Extreme Networks, Inc. (EXTR) Financial Statements (2024 and earlier)

Company Profile

Business Address 2121 RDU CENTER DRIVE
MORRISVILLE, NC 27560
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 3576 - Computer Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments234,826202,521194,522246,894193,872169,607
Cash and cash equivalents234,826202,521194,522246,894193,872169,607
Receivables182,045152,050184,097156,476122,727174,414
Inventory, net of allowances, customer advances and progress billings89,02463,76349,23132,88562,58963,589
Inventory89,02463,76349,23132,88562,58963,589
Other undisclosed current assets70,26379,33161,23951,34035,01934,379
Total current assets:576,158497,665489,089487,595414,207441,989
Noncurrent Assets
Operating lease, right-of-use asset34,73932,73236,45436,92751,274
Property, plant and equipment46,44845,71149,57855,00458,81373,554
Intangible assets, net (including goodwill)410,818416,479432,659367,197399,553189,689
Goodwill394,755393,495400,144331,159331,159138,577
Intangible assets, net (excluding goodwill)16,06322,98432,51536,03868,39451,112
Other noncurrent assets73,54469,58960,73063,37055,24151,642
Total noncurrent assets:565,549564,511579,421522,498564,881314,885
TOTAL ASSETS:1,141,7071,062,1761,068,5101,010,093979,088756,874
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities183,413161,571148,900143,375113,358132,108
Employee-related liabilities53,71071,61050,88451,625
Accounts payable99,72486,35084,33860,14248,43965,704
Accrued liabilities83,68975,22110,85211,62314,03514,779
Deferred revenue282,475260,891238,262212,412190,226
Debt34,32635,81933,34923,72116,5169,011
Other liabilities64,44058,72665,71457,44958,52570,680
Other undisclosed current liabilities10,84712,09513,95618,74319,196144,230
Total current liabilities:575,501529,102500,181455,700397,821356,029
Noncurrent Liabilities
Long-term debt and lease obligation187,591222,669303,826348,380444,823169,739
Long-term debt, excluding current maturities187,591222,669270,570315,865394,585169,739
Liabilities, other than long-term debt261,863225,838174,160151,545131,04656,107
Deferred revenue219,024184,723163,357133,172100,961
Deferred tax liabilities, net1,957
Deferred income tax liabilities7,7477,5557,7173,8282,334
Other liabilities3,2473,2853,08614,54527,75154,150
Operating lease, liability31,84530,27533,25632,51550,238
Total noncurrent liabilities:449,454448,507477,986499,925575,869225,846
Total liabilities:1,024,955977,609978,167955,625973,690581,875
Equity
Equity, attributable to parent116,75284,56790,34354,4685,398115,987
Common stock144142140133127122
Treasury stock, value(187,946)(137,889)(88,086)(43,113)(43,113)(15,000)
Additional paid in capital1,173,7441,139,4161,115,4161,078,6021,035,041986,772
Accumulated other comprehensive loss(13,192)(13,546)(3,055)(2,811)(6,378)(2,473)
Accumulated deficit(855,998)(903,556)(934,072)(978,343)(980,279)(853,434)
Total equity:116,75284,56790,34354,4685,398115,987
Other undisclosed liabilities and equity      59,012
TOTAL LIABILITIES AND EQUITY:1,141,7071,062,1761,068,5101,010,093979,088756,874

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues1,312,4541,179,7411,112,3211,009,418948,019995,789
Cost of revenue
(Cost of Goods and Services Sold)
(557,734)(515,829)(482,383)(424,295)(430,180)(444,554)
Gross profit:754,720663,912629,938585,123517,839551,235
Operating expenses(646,407)(595,313)(565,750)(550,747)(616,738)(565,961)
Operating income (loss):108,31368,59964,18834,376(98,899)(14,726)
Nonoperating income (expense)23649383(3,887)737(1,291)
Investment income, nonoperating      (508)
Loss, foreign currency transaction, before tax    (2,200)  
Other nonoperating income (expense)23649383(1,687)737(783)
Interest and debt expense(17,385)(13,543)(12,789)(22,856)(23,750)(12,597)
Other undisclosed income from continuing operations before equity method investments, income taxes    2,5521,4202,740
Income (loss) from continuing operations before equity method investments, income taxes:90,95155,70551,78210,185(120,492)(25,874)
Other undisclosed income from continuing operations before income taxes3,1551,500412   
Income (loss) from continuing operations before income taxes:94,10657,20552,19410,185(120,492)(25,874)
Income tax expense (benefit)(16,032)(8,455)(7,923)(8,249)(6,353)21
Income (loss) from continuing operations:78,07448,75044,2711,936(126,845)(25,853)
Income (loss) before gain (loss) on sale of properties:30,81944,2711,936(126,845)(25,853)
Net income (loss) available to common stockholders, diluted:78,07448,75044,2711,936(126,845)(25,853)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):78,07448,75044,2711,936(126,845)(25,853)
Other comprehensive income (loss)(10,137)(10,755)(244)3,567(3,905)(273)
Comprehensive income (loss), net of tax, attributable to parent:67,93737,99544,0275,503(130,750)(26,126)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: