Educational Development Corporation (EDUC) Financial Statements (2025 and earlier)

Company Profile

Business Address 5402 SOUTH 122ND EAST AVE
TULSA, OK 74146
State of Incorp. DE
Fiscal Year End February 28
Industry (SIC) 519 - Miscellaneous Non-durable Goods (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

2/28/2025
11/30/2024
MRQ
2/29/2024
2/28/2023
2/28/2022
2/28/2021
2/29/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2898456893611,8122,999
Cash and cash equivalent2,2898456893611,8122,999
Restricted cash and investments936433    
Receivables2,1751,9372,9073,6393,3473,189
Inventory, net of allowances, customer advances and progress billings32,05943,91359,08771,55451,76230,087
Inventory32,05943,91359,08771,55451,76230,087
Asset, held-for-sale, not part of disposal group19,25018,281    
Other undisclosed current assets8436318699611,219951
Total current assets:57,55266,03963,55276,51458,14137,226
Noncurrent Assets
Inventory, Noncurrent14,72911,6774,7202,0556851,017
Operating lease, right-of-use asset1,2571,615    
Property, plant and equipment6,9648,94029,65630,48429,95126,378
Deferred income tax assets2,6641,407797119  
Other noncurrent assets4374281,2127627482
Total noncurrent assets:26,05024,06636,38533,42030,71027,477
TOTAL ASSETS:83,60290,10599,937109,93488,85164,703
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,3953,9103,86415,67323,99711,736
Interest and dividends payable871835417
Taxes payable500  
Employee-related liabilities1,8903,4881,657
Accounts payable2,3333,9103,86412,41219,6749,661
Accrued liabilities 2,062     
Deferred revenue1,3785846036821,914385
Debt1,8001,80034,8952,5425341,027
Other liabilities3,2323,3383,2943,8986,0953,238
Other undisclosed current liabilities5,0047,38311,46317,4665,376 
Total current liabilities:15,80917,01554,11840,26037,91516,387
Noncurrent Liabilities
Long-term debt and lease obligation 25,32426,641 22,41010,45117,784
Long-term debt, excluding current maturities 25,32426,641 22,41010,45117,784
Liabilities, other than long-term debt6629995874992241,139
Deferred income tax liabilities     90993
Other liabilities111111587499134146
Operating lease, liability551888    
Total noncurrent liabilities:25,98627,64058722,90810,67518,923
Total liabilities:41,79544,65454,70563,16848,59135,310
Equity
Equity, attributable to parent41,80745,45145,23246,76640,26029,393
Common stock2,5402,5402,5402,5402,4822,482
Treasury stock, value(13,059)(13,086)(12,522)(12,547)(12,769)(12,665)
Additional paid in capital13,69913,40513,19312,24710,8649,844
Accumulated other comprehensive income (loss)(22)24    
Retained earnings38,64942,56742,02044,52539,68329,732
Total equity:41,80745,45145,23246,76640,26029,393
TOTAL LIABILITIES AND EQUITY:83,60290,10599,937109,93488,85164,703

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

2/28/2025
11/30/2024
TTM
2/29/2024
2/28/2023
2/28/2022
2/28/2021
2/29/2020
Revenues5,73651,03087,829142,229204,635113,012
Cost of revenue
(Cost of Product and Service Sold)
(2,758)(18,045)(31,759)(44,298)(60,037)(36,863)
Gross profit:2,97932,98556,07097,931144,59876,149
Operating expenses(13,775)(38,886)(58,652)(87,690)(128,642)(69,106)
Operating income (loss):(10,796)(5,901)(2,582)10,24115,9567,043
Nonoperating income
(Other Nonoperating income)
1,7469,394    
Interest and debt expense (1,242)(2,759)(2,172)(916)(561)(888)
Other undisclosed income from continuing operations before equity method investments, income taxes 9,394   1,8361,597
Income (loss) from continuing operations before equity method investments, income taxes:(898)735(4,754)9,32517,2317,752
Other undisclosed income (loss) from continuing operations before income taxes(2,873) 1,3271,911  
Income (loss) from continuing operations before income taxes:(3,771)735(3,427)11,23617,2317,752
Income tax expense (benefit)985(188)922(2,929)(4,607)(2,107)
Income (loss) from continuing operations:(2,787)546(2,505)8,30712,6245,645
Income before gain (loss) on sale of properties:8,30712,6245,645
Net income (loss) available to common stockholders, diluted:(2,787)546(2,505)8,30712,6245,645

Comprehensive Income ($ in thousands)

2/28/2025
11/30/2024
TTM
2/29/2024
2/28/2023
2/28/2022
2/28/2021
2/29/2020
Net income (loss):(2,787)546(2,505)8,30712,6245,645
Other comprehensive income (loss)(46)24    
Other undisclosed comprehensive income 24     
Comprehensive income (loss), net of tax, attributable to parent:(2,808)571(2,505)8,30712,6245,645

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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