Park Aerospace Corp. (PKE) Financial Statements (2024 and earlier)

Company Profile

Business Address 48 S. SERVICE ROAD
MELVILLE, NY 11747
State of Incorp. NY
Fiscal Year End February 28
Industry (SIC) 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

11/30/2023
MRQ
2/28/2023
2/28/2022
2/28/2021
2/29/2020
2/28/2019
2/28/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105,440110,361116,542122,355151,624108,231
Cash and cash equivalents4,23712,81141,5955,41071,00718,254
Short-term investments101,20397,55074,947116,94580,61789,977
Receivables9,9898,3397,63310,9259,35219,762
Inventory, net of allowances, customer advances and progress billings6,7684,6574,7946,3795,26711,156
Inventory6,7684,6574,7946,3795,26711,156
Other undisclosed current assets2,8443,0823,3725,5351,6902,119
Total current assets:125,041126,439132,341145,194167,933141,268
Noncurrent Assets
Operating lease, right-of-use asset150203103420
Property, plant and equipment24,25124,33321,13016,10010,79116,532
Intangible assets, net (including goodwill)9,7839,7909,7979,8049,8119,818
Goodwill 9,7769,7769,7769,7769,7769,776
Intangible assets, net (excluding goodwill) 71421283542
Other undisclosed intangible assets, net (including goodwill)      
Other noncurrent assets1081221412683161,405
Total noncurrent assets:34,29234,44831,17126,59220,91827,755
TOTAL ASSETS:159,333160,887163,512171,786188,851169,023
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,8917,0267,9608,55511,15512,227
Taxes payable2,2112,9522,1115,0662,821
Employee-related liabilities787    
Accounts payable4,5452,5343,3004,7353,1694,025
Accrued liabilities1,3461,4941,7081,7092,9205,381
Other undisclosed current liabilities22,695(734)33152  
Total current liabilities:28,5866,2927,9938,70711,15512,227
Noncurrent Liabilities
Long-term debt and lease obligation:  17486268  
Liabilities, other than long-term debt14,81318,78919,49221,13618,68521,535
Accounts payable and accrued liabilities10,93812,62114,30315,98617,66920,364
Deferred tax liabilities, net 628
Deferred income tax liabilities1,9951,671778834
Other liabilities1,7514,4974,4114,3161,016543
Operating lease, liability12917486268
Total noncurrent liabilities:14,81318,96319,57821,40418,68521,535
Total liabilities:43,39925,25527,57130,11129,84033,762
Equity
Equity, attributable to parent115,934135,632135,941141,675159,011135,261
Common stock2,0962,0962,0962,0962,0962,096
Treasury stock, value(9,156)(9,397)(10,794)(9,177)(9,853)(14,878)
Additional paid in capital169,932169,665170,038169,862169,395169,011
Accumulated other comprehensive income (loss)(4,244)(1,965)(336)668(22)131
Accumulated deficit(42,694)(24,767)(25,063)(21,774)(2,605)(21,099)
Total equity:115,934135,632135,941141,675159,011135,261
TOTAL LIABILITIES AND EQUITY:159,333160,887163,512171,786188,851169,023

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

11/30/2023
TTM
2/28/2023
2/28/2022
2/28/2021
2/29/2020
2/28/2019
2/28/2018
Revenues54,05553,57846,27660,01451,116111,196
Cost of revenue(37,582)(35,661)(33,085)(41,341)(34,932)(84,737)
Cost of goods and services sold(37,582)(35,661)(33,085)(41,341)(34,932) 
Gross profit:16,47317,91713,19118,67316,18426,459
Operating expenses(6,519)(6,508)(7,683)(7,932)(8,968)(24,393)
Operating income:9,95411,4095,50810,7417,2162,066
Interest and debt expense      (2,269)
Other undisclosed income from continuing operations before equity method investments, income taxes   1,7773,3308811,333
Income from continuing operations before equity method investments, income taxes:9,95411,4097,28514,0718,0971,130
Other undisclosed income from continuing operations before income taxes1,078375    
Income from continuing operations before income taxes:11,03211,7847,28514,0718,0971,130
Income tax expense (benefit)(301)(3,320)(2,093)(3,866)(1,791)19,465
Income from continuing operations:10,7318,4645,19210,2056,30620,595
Income before gain (loss) on sale of properties:8,4644,8649,554113,54520,595
Income (loss) from discontinued operations   (328)(651)107,239 
Net income:10,7318,4644,8649,554113,54520,595
Other undisclosed net loss attributable to parent    (2)  
Net income available to common stockholders, diluted:10,7318,4644,8649,552113,54520,595

Comprehensive Income ($ in thousands)

11/30/2023
TTM
2/28/2023
2/28/2022
2/28/2021
2/29/2020
2/28/2019
2/28/2018
Net income:10,7318,4644,8649,554113,54520,595
Comprehensive income:10,7318,4644,8649,554113,54520,595
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,279)(1,629)(1,004)688(153)(895)
Comprehensive income, net of tax, attributable to parent:8,4526,8353,86010,242113,39219,700

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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