Silver Spring Networks Inc (SSNI) financial statements (2022 and earlier)

Company profile

Business Address 230 W. TASMAN DRIVE
SAN JOSE, CA 95134
State of Incorp. DE
Fiscal Year End December 31
SIC 3576 - Computer Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments118,259124,445120,796145,852
Cash and cash equivalents50,38365,26460,45782,596
Short-term investments67,87659,18160,33963,256
Inventory, net of allowances, customer advances and progress billings8,0404,5456,7224,350
Deferred costs194,769196,86829,58537,460
Other undisclosed current assets12,53610,83510,4244,758
Total current assets:378,374384,506222,267262,144
Noncurrent Assets
Property, plant and equipment28,98614,10612,86012,364
Intangible assets, net (including goodwill), including:11,00514,3908,221447
Intangible assets, net (excluding goodwill)2,2335,6183,223 
Other undisclosed intangible assets, net (including goodwill)  269
Deferred costs26,63938,882303,445238,663
Other noncurrent assets1,6434,7721,0471,567
Deferred tax assets, net4811,0693541,613
Other undisclosed noncurrent assets   (447)
Total noncurrent assets:68,75473,219325,927254,207
TOTAL ASSETS:447,128457,725548,194516,351
Current Liabilities
Accounts payable and accrued liabilities56,60258,82661,69664,478
Accounts payable26,78530,62327,53031,317
Accrued liabilities4,7229,10423,25821,282
Employee-related liabilities23,50614,2498,91210,677
Taxes payable1,5894,8501,9961,202
Debt 2851,1631,615
Deferred revenue and credits292,260305,47191,688111,293
Deferred tax liabilities  2491,176
Customer advances and deposits266  
Other undisclosed current liabilities14,06314,263(10,908)(11,879)
Total current liabilities:363,191378,845143,888166,683
Noncurrent Liabilities
Liabilities, other than long-term debt115,473112,745538,125427,786
Deferred revenue and credits93,14996,342517,905413,360
Deferred tax liabilities, net  5,146 
Other liabilities22,32416,40315,07414,426
Total noncurrent liabilities:115,473112,745538,125427,786
Total liabilities:478,664491,590682,013594,469
Stockholders' equity
Stockholders' equity attributable to parent(31,536)(33,865)(133,819)(78,118)
Common stock52514746
Additional paid in capital618,599594,301573,344538,967
Accumulated other comprehensive income (loss)(2,113)(1,772)(779)130
Accumulated deficit(648,074)(626,445)(706,431)(617,261)
Total stockholders' equity:(31,536)(33,865)(133,819)(78,118)
TOTAL LIABILITIES AND EQUITY:447,128457,725548,194516,351

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

(Revenue, Net)
Cost of revenue(172,809)(263,816)(134,951)(211,504)
Cost of goods and services sold(172,809)(263,816)(134,951)(211,934)
Gross profit:138,199225,74356,337115,354
Operating expenses(158,123)(142,790)(144,208)(157,109)
Operating income (loss):(19,924)82,953(87,871)(41,755)
Nonoperating income (expense)670104123(24,828)
Investment income, nonoperating47046831686
Other nonoperating income (expense)207(312)  
Interest and debt expense(7)(52)(132)(1,199)
Other undisclosed income from continuing operations before equity method investments, income taxes  1321,199
Income (loss) from continuing operations before equity method investments, income taxes:(19,261)83,005(87,748)(66,583)
Other undisclosed income from continuing operations before income taxes752  
Income (loss) from continuing operations before income taxes:(19,254)83,057(87,748)(66,583)
Income tax expense(2,375)(3,071)(1,422)(224)
Net income (loss) attributable to parent:(21,629)79,986(89,170)(66,807)
Preferred stock dividends and other adjustments   (105,800)
Other undisclosed net income available to common stockholders, basic   800
Net income (loss) available to common stockholders, diluted:(21,629)79,986(89,170)(171,807)

Comprehensive Income ($ in thousands)

Net income (loss):(21,629)79,986(89,170)(66,807)
Other comprehensive income (loss) (993)(909)266
Comprehensive income (loss):(21,629)78,993(90,079)(66,541)
Other undisclosed comprehensive loss, net of tax, attributable to parent(341)   
Comprehensive income (loss), net of tax, attributable to parent:(21,970)78,993(90,079)(66,541)

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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