Ribbon Communications Inc

For the period ended Jun 30, 2024. Filed Jul 29, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 29, 2024

RBBN$1.44+6.7%Stored close · as of Nov 9, 2026

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Contents

Financial Statements Condensed Consolidated Balance Sheets as of and December 31, 2023 (unaudited)

Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)

	June 30,2024	December 31,2023
Assets
Current assets:
Cash and cash equivalents	$64,558	$26,494
Restricted cash	2,850	136
Accounts receivable, net	210,954	268,421
Inventory	79,216	77,521
Other current assets	46,576	46,146
Total current assets	404,154	418,718
Property and equipment, net	40,824	41,820
Intangible assets, net	212,052	238,087
Goodwill	300,892	300,892
Deferred income taxes	78,067	69,761
Operating lease right-of-use assets	33,901	39,783
Other assets	35,562	35,092
	$1,105,452	$1,144,153
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of term debt	$3,500	$35,102
Accounts payable	64,333	85,164
Accrued expenses and other	92,847	91,687
Operating lease liabilities	12,347	15,739
Deferred revenue	99,547	113,381
Total current liabilities	272,574	341,073
Long-term debt, net of current	333,979	197,482
Warrant liability	6,170	5,295
Preferred stock liability, $0.01 par value per share; 10,000,000 shares authorized, none issued and outstanding at June 30, 2024; 55,000 shares issued and outstanding at December 31, 2023 ($56,650 liquidation preference)	—	53,337
Operating lease liabilities, net of current	34,858	38,711
Deferred revenue, net of current	16,632	19,218
Deferred income taxes	5,616	5,616
Other long-term liabilities	30,601	30,658
Total liabilities	700,430	691,390
Commitments and contingencies (Note 19)
Stockholders' equity:
Common stock, $0.0001 par value per share; 240,000,000 shares authorized; 174,437,242 shares issued and outstanding at June 30, 2024; 172,083,667 shares issued and outstanding at December 31, 2023	17	17
Additional paid-in capital	1,964,304	1,958,909
Accumulated deficit	(1,567,127)	(1,519,950)
Accumulated other comprehensive income	7,828	13,787
Total stockholders' equity	405,022	452,763
	$1,105,452	$1,144,153

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.