AVIAT NETWORKS INC
For the period ended Sep 27, 2024. Filed Nov 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2024 · Filed Nov 5, 2024
AVNW$15.86-17.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| (In thousands, except share and par value amounts) | September 27,2024 | June 28,2024 |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $51,034 | $64,622 |
| Accounts receivable, net of allowances of $2,190 and $1,854 | 169,002 | 158,013 |
| Unbilled receivables | 94,725 | 90,525 |
| Inventories | 79,559 | 62,267 |
| Assets held for sale | — | 2,720 |
| Other current assets | 32,942 | 27,076 |
| Total current assets | 427,262 | 405,223 |
| Property, plant and equipment, net | 11,883 | 9,480 |
| Goodwill | 15,153 | 8,217 |
| Intangible assets, net | 28,754 | 13,644 |
| Deferred income taxes | 91,317 | 83,112 |
| Right-of-use assets | 3,665 | 3,710 |
| Other assets | 12,823 | 11,837 |
| Total assets | $590,857 | $535,223 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $104,926 | $92,854 |
| Accrued expenses | 39,137 | 42,148 |
| Operating lease liabilities | 1,125 | 1,006 |
| Advance payments and unearned revenue | 79,380 | 58,839 |
| Other current liabilities | 21,234 | 21,614 |
| Current portion of long-term debt | 2,395 | 2,396 |
| Total current liabilities | 248,197 | 218,857 |
| Long-term debt | 80,980 | 45,954 |
| Unearned revenue | 7,522 | 7,413 |
| Long-term operating lease liabilities | 2,782 | 2,823 |
| Other long-term liabilities | 407 | 394 |
| Reserve for uncertain tax positions | 3,445 | 3,485 |
| Deferred income taxes | 412 | 412 |
| Total liabilities | 343,745 | 279,338 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value, 50.0 million shares authorized, none issued | — | — |
| Common stock, $0.01 par value, 300.0 million shares authorized, 12.7 million and 12.6 million shares issued and outstanding as of September 27, 2024 and June 28, 2024, respectively. | 127 | 126 |
| Treasury stock 0.2 million and 0.2 million shares as of September 27, 2024 and June 28, 2024, respectively | (6,479) | (6,479) |
| Additional paid-in-capital | 861,023 | 860,071 |
| Accumulated deficit | (590,392) | (578,513) |
| Accumulated other comprehensive loss | (17,167) | (19,320) |
| Total stockholders’ equity | 247,112 | 255,885 |
| Total liabilities and stockholders’ equity | $590,857 | $535,223 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.