Avid Technology, Inc. (AVID) — Financial statements
Income statement, balance sheet, and cash flow for Avid Technology, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 417↑1.8% | 410↑13.7% | 360↓12.5% | 412↓0.4% | 413 | |
| Cost of Revenue | 143↓0.8% | 144↑9.1% | 132↓18.8% | 163↓6.6% | 174 | |
| Gross Profit | 274↑3.2% | 266↑16.4% | 228↓8.3% | 249↑4.1% | 239 | |
| Operating Expenses | ||||||
| R&D Expenses | 67↑2.1% | 66↑15.0% | 57↓8.5% | 62↓0.1% | 62 | |
| General & Administrative Expenses | 57↓0.3% | 57↑21.9% | 47↓11.8% | 53↓3.4% | 55 | |
| Selling & Marketing Expenses | 96↑0.5% | 95↑9.0% | 88↓12.3% | 100↓1.3% | 101 | |
| SG&A Expenses | 153↑0.2% | 153↑13.5% | 135↓12.1% | 153↓2.0% | 157 | |
| Other Expenses | 0.83 | 0.00↓100.0% | 0.87↑25.1% | 0.69↑261.5% | 0.19 | |
| Operating Expenses | 220↑0.8% | 218↑13.9% | 192↓11.4% | 216↓1.8% | 220 | |
| Total Costs & Expenses | 363↑0.1% | 363↑12.0% | 324↓14.6% | 379↓3.9% | 394 | |
| Operating Results | ||||||
| Operating Income | 54↑16.4% | 46↑46.6% | 32↓1.7% | 32↑134.6% | 14 | |
| Depreciation & Amortization | 10↓32.0% | 14↑4.9% | 14↓5.0% | 14↓32.5% | 21 | |
| EBITDA | 64↑5.0% | 60↑91.6% | 32↓1.7% | 32↑134.6% | 14 | |
| EBIT | 55↑7.0% | 51 | 0.00 | 0.00 | 0.00 | |
| Interest & Other Income | ||||||
| Net Interest Income | -9↓30.3% | -7↑62.5% | -19↑35.5% | -30↓29.0% | -23 | |
| Interest Income | 0.05↑650.0% | 0.01↓91.4% | 0.07↑94.4% | 0.04↓81.5% | 0.20 | |
| Interest Expense | 9↑30.8% | 7↓62.6% | 19↓35.3% | 30↑28.1% | 23 | |
| Non-Operating Income | -0.83↑82.8% | -5 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -9↓269.1% | -2↑87.9% | -19↑35.3% | -30↓28.1% | -23 | |
| Income Before Tax | 45↑3.1% | 44↑253.5% | 12↑392.4% | 3↑126.9% | -9 | |
| Income Tax Expense | -10↓485.8% | 3↑87.1% | 1↑127.0% | -5↓499.4% | 1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 55↑33.5% | 41↑274.1% | 11↑45.5% | 8↑171.2% | -11 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 55↑33.5% | 41↑274.1% | 11↑45.5% | 8↑171.2% | -11 | |
| Bottom-Line Net Income | 55↑33.5% | 41↑274.1% | 11↑45.5% | 8↑171.2% | -11 | |
| EPS (Basic) | 1.24↑34.8% | 0.92↑268.0% | 0.25↑38.9% | 0.18↑169.2% | -0.26 | |
| EPS (Diluted) | 1.23↑38.2% | 0.89↑256.0% | 0.25↑47.1% | 0.17↑165.4% | -0.26 | |
| Weighted Average Shares | 45↓1.3% | 45↑2.9% | 44↑2.8% | 43↑3.9% | 41 | |
| Weighted Average Diluted Shares | 45↓3.1% | 46↑3.2% | 45↑3.2% | 43↑4.4% | 42 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.