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 investments 45711116
Cash and cash equivalents 45711116
Restricted cash and investments 00000 
Receivables 16352830311179
Inventory, net of allowances, customer advances and progress billings 10910101010
Inventory 10910101010
Prepaid expense 111111
Contract with customer, asset 18
Other undisclosed current assets 5110(278)(157)
Total current assets: 545248515639
Noncurrent Assets
Property, plant and equipment 996665
Long-term investments and receivables, including: 100000
Other undisclosed long-term investments and receivables 100000
Intangible assets, net (including goodwill) 515152555732
Goodwill 464645454531
Intangible assets, net (excluding goodwill) 4579121
Disposal group, including discontinued operation, noncurrent assets   0  
Other undisclosed noncurrent assets 343555
Total noncurrent assets: 636562676942
TOTAL ASSETS: 11811610911712581
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 676696
Accounts payable     75
Accrued liabilities 11111 
Employee-related liabilities 433344
Accounts payable and other accrued liabilities0
Other undisclosed accounts payable and accrued liabilities 2221(3)(3)
Debt 875840
Business combination, contingent consideration, liability     3
Deferred revenue and credits76787
Contract with customer, liability7
Other undisclosed current liabilities 667645
Total current liabilities: 282624272818
Noncurrent Liabilities
Long-term debt and lease obligation 69912172
Long-term debt, excluding current maturities 69912172
Liabilities, other than long-term debt 41012151313
Accounts payable and accrued liabilities 454877
Deferred tax liabilities, net 68766
Other liabilities 000000
Other undisclosed noncurrent liabilities 3     
Total noncurrent liabilities: 131921273014
Total liabilities: 414544535833
Stockholders' equity
Stockholders' equity attributable to parent, including: 777165646648
Additional paid in capital 252251250247246230
Accumulated other comprehensive income 221112
Accumulated deficit (176)(182)(185)(183)(180)(183)
Receivable from shareholders or affiliates for issuance of capital stock (1)(1)(1)(1)(1)(1)
Other undisclosed stockholders' equity attributable to parent 000000
Total stockholders' equity: 777165646648
TOTAL LIABILITIES AND EQUITY: 11811610911712581

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
Revenues 9799939710489
Cost of revenue (67)(71)(65)(68)(72)(65)
Cost of goods and services sold (67)(71)(65)(68)(71)(64)
Gross profit: 292828283124
Operating expenses (26)(25)(28)(29)(41)(21)
Other undisclosed operating income     131
Operating income (loss): 330(1)44
Nonoperating income (expense) (1)(1)(1)(1)1(0)
Other nonoperating income (expense) (0)(0)0(0)30
Income (loss) from continuing operations before income taxes: 22(1)(2)53
Income tax expense (benefit) (1)2(1)(1)(1)(1)
Income (loss) from continuing operations: 24(1)(3)32
Loss from discontinued operations   (1)  (0)
Net income (loss) available to common stockholders, diluted: 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): 24(3)(3)32
Other comprehensive income (loss) (0)(0)(0)0(0) 
Comprehensive income (loss): 24(3)(3)32
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (0)20(0)(1)1
Comprehensive income (loss), net of tax, attributable to parent: 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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