Rosetta Stone (RST) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1621 NORTH KENT STREET ARLINGTON, VA 22209 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 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 investments | 38,092 | 42,964 | 36,195 | 47,782 | 64,657 | 98,825 | |||
| Cash and cash equivalents | 38,092 | 42,964 | 36,195 | 47,782 | 64,657 | 98,825 | |||
| Restricted cash and investments | 82 | 72 | 402 | 80 | |||||
| Receivables | 21,960 | 24,617 | 31,810 | 47,345 | 76,757 | 60,342 | |||
| Inventory, net of allowances, customer advances and progress billings | 933 | 3,536 | 6,767 | 7,333 | 6,500 | 6,639 | |||
| Inventory | 933 | 3,536 | 6,767 | 7,333 | 6,500 | 6,639 | |||
| Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | 464 | 197 | ||
| Other undisclosed current assets | 15,628 | 18,909 | 17,876 | 17,120 | 15,901 | 24,718 | |||
| Total current assets: | 76,695 | 90,098 | 93,050 | 119,660 | 164,279 | 190,721 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 36,405 | 30,649 | 24,795 | 22,532 | 25,277 | 17,766 | |||
| Intangible assets, net (including goodwill) | 65,089 | 69,041 | 71,004 | 78,524 | 92,961 | 79,065 | |||
| Goodwill | 49,239 | 49,857 | 48,251 | 50,280 | 58,584 | 50,059 | |||
| Intangible assets, net (excluding goodwill) | 15,850 | 19,184 | 22,753 | 28,244 | 34,377 | 29,006 | |||
| Deferred costs | 3,306 | ||||||||
| Other noncurrent assets | 2,136 | 1,661 | 1,318 | 2,213 | 1,525 | 3,224 | |||
| Other undisclosed noncurrent assets | 6,933 | 4,143 | 5,614 | 4,362 | |||||
| Total noncurrent assets: | 110,563 | 104,657 | 101,260 | 108,883 | 124,125 | 100,055 | |||
| TOTAL ASSETS: | 187,258 | 194,755 | 194,310 | 228,543 | 288,404 | 290,776 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 17,984 | 19,932 | 21,461 | 18,979 | 39,893 | 30,674 | |||
| Taxes payable | 5,875 | 3,968 | |||||||
| Employee-related liabilities | 9,046 | 10,948 | 10,777 | 8,201 | 14,470 | 16,380 | |||
| Accounts payable | 8,938 | 8,984 | 10,684 | 10,778 | 19,548 | 10,326 | |||
| Debt | 450 | 450 | 532 | 521 | 594 | ||||
| Deferred revenue and credits | ✕ | ✕ | 110,670 | 113,821 | 106,868 | 95,240 | 67,173 | ||
| Contract with customer, liability | 113,378 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 13,475 | 16,454 | 22,150 | 35,318 | 56,157 | 42,192 | |||
| Other undisclosed current liabilities | 328 | 384 | 785 | 121 | (5,875) | (3,968) | |||
| Total current liabilities: | 145,615 | 147,890 | 158,749 | 161,807 | 186,009 | 136,071 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,337 | 1,850 | 2,027 | 2,622 | 3,154 | ||||
| Capital lease obligations | ✕ | 1,337 | 1,850 | 2,027 | 2,622 | 3,154 | |||
| Liabilities, other than long-term debt | 49,538 | 40,624 | 35,193 | 41,704 | 35,796 | 23,462 | |||
| Deferred revenue and credits | ✕ | ✕ | 40,593 | 27,636 | 35,880 | 32,929 | 11,684 | ||
| Contract with customer, liability | 49,507 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Deferred tax liabilities, net | ✕ | 6,173 | 4,998 | 1,554 | 9,022 | ||||
| Other liabilities | 31 | 31 | 1,384 | 826 | 1,313 | 2,756 | |||
| Other undisclosed noncurrent liabilities | 2,776 | 1,968 | |||||||
| Total noncurrent liabilities: | 53,651 | 44,442 | 37,220 | 44,326 | 38,950 | 23,462 | |||
| Total liabilities: | 199,266 | 192,332 | 195,969 | 206,133 | 224,959 | 159,533 | |||
| Equity | |||||||||
| Equity, attributable to parent | (12,008) | 2,423 | (1,659) | 22,410 | 63,445 | 131,243 | |||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | |||
| Treasury stock, value | (11,435) | (11,435) | (11,435) | (11,435) | (11,435) | (11,435) | |||
| Additional paid in capital | 202,355 | 195,644 | 190,827 | 185,863 | 178,554 | 171,123 | |||
| Accumulated other comprehensive income (loss) | (3,338) | (2,898) | (3,709) | (2,226) | (678) | 845 | |||
| Accumulated deficit | (199,592) | (178,890) | (177,344) | (149,794) | (102,998) | (29,292) | |||
| Total equity: | (12,008) | 2,423 | (1,659) | 22,410 | 63,445 | 131,243 | |||
| TOTAL LIABILITIES AND EQUITY: | 187,258 | 194,755 | 194,310 | 228,543 | 288,404 | 290,776 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 173,634 | 184,593 | 194,089 | 217,670 | 261,853 | 264,645 | ||
| Revenue, net | ✕ | ✕ | 184,593 | 194,089 | 217,670 | 261,853 | 264,645 | |
| Cost of revenue (Cost of Goods and Services Sold) | (35,922) | (33,621) | (34,321) | (38,527) | (53,054) | (45,714) | ||
| Gross profit: | 137,712 | 150,972 | 159,768 | 179,143 | 208,799 | 218,931 | ||
| Operating expenses | (157,331) | (155,473) | (186,688) | (222,956) | (287,649) | (237,373) | ||
| Operating loss: | (19,619) | (4,501) | (26,920) | (43,813) | (78,850) | (18,442) | ||
| Nonoperating income (expense) | (45) | 456 | 1,873 | (1,824) | (1,345) | 424 | ||
| Investment income, nonoperating | 103 | 66 | 46 | 23 | 17 | 117 | ||
| Other nonoperating income (expense) | 165 | 881 | 2,297 | (1,469) | (1,129) | 368 | ||
| Interest and debt expense | (313) | (491) | (470) | (378) | (233) | (61) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 313 | 491 | 470 | 378 | 233 | 61 | ||
| Loss from continuing operations before income taxes: | (19,664) | (4,045) | (25,047) | (45,637) | (80,195) | (18,018) | ||
| Income tax expense (benefit) | (1,809) | 2,499 | (2,503) | (1,159) | 6,489 | 1,884 | ||
| Loss from continuing operations: | (21,473) | (1,546) | (27,550) | (46,796) | (73,706) | (16,134) | ||
| Loss before gain (loss) on sale of properties: | (21,473) | (1,546) | (27,550) | (46,796) | (73,706) | (16,134) | ||
| Net loss available to common stockholders, diluted: | (21,473) | (1,546) | (27,550) | (46,796) | (73,706) | (16,134) | ||
Comprehensive Income ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (21,473) | (1,546) | (27,550) | (46,796) | (73,706) | (16,134) | ||
| Other comprehensive income | 811 | 1,483 | 1,548 | 1,523 | 188 | |||
| Comprehensive loss: | (21,473) | (735) | (26,067) | (45,248) | (72,183) | (15,946) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (440) | (2,966) | (3,096) | (3,046) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (21,913) | (735) | (29,033) | (48,344) | (75,229) | (15,946) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.