Franklin Covey Company (FC) financial statements (2021 and earlier)

Company profile

Business Address 2200 W PARKWAY BLVD
SALT LAKE CITY, UT 84119-2331
State of Incorp. UT
Fiscal Year End August 31
SIC 8741 - Management Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34  1091016
Cash and cash equivalents34  1091016
Receivables43567372686868
Inventory, net of allowances, customer advances and progress billings3333354
Inventory3333354
Prepaid expense 444433
Other current assets 121111833
Other undisclosed current assets152728   2
Total current assets:95102119100929095
Noncurrent Assets
Property, plant and equipment14161921201615
Long-term investments and receivables    112
Due from related parties    112
Intangible assets, net (including goodwill)70717276827073
Goodwill24242424242020
Intangible assets, net (excluding goodwill)46474852575053
Deferred income tax assets11 
Other noncurrent assets16161013171415
Deferred tax assets, net5    
Other undisclosed noncurrent assets   3   
Total noncurrent assets:101104106114119101105
TOTAL ASSETS:196205225214211191201
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26283431322847
Accounts payable4610109108
Accrued liabilities22232421231730
Employee-related liabilities      9
Taxes payable  1  00
Deferred revenue5659 
Debt88104433
Deferred revenue and credits412113
Contract with customer, liability56 
Other liabilities8      
Other undisclosed current liabilities 746042(23)
Total current liabilities:9710310495815440
Noncurrent Liabilities
Long-term debt and lease obligation27293233383349
Long-term debt, excluding current maturities27293233383325
Capital lease obligations   25
Liabilities, other than long-term debt14148663 
Deferred income tax liabilities55 
Other liabilities998663 
Other undisclosed noncurrent liabilities  0017(14)
Total noncurrent liabilities:41433939454336
Total liabilities:1381461431331269775
Stockholders' equity
Stockholders' equity attributable to parent595982818594126
Common stock1111111
Treasury stock, value(202)(204)(195)(196)(199)(197)(154)
Additional paid in capital210212216211212211209
Accumulated other comprehensive income1100110
Retained earnings49505964697770
Total stockholders' equity:595982818594126
TOTAL LIABILITIES AND EQUITY:196205225214211191201

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

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues188198225210185200210
Revenue, net185200210
Cost of revenue
(Cost of Goods and Services Sold)
(48)(53)(66)(61)(63)(65)(72)
Gross profit:140145159148123135138
Operating expenses(130)(132)(145)(141)(123)(114)(115)
Other operating expense, net     (1) 
Other undisclosed operating loss(7)(11)(11)(11)(8)(6)(3)
Operating income (loss):333(3)(9)1420
Nonoperating income (expense)000000(1)
Investment income, nonoperating0000000
Foreign currency transaction loss, before tax      (1)
Interest and debt expense(2)(2)(2)(3)(2)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:110(6)(11)1217
Other undisclosed income from continuing operations before income taxes  00  1
Income (loss) from continuing operations before income taxes:111(6)(11)1217
Income tax expense (benefit)(11)(10)(2)(0)4(5)(6)
Net income (loss) available to common stockholders, diluted:(10)(9)(1)(6)(7)711

Comprehensive Income ($ in millions)

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Net income (loss):(10)(9)(1)(6)(7)711
Other comprehensive income (loss) 0(0)(0)000
Other undisclosed comprehensive income0      
Comprehensive income (loss):(10)(9)(1)(6)(7)711
Other undisclosed comprehensive income (loss), net of tax, attributable to parent10(0)(0)(1)1(1)
Comprehensive income (loss), net of tax, attributable to parent:(9)(9)(1)(6)(8)810

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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