L.S. Starrett Company (The) (SCX) financial statements (2020 and earlier)

Company profile

Business Address 121 CRESCENT ST
ATHOL, MA 01331
State of Incorp. MA
Fiscal Year End June 30
SIC 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:9912101221
Cash and cash equivalents9161515201116
Short-term investments     89
Other undisclosed cash, cash equivalents, and short-term investments (7)(14)(13)(10)(7)(4)
Receivables34363330344044
Inventory, net of allowances, customer advances and progress billings65625858566366
Inventory65625858566366
Deferred tax assets   556
Other undisclosed current assets6132220161411
Total current assets:115120113110121133147
Noncurrent Assets
Operating lease, right-of-use asset6
Nontrade receivables2223334
Property, plant and equipment38373739414452
Long-term investments and receivables    222
Long-term investments    222
Intangible assets, net (including goodwill)13131415101011
Goodwill5555333
Intangible assets, net (excluding goodwill)88910678
Other noncurrent assets   0222
Other undisclosed noncurrent assets18191726231722
Total noncurrent assets:77706983817992
TOTAL ASSETS:191190182193202212239
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24292319202225
Accounts payable12131089910
Accrued liabilities8985679
Employee-related liabilities5755567
Debt444122211
Other undisclosed current liabilities2    (0)(0)
Total current liabilities:31332631222436
Noncurrent Liabilities
Long-term debt and lease obligation2218176171911
Long-term debt, excluding current maturities1918176171911
Capital lease obligations     0
Operating lease, liability4
Liabilities, other than long-term debt54565164715656
Accounts payable and accrued liabilities33344511
Deferred tax liabilities, net   022
Liability, pension and other postretirement and postemployment benefits51544659675044
Other liabilities  22   
Other undisclosed noncurrent liabilities      (0)
Total noncurrent liabilities:76746870887467
Total liabilities:1071079410111098103
Stockholders' equity
Stockholders' equity attributable to parent, including:8583889292114136
Additional paid in capital56555656555554
Accumulated other comprehensive loss(60)(59)(49)(50)(52)(46)(20)
Retained earnings83807479819896
Other undisclosed stockholders' equity attributable to parent7777777
Total stockholders' equity:8583889292114136
TOTAL LIABILITIES AND EQUITY:191190182193202212239

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues229228216207210242247
Revenue, net 207210242247
Cost of revenue
(Cost of Goods and Services Sold)
(152)(153)(147)(145)(163)(165)(166)
Gross profit:76756962477781
Operating expenses(65)(64)(64)(63)(67)(70)(71)
Other undisclosed operating income     21
Operating income (loss):11115(1)(20)912
Nonoperating income (expense)(3)(2)0(1)010
Investment income, nonoperating 0(1)(0)111
Foreign currency transaction gain (loss), before tax (0)(0)(0)(0)1(1)
Other nonoperating income (expense) 0000(0)0
Interest and debt expense (1)(1)(1)(1)(1)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)      
Income (loss) from continuing operations before equity method investments, income taxes:894(2)(21)911
Income from equity method investments     00
Other undisclosed income from continuing operations before income taxes1114111
Income (loss) from continuing operations before income taxes:91052(20)1012
Income tax expense (benefit)(3)(4)(8)(1)6(5)(5)
Net income (loss):66(4)1(14)57
Other undisclosed net loss attributable to parent   (0)   
Net income (loss) available to common stockholders, diluted:66(4)1(14)57

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):66(4)1(14)57
Other comprehensive loss (0)(0)(0)   
Other undisclosed comprehensive loss(0)      
Comprehensive income (loss):56(4)1(14)57
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(10)(10)12(6)(25)4
Comprehensive income (loss), net of tax, attributable to parent:(5)(4)(3)3(20)(20)11

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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