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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48184352455056
Cash and cash equivalents1818352623259
Short-term investments300826232546
Receivables33302831444028
Inventory, net of allowances, customer advances and progress billings23232321221718
Inventory23232321221718
Contract with customer, asset14
Deferred tax assets    3 
Other undisclosed current assets3345437
Total current assets:1097898109115113108
Noncurrent Assets
Operating lease, right-of-use asset6
Property, plant and equipment54534437404237
Intangible assets, net (including goodwill)20434949647433
Goodwill15323431374018
Intangible assets, net (excluding goodwill)5111518273415
Contract with customer, asset, net37
Deferred income tax assets0
Other noncurrent assets676534 
Prepaid expense and other noncurrent assets5
Deferred tax assets, net 0053 
Other undisclosed noncurrent assets 0     
Total noncurrent assets:90110989111112375
TOTAL ASSETS:199188196200226236184
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28343022282815
Accounts payable15181689129
Accrued liabilities811981211 
Employee-related liabilities6555756
Deferred revenue4
Debt31028761
Liability for uncertainty in income taxes112114 
Deferred revenue and credits77685
Contract with customer, liability9
Other undisclosed current liabilities2222229
Total current liabilities:38564340444829
Noncurrent Liabilities
Long-term debt and lease obligation319455058657
Long-term debt, excluding current maturities 19455058657
Operating lease, liability3
Liabilities, other than long-term debt81133671
Deferred revenue5
Contract with customer, liability9
Deferred tax liabilities, net 33551
Deferred income tax liabilities1
Other liabilities1200110
Other undisclosed noncurrent liabilities 2    30
Total noncurrent liabilities:11324754657238
Total liabilities:4988919310811967
Stockholders' equity
Stockholders' equity attributable to parent150100106107118117116
Common stock0000000
Treasury stock, value(11)(10)(13)(13)(13)(13)(13)
Additional paid in capital144140134130125121117
Accumulated other comprehensive income (loss)(3)(15)(11)(17)(8)(3)0
Retained earnings (accumulated deficit)20(15)(4)7141212
Total stockholders' equity:150100106107118117116
TOTAL LIABILITIES AND EQUITY:199188196200226236184

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues158171160176109162
Revenue, net160176185173162
Cost of revenue(103)(95)(90)(99)(102)(99)(97)
Cost of goods and services sold(2) (90)(99)(102)(99)(97)
Gross profit:55757077(93)(90)66
Operating expenses(76)(83)(79)(78)(79)(77)(62)
Other undisclosed operating income    1751692
Operating income (loss):(21)(7)(9)(1)326
Nonoperating income2101111
Investment income, nonoperating2111111
Foreign currency transaction loss, before tax     (0)(0)
Other nonoperating income (expense)01(0)00(0)0
Interest and debt expense(1)(2)(1)(1)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes     00
Income (loss) from continuing operations before income taxes:(20)(8)(10)(2)317
Income tax expense (benefit)4(1)(1)(6)(0)(1)(2)
Net income (loss):(16)(8)(11)(8)205
Other undisclosed net income attributable to parent49      
Net income (loss) available to common stockholders, diluted:33(8)(11)(8)205

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(16)(8)(11)(8)205
Other comprehensive income (loss)45(12)(6)(17)(2)(4) 
Comprehensive income (loss), net of tax, attributable to parent:29(20)(17)(24)0(4)5

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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