ESCO Technologies Inc. (ESE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
9900 A CLAYTON RD ST LOUIS, MO 63124 |
| State of Incorp. | MO |
| Fiscal Year End | September 30 |
| Industry (SIC) | 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 MRQ | 9/30/2023 | 12/31/2022 MRQ | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 41,866 | 51,922 | 97,724 | 56,232 | 52,560 | 61,808 | |||
| Cash and cash equivalents | 41,866 | 51,922 | 97,724 | 56,232 | 52,560 | 61,808 | |||
| Receivables | 198,557 | 159,658 | 164,645 | 146,341 | 144,082 | 174,427 | |||
| Inventory, net of allowances, customer advances and progress billings | 184,067 | 181,743 | 162,403 | 147,148 | 136,189 | 128,825 | |||
| Inventory | 184,067 | 181,743 | 162,403 | 147,148 | 136,189 | 128,825 | |||
| Contract with customer, asset, after allowance for credit loss | 138,633 | 122,518 | 125,154 | 93,771 | 96,746 | 115,310 | |||
| Other current assets | 17,972 | 18,930 | 22,696 | 22,662 | 17,053 | 14,824 | |||
| Total current assets: | 581,095 | 534,771 | 572,622 | 466,154 | 446,630 | 495,194 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 39,839 | 42,156 | 29,150 | 31,846 | 21,390 | ||||
| Property, plant and equipment | 155,484 | 155,722 | 155,973 | 154,265 | 139,870 | 161,470 | |||
| Intangible assets, net (including goodwill) | 895,301 | 893,207 | 887,173 | 914,103 | 754,695 | 802,262 | |||
| Goodwill | 503,177 | 498,383 | 492,709 | 504,853 | 408,063 | 409,215 | |||
| Intangible assets, net (excluding goodwill) | 392,124 | 394,824 | 394,464 | 409,250 | 346,632 | 393,047 | |||
| Other noncurrent assets | 11,495 | 10,133 | 9,538 | 10,977 | 10,938 | 7,794 | |||
| Total noncurrent assets: | 1,102,119 | 1,101,218 | 1,081,834 | 1,111,191 | 926,893 | 971,526 | |||
| TOTAL ASSETS: | 1,683,214 | 1,635,989 | 1,654,456 | 1,577,345 | 1,373,523 | 1,466,720 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 182,374 | 151,540 | 213,692 | 148,950 | 133,110 | 149,197 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 40,572 | 39,768 | 32,149 | 38,531 | ||
| Accounts payable | 86,973 | 73,770 | 78,746 | 56,669 | 50,525 | 71,370 | |||
| Accrued liabilities | 95,401 | 77,770 | 94,374 | 52,513 | 50,436 | 39,296 | |||
| Deferred revenue | 112,277 | 121,220 | 125,009 | 108,814 | 100,551 | 81,177 | |||
| Debt | 20,000 | 20,000 | 20,000 | 20,000 | 22,368 | ||||
| Other undisclosed current liabilities | (40,572) | 21,261 | |||||||
| Total current liabilities: | 314,651 | 292,760 | 318,129 | 277,764 | 256,029 | 251,635 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 82,000 | 112,000 | 157,853 | 162,032 | 40,000 | 265,000 | |||
| Long-term debt, excluding current maturities | 82,000 | 112,000 | 133,000 | 134,000 | 40,000 | 265,000 | |||
| Liabilities, other than long-term debt | 155,421 | 164,831 | 130,317 | 117,853 | 115,899 | 123,863 | |||
| Deferred income tax liabilities | 75,531 | 81,213 | 82,023 | 73,560 | 60,938 | 64,855 | |||
| Liability, pension and other postretirement and postemployment benefits | 2,481 | 22,682 | |||||||
| Other liabilities | 43,336 | 45,272 | 48,294 | 44,293 | 52,480 | 36,326 | |||
| Operating lease, liability | 36,554 | 38,346 | 24,853 | 28,032 | |||||
| Total noncurrent liabilities: | 237,421 | 276,831 | 288,170 | 279,885 | 155,899 | 388,863 | |||
| Total liabilities: | 552,072 | 569,591 | 606,299 | 557,649 | 411,928 | 640,498 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,131,142 | 1,066,398 | 1,048,157 | 1,019,696 | 961,595 | 826,222 | |||
| Common stock | 308 | 307 | 307 | 307 | 306 | 306 | |||
| Treasury stock, value | (139,362) | (132,037) | (126,961) | (107,083) | (107,134) | (107,259) | |||
| Additional paid in capital | 304,850 | 300,697 | 301,553 | 297,644 | 293,682 | 292,408 | |||
| Accumulated other comprehensive loss | (23,969) | (20,251) | (31,764) | (2,161) | (3,657) | (43,974) | |||
| Retained earnings | 989,315 | 917,682 | 905,022 | 830,989 | 778,398 | 684,741 | |||
| Total equity: | 1,131,142 | 1,066,398 | 1,048,157 | 1,019,696 | 961,595 | 826,222 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,683,214 | 1,635,989 | 1,654,456 | 1,577,345 | 1,373,523 | 1,466,720 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 TTM | 9/30/2023 | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 956,033 | 885,993 | 857,502 | 715,440 | 732,915 | 812,970 | ||
| Cost of revenue | (580,377) | (543,535) | (525,457) | (445,045) | (457,418) | (508,521) | ||
| Gross profit: | 375,656 | 342,458 | 332,045 | 270,395 | 275,497 | 304,449 | ||
| Operating expenses | (246,063) | (226,124) | (221,063) | (188,363) | (181,302) | (191,597) | ||
| Other operating income (expense), net | (1,877) | (61) | 304 | 894 | (7,122) | (2,240) | ||
| Operating income: | 127,716 | 116,273 | 111,286 | 82,926 | 87,073 | 110,612 | ||
| Interest and debt expense | (8,800) | (5,825) | (4,900) | (2,200) | (971) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (46,359) | (8,396) | ||||||
| Income from continuing operations before equity method investments, income taxes: | 118,916 | 110,448 | 106,386 | 80,726 | 39,743 | 102,216 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 31 | 49 | 49 | (55) | ||||
| Income from continuing operations before income taxes: | 118,947 | 110,497 | 106,435 | 80,671 | 39,743 | 102,216 | ||
| Income tax expense | (26,402) | (24,974) | (24,115) | (17,175) | (14,278) | (21,177) | ||
| Income from continuing operations: | 92,545 | 85,523 | 82,320 | 63,496 | 25,465 | 81,039 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 70,796 | 82,320 | 63,496 | 25,465 | 81,039 | |
| Net income: | 92,545 | 85,523 | 82,320 | 63,496 | 25,465 | 81,039 | ||
| Other undisclosed net income attributable to parent | 76,515 | |||||||
| Net income available to common stockholders, diluted: | 92,545 | 85,523 | 82,320 | 63,496 | 101,980 | 81,039 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 TTM | 9/30/2023 | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 92,545 | 85,523 | 82,320 | 63,496 | 25,465 | 81,039 | ||
| Other comprehensive income | 1,817 | |||||||
| Comprehensive income: | 92,545 | 85,523 | 82,320 | 63,496 | 25,465 | 82,856 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 7,795 | (15,590) | (29,603) | 1,496 | 116,832 | (14,263) | ||
| Comprehensive income, net of tax, attributable to parent: | 100,340 | 69,933 | 52,717 | 64,992 | 142,297 | 68,593 | ||
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.