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)

8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
5/31/2022
Q3
2/28/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39,32955,12158,15260,51752,06861,062
Cash and cash equivalents39,32955,12158,15260,51752,06861,062
Receivables55,47653,72957,35272,56150,43047,726
Inventory, net of allowances, customer advances and progress billings4,5733,4683,4773,5273,3562,472
Inventory4,5733,4683,4773,5273,3562,472
Prepaid expense   4,711  
Other current assets   14,567  
Other undisclosed current assets 17,35218,53217,364 16,23316,105
Total current assets:116,730130,850136,345155,883122,087127,365
Noncurrent Assets
Property, plant and equipment9,6999,8539,4659,7989,59110,032
Intangible assets, net (including goodwill)72,80273,87174,96276,05377,21378,545
Goodwill31,22031,22031,22031,22031,22031,220
Intangible assets, net (excluding goodwill)41,58242,65143,74244,83345,99347,325
Deferred income tax assets2,2703,5554,2794,6866,2693,658
Other noncurrent assets16,22315,95612,37812,73513,23613,864
Total noncurrent assets:100,994103,235101,084103,272106,309106,099
TOTAL ASSETS:217,724234,085237,429259,155228,396233,464
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,04227,14230,25865,67736,63729,946
Employee-related liabilities20,608
Accounts payable7,1028,4886,87810,8648,0676,644
Accrued liabilities23,94018,65423,38034,20528,57023,302
Deferred revenue70,41974,08974,39485,54366,64668,583
Debt9,2859,2009,1169,0348,9548,875
Other liabilities17,66014,61913,90614,15016,64612,349
Other undisclosed current liabilities    (20,608)  
Total current liabilities:128,406125,050127,674153,796128,883119,753
Noncurrent Liabilities
Long-term debt and lease obligation8,10811,05613,1507,96217,28420,141
Long-term debt, excluding current maturities 2,7644,8236,045 8,49010,543
Finance lease, liability5,3446,2337,1057,9628,7949,598
Liabilities, other than long-term debt6,7036,6186,9877,3157,2837,442
Deferred income tax liabilities199199199199375375
Other liabilities6,5046,4196,7887,1166,9087,067
Other undisclosed noncurrent liabilities   7,268  
Total noncurrent liabilities:14,81117,67420,13722,54524,56727,583
Total liabilities:143,217142,724147,811176,341153,450147,336
Equity
Equity, attributable to parent74,50791,36189,61882,81474,94686,128
Common stock1,3531,3531,3531,3531,3531,353
Treasury stock, value(248,305)(223,536)(220,164)(220,264)(220,509)(200,387)
Additional paid in capital229,134225,643222,413220,246217,862215,348
Accumulated other comprehensive income (loss)(665)(526)(672)(542)(203)533
Retained earnings92,99088,42786,68882,02176,44369,281
Total equity:74,50791,36189,61882,81474,94686,128
TOTAL LIABILITIES AND EQUITY:217,724234,085237,429259,155228,396233,464

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

8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
5/31/2022
Q3
2/28/2022
Q2
Revenues71,44161,75669,36978,80666,17656,599
Cost of revenue
(Cost of Goods and Services Sold)
(17,208)(14,546)(16,627)(19,739)(15,044)(12,485)
Gross profit:54,23347,21052,74259,06751,13244,114
Operating expenses(45,641)(42,338)(44,012)(39,741)(42,637)(38,061)
Other undisclosed operating loss(2,020)(2,044)(2,338)(10,663)(2,546)(2,536)
Operating income:6,5722,8286,3928,6635,9493,517
Nonoperating income
(Investment Income, Nonoperating)
36236281172112
Interest and debt expense(354)(409)(410)(401)(405)(423)
Income from continuing operations before income taxes:6,5802,7816,0638,2795,5653,106
Income tax expense (benefit)(2,017)(1,042)(1,396)(2,701)1,597(1,228)
Income from continuing operations:4,5631,7394,6675,5787,1621,878
Income before gain (loss) on sale of properties:5,5787,1621,878
Net income available to common stockholders, diluted:4,5631,7394,6675,5787,1621,878

Comprehensive Income ($ in thousands)

8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
5/31/2022
Q3
2/28/2022
Q2
Net income:4,5631,7394,6675,5787,1621,878
Other undisclosed comprehensive income (loss)   176  
Comprehensive income:4,5631,7394,6675,7547,1621,878
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(139)146(130)(515)(736)(32)
Comprehensive income, net of tax, attributable to parent:4,4241,8854,5375,2396,4261,846

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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