Rackspace Technology Inc
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
RXT$2.68-1.5%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
| (In millions, except per share data) | December 31,2022 | December 31,2023 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $228.4 | $196.8 |
| Accounts receivable, net of allowance for credit losses and accrued customer credits of $24.6 and $20.1, respectively | 622.2 | 339.7 |
| Prepaid expenses | 97.3 | 87.4 |
| Other current assets | 125.3 | 114.2 |
| Total current assets | 1,073.2 | 738.1 |
| Property, equipment and software, net | 628.3 | 608.8 |
| Goodwill, net | 2,155.1 | 1,452.4 |
| Intangible assets, net | 1,236.0 | 1,019.0 |
| Operating right-of-use assets | 138.0 | 126.3 |
| Other non-current assets | 226.1 | 151.6 |
| Total assets | $5,456.7 | $4,096.2 |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $447.3 | $432.7 |
| Accrued compensation and benefits | 95.3 | 72.2 |
| Deferred revenue | 80.9 | 78.8 |
| Debt | 23.0 | 23.0 |
| Accrued interest | 36.3 | 20.5 |
| Operating lease liabilities | 60.0 | 66.0 |
| Finance lease liabilities | 61.7 | 55.8 |
| Financing obligations | 16.7 | 14.0 |
| Other current liabilities | 35.3 | 36.5 |
| Total current liabilities | 856.5 | 799.5 |
| Non-current liabilities: | ||
| Debt | 3,295.4 | 2,839.6 |
| Operating lease liabilities | 84.8 | 74.6 |
| Finance lease liabilities | 310.5 | 308.0 |
| Financing obligations | 47.6 | 52.4 |
| Deferred income taxes | 126.7 | 79.2 |
| Other non-current liabilities | 105.7 | 97.4 |
| Total liabilities | 4,827.2 | 4,250.7 |
| Commitments and Contingencies (Note 10) | ||
| Stockholders' equity (deficit): | ||
| Preferred stock, $0.01 par value per share: 5.0 shares authorized; no shares issued or outstanding | — | — |
| Common stock, $0.01 par value per share: 1,495.0 shares authorized; 215.7 and 220.5 shares issued; 212.6 and 217.4 shares outstanding, respectively | 2.2 | 2.2 |
| Additional paid-in capital | 2,573.3 | 2,638.2 |
| Accumulated other comprehensive income | 71.4 | 60.3 |
| Accumulated deficit | (1,986.4) | (2,824.2) |
| Treasury stock, at cost; 3.1 shares held | (31.0) | (31.0) |
| Total stockholders' equity (deficit) | 629.5 | (154.5) |
| Total liabilities and stockholders' equity (deficit) | $5,456.7 | $4,096.2 |
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