ARRY: Array Technologies Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Array Technologies Inc (ARRY).
$917.74M Market Cap.
ARRY Market Cap. (MRY)
ARRY Shares Outstanding (MRY)
ARRY Assets (MRY)
Total Assets
$1.43B
Total Liabilities
$1.14B
Total Investments
$0
ARRY Income (MRY)
Revenue
$915.81M
Net Income
-$240.39M
Operating Expense
$524.56M
ARRY Cash Flow (MRY)
CF Operations
$153.98M
CF Investing
-$9.57M
CF Financing
-$11.84M
ARRY Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $1,425,999,000 (-16.45%) | $1,706,741,000 (0.04%) | $1,706,052,000 (49.26%) | $1,142,979,000 (74.23%) |
Assets Current | $998,724,000 (20.00%) | $832,281,000 (0.13%) | $831,209,000 (-2.44%) | $852,033,000 (127.10%) |
Assets Non-Current | $427,275,000 (-51.14%) | $874,460,000 (-0.04%) | $874,843,000 (200.69%) | $290,946,000 (3.60%) |
Goodwill & Intangible Assets | $341,598,000 (-56.76%) | $789,980,000 (-1.57%) | $802,548,000 (228.27%) | $244,480,000 (-8.77%) |
Shareholders Equity | -$118,096,000 (-145.55%) | $259,248,000 (108.60%) | $124,281,000 (279.58%) | -$69,205,000 (14.46%) |
Property Plant & Equipment Net | $26,222,000 (-5.99%) | $27,893,000 (20.36%) | $23,174,000 (116.74%) | $10,692,000 (9.39%) |
Cash & Equivalents | $364,141,000 (46.19%) | $249,080,000 (86.02%) | $133,901,000 (-63.58%) | $367,670,000 (239.05%) |
Accumulated Other Comprehensive Income | -$45,403,000 (-201.32%) | $44,810,000 (431.87%) | $8,425,000 (0%) | $0 (0%) |
Deferred Revenue | $119,775,000 (80.15%) | $66,488,000 (-62.84%) | $178,922,000 (79.69%) | $99,575,000 (-33.54%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $200,818,000 (23.99%) | $161,964,000 (-30.53%) | $233,159,000 (13.37%) | $205,653,000 (73.61%) |
Trade & Non-Trade Receivables | $275,838,000 (-16.95%) | $332,152,000 (-21.14%) | $421,183,000 (78.46%) | $236,009,000 (98.84%) |
Trade & Non-Trade Payables | $172,368,000 (44.24%) | $119,498,000 (-29.88%) | $170,430,000 (85.25%) | $92,002,000 (8.25%) |
Accumulated Retained Earnings (Deficit) | -$370,624,000 (-184.59%) | -$130,230,000 (51.31%) | -$267,470,000 (1.63%) | -$271,902,000 (-22.76%) |
Tax Assets | $17,754,000 (11.87%) | $15,870,000 (-20.64%) | $19,998,000 (8.70%) | $18,397,000 (7.22%) |
Tax Liabilities | $26,625,000 (-63.33%) | $72,612,000 (-8.65%) | $79,487,000 (132378.33%) | $60,000 (-99.73%) |
Total Debt | $677,284,000 (-0.75%) | $682,420,000 (-10.09%) | $759,043,000 (6.11%) | $715,356,000 (67.03%) |
Debt Current | $30,714,000 (43.04%) | $21,472,000 (-44.50%) | $38,691,000 (799.79%) | $4,300,000 (-0.30%) |
Debt Non-Current | $646,570,000 (-2.18%) | $660,948,000 (-8.25%) | $720,352,000 (1.31%) | $711,056,000 (67.71%) |
Total Liabilities | $1,137,164,000 (3.73%) | $1,096,233,000 (-14.50%) | $1,282,201,000 (31.55%) | $974,722,000 (32.27%) |
Liabilities Current | $437,814,000 (30.42%) | $335,691,000 (-27.85%) | $465,262,000 (89.67%) | $245,305,000 (-15.15%) |
Liabilities Non-Current | $699,350,000 (-8.05%) | $760,542,000 (-6.90%) | $816,939,000 (12.00%) | $729,417,000 (62.88%) |
ARRY Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $915,807,000 (-41.91%) | $1,576,551,000 (-3.72%) | $1,637,546,000 (91.90%) | $853,318,000 (-2.22%) |
Cost of Revenue | $618,130,000 (-46.76%) | $1,161,000,000 (-18.52%) | $1,424,828,000 (81.50%) | $785,017,000 (17.19%) |
Selling General & Administrative Expense | $160,567,000 (0.65%) | $159,535,000 (5.81%) | $150,777,000 (86.20%) | $80,974,000 (45.55%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $524,557,000 (164.31%) | $198,463,000 (-15.68%) | $235,358,000 (160.51%) | $90,346,000 (-16.03%) |
Interest Expense | $34,825,000 (-21.26%) | $44,229,000 (20.53%) | $36,694,000 (2.83%) | $35,684,000 (135.86%) |
Income Tax Expense | -$10,182,000 (-125.51%) | $39,917,000 (525.37%) | -$9,384,000 (12.45%) | -$10,718,000 (-157.30%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$240,394,000 (-275.16%) | $137,240,000 (2996.57%) | $4,432,000 (108.79%) | -$50,403,000 (-185.32%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$240,394,000 (-275.16%) | $137,240,000 (2996.57%) | $4,432,000 (108.79%) | -$50,403,000 (-185.32%) |
Preferred Dividends Income Statement Impact | $55,670,000 (7.70%) | $51,691,000 (7.57%) | $48,054,000 (205.78%) | $15,715,000 (0%) |
Net Income Common Stock | -$296,064,000 (-446.08%) | $85,549,000 (296.11%) | -$43,622,000 (34.02%) | -$66,118,000 (-211.93%) |
Weighted Average Shares | $151,754,000 (0.54%) | $150,942,000 (0.75%) | $149,819,000 (15.26%) | $129,984,000 (7.01%) |
Weighted Average Shares Diluted | $151,754,000 (-0.18%) | $152,022,000 (1.47%) | $149,819,000 (15.26%) | $129,984,000 (6.97%) |
Earning Before Interest & Taxes (EBIT) | -$215,751,000 (-197.45%) | $221,386,000 (597.45%) | $31,742,000 (224.79%) | -$25,437,000 (-127.38%) |
Gross Profit | $297,677,000 (-28.37%) | $415,551,000 (95.35%) | $212,718,000 (211.44%) | $68,301,000 (-66.32%) |
Operating Income | -$226,880,000 (-204.51%) | $217,088,000 (1058.87%) | -$22,640,000 (-2.70%) | -$22,045,000 (-123.15%) |
ARRY Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$9,572,000 (43.09%) | -$16,821,000 (95.62%) | -$384,437,000 (-2407.42%) | -$15,332,000 (-1045.89%) |
Net Cash Flow from Financing | -$11,844,000 (88.36%) | -$101,761,000 (-1305.70%) | $8,440,000 (-98.43%) | $537,748,000 (515.98%) |
Net Cash Flow from Operations | $153,980,000 (-33.62%) | $231,955,000 (63.93%) | $141,493,000 (153.76%) | -$263,187,000 (-115.37%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $115,061,000 (-0.10%) | $115,179,000 (149.27%) | -$233,769,000 (-190.18%) | $259,229,000 (202.54%) |
Net Cash Flow - Business Acquisitions and Disposals | -$1,427,000 (-18.92%) | -$1,200,000 (99.68%) | -$375,301,000 (-4705.39%) | -$7,810,000 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $8,975,000 (0%) | $0 (0%) | $0 (0%) | -$11,975,000 (0%) |
Capital Expenditure | -$18,547,000 (-10.26%) | -$16,821,000 (-58.40%) | -$10,619,000 (-216.32%) | -$3,357,000 (-150.90%) |
Issuance (Repayment) of Debt Securities | -$8,665,000 (91.25%) | -$99,052,000 (-448.86%) | -$18,047,000 (-106.64%) | $271,915,000 (-15.20%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $15,435,000 (-86.78%) | $116,772,000 (-19.76%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$17,503,000 (-1069.16%) | $1,806,000 (145.71%) | $735,000 (0%) | $0 (0%) |
Share Based Compensation | $8,597,000 (-40.87%) | $14,540,000 (-2.95%) | $14,982,000 (8.90%) | $13,757,000 (186.07%) |
Depreciation Amortization & Accretion | $38,221,000 (-5.08%) | $40,268,000 (-53.45%) | $86,501,000 (659.58%) | $11,388,000 (-58.55%) |
ARRY Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 32.50% (23.11%) | 26.40% (103.08%) | 13.00% (62.50%) | 8.00% (-65.52%) |
Profit Margin | -32.30% (-698.15%) | 5.40% (300.00%) | -2.70% (64.94%) | -7.70% (-213.24%) |
EBITDA Margin | -19.40% (-216.87%) | 16.60% (130.56%) | 7.20% (550.00%) | -1.60% (-111.59%) |
Return on Average Equity (ROAE) | -313.60% (-1047.43%) | 33.10% (167.97%) | -48.70% (-136.95%) | 131.80% (879.88%) |
Return on Average Assets (ROAA) | -18.90% (-493.75%) | 4.80% (292.00%) | -2.50% (70.59%) | -8.50% (-213.33%) |
Return on Sales (ROS) | -23.60% (-268.57%) | 14.00% (636.84%) | 1.90% (163.33%) | -3.00% (-128.30%) |
Return on Invested Capital (ROIC) | -22.00% (-210.00%) | 20.00% (640.74%) | 2.70% (171.05%) | -3.80% (-103.99%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -3.1 (-110.51%) | 29.47 (144.22%) | -66.66 (-116.66%) | -30.77 (-134.94%) |
Price to Sales Ratio (P/S) | 1 (-37.75%) | 1.61 (-9.10%) | 1.77 (-25.98%) | 2.39 (-60.20%) |
Price to Book Ratio (P/B) | -7.77 (-179.30%) | 9.8 (-58.13%) | 23.41 (176.46%) | -30.61 (54.80%) |
Debt to Equity Ratio (D/E) | -9.63 (-327.69%) | 4.23 (-59.01%) | 10.32 (173.25%) | -14.09 (-54.63%) |
Earnings Per Share (EPS) | -1.95 (-442.11%) | 0.57 (296.55%) | -0.29 (43.14%) | -0.51 (-204.08%) |
Sales Per Share (SPS) | 6.04 (-42.22%) | 10.45 (-4.44%) | 10.93 (66.49%) | 6.57 (-8.62%) |
Free Cash Flow Per Share (FCFPS) | 0.89 (-37.40%) | 1.43 (63.04%) | 0.87 (142.61%) | -2.05 (-101.67%) |
Book Value Per Share (BVPS) | -0.78 (-145.29%) | 1.72 (106.99%) | 0.83 (256.02%) | -0.53 (20.12%) |
Tangible Assets Book Value Per Share (TABVPS) | 7.15 (17.65%) | 6.07 (0.71%) | 6.03 (-12.75%) | 6.91 (116.34%) |
Enterprise Value Over EBIT (EV/EBIT) | -6 (-142.86%) | 14 (-87.72%) | 114 (225.27%) | -91 (-254.24%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -7.11 (-160.69%) | 11.71 (-61.74%) | 30.61 (118.65%) | -164.12 (-462.41%) |
Asset Turnover | 0.58 (-33.94%) | 0.88 (-7.24%) | 0.95 (-12.73%) | 1.09 (-1.18%) |
Current Ratio | 2.28 (-7.99%) | 2.48 (38.72%) | 1.79 (-48.55%) | 3.47 (167.57%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $135,433,000 (-37.05%) | $215,134,000 (64.38%) | $130,874,000 (149.10%) | -$266,544,000 (-115.75%) |
Enterprise Value (EV) | $1,261,736,605 (-58.82%) | $3,064,072,864 (-15.33%) | $3,618,998,694 (56.96%) | $2,305,693,689 (-57.71%) |
Earnings Before Tax (EBT) | -$250,576,000 (-241.44%) | $177,157,000 (3677.48%) | -$4,952,000 (91.90%) | -$61,121,000 (-178.58%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$177,530,000 (-167.85%) | $261,654,000 (121.28%) | $118,243,000 (941.65%) | -$14,049,000 (-111.67%) |
Invested Capital | $959,730,000 (-5.39%) | $1,014,410,000 (-4.61%) | $1,063,384,000 (6.24%) | $1,000,880,000 (139.00%) |
Working Capital | $560,910,000 (12.95%) | $496,590,000 (35.70%) | $365,947,000 (-39.69%) | $606,728,000 (604.91%) |
Tangible Asset Value | $1,084,401,000 (18.29%) | $916,761,000 (1.47%) | $903,504,000 (0.56%) | $898,499,000 (131.55%) |
Market Capitalization | $917,735,605 (-63.87%) | $2,540,436,864 (-12.67%) | $2,908,981,694 (37.31%) | $2,118,572,689 (-61.33%) |
Average Equity | $94,394,500 (-63.43%) | $258,124,250 (188.11%) | $89,591,500 (278.61%) | -$50,161,250 (85.65%) |
Average Assets | $1,567,477,000 (-12.09%) | $1,783,112,750 (3.76%) | $1,718,485,000 (119.95%) | $781,290,500 (-1.08%) |
Invested Capital Average | $978,840,750 (-11.60%) | $1,107,334,250 (-4.92%) | $1,164,624,500 (76.20%) | $660,983,000 (577.96%) |
Shares | 151,942,981 (0.48%) | 151,216,480 (0.48%) | 150,490,517 (11.45%) | 135,026,940 (6.33%) |
