ADTRAN, Inc. (ADTN) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:63107 103123119
Cash and cash equivalents6074 868085
Short-term investments333 164334
Other undisclosed cash, cash equivalents, and short-term investments0(0) 00 
Restricted cash and investments0     
Receivables120107 17110891
Inventory, net of allowances, customer advances and progress billings12598 12310592
Inventory12598 12310592
Contract with customer, asset03 
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 11  
Other undisclosed current assets85 61629
Total current assets:317320 413353331
Noncurrent Assets
Property, plant and equipment6274 858473
Long-term investments and receivables8094 130176198
Long-term investments8094 130176198
Intangible assets, net (including goodwill)3035 333
Goodwill77 333
Intangible assets, net (excluding goodwill)2328    
Deferred income tax assets10 
Other noncurrent assets2514 14129
Deferred tax assets, net 233818
Other undisclosed noncurrent assets 8    
Total noncurrent assets:208225 256314302
TOTAL ASSETS:526545 669667633
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6662 9411076
Accounts payable5045 617749
Accrued liabilities   131212
Employee-related liabilities1514 162013
Taxes payable14 4 2
Deferred revenue1412
Debt 27    
Deferred revenue and credits131617
Other undisclosed current liabilities1411    
Total current liabilities:94113 10712793
Noncurrent Liabilities
Long-term debt and lease obligation   262728
Long-term debt, excluding current maturities   262728
Liabilities, other than long-term debt5952 393432
Deferred revenue and credits568
Deferred revenue76
Deferred compensation liability, classified2622    
Liability, pension and other postretirement and postemployment benefits1916    
Other liabilities78 342824
Total noncurrent liabilities:5952 646160
Total liabilities:153165 171188153
Stockholders' equity
Stockholders' equity attributable to parent373380 498480480
Common stock11 111
Treasury stock, value(679)(685) (682)(684)(665)
Additional paid in capital281275 261253247
Accumulated other comprehensive loss(12)(16) (3)(12)(9)
Retained earnings782807 922922907
Total stockholders' equity:373380 498480480
TOTAL LIABILITIES AND EQUITY:526545 669667633

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues507530 667637600
Revenue, net667637600
Cost of revenue
(Cost of Goods and Services Sold)
(289)(311) (363)(345)(333)
Gross profit:218219 304291267
Operating expenses(227)(260) (266)(257)(253)
Other undisclosed operating income 1    
Operating income (loss):(10)(40) 383513
Nonoperating income416 359
Investment income, nonoperating714 4610
Other nonoperating income (expense)(3)1 (2)(1)(1)
Interest and debt expense(0)(1) (1)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(6)(25) 403922
Other undisclosed income from continuing operations before income taxes   574
Income (loss) from continuing operations before income taxes:(6)(25) 454726
Income tax expense (benefit)9(28) (21)(12)(7)
Net income (loss) available to common stockholders, diluted:2(53) 243519

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2(53) 243519
Other comprehensive income (loss)5(2) 9(3)(9)
Comprehensive income (loss), net of tax, attributable to parent:7(55) 333210

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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