ADTRAN was founded in 1985 and is headquartered in Huntsville, US

ADTRAN has an office in Huntsville

Huntsville, US (HQ)

901 Explorer Blvd Nw

ADTRAN's revenue was reported to be $170.3 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 170.3 m |

## Gross profit (Q1, 2017) | 73.7 m |

## Gross profit margin (Q1, 2017), % | 43% |

## Net income (Q1, 2017) | 6.7 m |

## EBIT (Q1, 2017) | 7 m |

## Market capitalization (25-Jul-2017) | 1.2 b |

## Cash (31-Mar-2017) | 72.6 m |

ADTRAN's current market capitalization is $1.2 b.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 641.7 m | 630 m | 600.1 m | 636.8 m |

## Revenue growth, % | (2%) | (5%) | 6% | |

## Cost of goods sold | 333.2 m | 345.4 m | ||

## Gross profit | 266.9 m | 291.3 m | ||

## Gross profit Margin, % | 44% | 46% | ||

## R&D expense | 124.8 m | |||

## General and administrative expense | 131.8 m | |||

## Operating expense total | 256.6 m | |||

## EBIT | 48.5 m | 47.1 m | 13.5 m | 34.7 m |

## EBIT margin, % | 8% | 7% | 2% | 5% |

## Interest expense | 596 k | 572 k | ||

## Pre tax profit | 25.7 m | 46.9 m | ||

## Income tax expense | (7.1 m) | (11.7 m) | ||

## Net Income | 45.8 m | 44.6 m | 18.6 m | 35.2 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 160.1 m | 158.1 m | 142.2 m | 162.7 m | 168.9 m | 170.3 m | |||

## Cost of goods sold | 91.9 m | 87.4 m | 76.4 m | 83.7 m | 93.1 m | 96.6 m | |||

## Gross profit | 68.2 m | 70.6 m | 65.8 m | 79 m | 75.8 m | 73.7 m | |||

## Gross profit Margin, % | 43% | 45% | 46% | 49% | 45% | 43% | |||

## R&D expense | 35.5 m | 32.6 m | 29.5 m | 31.3 m | 32 m | 31.9 m | |||

## General and administrative expense | 32.1 m | 30 m | 30.8 m | 32.9 m | 33.7 m | 34.8 m | |||

## Operating expense total | 67.6 m | 62.6 m | 60.3 m | 64.1 m | 65.7 m | 66.7 m | |||

## EBIT | 644 k | 8.1 m | 5.5 m | 14.8 m | 10.1 m | 7 m | |||

## EBIT margin, % | 0% | 5% | 4% | 9% | 6% | 4% | |||

## Interest expense | (149 k) | (151 k) | (145 k) | (142 k) | (143 k) | (141 k) | |||

## Pre tax profit | 4.1 m | 10.9 m | 8.1 m | 16.5 m | 15.5 m | 8.3 m | |||

## Income tax expense | (1.6 m) | (3.8 m) | (3.1 m) | (6.2 m) | (3.1 m) | (1.7 m) | |||

## Net Income | 24 m | 35.3 m | 3.3 m | 5.9 m | 12.9 m | 5 m | 15.2 m | 27.7 m | 6.7 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 58.3 m | 73.4 m | 84.6 m | 79.9 m |

## Accounts Receivable | 18.2 m | 35.6 m | 19.3 m | 15.1 m |

## Inventories | 10.1 m | 105.1 m | ||

## Current Assets | 379.6 m | 351.1 m | 330.8 m | 352.9 m |

## PP&E | 76.7 m | 74.8 m | 73.2 m | 84.5 m |

## Goodwill | 3.5 m | 3.5 m | 3.5 m | 3.5 m |

## Total Assets | 789.9 m | 738.7 m | 632.9 m | 667.2 m |

## Accounts Payable | 48.3 m | 56.4 m | 48.7 m | 77.3 m |

## Total Debt | 26.8 m | |||

## Current Liabilities | 102.3 m | 119 m | 92.6 m | 126.5 m |

## Total Liabilities | 187.7 m | |||

## Common Stock | 797 k | |||

## Additional Paid-in Capital | 233.5 m | 241.8 m | 246.9 m | 253 m |

## Retained Earnings | 884.5 m | 907.8 m | 906.8 m | 921.9 m |

## Total Equity | 604.6 m | 549 m | 480.2 m | 479.5 m |

## Debt to Equity Ratio | 0.1 x | |||

## Debt to Assets Ratio | 0 x | |||

## Financial Leverage | 1.3 x | 1.3 x | 1.3 x | 1.4 x |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Cash | 87.2 m | 83.7 m | 91.6 m | 70.9 m | 66.3 m | 72.6 m |

## Accounts Receivable | 31.4 m | 20.9 m | 9.2 m | 11.7 m | 12.2 m | 13.4 m |

## Inventories | 100 m | 100.7 m | 92.1 m | 86.9 m | 96 m | 112.8 m |

## Current Assets | 384.8 m | 357 m | 320.8 m | 344.2 m | 364.8 m | 354.4 m |

## PP&E | 73.3 m | 73.7 m | 73.5 m | 74.1 m | 78.1 m | 83.5 m |

## Goodwill | 3.5 m | 3.5 m | 3.5 m | 3.5 m | 3.5 m | 3.5 m |

## Total Assets | 709 m | 671.9 m | 621.5 m | 636.6 m | 655.6 m | 667.2 m |

## Accounts Payable | 85.5 m | 69.4 m | 42.6 m | 59.2 m | 67.4 m | 74.3 m |

## Current Liabilities | 144.1 m | 127 m | 88.6 m | 103 m | 115.6 m | 121.6 m |

## Additional Paid-in Capital | 244.9 m | 246.6 m | 248.3 m | 249.9 m | 251.2 m | 255 m |

## Retained Earnings | 903.4 m | 905.9 m | 906.8 m | 912.5 m | 920.4 m | 923.1 m |

## Total Equity | 495.4 m | 477.6 m | 472.4 m | 473.7 m | 478.2 m | 482.2 m |

## Financial Leverage | 1.4 x | 1.4 x | 1.3 x | 1.3 x | 1.4 x | 1.4 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 45.8 m | 44.6 m | 18.6 m | 35.2 m |

## Depreciation and Amortization | 14.6 m | 14.8 m | 14.2 m | 14.4 m |

## Accounts Receivable | (5.5 m) | (2.8 m) | 14.9 m | (21.3 m) |

## Inventories | 10.3 m | 2 m | (6.9 m) | (10.9 m) |

## Accounts Payable | 5.2 m | 10 m | (5.8 m) | 26.7 m |

## Cash From Operating Activities | 59.8 m | 55.8 m | 18.5 m | 42 m |

## Purchases of PP&E | (8.2 m) | (11.3 m) | (11.8 m) | (21.4 m) |

## Cash From Investing Activities | 73.8 m | 76.1 m | 79.9 m | (6.5 m) |

## Long-term Borrowings | (16.5 m) | (1.1 m) | (1.1 m) | |

## Dividends Paid | (21.4 m) | (19.9 m) | (18.4 m) | (17.6 m) |

## Cash From Financing Activities | (141.9 m) | (114.1 m) | (84.7 m) | (39.8 m) |

## Interest Paid | 2.3 m | 758 k | 598 k | 575 k |

## Income Taxes Paid | 15.4 m | 9.9 m | 20.1 m | 18.7 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 24 m | 35.3 m | 3.3 m | 5.9 m | 12.9 m | 5 m | 15.2 m | 27.7 m | 6.7 m |

## Depreciation and Amortization | 7.5 m | 11.1 m | 3.7 m | 7.3 m | 10.8 m | 3.3 m | 6.7 m | 10.3 m | 4.3 m |

## Accounts Receivable | (29.9 m) | (16 m) | (4.6 m) | (2 m) | 843 k | 4.8 m | (17.2 m) | (29.4 m) | 7.2 m |

## Inventories | 841 k | 2.4 m | (7.8 m) | (14.3 m) | (14.9 m) | 163 k | 4.9 m | (683 k) | (7.4 m) |

## Accounts Payable | 14.4 m | 3.6 m | 20.1 m | 30.9 m | 13.7 m | (6.5 m) | 10.4 m | 16.4 m | (1.7 m) |

## Cash From Operating Activities | 23 m | 41 m | 13 m | 21.2 m | 23.3 m | 15.7 m | 20.6 m | 27.8 m | 9 m |

## Purchases of PP&E | (4.9 m) | (8.2 m) | (2.4 m) | (5.4 m) | (7.8 m) | (3.2 m) | (6.7 m) | (12.7 m) | (3.9 m) |

## Cash From Investing Activities | 55.2 m | 51.8 m | 11 m | 52.4 m | 68.8 m | 5.4 m | (9.6 m) | (11.7 m) | (8.9 m) |

## Long-term Borrowings | (16.5 m) | (16.5 m) | (16.5 m) | (16.5 m) | (16.5 m) | ||||

## Dividends Paid | (10.1 m) | (15.1 m) | (4.8 m) | (9.5 m) | (14 m) | (4.5 m) | (8.9 m) | (13.2 m) | (4.4 m) |

## Cash From Financing Activities | (77.9 m) | (91.3 m) | (7.6 m) | (58 m) | (78.9 m) | (15.2 m) | (24.9 m) | (35.1 m) | (8.6 m) |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 83.8 k |

## Financial Leverage | 1.4 x |

Source: 60 public H-1B filings from ADTRAN