Aviat Networks, Inc. (AVNW) financial statements (2021 and earlier)
Company profile
| Business Address |
200 PARKER DRIVE AUSTIN, TX 78728 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| SIC | 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 TTM | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 43 | 42 | 32 | 37 | 36 | 31 | 35 | ||
| Cash and cash equivalents | 43 | 42 | 32 | 37 | 36 | 30 | 35 | ||
| Short-term investments | 0 | 0 | |||||||
| Restricted cash and investments | 0 | 1 | |||||||
| Receivables | 81 | 73 | 80 | 57 | 58 | 63 | 183 | ||
| Inventory, net of allowances, customer advances and progress billings | 9 | 21 | 22 | 27 | 33 | ||||
| Inventory | 9 | 21 | 22 | 27 | 33 | ||||
| Capitalized contract cost | 2 | 1 | ✕ | ✕ | ✕ | ✕ | |||
| Assets held-for-sale, not part of disposal group | 2 | ✕ | |||||||
| Costs in excess of billings | ✕ | ✕ | ✕ | 5 | 17 | ||||
| Other current assets | 11 | 10 | 5 | 6 | 6 | 11 | 15 | ||
| Other undisclosed current assets | 17 | 14 | 1 | 2 | 2 | 3 | (87) | ||
| Total current assets: | 156 | 140 | 126 | 123 | 125 | 140 | 196 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3 | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 13 | 17 | 17 | 17 | 16 | 18 | 24 | ||
| Restricted cash and investments | 0 | 0 | |||||||
| Deferred income tax assets | 12 | 13 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 8 | 7 | 12 | 10 | 5 | 1 | 2 | ||
| Deferred tax assets, net | ✕ | ✕ | 6 | 6 | |||||
| Other undisclosed noncurrent assets | 14 | 5 | 8 | ||||||
| Total noncurrent assets: | 37 | 40 | 43 | 33 | 28 | 26 | 34 | ||
| TOTAL ASSETS: | 193 | 180 | 169 | 156 | 153 | 166 | 229 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 64 | 59 | 58 | 57 | 56 | 56 | 74 | ||
| Accounts payable | 38 | 32 | 36 | 31 | 34 | 33 | 47 | ||
| Accrued liabilities | 26 | 27 | 23 | 26 | 22 | 23 | 20 | ||
| Employee-related liabilities | 8 | ||||||||
| Deferred revenue | 26 | 22 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 9 | 9 | 9 | 9 | 9 | 9 | |||
| Restructuring reserve | 1 | 3 | 1 | 1 | 1 | 4 | 4 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 20 | 31 | 42 | |||
| Contract with customer, liability | ✕ | ✕ | 14 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 1 | 1 | (0) | 19 | 0 | ||||
| Total current liabilities: | 92 | 94 | 82 | 86 | 86 | 100 | 129 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2 | 2 | |||||||
| Operating lease, liability | 2 | 2 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 15 | 15 | 14 | 5 | 12 | 13 | 13 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 7 | 8 | 9 | |||
| Deferred revenue | 8 | 8 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | 10 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | 2 | 1 | |||||
| Deferred income tax liabilities | 1 | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liability for uncertainty in income taxes | 5 | 6 | 4 | 3 | 2 | 1 | 1 | ||
| Restructuring reserve | 0 | 1 | 1 | ||||||
| Other liabilities | 0 | 0 | 1 | 1 | 1 | 1 | 2 | ||
| Other undisclosed noncurrent liabilities | 1 | 7 | 4 | ||||||
| Total noncurrent liabilities: | 17 | 17 | 15 | 12 | 12 | 13 | 17 | ||
| Total liabilities: | 109 | 111 | 98 | 99 | 98 | 113 | 146 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 85 | 69 | 72 | 58 | 54 | 53 | 84 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| Additional paid in capital | 817 | 814 | 815 | 816 | 814 | 812 | 809 | ||
| Accumulated other comprehensive loss | (14) | (15) | (13) | (13) | (12) | (11) | (9) | ||
| Accumulated deficit | (718) | (731) | (731) | (746) | (748) | (747) | (718) | ||
| Stockholders' equity attributable to noncontrolling interest | 1 | 0 | 0 | ||||||
| Total stockholders' equity: | 85 | 69 | 72 | 58 | 54 | 53 | 84 | ||
| TOTAL LIABILITIES AND EQUITY: | 193 | 180 | 169 | 156 | 153 | 166 | 229 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 TTM | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 261 | 239 | 244 | 243 | 242 | 269 | 336 | |
| Revenue, net | ✕ | ✕ | ✕ | 242 | 269 | 336 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (166) | (154) | (165) | (162) | (166) | (207) | (255) | |
| Gross profit: | 95 | 85 | 79 | 81 | 75 | 62 | 81 | |
| Operating expenses | (77) | (81) | (78) | (79) | (76) | (89) | (107) | |
| Operating income (loss): | 18 | 3 | 1 | 1 | (1) | (27) | (26) | |
| Nonoperating income (expense) | 0 | 0 | 0 | (0) | 0 | (1) | (3) | |
| Investment income, nonoperating | 0 | 0 | 0 | 0 | 1 | 0 | 0 | |
| Foreign currency transaction gain (loss), before tax | (1) | 0 | (1) | (3) | ||||
| Other nonoperating expense | (1) | |||||||
| Interest and debt expense | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | 0 | 0 | 3 | ||||
| Income (loss) from continuing operations before income taxes: | 18 | 4 | 2 | 1 | (1) | (29) | (26) | |
| Income tax expense (benefit) | (4) | (3) | 8 | 1 | (0) | (2) | 1 | |
| Income (loss) from continuing operations: | 14 | 0 | 10 | 2 | (1) | (30) | (25) | |
| Income from discontinued operations | 1 | 0 | ||||||
| Net income (loss): | 14 | 0 | 10 | 2 | (1) | (30) | (25) | |
| Net loss attributable to noncontrolling interest | (0) | (0) | (0) | (0) | ||||
| Net income (loss) available to common stockholders, diluted: | 14 | 0 | 10 | 2 | (1) | (30) | (25) | |
Comprehensive Income ($ in millions)
| 12/31/2020 TTM | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 14 | 0 | 10 | 2 | (1) | (30) | (25) | |
| Other comprehensive loss | (2) | (0) | (1) | (1) | (3) | (6) | ||
| Other undisclosed comprehensive loss | (2) | |||||||
| Comprehensive income (loss): | 12 | (2) | 10 | 1 | (1) | (32) | (30) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | (0) | ||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 1 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 13 | (2) | 10 | 1 | (1) | (32) | (30) | |
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.