Mesa Laboratories, Inc. (MLAB) Financial Statements (2024 and earlier)

Company Profile

Business Address 12100 W 6TH AVE
LAKEWOOD, CO 80228
State of Incorp. CO
Fiscal Year End March 31
Industry (SIC) 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,91026,10149,346263,86581,38010,185
Cash and cash equivalents32,91026,10149,346263,86581,38010,185
Receivables42,55142,39541,22423,78721,13212,516
Inventory, net of allowances, customer advances and progress billings34,64233,73924,60611,17814,2306,772
Inventory34,64233,73924,60611,17814,2306,772
Prepaid expense 3,352 4,0821,9142,552
Deposits current assets 1,702    
Other current assets 3,446    
Other undisclosed current assets8,8723,4509,1428374,1361,598
Total current assets:118,975114,185124,318303,749122,79233,623
Noncurrent Assets
Property, plant and equipment28,14928,26328,62021,99822,06622,225
Intangible assets, net (including goodwill)503,259509,256541,283272,582261,40799,596
Goodwill286,444285,809291,166160,841141,53666,377
Intangible assets, net (excluding goodwill)216,815223,447250,117111,741119,87133,219
Deferred income tax assets1,0767081,31861611,461
Other noncurrent assets10,37310,57211,8302,5302,480 
Deferred tax assets, net1,323
Total noncurrent assets:542,857548,799583,051297,726297,414123,144
TOTAL ASSETS:661,832662,984707,369601,475420,206156,767
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19,51918,89935,15322,15818,64014,226
Taxes payable928   
Employee-related liabilities14,7179,3888,9407,324
Accounts payable6,1346,2887,8974,4733,4082,898
Accrued liabilities13,38512,61111,6118,2976,2924,004
Deferred revenue14,40714,58413,8308,7776,814
Debt      2,125
Estimated litigation liability     503,300
Business combination, contingent consideration, liability     50445
Contract with customer, liability3,965
Other undisclosed current liabilities9,4338,134(928)1,648  
Total current liabilities:43,35941,61748,05532,58326,00823,661
Noncurrent Liabilities
Long-term debt and lease obligation170,272170,044169,365145,675140,27820,613
Long-term debt, excluding current maturities170,272170,044169,365145,675140,27820,613
Liabilities, other than long-term debt41,72145,11847,14816,99033,9071,182
Deferred tax liabilities, net1,077
Deferred income tax liabilities34,02836,94639,22416,27532,549
Other liabilities7,6938,1727,9247151,358105
Other undisclosed noncurrent liabilities 13,00019,00049,000   
Total noncurrent liabilities:224,993234,162265,513162,665174,18521,795
Total liabilities:268,352275,779313,568195,248200,19345,456
Equity
Equity, attributable to parent393,480387,205393,801406,227220,013111,311
Common stock332,076326,933313,460317,652158,02339,823
Accumulated other comprehensive income (loss)(12,795)(14,172)3,66616,116(9,940)(1,815)
Retained earnings74,19974,44476,67572,45971,93073,303
Total equity:393,480387,205393,801406,227220,013111,311
TOTAL LIABILITIES AND EQUITY:661,832662,984707,369601,475420,206156,767

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues219,080163,489184,335133,937117,687103,135
Cost of revenue(85,387)(62,997)(75,245)(46,923)(52,754)(42,219)
Gross profit:133,693100,492109,09087,01464,93360,916
Operating expenses(130,373)(97,689)(104,388)(74,656)(57,439)(51,135)
Operating income:3,3202,8034,70212,3587,4949,781
Nonoperating expense(3,709)(2,915)(1,128)(10,055)(4,061)(1,050)
Investment income, nonoperating    107960 
Other nonoperating income (expense)1,0614752,757(2,138)483(1,158)
Interest and debt expense(4,770)(3,390)(3,885)(8,024)(5,504) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    8,0245,504(108)
Income (loss) from continuing operations before equity method investments, income taxes:(5,159)(3,502)(311)2,3033,4338,623
Other undisclosed income from continuing operations before income taxes4,7703,3903,885   
Income (loss) from continuing operations before income taxes:(389)(112)3,5742,3033,4338,623
Income tax expense (benefit)1,319431(1,703)971(2,084)(1,139)
Income (loss) from continuing operations:9303191,8713,2741,3497,484
Income (loss) before gain (loss) on sale of properties:(132)1,8713,2741,3497,484
Net income (loss) available to common stockholders, diluted:9303191,8713,2741,3497,484

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):9303191,8713,2741,3497,484
Comprehensive income (loss):9303191,8713,2741,3497,484
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(16,461)(17,838)(12,450)26,485(7,938)(2,379)
Comprehensive income (loss), net of tax, attributable to parent:(15,531)(17,519)(10,579)29,759(6,589)5,105

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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