Advanced Photonix Inc (API) financial statements (2020 and earlier)

Company profile

Business Address 2925 BOARDWALK
ANN ARBOR, MI 48104
State of Incorp. DE
Fiscal Year End March 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2014
TTM
3/31/2014
3/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 01
Cash and cash equivalents 01
Receivables 55
Inventory, net of allowances, customer advances and progress billings 54
Inventory 54
Other undisclosed current assets 01
Total current assets: 1010
Noncurrent Assets
Property, plant and equipment 23
Intangible assets, net (including goodwill) 88
Goodwill 55
Intangible assets, net (excluding goodwill) 34
Other noncurrent assets 00
Total noncurrent assets: 1012
TOTAL ASSETS: 2022
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 33
Accounts payable 32
Employee-related liabilities 11
Debt 42
Other undisclosed current liabilities 11
Total current liabilities: 95
Noncurrent Liabilities
Long-term debt and lease obligation 12
Long-term debt, excluding current maturities 12
Capital lease obligations 0 
Liabilities, other than long-term debt 00
Derivative instruments and hedges, liabilities 00
Total noncurrent liabilities: 12
Total liabilities: 108
Stockholders' equity
Stockholders' equity attributable to parent 1014
Common stock 00
Additional paid in capital 5959
Accumulated deficit (48)(44)
Total stockholders' equity: 1014
TOTAL LIABILITIES AND EQUITY: 2022

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

12/31/2014
TTM
3/31/2014
3/31/2013
Revenues
(Revenue, Net)
 2924
Cost of revenue
(Cost of Goods and Services Sold)
 (19)(15)
Gross profit: 109
Operating expenses (13)(13)
Operating loss: (3)(4)
Nonoperating expense (1)(0)
Investment income, nonoperating (0)0
Other nonoperating income (expense) (0)0
Interest and debt expense (1)(0)
Loss from continuing operations before equity method investments, income taxes: (5)(5)
Other undisclosed income from continuing operations before income taxes 10
Net loss available to common stockholders, diluted: (4)(4)

Comprehensive Income ($ in millions)

12/31/2014
TTM
3/31/2014
3/31/2013
Net loss: (4)(4)
Comprehensive loss, net of tax, attributable to parent: (4)(4)

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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