ARRIS Revenue

ARRIS revenue was $6.74 b in FY, 2018 which is a 1.9% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

1969

Investors

ARRIS is a subsidiary of CommScope

ARRIS Revenue Breakdown

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ARRIS revenue breakdown by business segment: 69.2% from Customer Premises Equipment and 30.8% from Network & Cloud

ARRIS Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018

Revenue

6.8b6.6b6.7b

Revenue growth, %

42%(3%)2%

Cost of goods sold

5.1b4.9b4.8b

Gross profit

1.7b1.7b1.9b

Gross profit Margin, %

25%25%28%

R&D expense

584.9m539.1m644.0m

General and administrative expense

454.2m475.4m667.1m

Operating expense total

1.6b1.5b1.7b

Depreciation and amortization

397.5m375.4m383.6m

EBIT

110.7m123.0m178.9m

EBIT margin, %

2%2%3%

Interest expense

79.8m87.1m95.1m

Interest income

4.4m8.0m8.3m

Pre tax profit

24.1m21.2m82.9m

Income tax expense

15.1m(44.9m)(24.3m)

Net Income

9.0m66.1m107.3m

ARRIS Balance Sheet

Annual

usdY, 2012Y, 2013Y, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

131.7m442.4m565.8m863.6m980.1m487.6m729.9m

Accounts Receivable

651.9m1.4b1.2b1.2b

Prepaid Expenses

26.6m27.0m

Inventories

401.6m551.5m825.2m740.2m

Current Assets

2.1b3.3b2.9b3.1b

PP&E

372.5m287.7m

Goodwill

1.0b2.0b2.3b2.2b

Total Assets

4.5b7.8b7.6b7.3b

Accounts Payable

514.9m1.0b1.2b1.3b

Short-term debt

1.7b2.1b

Current Liabilities

1.0b1.8b1.9b2.0b

Long-term debt

2.1b4.1b

Total Debt

3.8b6.2b

Total Liabilities

4.5b4.4b4.3b

Common Stock

2.6m

Additional Paid-in Capital

1.8b3.3b3.4b3.5b

Retained Earnings

358.8m(132.0m)(225.9m)(466.2m)

Total Equity

1.8b3.2b3.2b3.0b

Debt to Equity Ratio

1.2 x2.1 x

Debt to Assets Ratio

0.5 x0.8 x

Financial Leverage

2.5 x2.4 x2.4 x2.4 x

ARRIS Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

84.5m9.0m66.1m107.3m

Depreciation and Amortization

303.4m495.1m470.6m474.8m

Accounts Receivable

(55.1m)(258.7m)175.9m(22.1m)

Inventories

(6.7m)282.6m(224.6m)81.8m

Accounts Payable

50.0m24.9m

Cash From Operating Activities

343.9m362.5m533.8m649.0m

Purchases of PP&E

(49.9m)(66.8m)(78.1m)(63.6m)

Cash From Investing Activities

(45.9m)(524.5m)(747.7m)43.6m

Long-term Borrowings

(244.8m)(88.4m)

Cash From Financing Activities

(134.0k)290.7m(277.5m)(442.8m)

Net Change in Cash

(492.5m)242.3m

Interest Paid

80.8m90.1m

Income Taxes Paid

34.1m34.3m

ARRIS Operating Metrics

FY, 2015FY, 2016

Backlog

$715.80 m$1.11 b

Facilities

72 60

Patents (US)

1.28 k1.24 k

Patents Issued

2.34 k2.56 k

Trademarks

656 588