RingCentral, Inc. (RNG) financial statements (2022 and earlier)

Company profile

Business Address 20 DAVIS DRIVE
BELMONT, CA 94002
State of Incorp.
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (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
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments267640344566181160138
Cash and cash equivalents267640344566181160138
Receivables23317613094453019
Inventory, net of allowances, customer advances and progress billings6100002
Inventory6100002
Prepaid expense2618161514  
Contract with customer, asset   23
Other current assets1627998  
Other undisclosed current assets1036437  1512
Total current assets:651926536708248206171
Noncurrent Assets
Operating lease, right-of-use asset475139
Property, plant and equipment1671428970433228
Long-term investments and receivables210213132    
Long-term investments210213132    
Intangible assets, net (including goodwill)77217618351111213
Goodwill55575531999
Intangible assets, net (excluding goodwill)71711812719123
Contract with customer, asset, net   56
Other noncurrent assets891010333
Other undisclosed noncurrent assets723668462    
Total noncurrent assets:1,9281,258915187574744
TOTAL ASSETS:2,5792,1851,451894305253215
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities350265173111625640
Accounts payable70543510785
Accrued liabilities280211139101554835
Deferred revenue176142107
Debt 31   154
Deferred revenue and credits644537
Other undisclosed current liabilities   89   
Total current liabilities:52643828119912711681
Noncurrent Liabilities
Long-term debt and lease obligation1,4301,414415367 015
Long-term debt, excluding current maturities1,3981,375387367 015
Capital lease obligations   0
Operating lease, liability323929
Liabilities, other than long-term debt8420911635
Other liabilities8420911635
Other undisclosed noncurrent liabilities     34
Total noncurrent liabilities:1,5141,4344243776724
Total liabilities:2,0411,872705577133123105
Temporary equity, carrying amount 4     
Stockholders' equity
Stockholders' equity attributable to parent, including:339308746318172130110
Additional paid in capital1,0876741,033551435367320
Accumulated other comprehensive income1722331
Accumulated deficit(749)(372)(289)(236)(266)(240)(210)
Other undisclosed stockholders' equity attributable to parent0000000
Other undisclosed stockholders' equity199      
Total stockholders' equity:538308746318172130110
TOTAL LIABILITIES AND EQUITY:2,5792,1851,451894305253215

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,5951,184903674502380296
Revenue, net502380296
Cost of revenue(448)(324)(231)(157)(121)(92)(87)
Cost of goods and services sold(448)(324)(231)(157)(89)(73)(87)
Other cost of operating revenue    (32)(19) 
Gross profit:1,146860672516380288209
Operating expenses(1,448)(973)(717)(533)(408)(313)(240)
Operating loss:(302)(113)(46)(16)(27)(26)(31)
Nonoperating income (expense)(72)31(11)(10)1(3)(2)
Other nonoperating income (expense)(8)80961(2)(1)
Interest and debt expense(2)(13)(21)(16)(0)(1)(1)
Loss from continuing operations before equity method investments, income taxes:(375)(95)(77)(42)(26)(30)(34)
Other undisclosed income from continuing operations before income taxes2132116011
Loss from continuing operations before income taxes:(374)(82)(57)(26)(26)(29)(33)
Income tax expense (benefit)(3)(1)3(0)(0)(0)1
Net loss available to common stockholders, diluted:(376)(83)(54)(26)(26)(29)(32)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(376)(83)(54)(26)(26)(29)(32)
Other comprehensive income (loss)   (1)02 
Comprehensive loss:(376)(83)(54)(27)(26)(27)(32)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6)5(0)   1
Comprehensive loss, net of tax, attributable to parent:(382)(78)(54)(27)(26)(27)(31)

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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