Synchronoss Technologies, Inc. (SNCR) financial statements (2021 and earlier)

Company profile

Business Address 200 CROSSING BOULEVARD
BRIDGEWATER, NJ 08807
State of Incorp.
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 millions)

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 investments 39104159194214
Cash and cash equivalents 39104156181148
Short-term investments   31366
Restricted cash and investments 0690  
Receivables516610378137144
Prepaid expense 3345   
Other current assets 59   
Other undisclosed current assets70028443449
Total current assets:121143294371364407
Noncurrent Assets
Operating lease, right-of-use asset35 
Property, plant and equipment122768112156168
Long-term investments and receivables5 810813220
Long-term investments  8344920
Accounts and financing receivable, after allowance for credit loss5     
Due from related parties   7483 
Intangible assets, net (including goodwill)302301324369474396
Goodwill233223225237270221
Intangible assets, net (excluding goodwill)707899132204174
Restricted cash and investments    30 
Other noncurrent assets7895821
Deferred tax assets, net  24
Other undisclosed noncurrent assets 54    
Total noncurrent assets:361389409594800608
TOTAL ASSETS:4825327039651,1651,015
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities828873798572
Accounts payable13221461626
Accrued liabilities696660736946
Deferred revenue33 
Debt10 114 29 
Derivative instruments and hedges, liabilities   38  
Business combination, contingent consideration, liability    12 
Deferred revenue and credits76288
Contract with customer, liability6657
Total current liabilities:12515324419215480
Noncurrent Liabilities
Long-term debt and lease obligation44 9239238243
Long-term debt, excluding current maturities   228226230
Capital lease obligations9111213
Operating lease, liability44 
Liabilities, other than long-term debt192771316621
Deferred revenue and credits2512 
Deferred revenue13 
Contract with customer, liability2260
Deferred tax liabilities, net  5016
Deferred income tax liabilities2 
Other liabilities5511643
Business combination, contingent consideration, liability     1
Other undisclosed noncurrent liabilities063    
Total noncurrent liabilities:648980270304264
Total liabilities:189243324463458344
Temporary equity, carrying amount25021313255061
Stockholders' equity
Stockholders' equity attributable to parent4376189464657610
Common stock000000
Treasury stock, value(82)(82)(82)(106)(95)(66)
Additional paid in capital499526535598575513
Accumulated other comprehensive loss(28)(33)(30)(23)(43)(39)
Retained earnings (accumulated deficit)(346)(334)(233)(5)220201
Total stockholders' equity:4376189464657610
Other undisclosed liabilities and equity  17814  
TOTAL LIABILITIES AND EQUITY:4825327039651,1651,015

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues292309326402477579
Cost of revenue(132)(195)(219)(243)(255)(278)
Cost of goods and services sold(122)    (239)
Provision for loan, lease, and other losses  (84)
Gross profit:160114107159222301
Operating expenses(208)(221)(271)(289)(293)(221)
Operating income (loss):(48)(108)(164)(130)(72)80
Nonoperating income (expense)119(67)(5)42
Investment income, nonoperating2181322
Other nonoperating income (expense)107(75)(18)20
Interest and debt expense(0)(1)(3)(85)(7)(6)
Income (loss) from continuing operations before equity method investments, income taxes:(37)(100)(235)(220)(75)76
Loss from equity method investments (2)(29)(9)  
Income (loss) from continuing operations before income taxes:(37)(101)(263)(229)(75)76
Income tax expense (benefit)27(2)18358(30)
Income (loss) from continuing operations:(10)(103)(245)(194)(67)47
Income from discontinued operations  187575 
Net income (loss):(10)(103)(227)(119)847
Net income (loss) attributable to noncontrolling interest(0)(1)9912(6)
Other undisclosed net income (loss) attributable to parent0(32)(26)   
Net income (loss) attributable to parent:(10)(137)(244)(109)2041
Preferred stock dividends and other adjustments(38) (26)   
Other undisclosed net loss available to common stockholders, basic(0)     
Net income (loss) available to common stockholders, basic:(49)(137)(269)(109)2041
Interest on convertible debt     2
Net income (loss) available to common stockholders, diluted:(49)(137)(269)(109)2043

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(10)(103)(227)(119)847
Other comprehensive income (loss)5(3)(7)19  
Comprehensive income (loss):(5)(106)(234)(100)847
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(1)9912 
Other undisclosed comprehensive loss, net of tax, attributable to parent    (5)(25)
Comprehensive income (loss), net of tax, attributable to parent:(6)(107)(225)(90)1522

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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