ADTRAN, Inc. ADTN Income Statement

Adtran, inc. (ADTN)

Income statement / TTM

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
500,793	530,061	554,362	580,605	552,262	529,277	516,025	560,802	617,427	666,900	703,050	686,828	664,856	636,781	612,808	601,996	599,433	600,064	605,033	609,847	625,838	630,007	645,119	659,631	645,735	641,744	622,406	607,127	628,892	620,614	656,144	686,213	686,442	717,229	707,272	678,035	644,169	605,674	568,407	526,978	0	0	0
Cost of Sales
Total Cost of Sales
290,638	310,894	327,016	341,142	327,818	325,712	309,039	325,773	347,768	363,265	387,451	381,912	365,611	345,451	329,812	324,159	332,305	333,167	332,092	329,298	326,738	318,680	325,411	335,633	328,736	332,858	323,001	310,297	316,659	303,971	307,664	308,229	296,832	302,911	295,267	278,207	261,839	246,811	231,994	216,174	0	0	0
Gross Profit
210,155	219,167	227,346	239,463	224,444	203,565	206,986	235,029	269,659	303,635	315,599	304,916	299,245	291,330	282,996	277,837	267,128	266,897	272,941	280,549	299,100	311,327	319,708	323,998	316,999	308,886	299,405	296,830	312,233	316,643	348,480	377,984	389,610	414,318	412,005	399,828	382,330	358,863	336,413	310,804	0	0	0
Selling, general and administrative expenses
121,776	130,288	127,742	127,580	126,041	124,440	127,773	131,699	134,325	135,583	138,652	137,692	135,852	131,848	127,706	124,006	123,263	123,542	124,996	127,418	129,083	131,958	133,449	133,805	132,702	129,366	127,475	128,795	132,015	134,523	136,084	133,445	128,438	124,879	121,513	119,490	117,047	114,699	110,112	105,545	0	0	0
Research and development expenses
124,412	126,200	126,591	124,633	123,298	124,500	125,039	128,750	131,578	130,700	131,289	129,663	127,383	124,900	122,027	122,626	126,828	129,876	133,287	134,050	132,241	132,258	132,488	131,707	131,097	131,055	131,230	134,269	133,667	125,951	117,986	109,298	101,459	100,301	97,612	93,520	91,158	90,300	88,335	86,203	0	0	0
Asset impairments
0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on contingency
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Loss
-38,740	-39,963	-29,676	-11,567	-24,942	-45,422	-45,792	-25,386	3,790	37,386	45,649	37,552	36,001	34,573	33,263	31,205	17,037	13,479	14,658	19,081	37,776	47,111	53,771	58,486	53,200	48,465	40,700	33,766	46,551	56,169	94,410	135,241	159,713	189,138	192,880	186,818	174,125	153,864	137,966	119,056	0	0	0
Interest and dividend income
2,530	2,765	3,315	3,530	3,751	4,026	4,127	4,254	4,313	4,380	4,083	4,041	3,996	3,918	3,965	3,894	3,875	3,953	4,359	4,512	4,658	5,019	5,331	5,918	6,538	7,012	7,027	7,312	7,564	7,657	7,464	7,637	7,714	7,642	7,583	7,168	6,819	6,557	6,601	6,816	0	0	0
Interest expense
385	511	517	523	528	533	537	542	547	556	559	563	568	572	578	586	593	596	600	599	598	677	1,113	1,544	1,971	2,325	2,328	2,334	2,340	2,347	2,359	2,371	2,384	2,398	2,403	2,434	2,435	2,436	2,441	2,420	0	0	0
Net investment gain (loss)
-5,369	11,434	-1,255	3,468	1,973	-4,050	7,216	3,718	4,118	4,685	4,638	4,945	4,665	5,923	6,061	6,805	8,950	10,337	8,489	9,116	8,201	7,278	8,884	7,948	7,161	8,614	9,146	9,925	10,728	9,550	10,686	11,138	12,154	12,454	12,074	12,491	11,583	11,008	8,815	6,411	0	0	0
Other income, net
1,772	1,498	3,625	2,210	2,198	1,286	146	-897	-1,399	-1,208	-1,538	-942	-474	-489	-995	-697	-993	-1,465	1,942	927	700	1,175	-1,005	-20	883	-911	-1,603	-1,993	-1,630	183	-32	181	-428	-694	-560	-671	-742	-804	-534	-168	0	0	0
Gain on bargain purchase of a business
-	-	-	-	-	11,322	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) Before Income Taxes
-40,192	-24,777	-24,508	-2,882	-17,548	-33,371	-23,518	-7,531	21,597	44,687	52,265	48,575	47,162	46,895	45,266	40,621	28,276	25,708	28,848	33,037	50,737	59,906	65,868	70,788	65,811	60,855	52,942	46,676	62,626	72,965	111,922	153,579	176,769	206,142	209,574	203,372	189,350	168,189	150,407	129,695	0	0	0
Income tax (expense) benefit
23,529	28,205	25,297	-6,789	-9,790	-14,029	-1,513	6,165	15,222	20,847	9,743	9,536	10,296	11,666	11,891	12,594	7,933	7,062	6,628	6,558	12,407	15,286	18,700	18,741	18,300	15,061	15,027	15,694	20,433	25,702	37,457	52,173	59,490	67,565	66,200	64,127	59,297	54,200	50,795	43,328	0	0	0
Net Income (Loss)
-63,721	-52,982	-49,805	3,907	-7,758	-19,342	-22,005	-13,696	6,375	23,840	42,522	39,039	36,866	35,229	33,375	28,027	20,343	18,646	22,220	26,479	38,330	44,620	47,168	52,047	47,511	45,794	37,915	30,982	42,193	47,263	74,465	101,406	117,279	138,577	143,374	139,245	130,053	113,989	99,612	86,367	0	0	0
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
426,776	455,226	475,880	502,905	478,801	458,232	437,148	461,572	502,052	540,396	571,400	562,210	545,216	525,502	514,408	516,251	521,800	527,422	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cost of Sales
244,569	263,677	278,098	291,597	281,051	278,929	257,886	261,477	271,511	279,563	297,661	295,115	283,296	270,705	265,009	269,990	286,356	293,843	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit
182,207	191,549	202,754	210,614	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Services & Support [Member]
Total Sales
74,017	74,835	78,482	77,700	73,461	71,045	78,877	99,230	115,375	126,504	131,650	124,618	119,640	111,279	98,400	85,745	77,633	72,642	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cost of Sales
46,069	47,217	48,918	49,545	46,767	46,783	51,153	64,296	76,257	83,702	89,790	86,797	82,315	74,746	64,803	54,169	45,949	39,324	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit
27,948	27,618	27,652	23,457	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-