IDT Corporation (IDT) Financial Statements (2024 and earlier)

Company Profile

Business Address 520 BROAD ST
NEWARK, NJ 07102
State of Incorp. DE
Fiscal Year End July 31
Industry (SIC) 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

1/31/2024
MRQ
7/31/2023
7/31/2022
7/31/2021
7/31/2020
7/31/2019
7/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1521381641038874
Cash and cash equivalents10498107858068
Short-term investments4939561886
Restricted cash and investments9591120116177 
Receivables326447445869
Prepaid expense171814332020
Capitalized contract cost443   
Disposal group, including discontinued operation      137
Other current assets283117192529
Other undisclosed current assets5817246  
Total current assets:387363388322368329
Noncurrent Assets
Operating lease, right-of-use asset6789 
Property, plant and equipment393731303436
Long-term investments and receivables10712997
Long-term investments10712997
Intangible assets, net (including goodwill)353622171511
Goodwill262615131111
Intangible assets, net (excluding goodwill)810844 
Disposal group, including discontinued operation, noncurrent assets      6
Deferred income tax assets2437429 
Other noncurrent assets1110109125
Other undisclosed noncurrent assets     56
Total noncurrent assets:124134125837571
TOTAL ASSETS:511497513405444400
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities133162154157165175
Employee-related liabilities16    
Accounts payable222925313745
Accrued liabilities111117129126128130
Deferred revenue3537424042
Disposal group, including discontinued operation      129
Other liabilities1837281278
Other undisclosed current liabilities1087011611617555
Total current liabilities:294305339325389367
Noncurrent Liabilities
Long-term debt and lease obligation:  557  
Liabilities, other than long-term debt671111
Disposal group, including discontinued operation, liabilities      1
Other liabilities371111
Operating lease, liability3557 
Total noncurrent liabilities:6117911
Total liabilities:300316346334390368
Temporary equity, carrying amount1010    
Equity
Equity, attributable to parent, including:194168165755631
Treasury stock, value(115)(102)(60)(56)(52)(86)
Additional paid in capital301296278277273294
Accumulated other comprehensive loss(17)(11)(10)(7)(5)(5)
Retained earnings (accumulated deficit)25(16)(43)(139)(161)(173)
Other undisclosed equity, attributable to parent000000
Equity, attributable to noncontrolling interest632(4)(3)1
Total equity:200171167715431
TOTAL LIABILITIES AND EQUITY:511497513405444400

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

1/31/2024
TTM
7/31/2023
7/31/2022
7/31/2021
7/31/2020
7/31/2019
7/31/2018
Revenues1,2391,3641,4471,3461,4091,547
Cost of revenue     (1,306)
Gross profit:1,2391,3641,4471,3461,409241
Operating expenses(1,174)(1,303)(1,391)(1,323)(1,402)(1,537)
Other operating income (expense), net(4)(1)1(5)(8) 
Other undisclosed operating income      1,304
Operating income (loss):61605718(1)8
Nonoperating income (expense)(3)(25)8(1)1(1)
Investment income, nonoperating(3)(19)9(0)2(0)
Gain (loss), foreign currency transaction, before tax3(2)10(1)(2)
Other nonoperating income (expense)   (1)0(0)1
Unusual or infrequent item, or both, net (gain) loss  7    
Income (loss) from continuing operations before equity method investments, income taxes:58356517(0)7
Other undisclosed income from continuing operations before income taxes300111
Income from continuing operations before income taxes:6135651808
Income tax expense (benefit)(16)(6)324(0)(3)
Income from continuing operations:4429972105
Income before gain (loss) on sale of properties:29972105
Other undisclosed net loss  (7)    
Net income:4429972105
Net income (loss) attributable to noncontrolling interest(4)(2)(0)0(0)(1)
Net income available to common stockholders, diluted:4027962104

Comprehensive Income ($ in millions)

1/31/2024
TTM
7/31/2023
7/31/2022
7/31/2021
7/31/2020
7/31/2019
7/31/2018
Net income:4429972105
Other comprehensive income (loss)(6)(1)(3)(3)0(0)
Comprehensive income:3828941905
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(2)(0)0(0)(1)
Comprehensive income, net of tax, attributable to parent:3526941904

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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