Staffing 360 Solutions, Inc. (STAF) financial statements (2021 and earlier)

Company profile

Business Address 641 LEXINGTON AVENUE
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
SIC 7363 - Help Supply Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
5/31/2016
5/31/2015
5/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 133201
Cash and cash equivalents 133201
Receivables 273333201917
Prepaid expense    111
Deferred costs     10
Other undisclosed current assets 1111  
Total current assets: 293738242120
Noncurrent Assets
Operating lease, right-of-use asset 5
Property, plant and equipment 222110
Intangible assets, net (including goodwill) 515544261922
Goodwill 3132271588
Intangible assets, net (excluding goodwill) 202317111114
Other noncurrent assets 333422
Other undisclosed noncurrent assets    1  
Total noncurrent assets: 605949312124
TOTAL ASSETS: 899687554244
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1718171875
Accounts payable 1346  
Accrued liabilities 2336  
Employee-related liabilities 13117644
Interest and dividends payable   1  0
Other undisclosed accounts payable and accrued liabilities 001 32
Debt 21071613
Due to related parties 38   00
Business combination, contingent consideration, liability     01
Other liabilities 4106100
Other undisclosed current liabilities 2423261547
Total current liabilities: 845249412827
Noncurrent Liabilities
Long-term debt and lease obligation 43639544
Long-term debt, excluding current maturities 03639544
Operating lease, liability 3
Liabilities, other than long-term debt 254212
Other liabilities 2542  
Business combination, contingent consideration, liability     12
Other undisclosed noncurrent liabilities   1 0 
Total noncurrent liabilities: 54044756
Total liabilities: 899294483333
Stockholders' equity
Stockholders' equity attributable to parent, including: (0)4(7)8810
Preferred stock     0 
Common stock 0   00
Additional paid in capital 767458514326
Accumulated other comprehensive income (loss) (0)210(0)(0)
Accumulated deficit (77)(72)(65)(44)(34)(16)
Other undisclosed stockholders' equity attributable to parent 00    
Stockholders' equity attributable to noncontrolling interest     11
Total stockholders' equity: (0)4(7)81011
TOTAL LIABILITIES AND EQUITY: 899687554244

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
5/31/2016
5/31/2015
5/31/2014
Revenues 27826119316612946
Revenue, net19316612946
Cost of revenue (230) (156) (106)(37)
Other undisclosed gross profit  (213) (137)  
Gross profit: 48483729239
Operating expenses (48)(47)(42)(34)(30)(19)
Operating income (loss): 12(5)(5)(7)(10)
Nonoperating income (expense) (6)(8)(12)(5)1 
Debt instrument, convertible, beneficial conversion feature     1 
Interest and debt expense (8)(8)(6)1(1)(0)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (10)(2)
Loss from continuing operations before equity method investments, income taxes: (13)(15)(24)(9)(18)(13)
Other undisclosed income (loss) from continuing operations before income taxes 886(1)  
Loss from continuing operations before income taxes: (5)(6)(18)(9)(18)(13)
Income tax expense (benefit) 0(0)(1)(0)0(0)
Loss from continuing operations: (5)(7)(18)(9)(18)(13)
Loss from discontinued operations     (0) 
Net loss: (5)(7)(18)(9)(18)(13)
Net loss attributable to noncontrolling interest    (0)(0)(0)
Net loss attributable to parent: (5)(7)(18)(10)(18)(13)
Preferred stock dividends and other adjustments   (2)(0)(0) 
Other undisclosed net loss available to common stockholders, basic (2)(0)    
Net loss available to common stockholders, diluted: (7)(7)(21)(10)(18)(13)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
5/31/2016
5/31/2015
5/31/2014
Net loss: (5)(7)(18)(9)(18)(13)
Other comprehensive income (loss)     0(0)
Comprehensive loss: (5)(7)(18)(9)(18)(13)
Comprehensive loss, net of tax, attributable to noncontrolling interest    (0)(0)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (2)1(0)000
Comprehensive loss, net of tax, attributable to parent: (7)(5)(19)(9)(18)(13)

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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