Telecommunication Systems Inc (TSYS) financial statements (2020 and earlier)

Company profile

Business Address 275 WEST ST
ANNAPOLIS, MD 21401
State of Incorp. MD
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments506251
Cash and cash equivalents274237
Short-term investments232015
Receivables744683
Inventory, net of allowances, customer advances and progress billings61011
Inventory61011
Other current assets1815
Other undisclosed current assets221648
Total current assets:171149194
Noncurrent Assets
Property, plant and equipment333849
Intangible assets, net (including goodwill)121125139
Goodwill104104112
Intangible assets, net (excluding goodwill)172126
Other noncurrent assets45
Prepaid expense and other noncurrent assets7
Other undisclosed noncurrent assets5425
Total noncurrent assets:163173220
TOTAL ASSETS:334321414
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:422438
Accounts payable231016
Accrued liabilities191422
Employee-related liabilities141418
Other undisclosed accounts payable and accrued liabilities(14)(14)(18)
Debt193029
Deferred revenue and credits222527
Other undisclosed current liabilities141418
Total current liabilities:9694111
Noncurrent Liabilities
Long-term debt and lease obligation, including:120117139
Long-term debt, excluding current maturities115110133
Other undisclosed long-term debt and lease obligation576
Liabilities, other than long-term debt612
Deferred compensation liability, classified1  
Deferred tax liabilities, net4  
Other liabilities112
Total noncurrent liabilities:126119141
Total liabilities:222212253
Stockholders' equity
Stockholders' equity attributable to parent, including:113109161
Additional paid in capital346341334
Accumulated other comprehensive income (loss)(0)00
Accumulated deficit(234)(232)(174)
Other undisclosed stockholders' equity attributable to parent111
Total stockholders' equity:113109161
Other undisclosed liabilities and equity(1)  
TOTAL LIABILITIES AND EQUITY:334321414

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

12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
360362487
Cost of revenue
(Cost of Goods and Services Sold)
(212)(223)(327)
Gross profit:148139160
Operating expenses(135)(169)(266)
Operating income (loss):12(30)(106)
Nonoperating expense
(Other Nonoperating expense)
(1)(0)(0)
Interest and debt expense(8)(8)(7)
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)(3)(1)
Income (loss) from continuing operations before income taxes:2(42)(113)
Income tax expense (benefit)(4)(17)15
Net loss available to common stockholders, diluted:(2)(59)(98)

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net loss:(2)(59)(98)
Other comprehensive income (loss)(0)(0)0
Comprehensive loss, net of tax, attributable to parent:(2)(59)(98)

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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