Telephone & Telegraph Apparatus: capital spending and supply chain
SIC 3661 · 5 companies with filed cash-flow statements
Capital spending, 12 months$644M
Operating cash flow$1.3B
Capex / cash flow49%
Capex / revenue5.2%
Top 3 share99%
Analysis
5 companies in Telephone & Telegraph Apparatus (SIC 3661) spent $644M on capital projects over their latest twelve months, 49% of the $1.3B their operations generated; the three largest spenders — FN, CIEN, ADTN — account for 99%.
Capital spending is 5.2% of the industry's $12.5B of annual revenue.
By the industry's asset mix most of it goes to equipment (44%); about $137M is imported.
The largest supplier of that spending is manufacturing structures ($133M).
Its largest supplying industries, by the input-output tables: imports ($1.0B), printed circuit assembly (electronic assembly) manufacturing ($750M), household appliances and electrical and electronic goods ($438M).
Charts
Filed cash-flow statements (SEC XBRL).Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).
Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.