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Consolidated Statements of Loss - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue      
Total Revenue $ 922,720,000 $ 1,149,100,000 $ 1,025,536,000
Cost of Revenue      
Total Cost of Revenue 592,406,000 816,037,000 698,284,000
Gross Profit 330,314,000 333,063,000 327,252,000
Selling, general and administrative expenses 233,369,000 258,149,000 208,889,000
Research and development expenses 221,463,000 258,311,000 173,757,000
Asset impairment 0 0 17,433,000
Goodwill impairment 292,583,000 37,874,000 0
Operating Loss (417,101,000) (221,271,000) (72,827,000)
Interest and dividend income 3,058,000 2,340,000 2,123,000
Interest expense (22,053,000) (16,299,000) (3,437,000)
Net investment gain (loss) 3,587,000 2,754,000 (11,339,000)
Other income, net 246,000 1,266,000 14,517,000
Loss Before Income Taxes (432,263,000) (231,210,000) (70,963,000)
Income tax (expense) benefit (8,785,000) (28,133,000) 62,075,000
Net Loss (441,048,000) (259,343,000) (8,888,000)
Net Income (Loss) attributable to non-controlling interest [1] 9,824,000 6,946,000 (6,851,000)
Net Loss attributable to ADTRAN Holdings, Inc. $ (450,872,000) $ (266,289,000) $ (2,037,000)
Weighted average shares outstanding – basic 78,928 78,416 62,346
Weighted average shares outstanding – diluted 78,928 78,416 62,346
Loss per common share attributable to ADTRAN Holdings, Inc. - basic $ (5.67) [2] $ (3.39) $ (0.03)
Loss per common share attributable to ADTRAN Holdings, Inc. - diluted $ (5.67) [2] $ (3.39) $ (0.03)
Network Solutions [Member]      
Revenue      
Total Revenue $ 738,964,000 $ 974,389,000 $ 916,793,000
Cost of Revenue      
Total Cost of Revenue 511,070,000 722,582,000 647,105,000
Gross Profit 219,297,000 227,494,000 269,688,000
Network Solutions - Charges and Inventory Write-Down [Member]      
Cost of Revenue      
Total Cost of Revenue 8,597,000 24,313,000 0
Services & Support [Member]      
Revenue      
Total Revenue 183,756,000 174,711,000 108,743,000
Cost of Revenue      
Total Cost of Revenue 72,739,000 69,142,000 51,179,000
Gross Profit $ 111,017,000 105,569,000 $ 57,564,000
Goodwill impairment   $ 37,900,000  
[1] For the year ended December 31, 2024 we accrued $9.8 million of net income attributable to non-controlling interest, representing the recurring cash compensation earned by non-controlling interest shareholders post-DPLTA. For the year ended December 31, 2023, we accrued $10.1 million, representing the recurring cash compensation earned by non-controlling interest shareholders post-DPLTA, partially offset by a $3.2 million net loss attributable to non-controlling interests pre-DPLTA.12-24
[2] Loss per common share attributable to ADTRAN Holdings, Inc. - basic and diluted - reflects a $3.0 million effect of redemption of RNCI for the year ended December 31, 2024. See Note 19 for additional information.