Summary - Funding Rounds

Founding Date

1990

Investors

Polycom is a subsidiary of Poly

Polycom Revenue Breakdown

Embed Graph

Polycom revenue breakdown by geographic segment: 48.7% from Americas, 26.6% from EMEA and 24.7% from APAC

Polycom Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.4b1.3b1.3b1.1b1.1b

Revenue growth, %

(2%)(6%)(11%)2%

Cost of goods sold

575.6m560.1m528.5m501.9m496.0m

Gross profit

792.8m785.0m738.8m621.0m646.8m

Gross profit Margin, %

58%58%58%55%57%

Sales and marketing expense

435.0m388.8m349.7m

R&D expense

216.0m196.5m191.5m

General and administrative expense

96.6m99.9m88.6m

Operating expense total

747.7m685.1m629.8m

Depreciation and amortization

10.4m9.8m9.5m

EBIT

(17.2m)46.5m87.8m

EBIT margin, %

(1%)3%7%

Interest expense

3.2m5.9m6.1m

Pre tax profit

(22.2m)43.0m85.9m

Income tax expense

(3.7m)956.0k15.9m

Net Income

(18.1m)42.1m70.0m

Polycom Balance Sheet

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Cash

324.2m375.4m477.1m392.6m443.1m435.1m

Accounts Receivable

154.5m219.6m194.7m183.4m169.4m187.9m

Prepaid Expenses

51.4m55.5m

Inventories

114.0m107.6m100.0m103.3m100.3m89.4m

Current Assets

837.1m953.6m1.1b901.4m998.5m949.5m

PP&E

110.3m130.0m133.3m115.2m109.2m101.9m

Goodwill

493.1m584.2m553.8m559.5m559.2m558.8m

Total Assets

1.5b1.8b1.9b1.7b1.8b1.8b

Accounts Payable

90.9m113.9m90.0m84.6m108.2m73.5m

Short-term debt

114.0m6.3m6.3m5.7m

Current Liabilities

285.7m359.2m355.7m386.6m421.1m378.0m

Long-term debt

242.2m235.9m228.8m

Non-Current Liabilities

420.9m386.4m351.1m

Total Debt

114.0m248.4m242.2m234.5m

Total Liabilities

372.4m474.7m484.7m807.5m807.5m729.0m

Common Stock

40.0k40.0k38.0k68.0k68.0k66.0k

Additional Paid-in Capital

1.2b1.2b1.3b1.1b1.2b1.2b

Retained Earnings

11.6m118.3m100.0m(132.3m)(136.3m)(113.4m)

Total Equity

1.2b1.4b1.4b976.4m1.0b1.1b

EPS

(0.1)0.30.5

Debt to Equity Ratio

0.3 x0.2 x0.2 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

1.3 x1.3 x1.3 x1.8 x1.8 x1.7 x

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Cash

248.9m307.7m362.6m363.6m289.0m390.3m394.7m415.6m502.9m464.2m712.7m380.2m413.1m406.3m421.5m412.6m412.5m500.8m576.5m

Accounts Receivable

133.8m147.4m174.5m186.9m206.0m211.2m211.9m189.8m179.9m205.3m184.2m177.1m181.4m169.1m161.2m156.1m162.9m154.2m

Prepaid Expenses

25.2m50.3m58.8m53.2m43.0m55.6m54.6m

Inventories

92.0m107.7m116.5m104.2m110.8m122.0m99.9m102.8m97.6m100.2m107.7m103.3m105.9m97.9m93.9m99.9m99.9m98.3m96.7m

Current Assets

749.1m777.1m875.7m936.0m892.2m996.1m1.0b1.0b1.1b1.0b1.3b913.7m925.8m937.5m999.7m967.9m952.7m983.9m1.0b

PP&E

96.0m104.1m112.6m117.5m120.5m134.4m140.8m138.2m130.3m129.8m122.4m109.1m108.8m106.1m107.1m107.9m107.6m97.3m93.1m

Goodwill

490.0m493.6m534.5m532.1m568.0m585.0m553.1m553.5m559.7m559.8m559.5m559.2m559.2m559.3m559.2m559.2m559.0m558.9m558.7m

Total Assets

1.4b1.5b1.6b1.7b1.7b1.9b1.9b1.9b1.9b1.9b2.1b1.8b1.8b1.8b1.8b1.8b1.8b1.8b1.8b

Accounts Payable

94.0m106.6m96.2m95.6m100.6m115.7m94.9m84.6m100.8m101.4m91.1m92.6m93.4m94.5m107.1m90.3m85.7m87.1m78.4m

Short-term debt

114.9m117.8m121.6m6.3m6.3m6.3m6.3m6.3m6.3m6.3m5.7m5.7m

Current Liabilities

262.0m292.0m305.5m321.9m320.8m348.3m347.1m343.7m347.1m370.1m379.8m384.3m401.2m393.5m408.2m392.8m371.5m376.8m368.0m

Long-term debt

240.6m239.1m237.5m234.4m232.8m231.3m227.4m225.9m

Non-Current Liabilities

86.5m84.7m84.6m93.9m101.7m122.1m123.9m121.2m134.3m134.6m381.4m389.6m388.2m379.1m372.0m363.0m353.2m353.2m343.7m

Total Debt

114.9m117.8m121.6m6.3m246.9m245.3m243.8m240.6m239.1m237.5m233.1m231.7m

Total Liabilities

348.5m376.7m390.1m415.8m422.5m470.4m471.0m464.9m481.4m504.7m761.2m773.9m789.4m772.6m780.2m755.8m724.7m730.0m711.7m

Common Stock

40.0k40.0k41.0k41.0k41.0k40.0k39.0k38.0k37.0k35.0k68.0k67.0k67.0k68.0k67.0k66.0k67.0k68.0k

Additional Paid-in Capital

1.1b1.1b1.2b1.2b1.2b1.3b1.3b1.3b1.3b1.3b1.3b1.1b1.1b1.2b1.2b1.1b1.2b1.2b1.2b

Retained Earnings

(19.1m)(14.9m)45.6m74.1m82.8m133.4m129.7m102.4m87.8m67.1m35.5m(136.3m)(147.0m)(143.5m)(137.1m)(131.1m)(128.9m)(110.0m)(120.0m)

Total Equity

1.1b1.1b1.2b1.3b1.3b1.4b1.4b1.4b1.4b1.4b980.2m1.0b1.0b1.0b1.0b1.0b1.1b1.1b

EPS

0.00.10.10.20.10.10.0(0.1)

Debt to Equity Ratio

0.3 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x

Debt to Assets Ratio

0 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x

Financial Leverage

1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.4 x1.8 x1.8 x1.8 x1.8 x1.7 x1.7 x1.7 x1.7 x

Polycom Cash Flow

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Net Income

68.4m135.8m9.8m(18.1m)42.1m70.0m

Depreciation and Amortization

41.4m52.6m61.6m64.8m57.4m51.7m

Accounts Receivable

(21.7m)(63.0m)16.6m13.8m13.5m(19.0m)

Inventories

(42.8m)2.5m(11.4m)(10.7m)(3.6m)(1.7m)

Accounts Payable

3.7m22.8m(22.9m)(5.2m)19.0m(31.5m)

Cash From Operating Activities

143.4m299.6m187.0m168.4m205.4m119.5m

Purchases of PP&E

(69.3m)(69.3m)(67.3m)(53.0m)(50.1m)(47.6m)

Cash From Investing Activities

(142.6m)(237.7m)(52.6m)(7.9m)(111.0m)(40.7m)

Long-term Borrowings

(1.6m)(6.2m)(6.2m)

Cash From Financing Activities

(7.7m)(10.7m)(32.8m)(245.0m)(44.0m)(85.2m)

Net Change in Cash

(6.9m)51.3m101.6m(84.4m)50.5m(8.0m)

Interest Paid

834.0k544.0k751.0k2.8m5.0m5.5m

Income Taxes Paid

24.3m15.9m24.6m9.5m15.3m7.4m

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Net Income

18.0m35.3m34.0m62.5m86.2m15.1m14.6m(150.0k)2.6m7.9m(16.1m)(4.0m)4.6m21.6m21.2m40.8m54.4m3.3m(6.7m)

Depreciation and Amortization

19.0m29.7m12.5m25.2m38.7m14.4m29.5m45.6m16.4m33.2m49.7m17.9m35.6m52.9m17.2m32.8m47.6m14.3m28.1m

Accounts Receivable

(1.0m)(14.6m)(17.8m)(30.3m)(49.6m)8.1m(1.2m)20.4m17.2m(8.2m)21.9m(870.0k)5.8m1.4m304.0k8.2m13.3m25.2m33.6m

Inventories

(16.6m)(34.2m)(4.9m)4.6m1.3m(16.7m)(10.5m)(13.9m)(525.0k)(4.1m)(13.3m)(1.8m)(4.8m)1.7m1.9m(6.8m)(9.7m)(11.2m)(12.9m)

Accounts Payable

6.8m19.3m5.2m4.5m9.5m(855.0k)(22.8m)(31.6m)7.9m6.6m(1.1m)6.8m6.1m8.9m(1.1m)(19.2m)(25.5m)13.3m4.1m

Cash From Operating Activities

60.9m101.7m45.6m130.9m177.6m32.0m73.4m121.4m49.0m81.3m117.5m19.1m80.6m114.6m30.4m63.1m89.0m52.9m72.3m

Purchases of PP&E

(33.6m)(51.8m)(14.8m)(32.0m)(45.4m)(15.8m)(35.5m)(52.0m)(12.8m)(27.6m)(41.8m)(10.9m)(24.3m)(36.8m)(11.7m)(23.9m)(34.4m)(6.8m)(13.5m)

Cash From Investing Activities

(131.3m)(106.2m)(29.6m)(116.0m)(223.5m)(27.0m)(44.0m)(53.0m)1.4m(18.0m)(42.7m)(37.1m)(63.9m)(87.0m)(15.0m)(29.8m)(37.3m)10.7m70.5m

Long-term Borrowings

(1.6m)(3.1m)(4.7m)(1.6m)(3.1m)(4.7m)(1.6m)(3.1m)

Cash From Financing Activities

(11.7m)(18.8m)22.3m24.4m10.7m9.8m(10.0m)(28.1m)(24.7m)(76.1m)160.9m5.6m3.8m(13.9m)(36.9m)(63.9m)(82.4m)1.3m(682.0k)

Net Change in Cash

(82.2m)(23.4m)38.4m39.4m(35.2m)14.8m19.4m40.3m25.8m(12.9m)235.6m(12.4m)20.5m13.7m(21.6m)(30.6m)(30.7m)65.7m141.4m

Polycom Operating Metrics

FY, 2013FY, 2014FY, 2015Feb, 2018Mar, 2018Jun, 2018

Customers

400 k400 k

Channel Partners

7 k

Countries

31

Locations

64

Patents (Foreign)

290 280 220

Patents (US)

290 310 300

Patents Issued

500

Patents Pending (Foreign)

220 190 160

Patents Pending (US)

120 100 80

Polycom Employee Rating

3.3647 votes
Culture & Values
3.2
Work/Life Balance
3.5
Senior Management
2.8
Salary & Benefits
3.4
Career Opportunities
2.8
Source