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 investments | 112,949 | 44,180 | 36,487 | 34,791 | 35,639 | 44,645 | 36,954 | ||
| Cash and cash equivalents | 102,728 | 29,341 | 19,767 | 18,715 | 19,941 | 27,043 | 13,746 | ||
| Short-term investments | 10,221 | 14,839 | 16,720 | 16,076 | 15,698 | 17,602 | 23,208 | ||
| Receivables | 14,261 | 28,646 | 28,619 | 27,717 | 20,474 | 17,447 | 12,310 | ||
| Inventory, net of allowances, customer advances and progress billings | 5,791 | 21,689 | 24,907 | 30,597 | 33,792 | 24,876 | 18,760 | ||
| Inventory | 5,791 | 21,689 | 24,907 | 30,597 | 33,792 | 24,876 | 18,760 | ||
| Other current assets | 1,093 | 752 | 1,341 | 1,001 | 997 | 1,052 | |||
| Other undisclosed current assets | 1,827 | 800 | 752 | 1,187 | 1,523 | 771 | 660 | ||
| Total current assets: | 134,828 | 96,408 | 91,517 | 95,633 | 92,429 | 88,736 | 69,736 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,520 | 8,165 | 10,279 | ✕ | ✕ | ✕ | ✕ | ||
| Nontrade receivables | 78 | 157 | |||||||
| Property, plant and equipment | 4,759 | 11,004 | 11,598 | 11,198 | 12,478 | 11,237 | 11,921 | ||
| Long-term investments and receivables | 7,427 | 5,388 | 5,537 | 4,372 | 6,849 | 3,593 | 9,673 | ||
| Long-term investments | 7,427 | 5,388 | 5,537 | 4,372 | 6,849 | 3,593 | 9,673 | ||
| Intangible assets, net (including goodwill) | 274 | 889 | 1,503 | 2,258 | 3,112 | ||||
| Intangible assets, net (excluding goodwill) | 274 | 889 | 1,503 | 2,258 | 3,112 | ||||
| Prepaid expense | 139 | 151 | |||||||
| Deposits noncurrent assets | 723 | 743 | |||||||
| Restricted cash and investments | 786 | 787 | 787 | 1,169 | 1,000 | 1,602 | 1,780 | ||
| Deferred income tax assets | 5,310 | 5,335 | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 871 | 1,435 | |||||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 7,913 | 4 | 3 | |||
| Other undisclosed noncurrent assets | 6,252 | 16 | 17 | 24 | 24 | ||||
| Total noncurrent assets: | 22,941 | 30,830 | 34,805 | 26,437 | 22,594 | 19,588 | 27,945 | ||
| TOTAL ASSETS: | 157,769 | 127,238 | 126,322 | 122,070 | 115,023 | 108,324 | 97,681 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 14,490 | 15,536 | 14,280 | 15,694 | 18,455 | 26,554 | 15,648 | ||
| Accounts payable | 5,320 | 4,259 | 4,199 | 6,053 | 3,949 | 5,323 | 5,950 | ||
| Accrued liabilities | 3,665 | 3,598 | 3,593 | 4,952 | 7,688 | 17,011 | 5,632 | ||
| Employee-related liabilities | 5,505 | 7,679 | 6,488 | 4,689 | 6,818 | 4,220 | 4,066 | ||
| Debt | 109 | 84 | 3,036 | 423 | |||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 11,026 | 5,422 | 3,625 | ||
| Other undisclosed current liabilities | 5,117 | 2,802 | 3,495 | 13,891 | |||||
| Total current liabilities: | 19,716 | 18,422 | 20,811 | 30,008 | 29,481 | 31,976 | 19,273 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,675 | 6,803 | 9,532 | ||||||
| Operating lease, liability | 3,675 | 6,803 | 9,532 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 363 | 457 | 186 | 2,438 | 2,879 | 3,082 | 2,411 | ||
| Other liabilities | 363 | 457 | 186 | 2,438 | 2,879 | 3,082 | 2,411 | ||
| Total noncurrent liabilities: | 4,038 | 7,260 | 9,718 | 2,438 | 2,879 | 3,082 | 2,411 | ||
| Total liabilities: | 23,754 | 25,682 | 30,529 | 32,446 | 32,360 | 35,058 | 21,684 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 134,015 | 101,556 | 95,793 | 89,624 | 82,663 | 73,266 | 75,997 | ||
| Common stock | 25 | 24 | 23 | 23 | 22 | 21 | 20 | ||
| Treasury stock, value | (29,551) | (29,551) | (29,158) | (29,047) | (28,489) | (28,489) | (28,489) | ||
| Additional paid in capital | 199,073 | 193,173 | 188,290 | 183,204 | 177,521 | 171,314 | 166,514 | ||
| Accumulated other comprehensive income | 578 | 640 | 424 | 378 | 490 | 321 | 412 | ||
| Accumulated deficit | (36,110) | (62,730) | (63,786) | (64,934) | (66,881) | (69,901) | (62,460) | ||
| Total stockholders' equity: | 134,015 | 101,556 | 95,793 | 89,624 | 82,663 | 73,266 | 75,997 | ||
| TOTAL LIABILITIES AND EQUITY: | 157,769 | 127,238 | 126,322 | 122,070 | 115,023 | 108,324 | 97,681 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 38,524 | 97,824 | 108,885 | 95,114 | 112,847 | 80,124 | 75,160 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 112,847 | 80,124 | 75,160 | |
| 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: | 7,067 | 40,545 | 40,868 | 32,694 | 45,663 | 30,409 | 26,317 | |
| Operating expenses | (29,543) | (37,990) | (36,943) | (36,911) | (40,815) | (37,972) | (35,055) | |
| Operating income (loss): | (22,476) | 2,555 | 3,925 | (4,217) | 4,848 | (7,563) | (8,738) | |
| Nonoperating income (expense) | (6) | 212 | 582 | 622 | 373 | 373 | 127 | |
| Investment income, nonoperating | 29 | 284 | 574 | 516 | 291 | 195 | 179 | |
| Other nonoperating income (expense) | (35) | (72) | 8 | 106 | 82 | 178 | (52) | |
| Income (loss) from continuing operations before income taxes: | (22,482) | 2,767 | 4,507 | (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) | 1,056 | 1,148 | 3,581 | 4,118 | (7,441) | (9,166) | |
| Income from discontinued operations | 49,677 | |||||||
| Net income (loss) available to common stockholders, diluted: | 26,620 | 1,056 | 1,148 | 3,581 | 4,118 | (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): | 26,620 | 1,056 | 1,148 | 3,581 | 4,118 | (7,441) | (9,166) | |
| Other comprehensive income (loss) | (62) | 216 | 46 | (112) | 169 | (91) | (207) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 26,558 | 1,272 | 1,194 | 3,469 | 4,287 | (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.