Vonage holdings corp (VG)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current assets:
Cash and cash equivalents

43,073

23,620

18,741

17,963

18,254

5,057

25,735

26,077

23,536

31,360

29,869

26,825

26,220

29,078

33,236

24,331

35,889

57,726

59,777

48,486

52,224

40,797

59,368

54,962

54,272

84,663

99,915

98,548

105,894

97,110

74,708

72,382

55,243

58,863

55,590

63,161

78,934

Marketable securities

-

-

-

-

-

-

-

-

-

-

0

0

300

601

6,559

8,074

9,600

9,908

9,537

9,535

8,332

7,162

4,622

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance of $6,736 and $5,494, respectively

96,238

101,813

94,423

97,465

73,375

75,342

57,060

49,460

43,927

44,159

42,435

36,185

32,108

36,688

33,259

35,272

20,846

19,913

22,669

24,778

21,239

17,832

22,048

21,705

19,626

19,649

21,932

23,296

20,759

20,416

22,367

19,320

16,684

17,862

17,747

17,797

15,207

Inventory, net of allowance of $73 and $76, respectively

1,346

1,475

970

1,066

1,322

1,470

1,420

2,033

2,934

2,971

2,683

3,503

3,644

4,116

4,440

4,288

5,587

5,542

7,828

7,887

10,963

10,081

7,651

7,266

5,965

10,584

11,492

10,299

8,203

5,470

6,463

9,747

7,431

6,715

7,161

5,172

6,143

Deferred customer acquisition costs, current portion

14,971

13,834

12,529

11,789

10,585

11,755

10,669

9,640

8,637

0

1,466

1,486

1,660

2,610

2,092

3,102

2,929

4,074

4,112

4,073

4,312

4,854

4,324

4,318

4,580

4,991

5,977

6,507

5,065

5,418

5,444

4,906

4,656

4,964

4,988

4,687

6,481

Prepaid expenses

26,263

22,338

28,146

25,219

27,113

26,496

21,344

23,099

27,970

23,763

23,324

25,833

-

26,041

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

11,175

9,988

8,110

7,427

6,897

7,634

5,363

5,035

6,036

7,522

2,686

2,278

-

3,147

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,985

23,985

23,985

23,985

21,849

21,849

21,849

21,849

18,361

18,361

18,361

18,361

15,947

15,947

15,947

15,947

19,546

19,546

19,546

19,546

-

-

0

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

30,895

-

21,192

21,557

18,600

15,659

18,363

16,403

15,024

12,665

16,350

23,523

19,271

16,892

19,374

23,700

16,803

15,487

19,013

20,906

19,830

16,820

18,242

19,164

17,231

Total current assets

193,066

173,068

162,919

160,929

137,546

127,754

121,591

115,344

113,040

109,775

102,463

96,110

94,827

102,281

124,763

120,609

117,436

136,807

144,135

133,011

133,943

115,240

132,724

130,135

122,075

155,140

174,637

178,297

172,671

159,848

147,541

146,807

123,390

124,770

103,728

109,981

123,996

Property and equipment, net of accumulated depreciation of $111,169 and $109,646, respectively

43,144

48,371

48,330

47,759

48,776

49,262

42,754

43,992

44,296

46,754

45,760

44,688

45,722

48,415

49,791

52,563

51,881

49,483

48,063

44,759

46,350

49,630

43,771

44,830

47,921

52,243

52,657

56,436

57,615

60,533

56,353

60,683

64,556

67,978

69,970

72,143

79,050

Operating lease right-of-use assets

33,735

50,847

53,561

49,954

53,042

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

591,022

602,970

589,923

599,080

602,301

598,499

389,490

369,760

377,735

373,764

371,535

366,806

362,424

360,363

366,509

362,269

222,128

222,106

250,702

167,199

142,439

142,544

83,627

83,627

83,627

83,627

-

-

-

0

-

-

-

-

-

-

-

Software, net of accumulated amortization of $103,067 and $102,133, respectively

50,678

40,300

34,269

26,945

21,001

17,430

17,828

18,092

22,511

22,252

23,574

23,867

22,966

21,971

22,082

21,288

20,293

20,710

17,531

18,088

17,662

18,624

21,749

22,068

20,679

20,557

20,337

20,609

19,384

19,560

19,163

17,907

50,120

45,661

42,374

36,742

35,516

Capitalized Contract Cost, Net, Noncurrent

-

-

-

-

-

37,881

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred customer acquisition costs

58,891

55,148

50,672

48,222

43,980

-

34,821

32,258

29,501

0

-

-

524

-

503

487

494

431

137

53

65

87

112

144

168

193

222

250

289

347

417

527

619

721

786

775

1,093

Debt issuance costs, net

-

-

-

-

-

-

-

-

-

-

-

-

2,162

-

2,504

2,674

1,909

2,053

2,196

1,687

1,913

1,183

2,403

769

1,024

1,313

1,638

1,998

2,393

772

1,027

1,318

1,645

2,007

2,404

3,082

5,372

Restricted cash

2,039

-

2,054

1,679

1,872

2,047

1,984

1,940

1,835

1,967

1,827

1,802

1,799

1,851

1,836

1,938

1,860

2,587

2,588

2,407

2,401

3,405

3,407

3,411

4,407

4,405

4,401

4,393

4,392

5,656

5,653

5,932

5,933

6,929

6,930

6,934

7,978

Restricted cash

2,039

2,015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net of accumulated amortization of $233,079 and $221,182, respectively

227,979

249,905

255,256

271,022

287,800

299,911

158,939

152,901

166,506

173,270

181,522

188,076

191,250

199,256

214,578

225,997

130,537

138,199

108,716

101,286

105,197

110,832

64,057

68,207

72,494

76,850

4,901

5,494

6,088

6,681

7,275

7,868

8,462

9,056

3,328

3,614

4,186

Deferred tax assets

106,262

108,347

103,302

119,410

113,642

102,560

114,757

112,478

111,653

110,892

192,879

204,286

198,502

184,210

169,943

169,582

195,148

202,587

212,293

213,971

219,624

225,167

232,849

238,004

242,598

246,539

274,223

277,395

282,045

290,166

296,028

302,906

302,039

306,055

-

-

0

Other assets

32,813

33,729

32,148

29,503

25,759

24,144

27,546

23,637

20,647

20,007

15,059

15,761

13,950

17,319

2,779

3,311

9,247

9,603

9,300

8,694

8,361

7,748

7,938

1,450

1,708

1,882

1,970

2,158

3,672

3,826

4,029

3,690

3,350

3,038

3,035

2,636

3,201

Total assets

1,339,629

1,364,700

1,332,434

1,354,503

1,335,719

1,259,488

909,710

870,402

887,724

858,681

934,619

941,396

934,126

935,666

955,288

960,718

750,933

784,566

795,661

691,155

677,955

674,460

592,637

592,645

596,701

642,749

534,986

547,030

548,549

547,389

537,486

547,638

560,114

566,215

232,555

235,907

260,392

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable

32,789

42,366

47,158

38,249

43,690

53,262

26,256

36,999

31,543

29,766

33,070

23,045

39,014

30,751

27,345

49,700

46,943

42,798

37,944

36,751

30,652

42,564

43,164

40,684

35,565

49,867

39,483

43,554

52,877

74,028

50,626

58,107

53,632

66,214

48,162

46,907

37,128

Accrued expenses

118,907

137,589

116,488

120,750

86,057

87,370

99,232

79,563

74,123

85,706

76,163

84,170

82,713

109,195

103,990

79,135

72,427

96,127

86,564

73,996

76,805

84,322

74,255

76,406

75,953

81,127

75,669

73,086

57,968

55,787

55,614

59,802

67,476

69,526

85,893

75,164

89,407

Deferred revenue, current portion

61,022

59,464

61,105

59,704

53,628

53,447

27,509

28,440

28,874

30,255

31,332

31,157

31,172

32,442

31,862

33,070

31,785

32,605

34,330

34,616

34,434

35,570

35,392

35,666

36,264

36,899

35,051

35,397

34,783

35,803

36,992

36,892

37,377

38,778

40,891

41,576

43,397

Operating lease liabilities, current portion

11,917

12,477

13,260

13,136

13,909

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Liabilities, Current

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of notes payable

-

-

0

0

10,000

10,000

10,000

18,750

18,750

18,750

18,750

18,750

18,750

18,750

18,750

18,750

15,000

15,000

15,000

20,000

20,000

20,000

20,000

23,333

23,333

23,333

23,333

23,333

23,333

28,333

28,333

28,333

28,333

28,333

28,333

10,000

20,000

Total current liabilities

224,635

251,896

238,011

231,839

207,284

204,079

162,997

163,752

153,290

164,477

159,521

158,143

173,833

194,426

186,279

185,270

170,676

190,928

178,149

168,989

165,384

185,821

176,051

179,208

174,117

194,115

176,315

178,043

171,532

196,422

173,940

185,416

189,010

204,955

220,298

175,585

191,715

Indebtedness under revolving credit facility

265,500

220,500

235,500

248,000

466,500

425,000

114,000

116,000

146,000

141,000

182,000

214,000

224,000

209,000

229,000

239,000

109,000

119,000

149,000

87,000

87,000

67,000

0

55,000

55,000

75,000

-

-

-

0

-

-

-

-

15,000

-

-

Convertible senior notes, net

280,111

276,658

273,265

269,924

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable, net of debt related costs and current portion

-

-

-

-

81,765

-

86,672

63,560

68,165

72,765

77,361

81,953

86,541

91,124

95,702

100,277

72,749

76,392

80,031

60,000

65,000

69,032

75,000

11,667

17,500

23,333

29,167

35,000

40,833

14,167

21,250

28,333

35,417

42,500

49,583

115,987

173,004

Operating lease liabilities

28,018

45,722

47,872

43,999

46,982

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt

-

-

0

0

-

84,228

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

392

-

531

592

791

851

791

769

798

855

837

797

387

436

497

551

626

730

826

933

1,069

1,203

1,308

1,348

1,784

Capital lease obligations, net of current maturities

-

-

-

-

-

-

-

-

-

-

-

46

81

-

226

1,067

2,265

3,363

4,484

4,959

5,912

6,836

7,732

8,585

9,406

10,201

10,972

11,704

12,408

13,090

13,750

14,377

14,978

15,561

16,126

16,659

17,665

Other liabilities

2,652

2,862

3,021

3,099

3,046

10,413

8,147

7,978

8,071

7,541

6,123

5,084

3,931

4,575

2,816

19,436

2,940

5,291

4,809

2,240

1,998

1,419

1,676

1,660

1,644

1,628

1,612

1,596

1,581

1,565

2,505

2,480

2,454

2,429

0

1,281

5,871

Total liabilities

800,916

797,638

797,669

796,861

805,577

723,720

371,816

351,290

375,526

385,783

425,005

459,226

488,778

499,125

514,554

545,642

358,421

395,825

417,264

323,957

326,092

330,963

261,296

256,917

258,054

304,713

218,563

226,894

226,980

225,974

212,271

231,539

242,928

266,648

287,315

310,860

390,039

Commitments and Contingencies (Note 9)

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-587

-440

-38

233

-

-

0

-

-

-

-

-

-

-

Stockholders’ Equity:
Common stock, par value $0.001 per share; 596,950 shares authorized at March 31, 2020, and December 31, 2019

320

316

315

314

314

310

310

309

306

298

295

294

289

282

283

281

272

270

269

269

266

264

253

253

251

247

238

237

234

230

230

229

228

228

228

227

223

Additional paid-in capital

1,506,664

1,494,469

1,481,077

1,464,742

1,424,173

1,415,682

1,405,991

1,396,407

1,384,718

1,375,391

1,359,975

1,349,356

1,331,062

1,310,847

1,294,600

1,280,998

1,231,714

1,224,947

1,216,326

1,206,704

1,192,973

1,184,662

1,157,473

1,151,033

1,144,415

1,136,289

1,104,831

1,099,085

1,092,447

1,088,186

1,085,180

1,081,173

1,077,605

1,074,488

1,070,628

1,065,920

1,053,805

Accumulated deficit

-634,764

-631,009

-628,634

-607,537

-612,061

-611,985

-605,042

-614,630

-623,189

-672,561

-617,288

-627,890

-632,715

-641,869

-637,114

-646,192

-647,089

-655,020

-658,426

-661,859

-670,206

-677,675

-683,279

-687,835

-693,353

-697,941

-701,529

-705,736

-713,183

-726,230

-739,063

-752,276

-748,936

-762,857

-1,113,003

-1,129,040

-1,171,901

Treasury stock, at cost

318,791

306,043

305,381

304,031

293,575

275,009

274,336

271,890

270,759

244,239

243,594

243,229

242,762

219,125

217,040

216,647

190,708

179,779

177,979

176,066

169,321

159,775

140,140

126,597

111,278

101,040

89,120

74,335

59,877

43,343

24,271

15,119

14,544

14,529

14,526

14,282

13,139

Accumulated other comprehensive (loss) income

-14,716

9,329

-12,612

4,154

11,291

6,770

10,971

8,916

21,122

14,009

10,226

3,639

-10,526

-13,594

5

-3,364

-1,677

-1,677

-1,793

-1,850

-1,849

-3,131

-2,226

-539

-948

519

1,770

885

1,948

2,572

3,139

2,092

2,833

2,237

1,913

2,222

1,365

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-848

-740

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total stockholders’ equity

538,713

567,062

534,765

557,642

530,142

535,768

537,894

519,112

512,198

472,898

509,614

482,170

445,348

436,541

440,734

415,076

392,512

388,741

378,397

367,198

351,863

343,497

331,341

336,315

339,087

338,074

316,190

320,136

321,569

321,415

325,215

316,099

317,186

299,567

-54,760

-74,953

-129,647

Total liabilities and stockholders’ equity

1,339,629

1,364,700

1,332,434

1,354,503

1,335,719

1,259,488

909,710

870,402

887,724

858,681

934,619

941,396

934,126

935,666

955,288

960,718

750,933

784,566

795,661

691,155

677,955

674,460

592,637

592,645

596,701

642,749

534,986

547,030

548,549

547,389

537,486

547,638

560,114

566,215

232,555

235,907

260,392

Capital Lease Obligations, Current

-

-

-

-

-

0

-

-

-

-

206

1,021

2,184

3,288

4,332

4,615

4,521

4,398

4,311

3,626

3,493

3,365

3,240

3,119

3,002

2,889

2,779

2,673

2,571

2,471

2,375

2,282

2,192

2,104

2,019

1,938

1,783