Array Technologies, Inc. (ARRY) Financial Statements (2023 and earlier)

Company Profile

Business Address 3901 MIDWAY PLACE NE
ALBUQUERQUE, NM 87109
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 399 - Miscellaneous Manufacturing Industries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments134368108
Cash and cash equivalents134368108
Receivables425245136
Inventory, net of allowances, customer advances and progress billings233206118
Inventory233206118
Other undisclosed current assets393412
Total current assets:831852375
Noncurrent Assets
Property, plant and equipment231110
Intangible assets, net (including goodwill)803244268
Goodwill4167070
Intangible assets, net (excluding goodwill)386175198
Deferred income tax assets169 
Other noncurrent assets33263
Total noncurrent assets:875291281
TOTAL ASSETS:1,7061,143656
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities236133124
Taxes payable09
Accounts payable1709183
Accrued liabilities654232
Deferred revenue179100150
Debt3944
Business combination, contingent consideration, liability129
Due to related parties 12
Other liabilities116 
Total current liabilities:465245289
Noncurrent Liabilities
Long-term debt and lease obligation720711424
Long-term debt, excluding current maturities720711424
Liabilities, other than long-term debt971824
Accounts payable and accrued liabilities2  
Deferred income tax liabilities73 13
Other liabilities156 
Business combination, contingent consideration, liability71311
Total noncurrent liabilities:817729448
Total liabilities:1,282975737
Temporary equity, carrying amount300237 
Equity
Equity, attributable to parent124(69)(81)
Common stock000
Additional paid in capital383203140
Accumulated other comprehensive income8  
Accumulated deficit(267)(272)(221)
Total equity:124(69)(81)
TOTAL LIABILITIES AND EQUITY:1,7061,143656

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

12/31/2022
12/31/2021
12/31/2020
Revenues1,638853873
Cost of revenue(1,410)(770)(670)
Gross profit:22783203
Operating expenses(245)(108)(108)
Operating income (loss):(18)(25)95
Nonoperating income (expense)13(36)(17)
Other nonoperating income (expense)3(1)(2)
Interest and debt expense(34)(35)(15)
Income (loss) from continuing operations before equity method investments, income taxes:(38)(97)63
Other undisclosed income from continuing operations before income taxes343515
Income (loss) from continuing operations before income taxes:(5)(61)78
Income tax expense (benefit)911(19)
Income (loss) from continuing operations:4(50)59
Income (loss) before gain (loss) on sale of properties:(50)59
Net income (loss) attributable to parent:4(50)59
Other undisclosed net loss available to common stockholders, basic(48)(16) 
Net income (loss) available to common stockholders, diluted:(44)(66)59

Comprehensive Income ($ in millions)

12/31/2022
12/31/2021
12/31/2020
Net income (loss):4(50)59
Comprehensive income (loss):4(50)59
Other undisclosed comprehensive income, net of tax, attributable to parent8  
Comprehensive income (loss), net of tax, attributable to parent:13(50)59

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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