ADTRAN Holdings, Inc. (ADTN) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
901 EXPLORER BLVD HUNTSVILLE, AL 35806 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3661 - Telephone and Telegraph Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 76,021 | 87,200 | 108,900 | 57,000 | 63,300 | 107,000 | |||
| Cash and cash equivalent | 76,021 | 87,167 | 108,644 | 56,603 | 60,161 | 73,773 | |||
| Short-term investments | 340 | 350 | 3,131 | 33,243 | |||||
| Other undisclosed cash, cash equivalents, and short-term investments | 33 | (84) | 47 | 8 | (16) | ||||
| Restricted cash and investments | 215 | 18 | |||||||
| Receivables | 193,266 | 241,828 | 312,266 | 169,970 | 120,458 | 107,097 | |||
| Inventory, net of allowances, customer advances and progress billings | 261,557 | 362,295 | 427,531 | 139,891 | 125,457 | 98,305 | |||
| Inventory | 261,557 | 362,295 | 427,531 | 139,891 | 125,457 | 98,305 | |||
| Contract with customer, asset, after allowance for credit loss | 631 | 691 | 1,852 | 464 | 63 | 2,812 | |||
| Asset, held-for-sale, not part of disposal group | 11,901 | ||||||||
| Other undisclosed current assets | 55,764 | 44,842 | 31,809 | 8,785 | 8,122 | 5,096 | |||
| Total current assets: | 599,140 | 736,856 | 882,358 | 376,325 | 317,418 | 320,310 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 106,454 | 123,020 | 110,699 | 55,766 | 62,399 | 73,708 | |||
| Long-term investments and receivables | 32,060 | 27,743 | 32,665 | 70,615 | 80,130 | 94,489 | |||
| Long-term investments | 32,060 | 27,743 | 32,665 | 70,615 | 80,130 | 94,489 | |||
| Intangible assets, net (including goodwill) | 337,811 | 681,400 | 782,935 | 26,261 | 30,438 | 34,789 | |||
| Goodwill | 52,918 | 353,415 | 381,724 | 6,968 | 6,968 | 6,968 | |||
| Intangible assets, net (excluding goodwill) | 284,893 | 327,985 | 401,211 | 19,293 | 23,470 | 27,821 | |||
| Deferred income tax assets | 17,826 | 25,787 | 67,839 | 9,079 | 9,869 | ||||
| Other noncurrent assets | 78,128 | 87,706 | 66,998 | 30,971 | 25,425 | 14,261 | |||
| Other undisclosed noncurrent assets | 7,561 | ||||||||
| Total noncurrent assets: | 572,279 | 945,656 | 1,061,136 | 192,692 | 208,261 | 224,808 | |||
| TOTAL ASSETS: | 1,171,419 | 1,682,512 | 1,943,494 | 569,017 | 525,679 | 545,118 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 206,614 | 195,173 | 291,613 | 123,949 | 66,492 | 62,272 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 6,560 | 1,301 | 3,512 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 14,900 | 15,262 | 13,890 | ||
| Accounts payable | 171,825 | 162,922 | 237,699 | 102,489 | 49,929 | 44,870 | |||
| Accrued liabilities | 34,789 | 32,251 | 53,914 | ||||||
| Deferred revenue | 52,701 | 46,731 | 41,193 | 17,737 | 14,092 | 11,963 | |||
| Debt | 60,534 | 27,276 | |||||||
| Other undisclosed current liabilities | 34,158 | 37,607 | 35,235 | 13,673 | 13,609 | 11,200 | |||
| Total current liabilities: | 293,473 | 279,511 | 428,575 | 155,359 | 94,193 | 112,711 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 189,576 | 195,000 | 60,000 | ||||||
| Long-term debt, excluding current maturities | 189,576 | 195,000 | 60,000 | ||||||
| Liabilities, other than long-term debt | 138,476 | 162,423 | 151,306 | 56,556 | 58,542 | 51,981 | |||
| Deferred revenue | 22,065 | 25,109 | 19,239 | 9,271 | 6,888 | 6,012 | |||
| Deferred compensation liability, classified | 33,203 | 29,039 | 26,668 | 31,383 | 25,866 | 21,698 | |||
| Deferred income tax liabilities | 30,372 | 35,655 | 61,629 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 8,983 | 12,543 | 10,624 | 11,402 | 18,664 | 15,886 | |||
| Other liabilities | 17,928 | 28,657 | 10,339 | 4,500 | 7,124 | 8,385 | |||
| Operating lease, liability | 25,925 | 31,420 | 22,807 | ||||||
| Other undisclosed noncurrent liabilities | |||||||||
| Total noncurrent liabilities: | 328,052 | 357,423 | 211,306 | 56,556 | 58,542 | 51,981 | |||
| Total liabilities: | 621,525 | 636,934 | 639,881 | 211,915 | 152,735 | 164,692 | |||
| Temporary equity, including noncontrolling interest | 422,943 | 451,756 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 126,951 | 593,822 | 994,541 | 357,102 | 372,944 | 380,426 | |||
| Common stock | 795 | 790 | 781 | 797 | 797 | 797 | |||
| Treasury stock, value | (5,198) | (5,825) | (4,125) | (661,547) | (679,493) | (685,288) | |||
| Additional paid in capital | 808,913 | 795,304 | 895,834 | 288,946 | 281,466 | 274,632 | |||
| Accumulated other comprehensive income (loss) | 11,254 | 47,461 | 46,713 | (11,914) | (11,639) | (16,417) | |||
| Retained earnings (accumulated deficit) | (688,813) | (243,908) | 55,338 | 740,820 | 781,813 | 806,702 | |||
| Equity, attributable to noncontrolling interest | 309,072 | ||||||||
| Total equity: | 126,951 | 593,822 | 1,303,613 | 357,102 | 372,944 | 380,426 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,171,419 | 1,682,512 | 1,943,494 | 569,017 | 525,679 | 545,118 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 922,720 | 1,149,100 | 1,025,536 | 563,004 | 506,510 | 530,061 | ||
| Cost of revenue (Cost of Product and Service Sold) | (598,556) | (816,037) | (698,284) | (344,627) | (288,959) | (310,894) | ||
| Gross profit: | 324,164 | 333,063 | 327,252 | 218,377 | 217,551 | 219,167 | ||
| Operating expenses | (751,729) | (554,334) | (400,079) | (233,077) | (227,324) | (260,360) | ||
| Other undisclosed operating income | 1,230 | |||||||
| Operating loss: | (427,565) | (221,271) | (72,827) | (14,700) | (9,773) | (39,963) | ||
| Nonoperating income | 6,891 | 6,360 | 5,301 | 8,429 | 3,532 | 15,697 | ||
| Investment income, nonoperating | 6,645 | 5,094 | (9,216) | 4,605 | 6,786 | 14,199 | ||
| Other nonoperating income (expense) | 246 | 1,266 | 14,517 | 3,824 | (3,254) | 1,498 | ||
| Interest and debt expense | (16,299) | (3,437) | (34) | (5) | (511) | |||
| Loss from continuing operations before equity method investments, income taxes: | (420,674) | (231,210) | (70,963) | (6,305) | (6,246) | (24,777) | ||
| Other undisclosed loss from continuing operations before income taxes | (22,053) | |||||||
| Loss from continuing operations before income taxes: | (442,727) | (231,210) | (70,963) | (6,305) | (6,246) | (24,777) | ||
| Income tax expense (benefit) | (7,340) | (28,133) | 62,075 | (2,330) | 8,624 | (28,205) | ||
| Income (loss) from continuing operations: | (450,067) | (259,343) | (8,888) | (8,635) | 2,378 | (52,982) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (8,635) | 2,378 | (52,982) | |
| Net income (loss): | (450,067) | (259,343) | (8,888) | (8,635) | 2,378 | (52,982) | ||
| Net income (loss) attributable to noncontrolling interest | (9,824) | (8,345) | 6,851 | |||||
| Net income (loss) attributable to parent: | (459,891) | (267,688) | (2,037) | (8,635) | 2,378 | (52,982) | ||
| Other undisclosed net income available to common stockholders, basic | 2,981 | |||||||
| Net income (loss) available to common stockholders, diluted: | (456,910) | (267,688) | (2,037) | (8,635) | 2,378 | (52,982) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (450,067) | (259,343) | (8,888) | (8,635) | 2,378 | (52,982) | ||
| Net loss attributable to redeemable noncontrolling interest | (9,824) | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | (36,276) | 21,717 | 57,709 | (275) | 4,778 | (2,386) | ||
| Comprehensive income (loss): | (486,343) | (237,626) | 48,821 | (8,910) | 7,156 | (55,368) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (9,824) | (8,727) | 918 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (496,167) | (246,353) | 49,739 | (8,910) | 7,156 | (55,368) | ||
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.