Try Alerts Free   |   Login
Technology › Services-Business Services, Nec

LLNW Price Correlated With Financials For Limelight Networks

Free historical financial statements for Limelight Networks Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 41 quarters since 2012. Compare with LLNW stock chart to see long term trends.

LLNW Stock Compared to Quarterly

LLNW Income Statement

Revenue, Net:57959000
Revenue Per Share:0.4194
Cost of Goods & Services Sold:40159000
Gross Profit:17800000
Selling, General & Admin Expense:15833000
Research & Development Expense:9577000
Total Operating Expenses:34767000
Operating Income:-18966000
Income Taxes:868000
Net Income:-19172000
Earnings Per Share, Basic:-0.14
Shares Outstanding, Basic Avg:138193658

LLNW Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:6121000
Change in Accounts Receiveable:13095000
Net Cash from Operations:-18471000
Net Cash from Operations Per Share:-0.1337
Net Cash from Financing Activities:6701000
Property, Plant & Equipment Purchases:5350000
Purchases of Businesses, Net of Cash:-492000
Net Cash from Investing Activities:-2610000
Net Change in Cash & Equivalents:-14743000

LLNW Balance Sheet

Cash and Cash Equivalents:27175000
Short-Term Investments:34751000
Accounts Receivable, Net:55040000
Total Current Assets:133073000
Property, Plant & Equipment, Net:34792000
Total Assets:307860000
Accounts Payable:15599000
Total Short-Term Liabilities:40160000
Total Liabilities:172666000

Insider Trading

SEC Form 4
Lyons Bob   CEO
55,501 sh at $4
68,100 sh at $4
Summary of Significant Accounting Policies Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP). The consolidated financial statements include accounts of Limelight and our wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated. In addition, certain other reclassifications have been made to prior period amounts to conform to the current period presentation.

Use of Estimates

The preparation of the consolidated financial statements and related disclosures in conformity with U.S. GAAP requires management to make judgments, assumptions, and estimates that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results and outcomes may differ from those estimates. The results of operations presented in this Annual Report on Form 10-K are not necessarily indicative of the results that may be expected for the year ending December 31, 2022, or for any future periods.

Foreign Currency Translation

The functional currency of our international subsidiaries is the local currency. We translate assets and liabilities of foreign subsidiaries, whose functional currency is their local currency, at exchange rates in effect at the balance sheet date. We translate revenue and expenses at the monthly average exchange rates. We include accumulated net translation adjustments in stockholders’ equity as a component of accumulated other comprehensive income (loss).

Due to changes in exchange rates between reporting periods and changes in certain account balances, the foreign currency translation adjustment will change from period to period. During the years ended December 31, 2021, 2020, and 2019, we recorded foreign currency translation gains (losses) of $(836), $1,750, and $782, respectively, in our statements of comprehensive income (loss).

Our entities occasionally transact in currencies other than their functional currencies. Assets denominated in foreign currencies other than that of the functional currency of the entity are remeasured at period-end exchange rates. Foreign currency-based revenue and expense transactions are measured at transaction date exchange rates. During the years ended December 31, 2021, 2020, and 2019, we recorded a foreign currency re-measurement gain (loss) of approximately $(953), $(368), and $24, respectively, in other income (expense) in the consolidated statements of operations.

Recent Accounting Standards

Adopted Accounting Standards

In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2019-12 to simplifying the accounting for income taxes. ASU 2019-12 is intended to simplify various aspects related to accounting for income taxes, eliminates certain exceptions to the general principles in the Accounting Standards Codification (ASC) Topic 740 related to intra-period tax allocation, simplifies when companies recognize deferred taxes in an interim period, and clarifies certain aspects of the current guidance to promote consistent application. We adopted this guidance effective January 1, 2021. The adoption of this guidance did not have a material impact on our consolidated financial statements and related disclosures.

In August 2020, the FASB issued ASU 2020-06, which simplifies the accounting for convertible instruments. ASU 2020-06 eliminates certain models that require separate accounting for embedded conversion features, in certain cases. Additionally, among other changes, the guidance eliminates certain of the conditions for equity classification for contracts in an entity’s own equity. ASU 2020-06 also requires entities to use the if-converted method for all convertible instruments in the diluted earnings per share calculation and include the effect of share settlement for instruments that may be settled in cash or shares, except for certain liab

Data imported from Limelight Networks Inc SEC filings. Check original filings before making any investment decision.