FARO Technologies, Inc. (FARO) financial statements (2021 and earlier)

Company profile

Business Address 125 TECHNOLOGY PARK
LAKE MARY, FL 32746-6204
State of Incorp. FL
Fiscal Year End December 31
SIC 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments186164174173159144145
Cash and cash equivalents186164174157134119121
Short-term investments   16252525
Receivables65484859766574
Inventory, net of allowances, customer advances and progress billings47505355597072
Inventory47505355597072
Other undisclosed current assets26242121292826
Total current assets:324285296308322307318
Noncurrent Assets
Finance lease, right-of-use asset0001111
Operating lease, right-of-use asset26151517181918
Property, plant and equipment23232325272830
Intangible assets, net (including goodwill)716962626497100
Goodwill58564949507071
Intangible assets, net (excluding goodwill)13131314142829
Deferred income tax assets47242121191515
Other noncurrent assets2333333
Other undisclosed noncurrent assets31333434333939
Total noncurrent assets:202167157162165202205
TOTAL ASSETS:526452453470487508523
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60475660574856
Accounts payable1491211141216
Accrued liabilities43384344383538
Taxes payable3014512
Deferred revenue39      
Debt0006776
Other undisclosed current liabilities8464541423838
Total current liabilities:1089310110610692101
Noncurrent Liabilities
Long-term debt and lease obligation22121213141413
Finance lease, liability0000011
Operating lease, liability22121112131313
Liabilities, other than long-term debt35333234353435
Accounts payable and accrued liabilities12121213131312
Deferred revenue22192020211817
Deferred income tax liabilities1100023
Other liabilities1101113
Total noncurrent liabilities:57454447494848
Total liabilities:165138145153155141149
Stockholders' equity
Stockholders' equity attributable to parent360313309317332368374
Common stock0000000
Treasury stock, value(31)(31)(31)(31)(31)(31)(31)
Additional paid in capital288277273271268261256
Accumulated other comprehensive loss(10)(19)(23)(21)(17)(24)(19)
Retained earnings114868998113163169
Total stockholders' equity:360313309317332368374
TOTAL LIABILITIES AND EQUITY:526452453470487508523

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues937161801049193
Cost of revenue
(Cost of Goods and Services Sold)
(42)(34)(32)(36)(61)(40)(41)
Gross profit:51362944445152
Operating expenses(48)(41)(41)(60)(92)(57)(57)
Operating income (loss):3(5)(12)(17)(48)(6)(5)
Nonoperating income (expense)(0)0(0)(0)0(1)(2)
Interest and debt expense(0)(0)(0)(0)(1)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:3(5)(12)(17)(49)(6)(7)
Other undisclosed income (loss) from continuing operations before income taxes1(0)(0)(0)10(0)
Income (loss) from continuing operations before income taxes:3(5)(12)(17)(48)(6)(7)
Income tax expense (benefit)24232(2)00
Net income (loss) available to common stockholders, diluted:27(3)(9)(15)(50)(6)(6)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):27(3)(9)(15)(50)(6)(6)
Comprehensive income (loss):27(3)(9)(15)(50)(6)(6)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent84(2)(4)7(6)1
Comprehensive income (loss), net of tax, attributable to parent:361(11)(19)(43)(12)(5)

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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