Arris international plc (ARRS)
Balance Sheet / TTM
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Dec'14
ASSETS
Current assets:
Cash and cash equivalents

729

480

501

506

487

1,379

1,346

1,126

980

1,031

870

659

863

-

565

Short-term investments, at fair value

5

39

46

36

23

33

38

90

115

67

21

17

15

-

126

Total cash, cash equivalents and short-term investments

735

520

548

543

511

1,413

1,384

1,216

1,095

1,099

892

676

879

-

692

Accounts receivable (net of allowances for doubtful accounts of $7,442 in 2018 and $10,230 in 2017)

1,225

1,117

1,183

1,008

1,218

1,056

991

1,069

1,359

1,104

1,053

972

651

-

598

Other receivables

222

235

192

169

157

145

132

57

73

45

55

31

12

-

10

Unbilled receivables

-

-

-

26

-

-

-

-

-

-

-

-

-

-

-

Inventories (net of reserves of $63,581 in 2018 and $69,459 in 2017)

740

717

803

849

825

775

657

556

551

598

647

662

401

-

401

Prepaid income taxes

17

17

10

26

28

41

16

21

51

30

29

22

25

-

11

Prepaids

26

34

40

36

26

27

32

27

21

30

39

37

19

-

27

Current deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

113

Other current assets

144

201

196

172

145

109

119

132

127

140

136

123

120

0

55

Total current assets

3,112

2,843

2,973

2,832

2,913

3,569

3,334

3,082

3,280

3,049

2,855

2,526

2,110

0

1,910

Property, plant and equipment (net of accumulated depreciation of $391,177 in 2018 and $367,954 in 2017)

287

289

299

309

372

347

355

354

353

352

367

369

312

-

366

Goodwill

2,240

2,261

2,259

2,336

2,278

2,016

2,014

2,018

2,016

2,083

2,089

2,068

1,013

-

936

Intangible assets (net of accumulated amortization of $1,988,963 in 2018 and $1,599,573 in 2017)

1,403

1,488

1,580

1,583

1,771

1,406

1,491

1,586

1,677

1,772

1,902

2,036

810

-

943

Investments

45

71

69

69

71

73

61

65

72

80

77

72

69

-

77

Deferred income taxes

175

155

146

131

115

193

199

190

298

269

224

221

185

-

71

Other assets

62

76

72

103

101

57

54

58

59

43

21

18

21

-

35

Deferred costs for future issuance of ordinary shares (see note 4)

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

Deferred debt issuance costs (see note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

10

-

Total assets

7,327

7,186

7,401

7,366

7,624

7,664

7,510

7,354

7,758

7,651

7,539

7,313

4,523

13

4,341

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable

1,288

1,100

1,125

1,010

1,206

1,266

1,201

1,020

1,048

1,010

1,016

818

514

-

480

Accrued compensation, benefits and related taxes

141

146

140

113

155

102

81

73

139

123

97

97

111

-

145

Accrued warranty

36

40

38

42

44

45

44

46

49

56

66

58

27

-

42

Deferred revenue

111

115

123

143

115

118

130

145

132

160

147

144

137

-

92

Current portion of long-term debt and financing lease obligation

83

83

83

83

83

89

89

82

82

82

94

94

43

-

67

Income taxes payable

2

4

2

4

6

4

9

20

23

1

2

65

8

-

10

Other accrued liabilities

302

356

361

316

321

327

303

300

357

317

262

248

169

-

165

Total current liabilities

1,967

1,848

1,875

1,714

1,933

1,952

1,860

1,688

1,834

1,753

1,687

1,527

1,012

0

1,003

Long-term debt and financing lease obligation, net of current portion

2,032

2,053

2,074

2,095

2,116

2,112

2,134

2,159

2,180

2,200

2,221

2,242

1,496

-

1,448

Accrued pension

25

32

31

43

42

54

55

54

52

51

55

55

64

-

64

Noncurrent deferred revenue

58

58

58

56

54

-

-

-

-

-

-

-

-

-

-

Noncurrent income taxes

119

112

120

159

144

115

114

120

123

109

84

68

42

-

41

Deferred income taxes

46

60

62

68

68

83

83

89

223

337

348

385

0

-

0

Other noncurrent liabilities

71

67

68

71

80

118

120

112

117

138

138

126

66

-

91

Total liabilities

4,322

4,233

4,292

4,209

4,440

4,437

4,368

4,225

4,531

4,591

4,536

4,406

2,682

0

2,650

Stockholders' equity:
Preferred stock, par value $1.00 per share, 5.0 million shares authorized; none issued and outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Ordinary shares, nominal value £0.01 per share, 174.0 million and 185.2 million shares issued and outstanding in 2018 and 2017, respectively

2

2

-

-

2

2

2

2

-

-

-

-

-

0

1

Redeemable shares (see note 4)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Capital in excess of par value

3,468

3,439

3,424

3,392

3,387

3,367

3,356

3,322

3,314

3,259

3,227

3,204

1,777

13

1,739

Treasury stock at cost, 35.1 million shares in 2015

-

-

-

-

-

-

-

-

-

-

-

-

331

-

306

Accumulated deficit

-466

-494

-329

-266

-225

-188

-256

-243

-132

-220

-240

-324

358

-0

266

Accumulated other comprehensive (loss) income

-13

-8

-4

12

4

8

2

10

3

-21

-28

-20

-12

-

-11

Total ARRIS International plc stockholders' equity

2,991

2,938

3,093

3,141

3,168

3,191

3,104

3,093

3,188

3,020

2,961

2,862

1,793

13

1,690

Stockholders' equity attributable to noncontrolling interest

14

14

16

15

15

36

37

35

37

40

42

44

47

-

-

Total stockholders' equity

3,005

2,953

3,109

3,157

3,184

3,227

3,142

3,129

3,226

3,060

3,003

2,906

1,840

-

1,690

Total liabilities and stockholders' equity

7,327

7,186

7,401

7,366

7,624

7,664

7,510

7,354

7,758

7,651

7,539

7,313

4,523

13

4,341