EMCORE Corporation (EMKR) financial statements (2022 and earlier)

Company profile

Business Address 2015 W. CHESTNUT STREET
ALHAMBRA, CA 91803
State of Incorp. NJ
Fiscal Year End September 30
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:74,89671,68230,53821,97768,75463,905111,885
Cash and cash equivalents74,89671,62130,39021,57468,33363,905111,885
Other undisclosed cash, cash equivalents, and short-term investments 61148403421  
Restricted cash and investments1,062    965375
Receivables32,38231,84925,30018,50022,26518,43217,319
Inventory, net of allowances, customer advances and progress billings31,28332,30925,52524,05127,82627,68117,130
Inventory31,28332,30925,52524,05127,82627,68117,130
Contract with customer, asset2383611,5661,055
Other undisclosed current assets8,0988,1187,1816,3865,8402334,976
Total current assets:147,959144,31990,11071,969124,685111,216151,685
Noncurrent Assets
Inventory, Noncurrent    2,6863,531 
Operating lease, right-of-use asset20,14013,48914,566 
Property, plant and equipment23,21922,54421,05237,22316,63512,2138,925
Long-term investments and receivables      (3,561)
Accounts and financing receivable, after allowance for credit loss      (3,561)
Intangible assets, net (including goodwill)230236271308   
Goodwill69696969   
Intangible assets, net (excluding goodwill)161167202239   
Other noncurrent assets2132252426278251297
Other undisclosed noncurrent assets      3,561
Total noncurrent assets:43,80236,49436,13137,59319,39915,9959,222
TOTAL ASSETS:191,761180,813126,241109,562144,084127,211160,907
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities25,39126,25827,54224,50920,99517,55415,264
Accounts payable17,03316,68616,48410,70111,81810,5757,189
Accrued liabilities2,9592,2762,8777,4882,3532,4074,001
Employee-related liabilities5,1807,1926,9165,1853,9043,6283,036
Taxes payable2191041,2651,1352,9209441,038
Deferred revenue873364502541
Debt  9925,497   
Restructuring reserve1,113 171726286421,448
Self insurance reserve     25606
Deferred revenue and credits  65
Customer advances and deposits2038133
Other undisclosed current liabilities9411,198    6,175
Total current liabilities:28,31827,82029,05330,71921,64318,25923,691
Noncurrent Liabilities
Long-term debt and lease obligation19,62812,68413,735    
Operating lease, liability19,62812,68413,735 
Liabilities, other than long-term debt2,8522,8432,8162,0971,6671,6351,774
Asset retirement obligations2,0582,0492,0221,8901,6381,5731,774
Other liabilities7947947942072962 
Other undisclosed noncurrent liabilities  6,488    
Total noncurrent liabilities:22,48015,52723,0392,0971,6671,6351,774
Total liabilities:50,79843,34752,09232,81623,31019,89425,465
Stockholders' equity
Stockholders' equity attributable to parent, including:140,963137,46674,14976,746120,774107,317135,442
Common stock783,329782,266744,361739,926730,906725,880 
Treasury stock, value(47,721)(47,721)(47,721)(47,721)(47,721)(47,721)(47,721)
Accumulated other comprehensive income707687918950561579847
Accumulated deficit(595,352)(597,766)(623,409)(616,409)(562,972)(571,421)(579,687)
Other undisclosed stockholders' equity attributable to parent      762,003
Total stockholders' equity:140,963137,46674,14976,746120,774107,317135,442
TOTAL LIABILITIES AND EQUITY:191,761180,813126,241109,562144,084127,211160,907

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2017
9/30/2016
9/30/2015
Revenues167,254158,444110,12887,265122,89591,99881,685
Cost of revenue(102,541)(96,956)(74,546)(72,176)(80,361)(61,044)(52,994)
Gross profit:64,71361,48835,58215,08942,53430,95428,691
Operating expenses(45,741)(42,507)(42,616)(51,221)(34,793)(28,015)(33,213)
Operating income (loss):18,97218,981(7,034)(36,132)7,7412,939(4,522)
Nonoperating income (expense)7,0777,23494202643(306)59
Foreign currency transaction gain (loss), before tax12207198(427)82(394)(138)
Other nonoperating income    316  
Interest and debt expense6,5616,561     
Income (loss) from continuing operations before equity method investments, income taxes:32,61032,776(6,940)(35,930)8,3842,633(4,463)
Other undisclosed loss from continuing operations before income taxes(6,561)(6,561)     
Income (loss) from continuing operations before income taxes:26,04926,215(6,940)(35,930)8,3842,633(4,463)
Income tax expense (benefit)(561)(572)(60)(54)(163)(14)2,191
Income (loss) from continuing operations:25,48825,643(7,000)(35,984)8,2212,619(2,272)
Income from discontinued operations    145,64765,372
Net income (loss) available to common stockholders, diluted:25,48825,643(7,000)(35,984)8,2358,26663,100

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2017
9/30/2016
9/30/2015
Net income (loss):25,48825,643(7,000)(35,984)8,2358,26663,100
Comprehensive income (loss):25,48825,643(7,000)(35,984)8,2358,26663,100
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(201)(231)(32)65(18)(268)(990)
Comprehensive income (loss), net of tax, attributable to parent:25,28725,412(7,032)(35,919)8,2177,99862,110

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.

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