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ADTRAN (ADTN)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.
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ADTRAN Balance Sheet 2025-1995 | ADTN
Brief overview of ADTRAN's financial position
Balance sheet changes are traced across five available annual reports between 2021 and 2025.
The asset base grew from $569 million to $1.2 billion, or +111.7%. Average annual growth of roughly 20.6% was strong.
Funding shifted toward liabilities: they gained +223.4%, compared with +111.7% for assets.
Internal capital represents 12.1% of the balance sheet versus 62.8% five periods ago. The cushion is thin.
Net debt moved below zero to -$61.6 million, reflecting surplus cash over debt.
Cash equals 7.9% of the balance sheet, compared with 9.9% five periods ago. This is the readily available cushion.
Retained earnings remain negative at -$730 million. This may reflect past losses or substantial shareholder distributions, so earnings and buybacks provide important context.
Overall picture
ADTRAN's financial structure is not clear-cut. Asset scale alone does not resolve questions about how those assets are funded.
Annual Balance Sheet ADTRAN
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 1995 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-61.6 M | -42.9 M | -48 M | -78.2 M | -51.6 M | - | -49.2 M | -80.9 M | -60.8 M | -53.1 M | -56.6 M | -44.6 M | -12.1 M | -22.5 M | 3.52 M | 15.8 M | 23.6 M | 8.09 M | - | - |
Long Term Debt |
27 M | 25.9 M | 31.4 M | 22.8 M | 3.27 M | - | - | 24.6 M | 25.6 M | 26.8 M | 27.9 M | 28.8 M | 46.2 M | 46 M | 46.5 M | 47.5 M | 47.8 M | 50 M | - | 20 M |
Long Term Debt Current |
7.09 M | 7.15 M | 7.72 M | 7.6 M | 1.73 M | 1.81 M | 2.68 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 52 M | 63.7 M | 64.4 M | 61.2 M | 60.1 M | 70.7 M | 83 M | 87.2 M | 63.5 M | - | - | - | - | - |
Total Current Liabilities |
362 M | 293 M | 274 M | 429 M | 155 M | 94.2 M | 113 M | 118 M | 107 M | 127 M | 92.6 M | 119 M | 102 M | 107 M | 61.9 M | 50 M | 47.8 M | - | - | - |
Total Liabilities |
685 M | 622 M | 629 M | 640 M | 212 M | 153 M | 165 M | 182 M | 171 M | 188 M | 153 M | 190 M | 185 M | 194 M | 125 M | 120 M | 112 M | - | - | - |
Deferred Revenue |
87.5 M | 52.7 M | 42.5 M | 41.2 M | 17.7 M | 14.1 M | 12 M | 17.9 M | 13.1 M | 16.3 M | 16.6 M | 22.8 M | 22.2 M | 38.1 M | 9.96 M | 10.1 M | 7.14 M | - | - | - |
Retained Earnings |
-730 M | -689 M | -232 M | 55.3 M | 741 M | 782 M | 807 M | 884 M | 922 M | 922 M | 907 M | 908 M | 884 M | 861 M | 840 M | 732 M | 649 M | - | - | - |
Total Assets |
1.2 B | 1.17 B | 1.68 B | 1.94 B | 569 M | 526 M | 545 M | 628 M | 669 M | 667 M | 633 M | 739 M | 790 M | 886 M | 818 M | 692 M | 564 M | - | - | - |
Cash and Cash Equivalents |
95.7 M | 76 M | 87.2 M | 109 M | 56.6 M | 60.2 M | 73.8 M | 106 M | 86.4 M | 79.9 M | 84.6 M | 73.4 M | 58.3 M | 68.5 M | 43 M | 31.7 M | 24.1 M | 41.9 M | 13.9 M | - |
Book Value |
519 M | 550 M | 1.05 B | 1.3 B | 357 M | 373 M | 380 M | 446 M | 498 M | 480 M | 480 M | 549 M | 605 M | 692 M | 692 M | 572 M | 453 M | - | - | - |
Total Shareholders Equity |
146 M | 127 M | 605 M | 1.3 B | 357 M | 373 M | 380 M | 446 M | 498 M | 480 M | 480 M | 549 M | 605 M | 692 M | 692 M | 572 M | 453 M | 376 M | 378 M | - |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet ADTRAN
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.5 M | - | - | 3.27 M | - | - | - | 500 K | 3.79 M | 4.13 M | 5.01 M | 24.6 M | 5.82 M | 5.82 M | 5.82 M | 24.6 M | 24.6 M | 24.6 M | 24.6 M | 25.6 M | 25.6 M | 25.6 M | 25.6 M | 26.8 M | 26.8 M | 26.8 M | 26.8 M | 27.9 M | 27.9 M | 27.9 M | 27.9 M | 28.8 M | 28.8 M | 28.8 M | 28.8 M | 46.2 M | 46.2 M | 46.2 M | 46.2 M | 46 M | 46 M | 46 M | 46 M | 46.5 M | 46.5 M | 46.5 M | 46.5 M | 47.8 M | 47.8 M |
Total Liabilities |
661 M | 679 M | 685 M | 665 M | 645 M | 631 M | 622 M | 639 M | 629 M | 623 M | 636 M | 625 M | 655 M | 676 M | 640 M | 653 M | - | 237 M | 212 M | 194 M | 176 M | 160 M | 153 M | 153 M | 153 M | 153 M | 165 M | 165 M | 165 M | 165 M | 182 M | 182 M | 182 M | 182 M | 171 M | 171 M | 171 M | 171 M | 188 M | 188 M | 188 M | 188 M | 153 M | 153 M | 153 M | 153 M | 190 M | 190 M | 190 M | 190 M | 185 M | 185 M | 185 M | 185 M | 191 M | 194 M | 194 M | 194 M | 125 M | 125 M | 125 M | 125 M | 121 M | 135 M |
Deferred Revenue |
78.7 M | 90.8 M | 87.5 M | 57.6 M | 62.7 M | 66.5 M | 52.7 M | 54.6 M | 55.1 M | 58.2 M | 46.7 M | 49.8 M | 48 M | 55.6 M | 41.2 M | 41 M | - | 19.5 M | 17.7 M | 16.4 M | 15.9 M | 14.5 M | 14.1 M | 14.1 M | 14.1 M | 14.1 M | 12 M | 12 M | 12 M | 12 M | 17.9 M | 17.9 M | 14.3 M | 13.9 M | 13.1 M | 13.7 M | 15.4 M | 17 M | 16.3 M | 16.3 M | 16.3 M | 16.3 M | 16.6 M | 16.6 M | 16.6 M | 16.6 M | 22.8 M | 22.8 M | 22.8 M | 22.8 M | 22.2 M | 22.2 M | 22.2 M | 22.2 M | 35.3 M | 38.1 M | 38.1 M | 38.1 M | 9.96 M | 9.96 M | 9.96 M | 9.96 M | 8.14 M | 7.74 M |
Retained Earnings |
-736 M | -731 M | -730 M | -729 M | -719 M | -701 M | -689 M | -643 M | -612 M | -562 M | -233 M | -123 M | -41 M | 8.01 M | 55.3 M | 31.5 M | - | 734 M | 741 M | 760 M | 776 M | 776 M | 782 M | 782 M | 782 M | 782 M | 807 M | 807 M | 807 M | 807 M | 884 M | 884 M | 884 M | 884 M | 922 M | 922 M | 922 M | 922 M | 922 M | 922 M | 922 M | 922 M | 907 M | 907 M | 907 M | 907 M | 908 M | 908 M | 908 M | 908 M | 884 M | 884 M | 884 M | 884 M | 861 M | 861 M | 861 M | 861 M | 840 M | 840 M | 840 M | 840 M | 702 M | 680 M |
Total Assets |
1.15 B | 1.19 B | 1.2 B | 1.21 B | 1.22 B | 1.19 B | 1.17 B | 1.27 B | 1.29 B | 1.33 B | 1.68 B | 1.74 B | 1.88 B | 1.94 B | 1.94 B | 1.84 B | - | 589 M | 569 M | 558 M | 551 M | 531 M | 526 M | 526 M | 526 M | 526 M | 545 M | 545 M | 545 M | 545 M | 628 M | 628 M | 628 M | 628 M | 669 M | 669 M | 669 M | 669 M | 667 M | 667 M | 667 M | 667 M | 633 M | 633 M | 633 M | 633 M | 739 M | 739 M | 739 M | 739 M | 790 M | 790 M | 790 M | 790 M | 884 M | 886 M | 886 M | 886 M | 818 M | 818 M | 818 M | 818 M | 658 M | 623 M |
Cash and Cash Equivalents |
79.2 M | 88.3 M | 95.7 M | 93.7 M | 106 M | 101 M | 76 M | 88.5 M | 111 M | 107 M | 87.2 M | 116 M | 124 M | 136 M | 109 M | 111 M | - | 54 M | 56.6 M | 75.5 M | 69.9 M | 63.8 M | 60.2 M | 60.2 M | 60.2 M | 60.2 M | 73.8 M | 73.8 M | 73.8 M | 73.8 M | 106 M | 106 M | 106 M | 106 M | 86.4 M | 86.4 M | 86.4 M | 86.4 M | 79.9 M | 79.9 M | 79.9 M | 79.9 M | 84.6 M | 84.6 M | 84.6 M | 84.6 M | 73.4 M | 73.4 M | 73.4 M | 73.4 M | 58.3 M | 58.3 M | 58.3 M | 58.3 M | 68.5 M | 68.5 M | 68.5 M | 68.5 M | 43 M | 43 M | 43 M | 43 M | 26.1 M | 29.5 M |
Book Value |
489 M | 507 M | 519 M | 544 M | 572 M | 562 M | 550 M | 629 M | 657 M | 704 M | 1.05 B | 1.12 B | 1.23 B | 1.26 B | 1.3 B | 1.18 B | - | 352 M | 357 M | 364 M | 376 M | 370 M | 373 M | 373 M | 373 M | 373 M | 380 M | 380 M | 380 M | 380 M | 446 M | 446 M | 446 M | 446 M | 498 M | 498 M | 498 M | 498 M | 480 M | 480 M | 480 M | 480 M | 480 M | 480 M | 480 M | 480 M | 549 M | 549 M | 549 M | 549 M | 605 M | 605 M | 605 M | 605 M | 692 M | 692 M | 692 M | 692 M | 692 M | 692 M | 692 M | 692 M | 537 M | 488 M |
Total Shareholders Equity |
129 M | 138 M | 146 M | 142 M | 170 M | 139 M | 127 M | 206 M | 214 M | 261 M | 605 M | 676 M | 782 M | 820 M | 1.3 B | 1.18 B | 349 M | 352 M | 357 M | 364 M | 376 M | 370 M | 373 M | 373 M | 373 M | 373 M | 380 M | 380 M | 380 M | 380 M | 446 M | 446 M | 446 M | 446 M | 498 M | 498 M | 498 M | 498 M | 480 M | 480 M | 480 M | 480 M | 480 M | 480 M | 480 M | 480 M | 549 M | 549 M | 549 M | 549 M | 605 M | 605 M | 605 M | 605 M | 692 M | 692 M | 692 M | 692 M | 692 M | 692 M | 692 M | 692 M | 537 M | 488 M |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of ADTRAN, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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