Accuray Incorporated (ARAY) financial statements (2023 and earlier)

Company profile

Business Address 1310 CHESAPEAKE TERRACE
SUNNYVALE, CA 94089
State of Incorp.
Fiscal Year End June 30
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments123,196116,369107,57776,79883,08395,993167,010
Cash and cash equivalents123,196116,369107,57776,79883,08372,084119,771
Short-term investments     23,90947,239
Restricted cash and investments24456099710,2189,83012,829891
Receivables81,90585,36090,599111,88565,99472,7892,618
Inventory, net of allowances, customer advances and progress billings123,680125,929134,374120,823108,540105,054115,987
Inventory123,680125,929134,374120,823108,540105,054115,987
Deferred costs1,3553,0082,7121461,1413,3504,884
Other undisclosed current assets20,94021,54721,22724,20515,56918,98870,290
Total current assets:351,320352,773357,486344,075284,157309,003361,680
Noncurrent Assets
Operating lease, right-of-use asset19,42922,52228,647
Property, plant and equipment12,20812,33215,34917,12223,69823,06227,878
Long-term investments and receivables14,67815,93513,929    
Long-term investments14,67815,93513,929    
Intangible assets, net (including goodwill)58,32858,39558,38058,44958,67658,77665,459
Goodwill58,00657,96057,71757,77057,85557,81257,848
Intangible assets, net (excluding goodwill)3224356636798219647,611
Restricted cash and investments1,2561,2721,3371,162620322 
Deferred costs     2061,996
Other noncurrent assets18,28216,86915,79917,37311,57615,09512,020
Total noncurrent assets:124,181127,325133,44194,10694,57097,461107,353
TOTAL ASSETS:475,501480,098490,927438,181378,727406,464469,033
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities87,32573,80368,26993,45471,13466,75856,138
Accounts payable29,25819,46723,12629,56219,69417,48615,229
Accrued liabilities33,88327,47127,18032,74222,44823,87022,184
Employee-related liabilities24,18426,86517,96331,15028,99225,40218,725
Deferred revenue76,58581,66083,207
Debt15,0827,5805  113,02339,900
Deferred revenue and credits 87,78592,051
Customer advances and deposits 16,92622,123
Contract with customer, liability78,332
Other undisclosed current liabilities25,39629,31630,79020,39598,300  
Total current liabilities:204,388192,359182,271192,181169,434284,492210,212
Noncurrent Liabilities
Long-term debt and lease obligation188,248187,448213,480159,844131,07751,548170,512
Long-term debt, excluding current maturities174,492170,007189,307159,844131,07751,548170,512
Operating lease, liability13,75617,44124,173
Liabilities, other than long-term debt31,87131,45131,54136,2858,60823,89128,649
Deferred revenue and credits 13,82317,665
Deferred revenue25,17523,68524,125
Contract with customer, liability26,639
Other liabilities6,6967,7667,4169,6468,60810,06810,984
Other undisclosed noncurrent liabilities    20,976  
Total noncurrent liabilities:220,119218,899245,021196,129160,66175,439199,161
Total liabilities:424,507411,258427,292388,310330,095359,931409,373
Stockholders' equity
Stockholders' equity attributable to parent50,99468,84063,63549,87148,63246,53359,660
Common stock93919189868481
Additional paid in capital536,709554,680545,741535,332521,738496,887481,346
Accumulated other comprehensive income (loss)2,2162,093(484)(10)1,093(52)(960)
Accumulated deficit(488,024)(488,024)(481,713)(485,540)(474,285)(450,386)(420,807)
Total stockholders' equity:50,99468,84063,63549,87148,63246,53359,660
TOTAL LIABILITIES AND EQUITY:475,501480,098490,927438,181378,727406,464469,033

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues437,215396,289382,928418,785404,897383,414398,800
Revenue, net 383,414398,800
Cost of revenue(271,791)(236,782)(233,207)(256,134)(243,202)(242,073)(240,087)
Cost of goods and services sold(3,368)(6,914)(4,184)(2,340)(1,603)(242,073)(240,087)
Gross profit:165,424159,507149,721162,651161,695141,341158,713
Operating expenses(150,464)(137,272)(137,182)(162,068)(165,492)(151,164)(163,586)
Operating income (loss):14,96022,23512,539583(3,797)(9,823)(4,873)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(23,870)(27,666)(6,700)(14,927)(19,224)(18,718)1,179
Interest and debt expense(17,256)(9,948)(18,080)(1,528)(1,629)(3,785)(17,460)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (2,014)
Loss from continuing operations before equity method investments, income taxes:(26,166)(15,379)(12,241)(15,872)(24,650)(32,326)(23,168)
Loss from equity method investments(832)      
Other undisclosed income from continuing operations before income taxes16,69910,82017,9311,5281,6293,785 
Income (loss) from continuing operations before income taxes:(10,299)(4,559)5,690(14,344)(23,021)(28,541)(23,168)
Income tax expense(2,032)(1,752)(1,863)(2,086)(878)(1,038)(2,336)
Net income (loss) available to common stockholders, diluted:(12,331)(6,311)3,827(16,430)(23,899)(29,579)(25,504)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):(12,331)(6,311)3,827(16,430)(23,899)(29,579)(25,504)
Comprehensive income (loss):(12,331)(6,311)3,827(16,430)(23,899)(29,579)(25,504)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(601)2,577(474)(1,103)1,145908(534)
Comprehensive income (loss), net of tax, attributable to parent:(12,932)(3,734)3,353(17,533)(22,754)(28,671)(26,038)

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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