Clearfield, Inc. (CLFD) Financial Statements (2024 and earlier)

Company Profile

Business Address 7050 WINNETKA AVE. N.
BROOKLYN PARK, MN 55428
State of Incorp. MN
Fiscal Year End September 30
Industry (SIC) 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments147,85122,45223,59027,03223,60617,478
Cash and cash equivalents30,31316,65013,21616,45010,0828,548
Short-term investments117,5385,80210,37410,58313,5248,930
Receivables55,13953,70419,43810,4979,11912,821
Inventory, net of allowances, customer advances and progress billings89,70582,20827,52414,4099,01310,050
Inventory89,70582,20827,52414,4099,01310,050
Other current assets1,4501,758954585769742
Total current assets:294,145160,12271,50652,52342,50741,092
Noncurrent Assets
Operating lease, right-of-use asset12,63813,2562,3052,539 
Property, plant and equipment19,73018,2294,9985,1105,4134,745
Long-term investments and receivables10,29322,74736,91325,14323,90217,974
Long-term investments10,29322,74736,91325,14323,90217,974
Intangible assets, net (including goodwill)13,03312,7789,4059,5389,85610,191
Goodwill6,5456,4024,7094,7094,7094,709
Intangible assets, net (excluding goodwill)6,4886,3764,6964,8295,1475,483
Deferred income tax assets1,0901,414365178 
Other noncurrent assets868582419267211227
Total noncurrent assets:57,65269,00654,40542,77539,38233,137
TOTAL ASSETS:351,797229,128125,91195,29781,88974,229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30,80245,70919,5579,7496,6074,981
Taxes payable1,791    
Employee-related liabilities13,6198,7294,8573,2252,049
Accounts payable18,36624,1189,2153,6903,1742,363
Accrued liabilities12,4366,1811,6131,203209569
Debt      
Other undisclosed current liabilities14,5205,985915666  
Total current liabilities:45,32251,69420,47110,4156,6074,981
Noncurrent Liabilities
Long-term debt and lease obligation, including: 2,13218,6661,6152,129  
Other undisclosed long-term debt and lease obligation 2,1328,254    
Liabilities, other than long-term debt10,462774    
Deferred income tax liabilities756774   
Operating lease, liability9,70610,4121,6152,129 
Other undisclosed noncurrent liabilities  10,412(1,615)(2,129)348373
Total noncurrent liabilities:12,59429,8521,6152,129348373
Total liabilities:57,91681,54622,08712,5446,9555,354
Equity
Equity, attributable to parent293,881147,582103,82482,75374,93368,875
Common stock152138137137136136
Additional paid in capital185,40454,53958,24657,50356,97655,484
Accumulated other comprehensive loss(733)(1,898)    
Retained earnings109,05894,80345,44125,11417,82113,255
Total equity:293,881147,582103,82482,75374,93368,875
TOTAL LIABILITIES AND EQUITY:351,797229,128125,91195,29781,88974,229

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

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues305,716270,883140,75593,07585,03477,651
Cost of revenue(185,092)(157,936)(79,578)(55,160)(52,345)(46,655)
Other undisclosed gross profit     0 
Gross profit:120,624112,94761,17837,91432,68930,997
Operating expenses(51,966)(49,130)(35,944)(29,530)(27,501)(25,926)
Operating income:68,65863,81725,2348,3845,1885,071
Nonoperating income (expense)
(Investment Income, Nonoperating)
(43)17500771738457
Interest and debt expense(243)(311)    
Other undisclosed loss from continuing operations before equity method investments, income taxes (311)     
Income from continuing operations before equity method investments, income taxes:68,06163,52325,7349,1555,9275,528
Other undisclosed income from continuing operations before income taxes554311    
Income from continuing operations before income taxes:68,61563,83425,7349,1555,9275,528
Income tax expense(15,387)(14,472)(5,407)(1,862)(1,360)(1,253)
Income from continuing operations:53,22849,36220,3277,2934,5664,275
Income before gain (loss) on sale of properties:38,97349,36220,3277,2934,5664,275
Net income available to common stockholders, basic:53,22849,36220,3277,2934,5664,275
Dilutive securities, effect on basic earnings per share     824
Net income available to common stockholders, diluted:53,22849,36220,3277,2934,5744,298

Comprehensive Income ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income:53,22849,36220,3277,2934,5664,275
Other comprehensive income (loss)(913)(2,078)    
Comprehensive income:52,31547,28420,3277,2934,5664,275
Other undisclosed comprehensive income, net of tax, attributable to parent 180180    
Comprehensive income, net of tax, attributable to parent:52,49547,46420,3277,2934,5664,275

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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