Aviat Networks, Inc. (AVNW) financial statements (2021 and earlier)

Company profile

Business Address 200 PARKER DRIVE
AUSTIN, TX 78728
State of Incorp. DE
Fiscal Year End June 30
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43423237363135
Cash and cash equivalents43423237363035
Short-term investments    00 
Restricted cash and investments   01  
Receivables817380575863183
Inventory, net of allowances, customer advances and progress billings  921222733
Inventory  921222733
Capitalized contract cost21 
Assets held-for-sale, not part of disposal group2     
Costs in excess of billings  517
Other current assets11105661115
Other undisclosed current assets17141223(87)
Total current assets:156140126123125140196
Noncurrent Assets
Operating lease, right-of-use asset33
Property, plant and equipment13171717161824
Restricted cash and investments  00   
Deferred income tax assets1213
Other noncurrent assets871210512
Deferred tax assets, net  66 
Other undisclosed noncurrent assets  145  8
Total noncurrent assets:37404333282634
TOTAL ASSETS:193180169156153166229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities64595857565674
Accounts payable38323631343347
Accrued liabilities26272326222320
Employee-related liabilities      8
Deferred revenue2622
Debt 999999
Restructuring reserve1311144
Deferred revenue and credits 203142
Contract with customer, liability14
Other undisclosed current liabilities11(0)19  0
Total current liabilities:9294828686100129
Noncurrent Liabilities
Long-term debt and lease obligation22     
Operating lease, liability22
Liabilities, other than long-term debt1515145121313
Deferred revenue and credits 789
Deferred revenue88
Contract with customer, liability10
Deferred tax liabilities, net  21 
Deferred income tax liabilities11
Liability for uncertainty in income taxes5643211
Restructuring reserve  01  1
Other liabilities0011112
Other undisclosed noncurrent liabilities  17  4
Total noncurrent liabilities:17171512121317
Total liabilities:109111989998113146
Stockholders' equity
Stockholders' equity attributable to parent85697258545384
Common stock0000001
Additional paid in capital817814815816814812809
Accumulated other comprehensive loss(14)(15)(13)(13)(12)(11)(9)
Accumulated deficit(718)(731)(731)(746)(748)(747)(718)
Stockholders' equity attributable to noncontrolling interest    100
Total stockholders' equity:85697258545384
TOTAL LIABILITIES AND EQUITY:193180169156153166229

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues261239244243242269336
Revenue, net 242269336
Cost of revenue
(Cost of Goods and Services Sold)
(166)(154)(165)(162)(166)(207)(255)
Gross profit:95857981756281
Operating expenses(77)(81)(78)(79)(76)(89)(107)
Operating income (loss):18311(1)(27)(26)
Nonoperating income (expense)000(0)0(1)(3)
Investment income, nonoperating0000100
Foreign currency transaction gain (loss), before tax  (1)0(1) (3)
Other nonoperating expense     (1) 
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes  000 3
Income (loss) from continuing operations before income taxes:18421(1)(29)(26)
Income tax expense (benefit)(4)(3)81(0)(2)1
Income (loss) from continuing operations:140102(1)(30)(25)
Income from discontinued operations     10
Net income (loss):140102(1)(30)(25)
Net loss attributable to noncontrolling interest   (0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:140102(1)(30)(25)

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):140102(1)(30)(25)
Other comprehensive loss (2)(0)(1)(1)(3)(6)
Other undisclosed comprehensive loss(2)      
Comprehensive income (loss):12(2)101(1)(32)(30)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (0)(0)(0)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent1      
Comprehensive income (loss), net of tax, attributable to parent:13(2)101(1)(32)(30)

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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