Smith Micro Software, Inc. (SMSI) financial statements (2020 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)

12/31/2019
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 investments281222131315
Cash and cash equivalents28122291012
Short-term investments    433
Receivables11755898
Inventory, net of allowances, customer advances and progress billings   0000
Inventory   0000
Income taxes receivable1
Other undisclosed current assets1111111
Total current assets:402088222324
Noncurrent Assets
Operating lease, right-of-use asset6
Property, plant and equipment2112247
Intangible assets, net (including goodwill)12444  
Goodwill8444   
Intangible assets, net (excluding goodwill)5001   
Other noncurrent assets0000000
Other undisclosed noncurrent assets000  0 
Total noncurrent assets:21566357
TOTAL ASSETS:61251414242732
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities222571010
Accounts payable2112222
Accrued liabilities0004568
Employee-related liabilities     3 
Taxes payable     00
Deferred revenue0
Debt1      
Restructuring reserve     1
Due to related parties  1    
Deferred revenue and credits00010
Contract with customer, liability0
Other undisclosed current liabilities222  (4)(0)
Total current liabilities:63567910
Noncurrent Liabilities
Long-term debt and lease obligation6 21   
Long-term debt, excluding current maturities  21   
Operating lease, liability6
Liabilities, other than long-term debt1134377
Deferred revenue and credits1  22
Accounts payable and accrued liabilities     0 
Deferred rent credit11
Deferred tax liabilities, net  0  0
Restructuring reserve     21
Due to related parties  11   
Other liabilities0113343
Other undisclosed noncurrent liabilities   1 (4)(3)
Total noncurrent liabilities:7146344
Total liabilities:135912101213
Stockholders' equity
Stockholders' equity attributable to parent492153141518
Common stock0000000
Additional paid in capital274257237228225223215
Accumulated deficit(225)(236)(233)(225)(211)(208)(196)
Total stockholders' equity:492153141518
TOTAL LIABILITIES AND EQUITY:61251414242732

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
Revenues43262328403743
Revenue, net2328403743
Cost of revenue
(Cost of Goods and Services Sold)
(4)(4)(5)(8)(8)(9)(10)
Gross profit:39221821312833
Operating expenses(29)(23)(24)(37)(34)(39)(61)
Operating income (loss):10(1)(6)(16)(3)(12)(28)
Nonoperating income (expense)(0)(0)(0)(0)0(0)0
Other nonoperating expense(0)(0)(0)(0)   
Interest and debt expense (0)(0)    
Income (loss) from continuing operations before equity method investments, income taxes:10(1)(6)(16)(3)(12)(28)
Other undisclosed income (loss) from continuing operations before income taxes1(1)(1)1   
Income (loss) from continuing operations before income taxes:11(3)(7)(15)(3)(12)(28)
Income tax expense (benefit)(0)(0)10(0)(0)(0)
Net income (loss) attributable to parent:11(3)(7)(15)(3)(12)(28)
Preferred stock dividends and other adjustments(0)(0)     
Net income (loss) available to common stockholders, diluted:11(3)(7)(15)(3)(12)(28)

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 income (loss):11(3)(7)(15)(3)(12)(28)
Comprehensive income (loss):11(3)(7)(15)(3)(12)(28)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (0) 0(0) 0
Comprehensive income (loss), net of tax, attributable to parent:11(3)(7)(15)(3)(12)(28)

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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