Mitel Networks (MITL) annual balance sheet covering fiscal 2012 through 2017, as reported to the SEC.
Assets, Total has grown 18.9% a year on average since fiscal 2012, from $687.2M to $1.63B.
A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.
| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Apr'13 | Apr'12 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||||
40,900 | 97,300 | 82,200 | 111,300 | 69,000 | 78,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash and cash equivalents | 40,900 | 97,300 | 82,200 | 111,300 | 69,000 | 78,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accounts receivable (net of allowance for doubtful accounts of $13.9 and $15.8, respectively) | |||||||||||||||||||||
219,200 | 186,300 | 209,300 | 237,500 | 123,000 | 129,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts receivable (net of allowance for doubtful accounts of $13.9 and $15.8, respectively) | 219,200 | 186,300 | 209,300 | 237,500 | 123,000 | 129,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales-type lease receivables (net) (note 5) | |||||||||||||||||||||
3,400 | 5,800 | 12,600 | 18,100 | 15,400 | 16,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales-type lease receivables (net) (note 5) | 3,400 | 5,800 | 12,600 | 18,100 | 15,400 | 16,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Inventories (net) (note 6) | |||||||||||||||||||||
79,600 | 74,900 | 87,100 | 88,300 | 27,900 | 28,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Inventories (net) (note 6) | 79,600 | 74,900 | 87,100 | 88,300 | 27,900 | 28,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred tax asset | |||||||||||||||||||||
- | - | - | - | 17,200 | 12,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred tax asset | - | - | - | - | 17,200 | 12,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other current assets (note 7) | |||||||||||||||||||||
74,800 | 57,700 | 44,200 | 53,200 | 32,400 | 33,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other current assets (note 7) | 74,800 | 57,700 | 44,200 | 53,200 | 32,400 | 33,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Assets of component held for sale, current (note 4) | |||||||||||||||||||||
33,300 | 121,300 | 117,100 | - | - | 3,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Assets of component held for sale, current (note 4) | 33,300 | 121,300 | 117,100 | - | - | 3,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Assets, Current, Total | |||||||||||||||||||||
451,200 | 543,300 | 552,500 | 508,400 | 284,900 | 303,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Assets, Current, Total | 451,200 | 543,300 | 552,500 | 508,400 | 284,900 | 303,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-current portion of sales-type lease receivables (net) (note 5) | |||||||||||||||||||||
4,000 | 6,700 | 17,000 | 19,700 | 18,700 | 23,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Non-current portion of sales-type lease receivables (net) (note 5) | 4,000 | 6,700 | 17,000 | 19,700 | 18,700 | 23,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred tax asset | |||||||||||||||||||||
124,400 | 185,200 | 173,400 | 165,300 | 119,700 | 117,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred tax asset | 124,400 | 185,200 | 173,400 | 165,300 | 119,700 | 117,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Property and equipment (net) | |||||||||||||||||||||
52,700 | 39,100 | 43,900 | 50,700 | 30,100 | 21,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Property and equipment (net) | 52,700 | 39,100 | 43,900 | 50,700 | 30,100 | 21,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Identifiable intangible assets (net) (note 8) | |||||||||||||||||||||
420,800 | 100,400 | 134,200 | 175,800 | 55,900 | 78,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Identifiable intangible assets (net) (note 8) | 420,800 | 100,400 | 134,200 | 175,800 | 55,900 | 78,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Goodwill | |||||||||||||||||||||
528,900 | 346,300 | 346,300 | 340,300 | 132,600 | 132,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Goodwill | 528,900 | 346,300 | 346,300 | 340,300 | 132,600 | 132,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other non-current assets | |||||||||||||||||||||
35,800 | 7,900 | 7,700 | 11,600 | 14,500 | 8,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other non-current assets | 35,800 | 7,900 | 7,700 | 11,600 | 14,500 | 8,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Assets of component held for sale, non-current (note 4) | |||||||||||||||||||||
12,700 | 332,500 | 581,600 | - | - | 1,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Assets of component held for sale, non-current (note 4) | 12,700 | 332,500 | 581,600 | - | - | 1,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Assets, Total | |||||||||||||||||||||
1,630,500 | 1,561,400 | 1,856,600 | 1,271,800 | 656,400 | 687,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Assets, Total | 1,630,500 | 1,561,400 | 1,856,600 | 1,271,800 | 656,400 | 687,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Accounts payable and accrued liabilities (note 9) | |||||||||||||||||||||
245,800 | 200,600 | 200,700 | 215,000 | 101,100 | 104,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts payable and accrued liabilities (note 9) | 245,800 | 200,600 | 200,700 | 215,000 | 101,100 | 104,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Current portion of deferred revenue | |||||||||||||||||||||
160,600 | 88,000 | 90,300 | 78,200 | 32,400 | 33,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current portion of deferred revenue | 160,600 | 88,000 | 90,300 | 78,200 | 32,400 | 33,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Current portion of long-term debt (note 11) | |||||||||||||||||||||
17,100 | 38,900 | 11,700 | 6,200 | 6,500 | 4,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current portion of long-term debt (note 11) | 17,100 | 38,900 | 11,700 | 6,200 | 6,500 | 4,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities of component held for sale, current (note 4) | |||||||||||||||||||||
15,200 | 58,300 | 70,700 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Liabilities of component held for sale, current (note 4) | 15,200 | 58,300 | 70,700 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities, Current, Total | |||||||||||||||||||||
438,700 | 385,800 | 373,400 | 299,400 | 140,000 | 142,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Liabilities, Current, Total | 438,700 | 385,800 | 373,400 | 299,400 | 140,000 | 142,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Long-term debt (note 11) | |||||||||||||||||||||
612,000 | 547,100 | 633,600 | 303,600 | 281,600 | 307,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Long-term debt (note 11) | 612,000 | 547,100 | 633,600 | 303,600 | 281,600 | 307,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Lease recourse liability (note 5) | |||||||||||||||||||||
- | - | - | - | 3,800 | 5,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Lease recourse liability (note 5) | - | - | - | - | 3,800 | 5,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Long-term portion of deferred revenue | |||||||||||||||||||||
64,100 | 39,400 | 38,000 | 35,600 | 14,800 | 12,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Long-term portion of deferred revenue | 64,100 | 39,400 | 38,000 | 35,600 | 14,800 | 12,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred tax liability | |||||||||||||||||||||
13,900 | 10,000 | 16,400 | 15,300 | 23,400 | 35,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred tax liability | 13,900 | 10,000 | 16,400 | 15,300 | 23,400 | 35,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Pension liability (note 12) | |||||||||||||||||||||
111,100 | 145,500 | 126,600 | 136,100 | 90,500 | 75,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Pension liability (note 12) | 111,100 | 145,500 | 126,600 | 136,100 | 90,500 | 75,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other non-current liabilities | |||||||||||||||||||||
36,000 | 25,900 | 28,300 | 34,000 | 18,300 | 19,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other non-current liabilities | 36,000 | 25,900 | 28,300 | 34,000 | 18,300 | 19,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities of component held for sale, non-current (note 4) | |||||||||||||||||||||
9,000 | 24,800 | 35,400 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Liabilities of component held for sale, non-current (note 4) | 9,000 | 24,800 | 35,400 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities, Total | |||||||||||||||||||||
1,284,800 | 1,178,500 | 1,251,700 | 824,000 | 572,400 | 597,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Liabilities, Total | 1,284,800 | 1,178,500 | 1,251,700 | 824,000 | 572,400 | 597,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Commitments, guarantees and contingencies (note 13) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Commitments, guarantees and contingencies (note 13) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Shareholders' equity: | |||||||||||||||||||||
Common shares, without par value and additional paid-in capital - unlimited shares authorized; issued and outstanding: 123.1 and 120.1, respectively (note 14) | |||||||||||||||||||||
1,466,000 | 1,482,200 | 1,414,200 | 1,216,300 | 810,400 | 809,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Common shares, without par value and additional paid-in capital - unlimited shares authorized; issued and outstanding: 123.1 and 120.1, respectively (note 14) | 1,466,000 | 1,482,200 | 1,414,200 | 1,216,300 | 810,400 | 809,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Preferred shares-issued and outstanding: nil | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Preferred shares-issued and outstanding: nil | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Warrants (note 15) | |||||||||||||||||||||
39,100 | 39,100 | 39,100 | 39,100 | 39,100 | 55,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Warrants (note 15) | 39,100 | 39,100 | 39,100 | 39,100 | 39,100 | 55,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Additional paid-in capital | |||||||||||||||||||||
- | - | 49,000 | 38,000 | 33,800 | 13,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Additional paid-in capital | - | - | 49,000 | 38,000 | 33,800 | 13,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated deficit | |||||||||||||||||||||
-990,600 | -946,700 | -729,400 | -698,600 | -685,800 | -692,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated deficit | -990,600 | -946,700 | -729,400 | -698,600 | -685,800 | -692,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated other comprehensive loss | |||||||||||||||||||||
-168,800 | -191,700 | -168,000 | -147,000 | -113,500 | -96,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated other comprehensive loss | -168,800 | -191,700 | -168,000 | -147,000 | -113,500 | -96,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Stockholders' Equity Attributable to Parent, Total | |||||||||||||||||||||
345,700 | 382,900 | 604,900 | 447,800 | 84,000 | 89,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Stockholders' Equity Attributable to Parent, Total | 345,700 | 382,900 | 604,900 | 447,800 | 84,000 | 89,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities and Equity, Total | |||||||||||||||||||||
1,630,500 | 1,561,400 | 1,856,600 | 1,271,800 | 656,400 | 687,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Liabilities and Equity, Total | 1,630,500 | 1,561,400 | 1,856,600 | 1,271,800 | 656,400 | 687,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||