Avid Technology, Inc. (AVID) financial statements (2020 and earlier)

Company profile

Business Address 75 NETWORK DRIVE
BURLINGTON, MA 01803
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5657451825
Cash and cash equivalents 5657451825
Restricted cash and investments 9    
Receivables 6840445955
Inventory, net of allowances, customer advances and progress billings 3338514848
Inventory 3338514848
Prepaid expense 98677
Other current assets 6106618
Other undisclosed current assets 17   0
Total current assets: 197154151137153
Noncurrent Assets
Property, plant and equipment 2222303532
Intangible assets, net (including goodwill) 374656662
Goodwill 33333333 
Intangible assets, net (excluding goodwill) 41423332
Other noncurrent assets 9111272
Deferred tax assets, net   (3)(0)
Other undisclosed noncurrent assets 11152
Total noncurrent assets: 69809911039
TOTAL ASSETS: 266235250248192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1018987110103
Accounts payable 3930264633
Accrued liabilities 3832343532
Employee-related liabilities 2225252833
Taxes payable 22115
Debt  2   
Deferred revenue and credits86121146190207
Other undisclosed current liabilities 1455 
Total current liabilities: 188216238305310
Noncurrent Liabilities
Liabilities, other than long-term debt 5678229
Deferred revenue and credits   208
Deferred compensation liability, classified 56575
Deferred tax liabilities, net    0
Restructuring reserve 01111
Other liabilities     14
Other undisclosed noncurrent liabilities 5357(214)
Total noncurrent liabilities: 109121514
Other undisclosed liabilities 235278269258208
Total liabilities: 433503519577533
Stockholders' equity
Stockholders' equity attributable to parent (167)(269)(270)(330)(341)
Common stock 00000
Treasury stock, value (5)(18)(32)(58)(68)
Additional paid in capital 1,0291,0361,0431,0561,050
Accumulated other comprehensive loss (4)(2)(10)(8)(2)
Accumulated deficit (1,187)(1,285)(1,271)(1,319)(1,322)
Total stockholders' equity: (167)(269)(270)(330)(341)
TOTAL LIABILITIES AND EQUITY: 266235250248192

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues
(Revenue, Net)
 413419512506530
Cost of revenue (174)(177)(179)(197)(204)
Cost of goods and services sold (166)(169)(171)(193)(204)
Gross profit: 239242333308326
Operating expenses (225)(237)(269)(301)(306)
Operating income: 14564720
Nonoperating income (expense) 1(6)376
Foreign currency transaction gain (loss), before tax 1(7)377
Other nonoperating income (expense) 010(0)(1)
Interest and debt expense (23)(20)(19)(6)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (1)7(3)(7)(7)
Income (loss) from continuing operations before income taxes: (9)(13)45117
Income tax expense (benefit) (1)(0)32(2)
Net income (loss) available to common stockholders, diluted: (11)(14)48215

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (11)(14)48215
Other comprehensive income (loss) (1)7(2)(7)(8)
Comprehensive income (loss), net of tax, attributable to parent: (12)(6)47(4)7

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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