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 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 88,456 | 111,185 | 106,757 | 87,200 | 116,092 | 127,383 | |||
| Cash and cash equivalent | 88,456 | 111,185 | 106,757 | 87,167 | 116,092 | 124,294 | |||
| Short-term investments | 3,089 | ||||||||
| Other undisclosed cash, cash equivalents, and short-term investments | 33 | ||||||||
| Receivables | 198,362 | 210,662 | 208,387 | 241,828 | 253,670 | 271,959 | |||
| Inventory, net of allowances, customer advances and progress billings | 282,926 | 287,860 | 322,147 | 362,295 | 373,971 | 416,802 | |||
| Inventory | 282,926 | 287,860 | 322,147 | 362,295 | 373,971 | 416,802 | |||
| Contract with customer, asset, after allowance for credit loss | 668 | 719 | 815 | 691 | 888 | 1,153 | |||
| Asset, held-for-sale, not part of disposal group | |||||||||
| Other undisclosed current assets | 68,444 | 57,893 | 58,852 | 44,842 | 34,938 | 32,727 | |||
| Total current assets: | 638,856 | 668,319 | 696,958 | 736,856 | 779,559 | 850,024 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 147,428 | 134,578 | 126,969 | 123,020 | 118,623 | 115,719 | |||
| Long-term investments and receivables | 31,506 | 30,159 | 29,252 | 27,743 | 25,179 | 31,238 | |||
| Long-term investments | 31,506 | 30,159 | 29,252 | 27,743 | 25,179 | 31,238 | |||
| Intangible assets, net (including goodwill) | 342,982 | 345,690 | 361,577 | 681,400 | 667,778 | 743,247 | |||
| Goodwill | 56,884 | 54,897 | 55,129 | 353,415 | 339,083 | 388,163 | |||
| Intangible assets, net (excluding goodwill) | 286,098 | 290,793 | 306,448 | 327,985 | 328,695 | 355,084 | |||
| Deferred income tax assets | 25,697 | 24,931 | 25,421 | 25,787 | 90,260 | 82,076 | |||
| Other noncurrent assets | 86,677 | 87,105 | 87,729 | 87,706 | 60,770 | 60,634 | |||
| Total noncurrent assets: | 634,290 | 622,463 | 630,948 | 945,656 | 962,610 | 1,032,914 | |||
| TOTAL ASSETS: | 1,273,146 | 1,290,782 | 1,327,906 | 1,682,512 | 1,742,169 | 1,882,938 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 215,727 | 198,298 | 191,218 | 195,173 | 195,172 | 223,892 | |||
| Accounts payable | 173,354 | 158,550 | 159,083 | 162,922 | 148,913 | 171,735 | |||
| Accrued liabilities | 42,373 | 39,748 | 32,135 | 32,251 | 46,259 | 52,157 | |||
| Deferred revenue | 54,615 | 55,107 | 55,124 | 46,731 | 49,832 | 48,030 | |||
| Debt | 10,580 | 10,912 | |||||||
| Other undisclosed current liabilities | 34,482 | 36,307 | 36,404 | 37,607 | 29,708 | 26,807 | |||
| Total current liabilities: | 304,824 | 289,712 | 282,746 | 279,511 | 285,292 | 309,641 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 189,849 | 190,273 | 195,000 | 195,000 | 200,000 | 200,000 | |||
| Long-term debt, excluding current maturities | 189,849 | 190,273 | 195,000 | 195,000 | 200,000 | 200,000 | |||
| Liabilities, other than long-term debt | 117,068 | 124,212 | 115,074 | 162,423 | 116,451 | 124,531 | |||
| Deferred revenue | 24,901 | 26,584 | 22,884 | 25,109 | 23,501 | 24,111 | |||
| Deferred compensation liability, classified | 32,046 | 30,601 | 29,709 | 29,039 | 26,833 | 28,522 | |||
| Deferred income tax liabilities | 21,483 | 21,077 | 15,414 | 35,655 | 37,977 | 44,614 | |||
| Liability, pension and other postretirement and postemployment benefits | 12,149 | 11,505 | 11,692 | 12,543 | 10,732 | 10,883 | |||
| Other liabilities | 26,489 | 34,445 | 35,375 | 28,657 | 17,408 | 16,401 | |||
| Operating lease, liability | 31,420 | ||||||||
| Other undisclosed noncurrent liabilities | 25,635 | 26,613 | 27,668 | 23,612 | 20,834 | ||||
| Total noncurrent liabilities: | 332,552 | 341,098 | 337,742 | 357,423 | 340,063 | 345,365 | |||
| Total liabilities: | 637,376 | 630,810 | 620,488 | 636,934 | 625,355 | 655,006 | |||
| Temporary equity, including noncontrolling interest | 421,776 | 439,743 | 441,635 | 451,756 | 431,921 | 445,462 | |||
| Equity | |||||||||
| Equity, attributable to parent | 213,994 | 220,229 | 265,783 | 593,822 | 684,893 | 782,470 | |||
| Common stock | 792 | 791 | 791 | 790 | 787 | 787 | |||
| Treasury stock, value | (5,198) | (5,198) | (5,198) | (5,825) | (5,970) | (5,943) | |||
| Additional paid in capital | 806,187 | 802,737 | 798,897 | 795,304 | 770,565 | 766,428 | |||
| Accumulated other comprehensive income | 47,377 | 28,274 | 29,656 | 47,461 | 32,800 | 62,208 | |||
| Accumulated deficit | (635,164) | (606,375) | (558,363) | (243,908) | (113,289) | (41,010) | |||
| Total equity: | 213,994 | 220,229 | 265,783 | 593,822 | 684,893 | 782,470 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,273,146 | 1,290,782 | 1,327,906 | 1,682,512 | 1,742,169 | 1,882,938 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 227,704 | 225,991 | 226,173 | 225,479 | 272,331 | 327,378 | ||
| Cost of revenue (Cost of Product and Service Sold) | (142,453) | (144,416) | (153,918) | (147,014) | (198,094) | (234,825) | ||
| Gross profit: | 85,251 | 81,575 | 72,255 | 78,465 | 74,237 | 92,553 | ||
| Operating expenses | (109,235) | (151,668) | (411,934) | (116,080) | (163,533) | (137,181) | ||
| Other undisclosed operating income | 31,787 | |||||||
| Operating loss: | (23,984) | (38,306) | (339,679) | (37,615) | (89,296) | (44,628) | ||
| Nonoperating income (expense) | 1,196 | 337 | 3,960 | (608) | 1,601 | 4,114 | ||
| Investment income, nonoperating | 2,046 | 1,238 | 2,650 | 2,840 | (922) | 1,620 | ||
| Other nonoperating income (expense) | (850) | (901) | 1,310 | (3,448) | 2,523 | 2,494 | ||
| Interest and debt expense | (4,598) | (4,441) | (4,507) | (4,064) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (22,788) | (37,969) | (340,317) | (42,664) | (92,202) | (44,578) | ||
| Other undisclosed loss from continuing operations before income taxes | (5,679) | (6,906) | ||||||
| Loss from continuing operations before income taxes: | (28,467) | (44,875) | (340,317) | (42,664) | (92,202) | (44,578) | ||
| Income tax expense (benefit) | (390) | (2,136) | 18,647 | (64,362) | 16,553 | 8,363 | ||
| Net loss: | (28,857) | (47,011) | (321,670) | (107,026) | (75,649) | (36,215) | ||
| Net income (loss) attributable to noncontrolling interest | (2,382) | (2,854) | (2,880) | (20,129) | 2,914 | 2,881 | ||
| Net loss attributable to parent: | (31,239) | (49,865) | (324,550) | (127,155) | (72,735) | (33,334) | ||
| Other undisclosed net income available to common stockholders, basic | 2,976 | |||||||
| Net loss available to common stockholders, diluted: | (28,263) | (49,865) | (324,550) | (127,155) | (72,735) | (33,334) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (28,857) | (47,011) | (321,670) | (107,026) | (75,649) | (36,215) | ||
| Net loss attributable to redeemable noncontrolling interest | ✕ | ✕ | ✕ | |||||
| Other comprehensive income (loss) | 19,097 | (1,382) | (17,805) | 35,386 | (29,408) | 6,957 | ||
| Comprehensive loss: | (9,760) | (48,393) | (339,475) | (71,640) | (105,057) | (29,258) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (2,382) | (2,854) | (2,880) | (8,483) | 2,914 | 2,881 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (2,914) | (2,881) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (12,142) | (51,247) | (342,355) | (80,123) | (105,057) | (29,258) | ||
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.