Fonar Corporation (FONR) financial statements (2021 and earlier)

Company profile

Business Address 110 MARCUS DR
MELVILLE, NY 11747
State of Incorp. DE
Fiscal Year End June 30
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments413729201099
Cash and cash equivalents413714201099
Short-term investments0015    
Receivables 1  000
Costs in excess of billings 112
Deferred tax assets212218138
Other undisclosed current assets61583525252324
Total current assets:102968567534644
Noncurrent Assets
Finance lease, right-of-use asset11
Operating lease, right-of-use asset3031
Property, plant and equipment22211716161513
Long-term investments and receivables33     
Accounts and financing receivable, after allowance for credit loss33     
Intangible assets, net (including goodwill)88910111111
Goodwill4444432
Intangible assets, net (excluding goodwill)4456789
Deferred costs     (0)(1)
Other undisclosed noncurrent assets 20     
Total noncurrent assets:63842626272523
TOTAL ASSETS:16518011193807167
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2211010
Accounts payable2221112
Accrued liabilities  00011
Employee-related liabilities  43131
Taxes payable  22223
Other undisclosed accounts payable and accrued liabilities  (7)(6)(5)(7)(6)
Deferred revenue44
Debt0000022
Deferred revenue and credits4554
Billings in excess of cost  00
Customer advances and deposits1112
Other liabilities68887118
Other undisclosed current liabilities5461102
Total current liabilities:17191415142119
Noncurrent Liabilities
Long-term debt and lease obligation, including:1100026
Finance lease, liability11
Operating lease, liability2830
Other undisclosed long-term debt and lease obligation(29)(30)00026
Liabilities, other than long-term debt3400033
Accounts payable and accrued liabilities11   23
Deferred revenue33
Due to related parties0000000
Other undisclosed noncurrent liabilities2931111(1)(2)
Total noncurrent liabilities:333512237
Total liabilities:50541516162426
Stockholders' equity
Stockholders' equity attributable to parent, including:13412611699776151
Treasury stock, value(1)(1)     
Additional paid in capital185183181179179174175
Deferred employee stock ownership plan, issuance of shares or sale of treasury shares  (1)(1)(1)(1)(1)
Accumulated deficit(51)(56)(64)(80)(101)(121)(136)
Other undisclosed stockholders' equity attributable to parent000  812
Stockholders' equity attributable to noncontrolling interest(2)0245812
Other undisclosed stockholders' equity   (0)(0)(8)(12)
Total stockholders' equity:132126118102836151
TOTAL LIABILITIES AND EQUITY:182180134118998576

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues8686871122
Revenue, net82787369
Cost of revenue(38)(39)(40)(56)(51)(36)(35)
Cost of goods and services sold (2)(2)(28)(26)(26)(26)
Other cost of operating revenue(8)(11)(11)(10)(9)(9)(8)
Gross profit:484647(55)(49)(34)(33)
Operating expenses(35)(33)(25)(6)(8)(23)(21)
Other operating expense, net
(Other Expenses)
      (0)
Operating income (loss):131422(61)(58)(57)(54)
Nonoperating income0100001
Investment income, nonoperating0100000
Other nonoperating income (expense)(0)00(0)(0)00
Interest and debt expense(0)(0)00(0)00
Income (loss) from continuing operations before equity method investments, income taxes:141423(61)(58)(57)(53)
Other undisclosed income (loss) from continuing operations before income taxes(1) (0)80777166
Income from continuing operations before income taxes:13142320191513
Income tax expense (benefit)(2)(2)(2)6(4)4(3)
Income before gain (loss) on sale of properties:10122125151910
Other undisclosed net income    9 5
Net income:10122125241915
Net income (loss) attributable to noncontrolling interest(4)(3)54433
Other undisclosed net income (loss) attributable to parent2 (10)(8)(8)(6)(5)
Net income available to common stockholders, diluted:781521201613

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income:10122125241915
Comprehensive income:10122125241915
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(3)54433
Comprehensive income, net of tax, attributable to parent:682630282218

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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