← RingCentral, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($29.3m) | ($26.1m) | ($26.2m) | ($53.6m) | ($83.0m) | ($376.2m) | ($879.2m) | ($165.2m) | ($58.3m) | $43.4m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($26.2m) | — | — | — | — | — | — | — | |
| Depreciation and amortization | $14.7m | $16.2m | $23.3m | $37.9m | $75.6m | $125.3m | $246.6m | $233.9m | $222.6m | $222.6m | |
| Amortization of Debt Issuance Costs | — | $0 | $15.9m | $20.3m | $49.0m | $3.1m | $4.5m | $4.6m | $4.3m | $4.6m | |
| Amortization of Debt Issuance Costs and Discounts | — | $0 | $15.9m | $20.3m | $49.0m | $64.1m | $4.5m | $4.6m | $4.3m | $4.6m | |
| Amortization of Intangible Assets | — | $800k | $4.4m | $10.7m | $35.8m | $66.4m | $174.5m | $151.1m | $136.5m | $135.4m | |
| Depreciation | $14.7m | $16.2m | $23.3m | $27.2m | $39.8m | $58.9m | $72.0m | $82.9m | $86.1m | $87.2m | |
| Deferred Income Tax Expense (Benefit) | ($36k) | ($47k) | ($303k) | ($3.9m) | ($660k) | ($1.8m) | ($701k) | $631k | ($3.6m) | $2.2m | |
| Share-based Payment Arrangement, Noncash Expense | $30.8m | $42.1m | $68.1m | $101.4m | $189.6m | $358.0m | $386.0m | $426.7m | $339.1m | $269.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $255k | $3.7m | $7.2m | $14.7m | $36.7m | $21.5m | $7.6m | $9.1m | $6.0m | $12.6m | |
| Share-based Payment Arrangement, Expense | $30.8m | $42.1m | $68.1m | $101.4m | $189.6m | $358.0m | $386.0m | $426.7m | $339.1m | $269.7m | |
| Gain (Loss) on Extinguishment of Debt | — | — | $0 | $0 | ($13.3m) | ($1.7m) | $0 | $53.4m | $0 | ($5.0m) | |
| Income Tax Expense (Benefit) | $236k | $258k | $140k | ($3.3m) | $934k | $2.5m | $5.1m | $8.4m | $11.1m | $12.8m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $65.0m | $60.3m | |
| Other Nonoperating Income (Expense) | ($2.4m) | $1.5m | $6.5m | — | — | ($7.6m) | ($219.8m) | $78.0m | $15.1m | ($4.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $11.7m | $16.8m | $47.9m | $37.2m | $52.0m | $64.9m | $87.8m | $57.8m | $30.5m | $13.8m | |
| Increase (Decrease) in Inventories | ($2.3m) | — | — | — | — | — | — | — | — | — | |
| Increase (Decrease) in Accounts Payable | $1.5m | $176k | $2.8m | $21.8m | $21.9m | $17.9m | ($6.2m) | ($21.2m) | ($29.8m) | $4.1m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $648k | $1.7m | $3.1m | $2.9m | $5.9m | $8.1m | $9.4m | $6.9m | $8.7m | $17.5m | |
| Purchases of property and equipment, accrued but unpaid | $14.2m | $19.5m | $27.1m | $27.8m | $43.6m | $29.0m | $32.7m | $23.5m | $25.0m | $30.1m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | ($1.4m) | ($5.4m) | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $666k | ($951k) | $105k | $3.0m | — | — | — | — | — | |
| General and Administrative Expense | $55.5m | $72.3m | $102.8m | $142.0m | $200.0m | $284.3m | $292.9m | $333.0m | $266.4m | $258.4m | |
| Goodwill | $9.4m | $9.4m | $31.2m | $55.3m | $57.3m | $55.5m | $54.3m | $67.4m | $83.0m | $97.8m | |
| Nonoperating Income (Expense) | ($3.1m) | $1.4m | ($9.6m) | ($11.3m) | $31.2m | ($71.9m) | ($224.6m) | $42.0m | ($49.9m) | ($64.3m) | |
| Operating Expenses | $313.5m | $407.5m | $532.9m | $717.5m | $973.3m | $1.4b | $2.0b | $1.7b | $1.7b | $1.7b | |
| Restructuring Costs | — | — | — | — | — | — | $18.2m | $20.4m | $12.6m | $18.1m | |
| Unrealized Gain (Loss) on Investments | — | $0 | $0 | $6.6m | $77.2m | ($14.2m) | ($202.3m) | $1.5m | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $29.7m | $41.2m | $72.1m | $64.8m | ($35.2m) | $152.2m | $191.3m | $399.7m | $483.3m | $617.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $14.2m | $19.5m | $27.1m | $27.8m | $43.6m | $29.0m | $32.7m | $23.5m | $25.0m | $30.1m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $26.4m | $27.9m | $0 | $0 | — | $14.7m | $26.3m | $20.8m | |
| Payments to Acquire Investments | — | — | — | $135.6m | $0 | $11.9m | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($16.4m) | ($26.4m) | ($83.4m) | ($296.8m) | ($107.7m) | ($396.8m) | ($87.2m) | ($90.4m) | ($109.4m) | ($108.0m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | — | — | — | — | — | — | — | $10.0m | $20.0m | — | |
| Payments for Repurchase of Common Stock | — | $0 | $15.0m | $0 | $0 | $0 | $99.8m | $311.1m | $322.4m | $334.4m | |
| Net Cash Provided by (Used in) Financing Activities | $9.3m | $6.8m | $397.3m | $9.0m | $437.6m | ($127.1m) | ($98.2m) | ($358.0m) | ($351.1m) | ($623.4m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $127k | — | — | $169k | $1.5m | ($962k) | ($3.1m) | $1.0m | ($2.2m) | $3.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $22.8m | $20.8m | $385.1m | ($222.7m) | $296.2m | ($372.7m) | $2.8m | ($47.8m) | $20.6m | ($110.2m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $22.8m | $20.8m | $385.1m | $343.6m | $639.9m | $267.2m | $270.0m | $222.2m | $242.8m | $132.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $711k | $116k | $40k | $189k | $220k | $309k | $347k | $16.6m | $59.0m | $54.0m | |
| Income Taxes Paid, Net | $229k | $216k | $433k | $996k | $870k | $1.4m | $3.7m | $10.9m | $17.8m | $12.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.