Viavi Solutions Inc. (VIAV) financial statements (2021 and earlier)

Company profile

Business Address 6001 AMERICA CENTER DRIVE
SAN JOSE, CA 95002
State of Incorp. DE
Fiscal Year End June 30
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6465415237811,437968813
Cash and cash equivalents6445395226111,004483348
Short-term investments222169432485465
Restricted cash and investments3447111226
Receivables274257255218120148303
Inventory, net of allowances, customer advances and progress billings8883103924851154
Inventory8883103924851154
Prepaid expense1311141181037
Contract with customer, asset644
Assets held-for-sale, not part of disposal group333   
Other undisclosed current assets15121344432248
Total current assets:1,0469149171,1531,6671,2121,380
Noncurrent Assets
Property, plant and equipment182173180171137133295
Intangible assets, net (including goodwill)516530593571183212374
Goodwill395381381336152152261
Intangible assets, net (excluding goodwill)1211482122353160112
Restricted cash and investments  5 766
Deferred income tax assets117105
Other noncurrent assets54551714141822
Other undisclosed noncurrent assets  103115103103142
Total noncurrent assets:869863898870444471838
TOTAL ASSETS:1,9151,7761,8152,0232,1111,6832,218
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities145127156137107117240
Accounts payable545363563347121
Accrued liabilities22233430312541
Employee-related liabilities70515951444571
Taxes payable      7
Deferred revenue6255
Debt 3 275   
Deferred compensation liability      3
Restructuring reserve      22
Asset retirement obligation      2
Deferred revenue and credits 607981
Deferred tax liabilities    7
Contract with customer, liability5572
Other liabilities56487277613154
Other undisclosed current liabilities      (35)
Total current liabilities:264233284561229226376
Noncurrent Liabilities
Long-term debt and lease obligation612601579558931588591
Long-term debt, excluding current maturities612601579558931588562
Capital lease obligations    29
Liabilities, other than long-term debt238231227183164179307
Deferred revenue and credits   24
Asset retirement obligations      5
Liability, pension and other postretirement and postemployment benefits      89
Restructuring reserve      10
Other liabilities238231227183164179179
Other undisclosed noncurrent liabilities      (156)
Total noncurrent liabilities:8518328057411,095767741
Total liabilities:1,1141,0651,0891,3021,3249941,116
Stockholders' equity
Stockholders' equity attributable to parent8017117267217866891,101
Common stock0000000
Additional paid in capital70,28870,27470,24570,21670,18470,06070,023
Accumulated other comprehensive income (loss)(102)(166)(135)(102)(92)10(48)
Accumulated deficit(69,385)(69,397)(69,385)(69,393)(69,306)(69,381)(68,874)
Total stockholders' equity:8017117267217866891,101
TOTAL LIABILITIES AND EQUITY:1,9151,7761,8152,0232,1111,6832,218

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues1,1071,1361,1308808119061,709
Revenue, net 8119061,709
Cost of revenue(457)(471)(479)(388)(325)(357)(39)
Cost of goods and services sold(33)(33)(34)(27)(325)(357)(39)
Other undisclosed gross profit      (891)
Gross profit:651665651492486550779
Operating expenses(525)(547)(584)(487)(472)(634)(831)
Operating income (loss):12611867514(84)(52)
Nonoperating income710610216741
Investment income, nonoperating  (1)(0)203722
Foreign currency transaction loss, before tax      (4)
Other nonoperating income7107101333
Interest and debt expense(35)(34)(34)(47)(43)(36)(34)
Other undisclosed income from continuing operations before equity method investments, income taxes10      
Income (loss) from continuing operations before equity method investments, income taxes:1089439(33)187(46)(86)
Other undisclosed income from continuing operations before income taxes      3
Income (loss) from continuing operations before income taxes:1089439(33)187(46)(83)
Income tax expense(68)(65)(32)(13)(21)(5)(5)
Net income (loss):39298(46)165(50)(88)
Other undisclosed net income (loss) attributable to parent(9) (2) 2(49) 
Net income (loss) available to common stockholders, diluted:30295(46)167(99)(88)

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):39298(46)165(50)(88)
Other comprehensive income (loss) (5)(7)(10)1(11)(59)
Other undisclosed comprehensive loss(5)      
Comprehensive income (loss):34231(56)166(61)(147)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent26(26)(27) (102)28 
Comprehensive income (loss), net of tax, attributable to parent:60(3)(26)(56)65(33)(147)

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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