Adtran, inc. (ADTN)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Sales
Total Sales

530,061

529,277

666,900

636,781

600,064

630,007

641,744

620,614

717,229

605,674

484,185

500,676

Cost of Sales
Total Cost of Sales

310,894

325,712

363,265

345,451

333,167

318,680

332,858

303,971

302,911

246,811

197,223

201,771

Gross Profit

219,167

203,565

303,635

291,330

266,897

311,327

308,886

316,643

414,318

358,863

286,962

298,905

Selling, general and administrative expenses

130,288

124,440

135,583

131,848

123,542

131,958

129,366

134,523

124,879

114,699

99,446

103,286

Research and development expenses

126,200

124,500

130,700

124,900

129,876

132,258

131,055

125,951

100,301

90,300

83,285

81,819

Asset impairments

3,900

0

0

-

-

-

-

-

-

-

-

-

Gain on contingency

1,230

-

-

-

-

-

-

-

-

-

-

-

Operating Loss

-39,963

-45,422

37,386

34,573

13,479

47,111

48,465

56,169

189,138

153,864

104,231

113,800

Interest and dividend income

2,765

4,026

4,380

3,918

3,953

5,019

7,012

7,657

7,642

6,557

6,933

8,708

Interest expense

511

533

556

572

596

677

2,325

2,347

2,398

2,436

2,430

2,514

Net investment gain (loss)

11,434

-4,050

4,685

5,923

10,337

7,278

8,614

9,550

12,454

11,008

-1,297

-2,409

Other income, net

1,498

1,286

-1,208

-489

-1,465

1,175

-911

183

-694

-804

131

688

Gain on bargain purchase of a business

-

11,322

-

3,542

-

-

-

1,753

-

-

-

-

Income (Loss) Before Income Taxes

-24,777

-33,371

44,687

46,895

25,708

59,906

60,855

72,965

206,142

168,189

107,568

118,273

Income tax (expense) benefit

28,205

-14,029

20,847

11,666

7,062

15,286

15,061

25,702

67,565

54,200

33,347

39,692

Net Income (Loss)

-52,982

-19,342

23,840

35,229

18,646

44,620

45,794

47,263

138,577

113,989

74,221

78,581

Weighted average shares outstanding – basic

47,836

47,880

48,153

48,724

51,145

55,120

59,001

63,259

64,145

62,490

62,459

63,549

Weighted average shares outstanding – diluted

47,836

47,880

48,699

48,949

51,267

55,482

59,424

63,774

65,416

63,879

63,356

64,408

Earnings (loss) per common share – basic

-1.11

-0.40

0.50

0.72

0.36

0.81

0.78

0.75

2.16

1.82

1.19

1.24

Earnings (loss) per common share – diluted

-1.11

-0.40

0.49

0.72

0.36

0.80

0.77

0.74

2.12

1.78

1.17

1.22

Network Solutions [Member]
Total Sales

455,226

458,232

540,396

525,502

527,422

559,532

-

-

-

-

-

-

Total Cost of Sales

263,677

278,929

279,563

270,705

293,843

288,015

-

-

-

-

-

-

Gross Profit

191,549

179,303

260,833

-

-

-

-

-

-

-

-

-

Services & Support [Member]
Total Sales

74,835

71,045

126,504

111,279

72,642

70,475

-

-

-

-

-

-

Total Cost of Sales

47,217

46,783

83,702

74,746

39,324

30,665

-

-

-

-

-

-

Gross Profit

27,618

24,262

42,802

-

-

-

-

-

-

-

-

-