Franklin Covey Company (FC) Financial Statements (2024 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
Industry (SIC) 8741 - Management Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

2/29/2024
MRQ
11/30/2023
MRQ
8/31/2023
8/31/2022
8/31/2021
8/31/2020
8/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,95938,23060,51747,417  
Cash and cash equivalents33,95938,23060,51747,417  
Receivables59,86081,93572,56170,68056,40773,227
Inventory, net of allowances, customer advances and progress billings4,1174,2133,5272,4962,9743,481
Inventory4,1174,2133,5272,4962,9743,481
Prepaid expense  4,4014,7113,2523,6463,906
Other current assets  16,23814,56712,86311,50011,027
Other undisclosed current assets19,306   27,13727,699
Total current assets:117,242145,017155,883136,708101,664119,340
Noncurrent Assets
Property, plant and equipment9,51710,0399,79811,52515,72318,579
Intangible assets, net (including goodwill)70,66371,73176,05381,31771,34571,910
Goodwill31,22031,22031,22031,22024,22024,220
Intangible assets, net (excluding goodwill)39,44340,51144,83350,09747,12547,690
Deferred income tax assets1,6791,6614,6864,9511,094 
Other noncurrent assets19,72117,47112,73515,15315,61110,039
Deferred tax assets, net5,045
Total noncurrent assets:101,580100,902103,272112,946103,773105,573
TOTAL ASSETS:218,822245,919259,155249,654205,437224,913
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,96734,75365,67741,92828,25033,987
Taxes payable  764
Employee-related liabilities20,608   
Accounts payable5,6676,50110,8646,9485,6229,668
Accrued liabilities21,30028,25234,20534,98022,62823,555
Deferred revenue83,48495,38685,54374,77259,289 
Debt8,2129,3739,0348,7228,2959,670
Other liabilities16,02312,13714,15011,117  
Contract with customer, liability56,250
Other undisclosed current liabilities   (20,608) 6,6943,637
Total current liabilities:134,686151,649153,796136,539102,528103,544
Noncurrent Liabilities
Long-term debt and lease obligation5,0344,4247,96211,16129,04831,648
Long-term debt, excluding current maturities1,556   29,04831,648
Finance lease, liability3,4784,4247,96211,161  
Liabilities, other than long-term debt8,6019,6577,3159,11614,4087,527
Deferred income tax liabilities1,0112,0401993755,298 
Other liabilities7,5907,6177,1168,7419,1107,527
Other undisclosed noncurrent liabilities  1,5357,26812,975 180
Total noncurrent liabilities:13,63515,61622,54533,25243,45639,355
Total liabilities:148,321167,265176,341169,791145,984142,899
Equity
Equity, attributable to parent70,50178,65482,81479,86359,45382,014
Common stock1,3531,3531,3531,3531,3531,353
Treasury stock, value(259,270)(253,887)(220,264)(200,678)(204,429)(194,975)
Additional paid in capital224,701232,373220,246214,888211,920215,964
Accumulated other comprehensive income (loss)(936)(987)(542)709641269
Retained earnings104,65399,80282,02163,59149,96859,403
Total equity:70,50178,65482,81479,86359,45382,014
TOTAL LIABILITIES AND EQUITY:218,822245,919259,155249,654205,437224,913

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

2/29/2024
TTM
11/30/2023
TTM
8/31/2023
8/31/2022
8/31/2021
8/31/2020
8/31/2019
Revenues279,552280,521262,841224,168198,456225,356
Cost of revenue
(Cost of Goods and Services Sold)
(66,527)(67,031)(60,929)(51,266)(53,086)(66,042)
Gross profit:213,025213,490201,912172,902145,370159,314
Operating expenses(180,436)(179,081)(159,783)(145,138)(131,615)(145,319)
Other undisclosed operating loss(7,292)(8,048)(18,455)(19,663)(10,697)(11,340)
Operating income:25,29726,36123,6748,1013,0582,655
Nonoperating income
(Investment Income, Nonoperating)
1,2991,09165735637
Interest and debt expense(1,514)(1,583)(1,675)(2,099)(2,318)(2,358)
Income from continuing operations before equity method investments, income taxes:25,08225,86922,0646,075796334
Other undisclosed income from continuing operations before income taxes      258
Income from continuing operations before income taxes:25,08225,86922,0646,075796592
Income tax expense (benefit)(7,117)(8,088)(3,634)7,548(10,231)(1,615)
Income (loss) from continuing operations:17,96517,78118,43013,623(9,435)(1,023)
Income (loss) before gain (loss) on sale of properties:18,43013,623(9,435)(1,023)
Net income (loss) available to common stockholders, diluted:17,96517,78118,43013,623(9,435)(1,023)

Comprehensive Income ($ in thousands)

2/29/2024
TTM
11/30/2023
TTM
8/31/2023
8/31/2022
8/31/2021
8/31/2020
8/31/2019
Net income (loss):17,96517,78118,43013,623(9,435)(1,023)
Other comprehensive income (loss)  (80)1761116(5)
Other undisclosed comprehensive loss(80)     
Comprehensive income (loss):17,88517,70118,60613,634(9,419)(1,028)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(184)(365)(1,427)57356(67)
Comprehensive income (loss), net of tax, attributable to parent:17,70117,33617,17913,691(9,063)(1,095)

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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