Liquidity Services, Inc. (LQDT) financial statements (2022 and earlier)

Company profile

Business Address 6931 ARLINGTON ROAD
BETHESDA, MD 20814
State of Incorp. DE
Fiscal Year End September 30
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments91,32140,000112,66687,61377,84460,00072,729
Cash and cash equivalents91,32140,000112,66687,61377,84460,00072,729
Receivables7,7975,8665,4705,7314,8015,3225,159
Inventory, net of allowances, customer advances and progress billings13,22512,46813,79913,1249,9315,6077,415
Inventory13,22512,46813,79913,1249,9315,6077,415
Prepaid expense1,6771,7131,6001,5941,4421,6523,081
Other undisclosed current assets6,46571,7955,9706,8436,85321,9986,546
Total current assets:120,485131,842139,505114,905100,87194,57994,930
Noncurrent Assets
Operating lease, right-of-use asset15,30913,47812,00812,59613,27310,5619,263
Property, plant and equipment18,16417,63417,00317,34117,69717,84318,500
Intangible assets, net (including goodwill)107,91463,32563,80064,09664,55364,59764,673
Goodwill88,72759,87260,02359,98660,12659,83959,587
Intangible assets, net (excluding goodwill)19,1873,4533,7774,1104,4274,7585,086
Deferred income tax assets19,21723,822762777792806821
Other noncurrent assets5,7895,4755,3257,8688,0688,24810,677
Total noncurrent assets:166,393123,73498,898102,678104,383102,055103,934
TOTAL ASSETS:286,878255,576238,403217,583205,254196,634198,864
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,95740,61139,74836,90425,25821,95729,002
Accounts payable31,95740,61139,74836,90425,25821,95729,002
Deferred revenue4,6854,6244,5174,1723,4293,2553,025
Deferred compensation liability 300   61 
Other undisclosed current liabilities88,37963,63865,73357,33748,60649,05148,209
Total current liabilities:125,021109,173109,99898,41377,29374,32480,236
Noncurrent Liabilities
Long-term debt and lease obligation11,77410,0988,8729,42110,0067,4995,908
Operating lease, liability11,77410,0988,8729,42110,0067,4995,908
Liabilities, other than long-term debt13,004 2,9722,8112,892  
Other liabilities13,004 2,9722,8112,892  
Other undisclosed noncurrent liabilities (8,808)   (4,503)(3,426)
Total noncurrent liabilities:24,7781,29011,84412,23212,8982,9968,390
Total liabilities:149,799120,561121,842110,64590,19184,81988,626
Stockholders' equity
Stockholders' equity attributable to parent137,079135,015116,561106,938115,063111,815110,238
Common stock36353535343434
Treasury stock, value(39,691)(36,628)(21,628)(21,628)(8,255)(3,983) 
Additional paid in capital253,536252,017251,048249,866250,002247,892246,016
Accumulated other comprehensive loss(9,142)(9,011)(8,740)(8,763)(8,886)(9,782)(8,019)
Accumulated deficit(67,660)(71,398)(104,154)(112,572)(117,832)(122,346)(127,793)
Total stockholders' equity:137,079135,015116,561106,938115,063111,815110,238
TOTAL LIABILITIES AND EQUITY:286,878255,576238,403217,583205,254196,634198,864

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

12/31/2021
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
Revenues66,70770,32769,66661,78655,75155,89047,722
Cost of revenue(27,762)(28,793)(29,723)(26,591)(22,577)(22,800)(22,813)
Cost of goods and services sold(27,762)(30,177)(28,543)(26,385)(22,573)(22,727)(22,494)
Other undisclosed gross profit (1,384)1,180206473319
Gross profit:38,94540,15041,12335,40133,17833,16325,228
Operating expenses(34,494)(33,224)(31,349)(29,557)(28,548)(27,743)(24,711)
Other operating income (expense), net321,384(1,180)(206)(4)(73)(319)
Operating income:4,4838,3108,5945,6384,6265,347198
Interest and debt expense(5)(8)(4)(5)(5)(5)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (482)25834190196230
Income from continuing operations before equity method investments, income taxes:4,4787,8208,8485,6674,8115,538422
Other undisclosed income from continuing operations before income taxes136433     
Income from continuing operations before income taxes:4,6148,2538,8485,6674,8115,538422
Income tax expense (benefit)(1,012)24,503(429)(407)(297)(91)(209)
Net income available to common stockholders, diluted:3,60232,7568,4195,2604,5145,447213

Comprehensive Income ($ in thousands)

12/31/2021
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
Net income:3,60232,7568,4195,2604,5145,447213
Comprehensive income:3,60232,7568,4195,2604,5145,447213
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(131)(271)23123896(1,763)424
Comprehensive income, net of tax, attributable to parent:3,47132,4858,4425,3835,4103,684637

Statements sources

The financial statements are based on the company's filings with the 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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