Towerstream Corp (TWER) financial statements (2020 and earlier)

Company profile

Business Address 76 HAMMARLUND WAY
MIDDLETOWN, RI 02842
State of Incorp. DE
Fiscal Year End December 31
SIC 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4812153828
Cash and cash equivalents4812153828
Receivables111011
Disposal group, including discontinued operation  01  
Assets held-for-sale, not part of disposal group   5
Other undisclosed current assets100011
Total current assets:5913224030
Noncurrent Assets
Property, plant and equipment101315213438
Intangible assets, net (including goodwill)345345
Goodwill222222
Intangible assets, net (excluding goodwill)124123
Other noncurrent assets000242
Total noncurrent assets:131821264245
TOTAL ASSETS:182634498275
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities131334
Accounts payable010111
Accrued liabilities121223
Interest and dividends payable 1    
Debt393432111
Deferred rent credit0
Disposal group, including discontinued operation1114  
Deferred revenue and credits11111
Other liabilities   000
Other undisclosed current liabilities1   (0) 
Total current liabilities:424036956
Noncurrent Liabilities
Long-term debt and lease obligation003236332
Long-term debt, excluding current maturities  313532 
Capital lease obligations000112
Liabilities, other than long-term debt011232
Deferred revenue and credits   11
Other liabilities011221
Other undisclosed noncurrent liabilities (0)(31) (1)(1)
Total noncurrent liabilities:11137353
Total liabilities:43413746409
Stockholders' equity
Stockholders' equity attributable to parent, including:(24)(14)(3)34266
Common stock000000
Additional paid in capital175175174159158154
Accumulated deficit(199)(189)(177)(156)(116)(88)
Other undisclosed stockholders' equity attributable to parent000   
Total stockholders' equity:(24)(14)(3)34266
TOTAL LIABILITIES AND EQUITY:182634498275

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues252627283333
Revenue, net2627283333
Cost of revenue(21)(32)(39)(11)(25)(23)
Cost of goods and services sold(6)(7)(11)(10)(14)(15)
Gross profit:4(6)(12)17910
Operating expenses(7)(2)(1)(16)(17)(20)
Other undisclosed operating loss   (14)(17)(16)
Operating loss:(4)(7)(14)(13)(26)(25)
Nonoperating income (expense)(7)(13)(20)(7)(2)1
Interest and debt expense  (2)(1)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes   100
Loss from continuing operations before income taxes:(11)(20)(35)(19)(28)(25)
Income tax expense (benefit)00(0)0(0)(0)
Loss from continuing operations:(10)(20)(35)(19)(28)(25)
Loss from discontinued operations  (1)(21)  
Net loss:(10)(20)(37)(40)(28)(25)
Other undisclosed net income attributable to parent 716   
Net loss attributable to parent:(10)(12)(20)(40)(28)(25)
Preferred stock dividends and other adjustments (2)(2)   
Net loss available to common stockholders, diluted:(10)(14)(22)(40)(28)(25)

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(10)(20)(37)(40)(28)(25)
Comprehensive loss, net of tax, attributable to parent:(10)(20)(37)(40)(28)(25)

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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