Fonar Corporation (FONR) financial statements (2020 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)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31292010998
Cash and cash equivalents15142010998
Short-term investments1515     
Receivables   0000
Costs in excess of billings 1122
Deferred tax assets2122181386
Other undisclosed current assets59352525232427
Total current assets:90856753464443
Noncurrent Assets
Operating lease, right-of-use asset30
Property, plant and equipment20171616151315
Long-term investments and receivables2      
Accounts and financing receivable, after allowance for credit loss2      
Intangible assets, net (including goodwill)891011111112
Goodwill4444322
Intangible assets, net (excluding goodwill)45678911
Deferred costs    (0)(1)(1)
Total noncurrent assets:61262627252327
TOTAL ASSETS:1511119380716770
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1110100
Accounts payable1211122
Accrued liabilities 000111
Employee-related liabilities 431311
Taxes payable 222233
Other undisclosed accounts payable and accrued liabilities (7)(6)(5)(7)(6)(7)
Deferred revenue4
Debt0000223
Due to related parties      0
Deferred revenue and credits45545
Billings in excess of cost  000
Customer advances and deposits11122
Other liabilities68871189
Other undisclosed current liabilities4611022
Total current liabilities:15141514211921
Noncurrent Liabilities
Long-term debt and lease obligation, including:0000268
Operating lease, liability29
Other undisclosed long-term debt and lease obligation(28)000268
Liabilities, other than long-term debt3000332
Accounts payable and accrued liabilities1   232
Deferred revenue2
Due to related parties000000 
Other undisclosed noncurrent liabilities28111(1)(2)(1)
Total noncurrent liabilities:321223710
Total liabilities:47151616242631
Stockholders' equity
Stockholders' equity attributable to parent, including:1241169977615146
Additional paid in capital183181179179174175175
Deferred employee stock ownership plan, issuance of shares or sale of treasury shares(1)(1)(1)(1)(1)(1)(1)
Accumulated deficit(58)(64)(80)(101)(121)(136)(149)
Other undisclosed stockholders' equity attributable to parent00  81221
Stockholders' equity attributable to noncontrolling interest124581221
Other undisclosed stockholders' equity  (0)(0)(8)(12)(41)
Total stockholders' equity:12511810283615125
Other undisclosed liabilities and equity      21
TOTAL LIABILITIES AND EQUITY:17213411899857677

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues878711222
Revenue, net8278736969
Cost of revenue(44)(40)(56)(51)(36)(35)(34)
Cost of goods and services sold (2)(28)(26)(26)(26)(25)
Other cost of operating revenue(9)(11)(10)(9)(9)(8) 
Gross profit:4347(55)(49)(34)(33)(32)
Operating expenses(23)(25)(6)(8)(23)(21)(22)
Other operating income (expense), net
(Other Expenses)
     (0)0
Operating income (loss):2022(61)(58)(57)(54)(54)
Nonoperating income1000010
Investment income, nonoperating0000000
Other nonoperating income (expense) 0(0)(0)00 
Interest and debt expense000(0)00(1)
Income (loss) from continuing operations before equity method investments, income taxes:2023(61)(58)(57)(53)(55)
Other undisclosed income (loss) from continuing operations before income taxes1(0)8077716666
Income from continuing operations before income taxes:22232019151311
Income tax expense (benefit)(2)(2)6(4)4(3)(2)
Income before gain (loss) on sale of properties:1921251519109
Other undisclosed net income1  9 55
Net income:20212524191513
Net income (loss) attributable to noncontrolling interest1054433(3)
Other undisclosed net loss attributable to parent(15)(10)(8)(8)(6)(5) 
Net income available to common stockholders, diluted:15152120161310

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income:20212524191513
Comprehensive income:20212524191513
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1054433(3)
Comprehensive income, net of tax, attributable to parent:30263028221810

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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