Educational Development Corporation (EDUC) Financial Statements (2024 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)

8/31/2023
MRQ
2/28/2023
11/30/2022
MRQ
2/28/2022
2/28/2021
2/29/2020
2/28/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6896553611,8122,9993,199
Cash and cash equivalents6896553611,8122,9993,199
Restricted cash and investments      
Receivables2,9075,6923,6393,3473,1893,259
Inventory, net of allowances, customer advances and progress billings59,08760,97071,55451,76230,08733,446
Inventory59,08760,97071,55451,76230,08733,446
Asset, held-for-sale, not part of disposal group      
Other undisclosed current assets8691,6079611,2199511,604
Total current assets:63,55268,92476,51458,14137,22641,507
Noncurrent Assets
Inventory, Noncurrent4,7203,2952,0556851,017575
Property, plant and equipment29,65629,67030,48429,95126,37827,165
Deferred income tax assets797 119  
Other noncurrent assets1,212864762748220
Total noncurrent assets:36,38533,82933,42030,71027,47727,759
TOTAL ASSETS:99,937102,752109,93488,85164,70369,266
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8645,96015,67323,99711,73616,678
Interest and dividends payable871835417410
Taxes payable500   
Employee-related liabilities1,8903,4881,6572,039
Accounts payable3,8643,92912,41219,6749,66114,229
Accrued liabilities 2,032    
Deferred revenue6031,4106821,914385
Debt34,8951,8002,5425341,027946
Other liabilities3,2943,3573,8986,0953,2384,178
Other undisclosed current liabilities11,4638,99517,4665,376 1,722
Total current liabilities:54,11821,52240,26037,91516,38723,524
Noncurrent Liabilities
Long-term debt and lease obligation 33,53422,41010,45117,78418,831
Long-term debt, excluding current maturities 33,53422,41010,45117,78418,831
Liabilities, other than long-term debt5878134992241,139982
Deferred tax liabilities, net873
Deferred income tax liabilities  440 90993
Other liabilities587373499134146109
Total noncurrent liabilities:58734,34722,90810,67518,92319,812
Total liabilities:54,70555,86963,16848,59135,31043,336
Equity
Equity, attributable to parent45,23246,88446,76640,26029,39325,931
Common stock2,5402,5402,5402,4822,4822,418
Treasury stock, value(12,522)(12,522)(12,547)(12,769)(12,665)(11,218)
Additional paid in capital13,19312,92612,24710,8649,8448,975
Accumulated other comprehensive income      
Retained earnings42,02043,94044,52539,68329,73225,755
Total equity:45,23246,88446,76640,26029,39325,931
TOTAL LIABILITIES AND EQUITY:99,937102,752109,93488,85164,70369,266

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

8/31/2023
TTM
2/28/2023
11/30/2022
TTM
2/28/2022
2/28/2021
2/29/2020
2/28/2019
Revenues87,82950,785142,229204,635113,012118,811
Other income1,3271,7811,9111,8361,5971,560
Cost of revenue
(Cost of Goods and Services Sold)
(31,759)(21,827)(44,298)(60,037)(36,863)(39,064)
Gross profit:56,07028,95897,931144,59876,14979,748
Operating expenses(58,652)(32,549)(87,690)(128,642)(69,106)(71,195)
Operating income (loss):(2,582)(3,591)10,24115,9567,0438,552
Nonoperating income      
Investment income, nonoperating      
Interest and debt expense(2,172)(1,992)(916)(561)(888)(931)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (1,306) 1,8361,5971,560
Income (loss) from continuing operations before equity method investments, income taxes:(4,754)(6,888)9,32517,2317,7529,181
Other undisclosed income from continuing operations before income taxes1,3273,0871,911   
Income (loss) from continuing operations before income taxes:(3,427)(3,801)11,23617,2317,7529,181
Income tax expense (benefit)9221,067(2,929)(4,607)(2,107)(2,502)
Income (loss) from continuing operations:(2,505)(2,734)8,30712,6245,6456,678
Income (loss) before gain (loss) on sale of properties:(2,735)8,30712,6245,6456,678
Net income (loss) available to common stockholders, diluted:(2,505)(2,734)8,30712,6245,6456,678

Comprehensive Income ($ in thousands)

8/31/2023
TTM
2/28/2023
11/30/2022
TTM
2/28/2022
2/28/2021
2/29/2020
2/28/2019
Net income (loss):(2,505)(2,734)8,30712,6245,6456,678
Comprehensive income (loss):(2,505)(2,734)8,30712,6245,6456,678
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(2,505)(2,734)8,30712,6245,6456,678

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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