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 | 1,592 | 493 | 205 | 247 | 272 | 218 | |||
| Cash and cash equivalents | 1,592 | 493 | 205 | 247 | 272 | 218 | |||
| Receivables | 604 | 659 | 598 | 270 | 215 | 193 | 165 | ||
| Inventory, net of allowances, customer advances and progress billings | 819 | 696 | 620 | 296 | 248 | 204 | 175 | ||
| Inventory | 819 | 696 | 620 | 296 | 248 | 204 | 175 | ||
| Prepaid expense | 17 | 13 | 12 | 12 | 8 | 7 | 7 | ||
| Other undisclosed current assets | 2,726 | 68 | 66 | 30 | 44 | 27 | 18 | ||
| Total current assets: | 4,166 | 3,027 | 1,789 | 813 | 762 | 702 | 583 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 583 | 525 | 368 | 243 | |||||
| Long-term investments and receivables | 74 | 76 | 69 | ||||||
| Long-term investments | 74 | 76 | 69 | ||||||
| Intangible assets, net (including goodwill) | 1,970 | 2,029 | 2,012 | 459 | 396 | 384 | 358 | ||
| Goodwill | 1,293 | 1,297 | 1,239 | 320 | 271 | 250 | 234 | ||
| Intangible assets, net (excluding goodwill) | 676 | 732 | 773 | 139 | 125 | 134 | 125 | ||
| Deferred income tax assets | 37 | 33 | 23 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 205 | 194 | 137 | 14 | 8 | 8 | 9 | ||
| Other undisclosed noncurrent assets | 1,272 | 1,229 | 1,200 | 9 | 2 | 15 | 19 | ||
| Total noncurrent assets: | 3,483 | 3,485 | 3,446 | 1,141 | 1,000 | 775 | 630 | ||
| TOTAL ASSETS: | 7,649 | 6,513 | 5,235 | 1,954 | 1,762 | 1,477 | 1,213 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 677 | 642 | 579 | 247 | 216 | 165 | 151 | ||
| Accounts payable | 340 | 294 | 269 | 104 | 90 | 66 | 54 | ||
| Accrued liabilities | 168 | 146 | 119 | 50 | 43 | 29 | 26 | ||
| Employee-related liabilities | 146 | 181 | 158 | 72 | 66 | 58 | 59 | ||
| Taxes payable | 23 | 20 | 33 | 20 | 17 | 12 | 13 | ||
| Debt | 1,378 | 62 | 69 | 24 | 20 | 20 | 20 | ||
| Other undisclosed current liabilities | 28 | 25 | 25 | ||||||
| Total current liabilities: | 2,083 | 730 | 673 | 271 | 236 | 185 | 171 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,063 | 1,439 | 2,281 | 443 | 419 | 345 | 216 | ||
| Long-term debt, excluding current maturities | 943 | 1,313 | 2,186 | 443 | 419 | 322 | 216 | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 23 | |||||
| Operating lease, liability | 120 | 126 | 95 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 219 | 212 | 204 | 107 | 82 | 46 | 43 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 24 | 27 | 15 | 11 | ||
| Deferred income tax liabilities | 80 | 74 | 46 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 139 | 138 | 159 | 83 | 55 | 31 | 32 | ||
| Total noncurrent liabilities: | 1,282 | 1,651 | 2,485 | 550 | 501 | 392 | 259 | ||
| Total liabilities: | 3,366 | 2,380 | 3,158 | 821 | 737 | 577 | 430 | ||
| Temporary equity, carrying amount | 746 | 726 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 3,537 | 3,406 | 2,077 | 1,133 | 1,024 | 901 | 782 | ||
| Preferred stock | 445 | 445 | |||||||
| Common stock | 2,019 | 2,028 | 1,487 | 382 | 352 | 270 | 244 | ||
| Treasury stock, value | (232) | (218) | (199) | (169) | (160) | (103) | (100) | ||
| Accumulated other comprehensive income (loss) | 15 | 14 | (87) | (24) | (4) | (14) | (14) | ||
| Retained earnings | 1,290 | 1,137 | 877 | 944 | 836 | 748 | 653 | ||
| Total stockholders' equity: | 3,537 | 3,406 | 2,077 | 1,133 | 1,024 | 901 | 782 | ||
| TOTAL LIABILITIES AND EQUITY: | 7,649 | 6,513 | 5,235 | 1,954 | 1,762 | 1,477 | 1,213 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,410 | 3,106 | 2,380 | 1,362 | 1,159 | 972 | 827 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,475) | (1,890) | (1,561) | (841) | (698) | (584) | (514) | |
| Gross profit: | 935 | 1,216 | 820 | 521 | 461 | 388 | 313 | |
| Operating expenses | (858) | (1,087) | (1,004) | (465) | (407) | (336) | (278) | |
| Other operating income (expense), net | 16 | 10 | (14) | 3 | 5 | 10 | 1 | |
| Operating income (loss): | 93 | 140 | (199) | 59 | 60 | 62 | 36 | |
| Interest and debt expense | (43) | (60) | (89) | (22) | (18) | (7) | (3) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 142 | 273 | 224 | 92 | 81 | 64 | 57 | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 192 | 353 | (64) | 129 | 122 | 119 | 90 | |
| Income from equity method investments | 13 | 14 | 3 | |||||
| Other undisclosed income from continuing operations before income taxes | 71 | |||||||
| Income (loss) from continuing operations before income taxes: | 276 | 367 | (61) | 129 | 122 | 119 | 90 | |
| Income tax expense | (39) | (55) | (3) | (21) | (34) | (24) | (24) | |
| Income (loss) before gain (loss) on sale of properties: | 237 | 312 | (64) | 108 | 88 | 95 | 65 | |
| Other undisclosed net loss | (13) | (14) | (3) | |||||
| Net income (loss) attributable to parent: | 224 | 298 | (67) | 108 | 88 | 95 | 65 | |
| Preferred stock dividends and other adjustments | (51) | (37) | ||||||
| Net income (loss) available to common stockholders, basic: | 174 | 260 | (67) | 108 | 88 | 95 | 65 | |
| Dilutive securities, effect on basic earnings per share | 4 | 12 | ||||||
| Other undisclosed net income available to common stockholders, diluted | 0 | |||||||
| Net income (loss) available to common stockholders, diluted: | 178 | 273 | (67) | 108 | 88 | 95 | 65 | |
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): | 224 | 298 | (67) | 108 | 88 | 95 | 65 | |
| Other comprehensive income (loss) | (2) | 102 | (63) | (20) | 10 | 0 | (23) | |
| Comprehensive income (loss): | 222 | 399 | (130) | 87 | 98 | 96 | 43 | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 13 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 235 | 399 | (130) | 87 | 98 | 96 | 43 | |
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.