Micropac Industries Inc (MPAD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
905 E WALNUT ST GARLAND, TX 75040 |
| State of Incorp. | DE |
| Fiscal Year End | November 30 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 8/31/2024 MRQ | 11/30/2023 | 11/30/2022 | 11/30/2021 | 11/30/2020 | 11/30/2019 | 11/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 10,299 | 15,375 | 15,252 | 14,619 | 15,979 | 12,541 | |||
| Cash and cash equivalents | 10,299 | 15,375 | 15,252 | 14,619 | 13,890 | 10,483 | |||
| Short-term investments | 2,089 | 2,058 | |||||||
| Receivables | 8,021 | 3,644 | 4,974 | 2,639 | 3,382 | 3,772 | |||
| Inventory, net of allowances, customer advances and progress billings | 11,480 | 10,288 | 8,684 | 9,137 | 7,403 | 6,578 | |||
| Inventory | 11,480 | 10,288 | 8,684 | 9,137 | 7,403 | 6,578 | |||
| Prepaid expense | 407 | ||||||||
| Contract with customer, asset, after allowance for credit loss | 307 | 408 | 603 | 512 | 519 | ||||
| Other undisclosed current assets | 626 | 1,484 | 341 | 715 | 212 | 511 | |||
| Total current assets: | 30,733 | 31,199 | 29,854 | 27,622 | 27,495 | 23,809 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 14 | ✕ | |||||||
| Property, plant and equipment | 24,099 | 22,463 | 10,837 | 3,935 | 3,649 | 3,780 | |||
| Deferred income tax assets | 475 | 86 | ✕ | ||||||
| Other undisclosed noncurrent assets | 67 | 144 | 57 | ||||||
| Total noncurrent assets: | 24,574 | 22,563 | 10,904 | 4,079 | 3,649 | 3,837 | |||
| TOTAL ASSETS: | 55,307 | 53,762 | 40,758 | 31,701 | 31,144 | 27,646 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,927 | 2,455 | 363,077 | 364,090 | 1,155 | ||||
| Taxes payable | ✕ | ✕ | ✕ | 213 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 360,000 | 363,000 | 325 | |||
| Accounts payable | 1,491 | 1,173 | 843 | 851 | 707 | ||||
| Accrued liabilities | 1,436 | 1,282 | 2,234 | 26 | 123 | ||||
| Debt | 432 | 224 | |||||||
| Other undisclosed current liabilities | 1,364 | 1,752 | 5,092 | (360,960) | (361,219) | 1,748 | |||
| Total current liabilities: | 4,723 | 4,431 | 5,092 | 2,117 | 2,871 | 2,903 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 15,316 | 14,535 | |||||||
| Long-term debt, excluding current maturities | 15,316 | 14,535 | |||||||
| Total noncurrent liabilities: | 15,316 | 14,535 | |||||||
| Total liabilities: | 20,039 | 18,966 | 5,092 | 2,117 | 2,871 | 2,903 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 35,268 | 34,796 | 32,267 | 29,467 | 28,253 | 24,473 | |||
| Common stock | 308 | 308 | 308 | 308 | 308 | 308 | |||
| Treasury stock, value | (1,250) | (1,250) | (1,250) | (1,250) | (1,250) | (1,250) | |||
| Additional paid in capital | 983 | 885 | 885 | 885 | 885 | 885 | |||
| Deferred compensation equity | (981) | (1,287) | (747) | ||||||
| Retained earnings | 35,227 | 34,853 | 32,324 | 29,524 | 28,310 | 24,800 | |||
| Other undisclosed equity, attributable to parent | 981 | 1,287 | 477 | ||||||
| Total equity: | 35,268 | 34,796 | 32,267 | 29,467 | 28,253 | 24,473 | |||
| Other undisclosed liabilities and equity | 3,399 | 117 | 20 | 270 | |||||
| TOTAL LIABILITIES AND EQUITY: | 55,307 | 53,762 | 40,758 | 31,701 | 31,144 | 27,646 | |||
Income Statement (P&L) ($ in thousands)
| 8/31/2024 TTM | 11/30/2023 | 11/30/2022 | 11/30/2021 | 11/30/2020 | 11/30/2019 | 11/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 30,639 | 27,785 | 27,292 | 22,274 | 27 | 44 | ||
| Other income | 122 | 972 | (171) | 22 | 27 | 44 | ||
| Cost of revenue | (19,754) | (15,473) | (691,211) | (204,325) | (739,753) | (26,308) | ||
| Cost of goods and services sold | (15,211) | 13,675 | (13,753) | (13,001) | ||||
| Provision for loan, lease, and other losses | (712) | (676,000) | (218,000) | (726,000) | 19 | |||
| Gross profit: | 10,885 | 12,312 | (663,919) | (182,051) | (739,726) | (26,264) | ||
| Operating expenses | (10,329) | (9,925) | (7,950) | 6,997 | 7,380 | 6,652 | ||
| Other undisclosed operating income | 675,755 | 176,679 | 736,663 | 20,924 | ||||
| Operating income: | 556 | 2,387 | 3,886 | 1,625 | 4,317 | 1,312 | ||
| Nonoperating income (Investment Income, Nonoperating) | 534 | |||||||
| Interest and debt expense | (386) | |||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before equity method investments, income taxes: | 704 | 2,387 | 3,886 | 1,625 | 4,317 | 1,312 | ||
| Other undisclosed income from continuing operations before income taxes | 122 | 1,112 | ||||||
| Income from continuing operations before income taxes: | 826 | 3,499 | 3,886 | 1,625 | 4,317 | 1,312 | ||
| Income tax expense (benefit) | (194) | (712) | (260,171) | (663,789) | 38 | |||
| Income (loss) from continuing operations: | 632 | 2,787 | 3,886 | (258,546) | (659,472) | 1,350 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 3,886 | (258,546) | (659,472) | 1,350 | |
| Other undisclosed net income | 260,018 | 663,185 | 91 | |||||
| Net income: | 632 | 2,787 | 3,886 | 1,472 | 3,713 | 1,441 | ||
| Other undisclosed net loss attributable to parent | (828) | |||||||
| Net income available to common stockholders, diluted: | 632 | 2,787 | 3,058 | 1,472 | 3,713 | 1,441 | ||
Comprehensive Income ($ in thousands)
| 8/31/2024 TTM | 11/30/2023 | 11/30/2022 | 11/30/2021 | 11/30/2020 | 11/30/2019 | 11/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 632 | 2,787 | 3,886 | 1,472 | 3,713 | 1,441 | ||
| Comprehensive income, net of tax, attributable to parent: | 632 | 2,787 | 3,886 | 1,472 | 3,713 | 1,441 | ||
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.