Vonage Holdings Corp. (VG) financial statements (2021 and earlier)

Company profile

Business Address 23 MAIN STREET
HOLMDEL, NJ 07733
State of Incorp. DE
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (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 investments4324531306848
Cash and cash equivalents4324531295841
Short-term investments    1107
Receivables1161027544402221
Inventory, net of allowances, customer advances and progress billings 1134610
Inventory 1134610
Prepaid expense32222624322
Capitalized contract cost181412
Deferred costs   1345
Other current assets61086   
Other undisclosed current assets    233630
Total current assets:216173128110102137115
Noncurrent Assets
Operating lease, right-of-use asset2951
Nontrade receivables      7
Property, plant and equipment32484947484950
Intangible assets, net (including goodwill)829853898547560360251
Goodwill624603598374360222191
Intangible assets, net (excluding goodwill)20425030017319913860
Capitalized contract cost, net6855 
Restricted cash and investments2222233
Deferred costs    100
Deferred income tax assets106 
Other noncurrent assets3434242014108
Deferred tax assets, net103111189  
Other undisclosed noncurrent assets81149552224225241
Total noncurrent assets:1,1801,1921,132749838648560
TOTAL ASSETS:1,3961,3651,259859940785675
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1761801411151409684
Accounts payable1742533031 43
Accrued liabilities1581388785109 84
Interest and dividends payable     00
Settlement liabilities     00
Other undisclosed accounts payable and accrued liabilities     96(43)
Deferred revenue6659
Debt  1019221923
Deferred revenue and credits30323336
Other liabilities   0   
Other undisclosed current liabilities121253  4343
Total current liabilities:253252204164194191186
Noncurrent Liabilities
Long-term debt and lease obligation53754350921430019977
Long-term debt, excluding current maturities50649750921430019570
Capital lease obligations  037
Operating lease, liability3146
Liabilities, other than long-term debt33108462
Deferred revenue and credits 011
Other liabilities33108451
Other undisclosed noncurrent liabilities      67
Total noncurrent liabilities:540546520221305205146
Total liabilities:793798724386499396332
Stockholders' equity
Stockholders' equity attributable to parent, including:603567536473441389343
Common stock0000000
Treasury stock, value(321)(306)(275)(244)(219)(180)(160)
Additional paid in capital1,5551,4941,4161,3751,3111,2251,185
Accumulated other comprehensive income (loss)369714(14)(2)(3)
Accumulated deficit(667)(631)(612)(673)(637)(655)(678)
Other undisclosed stockholders' equity attributable to parent      (1)
Stockholders' equity attributable to noncontrolling interest      (1)
Other undisclosed stockholders' equity      1
Total stockholders' equity:603567536473441389343
TOTAL LIABILITIES AND EQUITY:1,3961,3651,259859940785675

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
Revenues1,2481,1891,0491,002956895869
Revenue, net1,00295622
Cost of revenue(51)(511)(427)(405)(356)(2)(270)
Cost of goods and services sold(51)(38)(28)(405)(356)(2)(270)
Other undisclosed gross profit   01  
Gross profit:1,197678622597600893599
Operating expenses(1,248)(1,183)(997)(943)(911)(842)(821)
Other undisclosed operating income515114274053552270
Operating income (loss):(0)75259445348
Nonoperating expense(32)(33)(15)(14)(13)(10)(7)
Interest and debt expense(32)(33)(0)(15)(13)(9)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes32330151397
Income (loss) from continuing operations before income taxes:(32)(26)3746314341
Income tax expense (benefit)(4)7(1)(80)(13)(18)(22)
Income (loss) from continuing operations:(36)(19)36(34)182519
Loss from discontinued operations     (2) 
Net income (loss):(36)(19)36(34)182319
Net income attributable to noncontrolling interest      1
Other undisclosed net income attributable to parent     0 
Net income (loss) available to common stockholders, diluted:(36)(19)36(34)182320

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):(36)(19)36(34)182319
Other comprehensive income (loss)273(7)28(12)1(4)
Comprehensive income (loss):(10)(17)28(6)62416
Comprehensive income, net of tax, attributable to noncontrolling interest     01
Comprehensive income (loss), net of tax, attributable to parent:(10)(17)28(6)62417

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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