Array Technologies, Inc.

ARRY

ARRYArray Technologies, Inc. US flag

NASDAQ Global Market

9.22

USD

+0.40

- -

1.42BMarket Cap

Income Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	291	648	873	853	1,638	1,577	916	1,284
+ Sales & Services Revenue	291	648	873	853	1,638	1,577	916	1,284
- Cost of Revenue	279	497	670	785	1,425	1,161	618	986
+ Cost of Goods & Services	279	497	670	785	1,425	1,161	618	986
Gross Profit	12	151	203	68	213	416	298	299
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	74	67	81	90	235	198	197	225
+ Selling, General & Admin	47	41	56	81	151	160	161	199
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	27	26	26	9	85	39	36	26
Operating Income (Loss)	-62	84	122	-22	-23	217	101	74
- Non-Operating (Income) Loss	19	19	44	39	-18	40	352	103
+ Interest Expense, Net	19	19	15	35	34	36	18	15
+ Interest Expense	19	19	15	36	37	44	35	27
- Interest Income	- -	- -	- -	- -	3	8	17	12
+ Other Non-Op (Income) Loss	- -	1	29	4	-51	4	334	87
Pretax Income	-81	65	78	-61	-5	177	-251	-29
- Income Tax Expense (Benefit)	-20	25	19	-11	-9	40	-10	23
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-61	40	59	-50	4	137	-240	-52
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-61	40	59	-50	4	137	-240	-52
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-61	40	59	-50	4	137	-240	-52
- Preferred Dividends	- -	- -	- -	16	48	52	56	60
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-61	40	59	-66	-44	86	-296	-112
EBIT	-62	84	122	-22	-23	217	101	74
EBITDA	-34	111	149	4	78	272	154	121
EBITDA Margin (%)	-11.55	17.19	17.09	0.46	4.79	17.25	16.79	9.42
EBITA	-62	84	122	-22	-23	217	101	74
Gross Margin (%)	3.97	23.27	23.24	8	12.99	26.36	32.5	23.25
Operating Margin (%)	-21.33	12.97	13.94	-2.58	-1.38	13.77	11.03	5.74
Profit Margin (%)	-20.9	6.13	6.77	-5.91	0.27	8.71	-26.25	-4.07
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	0.06	0.12	- -	- -	- -
Depreciation Expense	28	27	27	26	101	55	53	47
Basic Weighted Avg Shares	127	120	121	130	150	151	152	153
Basic EPS, GAAP	-0.48	0.33	0.49	-0.51	-0.29	0.57	-1.95	-0.73
Basic EPS from Cont Ops	-0.48	0.33	0.49	-0.39	0.03	0.91	-1.58	-0.34
Diluted Weighted Avg Shares	127	120	122	130	150	152	152	153
Diluted EPS, GAAP	-0.48	0.33	0.49	-0.51	-0.29	0.56	-1.95	-0.73
Diluted EPS from Cont Ops	-0.48	0.33	0.49	-0.39	0.03	0.9	-1.58	-0.34

Balance Sheet (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	174	620	375	852	831	832	999	869
+ Cash, Cash Equivalents & STI	41	310	108	368	134	249	363	244
+ Cash & Cash Equivalents	41	310	108	368	134	249	363	244
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	62	97	136	245	425	332	276	272
+ Accounts Receivable, Net	52	96	119	236	421	332	276	272
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	11	1	17	9	4	- -	- -	- -
+ Inventories	55	148	118	206	233	162	201	150
+ Raw Materials	7	63	39	85	67	87	61	48
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	2
+ Finished Goods	52	90	86	128	167	75	140	101
+ Inventory Adjustments	-3	-5	-6	-7	-8	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	8	- -	- -	- -
+ Other ST Assets	16	65	12	34	39	89	159	203
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	336	304	281	291	875	874	427	583
+ Property, Plant & Equip, Net	11	11	10	11	23	28	43	155
+ Property, Plant & Equip	16	17	19	22	41	49	67	186
- Accumulated Depreciation	5	7	9	11	18	21	25	30
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	325	293	271	280	852	847	385	427
+ Total Intangible Assets	318	293	268	244	803	790	342	374
+ Goodwill	70	70	70	70	416	436	160	135
+ Other Intangible Assets	249	224	198	175	386	354	181	239
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	6	- -	3	36	49	57	43	54
Total Assets	510	924	656	1,143	1,706	1,707	1,426	1,452
+ Payables & Accruals	51	158	126	134	236	198	271	214
+ Accounts Payable	30	136	85	92	170	119	172	144
+ Accrued Taxes	- -	2	9	- -	8	11	9	7
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	21	20	32	42	58	67	89	63
+ ST Debt	59	98	4	10	49	70	36	18
+ ST Borrowings	59	98	4	4	39	21	31	10
+ ST Finance Leases	- -	- -	- -	6	11	48	6	8
+ Other ST Liabilities	24	335	159	101	180	68	131	145
+ Deferred Revenue	22	329	150	100	179	66	120	128
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	3	6	9	2	1	1	11	17
Total Current Liabilities	135	591	289	245	465	336	438	377
+ LT Debt	96	- -	424	711	720	661	662	748
+ LT Borrowings	96	- -	424	711	720	661	647	659
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	15	90
+ Other LT Liabilities	15	28	24	18	97	100	38	66
+ Accrued Liabilities	- -	16	13	- -	73	67	21	22
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	15	12	11	18	24	33	16	44
Total Noncurrent Liabilities	111	28	448	729	817	761	699	814
Total Liabilities	245	618	737	975	1,282	1,096	1,137	1,191
+ Preferred Equity and Hybrid Capital	- -	- -	- -	237	300	351	407	467
+ Share Capital & APIC	- -	- -	141	203	383	345	298	227
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	140	203	383	345	298	227
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	-221	-272	-267	-130	-371	-423
+ Other Equity	- -	- -	- -	- -	8	45	-45	-10
Equity Before Minority Interest	264	305	-81	168	424	611	289	260
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	264	305	-81	168	424	611	289	260
Total Liabilities & Equity	510	924	656	1,143	1,706	1,707	1,426	1,452
Shares Outstanding	127	127	127	135	151	151	152	153
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	6	11	48	21	97
Net Debt	114	-213	320	348	625	433	314	425
Net Debt to Equity	43.18	-69.64	-395.36	206.64	147.49	70.98	108.81	163.06
Tangible Common Equity Ratio	-28.22	1.89	-89.91	-34.91	-75.07	-57.89	-42.39	-53.81
Current Ratio	1.29	1.05	1.3	3.47	1.79	2.48	2.28	2.31
Cash Conversion Cycle	- -	65.02	54.71	114.18	96.47	100.76	147.19	81.09

Cash Flow Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-61	40	59	-50	4	137	-240	-52
+ Depreciation & Amortization	28	27	27	26	101	55	53	47
+ Non-Cash Items	-10	30	38	22	-8	32	315	162
+ Stock-Based Compensation	- -	1	5	14	15	15	10	16
+ Deferred Income Taxes	-20	22	-3	-10	-32	-9	-38	3
+ Asset Impairment Charge	- -	- -	- -	- -	-1	- -	328	103
+ Other Non-Cash Adj	10	7	36	19	9	27	14	40
+ Chg in Non-Cash Work Cap	31	289	-247	-261	44	8	27	-55
+ (Inc) Dec in Accts Receiv	19	-31	-40	-109	-71	93	37	24
+ (Inc) Dec in Inventories	-10	-95	28	-88	21	67	-45	53
+ (Inc) Dec in Prepaid Assets	-3	2	1	-21	19	-11	-70	-26
+ Inc (Dec) in Accts Payable	18	105	-33	7	13	-30	57	-91
+ Inc (Dec) in Other	7	307	-204	-50	63	-111	47	-16
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-12	386	-122	-263	141	232	154	102
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-6	-2	-1	-3	-11	-17	-19	-22
+ Acq of Fixed Prod Assets	-2	-2	-1	-3	-11	-17	-19	-22
+ Acq of Intangible Assets	-4	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	146	121	16	- -	- -	- -
+ Increase in Capital Stock	- -	- -	146	121	16	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	-12	- -	- -	-3	-1
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	-12	- -	- -	-3	-1
+ Net Cash From Acq & Div	- -	- -	- -	- -	-374	- -	12	-165
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	12	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	-374	- -	- -	-165
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-6	-2	-1	-15	-384	-17	-10	-188
+ Dividends Paid	- -	- -	- -	-8	-19	- -	- -	- -
+ Net Cash From Debt	-26	-64	357	280	-18	-99	-9	10
+ Cash From Debt	51	- -	575	539	136	63	93	496
+ Repayments of Debt	-77	-64	-218	-259	-154	-162	-102	-487
+ Other Financing Activities	77	- -	-631	145	29	-3	-3	-48
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	51	-64	-129	538	8	-102	-12	-38
Effect of Foreign Exchange Rates	- -	- -	- -	- -	1	2	-18	6
Net Changes in Cash	33	320	-253	259	-235	113	133	-124
EBITDA	-34	111	149	4	78	272	154	121
EBITDA Margin (%)	-11.55	17.19	17.09	0.46	4.79	17.25	16.79	9.42
Free Cash Flow	-18	384	-124	-267	131	215	135	80
Net Cash Paid for Acquisitions	- -	- -	- -	- -	374	- -	-12	165
Free Cash Flow to Firm	- -	396	-112	- -	- -	249	- -	- -
Free Cash Flow to Equity	- -	320	233	235	127	116	127	89
Free Cash Flow per Basic Share	-0.14	3.2	-1.02	-2.05	0.87	1.42	0.89	0.52
Price/Free Cash Flow	- -	- -	-43.37	-7.85	19.04	10.26	5.31	11.36
Cash Flow to Net Income	0.19	9.71	-2.07	5.22	31.93	1.69	-0.64	-1.95
Capital Expenditures	-6	-2	-1	-3	-11	-17	-19	-22