Arotech Corporation (ARTX) financial statements (2021 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)

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 investments457111162
Cash and cash equivalents457111162
Restricted cash and investments00000  
Receivables16352830311179153
Inventory, net of allowances, customer advances and progress billings1091010101010
Inventory1091010101010
Prepaid expense111111
Contract with customer, asset18
Disposal group, including discontinued operation      0
Prepaid expense and other current assets1
Other undisclosed current assets5110(278)(157)(130)
Total current assets:54524851563936
Noncurrent Assets
Property, plant and equipment9966654
Long-term investments and receivables, including:1000000
Other undisclosed long-term investments and receivables1000000
Intangible assets, net (including goodwill)51515255573233
Goodwill46464545453131
Intangible assets, net (excluding goodwill)45791212
Disposal group, including discontinued operation, noncurrent assets  0  
Other undisclosed noncurrent assets3435554
Total noncurrent assets:63656267694241
TOTAL ASSETS:1181161091171258178
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6766964
Accounts payable    757
Accrued liabilities11111  
Employee-related liabilities433344 
Accounts payable and other accrued liabilities0 
Other undisclosed accounts payable and accrued liabilities2221(3)(3)(3)
Debt87584011
Disposal group, including discontinued operation      1
Business combination, contingent consideration, liability    3
Deferred revenue and credits767874
Contract with customer, liability7
Other undisclosed current liabilities6676457
Total current liabilities:28262427281826
Noncurrent Liabilities
Long-term debt and lease obligation699121721
Long-term debt, excluding current maturities699121721
Liabilities, other than long-term debt4101215131312
Accounts payable and accrued liabilities4548776
Deferred tax liabilities, net 687665
Disposal group, including discontinued operation, liabilities      1
Other liabilities0000000
Other undisclosed noncurrent liabilities3      
Total noncurrent liabilities:13192127301413
Total liabilities:41454453583339
Stockholders' equity
Stockholders' equity attributable to parent, including:77716564664838
Additional paid in capital252251250247246230223
Accumulated other comprehensive income2211121
Accumulated deficit(176)(182)(185)(183)(180)(183)(185)
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:77716564664838
TOTAL LIABILITIES AND EQUITY:1181161091171258178

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues979993971048980
Cost of revenue(67)(71)(65)(68)(72)(65)(63)
Cost of goods and services sold(67)(71)(65)(68)(71)(64)(62)
Gross profit:29282828312417
Operating expenses(26)(25)(28)(29)(41)(21)(22)
Other undisclosed operating income    1314
Operating income (loss):330(1)44(1)
Nonoperating income (expense)(1)(1)(1)(1)1(0)(1)
Other nonoperating income (expense)(0)(0)0(0)300
Income (loss) from continuing operations before income taxes:22(1)(2)53(1)
Income tax expense (benefit)(1)2(1)(1)(1)(1)(1)
Income (loss) from continuing operations:24(1)(3)32(2)
Loss from discontinued operations  (1)  (0)(1)
Net income (loss) available to common stockholders, diluted:24(3)(3)32(3)

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):24(3)(3)32(3)
Other comprehensive income (loss)(0)(0)(0)0(0)  
Comprehensive income (loss):24(3)(3)32(3)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)20(0)(1)1(0)
Comprehensive income (loss), net of tax, attributable to parent:26(3)(3)23(3)

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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