Array Technologies, Inc. (ARRY) financial statements (2022 and earlier)

Company profile

Business Address 3901 MIDWAY PLACE NE
ALBUQUERQUE, NM 87109
State of Incorp. DE
Fiscal Year End December 31
SIC 399 - Miscellaneous Manufacturing Industries (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 108,441
Cash and cash equivalents 108,441
Receivables 135,852
Inventory, net of allowances, customer advances and progress billings 118,459
Inventory 118,459
Other undisclosed current assets 12,423
Total current assets: 375,175
Noncurrent Assets
Property, plant and equipment 9,774
Intangible assets, net (including goodwill) 267,987
Goodwill 69,727
Intangible assets, net (excluding goodwill) 198,260
Other noncurrent assets 3,088
Total noncurrent assets: 280,849
TOTAL ASSETS: 656,024
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 123,782
Accounts payable 82,755
Accrued liabilities 32,213
Taxes payable 8,814
Deferred revenue 149,821
Debt 4,313
Due to related parties 2,232
Business combination, contingent consideration, liability 8,955
Total current liabilities: 289,103
Noncurrent Liabilities
Long-term debt and lease obligation 423,970
Long-term debt, excluding current maturities 423,970
Liabilities, other than long-term debt 23,850
Deferred income tax liabilities 13,114
Business combination, contingent consideration, liability 10,736
Total noncurrent liabilities: 447,820
Total liabilities: 736,923
Stockholders' equity
Stockholders' equity attributable to parent (80,899)
Common stock 127
Additional paid in capital 140,473
Accumulated deficit (221,499)
Total stockholders' equity: (80,899)
TOTAL LIABILITIES AND EQUITY: 656,024

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

9/30/2021
TTM
12/31/2020
Revenues 872,662
Cost of revenue (669,861)
Gross profit: 202,801
Operating expenses (107,589)
Operating income: 95,212
Nonoperating expense (17,434)
Interest and debt expense (15,129)
Income from continuing operations before equity method investments, income taxes: 62,649
Other undisclosed income from continuing operations before income taxes 15,129
Income from continuing operations before income taxes: 77,778
Income tax expense (18,705)
Net income available to common stockholders, diluted: 59,073

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
Net income: 59,073
Comprehensive income, net of tax, attributable to parent: 59,073

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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