Ribbon Communications Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
RBBN$1.40-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
(in thousands, except share and per share data)
| December 31,2023 | December 31,2022 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $26,630 | $67,262 |
| Accounts receivable, net | 268,421 | 267,244 |
| Inventory | 77,521 | 75,423 |
| Other current assets | 46,146 | 68,057 |
| Total current assets | 418,718 | 477,986 |
| Property and equipment, net | 41,820 | 44,832 |
| Intangible assets, net | 238,087 | 294,728 |
| Goodwill | 300,892 | 300,892 |
| Deferred income taxes | 69,761 | 53,649 |
| Operating lease right-of-use assets | 39,783 | 44,888 |
| Other assets | 35,092 | 38,589 |
| $1,144,153 | $1,255,564 | |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Current portion of term debt | $35,102 | $20,058 |
| Accounts payable | 85,164 | 95,810 |
| Accrued expenses and other | 91,687 | 85,270 |
| Operating lease liabilities | 15,739 | 15,416 |
| Deferred revenue | 113,381 | 113,939 |
| Total current liabilities | 341,073 | 330,493 |
| Long-term debt, net of current | 197,482 | 306,270 |
| Warrant liability | 5,295 | — |
| Preferred stock liability, $0.01 par value per share; 10,000,000 shares authorized, 55,000 shares issued and outstanding at December 31, 2023 ($56,650 liquidation preference); none issued and outstanding at December 31, 2022 | 53,337 | — |
| Operating lease liabilities, net of current | 38,711 | 46,183 |
| Deferred revenue, net of current | 19,218 | 19,254 |
| Deferred income taxes | 5,616 | 3,750 |
| Other long-term liabilities | 30,658 | 31,187 |
| Total liabilities | 691,390 | 737,137 |
| Commitments and contingencies (Note 26) | ||
| Stockholders' equity: | ||
| Common stock, 240,000,000 shares authorized, $0.0001 par value, 172,083,667 shares issued and outstanding at December 31, 2023; 168,324,995 shares issued and outstanding at December 31, 2022 | 17 | 17 |
| Additional paid-in capital | 1,958,909 | 1,941,569 |
| Accumulated deficit | (1,519,950) | (1,453,744) |
| Accumulated other comprehensive income | 13,787 | 30,585 |
| Total stockholders' equity | 452,763 | 518,427 |
| $1,144,153 | $1,255,564 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.