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Ribbon Communications Inc. RBBN Cumulative Gross Losses and Impairments

Discontinued — last reported Q2 '24

Cumulative Gross Losses and Impairments at other companies

Liberty Latin America logo
Liberty Latin AmericaLILA
$3.3B0.0%

Segments

By segment

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Cloud And Edge$167.41M0.0%
IP Optical Networks$116M0.0%

Other financials

Income statement

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Revenue$192.3M-12.8%
Gross profit$90.3M-17.3%
Operating income-$12.2M-389%
Net income-$26.9M-142%
EPS (diluted)-$0.15-150%

Balance sheet

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Cash & equivalents$43.5M-28.0%
Total debt$397.0M-3.0%
Total equity$392.6M+6.0%
Total assets$1.2B+2.0%

Cash flow

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Operating cash flow-$11.5M-1,347%
CapEx$4.3M-24.4%
Free cash flow-$15.8M-144%

Valuation

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Market cap$366.59M-48.5%
Enterprise value$699.4M-32.1%
P/E23.5×
P/S0.5×-0.4×

Profitability

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Gross margin48.8%-2.3pp
Operating margin2.4%+2.3pp
Net margin2%
FCF margin0.9%0.0pp

Returns & leverage

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Return on equity4.1%
Debt / equity-0.1×
Current ratio1.3×-0.1×

Where this comes from

Reported directly by Ribbon Communications Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: Ribbon Communications Inc.’s 10-Q, filed July 29, 2024.

Filed
Jul 29, 2024
Fiscal quarter
Q2 FY2024
Calendar quarter
Q2 2024
Accession
0001708055-24-000010
Line itemCloud and EdgeIP Optical NetworksTotal
Goodwill$392,302$191,996$584,298
Accumulated impairment losses(167,406)(116,000)(283,406)
$224,896$75,996$300,892

Item 1. Financial Statements

FAQ

What is Ribbon Communications Inc.'s cumulative gross losses and impairments?
Ribbon Communications Inc. (RBBN) reported cumulative gross losses and impairments of $283.41M in Q2 2024.
How has Ribbon Communications Inc.'s cumulative gross losses and impairments changed year-over-year?
Ribbon Communications Inc.'s cumulative gross losses and impairments decreased by 0.0% year-over-year, from $283.41M to $283.41M.
What does cumulative gross losses and impairments mean?
This metric aggregates all unrealized losses and recognized impairment charges on investment securities that have not yet been realized through a sale. It provides a comprehensive view of the negative valuation adjustments impacting the bank's equity. It is a key indicator of the credit and market risk embedded in the bank's long-term holdings.

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