AeroVironment, Inc. (AVAV) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
241 18TH STREET SOUTH, SUITE 415 ARLINGTON, VA 22202 |
| State of Incorp. | DE |
| Fiscal Year End | April 30 |
| Industry (SIC) | 3721 - Aircraft (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 7/31/2023 MRQ | 4/30/2023 | 1/31/2023 MRQ | 4/30/2022 | 4/30/2021 | 4/30/2020 | 4/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 132,859 | 78,276 | 101,947 | 180,712 | 302,649 | 323,195 | |||
| Cash and cash equivalents | 132,859 | 78,276 | 77,231 | 148,741 | 255,142 | 172,708 | |||
| Short-term investments | 24,716 | 31,971 | 47,507 | 150,487 | |||||
| Receivables | 193,286 | 171,340 | 164,806 | 134,279 | 149,497 | 84,919 | |||
| Inventory, net of allowances, customer advances and progress billings | 138,814 | 125,942 | 90,629 | 71,646 | 45,535 | 54,056 | |||
| Inventory | 138,814 | 125,942 | 90,629 | 71,646 | 45,535 | 54,056 | |||
| Other undisclosed current assets | 12,043 | 15,323 | 11,527 | 15,001 | 6,246 | 7,418 | |||
| Total current assets: | 477,002 | 390,881 | 368,909 | 401,638 | 503,927 | 469,588 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 27,363 | 28,336 | 26,769 | 22,902 | 8,793 | ✕ | |||
| Property, plant and equipment | 39,795 | 45,388 | 62,296 | 58,896 | 21,694 | 16,905 | |||
| Long-term investments and receivables | 23,613 | 19,319 | 15,433 | 12,156 | 15,030 | 9,386 | |||
| Long-term investments | 23,613 | 19,319 | 15,433 | 12,156 | 15,030 | 9,386 | |||
| Intangible assets, net (including goodwill) | 224,378 | 419,997 | 431,571 | 420,473 | 19,977 | ||||
| Goodwill | 180,801 | 336,555 | 334,347 | 314,205 | 6,340 | ||||
| Intangible assets, net (excluding goodwill) | 43,577 | 83,442 | 97,224 | 106,268 | 13,637 | ||||
| Deferred income tax assets | 27,206 | 8,540 | 7,290 | 2,061 | 4,928 | ✕ | |||
| Other noncurrent assets | 5,220 | 8,741 | 1,932 | 10,440 | 10,605 | 6,280 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,685 | ||
| Total noncurrent assets: | 347,575 | 530,321 | 545,291 | 526,928 | 81,027 | 39,256 | |||
| TOTAL ASSETS: | 824,577 | 921,202 | 914,200 | 928,566 | 584,954 | 508,844 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 69,334 | 53,581 | 45,401 | 53,770 | 44,896 | 34,479 | |||
| Taxes payable | ✕ | ✕ | ✕ | 759 | 861 | 1,065 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 25,398 | 28,068 | 23,972 | 18,507 | ||
| Accounts payable | 31,355 | 26,420 | 19,244 | 24,841 | 19,859 | 15,972 | |||
| Accrued liabilities | 37,979 | 27,161 | |||||||
| Deferred revenue | 16,645 | 22,553 | 8,968 | 7,183 | 7,899 | ✕ | |||
| Debt | 7,500 | 10,000 | 10,000 | 10,000 | 3,380 | ||||
| Self insurance reserve | 1,383 | 1,653 | 1,181 | ||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,962 | ||
| Other liabilities | 19,626 | 22,469 | 30,203 | 19,078 | 10,778 | 7,425 | |||
| Other undisclosed current liabilities | 6,846 | 7,794 | 5,166 | 4,973 | |||||
| Total current liabilities: | 121,334 | 116,397 | 101,391 | 96,185 | 66,953 | 44,866 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 125,904 | 155,763 | 199,755 | 206,615 | 6,833 | ||||
| Long-term debt, excluding current maturities | 125,904 | 155,763 | 177,840 | 187,512 | |||||
| Liabilities, other than long-term debt | 26,369 | 27,529 | 4,844 | 13,659 | 1,267 | 1,403 | |||
| Deferred rent credit | 1,173 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 29 | ||
| Deferred income tax liabilities | 1,729 | 2,707 | 2,626 | ✕ | |||||
| Liability for uncertainty in income taxes | 2,705 | 1,450 | 1,450 | 3,518 | 1,017 | 51 | |||
| Other liabilities | 746 | 742 | 768 | 10,141 | 250 | 150 | |||
| Operating lease, liability | 21,189 | 22,630 | 21,915 | 19,103 | 6,833 | ✕ | |||
| Total noncurrent liabilities: | 152,273 | 183,292 | 204,599 | 220,274 | 8,100 | 1,403 | |||
| Total liabilities: | 273,607 | 299,689 | 305,990 | 316,459 | 75,053 | 46,269 | |||
| Equity | |||||||||
| Equity, attributable to parent | 550,970 | 621,513 | 607,969 | 612,093 | 509,901 | 462,571 | |||
| Common stock | 4 | 4 | 2 | 2 | 2 | 2 | |||
| Additional paid in capital | 384,397 | 295,070 | 267,248 | 260,327 | 181,481 | 176,216 | |||
| Accumulated other comprehensive income (loss) | (4,452) | (5,055) | (6,514) | 343 | 328 | 2 | |||
| Retained earnings | 171,021 | 331,494 | 347,233 | 351,421 | 328,090 | 286,351 | |||
| Equity, attributable to noncontrolling interest | 241 | 14 | 4 | ||||||
| Total equity: | 550,970 | 621,513 | 608,210 | 612,107 | 509,901 | 462,575 | |||
| TOTAL LIABILITIES AND EQUITY: | 824,577 | 921,202 | 914,200 | 928,566 | 584,954 | 508,844 | |||
Income Statement (P&L) ($ in thousands)
| 7/31/2023 TTM | 4/30/2023 | 1/31/2023 TTM | 4/30/2022 | 4/30/2021 | 4/30/2020 | 4/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 540,536 | 487,117 | 445,732 | 394,912 | 367,296 | 314,274 | ||
| Revenue from related parties | ✕ | 13,088 | 43,325 | 42,426 | 60,864 | 55,407 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (367,022) | (333,381) | (304,496) | (230,354) | (214,194) | (185,871) | ||
| Gross profit: | 173,514 | 153,736 | 141,236 | 164,558 | 153,102 | 128,403 | ||
| Operating expenses | (352,177) | (153,704) | (151,123) | (121,245) | (105,967) | (94,577) | ||
| Operating income (loss): | (178,663) | 32 | (9,887) | 43,313 | 47,135 | 33,826 | ||
| Nonoperating income (expense) | (346) | (2,136) | (10,313) | (8,330) | 5,535 | 16,652 | ||
| Investment income, nonoperating | 4,828 | 4,672 | ||||||
| Other nonoperating income (expense) | (346) | (2,136) | (10,313) | (8,330) | 707 | 11,980 | ||
| Interest and debt expense | (145) | |||||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (9,368) | 5,221 | 1,057 | (473) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (188,377) | 3,117 | (19,143) | 34,365 | 52,670 | 50,478 | ||
| Income (loss) from equity method investments | (2,453) | 5,726 | 5,889 | (10,481) | (5,487) | (3,944) | ||
| Other undisclosed loss from continuing operations before income taxes | (6,722) | |||||||
| Income (loss) from continuing operations before income taxes: | (190,830) | 2,121 | (13,254) | 23,884 | 47,183 | 46,534 | ||
| Income tax expense (benefit) | 14,663 | (7,113) | 10,369 | (539) | (5,848) | (4,641) | ||
| Other undisclosed loss from continuing operations | (1,300) | (1,300) | ||||||
| Income (loss) from continuing operations: | (176,167) | (6,292) | (4,185) | 23,345 | 41,335 | 41,893 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (6,033) | (4,185) | 23,345 | 41,070 | 47,419 | ||
| Income (loss) from discontinued operations | (265) | 5,526 | ||||||
| Other undisclosed net income (loss) | (2,190) | |||||||
| Net income (loss) attributable to parent: | (176,167) | (8,482) | (4,185) | 23,345 | 41,070 | 47,419 | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (45) | 1 | (3) | (14) | 4 | 19 | ||
| Net income (loss) available to common stockholders, diluted: | (176,212) | (8,481) | (4,188) | 23,331 | 41,074 | 47,438 | ||
Comprehensive Income ($ in thousands)
| 7/31/2023 TTM | 4/30/2023 | 1/31/2023 TTM | 4/30/2022 | 4/30/2021 | 4/30/2020 | 4/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (176,167) | (8,482) | (4,185) | 23,345 | 41,070 | 47,419 | ||
| Other comprehensive loss | (14) | (51) | ||||||
| Other undisclosed comprehensive income (loss) | 2,062 | (1,621) | (6,857) | 15 | 340 | 93 | ||
| Comprehensive income (loss): | (174,105) | (10,103) | (11,042) | 23,360 | 41,396 | 47,461 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (45) | 1 | (3) | (14) | 4 | 19 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (174,150) | (10,102) | (11,045) | 23,346 | 41,400 | 47,480 | ||
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.