Educational Development Corporation (EDUC) financial statements (2020 and earlier)

Company profile

Business Address 10302 E 55TH PL #B
TULSA, OK 74146
State of Incorp. DE
Fiscal Year End February 28
SIC 519 - Miscellaneous Non-durable Goods (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments933110
Cash and cash equivalents933110
Receivables433333
Inventory, net of allowances, customer advances and progress billings303327341711
Inventory303327341711
Other undisclosed current assets121111
Total current assets:444233392315
Noncurrent Assets
Inventory, Noncurrent110000
Property, plant and equipment27272827272
Other noncurrent assets000000
Deferred tax assets, net  (0)  
Other undisclosed noncurrent assets   000
Total noncurrent assets:27282827273
TOTAL ASSETS:716962665018
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1717141994
Accounts payable1214121882
Accrued liabilities     0
Employee-related liabilities322111
Taxes payable1    0
Interest and dividends payable00  00
Deferred revenue0
Debt111111
Deferred revenue and credits 13 
Other liabilities443321
Other undisclosed current liabilities 2264(0)
Total current liabilities:23242130196
Noncurrent Liabilities
Long-term debt and lease obligation1819202118 
Long-term debt, excluding current maturities1819202118 
Operating lease, liability0
Liabilities, other than long-term debt0100  
Deferred tax liabilities, net100  
Other liabilities000   
Other undisclosed noncurrent liabilities1     
Total noncurrent liabilities:1920202118 
Total liabilities:42434151366
Stockholders' equity
Stockholders' equity attributable to parent292620151312
Common stock221111
Treasury stock, value(12)(11)(11)(11)(11)(11)
Additional paid in capital1099999
Retained earnings302622161514
Total stockholders' equity:292620151312
TOTAL LIABILITIES AND EQUITY:716962665018

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

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
Revenues1161191121076433
Revenue, net 1076433
Cost of revenue
(Cost of Goods and Services Sold)
(38)(39)(31)(29)(20)(16)
Other undisclosed gross profit     4
Gross profit:788081784320
Operating expenses(71)(71)(74)(74)(40)(18)
Operating income:797431
Nonoperating income
(Other Nonoperating income)
     0
Interest and debt expense(1)(1)(1)(1)(0) 
Other undisclosed income from continuing operations before equity method investments, income taxes22220 
Income from continuing operations before income taxes:898541
Income tax expense(2)(3)(3)(2)(1)(1)
Net income available to common stockholders, diluted:675321

Comprehensive Income ($ in millions)

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
Net income:675321
Comprehensive income, net of tax, attributable to parent:675321

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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