Franklin Covey Company (FC) Financial Statements (2025 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)

2/28/2025
MRQ
11/30/2024
MRQ
8/31/2024
8/31/2023
8/31/2022
8/31/2021
8/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53,29448,66338,23060,51747,417 
Cash and cash equivalent53,29448,66338,23060,51747,417 
Receivables61,41986,00281,93572,56170,68056,407
Inventory, net of allowances, customer advances and progress billings3,8284,0024,2133,5272,4962,974
Inventory3,8284,0024,2133,5272,4962,974
Prepaid expense  5,1114,4014,7113,2523,646
Other current assets  16,47516,23814,56712,86311,500
Other undisclosed current assets20,247    27,137
Total current assets:138,788160,253145,017155,883136,708101,664
Noncurrent Assets
Property, plant and equipment8,7338,73610,0399,79811,52515,723
Intangible assets, net (including goodwill)68,38368,98671,73176,05381,31771,345
Goodwill31,22031,22031,22031,22031,22024,220
Intangible assets, net (excluding goodwill)37,16337,76640,51144,83350,09747,125
Deferred income tax assets8348701,6614,6864,9511,094
Other noncurrent assets23,16822,69417,47112,73515,15315,611
Total noncurrent assets:101,118101,286100,902103,272112,946103,773
TOTAL ASSETS:239,906261,539245,919259,155249,654205,437
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29,85440,31634,75365,67741,92828,250
Employee-related liabilities20,608  
Accounts payable5,9617,8626,50110,8646,9485,622
Accrued liabilities23,89332,45428,25234,20534,98022,628
Deferred revenue88,868101,21895,38685,54374,77259,289
Debt3,0013,9479,3739,0348,7228,295
Other liabilities   12,13714,15011,117 
Other undisclosed current liabilities21,81516,972 (20,608) 6,694
Total current liabilities:143,538162,453151,649153,796136,539102,528
Noncurrent Liabilities
Long-term debt and lease obligation2,1011,3124,4247,96211,16129,048
Long-term debt, excluding current maturities789    29,048
Finance lease, liability1,3121,3124,4247,96211,161 
Liabilities, other than long-term debt13,62013,8649,6577,3159,11614,408
Deferred income tax liabilities2,9133,1322,0401993755,298
Other liabilities10,70710,7327,6177,1168,7419,110
Other undisclosed noncurrent liabilities  7751,5357,26812,975 
Total noncurrent liabilities:15,72115,95115,61622,54533,25243,456
Total liabilities:159,259178,404167,265176,341169,791145,984
Equity
Equity, attributable to parent80,64783,13578,65482,81479,86359,453
Common stock1,3531,3531,3531,3531,3531,353
Treasury stock, value(271,394)(272,467)(253,887)(220,264)(200,678)(204,429)
Additional paid in capital227,273231,813232,373220,246214,888211,920
Accumulated other comprehensive income (loss)(970)(768)(987)(542)709641
Retained earnings124,385123,20499,80282,02163,59149,968
Total equity:80,64783,13578,65482,81479,86359,453
TOTAL LIABILITIES AND EQUITY:239,906261,539245,919259,155249,654205,437

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

2/28/2025
TTM
11/30/2024
TTM
8/31/2024
8/31/2023
8/31/2022
8/31/2021
8/31/2020
Revenues287,919287,233280,521262,841224,168198,456
Cost of revenue
(Cost of Product and Service Sold)
(66,415)(66,161)(67,031)(60,929)(51,266)(53,086)
Gross profit:221,504221,072213,490201,912172,902145,370
Operating expenses(184,277)(179,877)(179,081)(159,783)(145,138)(131,615)
Other undisclosed operating loss(8,039)(8,153)(8,048)(18,455)(19,663)(10,697)
Operating income:29,18833,04226,36123,6748,1013,058
Nonoperating income
(Investment Income, Nonoperating)
1,1251,1231,091657356
Interest and debt expense (328) (1,583)(1,675)(2,099)(2,318)
Income from continuing operations before equity method investments, income taxes:29,98534,16525,86922,0646,075796
Other undisclosed loss from continuing operations before income taxes(628)(1,119)    
Income from continuing operations before income taxes:29,35733,04625,86922,0646,075796
Income tax expense (benefit)(9,625)(9,644)(8,088)(3,634)7,548(10,231)
Income (loss) from continuing operations:19,73223,40217,78118,43013,623(9,435)
Income (loss) before gain (loss) on sale of properties:18,43013,623(9,435)
Net income (loss) available to common stockholders, diluted:19,73223,40217,78118,43013,623(9,435)

Comprehensive Income ($ in thousands)

2/28/2025
TTM
11/30/2024
TTM
8/31/2024
8/31/2023
8/31/2022
8/31/2021
8/31/2020
Net income (loss):19,73223,40217,78118,43013,623(9,435)
Other comprehensive income (loss)  (11)(80)1761116
Other undisclosed comprehensive loss(11)     
Comprehensive income (loss):19,72123,39117,70118,60613,634(9,419)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(23)230(365)(1,427)57356
Comprehensive income (loss), net of tax, attributable to parent:19,69823,62117,33617,17913,691(9,063)

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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