Bridgford Foods Corporation (BRID) Financial Statements (2024 and earlier)

Company Profile

Business Address 1308 N PATT ST
ANAHEIM, CA 92801
State of Incorp. CA
Fiscal Year End October 31
Industry (SIC) 2013 - Sausages and Other Prepared Meat Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
1/31/2023
MRQ
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,99216,333 4,3023,4788,179
Cash and cash equivalents12,99216,333 4,3023,4788,179
Restricted cash and investments   3751,125  
Receivables34,04735,74230,54033,33521,87520,293
Inventory, net of allowances, customer advances and progress billings38,82040,53336,77129,29626,36723,413
Inventory38,82040,53336,77129,29626,36723,413
Prepaid expense  3212,571 1,0481,331
Other undisclosed current assets1,412  692  
Total current assets:87,27192,92970,25768,75052,76853,216
Noncurrent Assets
Property, plant and equipment70,64071,83072,88673,33254,34632,638
Other noncurrent assets11,70011,58913,64713,20112,29511,630
Other undisclosed noncurrent assets     4,0474,010
Total noncurrent assets:82,34083,41986,53386,53370,68848,278
TOTAL ASSETS:169,611176,348156,790155,283123,456101,494
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,33821,51119,37616,57713,56312,387
Taxes payable989490155
Accounts payable9,09513,65812,38810,5027,9937,655
Accrued liabilities7,2437,8536,8905,9815,4804,577
Debt1,0991,0891,0654,4301,943 
Other liabilities1,6014,0295,1785,1964,4345,980
Other undisclosed current liabilities1,229224    
Total current liabilities:20,26726,85325,61926,20319,94018,367
Noncurrent Liabilities
Long-term debt and lease obligation 3,5673,82436,00471911,804 
Long-term debt, excluding current maturities 3,5673,82436,004 11,804 
Finance lease, liability    719 
Liabilities, other than long-term debt15,31319,34620,1893,6354,3204,991
Deferred compensation liability, classified    2,9963,6554,487
Deferred income tax liabilities8,9728,9723,400  
Liability, pension and other postretirement and postemployment benefits   639665504
Other liabilities6,34110,37416,789   
Operating lease, liability     
Other undisclosed noncurrent liabilities3,207  26,4509,10412,456
Total noncurrent liabilities:22,08723,17056,19330,80425,22817,447
Other undisclosed liabilities    27,03011,804 
Total liabilities:42,35450,02381,81284,03756,97235,814
Equity
Equity, attributable to parent127,257126,32574,97871,24666,48465,680
Common stock9,1349,1349,1349,1349,1349,134
Additional paid in capital8,2988,2988,2988,2988,2988,298
Accumulated other comprehensive loss(10,425)(10,425)(16,706)(25,941)(23,380)(17,700)
Retained earnings120,250119,31874,25279,75572,43265,948
Total equity:127,257126,32574,97871,24666,48465,680
TOTAL LIABILITIES AND EQUITY:169,611176,348156,790155,283123,456101,494

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Revenues263,434265,898240,430197,970188,785174,257
Cost of revenue
(Cost of Goods and Services Sold)
(190,700)(193,837)(189,046)(138,452)(127,121)(117,751)
Gross profit:72,73472,06151,38459,51861,66456,506
Operating expenses(8,499)(7,490)(59,623)(54,388)(53,127)(43,693)
Operating income (loss):64,23564,571(8,239)5,1308,53712,813
Nonoperating income (expense)(1,871)(3,164)957   
Interest and debt expense(935)(1,107)(1,214)(879)  
Income (loss) from continuing operations before equity method investments, income taxes:61,42960,300(8,496)4,2518,53712,813
Other undisclosed income from continuing operations before income taxes9351,1071,214879  
Income (loss) from continuing operations before income taxes:62,36461,407(7,282)5,1308,53712,813
Income tax expense (benefit)(16,673)(16,341)1,7792,193(2,053)(6,296)
Income (loss) from continuing operations:45,69145,066(5,503)7,3236,4846,517
Income (loss) before gain (loss) on sale of properties:42,103(5,503)7,3236,4846,517
Net income (loss) available to common stockholders, diluted:45,69145,066(5,503)7,3236,4846,517

Comprehensive Income ($ in thousands)

6/30/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Net income (loss):45,69145,066(5,503)7,3236,4846,517
Other comprehensive income  1,151352 50174
Other undisclosed comprehensive income1,151     
Comprehensive income (loss):46,84246,217(5,151)7,3236,5346,691
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5,1305,1308,883(2,561)(5,730)2,951
Comprehensive income, net of tax, attributable to parent:51,97251,3473,7324,7628049,642

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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