Financial Statements for Avid Technology, Inc.

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Avid Technology, Inc. financials

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Income Statement

Balance Sheet

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In Millions of USD (except for per share items)	3 months ending 2012-09-30	6 months ending 2012-06-30	3 months ending 2012-03-31	3 months ending 2011-12-31	3 months ending 2011-09-30
Revenue	125.37	312.42	152.14	184.80	164.70
Other Revenue, Total	1.81	-2.85	0.00	-	0.00
Total Revenue	127.17	309.57	152.14	184.80	164.70
Cost of Revenue, Total	59.52	156.19	74.58	85.36	76.33
Gross Profit	65.84	156.23	77.56	99.44	88.36
Selling/General/Admin. Expenses, Total	47.17	118.18	60.82	61.73	58.91
Research & Development	23.10	54.38	27.48	28.72	28.96
Depreciation/Amortization	0.78	2.72	1.61	2.06	2.16
Interest Expense(Income) - Net Operating	-	-	-	-	-
Unusual Expense (Income)	13.00	28.34	-0.08	8.77	2.71
Other Operating Expenses, Total	-	-	-	-	-
Total Operating Expense	143.57	359.80	164.40	186.65	169.07
Operating Income	-16.40	-50.23	-12.26	-1.85	-4.38
Interest Income(Expense), Net Non-Operating	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Other, Net	0.04	0.03	0.02	-0.20	0.04
Income Before Tax	-16.72	-50.80	-12.46	-2.35	-4.88
Income After Tax	-17.39	-52.23	-12.98	-0.03	-7.55
Minority Interest	-	-	-	-	-
Equity In Affiliates	-	-	-	-	-
Net Income Before Extra. Items	-17.39	-52.23	-12.98	-0.03	-7.55
Accounting Change	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Net Income	-17.39	-52.23	-12.98	-0.03	-7.55
Preferred Dividends	-	-	-	-	-
Income Available to Common Excl. Extra Items	-17.39	-52.23	-12.98	-0.03	-7.55
Income Available to Common Incl. Extra Items	-17.39	-52.23	-12.98	-0.03	-7.55
Basic Weighted Average Shares	-	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-	-
Dilution Adjustment	0.00	0.00	0.00	0.00	0.00
Diluted Weighted Average Shares	38.86	38.67	38.66	38.58	38.51
Diluted EPS Excluding Extraordinary Items	-0.45	-1.35	-0.34	0.00	-0.20
Diluted EPS Including Extraordinary Items	-	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-	-
Depreciation, Supplemental	-	-	-	-	-
Total Special Items	-	-	-	-	-
Normalized Income Before Taxes	-	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-	-
Normalized Income After Taxes	-	-	-	-	-
Normalized Income Avail to Common	-	-	-	-	-
Basic Normalized EPS	-	-	-	-	-
Diluted Normalized EPS	-0.23	-0.86	-0.33	0.15	-0.15

In Millions of USD (except for per share items)	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31	12 months ending 2008-12-31
Revenue	677.03	679.74	628.97	844.90
Other Revenue, Total	-	-	-	-
Total Revenue	677.03	679.74	628.97	844.90
Cost of Revenue, Total	319.70	329.77	305.15	450.60
Gross Profit	357.34	349.97	323.82	394.30
Selling/General/Admin. Expenses, Total	240.78	242.53	234.69	287.33
Research & Development	118.11	120.44	120.99	148.60
Depreciation/Amortization	8.53	9.74	10.51	12.85
Interest Expense(Income) - Net Operating	-	-	-	-
Unusual Expense (Income)	10.76	13.85	27.52	143.97
Other Operating Expenses, Total	-	-	-	-
Total Operating Expense	697.88	716.34	698.85	1,043.35
Operating Income	-20.84	-36.60	-69.88	-198.45
Interest Income(Expense), Net Non-Operating	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-
Other, Net	-0.16	0.30	-0.07	0.07
Income Before Tax	-22.79	-37.11	-70.01	-195.51
Income After Tax	-23.51	-38.91	-68.36	-198.18
Minority Interest	-	-	-	-
Equity In Affiliates	-	-	-	-
Net Income Before Extra. Items	-23.51	-38.91	-68.36	-198.18
Accounting Change	-	-	-	-
Discontinued Operations	-	-	-	-
Extraordinary Item	-	-	-	-
Net Income	-23.51	-38.91	-68.36	-198.18
Preferred Dividends	-	-	-	-
Income Available to Common Excl. Extra Items	-23.51	-38.91	-68.36	-198.18
Income Available to Common Incl. Extra Items	-23.51	-38.91	-68.36	-198.18
Basic Weighted Average Shares	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-
Dilution Adjustment	0.00	0.00	0.00	0.00
Diluted Weighted Average Shares	38.44	37.90	37.29	37.56
Diluted EPS Excluding Extraordinary Items	-0.61	-1.03	-1.83	-5.28
Diluted EPS Including Extraordinary Items	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-
Depreciation, Supplemental	-	-	-	-
Total Special Items	-	-	-	-
Normalized Income Before Taxes	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-
Normalized Income After Taxes	-	-	-	-
Normalized Income Avail to Common	-	-	-	-
Basic Normalized EPS	-	-	-	-
Diluted Normalized EPS	-0.43	-0.79	-1.35	-2.79

In Millions of USD (except for per share items)	As of 2012-09-30	As of 2012-06-30	As of 2012-03-31	As of 2011-12-31	As of 2011-09-30
Cash & Equivalents	71.36	59.38	49.68	32.85	33.65
Short Term Investments	-	-	-	-	-
Cash and Short Term Investments	71.36	59.38	49.68	32.85	33.65
Accounts Receivable - Trade, Net	75.07	89.18	87.51	104.31	92.90
Receivables - Other	-	-	-	-	-
Total Receivables, Net	75.07	89.18	87.51	104.31	92.90
Total Inventory	80.44	77.03	103.67	111.40	126.03
Prepaid Expenses	7.62	8.58	9.90	7.65	6.60
Other Current Assets, Total	17.78	30.35	14.76	15.88	16.15
Total Current Assets	252.26	264.52	265.52	272.09	275.33
Property/Plant/Equipment, Total - Gross	186.93	196.36	193.55	189.74	191.51
Accumulated Depreciation, Total	-143.11	-147.38	-141.34	-136.26	-134.44
Goodwill, Net	238.55	238.34	246.88	246.59	246.66
Intangibles, Net	9.64	11.00	16.39	18.52	21.33
Long Term Investments	-	-	-	-	-
Other Long Term Assets, Total	9.69	8.50	9.53	11.57	10.79
Total Assets	553.97	571.33	590.53	602.26	611.16
Accounts Payable	36.31	38.99	37.19	42.53	35.09
Accrued Expenses	64.60	72.43	55.38	66.86	60.75
Notes Payable/Short Term Debt	0.00	0.00	0.00	0.00	13.00
Current Port. of LT Debt/Capital Leases	-	-	-	-	-
Other Current liabilities, Total	67.15	67.89	66.16	54.72	57.32
Total Current Liabilities	168.06	179.32	158.73	164.11	166.16
Long Term Debt	-	-	-	-	-
Capital Lease Obligations	-	-	-	-	-
Total Long Term Debt	0.00	0.00	0.00	0.00	0.00
Total Debt	0.00	0.00	0.00	0.00	13.00
Deferred Income Tax	2.22	2.19	1.78	1.75	2.15
Minority Interest	-	-	-	-	-
Other Liabilities, Total	34.36	27.52	27.34	26.13	27.91
Total Liabilities	204.64	209.02	187.85	191.99	196.22
Redeemable Preferred Stock, Total	-	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-	-
Common Stock, Total	0.42	0.42	0.42	0.42	0.42
Additional Paid-In Capital	1,025.64	1,024.08	1,021.88	1,019.20	1,015.77
Retained Earnings (Accumulated Deficit)	-606.91	-588.43	-547.58	-532.48	-524.72
Treasury Stock - Common	-76.69	-78.01	-79.90	-82.30	-83.61
Other Equity, Total	6.86	4.24	7.85	5.43	7.08
Total Equity	349.32	362.31	402.68	410.27	414.94
Total Liabilities & Shareholders' Equity	553.97	571.33	590.53	602.26	611.16
Shares Outs - Common Stock Primary Issue	-	-	-	-	-
Total Common Shares Outstanding	38.93	38.60	38.60	38.60	38.61

In Millions of USD (except for per share items)	As of 2011-12-31	As of 2010-12-31	As of 2009-12-31	As of 2008-12-31
Cash & Equivalents	32.85	42.78	91.52	121.79
Short Term Investments	-	-	17.36	25.90
Cash and Short Term Investments	32.85	42.78	108.88	147.69
Accounts Receivable - Trade, Net	104.31	102.63	79.74	103.53
Receivables - Other	-	-	-	-
Total Receivables, Net	104.31	102.63	79.74	103.53
Total Inventory	111.40	106.78	77.24	95.75
Prepaid Expenses	7.65	7.69	7.79	9.27
Other Current Assets, Total	15.88	16.46	23.29	34.70
Total Current Assets	272.09	276.34	296.94	390.94
Property/Plant/Equipment, Total - Gross	189.74	-	167.24	153.60
Accumulated Depreciation, Total	-136.26	-	-130.02	-115.28
Goodwill, Net	246.59	247.00	227.19	225.38
Intangibles, Net	20.67	29.75	29.23	38.14
Long Term Investments	-	-	-	-
Other Long Term Assets, Total	9.42	10.54	20.45	10.80
Total Assets	602.26	626.15	611.04	703.59
Accounts Payable	42.53	47.10	30.23	29.42
Accrued Expenses	66.86	80.18	80.87	91.86
Notes Payable/Short Term Debt	0.00	0.00	0.00	0.00
Current Port. of LT Debt/Capital Leases	-	-	-	-
Other Current liabilities, Total	54.72	54.00	42.34	77.83
Total Current Liabilities	164.11	181.28	153.44	199.11
Long Term Debt	-	-	-	-
Capital Lease Obligations	-	-	-	-
Total Long Term Debt	0.00	0.00	0.00	0.00
Total Debt	0.00	0.00	0.00	0.00
Deferred Income Tax	1.75	-	2.52	4.00
Minority Interest	-	-	-	-
Other Liabilities, Total	26.13	24.68	11.96	7.82
Total Liabilities	192.00	205.95	167.92	210.93
Redeemable Preferred Stock, Total	-	-	0.00	-
Preferred Stock - Non Redeemable, Net	-	-	-	-
Common Stock, Total	0.42	0.42	0.42	0.42
Additional Paid-In Capital	1,019.20	1,006.03	992.49	980.56
Retained Earnings (Accumulated Deficit)	-532.48	-503.49	-444.66	-365.43
Treasury Stock - Common	-82.30	-91.03	-112.39	-124.85
Other Equity, Total	5.42	8.25	7.26	1.95
Total Equity	410.27	420.20	443.12	492.65
Total Liabilities & Shareholders' Equity	602.26	626.15	611.04	703.59
Shares Outs - Common Stock Primary Issue	-	-	-	-
Total Common Shares Outstanding	38.60	38.17	37.49	37.13

In Millions of USD (except for per share items)	9 months ending 2012-09-30	6 months ending 2012-06-30	3 months ending 2012-03-31	12 months ending 2011-12-31
Net Income/Starting Line	-69.62	-52.23	-12.98	-23.79
Depreciation/Depletion	20.91	16.18	7.57	31.98
Amortization	-	-	-	-
Deferred Taxes	0.82	0.82	0.37	-1.66
Non-Cash Items	23.88	19.71	5.42	17.25
Changes in Working Capital	54.96	47.84	18.56	-22.91
Cash from Operating Activities	30.95	32.33	18.96	0.86
Capital Expenditures	-6.66	-5.24	-3.59	-10.77
Other Investing Cash Flow Items, Total	13.50	-0.16	1.32	-1.10
Cash from Investing Activities	6.84	-5.40	-2.27	-11.87
Financing Cash Flow Items	-	-	-	0.00
Total Cash Dividends Paid	-	-	-	-
Issuance (Retirement) of Stock, Net	0.16	0.08	-0.17	2.03
Issuance (Retirement) of Debt, Net	0.00	0.00	0.00	0.00
Cash from Financing Activities	0.16	0.08	-0.17	2.03
Foreign Exchange Effects	0.55	-0.49	0.31	-0.95
Net Change in Cash	38.50	26.53	16.83	-9.93
Cash Interest Paid, Supplemental	-	-	-	1.80
Cash Taxes Paid, Supplemental	4.07	0.96	0.79	3.80

In Millions of USD (except for per share items)	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31	12 months ending 2008-12-31
Net Income/Starting Line	-23.79	-36.95	-68.36	-198.18
Depreciation/Depletion	31.98	33.48	32.13	42.84
Amortization	-	-	-	-
Deferred Taxes	-1.66	-1.16	-1.63	-4.17
Non-Cash Items	17.25	10.55	18.35	135.12
Changes in Working Capital	-22.91	-18.59	6.04	34.54
Cash from Operating Activities	0.86	-12.67	-13.47	10.15
Capital Expenditures	-10.77	-28.89	-18.69	-15.44
Other Investing Cash Flow Items, Total	-1.10	-5.67	-1.27	14.23
Cash from Investing Activities	-11.87	-34.57	-19.95	-1.21
Financing Cash Flow Items	0.00	-1.13	-0.53	-0.39
Total Cash Dividends Paid	-	-	-	-
Issuance (Retirement) of Stock, Net	2.03	0.74	0.65	-92.05
Issuance (Retirement) of Debt, Net	0.00	0.00	0.00	0.00
Cash from Financing Activities	2.03	-0.40	0.12	-92.44
Foreign Exchange Effects	-0.95	-1.10	3.03	-3.33
Net Change in Cash	-9.93	-48.73	-30.27	-86.83
Cash Interest Paid, Supplemental	1.80	0.80	0.90	0.60
Cash Taxes Paid, Supplemental	3.80	2.30	4.30	5.50