Otelco Inc. (OTEL) Financial Statements (2023 and earlier)

Company Profile

Business Address 505 THIRD AVE E
ONEONTA, AL 35121
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1134,6573,57010,5386,8845,082
Cash and cash equivalents3,1134,6573,57010,5386,8845,082
Receivables3,9084,1834,6475,0353,5753,732
Prepaid expense1,6241,1983,1222,9122,7753,441
Other current assets251     
Other undisclosed current assets5,8594,7014,5753,7125,2956,068
Total current assets:14,75514,73915,91422,19718,52918,323
Noncurrent Assets
Operating lease, right-of-use asset1,146✕✕✕✕✕
Property, plant and equipment57,28452,07350,88849,27149,81151,237
Long-term investments and receivables1,4771,4981,6321,8211,8461,870
Long-term investments1,4771,4981,6321,8211,8461,870
Intangible assets, net (including goodwill)45,50645,89546,30446,76147,33948,154
Goodwill44,97644,97644,97644,97644,97644,976
Intangible assets, net (excluding goodwill)5309191,3281,7852,3633,178
Derivative instruments and hedges  4    
Deferred costs     7971,161
Other noncurrent assets577143201222259471
Other undisclosed noncurrent assets      1,216
Total noncurrent assets:105,99099,61399,02598,075100,052104,109
TOTAL ASSETS:120,745114,352114,939120,272118,581122,432
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,3866,3856,4226,2076,3856,158
Accounts payable1,5251,3311,6191,4771,8181,104
Accrued liabilities4,8615,0544,8034,7304,5675,054
Deferred revenue1,618✕✕✕✕✕
Debt4,2253,9043,8916,0713,0006,665
Deferred revenue and credits✕✕✕1,6841,4871,4181,410
Deferred tax liabilities✕✕  24 600
Customer advances and deposits✕✕✕58626870
Contract with customer, liability✕✕1,614✕✕✕✕
Other undisclosed current liabilities4448    
Total current liabilities:12,27311,95112,05513,85110,87114,903
Noncurrent Liabilities
Long-term debt and lease obligation66,02269,10780,05886,86097,052105,470
Long-term debt, excluding current maturities65,17269,10780,05886,86097,052105,470
Liabilities, other than long-term debt23,69022,39221,31930,26926,81826,066
Deferred lease income, after accumulated amortization2,1572,234✕✕✕✕
Deferred revenue and credits✕✕✕2,3671,987628681
Deferred tax liabilities, net✕✕20,14518,93928,25626,16325,243
Deferred income tax liabilities21,521✕✕✕✕✕
Other liabilities1213132627142
Operating lease, liability850✕✕✕✕✕
Other undisclosed noncurrent liabilities      
Total noncurrent liabilities:89,71291,499101,377117,129123,870131,536
Total liabilities:101,985103,450113,432130,980134,741146,439
Equity
Equity, attributable to parent, including:18,76010,9021,507(10,708)(16,160)(24,007)
Additional paid in capital4,2754,2134,2854,1863,8813,519
Retained earnings (accumulated deficit)14,4516,655(2,812)(14,927)(20,073)(27,557)
Other undisclosed equity, attributable to parent343434333231
Total equity:18,76010,9021,507(10,708)(16,160)(24,007)
TOTAL LIABILITIES AND EQUITY:120,745114,352114,939120,272118,581122,432

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues62,76666,06868,52668,94471,10273,870
Cost of revenue
(Cost of Goods and Services Sold)		(30,075)(30,592)    
Gross profit:32,69135,47668,52668,94471,10273,870
Operating expenses(17,847)(17,683)(48,919)(50,131)(51,847)(78,984)
Other undisclosed operating income      21,972
Operating income:14,84417,79319,60718,81319,25516,858
Nonoperating expense(4,655)(5,581)(15,348)(10,009)(6,827)(8,644)
Other nonoperating income6162632046251,067210
Interest and debt expense(5,271)(5,844)(2,303)(155)(7,894)(8,854)
Other undisclosed income from continuing operations before equity method investments, income taxes5,2715,8442,3031557,8948,854
Income from continuing operations before income taxes:10,18912,2124,2598,80412,4288,214
Income tax expense (benefit)(2,393)(2,745)7,856(3,658)(4,944)(3,185)
Income from continuing operations:7,7969,46712,1155,1467,4845,029
Income before gain (loss) on sale of properties:7,7969,46712,1155,1467,4845,029
Net income available to common stockholders, diluted:7,7969,46712,1155,1467,4845,029

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:7,7969,46712,1155,1467,4845,029
Comprehensive income, net of tax, attributable to parent:7,7969,46712,1155,1467,4845,029

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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