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)Annual | Quarterly
| 11/30/2023 Q4 | 8/31/2023 Q3 | 5/31/2023 Q2 | 2/28/2023 Q1 | 11/30/2022 Q4 | 8/31/2022 Q3 | 5/31/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 65,755 | 72,328 | 72,617 | 79,340 | 84,585 | 89,325 | |||
| Cash and cash equivalents | 48,012 | 54,603 | 54,892 | 61,625 | 66,870 | 71,610 | |||
| Short-term investments | 17,743 | 17,725 | 17,725 | 17,715 | 17,715 | 17,715 | |||
| Receivables | 19,116 | 17,924 | 20,015 | 20,191 | 26,377 | 24,560 | |||
| Inventory, net of allowances, customer advances and progress billings | 66,866 | 70,332 | 79,011 | 85,477 | 91,681 | 92,865 | |||
| Inventory | 66,866 | 70,332 | 79,011 | 85,477 | 91,681 | 92,865 | |||
| Other current assets | 9,340 | 8,795 | 12,103 | 11,487 | 11,104 | 11,349 | |||
| Other undisclosed current assets | 3,623 | ||||||||
| Total current assets: | 161,077 | 169,379 | 183,746 | 196,495 | 213,747 | 221,722 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 89,993 | 92,505 | 96,454 | 99,472 | 86,809 | 91,256 | |||
| Property, plant and equipment | 84,247 | 79,543 | 78,030 | 77,001 | 75,513 | 73,706 | |||
| Intangible assets, net (including goodwill), including: | 21,547 | 21,532 | 21,599 | 21,727 | 14,313 | 14,326 | |||
| Goodwill | 12,669 | 12,648 | 12,687 | 12,771 | 7,217 | 7,217 | |||
| Intangible assets, net (excluding goodwill) | 8,878 | 8,884 | 8,912 | 8,955 | 7,096 | 7,109 | |||
| Other undisclosed intangible assets, net (including goodwill) | 1 | ||||||||
| Deferred income tax assets | 5,117 | 5,189 | 5,438 | 5,528 | 6,045 | 6,985 | |||
| Other noncurrent assets | 7,050 | 6,177 | 6,350 | 6,050 | 6,260 | 5,758 | |||
| Total noncurrent assets: | 207,954 | 204,946 | 207,871 | 209,778 | 188,940 | 192,031 | |||
| TOTAL ASSETS: | 369,031 | 374,325 | 391,617 | 406,273 | 402,687 | 413,753 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 38,809 | 36,736 | 40,593 | 46,045 | 62,553 | 67,024 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 12,809 | 12,620 | ||
| Accounts payable | 17,117 | 16,212 | 17,956 | 20,359 | 24,189 | 26,952 | |||
| Accrued liabilities | 21,692 | 20,524 | 22,637 | 25,686 | 25,555 | 27,452 | |||
| Deferred revenue | 23,626 | 23,941 | 31,040 | 35,963 | 40,311 | 46,391 | |||
| Debt | 282 | ||||||||
| Other undisclosed current liabilities | 19,608 | 19,012 | 18,947 | 18,537 | 7,160 | 7,671 | |||
| Total current liabilities: | 82,043 | 79,689 | 90,580 | 100,827 | 110,024 | 121,086 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 84,102 | 88,803 | |||||||
| Liabilities, other than long-term debt | 98,211 | 101,451 | 107,177 | 109,837 | 13,622 | 13,723 | |||
| Liability, pension and other postretirement and postemployment benefits | 10,668 | 10,452 | 10,386 | 9,954 | 13,016 | 13,055 | |||
| Other liabilities | 1,668 | 1,832 | 3,173 | 2,406 | 606 | 668 | |||
| Operating lease, liability | 85,875 | 89,167 | 93,618 | 97,477 | 84,102 | 88,803 | |||
| Total noncurrent liabilities: | 98,211 | 101,451 | 107,177 | 109,837 | 97,724 | 102,526 | |||
| Total liabilities: | 180,254 | 181,140 | 197,757 | 210,664 | 207,748 | 223,612 | |||
| Equity | |||||||||
| Equity, attributable to parent | 188,777 | 193,185 | 193,860 | 195,609 | 194,939 | 190,141 | |||
| Common stock | 43,800 | 43,900 | 44,311 | 44,759 | 46,064 | 46,396 | |||
| Additional paid in capital | |||||||||
| Accumulated other comprehensive income (loss) | (54) | (108) | (62) | 50 | (1,678) | (1,726) | |||
| Retained earnings | 145,031 | 149,393 | 149,611 | 150,800 | 150,553 | 145,471 | |||
| Total equity: | 188,777 | 193,185 | 193,860 | 195,609 | 194,939 | 190,141 | |||
| TOTAL LIABILITIES AND EQUITY: | 369,031 | 374,325 | 391,617 | 406,273 | 402,687 | 413,753 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 11/30/2023 Q4 | 8/31/2023 Q3 | 5/31/2023 Q2 | 2/28/2023 Q1 | 11/30/2022 Q4 | 8/31/2022 Q3 | 5/31/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 87,217 | 100,519 | 107,698 | 121,019 | 118,012 | 128,706 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (42,173) | (47,686) | (50,501) | (56,783) | (57,240) | (62,767) | ||
| Gross profit: | 45,044 | 52,833 | 57,197 | 64,236 | 60,772 | 65,939 | ||
| Operating expenses | (48,848) | (51,366) | (54,495) | (53,978) | (54,695) | (54,927) | ||
| Other undisclosed operating income (loss) | 1,013 | (3,555) | 4,595 | |||||
| Operating income (loss): | (3,804) | 2,480 | 2,702 | 6,703 | 10,672 | 11,012 | ||
| Nonoperating income (expense) | 614 | 64 | (415) | 1,085 | (594) | (627) | ||
| Investment income, nonoperating | 923 | |||||||
| Other nonoperating income (expense) | (309) | 64 | (415) | |||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (38) | |||||||
| Income (loss) from continuing operations before income taxes: | (3,190) | 2,544 | 2,287 | 7,750 | 10,078 | 10,385 | ||
| Income tax expense (benefit) | 599 | (468) | (842) | (2,197) | (2,305) | (2,642) | ||
| Income (loss) from continuing operations: | (2,591) | 2,076 | 1,445 | 5,553 | 7,773 | 7,743 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 7,628 | 47,118 | |
| Income (loss) from discontinued operations | 52,534 | (145) | 39,375 | |||||
| Net income (loss): | (2,591) | 2,076 | 1,445 | 58,087 | 7,628 | 47,118 | ||
| Other undisclosed net loss attributable to parent | (53,061) | |||||||
| Net income (loss) available to common stockholders, diluted: | (2,591) | 2,076 | 1,445 | 5,026 | 7,628 | 47,118 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 11/30/2023 Q4 | 8/31/2023 Q3 | 5/31/2023 Q2 | 2/28/2023 Q1 | 11/30/2022 Q4 | 8/31/2022 Q3 | 5/31/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,591) | 2,076 | 1,445 | 58,087 | 7,628 | 47,118 | ||
| Other comprehensive income (loss) | 54 | (38) | (104) | |||||
| Other undisclosed comprehensive income | 99 | |||||||
| Comprehensive income (loss): | (2,537) | 2,038 | 1,341 | 58,186 | 7,628 | 47,118 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (8) | (8) | (51,431) | 48 | 48 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,537) | 2,030 | 1,333 | 6,755 | 7,676 | 47,166 | ||
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.