Comtech telecommunications corp /de/ (CMTL)
Balance Sheet / TTM
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10
Assets
Current assets:
Cash and Cash Equivalents, at Carrying Value

46,471

46,873

45,576

45,152

45,997

42,943

43,484

44,173

40,472

42,507

41,844

58,817

63,144

62,711

66,805

69,112

163,466

150,725

150,953

142,044

135,139

154,500

295,033

317,993

346,553

356,642

342,197

352,927

374,506

367,894

367,649

400,216

474,322

558,804

588,941

593,338

602,698

607,594

Accounts receivable, net

147,983

161,044

145,032

142,770

138,920

159,255

147,439

127,267

117,973

113,943

124,962

120,448

125,545

136,948

150,967

134,054

53,749

59,350

69,255

67,621

68,896

54,887

65,024

56,879

62,020

49,915

47,904

42,236

46,927

56,242

73,009

60,902

74,472

70,801

70,185

80,864

90,350

135,840

Inventories, net

74,064

71,810

74,839

83,034

87,395

89,569

75,076

76,554

71,707

70,191

60,603

67,337

71,168

75,659

71,354

75,324

58,424

62,893

62,068

68,252

67,472

61,332

68,316

70,095

69,032

65,482

71,101

70,156

68,648

72,361

76,664

75,207

74,700

74,661

81,428

79,947

84,898

73,562

Prepaid expenses and other current assets

21,052

15,995

14,867

18,263

13,493

13,133

13,794

13,912

14,915

15,302

13,635

19,599

18,638

17,590

14,513

19,753

5,940

5,622

7,396

9,754

11,153

9,947

8,734

11,846

5,320

7,428

10,737

11,541

5,645

8,196

10,248

8,747

6,863

7,270

7,722

7,356

8,141

8,876

Deferred tax asset, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

11,084

9,889

10,056

10,178

10,585

10,030

10,135

10,184

9,780

10,877

10,269

12,183

12,983

11,892

11,367

11,529

12,867

13,843

14,217

14,947

Total current assets

289,570

295,722

280,314

289,219

285,805

304,900

279,793

261,906

245,067

241,943

241,044

266,201

278,495

292,908

303,639

298,243

281,579

278,590

300,756

297,560

292,716

290,844

447,692

466,843

493,060

489,651

481,719

487,737

505,995

516,876

540,553

556,964

641,724

723,065

761,143

775,348

800,304

840,819

Property, plant and equipment, net

27,390

26,873

28,026

29,388

28,391

28,543

28,987

30,240

30,122

31,401

32,847

33,981

35,759

37,186

38,667

39,588

13,839

14,477

15,370

16,470

17,448

18,536

19,820

20,332

19,620

20,333

20,858

21,238

21,861

22,832

23,879

24,515

25,661

26,638

28,177

30,491

32,821

33,727

Operating Lease, Right-of-Use Asset

33,062

34,148

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease right-of-use assets, net

-

447

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

328,476

309,871

310,489

310,247

290,633

290,633

290,633

290,633

290,633

290,633

290,633

290,633

290,633

288,409

287,618

264,503

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

137,354

Intangibles with finite lives, net

264,255

256,684

261,890

267,097

232,219

236,507

240,796

246,065

251,334

256,602

261,871

267,139

272,607

278,639

284,694

293,561

17,437

18,633

20,009

21,538

23,099

26,220

27,781

29,341

30,923

32,505

34,087

35,669

37,251

38,833

40,433

42,059

43,751

45,470

47,497

49,670

51,624

48,091

Deferred tax asset, net, non-current (See Note 10)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,512

9,643

-

-

-

-

-

-

-

-

0

0

0

438

-

-

-

0

-

-

-

-

Deferred financing costs, net

2,759

2,943

3,128

3,311

3,495

3,678

2,205

2,420

2,635

2,850

3,065

2,765

2,946

3,127

3,309

3,739

759

-

0

0

0

65

139

471

736

1,093

1,450

1,806

2,135

2,487

2,947

3,326

3,706

3,823

4,169

4,515

4,859

4,675

Other assets, net

4,430

4,334

3,864

4,225

2,784

2,679

2,743

2,808

2,860

2,803

2,603

3,039

3,068

3,183

3,269

3,694

690

345

388

873

870

833

819

873

882

879

894

943

998

958

1,194

1,182

1,177

1,159

1,194

1,185

1,891

1,896

Assets

949,942

931,022

887,711

903,487

843,327

866,940

845,157

834,072

822,651

826,232

832,063

863,758

883,508

903,452

921,196

903,328

462,170

459,042

473,877

473,795

471,487

473,852

633,605

655,214

682,575

681,815

676,362

684,747

705,594

719,778

746,360

765,400

853,373

937,509

979,534

998,563

1,028,853

1,066,562

Liabilities and Stockholders’ Equity
Current liabilities:
Convertible senior notes, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

191,499

200,000

200,000

200,000

-

-

-

0

-

-

-

-

-

-

-

-

Accounts payable

27,250

29,380

24,330

37,225

30,057

35,340

43,928

30,125

27,662

30,512

29,402

27,226

24,807

29,893

33,462

24,086

18,270

12,691

15,708

15,020

17,896

18,902

16,346

18,600

17,111

18,390

12,149

14,068

14,210

20,967

18,363

18,668

18,631

23,501

17,828

23,391

28,392

77,844

Accrued expenses and other current liabilities

84,511

72,807

78,584

79,744

60,343

68,809

65,034

66,258

60,585

63,103

68,610

73,844

88,795

96,680

98,034

75,137

30,579

26,034

29,470

27,075

27,559

29,803

29,357

25,926

26,183

29,892

30,641

30,818

33,088

40,870

38,505

36,427

43,573

49,858

43,076

41,784

38,879

53,398

Operating lease liabilities, current

9,259

9,248

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease and other obligations, current

464

567

757

1,030

1,284

1,579

1,836

2,540

1,858

2,064

2,309

2,689

3,064

3,366

3,592

3,770

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

2,432

2,428

2,406

2,405

2,382

2,381

2,356

2,354

2,351

2,351

2,343

2,342

2,343

7,013

7,005

4,851

4,848

4,844

4,839

4,835

4,869

4,844

4,513

4,731

4,529

4,531

4,544

0

4,784

4,773

5,071

5,352

6,102

6,100

6,521

6,699

6,915

0

Contract liabilities

38,929

36,989

38,682

40,759

35,027

34,460

34,452

33,485

24,848

22,668

25,771

31,326

23,714

27,494

29,665

29,779

6,268

10,237

14,320

17,826

8,597

12,610

18,041

15,337

19,636

14,749

13,432

10,530

11,930

14,516

17,151

8,048

8,937

11,011

16,416

18,889

19,042

12,780

Long-term Debt, Current Maturities

-

-

-

0

0

0

17,211

17,211

17,211

16,135

15,494

14,387

13,281

12,174

11,067

14,062

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest payable

325

447

588

515

640

26

499

532

83

69

282

95

850

1,244

1,321

111

-

-

0

0

0

29

2,902

1,529

3,029

1,529

3,029

1,529

3,029

1,529

3,044

1,553

3,031

1,531

3,031

1,531

3,047

1,531

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,603

-

-

-

-

8

-

1,674

-

-

-

13

-

0

0

4,422

4,056

3,397

5,521

16,981

8,666

Total current liabilities

163,170

151,866

145,347

161,678

129,733

142,595

165,316

152,505

134,598

136,902

144,211

151,909

156,854

177,864

184,146

151,796

59,965

55,409

64,337

64,756

58,921

66,188

262,666

266,123

272,162

269,091

63,795

56,945

67,054

82,655

82,134

70,048

84,696

96,057

90,269

97,815

113,256

154,219

Non-current portion of long-term debt

158,000

169,000

165,000

173,500

174,500

193,400

148,087

161,856

174,225

175,193

176,228

211,509

229,834

237,952

239,969

328,486

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, non-current

26,431

27,725

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current portion of capital lease and other obligations

-

-

-

435

490

586

765

993

885

1,293

1,771

2,185

2,696

3,304

4,021

4,880

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

2,874

2,298

325

54

414

407

2,572

2,592

2,558

2,550

2,515

2,502

3,012

2,928

2,992

3,262

1,469

1,345

1,573

1,778

1,980

2,743

2,886

3,162

3,068

2,963

3,266

3,074

2,725

2,624

3,297

3,235

3,096

3,811

4,914

4,729

4,261

5,220

Deferred tax liability, net

18,758

13,768

12,481

12,117

13,521

13,200

10,927

6,069

6,088

20,024

17,306

14,784

12,479

10,083

9,798

24,193

0

0

2,925

3,347

4,069

3,632

1,148

1,823

2,614

1,741

1,184

2,240

1,598

0

1,041

1,697

2,484

2,101

4,047

3,464

3,446

2,973

Long-term contract liabilities

12,458

11,457

10,654

10,037

8,336

6,813

7,689

7,761

8,385

8,695

7,227

8,064

8,726

6,244

5,764

6,137

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible senior notes, non-current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200,000

200,000

200,000

200,000

200,000

200,000

200,000

200,000

200,000

200,000

200,000

200,000

Other liabilities

17,048

17,264

18,822

20,717

3,456

3,843

4,117

4,512

5,291

5,556

2,655

3,150

3,448

3,789

4,105

4,776

2,864

3,178

3,633

3,916

4,181

4,364

4,256

4,161

4,064

3,958

3,883

3,811

3,741

5,098

5,581

6,306

6,335

6,360

6,389

6,307

6,361

2,518

Liabilities

398,739

393,378

352,629

378,538

330,450

360,844

339,473

336,288

332,030

350,213

351,913

394,103

417,049

442,164

450,795

523,530

64,298

59,932

72,468

73,797

69,151

76,927

270,956

275,269

281,908

277,753

272,128

266,070

275,118

290,377

292,053

281,286

296,611

308,329

305,619

312,315

327,324

364,930

Commitments and contingencies (See Note 19)

-

-

-

-

-

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:
Preferred stock, par value $0.10 per share; shares authorized and unissued 2,000,000

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

0

0

0

0

0

0

0

0

Common stock, par value $0.10 per share; authorized 100,000,000 shares; issued 39,752,559 shares and 39,276,161 shares at January 31, 2020 and July 31, 2019, respectively

3,975

3,940

3,928

3,917

3,895

3,894

3,886

3,868

3,865

3,864

3,862

3,860

3,859

3,856

3,837

3,121

3,120

3,118

3,117

3,115

3,110

3,102

2,950

2,919

2,908

2,907

2,900

2,898

2,896

2,893

2,891

2,887

2,884

2,873

2,866

2,863

2,859

2,854

Additional paid-in capital

563,834

551,316

552,670

546,198

539,273

537,852

538,453

535,620

534,224

532,940

533,001

527,434

526,267

525,291

524,797

430,549

429,361

428,178

427,083

426,255

423,678

421,240

377,239

366,889

363,327

363,888

361,970

360,968

359,879

361,458

360,208

358,697

357,225

355,001

351,984

350,787

348,863

347,514

Retained earnings

425,243

424,237

420,333

416,683

411,558

406,199

405,194

400,145

394,381

381,064

385,136

380,210

378,182

373,990

383,616

387,977

407,240

409,663

413,058

412,477

412,408

409,443

406,713

405,375

404,148

403,398

402,773

404,465

406,878

404,227

401,072

400,077

399,608

393,109

387,321

379,587

370,190

351,449

Stockholders' equity before treasury stock

993,052

979,493

976,931

966,798

954,726

947,945

947,533

939,633

932,470

917,868

921,999

911,504

908,308

903,137

912,250

821,647

839,721

840,959

843,258

841,847

839,196

833,785

786,902

775,183

770,383

770,193

767,643

768,331

769,653

768,578

764,171

761,661

759,717

750,983

742,171

733,237

721,912

701,817

Treasury stock, at cost (15,033,317 shares at January 31, 2020 and July 31, 2019)

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

441,849

436,860

436,860

424,253

395,238

369,716

366,131

363,409

349,654

339,177

339,177

309,864

277,547

202,955

121,803

68,256

46,989

20,383

185

Total stockholders’ equity

551,203

537,644

535,082

524,949

512,877

506,096

505,684

497,784

490,621

476,019

480,150

469,655

466,459

461,288

470,401

379,798

397,872

399,110

401,409

399,998

402,336

396,925

362,649

379,945

400,667

404,062

404,234

418,677

430,476

429,401

454,307

484,114

556,762

629,180

673,915

686,248

701,529

701,632

Total liabilities and stockholders’ equity

949,942

931,022

887,711

903,487

843,327

866,940

845,157

834,072

822,651

826,232

832,063

863,758

883,508

903,452

921,196

903,328

462,170

459,042

473,877

473,795

471,487

473,852

633,605

655,214

682,575

681,815

676,362

684,747

705,594

719,778

746,360

765,400

853,373

937,509

979,534

998,563

1,028,853

1,066,562