ADTRAN, Inc. (ADTN) financial statements (2020 and earlier)

Company profile

Business Address 901 EXPLORER BLVD
HUNTSVILLE, AL 35806
State of Incorp. DE
Fiscal Year End December 31
SIC 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:125 103123119120
Cash and cash equivalents96 86808573
Short-term investments29 16433447
Other undisclosed cash, cash equivalents, and short-term investments  00  
Receivables110 17110891122
Inventory, net of allowances, customer advances and progress billings105 1231059287
Inventory105 1231059287
Prepaid expense     5
Contract with customer, asset2 
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 11   
Other undisclosed current assets8 6162917
Total current assets:350 413353331351
Noncurrent Assets
Property, plant and equipment73 85847375
Long-term investments and receivables91 130176198281
Long-term investments91 130176198281
Intangible assets, net (including goodwill)36 33311
Goodwill7 3333
Intangible assets, net (excluding goodwill)29    7
Deferred costs     16
Other noncurrent assets23 1412911
Deferred tax assets, net 23381818
Other undisclosed noncurrent assets6    (24)
Total noncurrent assets:230 256314302388
TOTAL ASSETS:580 669667633739
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities89 941107696
Accounts payable53 61774956
Accrued liabilities16 13121211
Employee-related liabilities17 16201314
Taxes payable3 4 215
Deferred revenue14
Debt26    1
Deferred revenue and credits13161723
Other undisclosed current liabilities     (1)
Total current liabilities:128 10712793119
Noncurrent Liabilities
Long-term debt and lease obligation  26272829
Long-term debt, excluding current maturities  26272829
Liabilities, other than long-term debt57 39343277
Deferred revenue and credits56811
Deferred revenue5
Deferred compensation liability, classified     16
Deferred tax liabilities, net    9
Liability, pension and other postretirement and postemployment benefits     10
Other liabilities52 34282431
Other undisclosed noncurrent liabilities     (35)
Total noncurrent liabilities:57 64616071
Total liabilities:185 171188153190
Stockholders' equity
Stockholders' equity attributable to parent395 498480480549
Common stock1 1111
Treasury stock, value(690) (682)(684)(665)(601)
Additional paid in capital273 261253247242
Accumulated other comprehensive loss(17) (3)(12)(9)(0)
Retained earnings828 922922907908
Total stockholders' equity:395 498480480549
TOTAL LIABILITIES AND EQUITY:580 669667633739

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues554 667637600637
Revenue, net667637600630
Cost of revenue
(Cost of Goods and Services Sold)
(327) (363)(345)(333)(319)
Other undisclosed gross profit     (7)
Gross profit:227 304291267311
Operating expenses(258) (266)(257)(253)(267)
Other undisclosed operating income1    2
Operating income (loss):(30) 38351347
Nonoperating income11 3599
Investment income, nonoperating7 46108
Other nonoperating income (expense)4 (2)(1)(1)1
Interest and debt expense(1) (1)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes     4
Income (loss) from continuing operations before equity method investments, income taxes:(19) 40392260
Other undisclosed income (loss) from continuing operations before income taxes(5) 574 
Income (loss) from continuing operations before income taxes:(25) 45472660
Income tax expense(25) (21)(12)(7)(15)
Net income (loss) available to common stockholders, diluted:(50) 24351945

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(50) 24351945
Other comprehensive income (loss)(7) 9(3)(9)(11)
Comprehensive income (loss), net of tax, attributable to parent:(57) 33321034

Statements sources

The financial statements are based on the company's filings with the 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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