Ringcentral, Inc. (RNG) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments344566181160138142116
Cash and cash equivalents344566181160138113116
Short-term investments     28 
Receivables1309445301994
Inventory, net of allowances, customer advances and progress billings0000222
Inventory0000222
Prepaid expense161514    
Contract with customer, asset 23
Other current assets998    
Other undisclosed current assets37  151274
Total current assets:536708248206171160127
Noncurrent Assets
Operating lease, right-of-use asset39
Property, plant and equipment89704332282617
Long-term investments and receivables132      
Long-term investments132      
Intangible assets, net (including goodwill)18351111213 
Goodwill5531999  
Intangible assets, net (excluding goodwill)12719123  
Contract with customer, asset, net 56
Other noncurrent assets101033332
Other undisclosed noncurrent assets462      
Total noncurrent assets:9151875747442918
TOTAL ASSETS:1,451894305253215188145
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1731116256404629
Accounts payable351078544
Accrued liabilities1391015548352921
Employee-related liabilities     8 
Taxes payable     54
Deferred revenue107
Debt   1541710
Deferred revenue and credits6445372617
Other undisclosed current liabilities 89   (13)(4)
Total current liabilities:281199127116817652
Noncurrent Liabilities
Long-term debt and lease obligation415367 015825
Long-term debt, excluding current maturities387367 015824
Capital lease obligations   010
Operating lease, liability29
Liabilities, other than long-term debt91163531
Other liabilities91163531
Other undisclosed noncurrent liabilities   3444
Total noncurrent liabilities:42437767241630
Total liabilities:7055771331231059282
Stockholders' equity
Stockholders' equity attributable to parent, including:7463181721301109764
Additional paid in capital1,033551435367320275194
Accumulated other comprehensive income (loss)22331(0)(0)
Accumulated deficit(289)(236)(266)(240)(210)(178)(130)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:7463181721301109764
TOTAL LIABILITIES AND EQUITY:1,451894305253215188145

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues903674502380296220161
Revenue, net502380296220161
Cost of revenue(231)(157)(121)(92)(87)(77)(62)
Cost of goods and services sold(231)(157)(89)(73)(87)(77)(62)
Other cost of operating revenue  (32)(19)   
Gross profit:67251638028820914399
Operating expenses(717)(533)(408)(313)(240)(188)(140)
Operating loss:(46)(16)(27)(26)(31)(45)(41)
Nonoperating income (expense)(11)(10)1(3)(2)(3)(5)
Other nonoperating income (expense)961(2)(1)(1)0
Interest and debt expense(21)(16)(0)(1)(1)(2)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes     25
Loss from continuing operations before equity method investments, income taxes:(77)(42)(26)(30)(34)(48)(46)
Other undisclosed income from continuing operations before income taxes2116011  
Loss from continuing operations before income taxes:(57)(26)(26)(29)(33)(48)(46)
Income tax expense (benefit)3(0)(0)(0)1(0)0
Net loss available to common stockholders, diluted:(54)(26)(26)(29)(32)(48)(46)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(54)(26)(26)(29)(32)(48)(46)
Other comprehensive income (loss) (1)02  (0)
Comprehensive loss:(54)(27)(26)(27)(32)(48)(46)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)   10 
Comprehensive loss, net of tax, attributable to parent:(54)(27)(26)(27)(31)(48)(46)

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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