Synchronoss Technologies, Inc. (SNCR) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39104159194214287
Cash and cash equivalents39104156181148236
Short-term investments  3136651
Restricted cash and investments0690   
Receivables6610378137144118
Prepaid expense3345    
Deferred tax assets    1
Other current assets59    
Other undisclosed current assets02844344935
Total current assets:143294371364407442
Noncurrent Assets
Property, plant and equipment2768112156168151
Long-term investments and receivables 8108132203
Long-term investments 83449203
Due from related parties  7483  
Intangible assets, net (including goodwill)301324369474396247
Goodwill223225237270221147
Intangible assets, net (excluding goodwill)789913220417499
Restricted cash and investments   30  
Other noncurrent assets89582119
Deferred tax assets, net  241
Other undisclosed noncurrent assets54     
Total noncurrent assets:389409594800608421
TOTAL ASSETS:5327039651,1651,015863
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities887379857295
Accounts payable22146162625
Accrued liabilities666073694643
Employee-related liabilities     23
Taxes payable     4
Debt 114 29  
Derivative instruments and hedges, liabilities  38   
Business combination, contingent consideration, liability   12 8
Deferred revenue and credits7628812
Contract with customer, liability6657
Other undisclosed current liabilities     (27)
Total current liabilities:1532441921548088
Noncurrent Liabilities
Long-term debt and lease obligation 9239238243239
Long-term debt, excluding current maturities  228226230230
Capital lease obligations91112139
Liabilities, other than long-term debt27713166217
Deferred revenue and credits2512  
Contract with customer, liability2260
Deferred tax liabilities, net  50164
Other liabilities5116433
Business combination, contingent consideration, liability    1 
Other undisclosed noncurrent liabilities63     
Total noncurrent liabilities:8980270304264246
Total liabilities:243324463458344334
Temporary equity, carrying amount21313255061 
Stockholders' equity
Stockholders' equity attributable to parent76189464657610529
Common stock000000
Treasury stock, value(82)(82)(106)(95)(66)(66)
Additional paid in capital526535598575513455
Accumulated other comprehensive loss(33)(30)(23)(43)(39)(20)
Retained earnings (accumulated deficit)(334)(233)(5)220201161
Total stockholders' equity:76189464657610529
Other undisclosed liabilities and equity 17814   
TOTAL LIABILITIES AND EQUITY:5327039651,1651,015863

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues309326402477579457
Cost of revenue(195)(219)(243)(255)(278)(217)
Cost of goods and services sold    (239)(184)
Provision for loan, lease, and other losses (84)
Gross profit:114107159222301241
Operating expenses(221)(271)(289)(293)(221)(178)
Operating income (loss):(108)(164)(130)(72)8062
Nonoperating income (expense)9(67)(5)421
Investment income, nonoperating1813221
Other nonoperating income (expense)7(75)(18)200
Interest and debt expense(1)(3)(85)(7)(6)(3)
Income (loss) from continuing operations before equity method investments, income taxes:(100)(235)(220)(75)7661
Loss from equity method investments(2)(29)(9)   
Income (loss) from continuing operations before income taxes:(101)(263)(229)(75)7661
Income tax expense (benefit)(2)18358(30)(22)
Income (loss) from continuing operations:(103)(245)(194)(67)4739
Income from discontinued operations 187575  
Net income (loss):(103)(227)(119)84739
Net income (loss) attributable to noncontrolling interest(1)9912(6) 
Other undisclosed net loss attributable to parent(32)(26)    
Net income (loss) attributable to parent:(137)(244)(109)204139
Preferred stock dividends and other adjustments (26)    
Net income (loss) available to common stockholders, basic:(137)(269)(109)204139
Interest on convertible debt    21
Net income (loss) available to common stockholders, diluted:(137)(269)(109)204340

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(103)(227)(119)84739
Other comprehensive income (loss)(3)(7)19   
Comprehensive income (loss):(106)(234)(100)84739
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)9912  
Other undisclosed comprehensive loss, net of tax, attributable to parent   (5)(25)(19)
Comprehensive income (loss), net of tax, attributable to parent:(107)(225)(90)152220

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: