AeroVironment, Inc. (AVAV) financial statements (2022 and earlier)

Company profile

Business Address 241 18TH STREET SOUTH, SUITE 415
ARLINGTON, VA 22202
State of Incorp. DE
Fiscal Year End April 30
SIC 3721 - Aircraft (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments86,497180,712302,649323,195257,166199,875227,691
Cash and cash equivalents82,528148,741255,142172,708143,51779,904124,287
Short-term investments3,96931,97147,507150,487113,649119,971103,404
Receivables166,310134,279149,49784,91956,81374,36156,045
Inventory, net of allowances, customer advances and progress billings89,61671,64645,53554,05638,64060,07637,486
Inventory89,61671,64645,53554,05638,64060,07637,486
Disposal group, including discontinued operation    28,349  
Deferred tax assets   5,432
Other undisclosed current assets12,09915,0016,2467,41818,17919,77323,049
Total current assets:354,522401,638503,927469,588399,147354,085349,703
Noncurrent Assets
Operating lease, right-of-use asset24,84822,9028,793
Property, plant and equipment65,37758,89621,69416,90519,21919,22016,762
Long-term investments and receivables12,38812,15615,0309,38640,65642,09633,859
Long-term investments12,38812,15615,0309,38640,65642,09633,859
Intangible assets, net (including goodwill)438,989420,47319,977    
Goodwill335,164314,2056,340    
Intangible assets, net (excluding goodwill)103,825106,26813,637    
Deferred income tax assets3,2582,0614,928
Other noncurrent assets5,88110,44010,6056,2802,7212,010750
Deferred tax assets, net6,68511,16815,0899,319
Total noncurrent assets:550,741526,92881,02739,25673,76478,41560,690
TOTAL ASSETS:905,263928,566584,954508,844472,911432,500410,393
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities36,57253,77044,89634,47942,27634,66732,628
Accounts payable15,11824,84119,85915,97221,34020,28317,712
Employee-related liabilities21,20728,06823,97218,50716,85112,96613,973
Taxes payable2478611,065 4,0851,418943
Deferred revenue6,8647,1837,899
Debt10,00010,0003,380    
Disposal group, including discontinued operation    9,184  
Self insurance reserve 1,181     
Customer advances and deposits2,1453,3172,544
Contract with customer, liability2,962
Other liabilities27,89719,07810,7787,4256,89210,07911,173
Other undisclosed current liabilities6,1504,973     
Total current liabilities:87,48396,18566,95344,86660,49748,06346,345
Noncurrent Liabilities
Long-term debt and lease obligation201,076206,6156,833  161449
Long-term debt, excluding current maturities180,398187,512     
Capital lease obligations  161449
Operating lease, liability20,67819,1036,833
Liabilities, other than long-term debt13,98913,6591,2671,4032,2742,0832,339
Deferred revenue and credits1,5361,7191,714
Deferred rent credit   1,173
Deferred tax liabilities, net2967116 
Deferred income tax liabilities5,198  
Liability for uncertainty in income taxes3,5183,5181,017514964441
Other liabilities5,27310,141250150622184184
Total noncurrent liabilities:215,065220,2748,1001,4032,2742,2442,788
Total liabilities:302,548316,45975,05346,26962,77150,30749,133
Stockholders' equity
Stockholders' equity attributable to parent602,428612,093509,901462,571410,117381,954361,260
Common stock2222222
Additional paid in capital265,885260,327181,481176,216170,139162,150154,274
Accumulated other comprehensive income (loss)(3,434)3433282(21)(127)(201)
Retained earnings339,975351,421328,090286,351239,997219,929207,185
Stockholders' equity attributable to noncontrolling interest28714 423239 
Total stockholders' equity:602,715612,107509,901462,575410,140382,193361,260
TOTAL LIABILITIES AND EQUITY:905,263928,566584,954508,844472,911432,500410,393

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

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues449,125394,912367,296314,274271,052264,873264,098
Revenue, net271,052264,873264,098
Revenue from related parties37,34542,42660,86455,407
Cost of revenue
(Cost of Goods and Services Sold)
(296,856)(230,354)(214,194)(185,871)(162,164)(162,763)(151,995)
Gross profit:152,269164,558153,102128,403108,888102,110112,103
Operating expenses(157,409)(121,245)(105,967)(94,577)(77,259)(89,579)(102,368)
Operating income (loss):(5,140)43,31347,13533,82631,62912,5319,735
Nonoperating income (expense)(19,175)(8,330)5,53516,6522,1911,678(1,667)
Investment income, nonoperating  4,8284,6722,2401,6181,032
Other nonoperating income (expense)(10,360)(8,330)70711,980(49)60(2,699)
Interest and debt expense(129)(145)     
Other undisclosed loss from continuing operations before equity method investments, income taxes(4,653)(473)     
Income (loss) from continuing operations before equity method investments, income taxes:(29,097)34,36552,67050,47833,82014,2098,068
Income (loss) from equity method investments573(10,481)(5,487)(3,944)(1,283)  
Income (loss) from continuing operations before income taxes:(28,524)23,88447,18346,53432,53714,2098,068
Income tax expense (benefit)28,099(539)(5,848)(4,641)(10,177)(1,752)898
Income (loss) from continuing operations:(425)23,34541,33541,89322,36012,4578,966
Income (loss) from discontinued operations  (265)5,526(2,508)  
Net income (loss):(425)23,34541,07047,41919,85212,4578,966
Net income attributable to noncontrolling interest    21622 
Net income (loss) attributable to parent:(425)23,34541,07047,41920,06812,4798,966
Other undisclosed net income (loss) available to common stockholders, basic(75)(14)419   
Net income (loss) available to common stockholders, diluted:(500)23,33141,07447,43820,06812,4798,966

Comprehensive Income ($ in thousands)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income (loss):(425)23,34541,07047,41919,85212,4578,966
Other comprehensive loss  (14)(51)   
Other undisclosed comprehensive income (loss)(3,781)153409332296 
Comprehensive income (loss):(4,206)23,36041,39647,46120,17412,5538,966
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(75)(14)41921622 
Comprehensive income (loss), net of tax, attributable to parent:(4,281)23,34641,40047,48020,39012,5758,966

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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