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AeroVironment AVAV Unmanned Aircraft Systems — Standard Product Warranty Accrual

Discontinued — last reported Q1 '18

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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:StandardProductWarrantyAccrual.

The official record: AeroVironment’s 10-Q, filed August 30, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does unmanned aircraft systems — standard product warranty accrual mean?
This metric represents the estimated liability recorded for future warranty obligations related to unmanned aircraft systems sold. It reflects management's assessment of potential product failures or maintenance requirements over the warranty period. High accruals may indicate quality control issues or more complex product deployments.