Skullcandy Inc (SKUL) Financial Statements (2024 and earlier)

Company Profile

Business Address 1441 West Ute Blvd
PARK CITY, UT 84098
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2016
MRQ
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 23,57336,63338,83519,345
Cash and cash equivalents 23,03021,62338,83519,345
Short-term investments 54315,010  
Receivables 84,90974,35857,54976,307
Inventory, net of allowances, customer advances and progress billings 41,68654,98140,28441,567
Inventory 41,68654,98140,28441,567
Prepaid expense 373260215
Prepaid expense and other current assets5,604
Deferred tax assets 3,8232,868  
Other undisclosed current assets 5,9923,9749,1432,943
Total current assets: 160,356173,074146,026145,766
Noncurrent Assets
Property, plant and equipment 14,83012,91110,02116,000
Intangible assets, net (including goodwill) 21,30022,68124,84626,348
Goodwill 13,86713,86713,86713,867
Intangible assets, net (excluding goodwill) 7,4338,81410,97912,481
Deferred costs 3141224161
Other noncurrent assets 250  
Deferred tax assets, net  2,041986(2,219)
Other undisclosed noncurrent assets 9231,418(986)2,219
Total noncurrent assets: 37,33439,09235,09142,509
TOTAL ASSETS: 197,690212,166181,117188,275
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 35,14766,43643,01152,412
Taxes payable  2,4921,2186,062
Employee-related liabilities  7,4742,3902,416
Accounts payable 13,21627,30916,56522,887
Accrued liabilities 21,93129,16122,83821,047
Deferred tax liabilities 190184  
Other undisclosed current liabilities  (9,966)(3,608)(8,478)
Total current liabilities: 35,33756,65439,40343,934
Noncurrent Liabilities
Liabilities, other than long-term debt 1,1481,418 2,219
Deferred tax liabilities, net 1,1481,418 2,219
Other undisclosed noncurrent liabilities (31)(861)  
Total noncurrent liabilities: 1,117557 2,219
Other undisclosed liabilities 1,1481,418  
Total liabilities: 37,60258,62939,40346,153
Equity
Equity, attributable to parent 160,088152,997141,148141,581
Common stock 3333
Treasury stock, value (43,294)(43,294)(43,294)(43,294)
Additional paid in capital 137,535136,132131,428128,676
Accumulated other comprehensive loss (818)(625)(171)(22)
Retained earnings 66,66260,78153,18256,218
Equity, attributable to noncontrolling interest  540566541
Total equity: 160,088153,537141,714142,122
TOTAL LIABILITIES AND EQUITY: 197,690212,166181,117188,275

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

6/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 266,316247,812210,092297,686
Cost of revenue
(Cost of Goods and Services Sold)
 (156,441)(137,178)(116,958)(156,766)
Gross profit: 109,875110,63493,134140,920
Operating expenses (100,903)(109,759)(111,056)(109,280)
Other undisclosed operating income  10,91212,9279,844
Operating income (loss): 8,97211,787(4,995)41,484
Nonoperating expense
(Other Nonoperating expense)
 (1,578)(1,560)(516)(453)
Interest and debt expense  (131)(382)(641)
Other undisclosed income from continuing operations before equity method investments, income taxes 2   
Income (loss) from continuing operations before income taxes: 7,39610,096(5,893)40,390
Income tax expense (benefit) (2,103)(2,523)2,882(14,574)
Income (loss) from continuing operations: 5,2937,573(3,011)25,816
Income (loss) before gain (loss) on sale of properties: 5,2937,573(3,011)25,816
Net income (loss): 5,2937,573(3,011)25,816
Net income (loss) attributable to noncontrolling interest 58826(25)63
Net income (loss) available to common stockholders, diluted: 5,8817,599(3,036)25,879

Comprehensive Income ($ in thousands)

6/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): 5,2937,573(3,011)25,816
Other comprehensive income 1   
Other undisclosed comprehensive loss (194)(454)(149)(140)
Comprehensive income (loss): 5,1007,119(3,160)25,676
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 588(26)25(63)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  52(50)126
Comprehensive income (loss), net of tax, attributable to parent: 5,6887,145(3,185)25,739

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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