RingCentral Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
RNG$72.78+1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except par value per share)
| December 31,2023 | December 31,2022 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $222,195 | $269,984 |
| Accounts receivable, net | 364,438 | 311,318 |
| Deferred and prepaid sales commission costs | 184,620 | 158,865 |
| Prepaid expenses and other current assets | 77,396 | 55,849 |
| Total current assets | 848,649 | 796,016 |
| Property and equipment, net | 184,390 | 185,400 |
| Operating lease right-of-use assets | 42,989 | 35,433 |
| Deferred and prepaid sales commission costs, non-current | 395,724 | 438,579 |
| Goodwill | 67,370 | 54,335 |
| Acquired intangibles, net | 393,767 | 528,051 |
| Other assets | 12,024 | 35,848 |
| Total assets | $1,944,913 | $2,073,662 |
| Liabilities, Temporary Equity, and Stockholders’ Deficit | ||
| Current liabilities | ||
| Accounts payable | $53,295 | $62,721 |
| Accrued liabilities | 325,632 | 380,113 |
| Current portion of long-term debt, net | 20,000 | — |
| Deferred revenue | 233,619 | 209,725 |
| Total current liabilities | 632,546 | 652,559 |
| Long-term debt, net | 1,525,482 | 1,638,411 |
| Operating lease liabilities | 28,178 | 20,182 |
| Other long-term liabilities | 61,827 | 45,848 |
| Total liabilities | 2,248,033 | 2,357,000 |
| Commitments and contingencies (Note 10) | ||
| Series A convertible preferred stock, $0.0001 par value; 200 shares authorized at December 31, 2023 and 2022; 200 shares issued and outstanding at December 31, 2023 and 2022 | 199,449 | 199,449 |
| Stockholders’ deficit | ||
| Class A common stock, $0.0001 par value; 1,000,000 shares authorized at December 31, 2023 and 2022; 83,543 and 85,461 shares issued and outstanding at December 31, 2023 and 2022 | 8 | 9 |
| Class B common stock, $0.0001 par value; 250,000 shares authorized at December 31, 2023 and 2022; 9,924 and 9,924 shares issued and outstanding at December 31, 2023 and 2022 | 1 | 1 |
| Additional paid-in capital | 1,204,781 | 1,059,880 |
| Accumulated other comprehensive loss | (8,223) | (8,781) |
| Accumulated deficit | (1,699,136) | (1,533,896) |
| Total stockholders’ deficit | (502,569) | (482,787) |
| Total liabilities, temporary equity and stockholders’ deficit | $1,944,913 | $2,073,662 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.