ADTRAN Holdings, Inc. (ADTN) Financial Statements (2025 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)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:87,200108,90057,00063,300107,000108,700
Cash and cash equivalent87,167108,64456,60360,16173,773105,504
Short-term investments  3403503,13133,2433,246
Other undisclosed cash, cash equivalents, and short-term investments 33(84)478(16)(50)
Restricted cash and investments   21518  
Receivables241,828312,266169,970120,458107,097136,084
Inventory, net of allowances, customer advances and progress billings362,295427,531139,891125,45798,30599,848
Inventory362,295427,531139,891125,45798,30599,848
Contract with customer, asset, after allowance for credit loss6911,852464632,812 
Asset, held-for-sale, not part of disposal group      
Other undisclosed current assets44,84231,8098,7858,1225,09610,794
Total current assets:736,856882,358376,325317,418320,310355,426
Noncurrent Assets
Property, plant and equipment123,020110,69955,76662,39973,70880,635
Long-term investments and receivables27,74332,66570,61580,13094,489108,822
Long-term investments27,74332,66570,61580,13094,489108,822
Intangible assets, net (including goodwill)681,400782,93526,26130,43834,78940,289
Goodwill353,415381,7246,9686,9686,9687,106
Intangible assets, net (excluding goodwill)327,985401,21119,29323,47027,82133,183
Deferred income tax assets25,78767,8399,0799,869 ✕
Other noncurrent assets87,70666,99830,97125,42514,2615,668
Deferred tax assets, net✕✕✕✕✕✕37,187
Other undisclosed noncurrent assets     7,561 
Total noncurrent assets:945,6561,061,136192,692208,261224,808272,601
TOTAL ASSETS:1,682,5121,943,494569,017525,679545,118628,027
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities195,173291,613123,94966,49262,272100,070
Taxes payable✕✕✕6,5601,3013,51212,518
Employee-related liabilities✕✕✕14,90015,26213,89014,752
Accounts payable162,922237,699102,48949,92944,87061,054
Accrued liabilities32,25153,914   11,746
Deferred revenue46,73141,19317,73714,09211,963✕
Debt  60,534  27,276 
Contract with customer, liability✕✕✕✕✕✕17,940
Other undisclosed current liabilities37,60735,23513,67313,60911,200 
Total current liabilities:279,511428,575155,35994,193112,711118,010
Noncurrent Liabilities
Long-term debt and lease obligation195,00060,000   24,600
Long-term debt, excluding current maturities195,00060,000   24,600
Liabilities, other than long-term debt162,423151,30656,55658,54251,98139,138
Deferred revenue25,10919,2399,2716,8886,012✕
Contract with customer, liability✕✕✕✕✕✕5,296
Deferred compensation liability, classified29,03926,66831,38325,86621,698 
Deferred income tax liabilities35,65561,629   ✕
Liability, pension and other postretirement and postemployment benefits12,54310,62411,40218,66415,886 
Other liabilities28,65710,3394,5007,1248,38533,842
Operating lease, liability31,42022,807   ✕
Total noncurrent liabilities:357,423211,30656,55658,54251,98163,738
Total liabilities:636,934639,881211,915152,735164,692181,748
Temporary equity, including noncontrolling interest451,756     
Equity
Equity, attributable to parent593,822994,541357,102372,944380,426446,279
Common stock790781797797797797
Treasury stock, value(5,825)(4,125)(661,547)(679,493)(685,288)(691,747)
Additional paid in capital795,304895,834288,946281,466274,632267,670
Accumulated other comprehensive income (loss)47,46146,713(11,914)(11,639)(16,417)(14,416)
Retained earnings (accumulated deficit)(243,908)55,338740,820781,813806,702883,975
Equity, attributable to noncontrolling interest  309,072    
Total equity:593,8221,303,613357,102372,944380,426446,279
TOTAL LIABILITIES AND EQUITY:1,682,5121,943,494569,017525,679545,118628,027

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

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,149,1001,025,536563,004506,510530,061529,277
Cost of revenue
(Cost of Product and Service Sold)		(816,037)(698,284)(344,627)(288,959)(310,894)(325,712)
Gross profit:333,063327,252218,377217,551219,167203,565
Operating expenses(554,334)(400,079)(233,077)(227,324)(260,360)(248,987)
Other undisclosed operating income     1,230 
Operating loss:(221,271)(72,827)(14,700)(9,773)(39,963)(45,422)
Nonoperating income6,3605,3018,4293,53215,69712,584
Investment income, nonoperating5,094(9,216)4,6056,78614,19911,298
Other nonoperating income (expense)1,26614,5173,824(3,254)1,4981,286
Interest and debt expense (16,299)(3,437)(34)(5)(511)(533)
Loss from continuing operations before equity method investments, income taxes:(231,210)(70,963)(6,305)(6,246)(24,777)(33,371)
Other undisclosed loss from continuing operations before income taxes      
Loss from continuing operations before income taxes:(231,210)(70,963)(6,305)(6,246)(24,777)(33,371)
Income tax expense (benefit)(28,133)62,075(2,330)8,624(28,205)14,029
Income (loss) from continuing operations:(259,343)(8,888)(8,635)2,378(52,982)(19,342)
Income (loss) before gain (loss) on sale of properties:✕✕✕(8,635)2,378(52,982)(19,342)
Net income (loss):(259,343)(8,888)(8,635)2,378(52,982)(19,342)
Net income (loss) attributable to noncontrolling interest(8,345)6,851    
Net income (loss) attributable to parent:(267,688)(2,037)(8,635)2,378(52,982)(19,342)
Other undisclosed net income available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:(267,688)(2,037)(8,635)2,378(52,982)(19,342)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(259,343)(8,888)(8,635)2,378(52,982)(19,342)
Net loss attributable to redeemable noncontrolling interest✕✕✕✕✕✕
Other comprehensive income (loss)21,71757,709(275)4,778(2,386)(11,121)
Comprehensive income (loss):(237,626)48,821(8,910)7,156(55,368)(30,463)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8,727)918    
Comprehensive income (loss), net of tax, attributable to parent:(246,353)49,739(8,910)7,156(55,368)(30,463)

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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