AVID TECHNOLOGY, INC.

Delisted

CIK 896841fmd_0V7Z252RQDMDFAXQ3DX3E0QDKFServices · Services-Prepackaged SoftwareTemplate: Standard

Coverage: Jan 01, 2009 to Sep 30, 2023, 56 periods

Income Statement · Annual · Millions · USD
Line item	FY2013	FY2014	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022
Total revenues	563	530	506	512	419	413	412	360	410	417
Cost of revenue	224	204	197	179	177	174	163	132	144	143
Gross profit	340	326	308	333	242	239	249	228	266	274
Research and development	95	90	96	82	68	62	62	57	66	67
Selling, general and administrative	211	214	197	172	160	157	153	135	153	153
Total operating expenses	315	306	301	269	237	225	217	197	220	221
Operating income	25	20	7	64	5	14	32	32	46	54
Interest expense	2	2	6	19	20	23	27	20	7	9
Interest and investment income	1	0	0	0	1	0	0	0	0	0
Other non-operating income (expense)	0	(1)	(0)	0	1	0	(3)	1	5	1
Income before taxes	24	17	1	45	(13)	(9)	3	12	44	45
Income tax expense	3	2	(2)	(3)	0	1	(5)	1	3	(10)
Net income from continuing operations	21	15	2	48	(14)	(11)	8	11	41	55
Net income	21	15	2	48	(14)	(11)	8	11	41	55