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Consolidated Statements of Loss - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Oct. 01, 2024
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Jun. 30, 2024
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue                          
Total Revenue   $ 242,852,000 $ 227,704,000 $ 225,991,000 $ 226,173,000       $ 452,164,000 $ 679,868,000 $ 922,720,000 $ 1,149,100,000 $ 1,025,536,000
Cost of Revenue                          
Total Cost of Revenue   153,296,000 144,670,000 144,732,000 155,858,000       300,590,000 445,260,000 598,556,000 817,973,000 698,284,000
Gross Profit   89,556,000 83,034,000 81,259,000 70,315,000       151,574,000 234,608,000 324,164,000 331,127,000 327,252,000
Selling, general and administrative expenses   57,013,000 57,550,000 59,364,000 58,991,000       118,355,000 175,905,000 232,918,000 258,610,000 208,889,000
Research and development expenses   49,314,000 51,577,000 60,352,000 60,215,000       120,567,000 172,144,000 221,458,000 258,311,000 173,757,000
Asset impairment                     0 0 17,433,000
Goodwill impairment $ 0 0 0 0 297,353,000       297,353,000 297,353,000 297,353,000 37,874,000 0
Operating Loss   (16,771,000) (26,093,000) (38,457,000) (346,244,000)       (384,701,000) (410,794,000) (427,565,000) (223,668,000) (72,827,000)
Interest and dividend income   1,631,000 664,000 366,000 397,000       763,000 1,427,000 3,058,000 2,340,000 2,123,000
Interest expense   (4,870,000) (5,679,000) (6,906,000) (4,598,000)       (11,504,000) (17,183,000) (22,053,000) (16,299,000) (3,437,000)
Net investment gain (loss)   (920,000) 1,382,000 872,000 2,253,000       3,125,000 4,507,000 3,587,000 2,754,000 (11,339,000)
Other income, net   687,000 (850,000) (901,000) 1,310,000       409,000 (441,000) 246,000 1,266,000 14,517,000
Loss Before Income Taxes   (20,243,000) (30,576,000) (45,026,000) (346,882,000)       (391,908,000) (422,484,000) (442,727,000) (233,607,000) (70,963,000)
Income tax (expense) benefit   (23,461,000) (390,000) (2,136,000) 18,647,000       16,511,000 16,121,000 (7,340,000) (28,299,000) 62,075,000
Net Loss   (43,704,000) (30,966,000) (47,162,000) (328,235,000) $ (800,000) $ (100,000) $ (0) (375,397,000) (406,363,000) (450,067,000) (261,906,000) (8,888,000)
Net Income (Loss) attributable to non-controlling interest   2,407,000 2,382,000 2,505,000 2,530,000       5,035,000 7,417,000 9,824,000 [1],[2] 6,946,000 [1],[3] (6,851,000) [1]
Net Loss attributable to ADTRAN Holdings, Inc.   $ (46,111,000) $ (33,348,000) $ (49,667,000) $ (330,765,000)       $ (380,432,000) $ (413,780,000) $ (459,891,000) $ (268,852,000) $ (2,037,000)
Weighted average shares outstanding – basic   79,091 78,952 78,852 78,814       78,803 78,873 78,928 78,416 62,346
Weighted average shares outstanding – diluted   79,091 78,952 78,852 78,814       78,803 78,873 78,928 78,416 62,346
Loss per common share attributable to ADTRAN Holdings, Inc. - basic   $ (0.58) $ (0.38) $ (0.63) $ (4.2)       $ (4.83) $ (5.21) $ (5.79) [4] $ (3.43) $ (0.03)
Loss per common share attributable to ADTRAN Holdings, Inc. - diluted   $ (0.58) $ (0.38) $ (0.63) $ (4.2)       $ (4.83) $ (5.21) $ (5.79) [4] $ (3.43) $ (0.03)
Network Solutions [Member]                          
Revenue                          
Total Revenue   $ 197,009,000 $ 181,488,000 $ 179,194,000 $ 181,273,000       $ 360,467,000 $ 541,955,000 $ 738,964,000 $ 974,389,000 $ 916,793,000
Cost of Revenue                          
Total Cost of Revenue   135,861,000 128,320,000 124,773,000 128,266,000       253,039,000 381,359,000 517,220,000 724,518,000 647,105,000
Gross Profit                     213,147,000 225,558,000 269,688,000
Goodwill impairment         297,400,000                
Network Solutions - Inventory Write-Down and Other Changes [Member]                          
Cost of Revenue                          
Total Cost of Revenue         8,782,000           8,597,000 24,313,000 0
Services & Support [Member]                          
Revenue                          
Total Revenue   45,843,000 46,216,000 46,797,000 44,900,000       91,697,000 137,913,000 183,756,000 174,711,000 108,743,000
Cost of Revenue                          
Total Cost of Revenue   $ 17,435,000 $ 16,678,000 $ 19,816,000 18,810,000       $ 38,626,000 $ 55,304,000 72,739,000 69,142,000 51,179,000
Gross Profit                     $ 111,017,000 105,569,000 $ 57,564,000
Goodwill impairment         $ 0             $ 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] 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
[3] For the year ended December 31, 2023, we have recognized $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 for the year ended December 31, 2023.
[4] 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.