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AeroVironment AVAV Unmanned Aircraft Systems — Product Warranty Expense

Discontinued — last reported Q4 '20

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ACMRProduct Warranty Accrual Utilized
$1.79M-16.6%

Other financials

Income statement

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Revenue$408.0M+143%
Gross profit$98.8M+56.3%
Operating income-$179.0M-5,700%
Net income-$156.6M-8,825%
EPS (diluted)-$3.15-5,150%

Balance sheet

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Cash & equivalents$289.9M+517%
Total debt$826.0M+1,296%
Total equity$574.5M-4.2%
Total assets$5.5B+420%

Cash flow

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Operating cash flow-$5.1M+80.2%
CapEx$12.6M+228%
Free cash flow-$17.7M+40.2%

Valuation

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Market cap$8.58B+174%
Enterprise value$9.12B+183%
P/S5.3×+1.1×

Profitability

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Gross margin24.7%-14.8pp
Operating margin-16.4%-20.9pp
Net margin-13.9%-18.4pp
FCF margin-14.2%-29.6pp

Returns & leverage

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Return on equity-24.8%
Debt / equity0.3×-0.1×
Current ratio5.5×+1.3×

Where this comes from

Reported directly by AeroVironment in its filing.

Tagged under the XBRL concept us-gaap:ProductWarrantyExpense.

The official record: AeroVironment’s 10-K, filed June 29, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does unmanned aircraft systems — product warranty expense mean?
The total expense recognized in the income statement for product warranties related to the Unmanned Aircraft Systems segment. This captures the actual costs incurred or the provision made for future claims during the period.