ADTRAN Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	93.68	77.57	87.17	108.64	56.6	60.16
Short-Term Investments	-	-	-	0.34	0.35	3.13
Cash & Short-Term Investments	93.68	77.57	87.17	108.98	56.95	63.29
Cash Growth	5.91%	-11.01%	-20.02%	91.36%	-10.02%	-22.26%
Accounts Receivable	178.98	178.66	217.14	281.29	159.21	99.59
Other Receivables	14.83	14.04	17.57	18.99	10.76	20.77
Receivables	193.81	192.7	234.7	300.27	169.97	120.36
Inventory	223.76	269.34	362.3	427.53	139.89	125.46
Prepaid Expenses	72.42	56.33	43.47	32.08	8.6	7.19
Restricted Cash	7.55	-	-	-	0.22	0.02
Other Current Assets	11.9	14.67	9.23	13.49	0.7	1.1
Total Current Assets	603.12	610.61	736.86	882.36	376.33	317.42
Property, Plant & Equipment	121.47	133.28	151.06	141.04	60.69	67.71
Long-Term Investments	1.1	1.1	0.94	9.77	43.72	56.23
Goodwill	59.92	52.92	353.42	381.72	6.97	6.97
Other Intangible Assets	302.28	284.89	337.42	401.21	19.29	23.47
Long-Term Accounts Receivable	-	-	-	-	-	0.35
Long-Term Deferred Tax Assets	17.83	17.83	25.79	67.84	9.08	9.87
Long-Term Deferred Charges	-	-	-	-	0.1	-
Other Long-Term Assets	103.2	78.75	77.03	59.56	52.85	43.67
Total Assets	1,209	1,179	1,683	1,943	569.02	525.68
Accounts Payable	188.95	170.45	162.92	237.7	102.49	49.93
Accrued Expenses	59.79	56.9	49.11	65.32	21.44	19.97
Short-Term Debt	-	-	-	60.53	-	-
Current Portion of Leases	-	7.15	7.72	7.6	1.73	1.81
Current Income Taxes Payable	1.45	1.94	5.22	9.03	6.56	1.3
Current Unearned Revenue	57.56	52.7	46.73	41.19	17.74	14.09
Other Current Liabilities	-	4.5	6.4	7.2	5.4	7.1
Total Current Liabilities	307.75	293.65	278.11	428.58	155.36	94.19
Long-Term Debt	217.88	189.58	195	60	-	-
Long-Term Leases	25.95	25.93	31.42	22.81	3.27	3.57
Long-Term Unearned Revenue	23.2	22.07	25.11	19.24	9.27	6.89
Pension & Post-Retirement Benefits	9.73	8.98	12.54	10.62	11.4	18.66
Long-Term Deferred Tax Liabilities	32.3	30.69	35.66	61.63	-	-
Other Long-Term Liabilities	48.43	51.13	57.7	37.01	32.61	29.42
Total Liabilities	665.24	622.02	635.53	639.88	211.92	152.74
Common Stock	0.8	0.8	0.79	0.78	0.8	0.8
Additional Paid-In Capital	799.95	808.91	795.3	895.83	288.95	281.47
Retained Earnings	-728.71	-680.99	-232.91	55.34	740.82	781.81
Treasury Stock	-5.11	-5.2	-5.83	-4.13	-661.55	-679.49
Comprehensive Income & Other	74.66	10.9	47.47	26.13	-11.91	-11.64
Total Common Equity	141.58	134.41	604.83	973.95	357.1	372.94
Minority Interest	402.09	422.94	442.15	329.66	-	-
Shareholders' Equity	543.67	557.36	1,047	1,304	357.1	372.94
Total Liabilities & Equity	1,209	1,179	1,683	1,943	569.02	525.68
Total Debt	243.83	222.66	234.14	150.94	5	5.38
Net Cash (Debt)	-149.05	-143.99	-146.07	-41.15	64.55	68.91
Net Cash Growth	-	-	-	-	-6.32%	-18.08%
Net Cash Per Share	-1.87	-1.82	-1.86	-0.66	1.33	1.43
Filing Date Shares Outstanding	79.85	79.86	79.12	78.63	49.12	48.52
Total Common Shares Outstanding	79.83	79.22	78.67	77.89	49.06	48.24
Working Capital	295.37	316.96	458.75	453.78	220.97	223.23
Book Value Per Share	1.77	1.70	7.69	12.50	7.28	7.73
Tangible Book Value	-220.62	-203.4	-86.01	191.02	330.84	342.51
Tangible Book Value Per Share	-2.76	-2.57	-1.09	2.45	6.74	7.10
Land	3.07	2.99	5.24	5.36	4.58	4.58
Buildings	96	90.85	137.45	130.79	103.74	103.31
Machinery	357.58	315.42	296.46	273.64	226.96	223.83

Source: S&P Global Market Intelligence. Standard template. Financial Sources.