Smith Micro Software, Inc. (SMSI) financial statements (2021 and earlier)

Company profile

Business Address 5800 CORPORATE DRIVE
PITTSBURGH, PA 15237
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (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
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments262812221313
Cash and cash equivalents26281222910
Short-term investments     43
Receivables121175589
Inventory, net of allowances, customer advances and progress billings    000
Inventory    000
Other undisclosed current assets1111111
Total current assets:394020882223
Noncurrent Assets
Operating lease, right-of-use asset66
Property, plant and equipment2211224
Intangible assets, net (including goodwill)2512444  
Goodwill128444  
Intangible assets, net (excluding goodwill)135001  
Other noncurrent assets1000000
Other undisclosed noncurrent assets 000  0
Total noncurrent assets:342156635
TOTAL ASSETS:73612514142427
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22225710
Accounts payable2211222
Accrued liabilities0000456
Employee-related liabilities      3
Taxes payable      0
Deferred revenue20
Debt 1     
Restructuring reserve      1
Due to related parties   1   
Deferred revenue and credits0001
Contract with customer, liability0
Other undisclosed current liabilities4222  (4)
Total current liabilities:8635679
Noncurrent Liabilities
Long-term debt and lease obligation56 21  
Long-term debt, excluding current maturities   21  
Operating lease, liability56
Liabilities, other than long-term debt1113437
Deferred revenue and credits1  2
Accounts payable and accrued liabilities      0
Deferred rent credit111
Deferred tax liabilities, net  0  
Deferred income tax liabilities0 
Restructuring reserve      2
Due to related parties   11  
Other liabilities0011334
Other undisclosed noncurrent liabilities    1 (4)
Total noncurrent liabilities:6714634
Total liabilities:141359121012
Stockholders' equity
Stockholders' equity attributable to parent594921531415
Common stock0000000
Additional paid in capital280274257237228225223
Accumulated deficit(221)(225)(236)(233)(225)(211)(208)
Total stockholders' equity:594921531415
TOTAL LIABILITIES AND EQUITY:73612514142427

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues51432623284037
Revenue, net23284037
Cost of revenue
(Cost of Goods and Services Sold)
(5)(4)(4)(5)(8)(8)(9)
Gross profit:46392218213128
Operating expenses(43)(29)(23)(24)(37)(34)(39)
Operating income (loss):410(1)(6)(16)(3)(12)
Nonoperating income (expense)(0)(0)(0)(0)(0)0(0)
Other nonoperating expense(0)(0)(0)(0)(0)  
Interest and debt expense  (0)(0)   
Income (loss) from continuing operations before equity method investments, income taxes:410(1)(6)(16)(3)(12)
Other undisclosed income (loss) from continuing operations before income taxes11(1)(1)1  
Income (loss) from continuing operations before income taxes:411(3)(7)(15)(3)(12)
Income tax expense (benefit)(0)(0)(0)10(0)(0)
Net income (loss) attributable to parent:411(3)(7)(15)(3)(12)
Preferred stock dividends and other adjustments (0)(0)    
Net income (loss) available to common stockholders, diluted:411(3)(7)(15)(3)(12)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):411(3)(7)(15)(3)(12)
Comprehensive income (loss):411(3)(7)(15)(3)(12)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (0) 0(0) 
Comprehensive income (loss), net of tax, attributable to parent:411(3)(7)(15)(3)(12)

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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