Hurco Companies Inc. (HURC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
ONE TECHNOLOGY WAY INDIANAPOLIS, IN 46268 |
| State of Incorp. | IN |
| Fiscal Year End | October 31 |
| Industry (SIC) | 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 4/30/2024 MRQ | 1/31/2024 MRQ | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 37,936 | 41,784 | 63,922 | 84,063 | 57,859 | 56,943 | |||
| Cash and cash equivalents | 37,936 | 41,784 | 63,922 | 84,063 | 57,859 | 56,943 | |||
| Receivables | 33,131 | 39,965 | 38,444 | 42,620 | 27,686 | 43,279 | |||
| Inventory, net of allowances, customer advances and progress billings | 165,044 | 157,952 | 156,207 | 148,216 | 149,864 | 148,851 | |||
| Inventory | 165,044 | 157,952 | 156,207 | 148,216 | 149,864 | 148,851 | |||
| Prepaid expense | 10,204 | 13,091 | 13,803 | 9,414 | |||||
| Derivative instruments and hedges, assets | 768 | 740 | 2,515 | 905 | 968 | 1,391 | |||
| Other current assets | 975 | 1,231 | 1,983 | ||||||
| Other undisclosed current assets | 7,789 | 6,981 | |||||||
| Total current assets: | 247,083 | 248,230 | 268,069 | 289,870 | 251,411 | 261,861 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 12,016 | 10,971 | 8,460 | 10,624 | 11,748 | ||||
| Property, plant and equipment | 7,725 | 8,859 | 8,483 | 10,607 | 11,921 | 13,913 | |||
| Intangible assets, net (including goodwill) | 931 | 994 | 1,246 | 1,565 | 1,846 | 6,943 | |||
| Goodwill | 5,847 | ||||||||
| Intangible assets, net (excluding goodwill) | 931 | 994 | 1,246 | 1,565 | 1,846 | 1,096 | |||
| Deferred income tax assets | 4,838 | 4,749 | 3,442 | 3,154 | 2,479 | ||||
| Other noncurrent assets | 10,438 | 9,756 | 9,235 | 9,562 | 8,410 | 8,184 | |||
| Other undisclosed noncurrent assets | 7,027 | 7,030 | 7,302 | 7,553 | 7,840 | 10,164 | |||
| Total noncurrent assets: | 42,975 | 42,359 | 38,168 | 43,065 | 44,244 | 39,204 | |||
| TOTAL ASSETS: | 290,058 | 290,589 | 306,237 | 332,935 | 295,655 | 301,065 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 31,897 | 4,092 | 44,180 | 60,208 | 42,944 | 51,546 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 1,192 | 285 | 1,936 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 10,389 | 6,209 | 11,564 | ||
| Accounts payable | 28,052 | 38,783 | 42,716 | 31,710 | 33,031 | ||||
| Accrued liabilities | 3,845 | 4,092 | 5,397 | 5,911 | 4,740 | 5,015 | |||
| Deferred revenue | 3,906 | 2,827 | 4,839 | 8,593 | |||||
| Derivative instruments and hedges, liabilities | 820 | 1,821 | 3,632 | 467 | 872 | 388 | |||
| Due to related parties | ✕ | ✕ | ✕ | 1,924 | 6,165 | 1,289 | 938 | ||
| Other undisclosed current liabilities | 14,179 | 46,233 | 18,761 | 5,737 | 5,332 | 1,760 | |||
| Total current liabilities: | 50,802 | 54,973 | 73,336 | 81,170 | 50,437 | 54,632 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 6,794 | 7,989 | |||||||
| Liabilities, other than long-term debt | 9,866 | 8,982 | 6,162 | 1,817 | 2,049 | 2,036 | |||
| Accounts payable and accrued liabilities | 1,296 | 1,293 | 1,281 | 1,749 | 1,918 | 2,036 | |||
| Deferred income tax liabilities | 69 | 83 | 67 | 68 | 131 | ||||
| Operating lease, liability | 8,501 | 7,606 | 4,814 | 6,794 | 7,989 | ||||
| Other undisclosed noncurrent liabilities | 4,833 | 4,403 | 4,095 | 4,735 | 4,032 | 4,152 | |||
| Total noncurrent liabilities: | 14,699 | 13,385 | 10,257 | 13,346 | 14,070 | 6,188 | |||
| Total liabilities: | 65,501 | 68,358 | 83,593 | 94,516 | 64,507 | 60,820 | |||
| Equity | |||||||||
| Equity, attributable to parent | 224,557 | 222,231 | 222,644 | 238,419 | 231,148 | 240,245 | |||
| Common stock | 651 | 646 | 657 | 662 | 657 | 677 | |||
| Additional paid in capital | 61,936 | 61,665 | 63,635 | 63,924 | 60,997 | 66,350 | |||
| Accumulated other comprehensive loss | (15,474) | (20,204) | (21,525) | (1,741) | (2,990) | (8,933) | |||
| Retained earnings | 177,444 | 180,124 | 179,877 | 175,574 | 172,484 | 182,151 | |||
| Total equity: | 224,557 | 222,231 | 222,644 | 238,419 | 231,148 | 240,245 | |||
| TOTAL LIABILITIES AND EQUITY: | 290,058 | 290,589 | 306,237 | 332,935 | 295,655 | 301,065 | |||
Income Statement (P&L) ($ in thousands)
| 4/30/2024 TTM | 1/31/2024 TTM | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 218,184 | 227,807 | 250,814 | 235,195 | 170,627 | 263,377 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (165,039) | (171,639) | (186,336) | (178,946) | (134,170) | (186,169) | ||
| Gross profit: | 53,145 | 56,168 | 64,478 | 56,249 | 36,457 | 77,208 | ||
| Operating expenses | (49,583) | (49,552) | (51,731) | (46,001) | (46,319) | (54,668) | ||
| Operating income (loss): | 3,562 | 6,616 | 12,747 | 10,248 | (9,862) | 22,540 | ||
| Nonoperating expense | (1,567) | (443) | (1,654) | (340) | (1,046) | (199) | ||
| Investment income, nonoperating | 91 | 61 | 174 | 173 | 133 | 356 | ||
| Other nonoperating expense | (1,658) | (504) | (1,828) | (513) | (1,179) | (555) | ||
| Interest and debt expense | (397) | (282) | (27) | (24) | (94) | (62) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,598 | 5,891 | 11,066 | 9,884 | (11,002) | 22,279 | ||
| Income from equity method investments | 494 | 494 | 733 | 203 | 69 | 583 | ||
| Other undisclosed income from continuing operations before income taxes | 473 | 369 | 79 | 34 | 130 | 462 | ||
| Income (loss) from continuing operations before income taxes: | 2,565 | 6,754 | 11,878 | 10,121 | (10,803) | 23,324 | ||
| Income tax expense (benefit) | (1,154) | (2,365) | (3,652) | (3,357) | 4,556 | (5,829) | ||
| Income (loss) from continuing operations: | 1,411 | 4,389 | 8,226 | 6,764 | (6,247) | 17,495 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 6,764 | (6,247) | 17,495 | |
| Net income (loss) attributable to parent: | 1,411 | 4,389 | 8,226 | 6,764 | (6,247) | 17,495 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (43) | (61) | (97) | (76) | 66 | (147) | ||
| Net income (loss) available to common stockholders, diluted: | 1,368 | 4,328 | 8,129 | 6,688 | (6,181) | 17,348 | ||
Comprehensive Income ($ in thousands)
| 4/30/2024 TTM | 1/31/2024 TTM | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,411 | 4,389 | 8,226 | 6,764 | (6,247) | 17,495 | ||
| Other comprehensive income (loss) | (3,832) | 1,321 | (19,784) | 1,249 | 5,943 | 930 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,421) | 5,710 | (11,558) | 8,013 | (304) | 18,425 | ||
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.