Kimball Electronics Inc. (KE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1205 KIMBALL BLVD.
JASPER, IN 47546
State of Incorp. IN
Fiscal Year End June 30
Industry (SIC) 3672 - Printed Circuit Boards (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39,94756,58142,95530,44526,25119,715
Cash and cash equivalents39,94756,58142,95530,44526,25119,715
Receivables309,702259,419308,167299,329265,153253,823
Inventory, net of allowances, customer advances and progress billings455,736482,229450,319488,170487,527449,528
Inventory455,736482,229450,319488,170487,527449,528
Contract with customer, asset, after allowance for credit loss81,89187,67578,79875,69074,86168,314
Disposal group, including discontinued operation      
Other undisclosed current assets43,22645,14149,18854,05334,50528,637
Total current assets:930,502931,045929,427947,687888,297820,017
Noncurrent Assets
Operating lease, right-of-use asset      
Property, plant and equipment275,984268,645267,684258,058238,862215,469
Long-term investments and receivables      
Accounts and financing receivable, after allowance for credit loss      
Intangible assets, net (including goodwill)23,00423,61424,34625,22125,89325,803
Goodwill12,01112,01112,01112,01112,01112,011
Intangible assets, net (excluding goodwill)10,99311,60312,33513,21013,88213,792
Other noncurrent assets47,54439,86238,26237,97542,26540,474
Other undisclosed noncurrent assets      
Total noncurrent assets:346,532332,121330,292321,254307,020281,746
TOTAL ASSETS:1,277,0341,263,1661,259,7191,268,9411,195,3171,101,763
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities343,357375,184394,789451,508414,228389,357
Taxes payable1,900
Accounts payable279,909308,912322,274361,547337,733322,199
Accrued liabilities63,44866,27272,51589,96176,49565,258
Debt86,76561,68046,45454,42038,53452,505
Disposal group, including discontinued operation      
Self insurance reserve   2,700   
Other undisclosed current liabilities42,71741,46731,205  (1,900)
Total current liabilities:472,839478,331475,148505,928452,762439,962
Noncurrent Liabilities
Long-term debt and lease obligation235,000235,000235,000235,000235,000180,000
Long-term debt, excluding current maturities235,000235,000235,000235,000235,000180,000
Liabilities, other than long-term debt22,20621,57325,57724,82726,40725,556
Accounts payable and accrued liabilities3,2553,2555,8595,8595,8595,859
Other liabilities18,95118,31819,71818,96820,54819,697
Total noncurrent liabilities:257,206256,573260,577259,827261,407205,556
Total liabilities:730,045734,904735,725765,755714,169645,518
Equity
Equity, attributable to parent546,989528,262523,994503,186481,148456,245
Treasury stock, value(74,776)(75,019)(76,495)(76,495)(76,496)(76,668)
Additional paid in capital316,309314,255315,482314,008312,085310,271
Accumulated other comprehensive loss(9,641)(17,781)(11,046)(11,178)(14,892)(27,089)
Retained earnings315,097306,807296,053276,851260,451249,731
Total equity:546,989528,262523,994503,186481,148456,245
TOTAL LIABILITIES AND EQUITY:1,277,0341,263,1661,259,7191,268,9411,195,3171,101,763

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

3/31/2024
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
Revenues421,235438,081496,141484,703436,696405,889
Cost of revenue
(Cost of Goods and Services Sold)
(386,802)(402,539)(446,460)(441,731)(402,505)(376,568)
Gross profit:34,43335,54249,68142,97234,19129,321
Operating expenses(17,823)(16,052)(18,232)(17,752)(16,702)(15,750)
Other undisclosed operating loss      
Operating income (loss):16,61019,49031,44925,22017,48913,571
Nonoperating income (expense)1,287(1,009)731,8311,092282
Investment income, nonoperating585122(393)398366(218)
Other nonoperating income (expense)702(1,131)4661,433726500
Interest and debt expense(6,137)(5,447)(5,473)(4,822)(4,048)(1,920)
Income (loss) from continuing operations before equity method investments, income taxes:11,76013,03426,04922,22914,53311,933
Other undisclosed income (loss) from continuing operations before income taxes(484)177458(353)(340)235
Income (loss) from continuing operations before income taxes:11,27613,21126,50721,87614,19312,168
Income tax expense (benefit)(2,986)(2,457)(7,305)(5,476)(3,473)(2,659)
Income (loss) from continuing operations:8,29010,75419,20216,40010,7209,509
Income before gain (loss) on sale of properties:9,509
Net income (loss) attributable to parent:8,29010,75419,20216,40010,7209,509
Undistributed earnings (loss) allocated to participating securities, basic (10)(16)(29)(24)(16)(13)
Net income (loss) available to common stockholders, diluted:8,28010,73819,17316,37610,7049,496

Comprehensive Income ($ in thousands)

3/31/2024
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
Net income (loss):8,29010,75419,20216,40010,7209,509
Other comprehensive income (loss)8,140(6,735)1323,71412,197(7,417)
Comprehensive income (loss), net of tax, attributable to parent:16,4304,01919,33420,11422,9172,092

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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