KVH Industries, Inc. (KVHI) financial statements (2021 and earlier)

Company profile

Business Address 50 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
State of Incorp. DE
Fiscal Year End December 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38481843524550
Cash and cash equivalents13181835262325
Short-term investments253008262325
Receivables34333028314440
Inventory, net of allowances, customer advances and progress billings25232323212217
Inventory25232323212217
Contract with customer, asset114
Deferred tax assets    3
Other undisclosed current assets4334543
Total current assets:1011097898109115113
Noncurrent Assets
Operating lease, right-of-use asset76
Property, plant and equipment56545344374042
Intangible assets, net (including goodwill)9204349496474
Goodwill7153234313740
Intangible assets, net (excluding goodwill)251115182734
Contract with customer, asset, net337
Deferred income tax assets00
Other noncurrent assets8676534
Deferred tax assets, net 0053
Other undisclosed noncurrent assets  0    
Total noncurrent assets:83901109891111123
TOTAL ASSETS:184199188196200226236
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities25283430222828
Accounts payable111518168912
Accrued liabilities7811981211
Employee-related liabilities7655575
Deferred revenue44
Debt63102876
Liability for uncertainty in income taxes1112114
Deferred revenue and credits7768
Contract with customer, liability9
Other undisclosed current liabilities5222222
Total current liabilities:41385643404448
Noncurrent Liabilities
Long-term debt and lease obligation531945505865
Long-term debt, excluding current maturities2 1945505865
Operating lease, liability33
Liabilities, other than long-term debt68113367
Deferred revenue55
Contract with customer, liability9
Deferred tax liabilities, net 3355
Deferred income tax liabilities01
Other liabilities1120011
Other undisclosed noncurrent liabilities  2    
Total noncurrent liabilities:11113247546572
Total liabilities:5249889193108119
Stockholders' equity
Stockholders' equity attributable to parent132150100106107118117
Common stock0000000
Treasury stock, value(12)(11)(10)(13)(13)(13)(13)
Additional paid in capital149144140134130125121
Accumulated other comprehensive loss(3)(3)(15)(11)(17)(8)(3)
Retained earnings (accumulated deficit)(2)20(15)(4)71412
Total stockholders' equity:132150100106107118117
TOTAL LIABILITIES AND EQUITY:184199188196200226236

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues159158171160176109
Revenue, net160176185173
Cost of revenue(99)(103)(95)(90)(99)(102)(99)
Cost of goods and services sold (2) (90)(99)(102)(99)
Gross profit:6055757077(93)(90)
Operating expenses(83)(76)(83)(79)(78)(79)(77)
Other undisclosed operating income     175169
Operating income (loss):(23)(21)(7)(9)(1)32
Nonoperating income1210111
Investment income, nonoperating1211111
Foreign currency transaction loss, before tax      (0)
Other nonoperating income (expense)001(0)00(0)
Interest and debt expense(0)(1)(2)(1)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes      0
Income (loss) from continuing operations before income taxes:(22)(20)(8)(10)(2)31
Income tax expense (benefit)(0)4(1)(1)(6)(0)(1)
Net income (loss):(22)(16)(8)(11)(8)20
Other undisclosed net income attributable to parent 49     
Net income (loss) available to common stockholders, diluted:(22)33(8)(11)(8)20

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(22)(16)(8)(11)(8)20
Other comprehensive income (loss)(22)45(12)(6)(17)(2)(4)
Comprehensive income (loss), net of tax, attributable to parent:(44)29(20)(17)(24)0(4)

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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