Daktronics Inc. (DAKT) Financial Statements (2024 and earlier)

Company Profile

Business Address PO BOX 5128
BROOKINGS, SD 57006
State of Incorp. SD
Fiscal Year End April 30
Industry (SIC) 399 - Miscellaneous Manufacturing Industries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

4/30/2024
1/31/2024
MRQ
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments76,76424,51621,16377,59040,39835,383
Cash and cash equivalents76,76423,98217,14377,59040,39835,383
Short-term investments  5344,020   
Restricted cash and investments4297088652,81214359
Receivables102,376111,520104,50070,00176,64468,874
Inventory, net of allowances, customer advances and progress billings140,251149,448134,39274,35686,80378,832
Inventory140,251149,448134,39274,35686,80378,832
Contract with customer, asset, after allowance for credit loss47,85746,78941,68732,79935,46733,704
Asset, held-for-sale, not part of disposal group     1,8171,858
Other undisclosed current assets7,8539,67614,9637,44510,85934,663
Total current assets:375,530342,657317,570265,003252,002253,673
Noncurrent Assets
Property, plant and equipment72,40672,14766,76558,68267,48465,314
Long-term investments and receivables8,60812,19818,40621,52218,3711,214
Long-term investments8,51311,93416,91619,88717,257 
Accounts and financing receivable, after allowance for credit loss952641,4901,6351,1141,214
Intangible assets, net (including goodwill)4,1864,3759,39910,49711,0977,889
Goodwill3,2633,2397,9278,4147,7437,889
Intangible assets, net (excluding goodwill)9231,1361,4722,0833,354 
Deferred costs     1,357 
Deferred income tax assets16,83516,86713,33111,94413,271
Other undisclosed noncurrent assets21,64119,86015,4057,5169,06921,126
Total noncurrent assets:123,676125,447123,306110,161120,64995,543
TOTAL ASSETS:499,206468,104440,876375,164372,651349,216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities86,313103,527111,68071,66185,30477,402
Taxes payable408738844468
Accounts payable49,48967,52276,31340,25147,83444,873
Accrued liabilities36,82436,00534,95930,67236,62632,061
Deferred revenue68,93691,54990,39364,49550,897
Debt1,500     
Provision for loss on contracts     422,353
Due to related parties 296   
Contract with customer, liability47,178
Other undisclosed current liabilities13,51215,08711,32510,4649,7227,139
Total current liabilities:170,261210,163213,694146,620145,965134,072
Noncurrent Liabilities
Long-term debt and lease obligation48,46617,750    
Long-term debt, excluding current maturities48,46617,750    
Liabilities, other than long-term debt44,23339,31335,61834,99049,70627,481
Accounts payable and accrued liabilities21,80620,31317,73416,04415,86014,978
Deferred revenue16,34713,09610,99810,72010,707
Contract with customer, liability10,053
Deferred tax liabilities, net533
Deferred income tax liabilities198195287410452
Liability for uncertainty in income taxes     582578
Other liabilities5,8825,7096,5997,81622,1051,339
Total noncurrent liabilities:92,69957,06335,61834,99049,70627,481
Total liabilities:262,960267,226249,312181,610195,671161,553
Equity
Equity, attributable to parent236,246200,878191,564193,554176,980187,663
Common stock65,37163,02361,79460,57560,01057,699
Treasury stock, value(10,285)(10,285)(10,285)(7,297)(7,470)(1,834)
Additional paid in capital51,55450,25948,37246,59544,62742,561
Accumulated other comprehensive loss(5,907)(5,529)(4,925)(2,335)(5,277)(4,356)
Retained earnings135,513103,41096,60896,01685,09093,593
Total equity:236,246200,878191,564193,554176,980187,663
TOTAL LIABILITIES AND EQUITY:499,206468,104440,876375,164372,651349,216

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

4/30/2024
1/31/2024
TTM
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
Revenues812,065754,196610,970482,033608,932569,704
Cost of revenue(592,857)(602,841)(494,273)(361,450)(470,232)(439,410)
Gross profit:219,208151,355116,697120,583138,700130,294
Operating expenses(133,257)(129,967)(112,651)(103,475)(138,867)(135,022)
Operating income (loss):85,95121,3884,04617,108(167)(4,728)
Nonoperating income (expense)(14,309)(8,131)(2,938)(2,753)264(56)
Investment income, nonoperating(3,151)(920)1712308051,031
Other nonoperating expense(11,158)(7,211)(3,109)(2,983)(541)(1,087)
Interest and debt expense(3,353)  (295)(106)(160)
Income (loss) from continuing operations before equity method investments, income taxes:68,28913,2571,10814,060(9)(4,944)
Loss from equity method investments(3,332)(3,332)(2,970)(2,370)(741)(844)
Other undisclosed income (loss) from continuing operations before income taxes(4,885)3,3322,9702,370741844
Income (loss) from continuing operations before income taxes:60,07213,2571,10814,060(9)(4,944)
Income tax expense (benefit)(6,570)(6,455)(516)(3,134)5003,986
Income (loss) from continuing operations:53,5026,80259210,926491(958)
Income (loss) before gain (loss) on sale of properties:59210,926491(958)
Net income (loss) available to common stockholders, basic:53,5026,80259210,926491(958)
Interest on convertible debt 404     
Net income (loss) available to common stockholders, diluted:53,9066,80259210,926491(958)

Comprehensive Income ($ in thousands)

4/30/2024
1/31/2024
TTM
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
Net income (loss):53,5026,80259210,926491(958)
Comprehensive income (loss):53,5026,80259210,926491(958)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(801)(604)(2,590)2,942(921)(1,642)
Comprehensive income (loss), net of tax, attributable to parent:52,7016,198(1,998)13,868(430)(2,600)

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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