II-VI Incorporated (IIVI) financial statements (2022 and earlier)

Company profile

Business Address 375 SAXONBURG BLVD
SAXONBURG, PA 16056
State of Incorp. PA
Fiscal Year End June 30
SIC 3827 - Optical Instruments and Lenses (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 1,592493205247272218
Cash and cash equivalents 1,592493205247272218
Receivables604659598270215193165
Inventory, net of allowances, customer advances and progress billings819696620296248204175
Inventory819696620296248204175
Prepaid expense17131212877
Other undisclosed current assets2,726686630442718
Total current assets:4,1663,0271,789813762702583
Noncurrent Assets
Property, plant and equipment   583525368243
Long-term investments and receivables  747669  
Long-term investments  747669  
Intangible assets, net (including goodwill)1,9702,0292,012459396384358
Goodwill1,2931,2971,239320271250234
Intangible assets, net (excluding goodwill)676732773139125134125
Deferred income tax assets373323
Other noncurrent assets20519413714889
Other undisclosed noncurrent assets1,2721,2291,200921519
Total noncurrent assets:3,4833,4853,4461,1411,000775630
TOTAL ASSETS:7,6496,5135,2351,9541,7621,4771,213
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities677642579247216165151
Accounts payable340294269104906654
Accrued liabilities16814611950432926
Employee-related liabilities14618115872665859
Taxes payable23203320171213
Debt1,378626924202020
Other undisclosed current liabilities282525    
Total current liabilities:2,083730673271236185171
Noncurrent Liabilities
Long-term debt and lease obligation1,0631,4392,281443419345216
Long-term debt, excluding current maturities9431,3132,186443419322216
Capital lease obligations  23 
Operating lease, liability12012695
Liabilities, other than long-term debt219212204107824643
Deferred tax liabilities, net24271511
Deferred income tax liabilities807446
Other liabilities13913815983553132
Total noncurrent liabilities:1,2821,6512,485550501392259
Total liabilities:3,3662,3803,158821737577430
Temporary equity, carrying amount746726     
Stockholders' equity
Stockholders' equity attributable to parent3,5373,4062,0771,1331,024901782
Preferred stock445445     
Common stock2,0192,0281,487382352270244
Treasury stock, value(232)(218)(199)(169)(160)(103)(100)
Accumulated other comprehensive income (loss)1514(87)(24)(4)(14)(14)
Retained earnings1,2901,137877944836748653
Total stockholders' equity:3,5373,4062,0771,1331,024901782
TOTAL LIABILITIES AND EQUITY:7,6496,5135,2351,9541,7621,4771,213

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
Revenues2,4103,1062,3801,3621,159972827
Cost of revenue
(Cost of Goods and Services Sold)
(1,475)(1,890)(1,561)(841)(698)(584)(514)
Gross profit:9351,216820521461388313
Operating expenses(858)(1,087)(1,004)(465)(407)(336)(278)
Other operating income (expense), net1610(14)35101
Operating income (loss):93140(199)59606236
Interest and debt expense(43)(60)(89)(22)(18)(7)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes14227322492816457
Income (loss) from continuing operations before equity method investments, income taxes:192353(64)12912211990
Income from equity method investments13143    
Other undisclosed income from continuing operations before income taxes71      
Income (loss) from continuing operations before income taxes:276367(61)12912211990
Income tax expense(39)(55)(3)(21)(34)(24)(24)
Income (loss) before gain (loss) on sale of properties:237312(64)108889565
Other undisclosed net loss(13)(14)(3)    
Net income (loss) attributable to parent:224298(67)108889565
Preferred stock dividends and other adjustments(51)(37)     
Net income (loss) available to common stockholders, basic:174260(67)108889565
Dilutive securities, effect on basic earnings per share412     
Other undisclosed net income available to common stockholders, diluted0      
Net income (loss) available to common stockholders, diluted:178273(67)108889565

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):224298(67)108889565
Other comprehensive income (loss)(2)102(63)(20)100(23)
Comprehensive income (loss):222399(130)87989643
Other undisclosed comprehensive income, net of tax, attributable to parent13      
Comprehensive income (loss), net of tax, attributable to parent:235399(130)87989643

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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