Arotech Corporation (ARTX) financial statements (2022 and earlier)

Company profile

Business Address 1229 OAK VALLEY DRIVE
ANN ARBOR, MI 48108
State of Incorp. MI
Fiscal Year End December 31
SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,2225,2057,13110,60811,2925,8211,581
Cash and cash equivalents4,2225,2057,13110,60811,2925,8211,581
Restricted cash and investments22328426990236  
Receivables16,30235,42127,86429,600311,470178,676152,792
Inventory, net of allowances, customer advances and progress billings9,9138,65510,3189,6089,81210,07510,034
Inventory9,9138,65510,3189,6089,81210,07510,034
Prepaid expense8201,359761626819690
Contract with customer, asset17,868
Disposal group, including discontinued operation      389
Prepaid expense and other current assets1,179
Other undisclosed current assets5,1269161,335316(277,601)(156,661)(129,592)
Total current assets:54,47551,83947,67850,84856,02838,60136,382
Noncurrent Assets
Property, plant and equipment8,9149,2765,9156,4406,4634,9274,465
Long-term investments and receivables, including:5431845723237455
Other undisclosed long-term investments and receivables5431845723237455
Intangible assets, net (including goodwill)50,60451,34452,31354,79857,26332,08432,801
Goodwill46,13846,13845,49045,46345,42231,02530,562
Intangible assets, net (excluding goodwill)4,4665,2066,8239,33511,8401,0592,238
Disposal group, including discontinued operation, noncurrent assets  270  
Other undisclosed noncurrent assets3,4283,7553,1775,3844,9624,9694,177
Total noncurrent assets:63,48964,55961,73266,64568,71142,05441,498
TOTAL ASSETS:117,964116,398109,410117,493124,73980,65577,880
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,4986,6405,5985,5609,1056,0124,253
Accounts payable    6,7725,1077,156
Accrued liabilities1,0311,206808829589  
Employee-related liabilities3,6283,3103,0683,3104,2544,173 
Accounts payable and other accrued liabilities181 
Other undisclosed accounts payable and accrued liabilities1,8392,1241,7211,421(2,510)(3,449)(2,903)
Debt7,7057,3404,8028,4224,4149510,677
Disposal group, including discontinued operation      589
Business combination, contingent consideration, liability    2,500
Deferred revenue and credits6,7786,4216,8807,8267,0203,798
Contract with customer, liability7,055
Other undisclosed current liabilities6,4435,5606,9405,9144,2725,1077,156
Total current liabilities:27,70126,31923,76126,77628,11718,23526,473
Noncurrent Liabilities
Long-term debt and lease obligation6,3618,5718,70411,85716,9341,830993
Long-term debt, excluding current maturities6,3618,5718,70411,85716,9341,830993
Liabilities, other than long-term debt4,26310,41611,86114,81313,33212,61311,993
Accounts payable and accrued liabilities4,1264,7103,8927,5177,0527,0206,133
Deferred tax liabilities, net 5,6017,8687,0326,1175,5194,920
Disposal group, including discontinued operation, liabilities      913
Other liabilities1381051012641637428
Other undisclosed noncurrent liabilities2,863      
Total noncurrent liabilities:13,48718,98620,56426,66930,26614,44312,986
Total liabilities:41,18845,30544,32553,44658,38432,67839,459
Stockholders' equity
Stockholders' equity attributable to parent, including:76,77671,09365,08564,04766,35547,97738,421
Additional paid in capital251,551250,827250,405246,591245,971229,917223,182
Accumulated other comprehensive income2,3662,4797276726571,8631,235
Accumulated deficit(176,498)(181,569)(185,403)(182,555)(179,610)(183,097)(185,249)
Receivable from shareholders or affiliates for issuance of capital stock(908)(908)(908)(908)(908)(908)(908)
Other undisclosed stockholders' equity attributable to parent265264264247245202162
Total stockholders' equity:76,77671,09365,08564,04766,35547,97738,421
TOTAL LIABILITIES AND EQUITY:117,964116,398109,410117,493124,73980,65577,880

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues96,60098,72392,97696,574103,56288,57180,050
Cost of revenue(67,402)(71,083)(64,825)(68,456)(72,222)(65,043)(62,730)
Cost of goods and services sold(67,402)(71,083)(64,825)(68,456)(70,855)(64,480)(62,141)
Gross profit:29,19727,64028,15028,11831,34023,52817,321
Operating expenses(25,803)(24,745)(27,936)(28,725)(41,035)(20,842)(22,036)
Other undisclosed operating income    13,2008533,855
Operating income (loss):3,3952,895214(608)3,5063,540(861)
Nonoperating income (expense)(961)(1,085)(910)(1,176)1,005(213)(540)
Other nonoperating income (expense)(39)(8)65(24)2,5592868
Income (loss) from continuing operations before income taxes:2,4341,810(696)(1,784)4,5113,327(1,400)
Income tax expense (benefit)(564)2,024(783)(1,161)(1,024)(1,053)(628)
Income (loss) from continuing operations:1,8703,834(1,480)(2,945)3,4872,274(2,028)
Loss from discontinued operations  (1,369)  (122)(988)
Net income (loss) available to common stockholders, diluted:1,8703,834(2,848)(2,945)3,4872,152(3,017)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):1,8703,834(2,848)(2,945)3,4872,152(3,017)
Other comprehensive income (loss)(7)(249)(48)50(174)  
Comprehensive income (loss):1,8633,586(2,896)(2,895)3,3132,152(3,017)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(106)2,001103(35)(1,032)628(135)
Comprehensive income (loss), net of tax, attributable to parent:1,7575,587(2,793)(2,930)2,2812,780(3,152)

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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