Cubic Corporation (CUB) Financial Statements (2024 and earlier)

Company Profile

Business Address 9333 BALBOA AVE
SAN DIEGO, CA 92123
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
ASSETS
Current Assets
Receivables114,464 160,953 122,381133,768
Inventory, net of allowances, customer advances and progress billings130,865 151,613 122,912106,794
Inventory130,865 151,613 122,912106,794
Contract with customer, asset, after allowance for credit loss288,256 253,900 320,188349,559
Other undisclosed current assets185,643 169,410 143,478134,188
Total current assets:719,228 735,876 708,959724,309
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization13,200     
Operating lease, right-of-use asset84,646 82,141 80,747 
Property, plant and equipment165,576 160,547 151,218144,969
Intangible assets, net (including goodwill)982,208 1,009,920 738,411743,710
Goodwill787,741 783,368 582,549578,097
Intangible assets, net (excluding goodwill)194,467 226,552 155,862165,613
Deferred income tax assets5,599 8,932 5,1694,098
Other noncurrent assets34,789    76,872
Other undisclosed noncurrent assets294,352 264,396 235,525153,212
Total noncurrent assets:1,580,370 1,525,936 1,211,0701,122,861
TOTAL ASSETS:2,299,598 2,261,812 1,920,0291,847,170
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities125,349 118,146 5,89359,116
Taxes payable1,116 814 5,893773
Employee-related liabilities124,233 117,332  58,343
Deferred revenue80,429 71,269 62,50046,170
Debt221,090 288,250 237,214206,214
Self insurance reserve5,100 6,800 7,3007,400
Other undisclosed current liabilities98,633 114,778 205,631210,259
Total current liabilities:530,601 599,243 518,538529,159
Noncurrent Liabilities
Long-term debt and lease obligation89,002 75,468 73,924189,111
Long-term debt, excluding current maturities      189,111
Finance lease, liability10,386     
Liabilities, other than long-term debt10,100 10,900 11,80041,917
Accounts payable and accrued liabilities      937
Deferred compensation liability, classified10,100 10,900 11,80011,040
Deferred income tax liabilities      4,554
Liability, pension and other postretirement and postemployment benefits      25,386
Operating lease, liability78,616 75,468 73,924 
Other undisclosed noncurrent liabilities676,017 662,346 341,239106,415
Total noncurrent liabilities:775,119 748,714 426,963337,443
Total liabilities:1,305,720 1,347,957 945,501866,602
Equity
Equity, attributable to parent960,758 892,863 951,619961,649
Common stock297,655 287,252 276,497274,472
Treasury stock, value(36,078) (36,078) (36,078)(36,078)
Accumulated other comprehensive loss(138,296) (155,357) (130,349)(139,693)
Retained earnings837,477 797,046 841,549862,948
Equity, attributable to noncontrolling interest 33,120 20,992 22,90918,919
Other undisclosed equity      
Total equity:993,878 913,855 974,528980,568
TOTAL LIABILITIES AND EQUITY:2,299,598 2,261,812 1,920,0291,847,170

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

3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
Revenues318,794(1,000,760)350,439 328,839471,198
Cost of revenue(221,349) (231,496) (249,491)(348,859)
Gross profit:97,445 118,943 79,348122,339
Operating expenses(96,148) (94,237) (85,831)(63,720)
Operating income (loss):1,297 24,706 (6,483)58,619
Nonoperating income (expense)3,085 (4,776) 2,091(712)
Investment income, nonoperating1,789 1,997 2,2182,176
Other nonoperating income (expense)1,296 (6,773) (127)(2,888)
Interest and debt expense(8,171) (7,366) (5,363)(5,758)
Income (loss) from continuing operations before income taxes:(3,789) 12,564 (9,755)52,149
Income tax expense(3,489) (4,602) (6,246)(11,345)
Income (loss) from continuing operations:(7,278) 7,962 (16,001)40,804
Income (loss) before gain (loss) on sale of properties:(7,278)8,214(16,585)40,922
Income (loss) from discontinued operations   252 (584)118
Net income (loss):(7,278) 8,214 (16,585)40,922
Net income (loss) attributable to noncontrolling interest(5,717) (9,369) (3,990)841
Net income (loss) available to common stockholders, diluted:(12,995) (1,155) (20,575)41,763

Comprehensive Income ($ in thousands)

3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
Net income (loss):(7,278) 8,214 (16,585)40,922
Other comprehensive income (loss)11,307 (7,198) 9,344(27,223)
Comprehensive income (loss):4,029 1,016 (7,241)13,699
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5,717) (9,369) (3,990)841
Comprehensive income (loss), net of tax, attributable to parent:(1,688) (8,353) (11,231)14,540

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: