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Ribbon Communications Inc. (RBBN)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K/A10-K
Revenue:          
Total revenue  819.8845.0843.8563.1577.9329.9252.6249.0
            Total revenue growth  -3.0%0.1%49.8%-2.6%75.2%30.6%1.4% 
Cost of revenue:          
Total cost of revenue  418.8400.3393.0246.0230.6128.485.0 
    Gross profit  400.9444.7450.8317.1347.3201.5167.6161.7
            Gross margin  48.9%52.6%53.4%56.3%60.1%61.1%66.4%64.9%
   
Operating expenses:          
Research and development  203.7194.9194.5141.1145.5101.572.877.9
Sales and marketing  147.8150.3139.3106.3117.583.468.572.8
General and administrative  51.153.763.353.966.047.635.939.8
Amortization of acquired intangible assets  29.628.318.611.7    
Acquisition-, disposal- and integration-related  6.37.617.213.017.014.81.20.1
Restructuring and related  10.811.716.216.417.09.42.72.1
    Total operating expenses  449.3562.5449.1506.5412.7256.7181.2192.9
    Loss from operations  -48.3-117.81.7-189.5-65.4-55.2-13.6-31.2
            Operating margin  -5.9%-13.9%0.2%-33.6%-11.3%-16.7%-5.4%-12.5%
Interest expense, net  -19.8-15.8-21.0-3.9-4.20.30.80.2
Other (expense) income, net  -44.5-74.5112.770.4-3.81.31.41.1
    Loss before income taxes  -112.6-208.193.3-122.9    
Income tax provision  14.531.0-4.7-7.2-3.418.4-2.5-2.0
    Net loss  -98.1-177.288.6-130.1-76.8   
   
Loss per share:          
Basic (in dollars per share)  ($0.63)($1.20)$0.64($1.19)($0.74)($0.60)($0.28)($0.64)
Diluted (in dollars per share)  ($0.63)($1.20)$0.61($1.19)($0.74)($0.60)($0.28)($0.64)
   
Weighted average shares used to compute loss per share:          
Basic (in shares)  156.7147.6139.0109.7103.958.849.449.6
Diluted (in shares)  156.7147.6144.7109.7103.958.849.449.6

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