Astronics Corporation (ATRO) financial statements (2022 and earlier)

Company profile

Business Address 130 COMMERCE WAY
EAST AURORA, NY 14052-2191
State of Incorp. NY
Fiscal Year End December 31
SIC 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   16,62217,91417,901
Cash and cash equivalents   16,62217,91417,901
Receivables107,43993,056147,998182,308132,633109,415
Inventory, net of allowances, customer advances and progress billings157,576157,059145,787138,685150,196116,597
Inventory157,576157,059145,787138,685150,196116,597
Other undisclosed current assets74,84666,83249,29636,55614,58611,160
Total current assets:339,861316,947343,081374,171315,329255,073
Noncurrent Assets
Operating lease, right-of-use asset16,16918,95323,602
Property, plant and equipment95,236106,678112,499120,862125,830122,812
Intangible assets, net (including goodwill)152,602168,168272,263258,335279,138213,310
Goodwill58,28258,282144,970124,952125,645115,207
Intangible assets, net (excluding goodwill)94,320109,886127,293133,383153,49398,103
Other noncurrent assets5,2708,99931,27121,27215,65913,149
Total noncurrent assets:269,277302,798439,635400,469420,627349,271
TOTAL ASSETS:609,138619,745782,716774,640735,956604,344
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities84,47943,74859,40782,70866,99749,875
Accounts payable34,86026,44635,84250,66441,84625,070
Accrued liabilities27,391     
Employee-related liabilities19,60716,28522,48531,73224,89024,743
Taxes payable2,6211,0171,08031226162
Deferred revenue27,35624,57131,360
Debt722,0812241,8702,6892,636
Deferred revenue and credits19,60723,168
Other undisclosed current liabilities6,70623,33629,64943,51413,59810,881
Total current liabilities:118,61393,736120,640128,092102,89186,560
Noncurrent Liabilities
Long-term debt and lease obligation, including:175,018173,000188,000232,112269,078145,484
Long-term debt, excluding current maturities163,000173,000188,000232,112269,078145,484
Finance lease, liability 7342,800
Operating lease, liability12,01816,63721,039
Other undisclosed long-term debt and lease obligation (17,371)(23,839)   
Liabilities, other than long-term debt58,90366,00164,18024,61228,93923,554
Deferred income tax liabilities1,4212,9093,922
Liability, pension and other postretirement and postemployment benefits31,19932,43727,24722,68926,03022,140
Other liabilities26,28330,65533,0111,9232,9091,414
Other undisclosed noncurrent liabilities 16,63721,0393,1995,12111,297
Total noncurrent liabilities:233,921255,638273,219259,923303,138180,335
Total liabilities:352,534349,374393,859388,015406,029266,895
Stockholders' equity
Stockholders' equity attributable to parent, including:256,604270,371388,857386,625329,927337,449
Treasury stock, value(108,516)(108,516)(100,784)(50,000)(50,000)(17,618)
Additional paid in capital92,03782,18776,34073,04467,79164,752
Accumulated other comprehensive loss(14,495)(16,450)(15,628)(13,329)(13,352)(15,494)
Retained earnings287,225312,803428,584376,567325,191305,512
Other undisclosed stockholders' equity attributable to parent353347345343297297
Total stockholders' equity:256,604270,371388,857386,625329,927337,449
TOTAL LIABILITIES AND EQUITY:609,138619,745782,716774,640735,956604,344

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues444,908502,587772,702803,256624,464633,123
Revenue, net624,464633,123
Cost of revenue
(Cost of Goods and Services Sold)
(379,545)(405,744)(616,560) (487,351)(473,656)
Other undisclosed gross profit   (622,560)  
Gross profit:65,36396,843156,142180,696137,113159,467
Operating expenses(94,037)(197,544)(143,358)(117,033)(106,753)(86,328)
Other undisclosed operating loss  (11,083)   
Operating income (loss):(28,674)(100,701)1,70163,66330,36073,139
Interest and debt expense(78)(214)(314)   
Income (loss) from continuing operations before equity method investments, income taxes:(28,752)(100,915)1,38763,66330,36073,139
Other undisclosed income (loss) from continuing operations before income taxes1,792(11,495)66,916(11,381)(5,369)(4,354)
Income (loss) from continuing operations before income taxes:(26,960)(112,410)68,30352,28224,99168,785
Income tax expense (benefit)1,382(3,371)(16,286)(5,479)(5,312)(20,361)
Net income (loss) available to common stockholders, diluted:(25,578)(115,781)52,01746,80319,67948,424

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(25,578)(115,781)52,01746,80319,67948,424
Other comprehensive income (loss)   1,3962,142(430)
Comprehensive income (loss):(25,578)(115,781)52,01748,19921,82147,994
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,955(822)(2,299)   
Comprehensive income (loss), net of tax, attributable to parent:(23,623)(116,603)49,71848,19921,82147,994

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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