RealNetworks, Inc. (RNWK) financial statements (2022 and earlier)

Company profile

Business Address 1501 FIRST AVENUE SOUTH
SEATTLE, WA 98134
State of Incorp. WA
Fiscal Year End December 31
SIC 7371 - Computer Programming Services (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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,10923,94016,80535,58559,97577,05299,129
Cash and cash equivalents27,10923,94016,80535,56151,19633,72147,315
Short-term investments   248,77943,33151,814
Receivables9,55610,22930,40713,55112,68922,16222,511
Deferred costs49196823331426760460
Disposal group, including discontinued operation    17,456  
Other undisclosed current assets4,92113,4456,5454,1113,7154,9107,140
Total current assets:41,63547,81054,58053,57894,261104,884129,240
Noncurrent Assets
Operating lease, right-of-use asset3,9927,937 
Property, plant and equipment1,4701,8712,8212,7543,8605,2548,800
Long-term investments and receivables      1,721
Long-term investments      1,721
Intangible assets, net (including goodwill)16,97617,37581,71416,98113,38513,79515,216
Goodwill16,97617,37562,42816,95513,06012,85713,080
Intangible assets, net (excluding goodwill)  19,286263259382,136
Restricted cash and investments1,6301,6305,3741,6302,4002,7002,890
Deferred costs 741,0215289551,246212
Deferred income tax assets727909761
Other noncurrent assets2,8784,1501,8913,9975,5881,7422,307
Other undisclosed noncurrent assets  11,5928511,047816957
Total noncurrent assets:27,67333,946105,17426,74127,23525,55332,103
TOTAL ASSETS:69,30881,756159,75480,319121,496130,437161,343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,5288,41167,53510,34311,13425,99026,102
Accounts payable2,5782,7504,9273,9103,78518,22517,050
Accrued liabilities1,1891,14955,7501,9892,9652,6293,094
Employee-related liabilities5,7614,5126,8584,4444,3845,1365,958
Deferred revenue2,6142,1226,620
Debt 3,37312,136    
Due to related parties   2,7502,7501,500 
Disposal group, including discontinued operation    17,107  
Business combination, contingent consideration, liability 4,800     
Deferred revenue and credits3,0973,4303,497
Other liabilities3,1672,7857,3434,0943,2344,4025,292
Other undisclosed current liabilities3,1691,2312,5472,9101,7823,2582,976
Total current liabilities:18,47822,72296,18120,09739,10438,58037,867
Noncurrent Liabilities
Long-term debt and lease obligation2,3006,8378,466    
Operating lease, liability2,3006,8378,466
Liabilities, other than long-term debt2,4573,41512,9341,9463,2003,1892,793
Deferred revenue and credits1,425988725
Deferred revenue1834596
Deferred rent credit   986
Deferred tax liabilities, net   88
Deferred income tax liabilities1,1321,1291,172
Other liabilities1,1422,24111,6669601,7752,2011,980
Other undisclosed noncurrent liabilities 2,8953,9001,4361987 
Total noncurrent liabilities:4,75713,14725,3003,3823,2193,2762,793
Total liabilities:23,23535,869121,48123,47942,32341,85640,660
Stockholders' equity
Stockholders' equity attributable to parent, including:46,07346,14938,77556,84079,17388,581120,683
Common stock47383837373736
Additional paid in capital678,381655,606644,070641,930638,727633,928627,316
Accumulated other comprehensive loss(61,520)(60,641)(61,323)(61,118)(59,547)(61,645)(59,480)
Accumulated deficit(570,843)(548,862)(544,010)(524,009)(500,044)(483,739)(447,189)
Other undisclosed stockholders' equity attributable to parent88     
Stockholders' equity attributable to noncontrolling interest (262)(502)    
Total stockholders' equity:46,07345,88738,27356,84079,17388,581120,683
TOTAL LIABILITIES AND EQUITY:69,30881,756159,75480,319121,496130,437161,343

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues58,18368,062172,11369,51078,718120,468125,296
Revenue, net78,718120,468125,296
Cost of revenue
(Cost of Goods and Services Sold)
(13,756)(16,465)(103,127)(17,727)(23,164)(64,968)(70,297)
Gross profit:44,42751,59768,98651,78355,55455,50054,999
Operating expenses(65,300)(56,621)(101,429)(74,054)(76,185)(92,674)(124,186)
Operating loss:(20,873)(5,024)(32,443)(22,271)(20,631)(37,174)(69,187)
Nonoperating income (expense)(140)(35)12,253(516)4391,746(13,494)
Other nonoperating income (expense)2,024(164)420(103)(506)(643)506
Interest and debt expense2,897(20)(636)    
Loss from continuing operations before equity method investments, income taxes:(18,116)(5,079)(20,826)(22,787)(20,192)(35,428)(82,681)
Other undisclosed income (loss) from continuing operations before income taxes(2,897)20636    
Loss from continuing operations before income taxes:(21,013)(5,059)(20,190)(22,787)(20,192)(35,428)(82,681)
Income tax expense (benefit)(479)(55)(1,068)(2,202)2,778(1,122)834
Loss from continuing operations:(21,492)(5,114)(21,258)(24,989)(17,414)(36,550)(81,847)
Loss from discontinued operations(733)(206)     
Net loss:(22,225)(5,320)(21,258)(24,989)(17,414)(36,550)(81,847)
Net income attributable to noncontrolling interest 2841,257    
Other undisclosed net income attributable to parent244184  1,109  
Net loss available to common stockholders, diluted:(21,981)(4,852)(20,001)(24,989)(16,305)(36,550)(81,847)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(22,225)(5,320)(21,258)(24,989)(17,414)(36,550)(81,847)
Other comprehensive income (loss)(879)909(205)(1,571)2,098(2,165)(4,228)
Comprehensive loss:(23,104)(4,411)(21,463)(26,560)(15,316)(38,715)(86,075)
Comprehensive income, net of tax, attributable to noncontrolling interest2444682,514    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (1,257) 1,109  
Comprehensive loss, net of tax, attributable to parent:(22,860)(3,943)(20,206)(26,560)(14,207)(38,715)(86,075)

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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