ADTRAN, Inc. ADTN Income Statement

Adtran, inc. (ADTN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Sales
Total Sales
114,523	115,787	114,092	156,391	143,791	140,088	140,335	128,048	120,806	126,836	185,112	184,673	170,279	162,986	168,890	162,701	142,204	139,013	158,078	160,138	142,835	143,982	162,892	176,129	147,004	159,094	177,404	162,233	143,013	139,756	162,125	183,998	134,735	175,286	192,194	184,227	165,522	165,329	162,957	150,361	127,027	128,062	121,528
Cost of Sales
Total Cost of Sales
62,923	68,578	67,761	91,376	83,179	84,700	81,887	78,052	81,073	68,027	98,621	100,047	96,570	92,213	93,082	83,746	76,410	76,574	87,429	91,892	77,272	75,499	84,635	89,332	69,214	82,230	94,857	82,435	73,336	72,373	82,153	88,797	60,648	76,066	82,718	77,400	66,727	68,422	65,658	61,032	51,699	53,605	49,838
Gross Profit
51,600	47,209	46,331	65,015	60,612	55,388	58,448	49,996	39,733	58,809	86,491	84,626	73,709	70,773	75,808	78,955	65,794	62,439	70,649	68,246	65,563	68,483	78,257	86,797	77,790	76,864	82,547	79,798	69,677	67,383	79,972	95,201	74,087	99,220	109,476	106,827	98,795	96,907	97,299	89,329	75,328	74,457	71,690
Selling, general and administrative expenses
26,620	30,625	30,912	33,619	35,132	28,079	30,750	32,080	33,531	31,412	34,676	34,706	34,789	34,481	33,716	32,866	30,785	30,339	30,016	32,123	31,064	31,793	32,438	33,788	33,939	33,284	32,794	32,685	30,603	31,393	34,114	35,905	33,111	32,954	31,475	30,898	29,552	29,588	29,452	28,455	27,204	25,001	24,885
Research and development expenses
29,859	30,654	31,835	32,064	31,647	31,045	29,877	30,729	32,849	31,584	33,588	33,557	31,971	32,173	31,962	31,277	29,488	29,300	32,561	35,479	32,536	32,711	33,324	33,670	32,553	32,941	32,543	33,060	32,511	33,116	35,582	32,458	24,795	25,151	26,894	24,619	23,637	22,462	22,802	22,257	22,779	20,497	20,670
Asset impairments
65	-	3,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on contingency
-	-	-	1,230	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Loss
-4,944	-14,070	-20,288	562	-6,167	-3,783	-2,179	-12,813	-26,647	-4,153	18,227	16,363	6,949	4,110	10,130	14,812	5,521	2,800	8,072	644	1,963	3,979	12,495	19,339	11,298	10,639	17,210	14,053	6,563	2,874	10,276	26,838	16,181	41,115	51,107	51,310	45,606	44,857	45,045	38,617	25,345	28,959	26,135
Interest and dividend income
356	872	610	692	591	1,422	825	913	866	1,523	952	972	933	1,226	910	927	855	1,273	839	908	933	1,679	992	1,054	1,294	1,991	1,579	1,674	1,768	2,006	1,864	1,926	1,861	1,813	2,037	2,003	1,789	1,754	1,622	1,654	1,527	1,798	1,837
Interest expense
1	129	128	127	127	135	134	132	132	139	139	137	141	142	143	142	145	148	151	149	148	152	150	148	227	588	581	575	581	591	587	581	588	603	599	594	602	608	630	595	603	613	609
Net investment gain (loss)
-10,877	3,239	-216	2,485	5,926	-9,450	4,507	990	-97	1,816	1,009	1,390	470	1,769	1,316	1,110	1,728	1,907	2,060	3,255	3,115	59	2,687	2,340	2,192	1,665	1,751	1,553	3,645	2,197	2,530	2,356	2,467	3,333	2,982	3,372	2,767	2,953	3,399	2,464	2,192	760	995
Other income, net
1,129	-768	1,616	-205	855	1,359	201	-217	-57	219	-842	-719	134	-111	-246	-251	119	-617	52	-547	-353	2,790	-963	-774	122	610	22	129	-1,672	-82	-368	492	141	-297	-155	-117	-125	-163	-266	-188	-187	107	100
Gain on bargain purchase of a business
-	-	-	-	-	0	0	0	11,322	-	-	-	-	-	3,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,753	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) Before Income Taxes
-14,337	-10,856	-18,406	3,407	1,078	-10,587	3,220	-11,259	-14,745	-734	19,207	17,869	8,345	6,844	15,517	16,456	8,078	5,215	10,872	4,111	5,510	8,355	15,061	21,811	14,679	14,317	19,981	16,834	9,723	6,404	13,715	32,784	20,062	45,361	55,372	55,974	49,435	48,793	49,170	41,952	28,274	31,011	28,458
Income tax (expense) benefit
-4,368	768	27,717	-588	308	-2,140	-4,369	-3,589	-3,931	10,376	3,309	5,468	1,694	-728	3,102	6,228	3,064	-503	3,805	1,567	2,193	-937	3,735	7,416	5,072	2,477	3,776	6,975	1,833	2,443	4,443	11,714	7,102	14,198	19,159	19,031	15,177	12,833	17,086	14,201	10,080	9,428	9,619
Net Income (Loss)
-9,969	-11,624	-46,123	3,995	770	-8,447	7,589	-7,670	-10,814	-11,110	15,898	12,401	6,651	7,572	12,415	10,228	5,014	5,718	7,067	2,544	3,317	9,292	11,326	14,395	9,607	11,840	16,205	9,859	7,890	3,961	9,272	21,070	12,960	31,163	36,213	36,943	34,258	35,960	32,084	27,751	18,194	21,583	18,839
Weighted average shares outstanding – basic
47,957	47,936	47,824	47,802	47,782	47,722	47,710	47,856	48,232	48,276	47,870	48,036	48,430	48,375	48,470	48,831	49,220	49,497	49,862	51,822	53,399	53,799	54,521	55,409	56,751	57,154	57,947	59,056	61,847	62,542	63,066	63,619	63,809	63,678	64,023	64,690	64,189	63,018	62,771	62,172	61,999	62,762	62,358
Weighted average shares outstanding – diluted
47,957	47,631	47,824	48,036	47,853	47,598	47,834	47,856	48,232	48,913	48,531	48,413	48,939	48,681	48,678	49,048	49,389	49,590	49,927	51,917	53,634	54,007	54,824	55,729	57,368	57,738	58,617	59,311	62,030	62,550	63,304	64,393	64,849	64,611	64,961	66,135	65,957	64,668	64,300	63,488	63,060	63,870	63,141
Earnings (loss) per common share – basic
-0.21	-0.25	-0.96	0.08	0.02	-0.18	0.16	-0.16	-0.22	-0.23	0.33	0.26	0.14	0.15	0.26	0.21	0.10	0.11	0.14	0.05	0.06	0.17	0.21	0.26	0.17	0.20	0.28	0.17	0.13	0.07	0.15	0.33	0.20	0.49	0.57	0.57	0.53	0.57	0.51	0.45	0.29	0.34	0.30
Earnings (loss) per common share – diluted
-0.21	-0.25	-0.96	0.08	0.02	-0.18	0.16	-0.16	-0.22	-0.24	0.33	0.26	0.14	0.15	0.26	0.21	0.10	0.11	0.14	0.05	0.06	0.16	0.21	0.26	0.17	0.19	0.28	0.17	0.13	0.06	0.15	0.33	0.20	0.48	0.56	0.56	0.52	0.55	0.50	0.44	0.29	0.34	0.30
Dividend per share
-	-	-	-	-	-	-	-	0.09	-	0.09	0.09	0.09	-	0.09	0.09	0.09	-	0.09	0.09	0.09	-	0.09	0.09	0.09	-	0.09	0.09	0.09	-	0.09	0.09	0.09	-	0.09	0.09	0.09	-	0.09	0.09	0.09	0.09	0.09
Network Solutions [Member]
Total Sales
97,372	96,219	94,018	139,167	125,822	116,873	121,043	115,063	105,253	95,789	145,467	155,543	143,597	126,793	136,277	138,549	123,883	115,699	138,120	144,098	129,505	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cost of Sales
51,626	56,324	56,444	80,175	70,734	70,745	69,943	69,629	68,612	49,702	73,534	79,663	76,664	67,800	70,988	67,844	64,073	62,104	75,969	84,210	71,560	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit
45,746	39,895	37,574	58,992	55,088	-	51,100	45,434	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Services & Support [Member]
Total Sales
17,151	19,568	20,074	17,224	17,969	23,215	19,292	12,985	15,553	31,047	39,645	29,130	26,682	36,193	32,613	24,152	18,321	23,314	19,958	16,040	13,330	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cost of Sales
11,297	12,254	11,317	11,201	12,445	13,955	11,944	8,423	12,461	18,325	25,087	20,384	19,906	24,413	22,094	15,902	12,337	14,470	11,460	7,682	5,712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit
5,854	7,314	8,757	6,023	5,524	-	7,348	4,562	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-