Syneos Health, Inc. (SYNH) financial statements (2021 and earlier)

Company profile

Business Address 1030 SYNC STREET
MORRISVILLE, NC 27560
State of Incorp. DE
Fiscal Year End December 31
SIC 8731 - Commercial Physical and Biological Research (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
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 investments  15432110285126
Cash and cash equivalents  15432110285126
Restricted cash and investments0121101
Receivables1,3451,1541,151643211158130
Contract with customer, asset 149105
Deferred tax assets    16
Other undisclosed current assets39325879457208178153
Total current assets:1,7381,5621,4921,422523422427
Noncurrent Assets
Operating lease, right-of-use asset223219
Property, plant and equipment216204183180584544
Intangible assets, net (including goodwill)5,7105,3235,4675,579667705747
Goodwill4,7764,3504,3334,293553553557
Intangible assets, net (excluding goodwill)9349731,1341,286114152190
Deferred income tax assets3537
Other noncurrent assets14110910384262712
Deferred tax assets, net  151216
Other undisclosed noncurrent assets  920   
Total noncurrent assets:6,3255,8925,7635,864766789818
TOTAL ASSETS:8,0637,4547,2557,2861,2891,2111,245
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities725706662559177134206
Accounts payable1141379959242217
Accrued liabilities611569564500154111112
Employee-related liabilities      65
Taxes payable      11
Interest and dividends payable      3
Deferred revenue793697
Debt17114644112305
Restructuring reserve      2
Business combination, contingent consideration, liability      1
Deferred revenue and credits559278311247
Deferred tax liabilities    0
Contract with customer, liability777
Other undisclosed current liabilities42     (81)
Total current liabilities:1,5771,5161,5031,160467475380
Noncurrent Liabilities
Long-term debt and lease obligation3,1552,8062,7642,966486472415
Long-term debt, excluding current maturities2,9022,5502,7372,946486472415
Finance lease, liability3237
Capital lease obligations2720  0
Operating lease, liability222218
Liabilities, other than long-term debt89102121100344775
Deferred compensation liability, classified  15    
Deferred tax liabilities, net  82830
Deferred income tax liabilities2011
Liability for uncertainty in income taxes      13
Restructuring reserve      4
Other liabilities6891107100261927
Other undisclosed noncurrent liabilities  1138  (17)
Total noncurrent liabilities:3,2442,9082,8963,104520519473
Total liabilities:4,8214,4244,3994,263987994853
Stockholders' equity
Stockholders' equity attributable to parent3,2423,0302,8563,023301217392
Common stock1111111
Additional paid in capital3,4623,4413,4033,414573560635
Accumulated other comprehensive loss(41)(72)(88)(22)(42)(42)(26)
Accumulated deficit(180)(341)(459)(370)(230)(301)(217)
Total stockholders' equity:3,2423,0302,8563,023301217392
TOTAL LIABILITIES AND EQUITY:8,0637,4547,2557,2861,2891,2111,245

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,4164,6764,3902,6721,6111,3991,179
Revenue, net2,6721,6111,3991,179
Cost of revenue(3,515)(3,820)(3,608)(2,249)(1,207)(1,027)(884)
Cost of goods and services sold(3,398)  (2,051)(1,207)(1,027)(884)
Gross profit:901856782423404372295
Operating expenses(608)(618)(622)(452)(224)(200)(204)
Other undisclosed operating loss    (24)(20)(27)
Operating income (loss):293238160(29)15515264
Nonoperating expense(89)(136)(103)(83)(21)(21)(92)
Other nonoperating income (expense)3(24)28(20)(9)48
Interest and debt expense(2)10(4)(1)(0)(10)(100)
Income (loss) from continuing operations before equity method investments, income taxes:20211253(112)134121(128)
Other undisclosed income (loss) from continuing operations before income taxes2(10)41010100
Income (loss) from continuing operations before income taxes:20410257(112)134131(28)
Income tax expense (benefit)(11)30(33)(27)(21)(14)5
Net income (loss) attributable to parent:19313124(138)113117(23)
Other undisclosed net loss available to common stockholders, basic      (4)
Net income (loss) available to common stockholders, diluted:19313124(138)113117(27)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):19313124(138)113117(23)
Other comprehensive income (loss)02 (9)(1)  
Comprehensive income (loss):19313324(147)112117(23)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3114(70)29 (15)(16)
Comprehensive income (loss), net of tax, attributable to parent:224148(45)(119)112102(40)

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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