ServiceSource International, Inc. (SREV) financial statements (2022 and earlier)

Company profile

Business Address 707 17TH STREET
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
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 investments28,50734,00627,08926,535188,570185,573208,712
Cash and cash equivalents28,50734,00627,08926,53551,38947,69272,334
Short-term investments    137,181137,881136,378
Receivables43,57138,89041,75454,28456,51663,28956,563
Contract with customer, asset 500  
Other undisclosed current assets8,9958,7757,2965,6536,1127,6078,264
Total current assets:81,07382,17176,13986,472251,198256,469273,539
Noncurrent Assets
Operating lease, right-of-use asset23,04329,79836,396
Property, plant and equipment 29,94836,14936,59334,11938,18025,903
Intangible assets, net (including goodwill), including:6,3346,3346,3346,3346,4197,9329,444
Goodwill6,3006,3006,3006,3006,3006,3006,334
Intangible assets, net (excluding goodwill)    861,5983,110
Other undisclosed intangible assets, net (including goodwill)343434343334 
Capitalized contract cost, net5588721,6022,660
Other noncurrent assets2,7193,4904,8444,5213,5663,4458,960
Other undisclosed noncurrent assets18,721   70641,759
Total noncurrent assets:51,37570,44285,32550,10844,17449,62146,066
TOTAL ASSETS:132,448152,613161,464136,580295,372306,090319,605
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24,98322,76324,4585,80411,8509,1956,895
Accounts payable8321,2044,3922,4244,5741,9161,067
Accrued liabilities4,1523,2173,3663,3806,6255,8914,716
Employee-related liabilities19,99918,34216,700    
Taxes payable    6511,3881,112
Deferred revenue500400 
Debt10,06315,6089,652    
Deferred compensation liability   15,50919,25721,57922,116
Deferred revenue and credits1,2824,1525,770
Other liabilities7931,2092,2186,8942,1042,9582,327
Other undisclosed current liabilities8,0519,789  144,167  
Total current liabilities:44,39049,76936,32828,207178,66037,88437,108
Noncurrent Liabilities
Long-term debt and lease obligation19,86925,97533,716  134,888128,290
Long-term debt, excluding current maturities     134,775128,092
Capital lease obligations  113198
Operating lease, liability19,86925,97533,716
Liabilities, other than long-term debt1,1551,5932,9836,5404,6036,3824,113
Other liabilities1,1551,5932,9836,5404,6036,3824,113
Total noncurrent liabilities:21,02427,56836,6996,5404,603141,270132,403
Total liabilities:65,41477,33773,02734,747183,263179,154169,511
Stockholders' equity
Stockholders' equity attributable to parent67,03475,27688,437101,833112,109126,936150,094
Common stock101099888
Treasury stock, value(441)(441)(441)(441)(441)(441)(441)
Additional paid in capital385,827379,696374,525369,246359,347344,521331,922
Accumulated other comprehensive income (loss)966618410402(598)(791)427
Accumulated deficit(319,328)(304,607)(286,066)(267,383)(246,207)(216,361)(181,822)
Total stockholders' equity:67,03475,27688,437101,833112,109126,936150,094
TOTAL LIABILITIES AND EQUITY:132,448152,613161,464136,580295,372306,090319,605

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues195,704194,601216,135238,340239,127252,887252,203
Cost of revenue(140,002)(137,041)(153,155)(164,693)(163,709)(165,069)(171,369)
Gross profit:55,70257,56062,98073,64775,41887,81880,834
Operating expenses(68,361)(74,113)(79,994)(89,533)(99,125)(103,311)(110,527)
Operating loss:(12,659)(16,553)(17,014)(15,886)(23,707)(15,493)(29,693)
Nonoperating expense
(Other Nonoperating expense)
     (8,704)(9,316)
Interest and debt expense(25)(88)(1,226)(6,591)(9,886)(8,700)(8,000)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (1,191) (1,958)2,1004,2008,000
Loss from continuing operations before equity method investments, income taxes:(12,684)(17,832)(18,240)(24,435)(31,493)(28,697)(39,009)
Other undisclosed loss from continuing operations before income taxes(1,759)      
Loss from continuing operations before income taxes:(14,443)(17,832)(18,240)(24,435)(31,493)(28,697)(39,009)
Income tax expense (benefit)(278)(709)(443)(450)1,647(3,429)(1,404)
Net loss available to common stockholders, diluted:(14,721)(18,541)(18,683)(24,885)(29,846)(32,126)(40,413)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(14,721)(18,541)(18,683)(24,885)(29,846)(32,126)(40,413)
Other comprehensive income (loss)   1,000193(1,218)(686)
Comprehensive loss:(14,721)(18,541)(18,683)(23,885)(29,653)(33,344)(41,099)
Other undisclosed comprehensive income, net of tax, attributable to parent3482088    
Comprehensive loss, net of tax, attributable to parent:(14,373)(18,333)(18,675)(23,885)(29,653)(33,344)(41,099)

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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