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)

3/31/2024
MRQ
12/31/2023
MRQ
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments162,836168,11322,45223,59027,03223,606
Cash and cash equivalents34,48437,82716,65013,21616,45010,082
Short-term investments128,352130,2865,80210,37410,58313,524
Receivables17,36328,39253,70419,43810,4979,119
Inventory, net of allowances, customer advances and progress billings94,61398,05582,20827,52414,4099,013
Inventory94,61398,05582,20827,52414,4099,013
Other current assets1,8061,6951,758954585769
Total current assets:276,618296,255160,12271,50652,52342,507
Noncurrent Assets
Operating lease, right-of-use asset13,29713,86113,2562,3052,539 
Property, plant and equipment22,87021,52718,2294,9985,1105,413
Long-term investments and receivables6,5056,34322,74736,91325,14323,902
Long-term investments6,5056,34322,74736,91325,14323,902
Intangible assets, net (including goodwill)12,59712,62012,7789,4059,5389,856
Goodwill6,6156,5286,4024,7094,7094,709
Intangible assets, net (excluding goodwill)5,9826,0926,3764,6964,8295,147
Deferred income tax assets2,7543,0391,414365178 
Other noncurrent assets9881,872582419267211
Total noncurrent assets:59,01159,26269,00654,40542,77539,382
TOTAL ASSETS:335,629355,517229,128125,91195,29781,889
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,11811,29545,70919,5579,7496,607
Taxes payable1,791   
Employee-related liabilities13,6198,7294,8573,225
Accounts payable7,3688,89124,1189,2153,6903,174
Accrued liabilities2,7502,4046,1811,6131,203209
Debt2,2142,112    
Other undisclosed current liabilities12,62215,5975,985915666 
Total current liabilities:24,95429,00451,69420,47110,4156,607
Noncurrent Liabilities
Long-term debt and lease obligation, including:   18,6661,6152,129 
Other undisclosed long-term debt and lease obligation   8,254   
Liabilities, other than long-term debt10,58011,350774   
Deferred income tax liabilities607721774   
Operating lease, liability9,97310,62910,4121,6152,129 
Other undisclosed noncurrent liabilities   10,412(1,615)(2,129)348
Total noncurrent liabilities:10,58011,35029,8521,6152,129348
Total liabilities:35,53440,35481,54622,08712,5446,955
Equity
Equity, attributable to parent300,095315,163147,582103,82482,75374,933
Common stock149153138137137136
Additional paid in capital177,322188,21854,53958,24657,50356,976
Accumulated other comprehensive income (loss)476(544)(1,898)   
Retained earnings122,148127,33694,80345,44125,11417,821
Total equity:300,095315,163147,582103,82482,75374,933
TOTAL LIABILITIES AND EQUITY:335,629355,517229,128125,91195,29781,889

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

3/31/2024
TTM
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Revenues217,008268,720270,883140,75593,07585,034
Cost of revenue(115,470)(183,441)(157,936)(79,578)(55,160)(52,345)
Other undisclosed gross profit(42,210)    0
Gross profit:59,32885,279112,94761,17837,91432,689
Operating expenses(48,094)(47,992)(49,130)(35,944)(29,530)(27,501)
Operating income (loss):11,23437,28763,81725,2348,3845,188
Nonoperating income
(Investment Income, Nonoperating)
6,2094,32517500771738
Interest and debt expense(763)(881)(311)   
Income (loss) from continuing operations before equity method investments, income taxes:16,68040,73163,52325,7349,1555,927
Other undisclosed income from continuing operations before income taxes763881311   
Income (loss) from continuing operations before income taxes:17,44341,61263,83425,7349,1555,927
Income tax expense (benefit)(4,433)(9,079)(14,472)(5,407)(1,862)(1,360)
Income (loss) from continuing operations:13,01032,53349,36220,3277,2934,566
Income before gain (loss) on sale of properties:49,36220,3277,2934,566
Net income (loss) available to common stockholders, basic:13,01032,53349,36220,3277,2934,566
Dilutive securities, effect on basic earnings per share      8
Net income (loss) available to common stockholders, diluted:13,01032,53349,36220,3277,2934,574

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Net income (loss):13,01032,53349,36220,3277,2934,566
Other comprehensive income (loss)1,2091,354(2,078)   
Comprehensive income (loss):14,21933,88747,28420,3277,2934,566
Other undisclosed comprehensive income, net of tax, attributable to parent   180   
Comprehensive income (loss), net of tax, attributable to parent:14,21933,88747,46420,3277,2934,566

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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