Array Technologies, Inc. (ARRY) financial statements (2022 and earlier)

Company profile

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

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments116,39117,68219,133108,44127,144
Cash and cash equivalents116,39117,68219,133108,44127,144
Receivables183,915163,267126,076135,852134,616
Inventory, net of allowances, customer advances and progress billings173,126137,666124,705118,45996,515
Inventory173,126137,666124,705118,45996,515
Other undisclosed current assets18,19311,59715,63912,4236,302
Total current assets:491,625330,212285,553375,175264,577
Noncurrent Assets
Property, plant and equipment10,2029,7639,7409,7749,620
Intangible assets, net (including goodwill)250,357256,234262,110267,987274,300
Goodwill69,72769,72769,72769,72769,727
Intangible assets, net (excluding goodwill)180,630186,507192,383198,260204,573
Other noncurrent assets24,40526,10925,8733,0883,775
Total noncurrent assets:284,964292,106297,723280,849287,695
TOTAL ASSETS:776,589622,318583,276656,024552,272
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities119,613103,474119,696123,78281,452
Accounts payable84,70381,37771,82382,75547,300
Accrued liabilities34,28122,09737,64932,21325,624
Taxes payable629 10,2248,8148,528
Deferred revenue81,34751,45889,880149,82144,781
Debt4,3004,3004,3004,313102
Due to related parties6106102,6082,2322,232
Business combination, contingent consideration, liability2,1681,9089,5678,95518,123
Other liabilities6,4576,3796,288  
Total current liabilities:214,495168,129232,339289,103146,690
Noncurrent Liabilities
Long-term debt and lease obligation299,212493,945391,682423,970 
Long-term debt, excluding current maturities299,212493,945391,682423,970 
Liabilities, other than long-term debt20,32028,85329,37023,85028,322
Deferred income tax liabilities6,58314,47213,04313,11412,187
Other liabilities2,9534,2736,055  
Business combination, contingent consideration, liability10,78410,10810,27210,73616,135
Total noncurrent liabilities:319,532522,798421,052447,82028,322
Total liabilities:534,027690,927653,391736,923175,012
Temporary equity, carrying amount235,278    
Stockholders' equity
Stockholders' equity attributable to parent7,284(68,609)(70,115)(80,899) 
Common stock135127127127 
Additional paid in capital251,330149,893148,370140,473 
Accumulated deficit(244,181)(218,629)(218,612)(221,499) 
Other undisclosed stockholders' equity    377,260
Total stockholders' equity:7,284(68,609)(70,115)(80,899)377,260
TOTAL LIABILITIES AND EQUITY:776,589622,318583,276656,024552,272

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Revenues192,068202,796245,932180,566139,462
Cost of revenue(182,789)(176,009)(202,074)(145,114)(112,731)
Gross profit:9,27926,78743,85835,45226,731
Operating expenses(25,413)(21,081)(30,805)(37,692)(31,838)
Operating income (loss):(16,134)5,70613,053(2,240)(5,107)
Nonoperating expense(13,406)(6,773)(9,087)(6,958)(702)
Interest and debt expense(13,109)(6,651)(9,009)(6,816)(673)
Loss from continuing operations before equity method investments, income taxes:(42,649)(7,718)(5,043)(16,014)(6,482)
Other undisclosed income from continuing operations before income taxes13,1096,6519,0096,816673
Income (loss) from continuing operations before income taxes:(29,540)(1,067)3,966(9,198)(5,809)
Income tax expense (benefit)3,9881,050(1,079)(574)(1,423)
Net income (loss) attributable to parent:(25,552)(17)2,887(9,772)(7,232)
Other undisclosed net loss available to common stockholders, basic(5,479)    
Net income (loss) available to common stockholders, diluted:(31,031)(17)2,887(9,772)(7,232)

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Net income (loss):(25,552)(17)2,887(9,772)(7,232)
Comprehensive income (loss), net of tax, attributable to parent:(25,552)(17)2,887(9,772)(7,232)

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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