ADTRAN, Inc. (ADTN) financial statements (2020 and earlier)

Company profile

Business Address 901 EXPLORER BLVD
HUNTSVILLE, AL 35806
State of Incorp. DE
Fiscal Year End December 31
SIC 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:107 103123119120
Cash and cash equivalents74 86808573
Short-term investments33 16433447
Other undisclosed cash, cash equivalents, and short-term investments(0) 00  
Receivables107 17110891122
Inventory, net of allowances, customer advances and progress billings98 1231059287
Inventory98 1231059287
Prepaid expense     5
Contract with customer, asset3 
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 11   
Other undisclosed current assets5 6162917
Total current assets:320 413353331351
Noncurrent Assets
Property, plant and equipment74 85847375
Long-term investments and receivables94 130176198281
Long-term investments94 130176198281
Intangible assets, net (including goodwill)35 33311
Goodwill7 3333
Intangible assets, net (excluding goodwill)28    7
Deferred costs     16
Other noncurrent assets14 1412911
Deferred tax assets, net 23381818
Other undisclosed noncurrent assets8    (24)
Total noncurrent assets:225 256314302388
TOTAL ASSETS:545 669667633739
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities62 941107696
Accounts payable45 61774956
Accrued liabilities  13121211
Employee-related liabilities14 16201314
Taxes payable4 4 215
Deferred revenue12
Debt27    1
Deferred revenue and credits13161723
Other undisclosed current liabilities11    (1)
Total current liabilities:113 10712793119
Noncurrent Liabilities
Long-term debt and lease obligation  26272829
Long-term debt, excluding current maturities  26272829
Liabilities, other than long-term debt52 39343277
Deferred revenue and credits56811
Deferred revenue6
Deferred compensation liability, classified22    16
Deferred tax liabilities, net    9
Liability, pension and other postretirement and postemployment benefits16    10
Other liabilities8 34282431
Other undisclosed noncurrent liabilities     (35)
Total noncurrent liabilities:52 64616071
Total liabilities:165 171188153190
Stockholders' equity
Stockholders' equity attributable to parent380 498480480549
Common stock1 1111
Treasury stock, value(685) (682)(684)(665)(601)
Additional paid in capital275 261253247242
Accumulated other comprehensive loss(16) (3)(12)(9)(0)
Retained earnings807 922922907908
Total stockholders' equity:380 498480480549
TOTAL LIABILITIES AND EQUITY:545 669667633739

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues530 667637600637
Revenue, net667637600630
Cost of revenue
(Cost of Goods and Services Sold)
(311) (363)(345)(333)(319)
Other undisclosed gross profit     (7)
Gross profit:219 304291267311
Operating expenses(260) (266)(257)(253)(267)
Other undisclosed operating income1    2
Operating income (loss):(40) 38351347
Nonoperating income16 3599
Investment income, nonoperating14 46108
Other nonoperating income (expense)1 (2)(1)(1)1
Interest and debt expense(1) (1)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes     4
Income (loss) from continuing operations before equity method investments, income taxes:(25) 40392260
Other undisclosed income from continuing operations before income taxes  574 
Income (loss) from continuing operations before income taxes:(25) 45472660
Income tax expense(28) (21)(12)(7)(15)
Net income (loss) available to common stockholders, diluted:(53) 24351945

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(53) 24351945
Other comprehensive income (loss)(2) 9(3)(9)(11)
Comprehensive income (loss), net of tax, attributable to parent:(55) 33321034

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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