Spirent Communications plc (LON: SPT)

Spirent Communications Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	131	108.1	209.6	174.8	241.2	183.2
Cash & Short-Term Investments	131	108.1	209.6	174.8	241.2	183.2
Cash Growth	-11.61%	-48.43%	19.91%	-27.53%	31.66%	50.66%
Accounts Receivable	99.1	113.3	142.4	149.2	118.4	128.7
Other Receivables	2.8	8.5	7.8	6.3	5.3	5
Receivables	101.9	121.8	150.2	155.5	123.7	133.7
Inventory	40.3	43.5	39.8	26	22.3	20.6
Prepaid Expenses	-	12.9	13	11.1	9	9.6
Other Current Assets	0.3	1	0.9	1.2	0.8	0.6
Total Current Assets	273.5	287.3	413.5	368.6	397	347.7
Property, Plant & Equipment	31.7	33	40.1	49.7	49.1	55.5
Goodwill	-	187.3	183.1	184	157.5	157.1
Other Intangible Assets	204.1	19.3	18.9	24.2	2.4	3.2
Long-Term Accounts Receivable	1.1	-	-	-	-	-
Long-Term Deferred Tax Assets	46.5	43.2	32.8	18.6	23.7	22.4
Long-Term Deferred Charges	1.3	0.3	0.5	0.8	0.3	0.3
Other Long-Term Assets	10.2	13.4	16.4	45.4	19.8	18.5
Total Assets	568.4	583.8	705.3	691.3	649.8	604.7
Accounts Payable	49.8	19.3	33.6	12.9	9.4	24.6
Accrued Expenses	-	45.4	59.7	72.9	61.8	53.9
Current Portion of Leases	8.2	10.7	7.1	8.4	8.2	8.5
Current Income Taxes Payable	1	0.8	7.2	3.2	2.1	3.8
Current Unearned Revenue	86.8	67.7	76.7	73.5	66.7	57.3
Other Current Liabilities	4.6	5.1	6.1	5.8	7	6.3
Total Current Liabilities	150.4	149	190.4	176.7	155.2	154.4
Long-Term Leases	11.5	10.7	15	21.4	20	24.5
Long-Term Unearned Revenue	18.4	33.7	22.7	27.5	19	13.8
Long-Term Deferred Tax Liabilities	-	-	-	8	2	-
Other Long-Term Liabilities	2.6	3.2	2.9	2.9	4.4	4.2
Total Liabilities	193.5	208	240.1	243.8	207	202.4
Common Stock	24.4	24.6	24.7	27.5	27.9	26.8
Additional Paid-In Capital	25.5	25.7	24.4	27.2	27.6	26.6
Retained Earnings	284.5	284.3	376.6	350.7	345.7	306.2
Comprehensive Income & Other	40.5	41.2	39.5	42.1	41.6	42.7
Total Common Equity	374.9	375.8	465.2	447.5	442.8	402.3
Shareholders' Equity	374.9	375.8	465.2	447.5	442.8	402.3
Total Liabilities & Equity	568.4	583.8	705.3	691.3	649.8	604.7
Total Debt	19.7	21.4	22.1	29.8	28.2	33
Net Cash (Debt)	111.3	86.7	187.5	145	213	150.2
Net Cash Growth	-12.02%	-53.76%	29.31%	-31.92%	41.81%	23.52%
Net Cash Per Share	0.19	0.15	0.31	0.24	0.35	0.24
Filing Date Shares Outstanding	575.75	571.85	602.34	606.74	608.34	609.6
Total Common Shares Outstanding	575.75	571.85	602.34	606.74	608.34	609.6
Working Capital	123.1	138.3	223.1	191.9	241.8	193.3
Book Value Per Share	0.65	0.66	0.77	0.74	0.73	0.66
Tangible Book Value	170.8	169.2	263.2	239.3	282.9	242
Tangible Book Value Per Share	0.30	0.30	0.44	0.39	0.47	0.40
Land	-	22.8	22.8	23	24	23.7
Machinery	-	127	125.2	132	129.7	122.7
Order Backlog	-	293.7	288.1	269.8	207	-

Source: S&P Capital IQ. Standard template. Financial Sources.