ARRIS International plc (ARRS) financial statements (2020 and earlier)

Company profile

Business Address 3871 LAKEFIELD DRIVE
SUWANEE, GA 30024
State of Incorp.
Fiscal Year End December 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7355111,096879
Cash and cash equivalents730488980864
Short-term investments62411615
Receivables1,4481,3761,433664
Inventory, net of allowances, customer advances and progress billings740825552402
Inventory740825552402
Prepaid expense27272119
Other current assets144146128120
Other undisclosed current assets17285126
Total current assets:3,1132,9143,2802,110
Noncurrent Assets
Property, plant and equipment288372353312
Long-term investments and receivables45717370
Long-term investments45717370
Intangible assets, net (including goodwill)3,6444,0503,6931,824
Goodwill2,2412,2792,0161,014
Intangible assets, net (excluding goodwill)1,4041,7711,677810
Other noncurrent assets631026022
Other undisclosed noncurrent assets175115299185
Total noncurrent assets:4,2154,7114,4782,413
TOTAL ASSETS:7,3287,6247,7584,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4701,4131,261662
Accounts payable1,2891,2071,049515
Accrued liabilities37455028
Employee-related liabilities142156140111
Taxes payable36238
Debt84848344
Deferred revenue and credits115132138
Other liabilities302321358169
Other undisclosed current liabilities111   
Total current liabilities:1,9681,9331,8341,013
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0322,1162,1801,496
Capital lease obligations2,0462,1352,1981,518
Other undisclosed long-term debt and lease obligation(14)(19)(18)(22)
Liabilities, other than long-term debt263391517174
Accounts payable and accrued liabilities11914512342
Deferred tax liabilities, net47692241
Liability, pension and other postretirement and postemployment benefits25435364
Other liabilities7213511867
Other undisclosed noncurrent liabilities59   
Total noncurrent liabilities:2,3542,5072,6971,670
Total liabilities:4,3224,4404,5322,683
Stockholders' equity
Stockholders' equity attributable to parent, including:2,9923,1693,1891,794
Common stock3  2
Treasury stock, value   (331)
Additional paid in capital3,4693,3873,3151,777
Accumulated other comprehensive income (loss)(13)53(13)
Retained earnings (accumulated deficit)(466)(226)(132)359
Other undisclosed stockholders' equity attributable to parent 33 
Stockholders' equity attributable to noncontrolling interest14153847
Total stockholders' equity:3,0063,1843,2271,841
TOTAL LIABILITIES AND EQUITY:7,3287,6247,7584,524

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,7436,6146,8294,798
Revenue, net6,6146,8294,798
Cost of revenue
(Cost of Goods and Services Sold)
(4,824)(4,948)(5,122)(3,379)
Gross profit:1,9191,6661,7081,419
Operating expenses(1,740)(1,543)(1,597)(1,208)
Operating income:179123111211
Nonoperating income (expense)(1)(4)14(27)
Investment income, nonoperating8842
Foreign currency transaction gain (loss), before tax(4)(10)14(21)
Other nonoperating expense(5)(2)(4)(8)
Interest and debt expense(95)(87)(80)(71)
Other undisclosed loss from continuing operations before equity method investments, income taxes(0)(11)(21)(6)
Income from continuing operations before income taxes:832124107
Income tax expense (benefit)2445(15)(23)
Net income:10766984
Net income attributable to noncontrolling interest62698
Net income available to common stockholders, diluted:114921892

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:10766984
Other comprehensive income (loss)(17)116(2)
Other undisclosed comprehensive income (loss)  (0)0
Comprehensive income:90672583
Comprehensive income (loss), net of tax, attributable to noncontrolling interest6269(8)
Other undisclosed comprehensive income, net of tax, attributable to parent   15
Comprehensive income, net of tax, attributable to parent:97933491

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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