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 thousands)Annual | Quarterly
| 1/31/2024 Q2 | 10/31/2023 Q1 | 7/31/2023 Q4 | 4/30/2023 Q3 | 1/31/2023 Q2 | 10/31/2022 Q1 | 7/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 159,671 | 152,249 | 138,485 | 156,801 | 137,075 | 137,746 | |||
| Cash and cash equivalents | 121,668 | 103,637 | 90,722 | 117,811 | 107,895 | 98,352 | |||
| Short-term investments | 38,003 | 48,612 | 47,763 | 38,990 | 29,180 | 39,394 | |||
| Restricted cash and investments | 86,785 | 95,186 | 94,321 | 89,867 | 90,880 | 91,210 | |||
| Receivables | 35,328 | 32,092 | 65,942 | 47,605 | 57,875 | 64,315 | |||
| Prepaid expense | 19,502 | 16,638 | 15,575 | 14,611 | 15,057 | 17,526 | |||
| Capitalized contract cost | 4,180 | 4,460 | 4,343 | 4,265 | 4,240 | 4,085 | |||
| Other current assets | 27,034 | 28,394 | 35,211 | 36,559 | 31,834 | 30,773 | |||
| Other undisclosed current assets | 49,675 | 58,049 | 36,085 | 23,833 | 24,116 | 16,972 | |||
| Total current assets: | 382,175 | 387,068 | 389,962 | 373,541 | 361,077 | 362,627 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,910 | 5,540 | 6,141 | 6,894 | 6,737 | 7,210 | |||
| Property, plant and equipment | 38,802 | 38,655 | 39,083 | 38,303 | 37,425 | 36,866 | |||
| Long-term investments and receivables | 8,150 | 9,874 | 10,263 | 6,687 | 6,916 | 7,426 | |||
| Long-term investments | 8,150 | 9,874 | 10,263 | 6,687 | 6,916 | 7,426 | |||
| Intangible assets, net (including goodwill) | 33,526 | 34,653 | 35,079 | 35,532 | 35,353 | 35,989 | |||
| Goodwill | 26,311 | 26,457 | 26,596 | 26,547 | 26,250 | 26,380 | |||
| Intangible assets, net (excluding goodwill) | 7,215 | 8,196 | 8,483 | 8,985 | 9,103 | 9,609 | |||
| Deferred income tax assets | 20,539 | 24,101 | 27,501 | 28,913 | 33,029 | 36,701 | |||
| Other noncurrent assets | 10,944 | 10,919 | 10,197 | 10,641 | 10,156 | 10,275 | |||
| Total noncurrent assets: | 116,871 | 123,742 | 128,264 | 126,970 | 129,616 | 134,467 | |||
| TOTAL ASSETS: | 499,046 | 510,810 | 518,226 | 500,511 | 490,693 | 497,094 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 124,576 | 133,027 | 138,892 | 133,809 | 139,044 | 162,334 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 16,145 | ||
| Accounts payable | 24,469 | 22,231 | 29,715 | 23,229 | 31,670 | 29,080 | |||
| Accrued liabilities | 100,107 | 110,796 | 109,177 | 110,580 | 107,374 | 117,109 | |||
| Deferred revenue | 34,042 | 35,343 | 33,910 | 34,998 | 35,383 | 36,531 | |||
| Other liabilities | 18,507 | 17,761 | 42,762 | 32,215 | 34,715 | 36,588 | |||
| Other undisclosed current liabilities | 98,809 | 107,976 | 86,111 | 86,899 | 83,614 | 69,619 | |||
| Total current liabilities: | 275,934 | 294,107 | 301,675 | 287,921 | 292,756 | 305,072 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 4,175 | 4,606 | |||||||
| Liabilities, other than long-term debt | 5,566 | 6,235 | 7,099 | 9,187 | 4,999 | 6,588 | |||
| Other liabilities | 3,220 | 3,354 | 3,527 | 4,944 | 4,999 | 6,588 | |||
| Operating lease, liability | 2,346 | 2,881 | 3,572 | 4,243 | 4,175 | 4,606 | |||
| Total noncurrent liabilities: | 5,566 | 6,235 | 7,099 | 9,187 | 9,174 | 11,194 | |||
| Total liabilities: | 281,500 | 300,342 | 308,774 | 297,108 | 301,930 | 316,266 | |||
| Temporary equity, carrying amount | 10,579 | 10,472 | 10,449 | 10,389 | 10,324 | 10,191 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 200,045 | 193,729 | 193,439 | 188,138 | 174,096 | 167,615 | |||
| Treasury stock, value | (118,312) | (115,461) | (109,410) | (106,906) | (106,906) | (101,565) | |||
| Additional paid in capital | 302,351 | 301,408 | 300,328 | 298,649 | 297,191 | 296,005 | |||
| Accumulated other comprehensive loss | (16,627) | (17,192) | (14,475) | (13,711) | (11,672) | (11,305) | |||
| Retained earnings (accumulated deficit) | 32,321 | 24,662 | 16,685 | 9,795 | (4,828) | (15,830) | |||
| Other undisclosed equity, attributable to parent | 312 | 312 | 311 | 311 | 311 | 310 | |||
| Equity, attributable to noncontrolling interest | 6,922 | 6,267 | 5,564 | 4,876 | 4,343 | 3,022 | |||
| Total equity: | 206,967 | 199,996 | 199,003 | 193,014 | 178,439 | 170,637 | |||
| TOTAL LIABILITIES AND EQUITY: | 499,046 | 510,810 | 518,226 | 500,511 | 490,693 | 497,094 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 1/31/2024 Q2 | 10/31/2023 Q1 | 7/31/2023 Q4 | 4/30/2023 Q3 | 1/31/2023 Q2 | 10/31/2022 Q1 | 7/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 301,205 | 303,807 | 299,295 | 313,936 | 321,816 | 328,563 | ||
| Cost of revenue | (206,777) | |||||||
| Gross profit: | 94,428 | 303,807 | 299,295 | 313,936 | 321,816 | 328,563 | ||
| Operating expenses | (77,263) | (291,380) | (284,154) | (295,772) | (302,390) | (309,278) | ||
| Other operating income (expense), net | (467) | (4,764) | 17 | 800 | (117) | |||
| Operating income: | 17,165 | 11,960 | 10,377 | 18,181 | 20,226 | 19,168 | ||
| Nonoperating income (expense) | (5,586) | (473) | (382) | 1,613 | (3,842) | (1,118) | ||
| Investment income, nonoperating | (917) | 36 | (480) | (228) | (1,941) | 1,614 | ||
| Gain (loss), foreign currency transaction, before tax | (3,499) | 1,009 | 893 | 2,480 | (1,030) | (1,483) | ||
| Unusual or infrequent item, or both, net (gain) loss | 1,725 | |||||||
| Income from continuing operations before equity method investments, income taxes: | 11,579 | 11,487 | 9,995 | 19,794 | 16,384 | 18,050 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 844 | 1,118 | 709 | 810 | 509 | (71) | ||
| Income from continuing operations before income taxes: | 12,423 | 12,605 | 10,704 | 20,604 | 16,893 | 17,979 | ||
| Income tax expense (benefit) | (3,947) | (3,847) | (2,960) | (5,295) | (4,338) | 9 | ||
| Income from continuing operations: | 8,476 | 8,758 | 7,744 | 15,309 | 12,555 | 17,988 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 12,555 | 17,988 | |
| Other undisclosed net loss | (1,725) | |||||||
| Net income: | 8,476 | 8,758 | 7,744 | 15,309 | 12,555 | 17,988 | ||
| Net loss attributable to noncontrolling interest | (817) | (781) | (854) | (686) | (1,553) | (746) | ||
| Net income available to common stockholders, diluted: | 7,659 | 7,977 | 6,890 | 14,623 | 11,002 | 17,242 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 1/31/2024 Q2 | 10/31/2023 Q1 | 7/31/2023 Q4 | 4/30/2023 Q3 | 1/31/2023 Q2 | 10/31/2022 Q1 | 7/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 8,476 | 8,758 | 7,744 | 15,309 | 12,555 | 17,988 | ||
| Other comprehensive income (loss) | 565 | (2,717) | (764) | (2,039) | (367) | 36 | ||
| Comprehensive income: | 9,041 | 6,041 | 6,980 | 13,270 | 12,188 | 18,024 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (817) | (781) | (854) | (686) | (1,553) | (746) | ||
| Comprehensive income, net of tax, attributable to parent: | 8,224 | 5,260 | 6,126 | 12,584 | 10,635 | 17,278 | ||
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.