FARO Technologies, Inc. (FARO) financial statements (2020 and earlier)

Company profile

Business Address 125 TECHNOLOGY PARK
LAKE MARY, FL 32746-6204
State of Incorp. FL
Fiscal Year End December 31
SIC 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments144134152149150174190
Cash and cash equivalents119109141106107109125
Short-term investments25251143436565
Receivables65897261708466
Inventory, net of allowances, customer advances and progress billings70655452465949
Inventory70655452465949
Other undisclosed current assets28291624262319
Total current assets:307317294286292341324
Noncurrent Assets
Finance lease, right-of-use asset1
Operating lease, right-of-use asset19
Property, plant and equipment28303232362916
Intangible assets, net (including goodwill)971007569422827
Goodwill70675347261919
Intangible assets, net (excluding goodwill)283323221698
Deferred income tax assets15
Other noncurrent assets34211  
Deferred tax assets, net 16    
Other undisclosed noncurrent assets39544036382723
Total noncurrent assets:2021901641371178567
TOTAL ASSETS:508506459424409425391
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities48624436345948
Accounts payable12201211111515
Accrued liabilities35362725232620
Employee-related liabilities     1812
Taxes payable1551  2
Debt7     0
Deferred revenue and credits3027262421
Customer advances and deposits3332
Other undisclosed current liabilities3836   (18)(9)
Total current liabilities:92987667636761
Noncurrent Liabilities
Long-term debt and lease obligation14     0
Finance lease, liability1
Capital lease obligations     0
Operating lease, liability13
Liabilities, other than long-term debt34313117191415
Deferred revenue and credits1214151413
Accounts payable and accrued liabilities131216    
Deferred revenue18
Contract with customer, liability16
Deferred tax liabilities, net 111 1
Deferred income tax liabilities2
Other liabilities142231 
Other undisclosed noncurrent liabilities 1     
Total noncurrent liabilities:48323117191415
Total liabilities:14113010784828276
Stockholders' equity
Stockholders' equity attributable to parent368377352340328344316
Common stock0000000
Treasury stock, value(31)(32)(32)(32)(32)(9)(9)
Additional paid in capital261251223213207200192
Accumulated other comprehensive income (loss)(24)(18)(8)(25)(20)(7)7
Retained earnings163175169183172160126
Total stockholders' equity:368377352340328344316
TOTAL LIABILITIES AND EQUITY:508506459424409425391

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues390404361326318342292
Revenue, net361326318342292
Cost of revenue(168)(175)(156)(148)(150)(153)(130)
Cost of goods and services sold(168)(175)(156)(148)(150)(156)(130)
Gross profit:223228205178168189162
Operating expenses(227)(223)(199)(165)(155)(152)(132)
Operating income (loss):(5)6513133730
Nonoperating income (expense)(3)(1)0(1)(0)0(1)
Investment income, nonoperating     00
Foreign currency transaction gain (loss), before tax (1)0(1)(0)0 
Other nonoperating income (expense) 0010(0)(0)
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)    00
Income (loss) from continuing operations before equity method investments, income taxes:(8)4612133829
Other undisclosed income from continuing operations before income taxes00000  
Income (loss) from continuing operations before income taxes:(8)5613133829
Income tax expense (benefit)10(20)(2)0(4)(7)
Net income (loss) available to common stockholders, diluted:(7)5(15)11133422

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(7)5(15)11133422
Comprehensive income (loss):(7)5(15)11133422
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(8)(11)17(5)(13)(14)1
Comprehensive income (loss), net of tax, attributable to parent:(14)(6)26(0)2022

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: