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

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
91.8% —

Subscription revenue

8.2% —

Other revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Subscription revenue
-
45,679
-
-
-
-
 465,254 612,888 817,811 1,086,276 1,086,276 1,225,980
Service revenue
$45,679
-
-
-
-
-
 - - - - - -
Product revenue
$45,679
$45,679
$45,679
-
-
-
 - - - - - -
Software subscriptions
-
-
$45,679
$45,679
$45,679
$45,679
 - - - - - -
Other revenue
-
-
-
$45,679
$45,679
$45,679
 38,363 60,736 85,047 97,381 97,381 112,164
Total Revenue
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $503,617 $673,624 $902,858 $1,183,657 $1,183,657 $1,338,144
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
109.6%
49.3% —

Sales and marketing

20.0% —

Cost of subscription revenue

16.9% —

General and administrative

16.0% —

Research and development

7.3% —

Other
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of product
45,679
45,679
45,679
-
-
-
 - - - - - -
Cost of revenues Software subscriptions
-
-
45,679
45,679
45,679
45,679
 - - - - - -
Cost of subscription revenue
-
45,679
-
-
-
-
 89,193 109,454 160,320 236,990 236,990 269,220
Service costs
45,679
-
-
-
-
-
 - - - - - -
Other
-
-
-
45,679
45,679
45,679
 32,078 47,675 70,723 86,617 86,617 95,628
Total cost of revenue
45,679
45,679
45,679
45,679
45,679
45,679
 121,271 157,129 231,043 323,607 323,607 364,848
Gross profit
45,679
45,679
45,679
45,679
45,679
45,679
 $382,346 $516,495 $671,815 $860,050 $860,050 $973,296
Sales and marketing
45,679
45,679
45,679
45,679
45,679
45,679
 240,223 329,116 439,100 583,773 583,773 647,368
Research and development
45,679
45,679
45,679
45,679
45,679
45,679
 75,148 101,042 136,363 189,484 189,484 226,296
General and administrative
45,679
45,679
45,679
45,679
45,679
45,679
 72,313 102,773 142,027 200,032 200,032 214,604
Total operating expenses
45,679
45,679
45,679
45,679
45,679
45,679
 387,684 532,931 717,490 973,289 973,289 1,088,268
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
9.6%
9.6% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($5,338) ($16,436) ($45,675) ($113,239) ($113,239) ($114,972)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
9.4%
6.8% —

Other income

2.6% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
45,679
45,679
45,679
45,679
45,679
 1,392 (9,627) (11,265) 31,177 31,177 108,188
Other income
-
-
-
-
-
-
 1,491 6,475 9,247 80,458 80,458 174,192
Total non-operating income (expense)
45,679
45,679
45,679
45,679
45,679
45,679
 2,883 (3,152) (2,018) 111,635 111,635 282,380
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
0.1%
0.1% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($2,455) ($19,588) ($47,693) ($1,604) ($1,604) $167,408
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
4.2%
0.1% —

Income tax expense or benefit

4.2% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
45,679
45,679
45,679
45,679
45,679
 (99) (16,102) (20,512) (49,281) (49,281) (66,004)
Income before income taxes
45,679
45,679
45,679
45,679
45,679
45,679
 (3,946) (26,063) (56,940) (82,062) (82,062) (6,784)
Income tax expense or benefit TEST - ODD
45,679
45,679
45,679
45,679
45,679
45,679
 258 140 (3,333) 934 934 524
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
7.0%
7.0% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
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
 ($4,204) ($26,203) ($53,607) ($82,996) ($82,996) ($7,308)

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A
-
-
45,678,795
45,678,795
45,678,795
45,678,795
 66,472,586 69,644,199 76,065,062 80,271,589 80,271,589 80,271,589
Class B
-
-
45,678,795
45,678,795
45,678,795
45,678,795
 12,199,332 11,601,207 11,039,473 10,220,948 10,220,948 10,220,948
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($0.06) ($0.33) ($0.64) ($0.94) ($0.94) ($0.08)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($0.06) ($0.33) ($0.64) ($0.94) ($0.94) ($0.08)