AeroVironment Inc. (AVAV) Financial Statements (2024 and earlier)

Company Profile

Business Address 241 18TH STREET SOUTH, SUITE 650
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)

7/31/2024
MRQ
4/30/2024
1/31/2024
MRQ
4/30/2023
4/30/2022
4/30/2021
4/30/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73,301107,694132,859101,947180,712302,649
Cash and cash equivalents73,301107,694132,85977,231148,741255,142
Short-term investments    24,71631,97147,507
Receivables269,779209,905193,286164,806134,279149,497
Inventory, net of allowances, customer advances and progress billings150,168161,384138,81490,62971,64645,535
Inventory150,168161,384138,81490,62971,64645,535
Other undisclosed current assets22,33321,70812,04311,52715,0016,246
Total current assets:515,581500,691477,002368,909401,638503,927
Noncurrent Assets
Operating lease, right-of-use asset30,03328,90427,36326,76922,9028,793
Property, plant and equipment46,60245,05339,79562,29658,89621,694
Long-term investments and receivables20,96021,28223,61315,43312,15615,030
Long-term investments20,96021,28223,61315,43312,15615,030
Intangible assets, net (including goodwill)347,876352,786224,378431,571420,47319,977
Goodwill275,652275,189180,801334,347314,2056,340
Intangible assets, net (excluding goodwill)72,22477,59743,57797,224106,26813,637
Deferred income tax assets41,30321,37827,2067,2902,0614,928
Other noncurrent assets13,50510,2055,2201,93210,44010,605
Total noncurrent assets:500,279479,608347,575545,291526,92881,027
TOTAL ASSETS:1,015,860980,299824,577914,200928,566584,954
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities96,77256,20969,33445,40153,77044,896
Taxes payable7598611,065
Employee-related liabilities25,39828,06823,972
Accounts payable48,29826,96931,35519,24424,84119,859
Accrued liabilities48,47429,24037,979   
Deferred revenue11,19217,53616,6458,9687,1837,899
Debt10,0007,5007,50010,00010,0003,380
Self insurance reserve 1,244 1,3831,6531,181 
Other liabilities17,07417,35219,62630,20319,07810,778
Other undisclosed current liabilities8,5978,9346,8465,1664,973 
Total current liabilities:144,879107,531121,334101,39196,18566,953
Noncurrent Liabilities
Long-term debt and lease obligation17,09231,292125,904199,755206,6156,833
Long-term debt, excluding current maturities17,09231,292125,904177,840187,512 
Liabilities, other than long-term debt31,14428,49126,3694,84413,6591,267
Deferred income tax liabilities6641,7031,7292,626  
Liability for uncertainty in income taxes5,6032,7052,7051,4503,5181,017
Other liabilities2,1322,10574676810,141250
Operating lease, liability22,74521,97821,18921,91519,1036,833
Total noncurrent liabilities:48,23659,783152,273204,599220,2748,100
Total liabilities:193,115167,314273,607305,990316,45975,053
Equity
Equity, attributable to parent822,745812,985550,970607,969612,093509,901
Common stock444222
Additional paid in capital597,646593,228384,397267,248260,327181,481
Accumulated other comprehensive income (loss)(5,592)(4,888)(4,452)(6,514)343328
Retained earnings230,687224,641171,021347,233351,421328,090
Equity, attributable to noncontrolling interest    24114 
Total equity:822,745812,985550,970608,210612,107509,901
TOTAL LIABILITIES AND EQUITY:1,015,860980,299824,577914,200928,566584,954

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

7/31/2024
TTM
4/30/2024
1/31/2024
TTM
4/30/2023
4/30/2022
4/30/2021
4/30/2020
Revenues716,720705,782540,536445,732394,912367,296
Revenue from related parties 43,32542,42660,864
Cost of revenue
(Cost of Goods and Services Sold)
(432,789)(429,085)(367,022)(304,496)(230,354)(214,194)
Gross profit:283,931276,697173,514141,236164,558153,102
Operating expenses(212,107)(376,500)(352,177)(151,123)(121,245)(105,967)
Other undisclosed operating income      
Operating income (loss):71,824(99,803)(178,663)(9,887)43,31347,135
Nonoperating income (expense)(4,373)(1,146)(346)(10,313)(8,330)5,535
Investment income, nonoperating      4,828
Other nonoperating income (expense)(4,373)(1,146)(346)(10,313)(8,330)707
Interest and debt expense     (145) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(4,220)(9,368)(9,368)1,057(473) 
Income (loss) from continuing operations before equity method investments, income taxes:63,231(110,317)(188,377)(19,143)34,36552,670
Income (loss) from equity method investments (1,674) (2,453)5,889(10,481)(5,487)
Other undisclosed income (loss) from continuing operations before income taxes 197    
Income (loss) from continuing operations before income taxes:61,557(110,120)(190,830)(13,254)23,88447,183
Income tax expense (benefit)(1,891)2,57114,66310,369(539)(5,848)
Other undisclosed income (loss) from continuing operations   (1,300)  
Income (loss) from continuing operations:59,666(107,549)(176,167)(4,185)23,34541,335
Income (loss) before gain (loss) on sale of properties:(4,185)23,34541,070
Loss from discontinued operations      (265)
Other undisclosed net income (loss) 696    
Net income (loss) attributable to parent:59,666(106,853)(176,167)(4,185)23,34541,070
Other undisclosed net income (loss) available to common stockholders, basic   (45)(3)(14)4
Net income (loss) available to common stockholders, diluted:59,666(106,853)(176,212)(4,188)23,33141,074

Comprehensive Income ($ in thousands)

7/31/2024
TTM
4/30/2024
1/31/2024
TTM
4/30/2023
4/30/2022
4/30/2021
4/30/2020
Net income (loss):59,666(106,853)(176,167)(4,185)23,34541,070
Other comprehensive loss      (14)
Other undisclosed comprehensive income (loss)(1,140)1672,062(6,857)15340
Comprehensive income (loss):58,526(106,686)(174,105)(11,042)23,36041,396
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (45)(3)(14)4
Comprehensive income (loss), net of tax, attributable to parent:58,526(106,686)(174,150)(11,045)23,34641,400

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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