Abaxis Inc (ABAX) financial statements (2020 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 millions)

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 investments16714313013310378
Cash and cash equivalents4691881077455
Short-term investments1215241262923
Receivables484135292940
Inventory, net of allowances, customer advances and progress billings443935362727
Inventory443935362727
Disposal group, including discontinued operation0012  
Prepaid expense and other current assets3
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases22    
Deferred tax assets 6574 
Other undisclosed current assets336325
Total current assets:264233212210165153
Noncurrent Assets
Property, plant and equipment353427272725
Long-term investments and receivables192222241817
Long-term investments192222241817
Intangible assets, net (including goodwill)111123
Intangible assets, net (excluding goodwill)111123
Disposal group, including discontinued operation, noncurrent assets   0
Other noncurrent assets98200
Prepaid expense and other noncurrent assets0
Deferred tax assets, net84432 
Other undisclosed noncurrent assets433333
Total noncurrent assets:777259595249
TOTAL ASSETS:341306271269217202
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities413026331518
Accounts payable1287768
Accrued liabilities161191033
Employee-related liabilities111081156
Taxes payable121510
Debt000000
Disposal group, including discontinued operation0006  
Deferred revenue and credits112111
Other liabilities   6  
Other undisclosed current liabilities221(4)11
Total current liabilities:443329411720
Noncurrent Liabilities
Long-term debt and lease obligation000011
Long-term debt, excluding current maturities000011
Liabilities, other than long-term debt666754
Deferred revenue and credits212354
Accounts payable and accrued liabilities3322  
Deferred tax liabilities, net0000  
Other liabilities2112  
Other undisclosed noncurrent liabilities    10
Total noncurrent liabilities:766866
Total liabilities:503935492326
Stockholders' equity
Stockholders' equity attributable to parent291266236220194176
Common stock147136127133125121
Accumulated other comprehensive income (loss)(0)(0)(0)(0)(0)0
Retained earnings144130109886955
Total stockholders' equity:291266236220194176
TOTAL LIABILITIES AND EQUITY:341306271269217202

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

3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Revenues
(Revenue, Net)
245227219203172186
Cost of revenue(111)(101)(96)(94)(89)(88)
Gross profit:1341261231098398
Operating expenses(95)(81)(77)(75)(62)(56)
Operating income:394446342142
Nonoperating income (expense)571(1)10
Investment income, nonoperating(1)(1)(1)(1)(1)(1)
Foreign currency transaction gain (loss), before tax1(1)0(2)0 
Income from continuing operations before equity method investments, income taxes:435147332242
Income from equity method investments   00 
Other undisclosed loss from continuing operations before income taxes   (0)(0) 
Income from continuing operations before income taxes:435147332242
Income tax expense(16)(18)(16)(12)(8)(15)
Income from continuing operations:273331211427
Loss from discontinued operations (0) (0)  
Net income:273331211427
Other undisclosed net income attributable to parent  17  
Net income available to common stockholders, diluted:273332271427

Comprehensive Income ($ in millions)

3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Net income:273331211427
Comprehensive income:273331211427
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)17(0)0
Comprehensive income, net of tax, attributable to parent:273332271427

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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