Company name:

RingCentral Inc

  • IPO SHARE PRICE:
    $13.00
  • IPO DATE:
    September 27, 2013
  • TICKER:
    RNG
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    20 Davis Drive Belmont California 94002
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

RingCentral Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
33.5% - Stock-based compensation
13.4% - Depreciation and amortization
11.0% - Accrued liabilities
8.7% - Amortization of debt original issue discount and issuance cost
8.3% - Amortization of deferred and prepaid sales commission costs
6.2% - Deferred revenue
3.9% - Accounts payable
2.8% - Reduction of operating lease right-of-use assets
2.5% - Other liabilities
2.3% - (Gain) loss on repayment of debt
1.0% - Provision for (recovery of) bad debt expense
0.1% - Other
0.0% - Other assets
SOURCEs
6.2% 13.4% 8.3% 6.2% 11.0% 3.9% 8.7% 33.5%
100 %
0%
USES
9.2% 6.2% 48.6% 3.7% 14.3% 14.7%
48.6% - Deferred and prepaid sales commission costs
14.7% - Net income (loss)
14.3% - Unrealized gain or loss on investments
9.2% - Accounts receivable
6.2% - Repayment of convertible senior notes attributable to debt discount
3.7% - Prepaid expenses and other assets
2.7% - Operating lease liabilities
0.5% - (Gain) loss on foreign currency
0.1% - Deferred income taxes
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($26,203) ($53,607) ($82,996) ($82,996) ($7,308)
Depreciation and amortization
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 23,273 37,870 75,612 75,612 88,196
Reduction of operating lease right-of-use assets
-
-
-
-
-
-
-
 - 13,256 15,712 15,712 16,936
Amortization of deferred sales commission costs
-
-
-
-
-
$45,679
$45,679
 19,754 30,134 - - -
Amortization of deferred and prepaid sales commission costs Amortization of deferred and prepaid sales commission costs
-
-
-
-
-
-
-
 19,754 30,134 47,207 47,207 56,588
Amortization of debt original issue discount and issuance cost Amortization of debt original issue discount and issuance cost
-
-
-
-
-
$45,679
$45,679
 15,918 20,337 49,031 49,031 65,672
Stock-based compensation
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 68,088 101,354 189,600 189,600 208,760
(Recovery of) provision for doubtful accounts
-
-
$45,679
-
-
-
-
 - - - - -
Provision for (recovery of) bad debt expense
-
-
-
$45,679
$45,679
$45,679
$45,679
 3,091 2,949 5,936 5,936 8,108
Interest and debt-related expenses
$45,679
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
Repayment of convertible senior notes attributable to debt discount Repayment of convertible senior notes attributable to debt discount
-
-
-
-
-
-
-
 - - (35,020) (35,020) (9,520)
Net accretion of discounts and amortization of premiums on available-for-sale securities Net accretion of discounts and amortization of premiums on available-for-sale securities
-
-
$45,679
$45,679
$45,679
-
-
 - - - - -
Tax benefit from release of valuation allowance
-
-
$45,679
$45,679
$45,679
-
-
 - (3,210) - - -
Deferred income taxes
-
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (303) (737) (499) (499) (928)
Impairment of fixed assets
-
-
$45,679
$45,679
$45,679
-
-
 - - - - -
(Gain) loss on sale of assets
$45,679
$45,679
$45,679
-
-
-
-
 - - - - -
(Gain) loss on investments
-
-
-
-
-
-
-
 - 3,369 - - -
(Gain) loss on repayment of debt
-
-
-
-
-
-
-
 - - 13,284 13,284 3,844
Unrealized gain or loss on investments
-
-
-
-
-
-
-
 - 3,369 (80,988) (80,988) (158,140)
(Gain) loss on foreign currency
-
-
-
$45,679
$45,679
$45,679
$45,679
 951 (105) (2,954) (2,954) (12,068)
Accounts receivable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (47,877) (37,163) (51,980) (51,980) (97,912)
Deferred and prepaid sales commission costs
-
-
-
-
-
-
$45,679
 (45,232) (102,303) (274,908) (274,908) (364,652)
Inventory
$45,679
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Prepaid expenses and other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (342) (1,575) (20,878) (20,878) (25,060)
Other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 279 764 266 266 (224)
Accounts payable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 2,783 21,753 21,916 21,916 66,944
Accrued liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 33,695 27,095 62,451 62,451 83,684
Deferred sales commissions
-
-
-
-
-
$45,679
$45,679
 (45,232) - - - -
Deferred revenue
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 24,780 18,845 34,851 34,851 58,892
Operating lease liabilities
-
-
-
-
-
-
-
 - (13,830) (15,362) (15,362) (17,372)
Other
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
 614 240 512 512 1,236
Other liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,139) (590) 14,016 14,016 24,388
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $72,130 $64,846 ($35,191) ($35,191) ($9,936)
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
SOURCEs
0%
100 %
0%
USES
35.4% 40.5% 24.1%
40.5% - (Purchase) sale of property and equipment
35.4% - Capitalized internal-use software development costs
24.1% - Purchases of intangible assets
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Purchases) sales of restricted securities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - -
(Purchases) sale of available-for-sale securities
-
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Maturities of available-for-sale securities
-
-
$45,679
$45,679
$45,679
-
-
 - - - - -
(Purchases) sale of a long-term investment
-
-
-
-
-
-
-
 - (135,557) - - -
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (27,123) (27,767) (43,618) (43,618) (38,504)
Purchases of intangible assets
-
-
-
-
-
$45,679
$45,679
 (18,470) (89,060) (25,955) (25,955) (103,820)
Capitalized internal-use software development costs
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
 (11,421) (16,526) (38,113) (38,113) (40,256)
Business combinations net of cash
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
 (26,434) (27,870) - - -
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($83,448) ($296,780) ($107,686) ($107,686) ($182,580)
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
97.5% - Issuance of senior convertible notes
2.5% - Proceeds from issuance of stock upon exercise of stock options
SOURCEs
97.5%
100 %
0%
USES
26.2% 65.1% 6.2%
65.1% - Partial repurchase of convertible senior notes
6.2% - Purchase of capped calls
2.2% - Employee withholding taxes paid on share-based compensation
0.2% - Acquisition-related contingent consideration payments
0.1% - Repayment of financing obligations
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) net
$45,679
-
-
-
-
-
-
 - - - - -
Public equity offering
-
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Issuance of preferred stock
$45,679
$45,679
-
-
-
-
-
 - - - - -
Proceeds from issuance of stock upon exercise of stock options Proceeds from issuance of stock upon exercise of stock options
-
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 20,621 29,827 41,230 41,230 68,428
Proceeds from issuance of common stock upon exercise of stock options and warrants Proceeds from issuance of common stock upon exercise of stock options and warrants
$45,679
-
-
-
-
-
-
 - - - - -
Proceeds from issuance of preferred stock warrants
$45,679
$45,679
$45,679
-
-
-
-
 - - - - -
Offering costs
-
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Issuance of senior convertible notes
-
-
-
-
-
$45,679
$45,679
 449,457 - 1,627,177 1,627,177 (128)
Partial repurchase of convertible senior notes
-
-
-
-
-
-
-
 - - (1,086,268) (1,086,268) (265,820)
Repayment of debt
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - -
Borrowing
$45,679
$45,679
$45,679
-
-
-
-
 - - - - -
Repayment of financing obligations
-
-
-
-
-
-
$45,679
 (741) (943) (1,489) (1,489) (1,096)
Repayment of capital leases and financing obligations
-
-
-
-
-
$45,679
$45,679
 (741) - - - -
Repayments of capital leases
$45,679
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
Acquisition-related contingent consideration payments
-
-
-
-
-
-
-
 - (5,176) (3,648) (3,648) (400)
Business combination contingent consideration payment
-
-
-
-
-
-
-
 - (5,176) - - -
Payment of holdback from Glip acquisition
-
-
-
$45,679
-
$45,679
$45,679
 - - - - -
Employee withholding taxes paid on share-based compensation Employee withholding taxes paid on share-based compensation
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
 (7,172) (14,666) (36,717) (36,717) (36,076)
Repurchases of common stock
-
-
-
-
-
$45,679
$45,679
 (15,000) - - - -
Purchase of capped calls
-
-
-
-
-
$45,679
$45,679
 (49,910) - (102,695) (102,695) -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $397,255 $9,042 $437,590 $437,590 ($235,092)
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$296,247,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $181,192 $566,329 $343,606 - $2,982,232
Effect of changes in foreign exchange rates on cash
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (800) 169 1,534 - 4,788
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 385,137 (222,723) 296,247 - (422,820)
Cash and equivalents - End of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $566,329 $343,606 $639,853 - $2,559,412