Sonus Networks Inc (SONS) financial statements (2020 and earlier)

Company profile

Business Address 4 TECHNOLOGY PARK DRIVE
WESTFORD, MA 01886
State of Incorp. DE
Fiscal Year End December 31
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments94109106211250
Cash and cash equivalents3250417288
Short-term investments625964139162
Receivables5452636469
Inventory, net of allowances, customer advances and progress billings1823222226
Inventory1823222226
Prepaid expense and other current assets1515
Deferred tax assets  111
Other current assets121215 
Total current assets:178195207313361
Noncurrent Assets
Inventory, Noncurrent   22
Property, plant and equipment1214181924
Long-term investments and receivables3234423430
Long-term investments3234423430
Intangible assets, net (including goodwill)8066624249
Goodwill4940393234
Intangible assets, net (excluding goodwill)3026231015
Other noncurrent assets523 
Prepaid expense and other noncurrent assets67
Deferred tax assets, net 2111
Other undisclosed noncurrent assets2  (1)(2)
Total noncurrent assets:130118126104111
TOTAL ASSETS:308313333417471
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3238606653
Accounts payable7671111
Accrued liabilities2632323427
Employee-related liabilities  202116
Debt   20
Deferred revenue and credits4439374137
Other liabilities11111
Other undisclosed current liabilities  (20)(21)(16)
Total current liabilities:7777778975
Noncurrent Liabilities
Long-term debt and lease obligation   02
Long-term debt, excluding current maturities    2
Capital lease obligations   00
Liabilities, other than long-term debt1212151517
Deferred revenue and credits7781112
Deferred tax liabilities, net322  
Other liabilities23546
Other undisclosed noncurrent liabilities   10
Total noncurrent liabilities:1212151620
Total liabilities:89909210595
Stockholders' equity
Stockholders' equity attributable to parent219223240312376
Common stock00000
Additional paid in capital1,2511,2411,2261,2801,321
Accumulated other comprehensive income65567
Accumulated deficit(1,037)(1,023)(991)(974)(952)
Total stockholders' equity:219223240312376
TOTAL LIABILITIES AND EQUITY:308313333417471

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
253249296277254
Cost of revenue
(Cost of Goods and Services Sold)
(85)(87)(103)(104)(112)
Gross profit:168162193172143
Operating expenses(181)(193)(211)(194)(191)
Operating loss:(14)(31)(17)(21)(49)
Nonoperating income
(Other Nonoperating income)
11300
Other undisclosed income from continuing operations before equity method investments, income taxes10001
Loss from continuing operations before income taxes:(11)(30)(15)(21)(48)
Income tax expense(3)(2)(2)(1)(2)
Net loss available to common stockholders, diluted:(14)(32)(17)(22)(50)

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(14)(32)(17)(22)(50)
Other comprehensive income (loss)0(0)(1)  
Comprehensive loss:(14)(32)(17)(22)(50)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0  (1)(1)
Comprehensive loss, net of tax, attributable to parent:(14)(32)(17)(23)(51)

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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