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)

8/31/2023
Q2
5/31/2023
Q1
2/28/2023
Q4
11/30/2022
Q3
8/31/2022
Q2
5/31/2022
Q1
2/28/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81,105105,440103,303102,466107,327110,361
Cash and cash equivalents5,8364,2374,6103,8364,33312,811
Short-term investments75,269101,20398,69398,630102,99497,550
Receivables11,6009,9898,9239,9508,9578,339
Inventory, net of allowances, customer advances and progress billings7,9116,7686,8167,8506,6494,657
Inventory7,9116,7686,8167,8506,6494,657
Other undisclosed current assets2,6912,8444,2643,9673,8623,082
Total current assets:103,307125,041123,306124,233126,795126,439
Noncurrent Assets
Operating lease, right-of-use asset136150163177190203
Property, plant and equipment24,11224,25124,25624,45624,16024,333
Intangible assets, net (including goodwill), including:9,7839,7839,7909,7909,7909,790
Goodwill  9,776   9,776
Intangible assets, net (excluding goodwill)  7   14
Other undisclosed intangible assets, net (including goodwill)9,783 9,7909,7909,790 
Other noncurrent assets105108112116119122
Total noncurrent assets:34,13634,29234,32134,53934,25934,448
TOTAL ASSETS:137,443159,333157,627158,772161,054160,887
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,8435,8913,6357,0887,2597,026
Taxes payable3,2162,7462,211
Employee-related liabilities787
Accounts payable3,8594,5452,3652,8003,1802,534
Accrued liabilities1,9841,3461,2701,0721,3331,494
Other undisclosed current liabilities3,95522,6952,7135454(734)
Total current liabilities:9,79828,5866,3487,1427,3136,292
Noncurrent Liabilities
Long-term debt and lease obligation:    152163174
Liabilities, other than long-term debt13,15114,81317,66617,42518,93018,789
Accounts payable and accrued liabilities9,25510,93810,93810,93812,62112,621
Deferred income tax liabilities1,9961,9951,9372,0401,7781,671
Other liabilities1,7821,7514,6504,4474,5314,497
Operating lease, liability118129141152163174
Total noncurrent liabilities:13,15114,81317,66617,57719,09318,963
Total liabilities:22,94943,39924,01424,71926,40625,255
Equity
Equity, attributable to parent114,494115,934133,613134,053134,648135,632
Common stock2,0962,0962,0962,0962,0962,096
Treasury stock, value(10,825)(9,156)(9,156)(9,156)(9,397)(9,397)
Additional paid in capital170,150169,932169,837169,742169,750169,665
Accumulated other comprehensive loss(3,528)(4,244)(4,283)(3,565)(2,898)(1,965)
Accumulated deficit(43,399)(42,694)(24,881)(25,064)(24,903)(24,767)
Total equity:114,494115,934133,613134,053134,648135,632
TOTAL LIABILITIES AND EQUITY:137,443159,333157,627158,772161,054160,887

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

8/31/2023
Q2
5/31/2023
Q1
2/28/2023
Q4
11/30/2022
Q3
8/31/2022
Q2
5/31/2022
Q1
2/28/2022
Q4
Other undisclosed income before gain (loss) on sale of properties328
Revenues15,55113,53013,86713,87512,78321,743
Cost of revenue
(Cost of Goods and Services Sold)
(10,718)(9,679)(9,423)(9,789)(8,691)(12,691)
Gross profit:4,8333,8514,4444,0864,0929,052
Operating expenses(2,615)(1,631)(1,523)(1,732)(1,633)(1,790)
Operating income:2,2182,2202,9212,3542,4597,262
Income from continuing operations before equity method investments, income taxes:2,2182,2202,9212,3542,4597,262
Other undisclosed income (loss) from continuing operations before income taxes324425299221133(1,195)
Income from continuing operations before income taxes:2,5422,6453,2202,5752,5926,067
Income tax expense (benefit)(688)2,061(990)(690)(682)(1,763)
Income from continuing operations:1,8544,7062,2301,8851,9104,304
Income before gain (loss) on sale of properties:1,8851,9104,632
Net income available to common stockholders, diluted:1,8544,7062,2301,8851,9104,632

Comprehensive Income ($ in thousands)

8/31/2023
Q2
5/31/2023
Q1
2/28/2023
Q4
11/30/2022
Q3
8/31/2022
Q2
5/31/2022
Q1
2/28/2022
Q4
Net income:1,8544,7062,2301,8851,9104,632
Comprehensive income:1,8544,7062,2301,8851,9104,632
Other undisclosed comprehensive income (loss), net of tax, attributable to parent71639(718)(667)(933)(1,233)
Comprehensive income, net of tax, attributable to parent:2,5704,7451,5121,2189773,399

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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