Intevac, Inc. (IVAC) financial statements (2023 and earlier)

Company profile

Business Address 3560 BASSETT STREET
SANTA CLARA, CA 95054
State of Incorp. DE
Fiscal Year End December 31
SIC 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments112,94944,18036,48734,79135,63944,64536,954
Cash and cash equivalents102,72829,34119,76718,71519,94127,04313,746
Short-term investments10,22114,83916,72016,07615,69817,60223,208
Receivables14,26128,64628,61927,71720,47417,44712,310
Inventory, net of allowances, customer advances and progress billings5,79121,68924,90730,59733,79224,87618,760
Inventory5,79121,68924,90730,59733,79224,87618,760
Other current assets 1,0937521,3411,0019971,052
Other undisclosed current assets1,8278007521,1871,523771660
Total current assets:134,82896,40891,51795,63392,42988,73669,736
Noncurrent Assets
Operating lease, right-of-use asset4,5208,16510,279
Nontrade receivables  78157   
Property, plant and equipment4,75911,00411,59811,19812,47811,23711,921
Long-term investments and receivables7,4275,3885,5374,3726,8493,5939,673
Long-term investments7,4275,3885,5374,3726,8493,5939,673
Intangible assets, net (including goodwill)  2748891,5032,2583,112
Intangible assets, net (excluding goodwill)  2748891,5032,2583,112
Prepaid expense139151     
Deposits noncurrent assets   723743  
Restricted cash and investments7867877871,1691,0001,6021,780
Deferred income tax assets5,3105,335 
Other noncurrent assets     8711,435
Deferred tax assets, net7,91343 
Other undisclosed noncurrent assets  6,25216172424
Total noncurrent assets:22,94130,83034,80526,43722,59419,58827,945
TOTAL ASSETS:157,769127,238126,322122,070115,023108,32497,681
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,49015,53614,28015,69418,45526,55415,648
Accounts payable5,3204,2594,1996,0533,9495,3235,950
Accrued liabilities3,6653,5983,5934,9527,68817,0115,632
Employee-related liabilities5,5057,6796,4884,6896,8184,2204,066
Debt109843,036423   
Customer advances and deposits11,0265,4223,625
Other undisclosed current liabilities5,1172,8023,49513,891   
Total current liabilities:19,71618,42220,81130,00829,48131,97619,273
Noncurrent Liabilities
Long-term debt and lease obligation3,6756,8039,532    
Operating lease, liability3,6756,8039,532
Liabilities, other than long-term debt3634571862,4382,8793,0822,411
Other liabilities3634571862,4382,8793,0822,411
Total noncurrent liabilities:4,0387,2609,7182,4382,8793,0822,411
Total liabilities:23,75425,68230,52932,44632,36035,05821,684
Stockholders' equity
Stockholders' equity attributable to parent134,015101,55695,79389,62482,66373,26675,997
Common stock25242323222120
Treasury stock, value(29,551)(29,551)(29,158)(29,047)(28,489)(28,489)(28,489)
Additional paid in capital199,073193,173188,290183,204177,521171,314166,514
Accumulated other comprehensive income578640424378490321412
Accumulated deficit(36,110)(62,730)(63,786)(64,934)(66,881)(69,901)(62,460)
Total stockholders' equity:134,015101,55695,79389,62482,66373,26675,997
TOTAL LIABILITIES AND EQUITY:157,769127,238126,322122,070115,023108,32497,681

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues38,52497,824108,88595,114112,84780,12475,160
Revenue, net112,84780,12475,160
Cost of revenue
(Cost of Goods and Services Sold)
(31,457)(57,279)(68,017)(62,420)(67,184)(49,715)(48,843)
Gross profit:7,06740,54540,86832,69445,66330,40926,317
Operating expenses(29,543)(37,990)(36,943)(36,911)(40,815)(37,972)(35,055)
Operating income (loss):(22,476)2,5553,925(4,217)4,848(7,563)(8,738)
Nonoperating income (expense)(6)212582622373373127
Investment income, nonoperating29284574516291195179
Other nonoperating income (expense)(35)(72)810682178(52)
Income (loss) from continuing operations before income taxes:(22,482)2,7674,507(3,595)5,221(7,190)(8,611)
Income tax expense (benefit)(575)(1,711)(3,359)7,176(1,103)(251)(555)
Income (loss) from continuing operations:(23,057)1,0561,1483,5814,118(7,441)(9,166)
Income from discontinued operations49,677      
Net income (loss) available to common stockholders, diluted:26,6201,0561,1483,5814,118(7,441)(9,166)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):26,6201,0561,1483,5814,118(7,441)(9,166)
Other comprehensive income (loss)(62)21646(112)169(91)(207)
Comprehensive income (loss), net of tax, attributable to parent:26,5581,2721,1943,4694,287(7,532)(9,373)

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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