Aviat Networks, Inc. (AVNW) financial statements (2020 and earlier)

Company profile

Business Address 860 N. MCCARTHY BLVD, SUITE 200
MILPITAS, CA 95035
State of Incorp.
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)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34323736313549
Cash and cash equivalents34323736303549
Short-term investments   00  
Restricted cash and investments  01   
Receivables7480575863183162
Inventory, net of allowances, customer advances and progress billings1192122273338
Inventory1192122273338
Capitalized contract cost1 
Costs in excess of billings  51724
Other current assets6566111517
Other undisclosed current assets01223(87)(72)
Total current assets:126126123125140196218
Noncurrent Assets
Operating lease, right-of-use asset7
Property, plant and equipment17171716182429
Intangible assets, net (including goodwill)      0
Intangible assets, net (excluding goodwill)      0
Restricted cash and investments 00    
Deferred income tax assets14
Other noncurrent assets1212105122
Deferred tax assets, net  66  
Other undisclosed noncurrent assets 145  83
Total noncurrent assets:50433328263435
TOTAL ASSETS:176169156153166229253
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities55585756567489
Accounts payable32363134334746
Accrued liabilities23232622232032
Employee-related liabilities     810
Deferred revenue18
Debt13999996
Restructuring reserve2111443
Deferred revenue and credits 20314233
Deferred tax liabilities     0
Contract with customer, liability14
Other undisclosed current liabilities (0)19  0 
Total current liabilities:88828686100129131
Noncurrent Liabilities
Long-term debt and lease obligation3      
Operating lease, liability3
Liabilities, other than long-term debt1514512131322
Deferred revenue and credits 7899
Deferred revenue9
Contract with customer, liability10
Deferred tax liabilities, net  21 5
Deferred income tax liabilities1
Liability for uncertainty in income taxes5432111
Restructuring reserve 01  12
Other liabilities1111125
Other undisclosed noncurrent liabilities 17  4(2)
Total noncurrent liabilities:18151212131720
Total liabilities:106989998113146151
Stockholders' equity
Stockholders' equity attributable to parent707258545384103
Common stock0000011
Additional paid in capital814815816814812809807
Accumulated other comprehensive loss(13)(13)(13)(12)(11)(9)(3)
Accumulated deficit(731)(731)(746)(748)(747)(718)(702)
Stockholders' equity attributable to noncontrolling interest   100 
Total stockholders' equity:707258545384103
TOTAL LIABILITIES AND EQUITY:176169156153166229253

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

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues242244243242269336346
Revenue, net 242269336346
Cost of revenue
(Cost of Goods and Services Sold)
(158)(165)(162)(166)(207)(255)(261)
Gross profit:84798175628185
Operating expenses(80)(78)(79)(76)(89)(107)(136)
Operating income (loss):411(1)(27)(26)(51)
Nonoperating income (expense)00(0)0(1)(3)(0)
Investment income, nonoperating0001001
Foreign currency transaction gain (loss), before tax (1)0(1) (3)(1)
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 taxes0000 31
Income (loss) from continuing operations before income taxes:521(1)(29)(26)(51)
Income tax expense (benefit)681(0)(2)1(2)
Income (loss) from continuing operations:11102(1)(30)(25)(52)
Income from discontinued operations    10 
Net income (loss):11102(1)(30)(25)(52)
Net loss attributable to noncontrolling interest  (0)(0)(0)(0) 
Other undisclosed net income attributable to parent      1
Net income (loss) available to common stockholders, diluted:11102(1)(30)(25)(51)

Comprehensive Income ($ in millions)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):11102(1)(30)(25)(52)
Other comprehensive loss(1)(0)(1)(1)(3)(6) 
Comprehensive income (loss):10101(1)(32)(30)(52)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (0)(0)(0)(0) 
Other undisclosed comprehensive income, net of tax, attributable to parent      1
Comprehensive income (loss), net of tax, attributable to parent:10101(1)(32)(30)(51)

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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