Culp, Inc. (CULP) financial statements (2020 and earlier)

Company profile

Business Address 1823 EASTCHESTER DRIVE
HIGH POINT, NC 27265
State of Incorp. NC
Fiscal Year End April 30
SIC 2211 - Broadwoven Fabric Mills, Cotton (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2020
Q3
10/31/2019
Q2
7/31/2019
Q1
4/30/2019
Q4
1/31/2019
Q3
10/31/2018
Q2
7/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33474445404139
Cash and cash equivalents2247444026159
Short-term investments11  5142731
Receivables27252525262423
Inventory, net of allowances, customer advances and progress billings58555151555155
Inventory58555151555155
Assets held-for-sale, not part of disposal group000  0 
Other current assets3333324
Total current assets:121131122123124119121
Noncurrent Assets
Operating lease, right-of-use asset667 
Nontrade receivables1111   
Property, plant and equipment46474748505153
Long-term investments and receivables4222212
Long-term investments4222212
Intangible assets, net (including goodwill)24373838383832
Goodwill16272727272727
Intangible assets, net (excluding goodwill)810101011115
Other noncurrent assets00111112
Deferred tax assets, net0344
Other undisclosed noncurrent assets9887783
Total noncurrent assets:8910110296100103105
TOTAL ASSETS:210232224220225222226
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30383235393534
Accounts payable22272324282425
Accrued liabilities89991098
Taxes payable0211121
Deferred revenue001 
Debt222    
Deferred compensation liability     1 
Restructuring reserve 000000
Contract with customer, liability001 
Other undisclosed current liabilities0000001
Total current liabilities:33413635403636
Noncurrent Liabilities
Long-term debt and lease obligation4451  4
Long-term debt, excluding current maturities1111  4
Operating lease, liability334 
Liabilities, other than long-term debt11171719181819
Accounts payable and accrued liabilities3343334
Deferred compensation liability, classified8777778
Deferred tax liabilities, net3222
Business combination, contingent consideration, liability 666666
Other undisclosed noncurrent liabilities2430  1
Total noncurrent liabilities:17252520181824
Total liabilities:50666055585560
Stockholders' equity
Stockholders' equity attributable to parent160162160160163163161
Common stock1111111
Additional paid in capital44444444444646
Accumulated other comprehensive income0000000
Retained earnings115117116116118116114
Stockholders' equity attributable to noncontrolling interest0444455
Total stockholders' equity:160166164164167167166
TOTAL LIABILITIES AND EQUITY:210232224220225222226

Income statement (P&L) ($ in millions)

1/31/2020
Q3
10/31/2019
Q2
7/31/2019
Q1
4/30/2019
Q4
1/31/2019
Q3
10/31/2018
Q2
7/31/2018
Q1
Revenues72737571777771
Cost of revenue
(Cost of Goods and Services Sold)
(60)(59)(61)(59)(63)(64)(61)
Gross profit:12141312141311
Operating expenses(24)(10)(11)(12)(10)(10)(8)
Other undisclosed operating income6 0101 
Operating income (loss):(5)432442
Nonoperating income (expense)(0)00(0)(0)0(0)
Investment income, nonoperating0000000
Other nonoperating expense(0)(0)(0)(1)(0)(0)(0)
Interest and debt expense(0)(0)(0)(0) (0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(5)432442
Income (loss) from equity method investments(0)(0)0(0)0(0)(0)
Income (loss) from continuing operations before income taxes:(5)432442
Income tax expense (benefit)1(2)(2)(3)(1)(1)(1)
Net income (loss) attributable to parent:(4)21(2)331
Other undisclosed net income (loss) available to common stockholders, basic40000(0)(0)
Net income (loss) available to common stockholders, diluted:(0)21(1)331

Comprehensive Income ($ in millions)

1/31/2020
Q3
10/31/2019
Q2
7/31/2019
Q1
4/30/2019
Q4
1/31/2019
Q3
10/31/2018
Q2
7/31/2018
Q1
Net income (loss):(4)21(2)331
Other comprehensive income (loss)0000(0)(0)0
Comprehensive income (loss):(4)21(1)331
Comprehensive income (loss), net of tax, attributable to noncontrolling interest40000(0) 
Comprehensive income (loss), net of tax, attributable to parent:(0)21(1)331

Statements sources

The financial statements are based on the company's filings with the 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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