Abaxis Inc (ABAX) Financial Statements (2024 and earlier)

Company Profile

Business Address 3240 WHIPPLE
UNION CITY, CA 94587
State of Incorp. CA
Fiscal Year End March 31
Industry (SIC) 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments142,893129,797133,124102,69178,264
Cash and cash equivalents91,33288,323107,01573,58954,910
Short-term investments51,56141,47426,10929,10223,354
Receivables40,56835,14829,01528,83340,005
Inventory, net of allowances, customer advances and progress billings39,01035,13136,17926,97826,786
Inventory39,01035,13136,17926,97826,786
Disposal group, including discontinued operation669612,075  
Prepaid expense and other current assets✕✕✕✕✕3,319
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases1,659    
Deferred tax assets 5,6444,8106,5754,464 
Other undisclosed current assets3,3386,3512,8932,4524,589
Total current assets:233,178212,198209,861165,418152,963
Noncurrent Assets
Property, plant and equipment34,26026,84227,31627,17625,330
Long-term investments and receivables22,17122,45824,18118,49117,000
Long-term investments22,17122,45824,18118,49117,000
Intangible assets, net (including goodwill)1,1711,3241,4911,6243,122
Intangible assets, net (excluding goodwill)1,1711,3241,4911,6243,122
Disposal group, including discontinued operation, noncurrent assets   12✕✕
Other noncurrent assets7,6241,95010774✕
Prepaid expense and other noncurrent assets✕✕✕✕✕92
Deferred tax assets, net4,3923,9033,4131,557 
Other undisclosed noncurrent assets2,8502,7052,6832,6463,256
Total noncurrent assets:72,46859,18259,20351,56848,800
TOTAL ASSETS:305,646271,380269,064216,986201,763
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30,28026,17933,00414,61017,662
Taxes payable2,1511,1454,8291,144440
Employee-related liabilities9,6068,34911,0944,6546,261
Accounts payable7,5177,2927,2776,1118,123
Accrued liabilities11,0069,3939,8042,7012,838
Debt100100100100100
Disposal group, including discontinued operation851125,536  
Deferred revenue and credits1,4151,6001,3221,2081,362
Other liabilities   5,507  
Other undisclosed current liabilities1,5631,181(4,184)947895
Total current liabilities:33,44329,17241,28516,86520,019
Noncurrent Liabilities
Long-term debt and lease obligation278379480581682
Long-term debt, excluding current maturities278379480581682
Liabilities, other than long-term debt5,7015,5177,1054,8034,479
Deferred revenue and credits1,4602,2743,2194,8034,479
Accounts payable and accrued liabilities2,6951,9271,733  
Deferred tax liabilities, net234384310  
Other liabilities1,3129321,843  
Other undisclosed noncurrent liabilities    821389
Total noncurrent liabilities:5,9795,8967,5856,2055,550
Total liabilities:39,42235,06848,87023,07025,569
Equity
Equity, attributable to parent266,224236,312220,194193,916176,194
Common stock135,932127,016132,559124,603121,019
Accumulated other comprehensive income (loss)(12)(7)(8)(5)42
Retained earnings130,304109,30387,64369,31855,133
Total equity:266,224236,312220,194193,916176,194
TOTAL LIABILITIES AND EQUITY:305,646271,380269,064216,986201,763

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Revenues
(Revenue, Net)		227,220218,901202,593171,870186,025
Cost of revenue(101,375)(95,649)(93,623)(88,761)(87,794)
Gross profit:125,845123,252108,97083,10998,231
Operating expenses(81,358)(76,898)(74,666)(62,310)(56,095)
Operating income:44,48746,35434,30420,79942,136
Nonoperating income (expense)6,625793(1,262)1,144253
Investment income, nonoperating(666)(1,180)(635)(530)(827)
Gain (loss), foreign currency transaction, before tax(627)149(1,794)477 
Income from continuing operations before equity method investments, income taxes:51,11247,14733,04221,94342,389
Income from equity method investments   3733 
Other undisclosed loss from continuing operations before income taxes   (37)(33) 
Income from continuing operations before income taxes:51,11247,14733,04221,94342,389
Income tax expense(18,333)(16,073)(12,239)(7,758)(14,930)
Income from continuing operations:32,77931,07420,80314,18527,459
Income before gain (loss) on sale of properties:32,71631,07420,60314,18527,459
Loss from discontinued operations (63) (200)  
Net income:32,71631,07420,60314,18527,459
Other undisclosed net income attributable to parent  5566,728  
Net income available to common stockholders, diluted:32,71631,63027,33114,18527,459

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Net income:32,71631,07420,60314,18527,459
Comprehensive income:32,71631,07420,60314,18527,459
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)5576,725(47)17
Comprehensive income, net of tax, attributable to parent:32,71131,63127,32814,13827,476

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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