Otelco Inc. (OTEL) financial statements (2022 and earlier)

Company profile

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

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,4458,0868,4634,1283,1135,2985,354
Cash and cash equivalents8,4458,0868,4634,1283,1135,2985,354
Receivables3,8813,9854,0483,8693,9083,9433,988
Prepaid expense1,2741,3101,1731,2121,6241,1821,356
Other current assets187207224241251260256
Other undisclosed current assets5,9885,6775,7315,7425,8596,1645,337
Total current assets:19,77519,26519,63915,19214,75516,84716,291
Noncurrent Assets
Operating lease, right-of-use asset1,5391,6361,1591,0421,146907980
Property, plant and equipment59,38659,46558,88858,59957,28454,28352,897
Long-term investments and receivables1,4541,4581,4641,4701,4771,4791,485
Long-term investments1,4541,4581,4641,4701,4771,4791,485
Intangible assets, net (including goodwill)45,13445,22545,31645,41145,50645,60145,697
Goodwill44,97644,97644,97644,97644,97644,97644,976
Intangible assets, net (excluding goodwill)158249340435530625721
Other noncurrent assets116120124128577496382
Total noncurrent assets:107,629107,904106,951106,650105,990102,766101,441
TOTAL ASSETS:127,404127,169126,590121,842120,745119,613117,732
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,1417,6147,7836,6036,3868,1287,005
Accounts payable1,4981,7791,6951,9301,5251,9971,855
Accrued liabilities5,6435,8356,0884,6734,8616,1315,150
Deferred revenue1,6801,6061,6061,6001,6181,5081,517
Debt6,9463,8723,8643,8574,2254,2474,256
Other undisclosed current liabilities401425388281444550
Total current liabilities:16,16813,51713,64112,34112,27313,92812,828
Noncurrent Liabilities
Long-term debt and lease obligation59,25863,37163,90664,87466,02266,73967,780
Long-term debt, excluding current maturities58,09462,13363,10464,07365,17266,15767,141
Operating lease, liability1,1641,238802801850582639
Liabilities, other than long-term debt23,74823,53323,57523,61723,6902,0932,149
Deferred lease income, after accumulated amortization1,9582,0112,0502,0882,1572,0922,140
Deferred income tax liabilities21,51421,52121,52121,52121,521  
Other liabilities2761481219
Other undisclosed noncurrent liabilities2,9752,9752,975  20,14520,145
Total noncurrent liabilities:85,98189,87990,45688,49189,71288,97790,074
Total liabilities:102,149103,396104,097100,832101,985102,905102,902
Stockholders' equity
Stockholders' equity attributable to parent, including:25,25523,77322,49321,01018,76016,70814,830
Additional paid in capital4,4634,4114,3594,3074,2754,2034,144
Retained earnings20,75819,32818,10016,66914,45112,47110,652
Other undisclosed stockholders' equity attributable to parent34343434343434
Total stockholders' equity:25,25523,77322,49321,01018,76016,70814,830
TOTAL LIABILITIES AND EQUITY:127,404127,169126,590121,842120,745119,613117,732

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues15,50715,57415,46815,42215,59115,76215,658
Cost of revenue
(Cost of Goods and Services Sold)
(8,016)(7,422)(7,289)(7,524)(7,445)(7,542)(7,486)
Gross profit:7,4918,1528,1797,8988,1468,2208,172
Operating expenses(4,689)(5,547)(5,349)(4,593)(4,614)(4,379)(4,464)
Operating income:2,8022,6052,8303,3053,5323,8413,708
Nonoperating expense(918)(925)(888)(474)(1,215)(1,310)(1,358)
Other nonoperating income76997071254
Interest and debt expense(925)(931)(987)(1,181)(1,227)(1,315)(1,362)
Other undisclosed income from continuing operations before equity method investments, income taxes9259319871,1811,2271,3151,362
Income from continuing operations before income taxes:1,8841,6801,9422,8312,3172,5312,350
Income tax expense(454)(452)(511)(613)(337)(712)(634)
Net income available to common stockholders, diluted:1,4301,2281,4312,2181,9801,8191,716

Comprehensive Income ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:1,4301,2281,4312,2181,9801,8191,716
Comprehensive income, net of tax, attributable to parent:1,4301,2281,4312,2181,9801,8191,716

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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