Arotech Corporation (ARTX) financial statements (2020 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 millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments545711116
Cash and cash equivalents545711116
Restricted cash and investments000000 
Receivables1716352830311179
Inventory, net of allowances, customer advances and progress billings910910101010
Inventory910910101010
Prepaid expense 111111
Contract with customer, asset2518
Other undisclosed current assets45110(278)(157)
Total current assets:60545248515639
Noncurrent Assets
Property, plant and equipment10996665
Long-term investments and receivables, including:1100000
Other undisclosed long-term investments and receivables1100000
Intangible assets, net (including goodwill)51515152555732
Goodwill46464645454531
Intangible assets, net (excluding goodwill)54579121
Disposal group, including discontinued operation, noncurrent assets   0  
Other undisclosed noncurrent assets10343555
Total noncurrent assets:71636562676942
TOTAL ASSETS:13111811610911712581
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6676696
Accounts payable8    75
Accrued liabilities 11111 
Employee-related liabilities 433344
Accounts payable and other accrued liabilities0
Other undisclosed accounts payable and accrued liabilities(2)2221(3)(3)
Debt13875840
Business combination, contingent consideration, liability     3
Deferred revenue and credits76787
Contract with customer, liability87
Other undisclosed current liabilities9667645
Total current liabilities:36282624272818
Noncurrent Liabilities
Long-term debt and lease obligation669912172
Long-term debt, excluding current maturities669912172
Liabilities, other than long-term debt541012151313
Accounts payable and accrued liabilities5454877
Deferred tax liabilities, net 68766
Other liabilities0000000
Other undisclosed noncurrent liabilities93     
Total noncurrent liabilities:19131921273014
Total liabilities:55414544535833
Stockholders' equity
Stockholders' equity attributable to parent, including:76777165646648
Additional paid in capital252252251250247246230
Accumulated other comprehensive income2221112
Accumulated deficit(178)(176)(182)(185)(183)(180)(183)
Receivable from shareholders or affiliates for issuance of capital stock(1)(1)(1)(1)(1)(1)(1)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:76777165646648
TOTAL LIABILITIES AND EQUITY:13111811610911712581

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues919799939710489
Cost of revenue(62)(67)(71)(65)(68)(72)(65)
Cost of goods and services sold(62)(67)(71)(65)(68)(71)(64)
Gross profit:29292828283124
Operating expenses(28)(26)(25)(28)(29)(41)(21)
Other undisclosed operating income     131
Operating income (loss):1330(1)44
Nonoperating income (expense)(1)(1)(1)(1)(1)1(0)
Other nonoperating income (expense)(0)(0)(0)0(0)30
Income (loss) from continuing operations before income taxes:(0)22(1)(2)53
Income tax expense (benefit)(0)(1)2(1)(1)(1)(1)
Income (loss) from continuing operations:(1)24(1)(3)32
Loss from discontinued operations   (1)  (0)
Net income (loss) available to common stockholders, diluted:(1)24(3)(3)32

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1)24(3)(3)32
Other comprehensive income (loss) (0)(0)(0)0(0) 
Other undisclosed comprehensive loss(0)      
Comprehensive income (loss):(1)24(3)(3)32
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)20(0)(1)1
Comprehensive income (loss), net of tax, attributable to parent:(1)26(3)(3)23

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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