Richardson Electronics Ltd. (RELL) Financial Statements (2024 and earlier)

Company Profile

Business Address 40W267 KESLINGER RD
LAFOX, IL 60147
State of Incorp. DE
Fiscal Year End May 31
Industry (SIC) 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

2/29/2024
MRQ
11/30/2023
MRQ
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,76924,98140,49543,31646,53550,019
Cash and cash equivalents22,76924,98135,49543,31630,53542,019
Short-term investments   5,000 16,0008,000
Receivables23,90930,06729,87825,09620,19724,296
Inventory, net of allowances, customer advances and progress billings116,951110,40280,39063,50857,49253,232
Inventory116,951110,40280,39063,50857,49253,232
Other current assets    1,918  
Other undisclosed current assets2,9262,6332,4484672,4423,067
Total current assets:166,555168,083153,211134,305126,666130,614
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   215308401
Operating lease, right-of-use asset2,1452,4573,0242,2623,018
Property, plant and equipment21,36320,82316,96117,06717,67419,111
Intangible assets, net (including goodwill)1,7671,8922,0102,2702,5052,763
Intangible assets, net (excluding goodwill)1,7671,8922,0102,2702,5052,763
Deferred income tax assets4,4764,5264,398541456
Other noncurrent assets182267   529
Total noncurrent assets:29,93329,96526,60822,44824,05422,403
TOTAL ASSETS:196,488198,048179,819156,753150,720153,017
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,93735,56145,61631,16127,69628,216
Employee-related liabilities5,519   
Accounts payable22,50523,53523,98716,97917,37216,943
Accrued liabilities12,43212,02616,11014,18210,32411,273
Debt    1481,485 
Other undisclosed current liabilities1,0331,028(4,410)918  
Total current liabilities:35,97036,58941,20632,22729,18128,216
Noncurrent Liabilities
Long-term debt and lease obligation   1,9151,3581,941 
Finance lease, liability     163
Liabilities, other than long-term debt1,8772,1398511,6089381,044
Accounts payable and accrued liabilities999885242161212
Other liabilities6666127661,366777832
Operating lease, liability1,1121,4291,9151,3581,778
Total noncurrent liabilities:1,8772,1392,7662,9662,8791,044
Total liabilities:37,84738,72843,97235,19332,06029,260
Equity
Equity, attributable to parent, including:158,641159,320135,847121,560118,660123,757
Additional paid in capital71,93670,95166,33162,70761,74961,012
Accumulated other comprehensive income1,2056158004,8931,4902,390
Retained earnings84,78687,04468,03153,29754,76459,703
Other undisclosed equity, attributable to parent714710685663657652
Total equity:158,641159,320135,847121,560118,660123,757
TOTAL LIABILITIES AND EQUITY:196,488198,048179,819156,753150,720153,017

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

2/29/2024
TTM
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues225,907262,658224,620176,937155,898166,652
Cost of revenue(157,290)(178,969)(152,920)(118,112)(106,225)(114,917)
Gross profit:68,61783,68971,70058,82549,67351,735
Operating expenses(60,156)(58,706)(55,743)(55,938)(51,330)(58,511)
Operating income (loss):8,46124,98315,9572,887(1,657)(6,776)
Nonoperating income (expense)38747(198)(579)443465
Investment income, nonoperating3492958076377540
Gain (loss), foreign currency transaction, before tax73(278)(273)(759)15(84)
Other nonoperating income (expense)(35)30(5)104519
Interest and debt expense   (3)(11)(22) 
Other undisclosed income from continuing operations before equity method investments, income taxes    1122 
Income (loss) from continuing operations before equity method investments, income taxes:8,84825,03015,7562,308(1,214)(6,311)
Other undisclosed income from continuing operations before income taxes   3   
Income (loss) from continuing operations before income taxes:8,84825,03015,7592,308(1,214)(6,311)
Income tax expense (benefit)1,042(2,697)2,168(653)(624)(1,017)
Income (loss) from continuing operations:9,89022,33317,9271,655(1,838)(7,328)
Income (loss) before gain (loss) on sale of properties:17,9271,655(1,838)(7,328)
Net income (loss) available to common stockholders, diluted:9,89022,33317,9271,655(1,838)(7,328)

Comprehensive Income ($ in thousands)

2/29/2024
TTM
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net income (loss):9,89022,33317,9271,655(1,838)(7,328)
Comprehensive income (loss):9,89022,33317,9271,655(1,838)(7,328)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,744(185)(4,093)3,403(900)(1,976)
Comprehensive income (loss), net of tax, attributable to parent:11,63422,14813,8345,058(2,738)(9,304)

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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