Mitel Networks (MITL) quarterly balance sheet covering the six quarters from June 2017 to September 2018, as reported to the SEC.
A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.
| Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||||
45,000 | 39,000 | 43,100 | 40,900 | 55,400 | 50,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash and cash equivalents | 45,000 | 39,000 | 43,100 | 40,900 | 55,400 | 50,800 | 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) | |||||||||||||||||||||
180,200 | 204,200 | 201,000 | 219,200 | 216,400 | 200,100 | 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) | 180,200 | 204,200 | 201,000 | 219,200 | 216,400 | 200,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales-type lease receivables (net) (note 5) | |||||||||||||||||||||
- | 400 | 2,600 | 3,400 | 4,500 | 5,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales-type lease receivables (net) (note 5) | - | 400 | 2,600 | 3,400 | 4,500 | 5,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Inventories (net) (note 6) | |||||||||||||||||||||
66,100 | 66,700 | 74,300 | 79,600 | 106,900 | 88,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Inventories (net) (note 6) | 66,100 | 66,700 | 74,300 | 79,600 | 106,900 | 88,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred tax asset | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred tax asset | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other current assets (note 7) | |||||||||||||||||||||
80,300 | 86,900 | 89,000 | 74,800 | 81,600 | 65,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other current assets (note 7) | 80,300 | 86,900 | 89,000 | 74,800 | 81,600 | 65,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Assets of component held for sale, current (note 4) | |||||||||||||||||||||
- | - | 25,300 | 33,300 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Assets of component held for sale, current (note 4) | - | - | 25,300 | 33,300 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Assets, Current, Total | |||||||||||||||||||||
371,600 | 397,200 | 435,300 | 451,200 | 464,800 | 410,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Assets, Current, Total | 371,600 | 397,200 | 435,300 | 451,200 | 464,800 | 410,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-current portion of sales-type lease receivables (net) (note 5) | |||||||||||||||||||||
- | 1,000 | 2,900 | 4,000 | 4,900 | 5,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Non-current portion of sales-type lease receivables (net) (note 5) | - | 1,000 | 2,900 | 4,000 | 4,900 | 5,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred tax asset | |||||||||||||||||||||
113,400 | 118,100 | 120,800 | 124,400 | 131,500 | 197,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred tax asset | 113,400 | 118,100 | 120,800 | 124,400 | 131,500 | 197,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Property and equipment (net) | |||||||||||||||||||||
46,700 | 49,800 | 51,500 | 52,700 | 54,700 | 36,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Property and equipment (net) | 46,700 | 49,800 | 51,500 | 52,700 | 54,700 | 36,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Identifiable intangible assets (net) (note 8) | |||||||||||||||||||||
341,700 | 366,800 | 393,800 | 420,800 | 410,800 | 85,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Identifiable intangible assets (net) (note 8) | 341,700 | 366,800 | 393,800 | 420,800 | 410,800 | 85,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Goodwill | |||||||||||||||||||||
528,700 | 528,700 | 528,900 | 528,900 | 549,000 | 346,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Goodwill | 528,700 | 528,700 | 528,900 | 528,900 | 549,000 | 346,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other non-current assets | |||||||||||||||||||||
52,600 | 30,200 | 42,100 | 35,800 | 30,700 | 23,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other non-current assets | 52,600 | 30,200 | 42,100 | 35,800 | 30,700 | 23,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Assets of component held for sale, non-current (note 4) | |||||||||||||||||||||
- | - | 13,100 | 12,700 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Assets of component held for sale, non-current (note 4) | - | - | 13,100 | 12,700 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Assets, Total | |||||||||||||||||||||
1,454,700 | 1,491,800 | 1,588,400 | 1,630,500 | 1,646,400 | 1,104,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Assets, Total | 1,454,700 | 1,491,800 | 1,588,400 | 1,630,500 | 1,646,400 | 1,104,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Accounts payable and accrued liabilities (note 9) | |||||||||||||||||||||
251,900 | 232,500 | 238,400 | 245,800 | 292,500 | 193,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts payable and accrued liabilities (note 9) | 251,900 | 232,500 | 238,400 | 245,800 | 292,500 | 193,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Current portion of deferred revenue | |||||||||||||||||||||
134,300 | 140,300 | 145,200 | 160,600 | 154,900 | 96,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current portion of deferred revenue | 134,300 | 140,300 | 145,200 | 160,600 | 154,900 | 96,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Current portion of long-term debt (note 11) | |||||||||||||||||||||
9,900 | 6,600 | 17,600 | 17,100 | 16,500 | 12,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current portion of long-term debt (note 11) | 9,900 | 6,600 | 17,600 | 17,100 | 16,500 | 12,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities of component held for sale, current (note 4) | |||||||||||||||||||||
- | - | 11,200 | 15,200 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Liabilities of component held for sale, current (note 4) | - | - | 11,200 | 15,200 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities, Current, Total | |||||||||||||||||||||
396,100 | 379,400 | 412,400 | 438,700 | 463,900 | 303,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Liabilities, Current, Total | 396,100 | 379,400 | 412,400 | 438,700 | 463,900 | 303,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Long-term debt (note 11) | |||||||||||||||||||||
476,600 | 526,300 | 585,200 | 612,000 | 615,800 | 246,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Long-term debt (note 11) | 476,600 | 526,300 | 585,200 | 612,000 | 615,800 | 246,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Lease recourse liability (note 5) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Lease recourse liability (note 5) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Long-term portion of deferred revenue | |||||||||||||||||||||
57,200 | 56,400 | 57,300 | 64,100 | 59,100 | 39,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Long-term portion of deferred revenue | 57,200 | 56,400 | 57,300 | 64,100 | 59,100 | 39,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred tax liability | |||||||||||||||||||||
9,000 | 10,200 | 16,400 | 13,900 | 10,300 | 8,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred tax liability | 9,000 | 10,200 | 16,400 | 13,900 | 10,300 | 8,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Pension liability (note 12) | |||||||||||||||||||||
83,600 | 85,400 | 113,700 | 111,100 | 148,700 | 146,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Pension liability (note 12) | 83,600 | 85,400 | 113,700 | 111,100 | 148,700 | 146,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other non-current liabilities | |||||||||||||||||||||
30,600 | 32,400 | 35,400 | 36,000 | 30,500 | 25,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other non-current liabilities | 30,600 | 32,400 | 35,400 | 36,000 | 30,500 | 25,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities of component held for sale, non-current (note 4) | |||||||||||||||||||||
- | - | 9,500 | 9,000 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Liabilities of component held for sale, non-current (note 4) | - | - | 9,500 | 9,000 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities, Total | |||||||||||||||||||||
1,053,100 | 1,090,100 | 1,229,900 | 1,284,800 | 1,328,300 | 770,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Liabilities, Total | 1,053,100 | 1,090,100 | 1,229,900 | 1,284,800 | 1,328,300 | 770,300 | 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) | |||||||||||||||||||||
1,502,700 | 1,497,400 | 1,471,200 | 1,466,000 | 1,461,700 | 1,376,000 | 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) | 1,502,700 | 1,497,400 | 1,471,200 | 1,466,000 | 1,461,700 | 1,376,000 | 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) | |||||||||||||||||||||
20,500 | 20,500 | 39,100 | 39,100 | 39,100 | 39,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Warrants (note 15) | 20,500 | 20,500 | 39,100 | 39,100 | 39,100 | 39,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Additional paid-in capital | |||||||||||||||||||||
- | - | - | - | - | 75,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Additional paid-in capital | - | - | - | - | - | 75,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated deficit | |||||||||||||||||||||
-972,800 | -966,100 | -981,500 | -990,600 | -988,900 | -962,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated deficit | -972,800 | -966,100 | -981,500 | -990,600 | -988,900 | -962,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated other comprehensive loss | |||||||||||||||||||||
-148,800 | -150,100 | -170,300 | -168,800 | -193,800 | -193,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated other comprehensive loss | -148,800 | -150,100 | -170,300 | -168,800 | -193,800 | -193,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Stockholders' Equity Attributable to Parent, Total | |||||||||||||||||||||
401,600 | 401,700 | 358,500 | 345,700 | 318,100 | 334,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Stockholders' Equity Attributable to Parent, Total | 401,600 | 401,700 | 358,500 | 345,700 | 318,100 | 334,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities and Equity, Total | |||||||||||||||||||||
1,454,700 | 1,491,800 | 1,588,400 | 1,630,500 | 1,646,400 | 1,104,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Liabilities and Equity, Total | 1,454,700 | 1,491,800 | 1,588,400 | 1,630,500 | 1,646,400 | 1,104,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||