Extreme Networks, Inc. (EXTR) financial statements (2023 and earlier)

Company profile

Business Address 2121 RDU CENTER DRIVE
MORRISVILLE, NC 27560
State of Incorp. DE
Fiscal Year End June 30
SIC 3576 - Computer Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:17424719417012313594
Cash and cash equivalents174247194170121130 
Short-term investments     44
Other undisclosed cash, cash equivalents, and short-term investments    1 90
Receivables13315612317421212181
Inventory, net of allowances, customer advances and progress billings37336364644641
Inventory37336364644641
Other undisclosed current assets87513534292412
Total current assets:431488414442428325229
Noncurrent Assets
Operating lease, right-of-use asset313751
Property, plant and equipment52555974793030
Intangible assets, net (including goodwill)43636740019021610691
Goodwill3953313311391398071
Intangible assets, net (excluding goodwill)41366851772520
Other noncurrent assets63635552482326
Total noncurrent assets:582522565315342158146
TOTAL ASSETS:1,0131,010979757770483375
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1361431131321398467
Accounts payable59604866763231
Accrued liabilities11121415131010
Employee-related liabilities66725152504327
Deferred revenue225212190
Debt292417991218
Restructuring reserve     2 
Deferred revenue and credits 7973
Other liabilities61575971813727
Other undisclosed current liabilities1819191441314127
Total current liabilities:468456398356360256212
Noncurrent Liabilities
Long-term debt and lease obligation3143484451701898038
Long-term debt, excluding current maturities2883163951701898038
Operating lease, liability253350
Liabilities, other than long-term debt16215213156651715
Deferred revenue148133101
Deferred tax liabilities, net2675
Deferred income tax liabilities442
Restructuring reserve     22
Other liabilities91528545999
Total noncurrent liabilities:4765005762262549753
Total liabilities:943956974582614353265
Stockholders' equity
Stockholders' equity attributable to parent7054511611310790
Common stock0000000
Treasury stock, value(68)(43)(43)(15)   
Additional paid in capital1,0931,0791,035987942909885
Accumulated other comprehensive loss(3)(3)(6)(2)(2)(2)(3)
Accumulated deficit(952)(978)(980)(853)(828)(800)(792)
Total stockholders' equity:7054511611310790
Other undisclosed liabilities and equity   59442420
TOTAL LIABILITIES AND EQUITY:1,0131,010979757770483375

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues1,0801,009948996983598528
Revenue, net 598528
Cost of revenue(456)(424)(430)(445)(450)(274)(258)
Cost of goods and services sold(456)(424)(430)(445)(449)(274)(258)
Other undisclosed gross profit    201
Gross profit:624585518551535324271
Operating expenses(559)(551)(617)(566)(573)(325)(296)
Operating income (loss):6534(99)(15)(38)(1)(26)
Nonoperating income (expense)(2)(4)1(1)8(1)2
Investment income, nonoperating   (1)5  
Foreign currency transaction gain (loss), before tax(2)(2)   (1)1
Other nonoperating income (expense)0(2)1(1)3(0)1
Interest and debt expense(17)(23)(24)(13)(15)(4)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes3313(1)1(1)
Income (loss) from continuing operations before equity method investments, income taxes:4910(120)(26)(47)(4)(28)
Other undisclosed loss from continuing operations before income taxes(0)      
Income (loss) from continuing operations before income taxes:4910(120)(26)(47)(4)(28)
Income tax expense (benefit)(9)(8)(6)0(0)(4)(4)
Net income (loss) available to common stockholders, diluted:402(127)(26)(47)(9)(32)

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):402(127)(26)(47)(9)(32)
Other comprehensive income (loss)(0)4(4)(0)11(2)
Comprehensive income (loss), net of tax, attributable to parent:406(131)(26)(46)(8)(33)

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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