Abaxis Inc (ABAX) financial statements (2022 and earlier)

Company profile

Business Address 3240 WHIPPLE
UNION CITY, CA 94587
State of Incorp. CA
Fiscal Year End March 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 thousands)

3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments166,783142,893129,797133,124102,69178,264
Cash and cash equivalents46,27791,33288,323107,01573,58954,910
Short-term investments120,50651,56141,47426,10929,10223,354
Receivables48,16440,56835,14829,01528,83340,005
Inventory, net of allowances, customer advances and progress billings44,12139,01035,13136,17926,97826,786
Inventory44,12139,01035,13136,17926,97826,786
Disposal group, including discontinued operation42669612,075  
Prepaid expense and other current assets3,319
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases2,4711,659    
Deferred tax assets 5,6444,8106,5754,464 
Other undisclosed current assets2,6673,3386,3512,8932,4524,589
Total current assets:264,248233,178212,198209,861165,418152,963
Noncurrent Assets
Property, plant and equipment35,41934,26026,84227,31627,17625,330
Long-term investments and receivables19,24022,17122,45824,18118,49117,000
Long-term investments19,24022,17122,45824,18118,49117,000
Intangible assets, net (including goodwill)1,0171,1711,3241,4911,6243,122
Intangible assets, net (excluding goodwill)1,0171,1711,3241,4911,6243,122
Disposal group, including discontinued operation, noncurrent assets   12
Other noncurrent assets9,4207,6241,95010774
Prepaid expense and other noncurrent assets92
Deferred tax assets, net7,9134,3923,9033,4131,557 
Other undisclosed noncurrent assets3,8462,8502,7052,6832,6463,256
Total noncurrent assets:76,85572,46859,18259,20351,56848,800
TOTAL ASSETS:341,103305,646271,380269,064216,986201,763
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,74530,28026,17933,00414,61017,662
Accounts payable11,7757,5177,2927,2776,1118,123
Accrued liabilities16,23411,0069,3939,8042,7012,838
Employee-related liabilities11,2809,6068,34911,0944,6546,261
Taxes payable1,4562,1511,1454,8291,144440
Debt100100100100100100
Disposal group, including discontinued operation66851125,536  
Deferred revenue and credits8161,4151,6001,3221,2081,362
Other liabilities   5,507  
Other undisclosed current liabilities2,1531,5631,181(4,184)947895
Total current liabilities:43,88033,44329,17241,28516,86520,019
Noncurrent Liabilities
Long-term debt and lease obligation177278379480581682
Long-term debt, excluding current maturities177278379480581682
Liabilities, other than long-term debt6,3535,7015,5177,1054,8034,479
Deferred revenue and credits1,5241,4602,2743,2194,8034,479
Accounts payable and accrued liabilities3,0372,6951,9271,733  
Deferred tax liabilities, net203234384310  
Other liabilities1,5891,3129321,843  
Other undisclosed noncurrent liabilities    821389
Total noncurrent liabilities:6,5305,9795,8967,5856,2055,550
Total liabilities:50,41039,42235,06848,87023,07025,569
Stockholders' equity
Stockholders' equity attributable to parent290,693266,224236,312220,194193,916176,194
Common stock147,000135,932127,016132,559124,603121,019
Accumulated other comprehensive income (loss)(177)(12)(7)(8)(5)42
Retained earnings143,870130,304109,30387,64369,31855,133
Total stockholders' equity:290,693266,224236,312220,194193,916176,194
TOTAL LIABILITIES AND EQUITY:341,103305,646271,380269,064216,986201,763

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

3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Revenues
(Revenue, Net)
244,700227,220218,901202,593171,870186,025
Cost of revenue(111,091)(101,375)(95,649)(93,623)(88,761)(87,794)
Gross profit:133,609125,845123,252108,97083,10998,231
Operating expenses(94,954)(81,358)(76,898)(74,666)(62,310)(56,095)
Operating income:38,65544,48746,35434,30420,79942,136
Nonoperating income (expense)4,7456,625793(1,262)1,144253
Investment income, nonoperating(1,092)(666)(1,180)(635)(530)(827)
Foreign currency transaction gain (loss), before tax996(627)149(1,794)477 
Income from continuing operations before equity method investments, income taxes:43,40051,11247,14733,04221,94342,389
Income from equity method investments   3733 
Other undisclosed loss from continuing operations before income taxes   (37)(33) 
Income from continuing operations before income taxes:43,40051,11247,14733,04221,94342,389
Income tax expense(16,223)(18,333)(16,073)(12,239)(7,758)(14,930)
Income from continuing operations:27,17732,77931,07420,80314,18527,459
Loss from discontinued operations (63) (200)  
Net income:27,17732,71631,07420,60314,18527,459
Other undisclosed net income attributable to parent  5566,728  
Net income available to common stockholders, diluted:27,17732,71631,63027,33114,18527,459

Comprehensive Income ($ in thousands)

3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Net income:27,17732,71631,07420,60314,18527,459
Comprehensive income:27,17732,71631,07420,60314,18527,459
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(165)(5)5576,725(47)17
Comprehensive income, net of tax, attributable to parent:27,01232,71131,63127,32814,13827,476

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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