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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Receivables107,439107,69098,16198,70193,05692,947102,659
Inventory, net of allowances, customer advances and progress billings157,576157,163154,133155,254157,059163,451156,584
Inventory157,576157,163154,133155,254157,059163,451156,584
Other undisclosed current assets74,84666,98663,40856,28166,83257,27267,373
Total current assets:339,861331,839315,702310,236316,947313,670326,616
Noncurrent Assets
Operating lease, right-of-use asset16,16917,58519,04317,75018,95319,80221,782
Property, plant and equipment95,23697,43599,683104,931106,678108,111109,381
Intangible assets, net (including goodwill)152,602156,472160,424164,227168,168172,537177,088
Goodwill58,28258,28258,32958,29758,28258,18258,440
Intangible assets, net (excluding goodwill)94,32098,190102,095105,930109,886114,355118,648
Other noncurrent assets5,2706,9757,6438,8138,99923,34123,659
Total noncurrent assets:269,277278,467286,793295,721302,798323,791331,910
TOTAL ASSETS:609,138610,306602,495605,957619,745637,461658,526
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities84,47924,45630,61522,21643,74826,32035,371
Accounts payable34,86024,45630,61522,21626,44626,32035,371
Accrued liabilities27,391      
Employee-related liabilities19,607   16,285  
Taxes payable2,621   1,017  
Deferred revenue27,35622,24923,58827,40724,57124,91627,120
Debt7294942,1962,0812,2732,225
Other liabilities 47,98737,85140,723 42,83144,965
Other undisclosed current liabilities6,7067,0306,9092,66023,3362,9282,817
Total current liabilities:118,613101,81699,05795,20293,73699,268112,498
Noncurrent Liabilities
Long-term debt and lease obligation, including:175,018196,314188,245188,415173,000185,582192,749
Long-term debt, excluding current maturities163,000183,000173,000173,000173,000168,000173,000
Finance lease, liability    734  
Operating lease, liability12,01813,31415,24515,41516,63717,58219,749
Other undisclosed long-term debt and lease obligation    (17,371)  
Liabilities, other than long-term debt58,90360,51660,34262,03666,00162,76560,920
Deferred income tax liabilities1,421   2,909  
Liability, pension and other postretirement and postemployment benefits31,199   32,437  
Other liabilities26,28360,51660,34262,03630,65562,76560,920
Other undisclosed noncurrent liabilities    16,637  
Total noncurrent liabilities:233,921256,830248,587250,451255,638248,347253,669
Total liabilities:352,534358,646347,644345,653349,374347,615366,167
Stockholders' equity
Stockholders' equity attributable to parent, including:256,604251,660254,851260,304270,371289,846292,359
Common stock 353347347 346346
Treasury stock, value(108,516)   (108,516)  
Additional paid in capital92,037   82,187  
Accumulated other comprehensive loss(14,495)(16,313)(15,604)(16,653)(16,450)(15,068)(16,692)
Retained earnings287,225   312,803  
Other undisclosed stockholders' equity attributable to parent353267,620270,108276,610347304,568308,705
Total stockholders' equity:256,604251,660254,851260,304270,371289,846292,359
TOTAL LIABILITIES AND EQUITY:609,138610,306602,495605,957619,745637,461658,526

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues116,052111,841111,158105,857114,803106,506123,694
Cost of revenue
(Cost of Goods and Services Sold)
(97,588)(94,610)(95,763)(91,584)(95,685)(91,333)(96,861)
Gross profit:18,46417,23115,39514,27319,11815,17326,833
Operating expenses(27,208)(21,729)(21,315)(23,785)(111,603)(24,170)(32,904)
Other undisclosed operating income (loss)    87,016 (12,608)
Operating loss:(8,744)(4,498)(5,920)(9,512)(5,469)(8,997)(18,679)
Interest and debt expense (10)(33)(35)(44)(50)(57)
Loss from continuing operations before equity method investments, income taxes:(8,744)(4,508)(5,953)(9,547)(5,513)(9,047)(18,736)
Other undisclosed income (loss) from continuing operations before income taxes8,593(2,331)(2,213)(2,257)(2,028)(2,094)(5,715)
Loss from continuing operations before income taxes:(151)(6,839)(8,166)(11,804)(7,541)(11,141)(24,451)
Income tax expense (benefit)1,755(335)67(105)(12,444)5,887872
Net income (loss) available to common stockholders, diluted:1,604(7,174)(8,099)(11,909)(19,985)(5,254)(23,579)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):1,604(7,174)(8,099)(11,909)(19,985)(5,254)(23,579)
Comprehensive income (loss):1,604(7,174)(8,099)(11,909)(19,985)(5,254)(23,579)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,818(709)1,049(203)(1,382)1,6241,025
Comprehensive income (loss), net of tax, attributable to parent:3,422(7,883)(7,050)(12,112)(21,367)(3,630)(22,554)

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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