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 investments132,85978,276101,947180,712302,649323,195
Cash and cash equivalents132,85978,27677,231148,741255,142172,708
Short-term investments   24,71631,97147,507150,487
Receivables193,286171,340164,806134,279149,49784,919
Inventory, net of allowances, customer advances and progress billings138,814125,94290,62971,64645,53554,056
Inventory138,814125,94290,62971,64645,53554,056
Other undisclosed current assets12,04315,32311,52715,0016,2467,418
Total current assets:477,002390,881368,909401,638503,927469,588
Noncurrent Assets
Operating lease, right-of-use asset27,36328,33626,76922,9028,793
Property, plant and equipment39,79545,38862,29658,89621,69416,905
Long-term investments and receivables23,61319,31915,43312,15615,0309,386
Long-term investments23,61319,31915,43312,15615,0309,386
Intangible assets, net (including goodwill)224,378419,997431,571420,47319,977 
Goodwill180,801336,555334,347314,2056,340 
Intangible assets, net (excluding goodwill)43,57783,44297,224106,26813,637 
Deferred income tax assets27,2068,5407,2902,0614,928
Other noncurrent assets5,2208,7411,93210,44010,6056,280
Deferred tax assets, net6,685
Total noncurrent assets:347,575530,321545,291526,92881,02739,256
TOTAL ASSETS:824,577921,202914,200928,566584,954508,844
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69,33453,58145,40153,77044,89634,479
Taxes payable7598611,065 
Employee-related liabilities25,39828,06823,97218,507
Accounts payable31,35526,42019,24424,84119,85915,972
Accrued liabilities37,97927,161    
Deferred revenue16,64522,5538,9687,1837,899
Debt7,50010,00010,00010,0003,380 
Self insurance reserve 1,383 1,6531,181  
Contract with customer, liability2,962
Other liabilities19,62622,46930,20319,07810,7787,425
Other undisclosed current liabilities6,8467,7945,1664,973  
Total current liabilities:121,334116,397101,39196,18566,95344,866
Noncurrent Liabilities
Long-term debt and lease obligation125,904155,763199,755206,6156,833 
Long-term debt, excluding current maturities125,904155,763177,840187,512  
Liabilities, other than long-term debt26,36927,5294,84413,6591,2671,403
Deferred rent credit      1,173
Deferred tax liabilities, net29
Deferred income tax liabilities1,7292,7072,626  
Liability for uncertainty in income taxes2,7051,4501,4503,5181,01751
Other liabilities74674276810,141250150
Operating lease, liability21,18922,63021,91519,1036,833
Total noncurrent liabilities:152,273183,292204,599220,2748,1001,403
Total liabilities:273,607299,689305,990316,45975,05346,269
Equity
Equity, attributable to parent550,970621,513607,969612,093509,901462,571
Common stock442222
Additional paid in capital384,397295,070267,248260,327181,481176,216
Accumulated other comprehensive income (loss)(4,452)(5,055)(6,514)3433282
Retained earnings171,021331,494347,233351,421328,090286,351
Equity, attributable to noncontrolling interest   24114 4
Total equity:550,970621,513608,210612,107509,901462,575
TOTAL LIABILITIES AND EQUITY:824,577921,202914,200928,566584,954508,844

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
Revenues540,536487,117445,732394,912367,296314,274
Revenue from related parties 13,08843,32542,42660,86455,407
Cost of revenue
(Cost of Goods and Services Sold)
(367,022)(333,381)(304,496)(230,354)(214,194)(185,871)
Gross profit:173,514153,736141,236164,558153,102128,403
Operating expenses(352,177)(153,704)(151,123)(121,245)(105,967)(94,577)
Operating income (loss):(178,663)32(9,887)43,31347,13533,826
Nonoperating income (expense)(346)(2,136)(10,313)(8,330)5,53516,652
Investment income, nonoperating     4,8284,672
Other nonoperating income (expense)(346)(2,136)(10,313)(8,330)70711,980
Interest and debt expense    (145)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(9,368)5,2211,057(473)  
Income (loss) from continuing operations before equity method investments, income taxes:(188,377)3,117(19,143)34,36552,67050,478
Income (loss) from equity method investments (2,453)5,7265,889(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)23,88447,18346,534
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)23,34541,33541,893
Income (loss) before gain (loss) on sale of properties:(6,033)(4,185)23,34541,07047,419
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)23,34541,07047,419
Other undisclosed net income (loss) available to common stockholders, basic(45)1(3)(14)419
Net income (loss) available to common stockholders, diluted:(176,212)(8,481)(4,188)23,33141,07447,438

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)23,34541,07047,419
Other comprehensive loss     (14)(51)
Other undisclosed comprehensive income (loss)2,062(1,621)(6,857)1534093
Comprehensive income (loss):(174,105)(10,103)(11,042)23,36041,39647,461
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(45)1(3)(14)419
Comprehensive income (loss), net of tax, attributable to parent:(174,150)(10,102)(11,045)23,34641,40047,480

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.

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