Accuray Incorporated (ARAY) Financial Statements (2024 and earlier)

Company Profile

Business Address 1240 DEMING WAY
MADISON, WI 53717
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments89,40267,72988,737116,369107,57776,798
Cash and cash equivalents89,40267,72988,737116,369107,57776,798
Restricted cash and investments52418920456099710,218
Receivables74,77789,18794,44285,36090,599111,885
Inventory, net of allowances, customer advances and progress billings145,150155,665142,254125,929134,374120,823
Inventory145,150155,665142,254125,929134,374120,823
Capitalized contract cost1,782     
Deferred costs5686421,4593,0082,712146
Other current assets2,483     
Other undisclosed current assets23,34723,53623,79421,54721,22724,205
Total current assets:338,033336,948350,890352,773357,486344,075
Noncurrent Assets
Operating lease, right-of-use asset25,85325,33416,79822,52228,647
Property, plant and equipment20,92611,15512,68512,33215,34917,122
Long-term investments and receivables15,12812,27613,87915,93513,929 
Long-term investments15,12812,27613,87915,93513,929 
Intangible assets, net (including goodwill)57,89158,04458,09058,39558,38058,449
Goodwill57,68157,77657,84057,96057,71757,770
Intangible assets, net (excluding goodwill)210268250435663679
Restricted cash and investments1,2761,2931,2131,2721,3371,162
Other noncurrent assets20,10723,71919,29416,86915,79917,373
Total noncurrent assets:141,181131,821121,959127,325133,44194,106
TOTAL ASSETS:479,214468,769472,849480,098490,927438,181
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities98,20184,26191,06373,80368,26993,454
Employee-related liabilities29,44126,86517,96331,150
Accounts payable33,73933,86131,33719,46723,12629,562
Accrued liabilities64,46250,40030,28527,47127,18032,742
Deferred revenue72,18572,67575,37581,66083,207
Debt11,44211,40417,1267,5805 
Customer refund liability 3,364     
Contract with customer, liability78,332
Other liabilities 7,043     
Other undisclosed current liabilities6,40216,38025,29429,31630,79020,395
Total current liabilities:198,637184,720208,858192,359182,271192,181
Noncurrent Liabilities
Long-term debt and lease obligation171,562174,102182,360187,448213,480159,844
Long-term debt, excluding current maturities171,562174,102171,907170,007189,307159,844
Liabilities, other than long-term debt55,35658,20228,44231,45131,54136,285
Deferred revenue27,07930,35724,69423,68524,125
Contract with customer, liability26,639
Other liabilities4,6755,1813,7487,7667,4169,646
Operating lease, liability23,60222,66410,45317,44124,173
Total noncurrent liabilities:226,918232,304210,802218,899245,021196,129
Total liabilities:425,555417,024419,660411,258427,292388,310
Equity
Equity, attributable to parent53,65951,74553,18968,84063,63549,871
Common stock979594919189
Additional paid in capital555,276550,288543,211554,680545,741535,332
Accumulated other comprehensive income (loss)4221,5412,4062,093(484)(10)
Accumulated deficit(502,136)(500,179)(492,522)(488,024)(481,713)(485,540)
Total equity:53,65951,74553,18968,84063,63549,871
TOTAL LIABILITIES AND EQUITY:479,214468,769472,849480,098490,927438,181

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues447,605417,445429,909396,289382,928418,785
Cost of revenue(293,645)(262,077)(269,954)(236,782)(233,207)(256,134)
Gross profit:153,960155,368159,955159,507149,721162,651
Operating expenses(151,578)(153,089)(151,807)(137,272)(137,182)(162,068)
Operating income:2,3822,2798,14822,23512,539583
Nonoperating expense
(Other Nonoperating expense)
(11,742)(10,622)(10,391)(27,666)(6,700)(14,927)
Interest and debt expense(10,632)(8,938)(8,129)(9,948)(18,080)(1,528)
Loss from continuing operations before equity method investments, income taxes:(19,992)(17,281)(10,372)(15,379)(12,241)(15,872)
Income from equity method investments2,572346241   
Other undisclosed income from continuing operations before income taxes10,6328,9388,12910,82017,9311,528
Income (loss) from continuing operations before income taxes:(6,788)(7,997)(2,002)(4,559)5,690(14,344)
Income tax expense(2,492)(3,824)(3,345)(1,752)(1,863)(2,086)
Income (loss) from continuing operations:(9,280)(11,821)(5,347)(6,311)3,827(16,430)
Income (loss) before gain (loss) on sale of properties:(9,947)(5,347)(6,311)3,827(16,430)
Net income (loss) available to common stockholders, diluted:(9,280)(11,821)(5,347)(6,311)3,827(16,430)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):(9,280)(11,821)(5,347)(6,311)3,827(16,430)
Comprehensive income (loss):(9,280)(11,821)(5,347)(6,311)3,827(16,430)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,984)(675)3132,577(474)(1,103)
Comprehensive income (loss), net of tax, attributable to parent:(11,264)(12,496)(5,034)(3,734)3,353(17,533)

Statements Sources

The financial statements are based on the Company's filings with 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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