ePlus inc. (PLUS) Financial Statements (2024 and earlier)

Company Profile

Business Address 13595 DULLES TECHNOLOGY DRIVE
HERNDON, VA 20171-3413
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 5045 - Computers and Computer Peripheral Equipment and Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments101,574103,09399,39599,53183,488155,378
Cash and cash equivalents101,574103,09399,39599,53183,488155,378
Receivables677,988504,122674,935525,176482,166430,380
Inventory, net of allowances, customer advances and progress billings244,331243,286244,798274,863246,873155,060
Inventory244,331243,286244,798274,863246,873155,060
Deferred costs45,40844,19143,11136,08534,10432,555
Other current assets47,08455,10154,79224,97015,96113,944
Other undisclosed current assets159,748145,337176,412109,288122,751110,165
Total current assets:1,276,1331,095,1301,293,4431,069,913985,343897,482
Noncurrent Assets
Operating lease, right-of-use asset  14,6001,4001,7001,8006,900
Property, plant and equipment  11,933   7,911
Intangible assets, net (including goodwill)209,533161,150163,613166,243175,914181,043
Goodwill158,280136,105136,057135,907126,378126,543
Intangible assets, net (excluding goodwill)51,25325,04527,55630,33649,53654,500
Deferred income tax assets3,6823,6824,8595,0585,0545,050
Other noncurrent assets70,79470,44755,37155,03345,88845,586
Other undisclosed noncurrent assets120,66457,88479,17973,39342,15122,231
Total noncurrent assets:404,673319,696304,422301,427270,807268,721
TOTAL ASSETS:1,680,8061,414,8261,597,8651,371,3401,256,1501,166,203
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities392,528257,495340,779261,119230,773175,763
Employee-related liabilities34,30432,49039,602
Accounts payable351,384220,159299,627192,511165,793136,161
Accrued liabilities41,14437,33641,15234,30432,490 
Deferred revenue118,976114,028125,570108,004100,63786,469
Other liabilities30,56624,37228,43333,18729,60328,095
Other undisclosed current liabilities258,716165,431298,795205,001172,959169,709
Total current liabilities:800,786561,326793,577607,311533,972460,036
Noncurrent Liabilities
Long-term debt and lease obligation5,005   3,8783,300
Long-term debt, excluding current maturities5,005   3,878 
Liabilities, other than long-term debt61,72461,71350,69645,99135,44335,529
Deferred income tax liabilities717715    
Other liabilities61,00760,99850,69645,99135,44335,529
Operating lease, liability      3,300
Other undisclosed noncurrent liabilities  9,5227,17212,3936,5696,600
Total noncurrent liabilities:66,72971,23557,86858,38445,89045,429
Total liabilities:867,515632,561851,445665,695579,862505,465
Equity
Equity, attributable to parent813,291782,265746,420705,645676,288660,738
Common stock274272272272271270
Treasury stock, value(21,451)(14,080)(13,958)(13,958)(13,958)(6,734)
Additional paid in capital170,904167,303165,161163,211161,253159,480
Accumulated other comprehensive income (loss)2,5151,568597(2,534)(1,463)(124)
Retained earnings661,049627,202594,348558,654530,185507,846
Total equity:813,291782,265746,420705,645676,288660,738
TOTAL LIABILITIES AND EQUITY:1,680,8061,414,8261,597,8651,371,3401,256,1501,166,203

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

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Revenues574,175698,218623,476493,706458,359605,303
Cost of revenue
(Cost of Goods and Services Sold)
(431,902)(526,325)(485,104)(360,402)(344,836)(439,991)
Gross profit:142,273171,893138,372133,304113,523165,312
Operating expenses(95,941)(118,571)(91,914)(89,197)(80,340)(100,741)
Operating income:46,33253,32246,45844,10733,18364,571
Nonoperating income (expense)190(2,811)2,907(3,866)(2,153)(1,527)
Interest and debt expense(851)(2,871)(1,575)(925)(363)(724)
Income from continuing operations before equity method investments, income taxes:45,67147,64047,79039,31630,66762,320
Other undisclosed income from continuing operations before income taxes8512,8711,575925363724
Income from continuing operations before income taxes:46,52250,51149,36540,24131,03063,044
Income tax expense(12,675)(12,510)(13,671)(11,772)(8,691)(16,288)
Income from continuing operations:33,84738,00135,69428,46922,33946,756
Income before gain (loss) on sale of properties:28,46922,33946,756
Net income available to common stockholders, diluted:33,84738,00135,69428,46922,33946,756

Comprehensive Income ($ in thousands)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Net income:33,84738,00135,69428,46922,33946,756
Comprehensive income:33,84738,00135,69428,46922,33946,756
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9472,0513,131(1,071)(1,339)(2,319)
Comprehensive income, net of tax, attributable to parent:34,79440,05238,82527,39821,00044,437

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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