Synchronoss Technologies, Inc. (SNCR) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32 39104159194
Cash and cash equivalents32 39104156181
Short-term investments    313
Restricted cash and investments  0690 
Receivables52516610378137
Prepaid expense  3345  
Other current assets  59  
Other undisclosed current assets39700284434
Total current assets:122121143294371364
Noncurrent Assets
Operating lease, right-of-use asset2635 
Property, plant and equipment7122768112156
Long-term investments and receivables55 8108132
Long-term investments   83449
Accounts and financing receivable, after allowance for credit loss55    
Due from related parties    7483
Intangible assets, net (including goodwill)285302301324369474
Goodwill225233223225237270
Intangible assets, net (excluding goodwill)60707899132204
Restricted cash and investments     30
Other noncurrent assets678958
Deferred tax assets, net  2
Other undisclosed noncurrent assets  54   
Total noncurrent assets:329361389409594800
TOTAL ASSETS:4514825327039651,165
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities738288737985
Accounts payable11132214616
Accrued liabilities626966607369
Deferred revenue2233 
Debt 10 114 29
Derivative instruments and hedges, liabilities    38 
Business combination, contingent consideration, liability     12
Deferred revenue and credits7628
Contract with customer, liability6657
Total current liabilities:95125153244192154
Noncurrent Liabilities
Long-term debt and lease obligation16944 9239238
Long-term debt, excluding current maturities133   228226
Capital lease obligations91112
Operating lease, liability3644 
Liabilities, other than long-term debt101927713166
Deferred revenue and credits2512
Deferred revenue113 
Contract with customer, liability2260
Deferred tax liabilities, net  50
Deferred income tax liabilities12 
Other liabilities9551164
Other undisclosed noncurrent liabilities1063   
Total noncurrent liabilities:180648980270304
Total liabilities:275189243324463458
Temporary equity, carrying amount13250213132550
Stockholders' equity
Stockholders' equity attributable to parent914376189464657
Common stock000000
Treasury stock, value (82)(82)(82)(106)(95)
Additional paid in capital493499526535598575
Accumulated other comprehensive loss(33)(28)(33)(30)(23)(43)
Retained earnings (accumulated deficit)(369)(346)(334)(233)(5)220
Total stockholders' equity:914376189464657
Other undisclosed liabilities and equity73  17814 
TOTAL LIABILITIES AND EQUITY:4514825327039651,165

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues281292309326402477
Cost of revenue(113)(132)(195)(219)(243)(255)
Cost of goods and services sold(109)(122)    
Provision for loan, lease, and other losses   (84)
Gross profit:168160114107159222
Operating expenses(187)(208)(221)(271)(289)(293)
Operating loss:(19)(48)(108)(164)(130)(72)
Nonoperating income (expense)(5)119(67)(5)4
Investment income, nonoperating0218132
Other nonoperating income (expense)(5)107(75)(18)2
Interest and debt expense(6)(0)(1)(3)(85)(7)
Loss from continuing operations before equity method investments, income taxes:(30)(37)(100)(235)(220)(75)
Loss from equity method investments  (2)(29)(9) 
Loss from continuing operations before income taxes:(30)(37)(101)(263)(229)(75)
Income tax expense (benefit)727(2)18358
Loss from continuing operations:(23)(10)(103)(245)(194)(67)
Income from discontinued operations   187575
Net income (loss):(23)(10)(103)(227)(119)8
Net income (loss) attributable to noncontrolling interest0(0)(1)9912
Other undisclosed net income (loss) attributable to parent 0(32)(26)  
Net income (loss) attributable to parent:(23)(10)(137)(244)(109)20
Preferred stock dividends and other adjustments(36)(38) (26)  
Other undisclosed net loss available to common stockholders, basic (0)    
Net income (loss) available to common stockholders, diluted:(58)(49)(137)(269)(109)20

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(23)(10)(103)(227)(119)8
Other comprehensive income (loss)(5)5(3)(7)19 
Comprehensive income (loss):(28)(5)(106)(234)(100)8
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(1)9912
Other undisclosed comprehensive loss, net of tax, attributable to parent     (5)
Comprehensive income (loss), net of tax, attributable to parent:(28)(6)(107)(225)(90)15

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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