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ADTRAN INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Sales--------------641.74620.61717.23
Sales-Products------540.40525.50527.42559.53------
Sales-Services------126.50111.2872.6470.48------
Sales - Network Solutions438.02455.23458.23--------------
Sales - Services & Support68.5074.8471.05--------------
Total Revenues506.51530.06529.28666.90636.78600.06630.01641.74620.61717.23
Cost of sales--------------332.86303.97302.91
Cost of sales-products------279.56270.71293.84288.02------
Cost of sales-services------83.7074.7539.3230.67------
Cost of Sales - Network Solutions244.23263.68278.93--------------
Cost of Sales - Services & Support44.7347.2246.78--------------
Gross Profit217.55219.17203.57303.64291.33266.90311.33308.89316.64414.32
Research and development expenses113.29126.20124.55130.67124.91129.88132.26131.06125.95100.30
Selling, general and administrative expenses113.97130.29124.44135.58131.85123.54131.96129.37134.52124.88
Asset impairments(0.07)(3.87)0.00--------------
Gain on contingency--1.23----------------
Operating Income (loss)(9.77)(39.96)(45.42)37.3934.5713.4847.1148.4756.17189.14
Interest expense0.010.510.530.560.570.600.682.332.352.40
Net realized investment gains4.8511.43(4.05)4.695.9210.347.288.619.5512.45
Gain on bargain purchase of a business----11.32--3.54------1.75--
Interest and dividend income1.942.774.034.383.923.955.027.017.667.64
Other income (loss) net(3.25)1.501.29(1.21)(0.49)(1.47)1.18(0.91)0.18(0.69)
Life insurance proceeds--------------------
Income before provision for income taxes(6.25)(24.78)(33.37)44.6946.9025.7159.9160.8672.97206.14
Current: Federal(10.57)(0.52)(8.00)0.4712.737.507.6315.6426.2359.38
Current: State(0.33)(1.07)(0.48)(0.15)1.140.280.602.043.777.18
Provision for income taxes(8.62)28.21(14.03)20.8511.677.0615.2915.0625.7067.57
Deferred: Federal--24.80(14.45)8.020.65(0.59)(1.08)(3.61)(3.40)0.53
Deferred: State--5.82(3.39)1.880.07(0.07)(0.12)(0.41)(0.39)0.06
Deferred: International(1.36)(0.55)0.584.17(3.41)(0.04)(4.32)(0.04)0.00(0.01)
Current: International3.64(0.28)11.716.460.48(0.03)12.591.44(0.50)0.43
Deferred tax provision (benefit)--------------------
Net Income (loss) Available to Common Shareholders2.38(52.98)(19.34)23.8435.2318.6544.6245.7947.26138.58
Net Earnings Per Share (Basic)0.05(1.11)(0.40)0.500.720.360.810.780.752.16
Net Earnings Per Share (Diluted)0.05(1.11)(0.40)0.490.720.360.800.770.742.12
Weighted Average Shares Outstanding (Basic)48.0047.8447.8848.1548.7251.1555.1259.0063.2664.15
Weighted Average Shares Outstanding (Diluted)48.2947.8447.8848.7048.9551.2755.4859.4263.7765.42