Arlo Technologies, Inc. (ARLO) financial statements (2022 and earlier)

Company profile

Business Address 2200 FARADAY AVE.
CARLSBAD, CA 92008
State of Incorp. DE
Fiscal Year End December 31
SIC 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments175,749186,127256,670201,027
Cash and cash equivalents175,749186,127236,680151,290
Short-term investments  19,99049,737
Receivables79,56477,643127,446178,229
Inventory, net of allowances, customer advances and progress billings38,39064,70568,624124,791
Inventory38,39064,70568,624124,791
Other undisclosed current assets9,91928,07316,82911,427
Total current assets:303,622356,548469,569515,474
Noncurrent Assets
Operating lease, right-of-use asset14,81423,99831,300
Property, plant and equipment9,59515,82121,35249,428
Intangible assets, net (including goodwill)11,03811,03812,34418,461
Goodwill11,03811,03811,03815,638
Intangible assets, net (excluding goodwill)  1,3062,823
Restricted cash and investments4,1074,164  
Other noncurrent assets4,3142,3994,0088,449
Other undisclosed noncurrent assets  4,1394,134
Total noncurrent assets:43,86857,42073,14380,472
TOTAL ASSETS:347,490413,968542,712595,946
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities181,487184,204243,539255,312
Accounts payable84,09862,171111,65082,542
Accrued liabilities97,377121,766127,400172,036
Taxes payable122674,489734
Deferred revenue29,44253,14250,362
Contract with customer, liability26,678
Total current liabilities:210,929237,346293,901281,990
Noncurrent Liabilities
Long-term debt and lease obligation21,47025,02929,001 
Operating lease, liability21,47025,02929,001
Liabilities, other than long-term debt2,43917,82616,43424,476
Accounts payable and accrued liabilities941049222
Deferred revenue1,34416,56315,736
Contract with customer, liability23,313
Other liabilities1,0011,1596061,141
Other undisclosed noncurrent liabilities   19,978
Total noncurrent liabilities:23,90942,85545,43544,454
Total liabilities:234,838280,201339,336326,444
Stockholders' equity
Stockholders' equity attributable to parent112,652133,767203,376269,502
Common stock84797674
Additional paid in capital401,367366,455334,821315,277
Accumulated other comprehensive income (loss) 3(2) 
Accumulated deficit(288,799)(232,770)(131,519)(45,849)
Total stockholders' equity:112,652133,767203,376269,502
TOTAL LIABILITIES AND EQUITY:347,490413,968542,712595,946

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues435,137357,154370,007464,918
Cost of revenue
(Cost of Goods and Services Sold)
(327,102)(301,765)(334,203)(372,843)
Gross profit:108,03555,38935,80492,075
Operating expenses(168,173)(160,253)(121,025)(166,848)
Operating loss:(60,138)(104,864)(85,221)(74,773)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
4,7753,436913(1,177)
Other undisclosed income from continuing operations before equity method investments, income taxes 8022,7371,239
Loss from continuing operations before equity method investments, income taxes:(55,363)(100,626)(81,571)(74,711)
Other undisclosed income from continuing operations before income taxes11   
Loss from continuing operations before income taxes:(55,352)(100,626)(81,571)(74,711)
Income tax expense(677)(625)(4,380)(772)
Net loss available to common stockholders, diluted:(56,029)(101,251)(85,951)(75,483)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(56,029)(101,251)(85,951)(75,483)
Other comprehensive income (loss)(3)5(2) 
Comprehensive loss, net of tax, attributable to parent:(56,032)(101,246)(85,953)(75,483)

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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