Comtech Telecommunications Corp. (CMTL) financial statements (2022 and earlier)

Company profile

Business Address 68 SOUTH SERVICE ROAD
MELVILLE, NY 11747
State of Incorp. DE
Fiscal Year End July 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30,91830,86147,87845,57643,48441,84466,805
Cash and cash equivalents30,91830,86147,87845,57643,48441,84466,805
Receivables138,767158,110126,816145,032147,439124,962150,967
Inventory, net of allowances, customer advances and progress billings90,27480,35882,30274,83975,07660,60371,354
Inventory90,27480,35882,30274,83975,07660,60371,354
Other undisclosed current assets21,44318,16720,10114,86713,79413,63514,513
Total current assets:281,402287,496277,097280,314279,793241,044303,639
Noncurrent Assets
Operating lease, right-of-use asset54,32844,48630,033 
Property, plant and equipment42,44535,28627,03728,02628,98732,84738,667
Intangible assets, net (including goodwill)605,693616,397588,538572,379531,429552,504572,312
Goodwill347,692347,698330,519310,489290,633290,633287,618
Intangible assets, net (excluding goodwill)258,001268,699258,019261,890240,796261,871284,694
Other noncurrent assets9,5677,6224,5513,8642,7432,6033,269
Other undisclosed noncurrent assets1,4191,8242,3913,1282,2053,0653,309
Total noncurrent assets:713,452705,615652,550607,397565,364591,019617,557
TOTAL ASSETS:994,854993,111929,647887,711845,157832,063921,196
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities132,227128,590111,158105,908111,817100,637139,822
Accounts payable32,55036,19323,42324,33043,92829,40233,462
Accrued liabilities96,89989,60185,10478,58465,03468,61098,034
Interest and dividends payable2,7782,7962,6312,9942,8552,6258,326
Deferred revenue77,73266,13040,250 
Debt  5775719,04717,80314,659
Restructuring reserve    406  
Customer advances and deposits25,77129,665
Contract with customer, liability38,682 
Other undisclosed current liabilities9,5318,8418,247 34,046  
Total current liabilities:219,490203,561159,712145,347165,316144,211184,146
Noncurrent Liabilities
Long-term debt and lease obligation163,392240,569173,609165,000148,852177,999243,990
Long-term debt, excluding current maturities114,500201,000149,500165,000148,087176,228239,969
Capital lease obligations7651,7714,021
Operating lease, liability48,89239,56924,109 
Liabilities, other than long-term debt42,24148,26247,02729,8016,68929,70322,659
Customer advances or deposits7,2275,764
Accounts payable and accrued liabilities3,2042,7171,9633252,5722,5152,992
Deferred revenue10,8239,8089,596 
Contract with customer, liability10,654 
Deferred tax liabilities, net 17,3069,798
Deferred income tax liabilities19,24821,23017,637 
Other liabilities8,96614,50717,83118,8224,1172,6554,105
Other undisclosed noncurrent liabilities   12,48118,616  
Total noncurrent liabilities:205,633288,831220,636207,282174,157207,702266,649
Total liabilities:425,123492,392380,348352,629339,473351,913450,795
Temporary equity, carrying amount101,867      
Stockholders' equity
Stockholders' equity attributable to parent467,864500,719549,299535,082505,684480,150470,401
Common stock4,1554,1283,9923,9283,8863,8623,837
Treasury stock, value(441,849)(441,849)(441,849)(441,849)(441,849)(441,849)(441,849)
Additional paid in capital612,780605,439569,891552,670538,453533,001524,797
Retained earnings292,778333,001417,265420,333405,194385,136383,616
Total stockholders' equity:467,864500,719549,299535,082505,684480,150470,401
TOTAL LIABILITIES AND EQUITY:994,854993,111929,647887,711845,157832,063921,196

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

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
Revenues522,325581,695616,715671,797570,589550,368411,004
Revenue, net550,368411,004
Cost of revenue(326,662)(367,737)(389,882)(424,357)(346,648)(332,183)(239,767)
Gross profit:195,663213,958226,833247,440223,941218,185171,237
Operating expenses(214,752)(282,256)(211,659)(206,033)(188,866)(181,143)(171,813)
Operating income (loss):(19,089)(68,298)15,17441,40735,07537,042(576)
Nonoperating income (expense)(50)139   68134
Investment income, nonoperating     68134
Interest and debt expense(5,701)(6,821)(6,054)(12,462)(10,195)(11,629)(7,750)
Income (loss) from continuing operations before equity method investments, income taxes:(24,840)(74,980)9,12028,94524,88025,481(8,192)
Other undisclosed income (loss) from continuing operations before income taxes702 190(35)(254)  
Income (loss) from continuing operations before income taxes:(24,138)(74,980)9,31028,91024,62625,481(8,192)
Income tax expense (benefit)4,4351,500(2,290)(3,869)5,143(9,654)454
Net income (loss) attributable to parent:(19,703)(73,480)7,02025,04129,76915,827(7,738)
Preferred stock dividends and other adjustments(1,867)      
Other undisclosed net loss available to common stockholders, basic(5,012)      
Net income (loss) available to common stockholders, diluted:(26,582)(73,480)7,02025,04129,76915,827(7,738)

Comprehensive Income ($ in thousands)

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
Net income (loss):(19,703)(73,480)7,02025,04129,76915,827(7,738)
Comprehensive income (loss), net of tax, attributable to parent:(19,703)(73,480)7,02025,04129,76915,827(7,738)

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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