ADTRAN Inc
NASDAQ:ADTN

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ADTRAN Inc
NASDAQ:ADTN
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Price: 8.19 USD -2.38% Market Closed
Market Cap: 648.9m USD
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Income Statement

Earnings Waterfall
ADTRAN Inc

Revenue
1.1B USD
Cost of Revenue
-791.7m USD
Gross Profit
357.4m USD
Operating Expenses
-516.5m USD
Operating Income
-159.1m USD
Other Expenses
-108.6m USD
Net Income
-267.7m USD

Income Statement
ADTRAN Inc

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Income Statement
Currency: USD
Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023
Revenue
Revenue
641
N/A
645
+1%
659
+2%
645
-2%
629
-2%
625
-1%
609
-3%
604
-1%
600
-1%
599
0%
602
+0%
613
+2%
637
+4%
665
+4%
687
+3%
703
+2%
667
-5%
617
-7%
561
-9%
516
-8%
529
+3%
552
+4%
581
+5%
554
-5%
530
-4%
501
-6%
473
-6%
492
+4%
507
+3%
519
+3%
534
+3%
539
+1%
563
+4%
590
+5%
619
+5%
821
+33%
1 026
+25%
1 195
+17%
1 350
+13%
1 282
-5%
1 149
-10%
Gross Profit
Cost of Revenue
(333)
(329)
(336)
(325)
(319)
(327)
(329)
(332)
(333)
(332)
(324)
(330)
(346)
(366)
(382)
(387)
(363)
(348)
(326)
(309)
(326)
(327)
(340)
(326)
(310)
(290)
(274)
(281)
(289)
(299)
(305)
(321)
(345)
(371)
(400)
(547)
(698)
(834)
(959)
(898)
(792)
Gross Profit
308
N/A
316
+3%
324
+2%
320
-1%
311
-3%
299
-4%
280
-6%
273
-3%
267
-2%
267
+0%
278
+4%
283
+2%
291
+3%
299
+3%
305
+2%
316
+4%
304
-4%
270
-11%
235
-13%
207
-12%
204
-2%
225
+11%
240
+7%
228
-5%
220
-4%
210
-4%
199
-6%
212
+6%
218
+3%
220
+1%
229
+4%
218
-5%
218
+0%
219
+0%
219
0%
274
+25%
327
+19%
361
+10%
391
+8%
384
-2%
357
-7%
Operating Income
Operating Expenses
(259)
(262)
(265)
(266)
(262)
(261)
(261)
(258)
(253)
(250)
(247)
(250)
(257)
(263)
(264)
(270)
(266)
(266)
(261)
(253)
(249)
(248)
(250)
(251)
(251)
(242)
(236)
(227)
(222)
(220)
(221)
(226)
(233)
(232)
(228)
(304)
(381)
(462)
(539)
(527)
(516)
Selling, General & Administrative
(129)
(133)
(134)
(133)
(132)
(129)
(127)
(125)
(124)
(123)
(124)
(128)
(132)
(136)
(138)
(139)
(136)
(134)
(132)
(128)
(124)
(125)
(126)
(126)
(128)
(120)
(118)
(113)
(112)
(113)
(114)
(118)
(124)
(125)
(122)
(138)
(209)
(219)
(256)
(268)
(258)
Research & Development
(130)
(130)
(130)
(132)
(131)
(131)
(133)
(132)
(130)
(127)
(123)
(122)
(125)
(127)
(130)
(131)
(131)
(132)
(129)
(125)
(125)
(123)
(124)
(125)
(123)
(122)
(118)
(114)
(109)
(107)
(107)
(107)
(109)
(108)
(106)
(139)
(172)
(216)
(255)
(259)
(258)
Depreciation & Amortization
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
(28)
0
0
0
0
0
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(27)
(27)
0
0
Operating Income
50
N/A
54
+9%
58
+8%
54
-8%
49
-10%
38
-22%
19
-49%
15
-23%
14
-8%
17
+26%
31
+84%
33
+6%
35
+4%
36
+4%
41
+14%
46
+11%
37
-19%
4
-90%
(26)
N/A
(46)
-80%
(45)
+1%
(23)
+50%
(9)
+59%
(22)
-140%
(31)
-40%
(31)
0%
(37)
-18%
(15)
+58%
(4)
+77%
(0)
+97%
9
N/A
(8)
N/A
(14)
-81%
(13)
+6%
(9)
+31%
(30)
-227%
(54)
-78%
(101)
-88%
(148)
-46%
(143)
+3%
(159)
-11%
Pre-Tax Income
Interest Income Expense
13
11
11
12
10
12
12
11
13
10
10
9
10
8
8
8
8
7
7
10
(1)
5
7
2
14
(3)
4
7
7
19
11
8
5
0
(7)
(11)
(13)
(11)
(9)
(11)
(11)
Non-Reccuring Items
(1)
(1)
0
0
(1)
0
0
0
0
0
0
4
4
4
0
0
0
11
11
11
11
(2)
(2)
(7)
(9)
(7)
(8)
(5)
(6)
(6)
(5)
(3)
(0)
(0)
(0)
(17)
(19)
(22)
(27)
(73)
(62)
Total Other Income
(0)
2
1
1
3
1
2
3
(1)
1
(0)
(0)
(1)
(1)
(1)
(2)
(1)
(0)
0
1
1
2
2
4
2
2
0
(3)
(3)
(2)
(1)
2
4
2
2
4
15
15
16
16
1
Pre-Tax Income
61
N/A
66
+8%
71
+8%
66
-7%
60
-9%
51
-15%
33
-35%
29
-13%
26
-11%
28
+10%
41
+44%
45
+11%
47
+4%
47
+0%
49
+3%
52
+8%
45
-14%
22
-51%
(8)
N/A
(24)
-213%
(33)
-42%
(18)
+47%
(3)
+84%
(25)
-745%
(25)
-1%
(40)
-62%
(41)
-2%
(17)
+59%
(6)
+63%
10
N/A
14
+38%
(1)
N/A
(6)
-385%
(12)
-86%
(14)
-16%
(54)
-295%
(71)
-32%
(119)
-68%
(168)
-41%
(211)
-26%
(231)
-10%
Net Income
Tax Provision
(15)
(18)
(19)
(19)
(15)
(12)
(7)
(7)
(7)
(8)
(13)
(12)
(12)
(10)
(10)
(10)
(9)
(3)
6
13
10
6
3
(29)
(28)
(24)
(26)
1
9
3
4
3
(2)
1
0
6
62
71
82
94
(28)
Income from Continuing Operations
46
48
52
47
45
38
26
22
19
20
28
33
35
37
39
43
36
18
(2)
(10)
(23)
(12)
0
(54)
(53)
(64)
(67)
(15)
2
13
18
2
(9)
(11)
(14)
(48)
(9)
(48)
(87)
(117)
(259)
Income to Minority Interest
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
3
7
13
16
16
(8)
Net Income (Common)
46
N/A
48
+4%
52
+9%
47
-9%
45
-5%
38
-14%
26
-31%
22
-16%
19
-16%
20
+9%
28
+38%
33
+19%
35
+6%
37
+5%
39
+6%
43
+9%
24
-44%
6
-73%
(14)
N/A
(22)
-61%
(19)
+12%
(8)
+60%
4
N/A
(50)
N/A
(53)
-7%
(64)
-20%
(67)
-5%
(15)
+77%
2
N/A
13
+454%
18
+32%
2
-90%
(9)
N/A
(11)
-23%
(14)
-28%
(45)
-232%
(2)
+96%
(35)
-1 670%
(71)
-100%
(102)
-44%
(268)
-163%
EPS (Diluted)
0.78
N/A
0.82
+5%
0.93
+13%
0.84
-10%
0.8
-5%
0.7
-13%
0.49
-30%
0.44
-10%
0.36
-18%
0.41
+14%
0.57
+39%
0.69
+21%
0.72
+4%
0.77
+7%
0.82
+6%
0.89
+9%
0.48
-46%
0.13
-73%
-0.28
N/A
-0.46
-64%
-0.4
+13%
-0.16
+60%
0.08
N/A
-1.03
N/A
-1.11
-8%
-1.33
-20%
-1.39
-5%
-0.32
+77%
0.05
N/A
0.27
+440%
0.35
+30%
0.03
-91%
-0.18
N/A
-0.22
-22%
-0.28
-27%
-0.61
-118%
-0.03
+95%
-0.47
-1 467%
-0.9
-91%
-1.3
-44%
-3.41
-162%

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