Accuray Incorporated (ARAY) Financial Statements (2024 and earlier)

Company Profile

Business Address 1240 DEMING WAY
MADISON, WI 53717
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments89,40288,737116,369107,57776,79883,083
Cash and cash equivalents89,40288,737116,369107,57776,79883,083
Restricted cash and investments52420456099710,2189,830
Receivables74,77794,44285,36090,599111,88565,994
Inventory, net of allowances, customer advances and progress billings145,150142,254125,929134,374120,823108,540
Inventory145,150142,254125,929134,374120,823108,540
Capitalized contract cost1,782    
Deferred costs5681,4593,0082,7121461,141
Other current assets2,483     
Other undisclosed current assets23,34723,79421,54721,22724,20515,569
Total current assets:338,033350,890352,773357,486344,075284,157
Noncurrent Assets
Operating lease, right-of-use asset25,85316,79822,52228,647
Property, plant and equipment20,92612,68512,33215,34917,12223,698
Long-term investments and receivables15,12813,87915,93513,929  
Long-term investments15,12813,87915,93513,929  
Intangible assets, net (including goodwill)57,89158,09058,39558,38058,44958,676
Goodwill57,68157,84057,96057,71757,77057,855
Intangible assets, net (excluding goodwill)210250435663679821
Restricted cash and investments1,2761,2131,2721,3371,162620
Other noncurrent assets20,10719,29416,86915,79917,37311,576
Total noncurrent assets:141,181121,959127,325133,44194,10694,570
TOTAL ASSETS:479,214472,849480,098490,927438,181378,727
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities98,20191,06373,80368,26993,45471,134
Employee-related liabilities29,44126,86517,96331,15028,992
Accounts payable33,73931,33719,46723,12629,56219,694
Accrued liabilities64,46230,28527,47127,18032,74222,448
Deferred revenue72,18575,37581,66083,207
Debt11,44217,1267,5805  
Customer refund liability 3,364     
Other liabilities 7,043     
Contract with customer, liability78,332
Other undisclosed current liabilities6,40225,29429,31630,79020,39598,300
Total current liabilities:198,637208,858192,359182,271192,181169,434
Noncurrent Liabilities
Long-term debt and lease obligation171,562182,360187,448213,480159,844131,077
Long-term debt, excluding current maturities171,562171,907170,007189,307159,844131,077
Liabilities, other than long-term debt55,35628,44231,45131,54136,2858,608
Deferred revenue27,07924,69423,68524,125
Contract with customer, liability26,639
Other liabilities4,6753,7487,7667,4169,6468,608
Operating lease, liability23,60210,45317,44124,173
Other undisclosed noncurrent liabilities      20,976
Total noncurrent liabilities:226,918210,802218,899245,021196,129160,661
Total liabilities:425,555419,660411,258427,292388,310330,095
Equity
Equity, attributable to parent53,65953,18968,84063,63549,87148,632
Common stock979491918986
Additional paid in capital555,276543,211554,680545,741535,332521,738
Accumulated other comprehensive income (loss)4222,4062,093(484)(10)1,093
Accumulated deficit(502,136)(492,522)(488,024)(481,713)(485,540)(474,285)
Total equity:53,65953,18968,84063,63549,87148,632
TOTAL LIABILITIES AND EQUITY:479,214472,849480,098490,927438,181378,727

Income Statement (P&L) ($ in thousands)

12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Revenues447,605429,909396,289382,928418,785404,897
Cost of revenue(293,645)(269,954)(236,782)(233,207)(256,134)(243,202)
Gross profit:153,960159,955159,507149,721162,651161,695
Operating expenses(151,578)(151,807)(137,272)(137,182)(162,068)(165,492)
Operating income (loss):2,3828,14822,23512,539583(3,797)
Nonoperating expense
(Other Nonoperating expense)
(11,742)(10,391)(27,666)(6,700)(14,927)(19,224)
Interest and debt expense(10,632)(8,129)(9,948)(18,080)(1,528)(1,629)
Loss from continuing operations before equity method investments, income taxes:(19,992)(10,372)(15,379)(12,241)(15,872)(24,650)
Income from equity method investments2,572241    
Other undisclosed income from continuing operations before income taxes10,6328,12910,82017,9311,5281,629
Income (loss) from continuing operations before income taxes:(6,788)(2,002)(4,559)5,690(14,344)(23,021)
Income tax expense(2,492)(3,345)(1,752)(1,863)(2,086)(878)
Income (loss) from continuing operations:(9,280)(5,347)(6,311)3,827(16,430)(23,899)
Income (loss) before gain (loss) on sale of properties:(5,347)(6,311)3,827(16,430)(23,899)
Net income (loss) available to common stockholders, diluted:(9,280)(5,347)(6,311)3,827(16,430)(23,899)

Comprehensive Income ($ in thousands)

12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Net income (loss):(9,280)(5,347)(6,311)3,827(16,430)(23,899)
Comprehensive income (loss):(9,280)(5,347)(6,311)3,827(16,430)(23,899)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,984)3132,577(474)(1,103)1,145
Comprehensive income (loss), net of tax, attributable to parent:(11,264)(5,034)(3,734)3,353(17,533)(22,754)

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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