ARRIS International plc (ARRS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3871 LAKEFIELD DRIVE SUWANEE, GA 30024 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 511 | 1,096 | 879 | |||
| Cash and cash equivalents | 488 | 980 | 864 | |||
| Short-term investments | 24 | 116 | 15 | |||
| Receivables | 1,376 | 1,433 | 664 | |||
| Inventory, net of allowances, customer advances and progress billings | 825 | 552 | 402 | |||
| Inventory | 825 | 552 | 402 | |||
| Prepaid expense | 27 | 21 | 19 | |||
| Other current assets | 146 | 128 | 120 | |||
| Other undisclosed current assets | 28 | 51 | 26 | |||
| Total current assets: | 2,914 | 3,280 | 2,110 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 372 | 353 | 312 | |||
| Long-term investments and receivables | 71 | 73 | 70 | |||
| Long-term investments | 71 | 73 | 70 | |||
| Intangible assets, net (including goodwill) | 4,050 | 3,693 | 1,824 | |||
| Goodwill | 2,279 | 2,016 | 1,014 | |||
| Intangible assets, net (excluding goodwill) | 1,771 | 1,677 | 810 | |||
| Other noncurrent assets | 102 | 60 | 22 | |||
| Other undisclosed noncurrent assets | 115 | 299 | 185 | |||
| Total noncurrent assets: | 4,711 | 4,478 | 2,413 | |||
| TOTAL ASSETS: | 7,624 | 7,758 | 4,524 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 1,413 | 1,261 | 662 | |||
| Taxes payable | 6 | 23 | 8 | |||
| Employee-related liabilities | 156 | 140 | 111 | |||
| Accounts payable | 1,207 | 1,049 | 515 | |||
| Accrued liabilities | 45 | 50 | 28 | |||
| Debt | 84 | 83 | 44 | |||
| Other liabilities | 321 | 358 | 169 | |||
| Deferred revenue and credits | ✕ | 115 | 132 | 138 | ||
| Other undisclosed current liabilities | ||||||
| Total current liabilities: | 1,933 | 1,834 | 1,013 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 2,116 | 2,180 | 1,496 | |||
| Capital lease obligations | 2,135 | 2,198 | 1,518 | |||
| Other undisclosed long-term debt and lease obligation | (19) | (18) | (22) | |||
| Liabilities, other than long-term debt | 391 | 517 | 174 | |||
| Accounts payable and accrued liabilities | 145 | 123 | 42 | |||
| Deferred tax liabilities, net | 69 | 224 | 1 | |||
| Liability, pension and other postretirement and postemployment benefits | 43 | 53 | 64 | |||
| Other liabilities | 135 | 118 | 67 | |||
| Other undisclosed noncurrent liabilities | ||||||
| Total noncurrent liabilities: | 2,507 | 2,697 | 1,670 | |||
| Total liabilities: | 4,440 | 4,532 | 2,683 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 3,169 | 3,189 | 1,794 | |||
| Common stock | 2 | |||||
| Treasury stock, value | (331) | |||||
| Additional paid in capital | 3,387 | 3,315 | 1,777 | |||
| Accumulated other comprehensive income (loss) | 5 | 3 | (13) | |||
| Retained earnings (accumulated deficit) | (226) | (132) | 359 | |||
| Other undisclosed equity, attributable to parent | 3 | 3 | ||||
| Equity, attributable to noncontrolling interest | 15 | 38 | 47 | |||
| Total equity: | 3,184 | 3,227 | 1,841 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,624 | 7,758 | 4,524 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|
| Revenues | 6,614 | 6,829 | 4,798 | ||
| Revenue, net | ✕ | 6,614 | 6,829 | 4,798 | |
| Cost of revenue (Cost of Goods and Services Sold) | (4,948) | (5,122) | (3,379) | ||
| Gross profit: | 1,666 | 1,708 | 1,419 | ||
| Operating expenses | (1,543) | (1,597) | (1,208) | ||
| Operating income: | 123 | 111 | 211 | ||
| Nonoperating income (expense) | (4) | 14 | (27) | ||
| Investment income, nonoperating | 8 | 4 | 2 | ||
| Gain (loss), foreign currency transaction, before tax | (10) | 14 | (21) | ||
| Other nonoperating expense | (2) | (4) | (8) | ||
| Interest and debt expense | (87) | (80) | (71) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (11) | (21) | (6) | ||
| Income from continuing operations before income taxes: | 21 | 24 | 107 | ||
| Income tax expense (benefit) | 45 | (15) | (23) | ||
| Income from continuing operations: | 66 | 9 | 84 | ||
| Income before gain (loss) on sale of properties: | 66 | 9 | 84 | ||
| Net income: | 66 | 9 | 84 | ||
| Net income attributable to noncontrolling interest | 26 | 9 | 8 | ||
| Net income available to common stockholders, diluted: | 92 | 18 | 92 | ||
Comprehensive Income ($ in millions)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|
| Net income: | 66 | 9 | 84 | ||
| Other comprehensive income (loss) | 1 | 16 | (2) | ||
| Other undisclosed comprehensive income (loss) | (0) | 0 | |||
| Comprehensive income: | 67 | 25 | 83 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 26 | 9 | (8) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 15 | ||||
| Comprehensive income, net of tax, attributable to parent: | 93 | 34 | 91 | ||
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.