Bassett Furniture Industries Incorporated (BSET) Financial Statements (2024 and earlier)

Company Profile

Business Address PO BOX 626
BASSETT, VA 24055
State of Incorp. VA
Fiscal Year End November 30
Industry (SIC) 2511 - Wood Household Furniture, Except Upholstered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

5/31/2024
Q2
2/29/2024
Q1
11/30/2023
Q4
8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58,38470,18265,75572,32872,61779,340
Cash and cash equivalents40,60952,40748,01254,60354,89261,625
Short-term investments17,77517,77517,74317,72517,72517,715
Receivables16,14816,31019,11617,92420,01520,191
Inventory, net of allowances, customer advances and progress billings62,95762,98266,86670,33279,01185,477
Inventory62,95762,98266,86670,33279,01185,477
Other current assets12,0168,4809,3408,79512,10311,487
Total current assets:149,505157,954161,077169,379183,746196,495
Noncurrent Assets
Operating lease, right-of-use asset99,390100,88889,99392,50596,45499,472
Property, plant and equipment83,59083,98184,24779,54378,03077,001
Intangible assets, net (including goodwill), including:16,06916,06721,54721,53221,59921,727
Goodwill7,2177,21712,66912,64812,68712,771
Intangible assets, net (excluding goodwill)8,8528,8508,8788,8848,9128,955
Other undisclosed intangible assets, net (including goodwill)      1
Deferred income tax assets5,5674,6455,1175,1895,4385,528
Other noncurrent assets7,3246,8897,0506,1776,3506,050
Total noncurrent assets:211,940212,470207,954204,946207,871209,778
TOTAL ASSETS:361,445370,424369,031374,325391,617406,273
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities32,99236,27538,80936,73640,59346,045
Accounts payable14,63516,33817,11716,21217,95620,359
Accrued liabilities18,35719,93721,69220,52422,63725,686
Deferred revenue22,76322,78823,62623,94131,04035,963
Debt      282
Other undisclosed current liabilities17,53018,82719,60819,01218,94718,537
Total current liabilities:73,28577,89082,04379,68990,580100,827
Noncurrent Liabilities
Liabilities, other than long-term debt107,522109,09398,211101,451107,177109,837
Liability, pension and other postretirement and postemployment benefits10,67810,20710,66810,45210,3869,954
Other liabilities1,5321,5291,6681,8323,1732,406
Operating lease, liability95,31297,35785,87589,16793,61897,477
Total noncurrent liabilities:107,522109,09398,211101,451107,177109,837
Total liabilities:180,807186,983180,254181,140197,757210,664
Equity
Equity, attributable to parent180,638183,441188,777193,185193,860195,609
Common stock43,88343,84243,80043,90044,31144,759
Additional paid in capital17593    
Accumulated other comprehensive income (loss)(8)152(54)(108)(62)50
Retained earnings136,588139,354145,031149,393149,611150,800
Total equity:180,638183,441188,777193,185193,860195,609
TOTAL LIABILITIES AND EQUITY:361,445370,424369,031374,325391,617406,273

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

5/31/2024
Q2
2/29/2024
Q1
11/30/2023
Q4
8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
Revenues86,55494,70287,217100,519107,698121,019
Cost of revenue
(Cost of Goods and Services Sold)
(38,687)(43,288)(42,173)(47,686)(50,501)(56,783)
Gross profit:47,86751,41445,04452,83357,19764,236
Operating expenses(50,224)(55,927)(48,848)(51,366)(54,495)(53,978)
Other undisclosed operating income (loss)   1,013 (3,555)
Operating income (loss):(2,357)(4,513)(3,804)2,4802,7026,703
Nonoperating income (expense)65240661464(415)1,085
Investment income, nonoperating756884923   
Other nonoperating income (expense)(104)(478)(309)64(415) 
Other undisclosed loss from continuing operations before equity method investments, income taxes  (22)   (38)
Income (loss) from continuing operations before income taxes:(1,705)(4,129)(3,190)2,5442,2877,750
Income tax expense (benefit)51228599(468)(842)(2,197)
Income (loss) from continuing operations:(1,193)(4,101)(2,591)2,0761,4455,553
Income from discontinued operations      52,534
Net income (loss):(1,193)(4,101)(2,591)2,0761,44558,087
Other undisclosed net loss attributable to parent      (53,061)
Net income (loss) available to common stockholders, diluted:(1,193)(4,101)(2,591)2,0761,4455,026

Comprehensive Income ($ in thousands)

5/31/2024
Q2
2/29/2024
Q1
11/30/2023
Q4
8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
Net income (loss):(1,193)(4,101)(2,591)2,0761,44558,087
Other comprehensive income (loss)(161)(78)54(38)(104) 
Other undisclosed comprehensive income      99
Comprehensive income (loss):(1,354)(4,179)(2,537)2,0381,34158,186
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  284 (8)(8)(51,431)
Comprehensive income (loss), net of tax, attributable to parent:(1,354)(3,895)(2,537)2,0301,3336,755

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: