MRV Communications Inc (MRVC) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
20520 NORDHOFF ST CHATSWORTH, CA 91311 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2017 MRQ | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 25,116 | 26,169 | 40,609 | |||||
| Cash and cash equivalents | 25,116 | 26,169 | 40,609 | |||||
| Restricted cash and investments | 272 | 5,190 | 235 | 249 | ||||
| Receivables | 14,295 | 14,837 | 43,513 | 49,990 | 32,237 | |||
| Inventory, net of allowances, customer advances and progress billings | 9,657 | 10,226 | 21,683 | 22,981 | 22,444 | |||
| Inventory | 9,657 | 10,226 | 21,683 | 22,981 | 22,444 | |||
| Prepaid expense | 4,700 | ✕ | ||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 7,164 | 6,429 | ||
| Income taxes receivable | ✕ | ✕ | ✕ | 558 | 1,256 | |||
| Deferred tax assets | 535 | 1,219 | 1,145 | |||||
| Other current assets | 2,378 | 6,851 | 5,454 | ✕ | ||||
| Other undisclosed current assets | 28,499 | 34,062 | 16,727 | |||||
| Total current assets: | 51,718 | 63,273 | 105,412 | 117,170 | 119,591 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 3,130 | 4,050 | 4,890 | 5,555 | 3,735 | |||
| Intangible assets, net (including goodwill) | 1,064 | 1,153 | 1,364 | 873 | 400 | |||
| Intangible assets, net (excluding goodwill) | 1,064 | 1,153 | 1,364 | 873 | 400 | |||
| Other noncurrent assets | 348 | 608 | 801 | ✕ | ||||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 655 | 1,128 | ||
| Deferred tax assets, net | 2,105 | 3,694 | 3,711 | |||||
| Total noncurrent assets: | 4,542 | 5,811 | 9,160 | 10,777 | 8,974 | |||
| TOTAL ASSETS: | 56,260 | 69,084 | 114,572 | 127,947 | 128,565 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 17,548 | 15,721 | 38,872 | 43,454 | 37,130 | |||
| Accounts payable | 8,353 | 5,749 | 24,327 | 23,991 | 20,478 | |||
| Accrued liabilities | 9,195 | 9,972 | 14,545 | 19,463 | 16,652 | |||
| Debt | 5,402 | 4,320 | 5,267 | |||||
| Deferred revenue and credits | 6,146 | 7,642 | 13,527 | 10,557 | 7,290 | |||
| Other liabilities | 156 | 196 | 297 | 357 | 560 | |||
| Other undisclosed current liabilities | 233 | 233 | 233 | 233 | 233 | |||
| Total current liabilities: | 24,083 | 23,792 | 58,331 | 58,921 | 50,480 | |||
| Noncurrent Liabilities | ||||||||
| Liabilities, other than long-term debt | 3,478 | 3,846 | 10,192 | 10,338 | 5,184 | |||
| Deferred revenue and credits | 1,330 | 1,444 | ||||||
| Postemployment benefits liability | ✕ | ✕ | ✕ | 3,591 | 3,658 | |||
| Other liabilities | 3,478 | 3,846 | 5,271 | 5,236 | 5,184 | |||
| Total noncurrent liabilities: | 3,478 | 3,846 | 10,192 | 10,338 | 5,184 | |||
| Total liabilities: | 27,561 | 27,638 | 68,523 | 69,259 | 55,664 | |||
| Equity | ||||||||
| Equity, attributable to parent | 28,699 | 41,446 | 50,970 | 63,790 | 72,901 | |||
| Common stock | 270 | 270 | 270 | 270 | 270 | |||
| Treasury stock, value | (18,098) | (15,355) | (10,412) | (10,412) | (6,528) | |||
| Additional paid in capital | 1,287,336 | 1,285,787 | 1,284,483 | 1,281,883 | 1,281,170 | |||
| Accumulated other comprehensive income (loss) | (1,501) | (1,585) | (2,879) | 386 | (496) | |||
| Accumulated deficit | (1,239,308) | (1,227,671) | (1,220,492) | (1,208,337) | (1,201,515) | |||
| Total equity: | 28,699 | 41,446 | 50,970 | 63,790 | 72,901 | |||
| Other undisclosed liabilities and equity | (4,921) | (5,102) | ||||||
| TOTAL LIABILITIES AND EQUITY: | 56,260 | 69,084 | 114,572 | 127,947 | 128,565 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 80,315 | 88,199 | 172,056 | 166,201 | 151,661 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (41,209) | (42,619) | (116,278) | (108,208) | (96,509) | ||
| Gross profit: | 39,106 | 45,580 | 55,778 | 57,993 | 55,152 | ||
| Operating expenses | (50,155) | (49,414) | (63,528) | (62,374) | (64,999) | ||
| Operating loss: | (11,049) | (3,834) | (7,750) | (4,381) | (9,847) | ||
| Nonoperating income (expense) | (266) | (48) | 700 | (743) | 22,902 | ||
| Investment income, nonoperating | 23,272 | ||||||
| Gain (loss), foreign currency transaction, before tax | (310) | 473 | (336) | (316) | |||
| Other nonoperating income (expense) | (48) | 227 | (407) | (54) | |||
| Interest and debt expense | (55) | (329) | (526) | (601) | |||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (473) | 336 | (20,642) | ||||
| Loss from continuing operations before income taxes: | (11,315) | (3,937) | (7,852) | (5,314) | (8,188) | ||
| Income tax expense (benefit) | (322) | (2,871) | (4,303) | (1,508) | 1,013 | ||
| Loss from continuing operations: | (11,637) | (6,808) | (12,155) | (6,822) | (7,175) | ||
| Income (loss) before gain (loss) on sale of properties: | (11,637) | (7,179) | (12,155) | (6,822) | 5,664 | ||
| Income (loss) from discontinued operations | (371) | 12,839 | |||||
| Net income (loss) available to common stockholders, diluted: | (11,637) | (7,179) | (12,155) | (6,822) | 5,664 | ||
Comprehensive Income ($ in thousands)
| 6/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (11,637) | (7,179) | (12,155) | (6,822) | 5,664 | ||
| Other comprehensive income (loss) | 1,294 | (3,265) | 882 | (14,954) | |||
| Comprehensive loss: | (11,637) | (5,885) | (15,420) | (5,940) | (9,290) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 84 | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (11,553) | (5,885) | (15,420) | (5,940) | (9,290) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.