Comtech Telecommunications Corp. (CMTL) financial statements (2020 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 millions)

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4646434267151155
Cash and cash equivalents4646434267151155
Receivables1481451471251516955
Inventory, net of allowances, customer advances and progress billings74757561716261
Inventory74757561716261
Other undisclosed current assets21151414151820
Total current assets:290280280241304301291
Noncurrent Assets
Operating lease, right-of-use asset33 
Property, plant and equipment27282933391519
Intangible assets, net (including goodwill)593572531553572157164
Goodwill328310291291288137137
Intangible assets, net (excluding goodwill)2642622412622852026
Deferred costs      0
Other noncurrent assets4433301
Other undisclosed noncurrent assets33233  
Total noncurrent assets:660607565591618173183
TOTAL ASSETS:950888845832921474474
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1151061121011406266
Accounts payable27244429331619
Accrued liabilities85796569982930
Employee-related liabilities     1212
Interest and dividends payable3333855
Debt101191815  
Restructuring reserve  0  1 
Customer advances and deposits26301413
Contract with customer, liability39 
Other undisclosed current liabilities39 34  (13)(12)
Total current liabilities:1631451651441846466
Noncurrent Liabilities
Long-term debt and lease obligation184165149178244  
Long-term debt, excluding current maturities158165148176240  
Capital lease obligations124  
Operating lease, liability26 
Liabilities, other than long-term debt3930730231115
Customer advances or deposits76  
Accounts payable and accrued liabilities3033323
Contract with customer, liability11 
Deferred tax liabilities, net 171034
Deferred income tax liabilities19 
Restructuring reserve     34
Other liabilities171943444
Other undisclosed noncurrent liabilities121219  (3)(4)
Total noncurrent liabilities:236207174208267811
Total liabilities:3993533393524517277
Stockholders' equity
Stockholders' equity attributable to parent551535506480470401397
Common stock4444433
Treasury stock, value(442)(442)(442)(442)(442)(442)(437)
Additional paid in capital564553538533525427421
Retained earnings425420405385384413409
Total stockholders' equity:551535506480470401397
TOTAL LIABILITIES AND EQUITY:950888845832921474474

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

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
Revenues679672571550411307347
Revenue, net550411307347
Cost of revenue(426)(424)(347)(332)(240)(168)(196)
Gross profit:253247224218171139151
Operating expenses(215)(206)(189)(181)(172)(105)(108)
Operating income (loss):37413537(1)3444
Nonoperating income
(Investment Income, Nonoperating)
   0001
Interest and debt expense(8)(12)(10)(12)(8)(0)(6)
Income (loss) from continuing operations before equity method investments, income taxes:29292525(8)3439
Other undisclosed income (loss) from continuing operations before income taxes0(0)(0)    
Income (loss) from continuing operations before income taxes:30292525(8)3439
Income tax expense (benefit)(6)(4)5(10)0(11)(13)
Net income (loss) available to common stockholders, basic:24253016(8)2325
Interest on convertible debt      3
Net income (loss) available to common stockholders, diluted:24253016(8)2329

Comprehensive Income ($ in millions)

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
Net income (loss):24253016(8)2325
Comprehensive income (loss), net of tax, attributable to parent:24253016(8)2325

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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