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Inc. -Company Reports- ASCEND COMM INC Ticker Exchange Industry Type ASND NSDQ TELECOMM EQUIP Large Shares/ Outstanding Institutions Insiders 188.9 MM 36.65% 19.74%
ASCEND COMMUNICATIONS, INC. develops, manufactures, markets, sells and
supports a broad range of high-speed digital wide area network access
products. Co.'s products use bandwidth on demand to enhance and extend
existing corporate networks for applications such as videoconferencing
remote access, Internet access, bulk file transfer, imaging and
integrated voice, vidieo and data access. Co.'s products also used
bandwith on demand to provide automatic emergency backup and bandwith
capacity for peak- period overflow to complement private leased line,
frame relay and ATM networks. Rec Price P/E Mkt Cap Div Rate Yield Sales (12Mo) Sls Gr EPS Gr Div Gr Zacks Rank
$26.19ÿ 22.0ÿ $4946 MMÿ $0.00ÿ 0.0%ÿ $962 MMÿ 233%ÿ 193%ÿ ÿ SellÿPrice/Volume Data 52 Week High $78.75ÿ
52 Week Low $22.63ÿ
Price Change-Year To Date 6%ÿ
Year To Date(Relative To S & P 500) 11%ÿ
Average Daily Volume 6764 000sÿ
Beta 2.77ÿ Wall Street Recommendations ÿ Natl Retail Broker Inst Broker Reg Broker Total Z Indicator
Strong Buy 0ÿ 3ÿ 4ÿ 7ÿ 0ÿ
ÿ ÿ ÿ ÿ ÿ ÿ
Strong Buy Changes: ÿ ÿ ÿ ÿ ÿ
increase, 1 week ÿ ÿ ÿ ÿ ÿ
ÿ ÿ ÿ ÿ ÿ ÿ
Moderate Buy 0ÿ 3ÿ 5ÿ 8ÿ 0ÿ
ÿ ÿ ÿ ÿ ÿ ÿ
Mod Buy Changes: ÿ ÿ ÿ ÿ ÿ
increase, 1 week ÿ ÿ ÿ ÿ ÿ
decrease, 1 week ÿ ÿ ÿ ÿ ÿ
ÿ ÿ ÿ ÿ ÿ ÿ
Hold 3ÿ 7ÿ 2ÿ 12ÿ 0ÿ
ÿ ÿ ÿ ÿ ÿ ÿ
Hold Changes: ÿ ÿ ÿ ÿ ÿ
increase, 1 week ÿ ÿ ÿ ÿ ÿ
decrease, 1 week ÿ ÿ ÿ ÿ ÿ
ÿ ÿ ÿ ÿ ÿ ÿ
Moderate Sell 0ÿ 0ÿ 1ÿ 1ÿ 1ÿ
ÿ ÿ ÿ ÿ ÿ ÿ
Mod Sell Changes: ÿ ÿ ÿ ÿ ÿ
increase, 1 week ÿ ÿ ÿ ÿ ÿ
decrease, 1 week ÿ ÿ ÿ ÿ ÿ
ÿ ÿ ÿ ÿ ÿ ÿ
Strong Sell 0ÿ 1ÿ 0ÿ 1ÿ 0ÿ
ÿ ÿ ÿ ÿ ÿ ÿ
Strong Sell Changes: ÿ ÿ ÿ ÿ ÿ
decrease, 1 week ÿ ÿ ÿ ÿ ÿEstimates and actuals are both eps before extras and other
non-recurring items DISTRIBUTION OF EPS ESTIMATES HISTOGRAM AS OF
1/11/98 ASCEND COMM INC FY1 - 9712 FY2 - 9812 30 ESTS. 30 ESTS. O O O X X O X X X O X X XX X X X XX X XX X XX XX XX X XX XX XX XX XXX XX XX X O XX XXX X X X XX XX X !-----!-----!-----!-----! !-----!-----!-----!-----! 0.75 0.90 1.05 1.20 1.35 0.45 0.70 0.95 1.20 1.45 "X" = EPS ESTIMATE ($) "O" = THREE MOST RECENT ESTS. 12/97 QTR: ASCEND COMM INC 3/98 QTR: EXP.REPT: 1/16/98 EXP.REPT: 4/10/98 O O O X XX OX XX XX XXXX XX XX XXXX XX OXXO X XXXX XX X X X XXXX X !-----!-----!-----!-----! !-----!-----!-----!-----! 0.14 0.19 0.24 0.29 0.34 0.12 0.22 0.32 0.42 0.52 MEAN 0.23 (27) MEAN 0.25 (18) MOST ACC 0.23 ( 3) MOST ACC 0.25 ( 3)------------------------------------------------------------ Current EPS Estimates Period Ending Mean Est.($/SH) High Est.($/SH) Low Est.($/SH) Number Ests. Mean Change, Last Month ($)
Year Endingÿ 12/98ÿ 1.17ÿ 1.40ÿ 0.47ÿ 30ÿ -0.02ÿ
Year Endingÿ 12/97ÿ 1.05ÿ 1.18ÿ 0.76ÿ 30ÿ -0.02ÿ
VS Actualÿ 12/96ÿ 0.98ÿ ÿ ÿ ÿ ÿ
Quarter Endÿ 12/97ÿ 0.23ÿ 0.27ÿ 0.14ÿ 27ÿ -0.01ÿ
VS Actualÿ 12/96ÿ 0.32ÿ ÿ ÿ ÿ ÿ
Quarter Endÿ 03/98ÿ 0.25ÿ 0.34ÿ 0.12ÿ 18ÿ -0.01ÿ
VS Actualÿ 03/97ÿ 0.36ÿ ÿ ÿ ÿ ÿ
Next 5 Year Growth (%)ÿ ÿ 29.48ÿ 50.00ÿ 12.00ÿ 21ÿ 0.00ÿSurprise History Quarter Endÿ % Surprise Actual Estimate Std Dev # Analysts
12/97 N/Aÿ N/Aÿ 0.23ÿ 0.02ÿ 27ÿ
09/97 8.11ÿ 0.20ÿ 0.19ÿ 0.01ÿ 20ÿ
06/97 -12.58ÿ 0.31ÿ 0.35ÿ 0.02ÿ 26ÿFinancial History Year End Sales Net Income EPS ex NRI EPS Reported Dividends High Low
1997 N/Aÿ N/Aÿ N/Aÿ N/Aÿ N/Aÿ 70ÿ 25ÿ
1996 549ÿ 113ÿ 0.98ÿ 0.89ÿ N/Aÿ 71ÿ 39ÿ
1995 149ÿ 30ÿ 0.28ÿ 0.28ÿ N/Aÿ 41ÿ 6ÿEPS History Fiscal Year 1st Q 2nd Q 3rd Q 4th Q Year
1999ÿ 0.23Eÿ 0.25Eÿ 0.25Eÿ 0.27Eÿ 1.21Eÿ
1998ÿ 0.25Eÿ 0.27Eÿ 0.29Eÿ 0.33Eÿ 1.17Eÿ
1997ÿ 0.36ÿ 0.31ÿ 0.20ÿ 0.23Eÿ 1.05Eÿ Company vs Industry ÿ --- EPS Growth Rates ---ÿ
ÿ Last 5 Yrs Actual (%)ÿ 97/96 (%)ÿ 98/97 (%)ÿ Nxt 5 Yrs (%)ÿ P/E on 97 EPSÿ
Companyÿ N/Aÿ 7.1ÿ 11.1ÿ 29.5ÿ 25.0ÿ
Ind: (TELECOMM EQUIP)ÿ 29.1ÿ 11.7ÿ 31.1ÿ 27.3ÿ 32.6ÿ
(Ind Group #279)ÿ ÿ ÿ ÿ ÿ ÿ
S&P 500ÿ 12.6ÿ 12.4ÿ 6.6ÿ 7.1ÿ 20.5ÿ
Comp VS Indÿ N/Aÿ -4.6ÿ -20.0ÿ 2.2ÿ -7.6ÿ
Comp VS S&Pÿ N/Aÿ -5.3ÿ 4.5ÿ 22.4ÿ 4.5ÿ Company Ratios: Current vs History ÿ Currentÿ 5-YearÿAvgÿ
P/E (12 Mo)ÿ 22.0ÿ 75.2ÿ
Rel P/Eÿ 104%ÿ ÿ
Net Marginÿ 7%ÿ 18.2%ÿ
ROEÿ 26.2%ÿ 25.9%ÿ
LT Debt/Capÿ 0%ÿ 0%ÿCompany vs Industry Ratios ÿ ASCEND COMM INCÿ INDUSTRY AVGÿ S&P 500ÿ
Pr Chg YTDÿ 6%ÿ ÿ -4%ÿ
P/Eÿ(12Mo)ÿ 22.0ÿ 23.0ÿ 21.1ÿ
Price/Bookÿ 5.6ÿ 2.6ÿ 5.3ÿ
Price/Salesÿ 5.1ÿ ÿ ÿ
Price/CFÿ 21.9ÿ 15.4ÿ ÿ
Impl Ret/ÿP/Eÿ 1.34ÿ 1.16ÿ ÿ
Div Yieldÿ 0.0%ÿ 0.0%ÿ 1.7%ÿ
Net Marginÿ 7.0%ÿ 7.2%ÿ ÿ
ROEÿ 26%ÿ 13%ÿ 23%ÿ
Debt/Capÿ 0%ÿ ÿ ÿ* Ranked 114/149 in TELECOMM EQUIP. TELECOMM EQUIP Ranked 66/211. Zacks
Company Report was last updated 01/12/98.ASCEND COMM INCAnnual Statement
of Cash Flow (in Millions, except EPS data) Fiscal Year End for ASCEND
COMM INC(ASND ) falls in the month of December.12/31/96 12/31/95 12/31/94 12/31/93 12/31/92
Sources of Funds
Net Income (Loss) 113.11 30.57 8.70 1.35 (3.77)
Depreciation & Depletion 8.80 2.11 0.62 0.40 0.37
Net Change Assets/Liabilities (45.83) (14.31) (2.63) (1.65) (0.98)
Net Cash from Discontinued Operations 0.00 0.00 0.00 N/A N/A
Other Adjustments from Operations (21.55) (4.33) (0.69) N/A 0.04
NET CASH Operational Activities 54.53 14.05 6.00 0.10 (4.33)
Increase/Decease in PP&E (38.70) (8.90) (1.86) (0.25) (0.36)
Acquisition/Disposition of Subsidaries 2.20 0.00 0.00 N/A N/A
Increase/Decrease Investsments (52.59) (113.41) (24.21) (2.76) (1.97)
Other Adjustments & Investments (net) 0.00 0.00 0.00 N/A N/A
NET CASH Investment Activities (89.10) (122.32) (26.08) (3.02) (2.34)
Uses of Funds
Equity Issue (Purchase) 0.00 213.85 25.40 0.07 7.58
Debt (Repay) Issue 0.00 0.00 0.00 N/A N/A
Increase (Decrease) Borrowings 103.62 0.00 (0.24) (0.25) (0.29)
Dividend Payments & Other Distributions 0.00 0.00 0.00 N/A N/A
Other Adjustments & Financial Activities (net) (2.13) 8.05 0.00 N/A N/A
NET CASH Financial Activities 101.49 221.90 25.15 (0.17) 7.29
Exchange Rates Effect 0.00 0.00 0.00 N/A N/A
NET CHANGE in Cash & Equivalents 66.92 113.64 5.07 (3.10) 0.63
Cash and Equivalents
Beginning Balance 147.05 6.60 1.53 4.62 4.00
End Balance 213.97 120.24 6.60 1.53 4.62
Primary EPS 1.02 0.29 0.09 N/A N/ALast updated Dec 11, 1997. c Zacks Investment Research, Inc. 1997
ASCEND COMM INCQuarterly Risk Rating/Bankruptcy Fiscal Year End for
ASCEND COMM INC(ASND ) falls in the month of December.9/30/97 6/30/97 3/31/97 12/31/96 9/30/96 6/30/96 3/31/96 12/31/95
Growth Rates
Net ROA % 3.49 (4.31) 4.78 6.30 4.81 6.91 5.39 4.38
Long Term Debt Growth (YTY %) N/A N/A N/A N/A N/A N/A N/A N/A
Asset Growth (YTY %) 1.57 54.21 12.62 25.99 20.06 10.93 15.81 13.04
Components of Net Liquidated Value
Cash @ 100% 242.60 339.64 241.89 213.97 167.37 128.01 128.65 120.24
Marketable Securities @ 98% 259.58 218.07 180.75 156.00 129.58 102.04 81.99 89.03
Reseivables @ 90% 212.83 213.47 104.48 92.83 80.58 59.42 37.47 27.50
Other Current Assets @ 80% 68.98 60.29 43.77 37.41 18.76 11.34 8.77 6.44
Inventory @ 50% 62.57 48.47 25.39 24.62 21.19 26.90 25.01 12.43
Net Plant @ 25% 26.06 22.39 11.78 10.01 6.50 4.50 3.47 2.23
Subtotal 872.61 902.33 608.07 534.84 423.98 332.21 285.36 257.86
- Current Liabilities (100%) 255.63 298.98 107.81 104.42 54.36 51.10 60.53 39.32
616.98 603.35 500.26 430.42 369.62 281.12 224.83 218.54
- Long Term Debt (100%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
616.98 603.35 500.26 430.42 369.62 281.12 224.83 218.54
- Other Liabilities (100%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
616.98 603.35 500.26 430.42 369.62 281.12 224.83 218.54
Net of Liabilities 616.98 603.35 500.26 430.42 369.62 281.12 224.83 218.54
- Preferred Stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
= Net Liquid Value 616.98 603.35 500.26 430.42 369.62 281.12 224.83 218.54
Primary Shares 199.84 188.39 129.54 130.01 123.09 123.49 121.68 119.62
NET Liquid Value per Share 3.09 3.20 3.86 3.31 3.00 2.28 1.85 1.83Last updated Dec 11, 1997. c Zacks Investment Research, Inc. 1997
ASCEND COMM INCAnnual Risk Rating/Bankruptcy Fiscal Year End for ASCEND
COMM INC(ASND ) falls in the month of December.12/31/96 12/31/95 12/31/94 12/31/93 12/31/92 12/31/91
Growth Rates
Net ROA % 17.35 9.11 16.33 10.89 (37.54) N/A
Long Term Debt Growth (YTY %) N/A N/A N/A N/A N/A N/A
Asset Growth (YTY %) 94.33 529.69 329.89 23.52 N/A N/A
Components of Net Liquidated Value
Cash @ 100% 213.97 120.24 6.60 1.53 4.62 N/A
Marketable Securities @ 98% 156.00 89.03 28.37 4.64 1.93 N/A
Reseivables @ 90% 92.83 27.50 7.01 3.27 1.50 N/A
Other Current Assets @ 80% 37.41 6.44 1.82 0.17 0.09 N/A
Inventory @ 50% 24.62 12.43 2.63 0.61 0.35 N/A
Net Plant @ 25% 10.01 2.23 0.54 0.22 0.21 N/A
Subtotal 534.84 257.86 46.96 10.44 8.71 N/A
- Current Liabilities (100%) 104.42 39.32 9.51 2.52 1.50 N/A
430.42 218.54 37.45 7.92 7.21 N/A
- Long Term Debt (100%) 0.00 0.00 0.00 0.00 0.00 N/A
430.42 218.54 37.45 7.92 7.21 N/A
- Other Liabilities (100%) 0.00 0.00 0.11 0.32 0.39 N/A
430.42 218.54 37.34 7.60 6.82 N/A
Net of Liabilities 430.42 218.54 37.34 7.60 6.82 N/A
- Preferred Stock 0.00 0.00 0.00 18.23 18.23 N/A
= Net Liquid Value 430.42 218.54 37.34 7.60 6.82 N/A
Primary Shares 127.81 108.98 92.80 82.15 8.38 N/A
NET Liquid Value per Share 3.37 2.01 0.40 0.09 0.81 N/ALast updated Dec 11, 1997. c Zacks Investment Research, Inc. 1997
ASCEND COMM INCAnnual ROE Decomposition Fiscal Year End for ASCEND COMM
INC(ASND ) falls in the month of December.12/31/96 12/31/95 12/31/94 12/31/93 12/31/92
(1) Net Sales 549.30 149.59 39.34 16.22 7.24
(2) Pretax Income 186.41 49.32 9.90 1.35 (3.77)
(3) Net Income 113.11 30.57 8.70 1.35 (3.77)
(3) Total Assets 651.87 335.45 53.27 12.39 10.03
(4) Shareholders Equity 547.45 296.13 43.65 9.56 8.14
Pretax Margin % (2/1) 33.94 32.97 25.18 8.32 (52.05)
x Tax Retent % (3/2) 60.68 61.99 87.82 100.00 100.00
= Profit Margin % (3/1) 20.59 20.44 22.11 8.32 (52.05)
x Assets Utilization (1/4) 0.84 0.45 0.74 1.31 0.72
= ROA % (3/4) 17.35 9.11 16.33 10.89 (37.54)
x Leverage (4/5) 1.19 1.13 1.22 1.30 1.23
= ROE % (3/5) 20.66 10.32 19.93 14.11 (46.27)Last updated Dec 11, 1997. c Zacks Investment Research, Inc.
1997 ASCEND COMM INCQuarterly ROE Decomposition Fiscal Year End for
ASCEND COMM INC(ASND ) falls in the month of December.9/30/97 6/30/97 3/31/97 12/31/96 9/30/96 6/30/96 3/31/96 12/31/95
(1) Net Sales 270.37 311.69 202.41 177.49 153.97 123.35 91.08 60.61
(2) Pretax Income 63.67 (50.51) 56.62 60.25 44.32 48.06 33.79 23.68
(3) Net Income 40.13 (48.84) 35.09 41.09 24.89 29.79 20.95 14.69
(3) Total Assets 1,149.90 1,132.07 734.11 651.87 517.40 430.94 388.48 335.45
(4) Shareholders Equity 894.27 833.09 626.30 547.45 463.04 379.84 327.95 296.13
Pretax Margin % (2/1) 23.55 (16.20) 27.97 33.95 28.79 38.96 37.10 39.08
x Tax Retent % (3/2) 63.02 96.70 61.98 68.20 56.17 62.00 62.00 62.00
= Profit Margin % (3/1) 14.84 (15.67) 17.34 23.15 16.17 24.16 23.00 24.23
x Assets Utilization (1/4) 0.24 0.28 0.28 0.27 0.30 0.29 0.23 0.18
= ROA % (3/4) 3.49 (4.31) 4.78 6.30 4.81 6.91 5.39 4.38
x Leverage (4/5) 1.29 1.36 1.17 1.19 1.12 1.13 1.18 1.13
= ROE % (3/5) 4.49 (5.86) 5.60 7.51 5.38 7.84 6.39 4.96Last updated Dec 11, 1997. c Zacks Investment Research, Inc. 1997
ASCEND COMM INCAnnual Ratios and Turnover Rates Fiscal Year End for
ASCEND COMM INC(ASND ) falls in the month of December.12/31/96 12/31/95 12/31/94 12/31/93 12/31/92 12/31/91
Current Assets / Current Liablities
Current Assets / Current Liabilities % 548.10 698.22 534.92 449.84 604.39 N/A
Cash / Current Liabilities % 204.92 305.79 69.41 60.65 307.58 N/A
Receivables / Current Liabilities % 98.78 77.70 81.88 144.52 110.71 N/A
Inventory / Current Liabilities % 47.16 63.21 55.27 48.13 47.24 N/A
Turnover Rates and % of Sales
Inventory Turnover 5.19 3.40 4.08 5.82 N/A N/A
Receivables Turnover 8.22 7.80 6.89 6.12 N/A N/A
Account Payables Turnover 19.57 16.91 11.81 10.89 N/A N/A
Account Receivables / Sales % 18.78 20.42 19.79 22.42 23.00 N/A
Inventory / Sales % 8.96 16.62 13.36 7.47 9.81 N/A
Total Assets / Sales % 118.67 224.25 135.40 76.42 138.64 N/A
Account Payables / Sales % 7.88 8.60 12.28 11.27 15.89 N/ALast updated Dec 11, 1997. c Zacks Investment Research, Inc. 1997
ASCEND COMM INCQuarterly Ratios and Turnover Rates Fiscal Year End for
ASCEND COMM INC(ASND ) falls in the month of December.9/30/97 6/30/97 3/31/97 12/31/96 9/30/96 6/30/96 3/31/96 12/31/95
Current Assets / Current Liablities
Current Assets / Current Liabilities % 373.71 324.98 600.99 548.10 836.94 716.53 520.29 698.22
Cash / Current Liabilities % 94.90 113.60 224.37 204.92 307.89 250.53 212.54 305.79
Receivables / Current Liabilities % 92.51 79.33 107.68 98.78 164.70 129.21 68.78 77.70
Inventory / Current Liabilities % 48.95 32.42 47.11 47.16 77.97 105.28 82.64 63.21
Turnover Rates and % of Sales
Inventory Turnover 0.88 1.47 1.39 1.37 1.12 0.84 0.85 1.08
Receivables Turnover 1.14 1.76 1.85 1.84 1.98 2.29 2.52 2.24
Account Payables Turnover 2.90 3.93 4.44 5.52 6.77 4.63 4.36 6.25
Account Receivables / Sales % 87.46 76.10 57.36 58.11 58.15 53.53 45.71 50.41
Inventory / Sales % 46.29 31.10 25.09 27.74 27.53 43.61 54.92 41.01
Total Assets / Sales % 425.30 363.20 362.68 367.27 336.04 349.38 426.54 553.46
Account Payables / Sales % 27.90 35.53 23.64 24.38 13.69 19.80 31.72 21.22Last updated Dec 11, 1997. c Zacks Investment Research, Inc. 1997
ASCEND COMM INCAnnual Balance Sheet (in Millions, except Book Value per
Share) Fiscal Year End for ASCEND COMM INC(ASND ) falls in the month of
December.12/31/96 12/31/95 12/31/94 12/31/93 12/31/92
Assets
Cash & Marketable Securities 373.15 211.08 35.55 6.26 6.60
Receivables 103.14 30.55 7.79 3.64 1.66
Notes Receivable 0.00 0.00 0.00 0.00 0.00
Inventory 49.24 24.85 5.26 1.21 0.71
Total Current Assets 572.30 274.54 50.87 11.32 9.08
Net Property Plant & Equipment 40.03 8.93 2.14 0.90 0.83
Investment & Advances 35.77 51.51 0.00 0.00 0.00
Other Non-Current Assets 0.00 0.00 0.00 0.00 0.00
Deferred Charges 0.00 0.00 0.00 0.00 0.00
Intangibles 0.00 0.00 0.00 0.00 0.00
Deposits & Other Assets 3.76 0.46 0.27 0.18 0.12
Total Assets 651.87 335.45 53.27 12.39 10.03
Liabilities
Notes Payable 0.00 0.00 0.00 0.00 0.00
Accounts Payable 43.27 12.86 4.83 1.83 1.15
Current Portion Lont Term Debt 0.00 0.00 0.00 0.00 0.00
Curr Portion of Capital Leases 0.00 0.00 0.18 0.22 0.20
Accrued Expenses 61.15 26.46 4.49 0.47 0.15
Income Taxes Payable 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities 0.00 0.00 0.00 0.00 0.00
Total Current Liabilities 104.42 39.32 9.51 2.52 1.50
Mortgages 0.00 0.00 0.00 0.00 0.00
Deferred Taxes/Income 0.00 0.00 0.00 0.00 0.00
Convertible Debt 0.00 0.00 0.00 0.00 0.00
Long Term Debt 0.00 0.00 0.00 0.00 0.00
Non-Current Capital Leases 0.00 0.00 0.11 0.32 0.39
Other Long Term Liabilities 0.00 0.00 0.00 0.00 0.00
Minority Interest(Liabilities) 0.00 0.00 0.00 0.00 0.00
Total Liabilities 104.42 39.32 9.62 2.83 1.89
Shareholders' Equity
Preferred Stock 0.00 0.00 0.00 18.23 18.23
Common Stock (Net) 0.12 0.11 0.01 0.09 0.02
Capital Surplus 412.23 266.06 44.50 0.00 0.00
Retain Earnings 135.65 30.51 (0.06) (8.76) (10.11)
Other Equity Adjustments (0.55) (0.55) (0.79) 0.00 0.00
Treasury Stock (-) 0.00 0.00 0.00 0.00 0.00
Shareholders Equity 547.45 296.13 43.65 9.56 8.14
Tot Liab. & Sharehold's Equity 651.87 335.45 53.27 12.39 10.03
Common Equity 547.45 296.13 43.65 (8.67) (10.09)
Shares Outstanding 112.45 109.72 95.38 82.15 8.38
Book Value Per Share 4.87 2.70 0.46 (0.11) (1.20)Last updated Dec 11, 1997. c Zacks Investment Research, Inc. 1997
ASCEND COMM INCQuarterly Balance Sheet (in Millions, except Book Value
per Share) Fiscal Year End for ASCEND COMM INC(ASND ) falls in the month
of December.9/30/97 6/30/97 3/31/97 12/31/96 9/30/96 6/30/96 3/31/96 12/31/95
Assets
Cash & Marketable Securities 507.47 562.17 426.34 373.15 299.59 232.13 212.32 211.08
Receivables 236.48 237.18 116.09 103.14 89.53 66.02 41.63 30.55
Notes Receivable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory 125.14 96.94 50.78 49.24 42.38 53.79 50.02 24.85
Total Current Assets 955.31 971.66 647.93 572.30 454.95 366.13 314.94 274.54
Net Property Plant & Equipment 104.22 89.55 47.12 40.03 26.02 18.01 13.87 8.93
Investment & Advances 85.67 54.20 33.49 35.77 32.72 44.31 58.40 51.51
Other Non-Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Intangibles 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deposits & Other Assets 4.69 16.67 5.57 3.76 3.71 2.49 1.27 0.46
Total Assets 1,149.90 1,132.07 734.11 651.87 517.40 430.94 388.48 335.45
Liabilities
Notes Payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable 75.44 110.75 47.86 43.27 21.08 24.43 28.89 12.86
Current Portion Lont Term Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Curr Portion of Capital Leases 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Expenses 180.19 188.24 59.95 61.15 33.28 26.67 31.64 26.46
Income Taxes Payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Current Liabilities 255.63 298.98 107.81 104.42 54.36 51.10 60.53 39.32
Mortgages 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Taxes/Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Convertible Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long Term Debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Non-Current Capital Leases 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Long Term Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Minority Interest(Liabilities) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Liabilities 255.63 298.98 107.81 104.42 54.36 51.10 60.53 39.32
Shareholders' Equity
Preferred Stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common Stock (Net) 0.19 0.19 0.12 0.12 0.12 0.11 0.11 0.11
Capital Surplus 851.04 829.99 455.43 412.23 368.96 298.87 276.77 266.06
Retain Earnings 43.04 2.91 170.74 135.65 93.97 80.86 51.06 30.51
Other Equity Adjustments 0.00 0.00 0.00 (0.55) 0.00 0.00 0.00 (0.55)
Treasury Stock (-) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Shareholders Equity 894.27 833.09 626.30 547.45 463.04 379.84 327.95 296.13
Tot Liab. & Sharehold's Equity 1,149.90 1,132.07 734.11 651.87 517.40 430.94 388.48 335.45
Common Equity 894.27 833.09 626.30 547.45 463.04 379.84 327.95 296.13
Shares Outstanding 189.56 120.75 119.42 112.45 111.23 111.23 109.72 109.72
Book Value Per Share 4.72 6.90 5.24 4.87 4.16 3.42 2.99 2.70Last updated Dec 11, 1997. c Zacks Investment Research, Inc. 1997
ASCEND COMM INCAnnual Income Statement (in millions except EPS data)
Fiscal Year End for ASCEND COMM INC(ASND ) falls in the month of
December.12/31/96 12/31/95 12/31/94 12/31/93 12/31/92
Net Sales 549.30 149.59 39.34 16.22 7.24
COGS & related Depr. & Amort.(-) 192.23 51.17 13.20 5.59 3.44
Gross Profit 357.07 98.42 26.14 10.63 3.80
S&G&A & R&D & related Depr. & Amort.(-) 168.63 54.59 17.13 9.33 7.69
Income after Depreciation & Amortization 188.44 43.83 9.01 1.30 (3.89)
Non-Operating Income (Expense) (+) (2.02) 5.53 0.96 0.14 0.24
Interest Expense (-) 0.00 0.04 0.07 0.09 0.12
Pretax Income 186.41 49.32 9.90 1.35 (3.77)
Provision for Income Taxes (-) 73.30 18.75 1.21 0.00 0.00
Minority Interest (-) 0.00 0.00 0.00 0.00 0.00
Investment Gains/Losses (+) 0.00 0.00 0.00 0.00 0.00
Other Income 0.00 0.00 0.00 0.00 0.00
Income from Continuing Operations 113.11 30.57 8.70 1.35 (3.77)
Extras & Discontinued Operations(+) 0.00 0.00 0.00 0.00 0.00
Net Income 113.11 30.57 8.70 1.35 (3.77)
Depreciation Footnote
Income before Depreciation&Amortization 197.24 45.94 9.63 1.69 (3.52)
Depreciation & Amortization-(Cash Flow) 8.80 2.11 0.62 0.40 0.37
Income after Depreciation & Amortization 188.44 43.83 9.01 1.30 (3.89)
Earnings Per Share Data
Primary Shares 127.81 108.98 92.80 82.15 8.38
Primary EPS BNRI 1.13 0.29 0.09 N/A N/A
Primary Net EPS 1.02 0.29 0.09 N/A N/ALast updated Dec 11, 1997. c Zacks Investment Research, Inc. 1997
ASCEND COMM INCQuarterly Income Statement (in Millions, except EPS
values) Fiscal Year End for ASCEND COMM INC(ASND ) falls in the month of
December.9/30/97 6/30/97 3/31/97 12/31/96 9/30/96 6/30/96 3/31/96 12/31/95
Net Sales 270.37 311.69 202.41 177.49 153.97 123.35 91.08 60.61
Cost of Goods Sold (-) 97.18 108.68 69.46 62.98 53.96 43.44 31.85 20.57
Gross Profit 173.19 203.02 132.96 114.51 100.00 79.91 59.23 40.04
Sell. Gen. & Admin. exp. (incl. Res. & Dev.)(-) 115.68 109.55 61.86 60.84 45.44 34.35 28.00 18.94
Income before Depreciation & Amortization 89.31 115.77 74.57 62.47 60.67 47.93 32.17 23.21
Depreciation & Amortization (-) 31.80 22.30 3.47 8.80 6.11 2.37 0.94 2.11
Income after Depreciation & Amortization 57.51 93.46 71.10 53.67 54.56 45.56 31.23 21.10
Non-Operating Income (Expense) (+) 6.16 (143.97) (14.47) 6.58 (10.24) 2.50 2.56 2.63
Interest Expense (-) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04
Pretax Income 63.67 (50.51) 56.62 60.25 44.32 48.06 33.79 23.68
Provision for Income Taxes (-) 23.54 (1.67) 21.53 22.78 19.43 18.26 12.84 9.00
Minority Interest (-) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investment Gains/Losses (+) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income from Continuing Operations 40.13 (48.84) 35.09 41.09 24.89 29.79 20.95 14.69
Extras & Discontinued Operations (+) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income 40.13 (48.84) 35.09 41.09 24.89 29.79 20.95 14.69
Earnings Per Share Data
Primary Shares 199.84 188.39 129.54 130.01 123.09 123.49 121.68 119.62
Primary EPS BNRI 0.20 0.31 0.36 0.32 0.31 0.24 0.17 0.12
Primary Net EPS 0.20 (0.26) 0.27 0.32 0.20 0.24 0.17 0.12Last updated Dec 11, 1997. c Zacks Investment Research, Inc. 1997
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