Aerovironment, inc. (AVAV)
Balance Sheet / TTM
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11
Assets
Current assets:
Cash and cash equivalents

131,496

130,742

137,094

172,708

149,369

151,255

170,788

143,517

112,304

117,109

117,473

79,904

73,278

88,876

122,313

124,287

122,706

128,032

146,450

143,410

125,977

126,339

148,052

126,969

92,749

66,126

64,339

75,332

63,975

70,770

53,210

64,220

65,865

98,589

81,247

62,041

Short-term investments

148,502

161,635

163,634

150,487

144,815

138,536

118,303

113,649

109,543

110,751

107,831

119,971

121,095

118,208

101,802

103,404

97,692

77,967

71,018

85,381

77,581

81,120

76,840

70,639

74,830

77,677

64,474

73,241

69,811

64,694

69,473

77,152

88,572

78,782

106,883

126,839

Accounts receivable, net of allowance for doubtful accounts of $1,039 at January 25, 2020 and $1,041 at April 30, 2019

27,936

40,564

42,724

31,051

34,064

34,639

13,802

56,813

25,690

35,106

30,685

68,719

23,121

26,102

32,635

56,045

38,991

42,746

28,205

33,607

37,834

31,096

23,213

31,739

42,617

36,238

19,604

19,770

31,600

48,330

49,880

56,417

24,213

25,571

22,034

44,376

Unbilled receivables and retentions (inclusive of related party unbilled receivables of $28,849 at January 25, 2020 and $9,028 at April 30, 2019)

77,411

62,397

47,935

53,047

51,632

45,654

59,870

16,872

24,961

13,494

10,753

14,120

14,820

16,870

14,493

18,899

10,440

11,798

13,998

17,356

8,345

7,103

7,658

10,929

8,636

7,256

9,719

11,304

15,409

21,064

23,258

27,034

24,507

21,676

13,399

21,966

Inventories

65,156

52,769

56,336

54,056

50,379

46,096

42,244

37,425

77,327

76,039

72,017

40,908

68,806

55,168

44,105

37,486

46,434

48,336

43,921

39,414

48,799

51,804

46,441

50,699

55,441

60,629

68,663

62,561

63,597

44,747

44,505

43,539

48,447

41,435

38,299

38,137

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,247

5,050

5,062

5,265

5,217

4,996

4,747

5,038

5,499

5,400

5,189

5,166

9,785

9,508

9,336

7,886

2,810

2,596

2,460

6,778

Prepaid expenses and other current assets

6,833

8,045

7,606

7,418

6,616

5,732

5,196

5,103

5,138

5,175

5,266

5,533

5,341

4,706

4,167

4,150

4,219

4,555

3,958

4,599

4,203

4,233

3,320

4,260

3,755

4,317

3,765

4,303

4,283

4,837

3,568

4,030

2,793

2,974

2,176

2,372

Income taxes receivable

-

-

-

821

-

-

-

25,668

292

-

2,969

24,930

2,487

3,957

4,250

-

3,901

2,836

5,569

-

1,940

4,876

3,460

6,584

5,852

8,120

14,812

11,777

8,349

-

1,755

-

-

-

745

-

Total current assets

457,334

456,152

455,329

469,588

436,875

421,912

410,203

399,047

355,255

357,674

346,994

354,085

308,948

313,887

323,765

344,271

329,630

321,320

318,181

329,032

309,896

311,567

313,731

306,857

289,379

265,763

250,565

263,454

266,809

263,950

254,985

280,278

257,207

271,623

267,243

302,509

Long-term investments

26,409

13,478

4,887

9,386

27,954

30,459

36,712

40,656

38,822

33,024

35,844

42,096

43,749

42,559

33,097

33,859

38,175

37,715

44,727

46,769

54,575

49,718

39,315

50,505

45,877

51,707

67,595

68,916

60,928

64,798

56,958

58,457

36,497

22,556

6,154

6,275

Property and equipment, net

19,877

20,571

17,747

16,905

20,542

20,460

19,347

19,219

21,626

21,614

20,317

15,962

18,410

17,445

16,910

16,762

14,313

13,579

13,023

13,499

16,143

16,889

17,897

19,997

24,492

26,039

26,725

24,429

21,714

22,137

23,131

23,515

20,936

18,841

18,134

17,498

Operating lease right-of-use assets

9,472

8,902

9,917

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

8,296

8,019

7,699

6,685

12,708

12,108

11,800

11,494

14,837

16,113

15,646

15,089

15,779

15,409

15,104

15,016

6,720

6,725

6,671

7,426

4,638

7,118

6,689

6,721

5,548

5,587

5,638

3,745

5,180

5,191

5,184

6,700

9,704

9,733

9,760

5,284

Intangibles, net

14,357

15,952

16,727

459

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

6,340

8,080

8,080

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

16,995

13,339

14,196

5,821

884

1,628

2,299

3,002

2,305

838

1,938

2,010

570

598

658

750

653

690

672

741

1,219

837

971

874

1,585

1,720

1,036

1,060

4,159

230

230

201

201

186

181

181

Long-term assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

3,258

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

559,080

544,493

534,582

508,844

498,963

486,567

480,361

473,418

432,845

429,263

420,739

432,500

387,456

389,898

389,534

410,658

389,491

380,029

383,274

397,467

386,471

386,129

378,603

384,954

366,881

350,816

351,559

361,604

358,790

356,306

340,488

369,151

324,545

322,939

301,472

331,747

Liabilities and stockholders' equity
Current liabilities:
Accounts payable

14,269

11,022

11,450

15,972

11,629

14,149

12,939

21,340

13,249

15,724

13,966

15,896

13,792

18,662

10,529

17,712

9,786

11,590

12,944

19,243

16,215

18,988

13,125

13,906

15,135

11,774

13,545

16,144

15,777

15,430

13,085

20,213

13,375

19,617

12,549

31,134

Wages and related accruals

17,636

13,218

12,085

18,507

14,363

11,071

10,624

16,851

15,090

10,415

10,608

10,947

10,967

10,021

9,934

13,973

13,463

10,503

10,438

13,395

12,968

9,889

9,282

14,083

10,718

11,669

9,109

12,116

9,652

13,405

10,162

19,076

13,726

12,831

9,024

15,458

Customer advances

10,633

2,550

3,268

2,962

2,875

2,449

1,627

3,564

3,555

3,921

4,593

2,057

5,456

3,720

2,416

2,544

3,213

3,835

4,259

4,235

4,213

4,655

4,781

2,984

3,642

3,605

7,005

7,519

5,915

4,079

5,038

5,124

-

-

-

1,648

Current operating lease liabilities

2,083

2,290

2,771

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

2,809

2,570

1,367

-

4,857

4,851

8,898

4,085

-

350

-

1,418

-

-

-

943

-

-

-

692

-

-

-

-

-

-

-

-

-

1,485

-

8,788

1,927

2,372

-

7,404

Other current liabilities

13,046

13,141

12,167

7,425

8,062

6,971

6,664

6,954

8,651

7,441

8,530

8,444

7,753

6,997

12,708

11,173

6,408

5,669

8,757

9,170

10,264

9,709

5,861

6,762

6,486

6,261

7,194

6,408

6,877

6,129

7,391

9,898

9,114

8,343

7,535

5,736

Current liabilities of discontinued operations

-

-

-

-

-

-

-

9,294

-

-

-

9,301

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability for uncertain tax positions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

606

606

606

-

724

724

724

724

Total current liabilities

60,476

44,791

43,108

44,866

41,786

39,491

40,752

62,088

40,545

37,851

37,697

48,063

37,968

39,400

35,587

46,345

32,870

31,597

36,398

46,735

43,660

43,241

33,049

37,735

35,981

33,309

36,853

42,187

38,827

41,134

36,282

63,099

38,866

43,887

29,832

62,104

Wages and related accruals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,203

1,124

981

1,056

762

Deferred rent

7,556

6,843

7,597

1,173

1,352

1,478

1,476

1,536

1,589

1,637

1,673

1,719

1,769

1,820

1,864

1,714

1,223

1,266

1,330

1,381

1,336

1,231

1,286

1,239

1,031

614

696

771

842

909

976

1,019

1,081

1,185

1,245

1,275

Capital lease obligations - net of current portion

-

-

-

-

-

-

-

-

7

50

104

161

218

276

357

449

388

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current liabilities

250

2,422

2,298

150

160

1,306

958

622

184

184

184

184

193

193

184

184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

29

29

29

29

67

67

67

67

67

67

79

116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability for uncertain tax positions

51

51

51

51

49

49

49

49

64

64

64

64

62

62

62

441

439

439

439

439

645

3,513

3,513

3,513

5,211

5,211

5,211

3,460

4,026

4,026

4,026

4,632

3,656

4,138

4,138

4,138

Commitments and contingencies

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' equity:
Authorized shares-10,000,000; none issued or outstanding at January 25, 2020 and April 30, 2019

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Issued and outstanding shares-23,995,109 shares at January 25, 2020 and 23,946,293 shares at April 30, 2019

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

Additional paid-in capital

180,051

178,550

177,207

176,216

174,891

171,867

170,789

170,139

168,735

166,993

165,359

162,150

157,960

156,667

155,853

154,274

152,942

151,269

150,337

148,293

147,374

146,431

145,497

143,648

134,251

132,549

131,398

130,527

129,588

128,614

126,309

124,954

123,371

122,089

121,170

119,765

Accumulated other comprehensive loss

69

181

171

2

4

5

16

-21

-25

-98

-125

-127

-169

-158

-183

-201

-194

-201

-226

-1,358

-1,441

-859

-215

-263

-618

-676

-753

-705

-652

-667

-657

-694

-697

-741

-782

-784

Retained earnings

310,619

311,627

304,126

286,351

280,669

272,300

266,243

238,913

221,676

222,504

215,486

219,929

189,453

191,636

195,808

207,450

201,821

195,657

194,994

201,975

194,895

192,570

195,471

199,080

191,023

179,807

178,152

185,362

186,157

182,288

173,550

174,936

157,142

151,398

144,811

144,485

Total AeroVironment stockholders' equity

490,741

490,360

481,506

462,571

455,566

444,174

437,050

409,033

390,388

389,401

380,722

381,954

347,246

348,147

351,480

361,525

354,571

346,727

345,107

348,912

340,830

338,144

340,755

342,467

324,658

311,682

308,799

315,186

315,095

310,237

299,204

299,198

279,818

272,748

-

263,468

Noncontrolling interest

-23

-3

-7

4

-17

2

9

23

1

9

216

239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

490,718

490,357

481,499

462,575

455,549

444,176

437,059

409,056

390,389

389,410

380,938

382,193

-

-

-

361,525

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

265,201

-

Total liabilities and stockholders' equity

559,080

544,493

534,582

508,844

498,963

486,567

480,361

473,418

432,845

429,263

420,739

432,500

387,456

389,898

389,534

410,658

389,491

380,029

383,274

397,467

386,471

386,129

378,603

384,954

366,881

350,816

351,559

361,604

358,790

356,306

340,488

369,151

324,545

322,939

301,472

331,747