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 |
| SIC | 3721 - Aircraft (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 1/31/2022 Q3 | 10/31/2021 Q2 | 7/31/2021 Q1 | 4/30/2021 Q4 | 1/31/2021 Q3 | 10/31/2020 Q2 | 7/31/2020 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 86,497 | 111,081 | 111,877 | 180,712 | 373,042 | 347,236 | 318,173 | ||
| Cash and cash equivalents | 82,528 | 104,770 | 93,924 | 148,741 | 324,543 | 280,099 | 246,839 | ||
| Short-term investments | 3,969 | 6,311 | 17,953 | 31,971 | 48,499 | 67,137 | 71,334 | ||
| Receivables | 166,310 | 157,291 | 133,217 | 134,279 | 87,705 | 101,274 | 117,148 | ||
| Inventory, net of allowances, customer advances and progress billings | 89,616 | 81,944 | 84,852 | 71,646 | 53,104 | 51,779 | 45,530 | ||
| Inventory | 89,616 | 81,944 | 84,852 | 71,646 | 53,104 | 51,779 | 45,530 | ||
| Other undisclosed current assets | 12,099 | 13,761 | 14,972 | 15,001 | 7,693 | 7,310 | 5,941 | ||
| Total current assets: | 354,522 | 364,077 | 344,918 | 401,638 | 521,544 | 507,599 | 486,792 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 24,848 | 26,058 | 27,649 | 22,902 | 11,281 | 12,363 | 13,612 | ||
| Property, plant and equipment | 65,377 | 68,217 | 66,563 | 58,896 | 22,920 | 22,868 | 22,907 | ||
| Long-term investments and receivables | 12,388 | 11,271 | 10,165 | 12,156 | 11,222 | 20,976 | 20,338 | ||
| Long-term investments | 12,388 | 11,271 | 10,165 | 12,156 | 11,222 | 20,976 | 20,338 | ||
| Intangible assets, net (including goodwill) | 438,989 | 446,508 | 452,884 | 420,473 | 17,892 | 18,553 | 19,268 | ||
| Goodwill | 335,164 | 335,888 | 335,029 | 314,205 | 6,340 | 6,340 | 6,340 | ||
| Intangible assets, net (excluding goodwill) | 103,825 | 110,620 | 117,855 | 106,268 | 11,552 | 12,213 | 12,928 | ||
| Deferred income tax assets | 3,258 | 2,900 | 2,534 | 2,061 | 5,821 | 5,546 | 5,262 | ||
| Other noncurrent assets | 5,881 | 6,276 | 3,840 | 10,440 | 312 | 102 | 9,640 | ||
| Total noncurrent assets: | 550,741 | 561,230 | 563,635 | 526,928 | 69,448 | 80,408 | 91,027 | ||
| TOTAL ASSETS: | 905,263 | 925,307 | 908,553 | 928,566 | 590,992 | 588,007 | 577,819 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 36,572 | 43,354 | 38,662 | 53,770 | 38,288 | 35,980 | 27,385 | ||
| Accounts payable | 15,118 | 21,443 | 18,046 | 24,841 | 15,837 | 14,225 | 11,740 | ||
| Employee-related liabilities | 21,207 | 21,697 | 20,067 | 28,068 | 20,081 | 18,737 | 13,025 | ||
| Taxes payable | 247 | 214 | 549 | 861 | 2,370 | 3,018 | 2,620 | ||
| Deferred revenue | 6,864 | 10,322 | 9,117 | 7,183 | 4,279 | 2,957 | 5,725 | ||
| Debt | 10,000 | 10,000 | 10,000 | 10,000 | 4,478 | ||||
| Self insurance reserve | 1,181 | ||||||||
| Other liabilities | 27,897 | 31,313 | 18,134 | 19,078 | 9,158 | 10,511 | 8,735 | ||
| Other undisclosed current liabilities | 6,150 | 6,440 | 6,747 | 4,973 | 4,403 | 4,030 | |||
| Total current liabilities: | 87,483 | 101,429 | 82,660 | 96,185 | 56,128 | 53,478 | 46,323 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 201,076 | 204,434 | 208,189 | 206,615 | 8,426 | 9,422 | 10,344 | ||
| Long-term debt, excluding current maturities | 180,398 | 182,769 | 185,141 | 187,512 | |||||
| Operating lease, liability | 20,678 | 21,665 | 23,048 | 19,103 | 8,426 | 9,422 | 10,344 | ||
| Liabilities, other than long-term debt | 13,989 | 19,210 | 19,387 | 13,659 | 1,260 | 1,260 | 1,260 | ||
| Deferred income tax liabilities | 5,198 | 5,390 | 5,533 | ||||||
| Liability for uncertainty in income taxes | 3,518 | 3,518 | 3,518 | 3,518 | 1,017 | 1,017 | 1,017 | ||
| Other liabilities | 5,273 | 10,302 | 10,336 | 10,141 | 243 | 243 | 243 | ||
| Total noncurrent liabilities: | 215,065 | 223,644 | 227,576 | 220,274 | 9,686 | 10,682 | 11,604 | ||
| Total liabilities: | 302,548 | 325,073 | 310,236 | 316,459 | 65,814 | 64,160 | 57,927 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 602,428 | 599,902 | 598,240 | 612,093 | 525,190 | 523,906 | 519,929 | ||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Additional paid in capital | 265,885 | 261,612 | 261,192 | 260,327 | 184,366 | 183,298 | 181,406 | ||
| Accumulated other comprehensive income (loss) | (3,434) | (1,677) | (394) | 343 | 347 | 342 | 351 | ||
| Retained earnings | 339,975 | 339,965 | 337,440 | 351,421 | 340,475 | 340,264 | 338,170 | ||
| Stockholders' equity attributable to noncontrolling interest | 287 | 332 | 77 | 14 | (12) | (59) | (37) | ||
| Total stockholders' equity: | 602,715 | 600,234 | 598,317 | 612,107 | 525,178 | 523,847 | 519,892 | ||
| TOTAL LIABILITIES AND EQUITY: | 905,263 | 925,307 | 908,553 | 928,566 | 590,992 | 588,007 | 577,819 | ||
Income statement (P&L) ($ in thousands)
| 1/31/2022 Q3 | 10/31/2021 Q2 | 7/31/2021 Q1 | 4/30/2021 Q4 | 1/31/2021 Q3 | 10/31/2020 Q2 | 7/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 90,093 | 122,008 | 101,009 | 136,015 | 78,782 | 92,665 | 87,450 | |
| Revenue from related parties | 9,543 | 10,342 | 10,352 | 7,108 | 7,480 | 11,452 | 16,386 | |
| Cost of revenue (Cost of Goods and Services Sold) | (68,657) | (79,553) | (72,286) | (76,360) | (50,141) | (51,814) | (52,039) | |
| Gross profit: | 21,436 | 42,455 | 28,723 | 59,655 | 28,641 | 40,851 | 35,411 | |
| Operating expenses | (35,562) | (39,116) | (40,836) | (41,895) | (29,283) | (26,953) | (23,114) | |
| Operating income (loss): | (14,126) | 3,339 | (12,113) | 17,760 | (642) | 13,898 | 12,297 | |
| Nonoperating income (expense) | 34 | (10,048) | (346) | (8,815) | 57 | 187 | 241 | |
| Investment income, nonoperating | 94 | 115 | 208 | |||||
| Other nonoperating income (expense) | 34 | (10,048) | (346) | (37) | 72 | 33 | ||
| Interest and debt expense | (129) | |||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,510) | (1,379) | (1,146) | (618) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (15,602) | (8,088) | (13,734) | 8,327 | (585) | 14,085 | 12,538 | |
| Income (loss) from equity method investments | 171 | 1,133 | (1,141) | 410 | (81) | (9,522) | (1,288) | |
| Income (loss) from continuing operations before income taxes: | (15,431) | (6,955) | (14,875) | 8,737 | (666) | 4,563 | 11,250 | |
| Income tax expense (benefit) | 15,396 | 9,511 | 957 | 2,235 | 924 | (2,491) | (1,207) | |
| Net income (loss) attributable to parent: | (35) | 2,556 | (13,918) | 10,972 | 258 | 2,072 | 10,043 | |
| Other undisclosed net income (loss) available to common stockholders, basic | 45 | (31) | (63) | (26) | (47) | 22 | 37 | |
| Net income (loss) available to common stockholders, diluted: | 10 | 2,525 | (13,981) | 10,946 | 211 | 2,094 | 10,080 | |
Comprehensive Income ($ in thousands)
| 1/31/2022 Q3 | 10/31/2021 Q2 | 7/31/2021 Q1 | 4/30/2021 Q4 | 1/31/2021 Q3 | 10/31/2020 Q2 | 7/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (35) | 2,556 | (13,918) | 10,972 | 258 | 2,072 | 10,043 | |
| Other undisclosed comprehensive income (loss) | (1,757) | (1,283) | (737) | (4) | 5 | (9) | 23 | |
| Comprehensive income (loss): | (1,792) | 1,273 | (14,655) | 10,968 | 263 | 2,063 | 10,066 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 45 | (31) | (63) | (26) | (47) | 22 | 37 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (1,747) | 1,242 | (14,718) | 10,942 | 216 | 2,085 | 10,103 | |
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.