FARO Technologies, Inc. (FARO) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments186159134152149150174
Cash and cash equivalents186134109141106107109
Short-term investments 252511434365
Receivables65768972617084
Inventory, net of allowances, customer advances and progress billings47596554524659
Inventory47596554524659
Other undisclosed current assets26292916242623
Total current assets:324322317294286292341
Noncurrent Assets
Finance lease, right-of-use asset01
Operating lease, right-of-use asset2618
Property, plant and equipment23273032323629
Intangible assets, net (including goodwill)716410075694228
Goodwill58506753472619
Intangible assets, net (excluding goodwill)1314332322169
Deferred income tax assets4719
Other noncurrent assets234211 
Deferred tax assets, net 16   
Other undisclosed noncurrent assets31335440363827
Total noncurrent assets:20216519016413711785
TOTAL ASSETS:526487506459424409425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60576244363459
Accounts payable14142012111115
Accrued liabilities43383627252326
Employee-related liabilities      18
Taxes payable35551  
Deferred revenue39 
Debt07     
Deferred revenue and credits30272624
Customer advances and deposits3332
Other undisclosed current liabilities84236   (18)
Total current liabilities:1081069876676367
Noncurrent Liabilities
Long-term debt and lease obligation2214     
Finance lease, liability00
Operating lease, liability2213
Liabilities, other than long-term debt35353131171914
Deferred revenue and credits12141514
Accounts payable and accrued liabilities12131216   
Deferred revenue2221
Contract with customer, liability16
Deferred tax liabilities, net 111 
Deferred income tax liabilities10
Other liabilities1142231
Other undisclosed noncurrent liabilities  1    
Total noncurrent liabilities:57493231171914
Total liabilities:165155130107848282
Stockholders' equity
Stockholders' equity attributable to parent360332377352340328344
Common stock0000000
Treasury stock, value(31)(31)(32)(32)(32)(32)(9)
Additional paid in capital288268251223213207200
Accumulated other comprehensive loss(10)(17)(18)(8)(25)(20)(7)
Retained earnings114113175169183172160
Total stockholders' equity:360332377352340328344
TOTAL LIABILITIES AND EQUITY:526487506459424409425

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues304382404361326318342
Revenue, net361326318342
Cost of revenue(144)(184)(175)(156)(148)(150)(153)
Cost of goods and services sold(144)(184)(175)(156)(148)(150)(156)
Gross profit:160198228205178168189
Operating expenses(191)(257)(223)(199)(165)(155)(152)
Operating income (loss):(31)(59)65131337
Nonoperating income (expense)(0)(2)(1)0(1)(0)0
Investment income, nonoperating      0
Foreign currency transaction gain (loss), before tax(2)(1)(1)0(1)(0)0
Other nonoperating income (expense)1(1)0010(0)
Interest and debt expense(0)(1)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes      0
Income (loss) from continuing operations before equity method investments, income taxes:(31)(62)46121338
Other undisclosed income from continuing operations before income taxes010000 
Income (loss) from continuing operations before income taxes:(31)(61)56131338
Income tax expense (benefit)31(1)0(20)(2)0(4)
Net income (loss) available to common stockholders, diluted:1(62)5(15)111334

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1(62)5(15)111334
Comprehensive income (loss):1(62)5(15)111334
Other undisclosed comprehensive income (loss), net of tax, attributable to parent71(11)17(5)(13)(14)
Comprehensive income (loss), net of tax, attributable to parent:8(61)(6)26(0)20

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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