AVYA · Avaya Holdings Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Revenue | $2.49B | $2.97B | $2.87B | $2.89B | - |
| Cost of Revenue | $1.32B | $1.32B | $1.29B | $1.31B | - |
| Gross Profit | $1.17B | $1.65B | $1.58B | $1.57B | - |
| R&D | $222.00M | $228.00M | $207.00M | $204.00M | - |
| SG&A | $964.00M | $1.05B | $1.01B | $1.00B | - |
| Total Operating Expenses | $3.05B | $1.47B | $2.04B | $2.05B | - |
| D&A | $408.00M | $425.00M | $423.00M | $443.00M | - |
| Operating Income | ($1.88B) | $180.00M | ($455.00M) | ($473.00M) | - |
| Interest Expense | $224.00M | $222.00M | $226.00M | $237.00M | - |
| Income Tax | $47.00M | $15.00M | $62.00M | $2.00M | - |
| Net Income | ($2.10B) | ($13.00M) | ($680.00M) | ($671.00M) | - |
| EPS - Basic | ($24.42) | ($7.45) | - | ($6.06) | - |
| EPS - Diluted | ($24.42) | ($7.45) | - | ($6.06) | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Cash & Equivalents | $253.00M | $498.00M | $727.00M | $752.00M | $700.00M |
| Accounts Receivable | $322.00M | $307.00M | $275.00M | $314.00M | $377.00M |
| Inventory | $74.00M | $51.00M | $54.00M | $63.00M | $81.00M |
| Accounts Payable | $263.00M | $295.00M | $242.00M | $291.00M | $266.00M |
| Current Assets | $1.64B | $1.59B | $1.58B | $1.54B | $1.33B |
| Total Assets | $4.07B | $5.99B | $6.23B | $6.95B | $7.68B |
| Current Liabilities | $1.03B | $1.10B | $1.14B | $1.10B | $1.12B |
| Long-term Debt | $3.03B | $2.81B | $2.89B | $3.09B | $3.10B |
| Total Liabilities | $5.24B | $5.46B | $5.87B | $5.65B | $5.63B |
| Stockholders' Equity | ($1.30B) | $392.00M | $236.00M | $1.30B | $2.05B |
| Retained Earnings | ($3.08B) | ($985.00M) | ($969.00M) | ($289.00M) | $287.00M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($312.00M) | $30.00M | $147.00M | $241.00M | - |
| Investing Cash Flow | ($108.00M) | ($117.00M) | $314.00M | ($124.00M) | - |
| Financing Cash Flow | $406.00M | ($142.00M) | ($489.00M) | ($61.00M) | - |
| CapEx | $108.00M | $106.00M | $98.00M | $113.00M | - |
| Free Cash Flow | ($420.00M) | ($76.00M) | $49.00M | $128.00M | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 47.0% | 55.5% | 55.0% | 54.6% | - |
| Operating margin | -75.5% | 6.1% | -15.8% | -16.4% | - |
| EBITDA margin | -59.1% | 20.3% | -1.1% | -1.0% | - |
| Net margin | -84.2% | -0.4% | -23.7% | -23.2% | - |
| Free cash flow margin | -16.9% | -2.6% | 1.7% | 4.4% | - |
| FCF / Net income | 0.20 | 5.85 | -0.07 | -0.19 | - |
| R&D / Revenue | 8.9% | 7.7% | 7.2% | 7.1% | - |
| SG&A / Revenue | 38.7% | 35.4% | 35.3% | 34.7% | - |
| Effective tax rate | - | 750.0% | - | - | - |
| Return on assets | -51.5% | -0.2% | -10.9% | -9.7% | - |
| Return on equity | 161.0% | -3.3% | -288.1% | -51.6% | - |
| Return on invested capital | -85.8% | 2.8% | -11.5% | -8.5% | - |
| Liquidity | |||||
| Current ratio | 1.59 | 1.45 | 1.39 | 1.41 | 1.18 |
| Quick ratio | 1.52 | 1.40 | 1.34 | 1.35 | 1.11 |
| Cash ratio | 0.25 | 0.45 | 0.64 | 0.68 | 0.62 |
| Leverage | |||||
| Debt / Equity | -2.33 | 7.18 | 12.23 | 2.38 | 1.51 |
| Debt / Assets | 0.74 | 0.47 | 0.46 | 0.44 | 0.40 |
| Debt / EBITDA | - | 4.65 | - | - | - |
| Interest coverage | -8.4x | 0.8x | -2.0x | -2.0x | - |
| Equity multiplier | -3.13 | 15.27 | 26.40 | 5.35 | 3.74 |
| Liabilities / Assets | 1.29 | 0.91 | 0.94 | 0.81 | 0.73 |
| Efficiency | |||||
| Asset turnover | 0.61 | 0.50 | 0.46 | 0.42 | - |
| Inventory turnover | 17.84 | 25.94 | 23.94 | 20.83 | - |
| Days sales outstanding | 47d | 38d | 35d | 40d | - |
| Days inventory outstanding | 20d | 14d | 15d | 18d | - |
| Days payable outstanding | 73d | 81d | 68d | 81d | - |
| Cash conversion cycle | -5d | -30d | -18d | -24d | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | -16.2% | 3.5% | -0.5% | - | - |
| Revenue CAGR (3y) | -4.8% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | -29.1% | 4.4% | 0.3% | - | - |
| Operating income growth (YoY) | - | - | 3.8% | - | - |
| Net income growth (YoY) | -16023.1% | 98.1% | -1.3% | - | - |
| EPS growth (YoY) | -227.8% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | -452.6% | - | -61.7% | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | - | 66.1% | -81.8% | -36.6% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-09-30.
Business segments
$2.49B totalServices$1.71B · 68.8%
Productsand Solutions$777.00M · 31.2%
Product / service
$2.49B totalService$1.71B · 68.8%
Product$777.00M · 31.2%
Geographic
$1.15B totalUS$406.00M · 35.4%
Non Us$371.00M · 32.3%
EMEA$214.00M · 18.6%
Asia Pacific$93.00M · 8.1%
Americas International Canada And Latin America$64.00M · 5.6%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-1.46
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Avaya Holdings Corp. against the 5 most active filers in the same SIC group.