of revenue(133)(155)(147)(130)(130)
Cost of goods and services sold(130)(150)  (130)
Gross profit:7588927590
Operating expenses(108)(90)(153)(85)(93)
Operating loss:(33)(2)(61)(10)(2)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)(0)00(0)
Interest and debt expense(5)(6)(4)(3)(3)
Loss from continuing operations before income taxes:(39)(8)(65)(13)(5)
Income tax expense (benefit)(7)(11)3(3)(6)
Net loss:(46)(19)(62)(16)(11)
Net income (loss) attributable to noncontrolling interest(0)(0)(0)0(0)
Net loss available to common stockholders, diluted:(46)(19)(62)(16)(12)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(46)(19)(62)(16)(11)
Other undisclosed comprehensive income (loss)(6)(0)(4)3(4)
Comprehensive loss:(51)(19)(67)(13)(15)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)0(0)
Comprehensive loss, net of tax, attributable to parent:(52)(19)(67)(13)(16)

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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