Key Tronic Corporation (KTCC) Financial Statements (2024 and earlier)

Company Profile

Business Address 4424 N. SULLIVAN ROAD
SPOKANE, WA 99216
State of Incorp. WA
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
MRQ
12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9533,6031,7073,473553601
Cash and cash equivalents2,9533,6031,7073,473553601
Receivables134,892150,600135,876110,32486,12358,429
Inventory, net of allowances, customer advances and progress billings124,054137,911155,700137,300115,020100,431
Inventory124,054137,911155,700137,300115,020100,431
Contract with customer, asset, after allowance for credit loss27,77029,92521,97424,78123,75322,161
Other current assets22,61227,51024,71023,34517,31516,477
Other undisclosed current assets   4129  
Total current assets:312,281349,549340,008299,252242,764198,099
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization4,610    
Operating lease, right-of-use asset18,10416,20216,73115,74517,568
Property, plant and equipment28,93528,87026,01235,73531,76429,413
Intangible assets, net (including goodwill)      657
Intangible assets, net (excluding goodwill)      657
Regulated entity, other noncurrent assets1,078    60
Deferred income tax assets   10,0559,65610,178
Other noncurrent assets6,24311,39714,1171,4582,5872,301
Other undisclosed noncurrent assets7,47312,254   7,780
Total noncurrent assets:66,44368,72366,91562,59462,09740,211
TOTAL ASSETS:378,724418,272406,923361,846304,861238,310
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities97,035129,250145,065104,29490,63280,330
Employee-related liabilities11,83611,47110,4286,759
Accounts payable91,358115,899121,39392,82380,20473,571
Accrued liabilities5,67713,35111,836   
Debt5,6107,8497,4022,1437,5085,841
Other liabilities15,72114,86723,03620,26814,0797,233
Other undisclosed current liabilities   (11,836)   
Total current liabilities:118,366151,966163,667126,705112,21993,404
Noncurrent Liabilities
Long-term debt and lease obligation114,894121,53117,73919,33415,8827,091
Long-term debt, excluding current maturities114,894121,5315,7167,9063,2587,091
Liabilities, other than long-term debt13,00713,8845,9981,740875 
Other liabilities6273,5675,9981,740875 
Operating lease, liability12,38010,31712,02311,42812,624
Other undisclosed noncurrent liabilities2227494,64190,36260,32823,356
Total noncurrent liabilities:127,923135,689118,378111,43677,08530,447
Total liabilities:246,289287,655282,045238,141189,304123,851
Equity
Equity, attributable to parent132,435130,617124,878123,705115,557114,459
Common stock47,83947,72847,47447,18146,94646,680
Accumulated other comprehensive income (loss) 191(97)(425)2,072(1,500)2,426
Retained earnings84,40582,98677,82974,45270,11165,353
Total equity:132,435130,617124,878123,705115,557114,459
TOTAL LIABILITIES AND EQUITY:378,724418,272406,923361,846304,861238,310

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

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues620,344588,135531,815518,698449,480464,044
Cost of revenue
(Cost of Goods and Services Sold)
(569,545)(540,663)(488,601)(476,659)(414,231)(429,443)
Gross profit:50,79947,47243,21442,03935,24934,601
Operating expenses(34,228)(31,149)(34,419)(32,513)(28,421)(40,559)
Operating income (loss):16,57116,3238,7959,5266,828(5,958)
Interest and debt expense(11,602)(10,023)(5,104)(3,613)(2,509)(2,782)
Income (loss) from continuing operations before income taxes:4,9696,3003,6915,9134,319(8,740)
Income tax expense (benefit)(511)(1,143)(314)(1,572)439758
Income (loss) from continuing operations:4,4585,1573,3774,3414,758(7,982)
Income (loss) before gain (loss) on sale of properties:3,3774,3414,758(7,982)
Net income (loss) available to common stockholders, diluted:4,4585,1573,3774,3414,758(7,982)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):4,4585,1573,3774,3414,758(7,982)
Other comprehensive income100     
Comprehensive income (loss):4,5585,1573,3774,3414,758(7,982)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent304328(2,497)3,572(3,926)3,395
Comprehensive income (loss), net of tax, attributable to parent:4,8625,4858807,913832(4,587)

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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