Sparton Corp (SPA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
425 N. MARTINGALE ROAD SCHAUMBURG, IL 60173 |
| State of Incorp. | OH |
| Fiscal Year End | June 30 |
| Industry (SIC) | 3672 - Printed Circuit Boards (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 988 | 132 | 14,914 | 8,028 | 6,085 | |||
| Cash and cash equivalents | 988 | 132 | 14,914 | 8,028 | 6,085 | |||
| Receivables | 45,347 | 46,759 | 70,974 | 48,697 | 49,768 | |||
| Inventory, net of allowances, customer advances and progress billings | 60,248 | 77,871 | 72,047 | 45,412 | 46,334 | |||
| Inventory | 60,248 | 77,871 | 79,503 | 53,372 | 46,334 | |||
| Progress payments netted against inventory for long-term contracts or programs | (7,456) | (7,960) | ✕ | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 1,731 | ||
| Deferred tax assets | 4,714 | 4,714 | 3,813 | 3,167 | ||||
| Other undisclosed current assets | 3,851 | 1,130 | 12,944 | 10,614 | ||||
| Total current assets: | 110,434 | 130,606 | 175,593 | 116,564 | 107,085 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 34,455 | 33,320 | 32,608 | 28,523 | 28,904 | |||
| Long-term investments and receivables | 847 | |||||||
| Long-term investments | 847 | |||||||
| Intangible assets, net (including goodwill) | 41,108 | 49,596 | 120,000 | 48,230 | 25,380 | |||
| Goodwill | 12,663 | 12,663 | 74,175 | 28,189 | 14,667 | |||
| Intangible assets, net (excluding goodwill) | 28,445 | 36,933 | 45,825 | 20,041 | 10,713 | |||
| Deferred costs | 2,089 | 1,700 | 494 | |||||
| Other noncurrent assets | 6,253 | 6,692 | 7,151 | 4,427 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | 790 | ||
| Defined benefit plan, assets for plan benefits | ✕ | 44 | ||||||
| Deferred tax assets, net | 2,199 | 1,192 | 4,041 | |||||
| Other undisclosed noncurrent assets | 24,893 | 25,784 | (2,936) | (1,700) | (494) | |||
| Total noncurrent assets: | 106,709 | 115,392 | 161,958 | 82,416 | 59,115 | |||
| TOTAL ASSETS: | 217,143 | 245,998 | 337,551 | 198,980 | 166,200 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 51,084 | 61,319 | 55,365 | 35,487 | 25,925 | |||
| Employee-related liabilities | 11,453 | 10,609 | 9,089 | 7,854 | 6,329 | |||
| Accounts payable | 27,672 | 38,290 | 29,948 | 16,543 | 19,596 | |||
| Accrued liabilities | 11,959 | 12,420 | 16,328 | 11,090 | ||||
| Debt | 269 | 217 | 900 | 136 | ||||
| Estimated litigation liability | ||||||||
| Accrued environmental loss contingencies | 568 | 584 | 700 | 600 | 500 | |||
| Billings in excess of cost | 1,749 | 1,756 | 3,196 | 21,504 | ||||
| Other undisclosed current liabilities | 582 | 319 | 810 | 938 | 8,026 | |||
| Total current liabilities: | 54,252 | 62,439 | 58,631 | 41,121 | 56,091 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 167 | 97,538 | 154,500 | 40,100 | 11,403 | |||
| Long-term debt, excluding current maturities | 97,206 | 154,500 | 40,100 | 11,403 | ||||
| Capital lease obligations | 167 | 332 | ||||||
| Liabilities, other than long-term debt | 6,356 | 7,393 | 7,541 | 7,644 | 2,958 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | 274 | |||
| Liability, pension and other postretirement and postemployment benefits | 888 | 1,276 | 424 | ✕ | ✕ | |||
| Accrued environmental loss contingencies | 5,468 | 6,117 | 7,117 | 7,644 | 2,684 | |||
| Other liabilities | ||||||||
| Other undisclosed noncurrent liabilities | 74,500 | |||||||
| Total noncurrent liabilities: | 81,023 | 104,931 | 162,041 | 47,744 | 14,361 | |||
| Total liabilities: | 135,275 | 167,370 | 220,672 | 88,865 | 70,452 | |||
| Equity | ||||||||
| Equity, attributable to parent | 81,868 | 78,628 | 116,879 | 110,115 | 95,748 | |||
| Common stock | 12,326 | 12,307 | 12,358 | 12,661 | 12,619 | |||
| Additional paid in capital | 17,851 | 16,407 | 16,045 | 19,478 | 18,751 | |||
| Accumulated other comprehensive loss | (1,276) | (1,736) | (1,457) | (968) | (1,255) | |||
| Retained earnings | 52,967 | 51,650 | 89,933 | 78,944 | 65,633 | |||
| Total equity: | 81,868 | 78,628 | 116,879 | 110,115 | 95,748 | |||
| TOTAL LIABILITIES AND EQUITY: | 217,143 | 245,998 | 337,551 | 198,980 | 166,200 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 397,562 | 419,362 | 382,125 | 336,139 | 266,015 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (325,663) | (339,214) | (308,354) | (272,186) | (221,013) | ||
| Other undisclosed gross profit | 900 | 500 | 600 | ||||
| Gross profit: | 71,899 | 80,148 | 74,671 | 64,453 | 45,602 | ||
| Operating expenses | (64,278) | (131,937) | (57,419) | (44,564) | (29,332) | ||
| Operating income (loss): | 7,621 | (51,789) | 17,252 | 19,889 | 16,270 | ||
| Nonoperating income (expense) | (4,377) | (3,710) | (2,297) | (287) | 131 | ||
| Investment income, nonoperating | 3 | 9 | 102 | ||||
| Other nonoperating income (expense) | 60 | 93 | 156 | 542 | 547 | ||
| Interest and debt expense | (4,437) | (3,803) | (2,456) | (838) | (518) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,193) | (59,302) | 12,499 | 18,764 | 15,883 | ||
| Other undisclosed income from continuing operations before income taxes | 4,437 | 3,803 | 2,456 | 838 | 518 | ||
| Income (loss) from continuing operations before income taxes: | 3,244 | (55,499) | 14,955 | 19,602 | 16,401 | ||
| Income tax expense (benefit) | (1,927) | 17,216 | (3,966) | (6,615) | (2,763) | ||
| Income (loss) from continuing operations: | 1,317 | (38,283) | 10,989 | 12,987 | 13,638 | ||
| Income (loss) before gain (loss) on sale of properties: | 1,317 | (38,283) | 10,989 | 12,987 | 13,638 | ||
| Net income (loss) attributable to parent: | 1,317 | (38,283) | 10,989 | 12,987 | 13,638 | ||
| Preferred stock dividends and other adjustments | (4) | (126) | |||||
| Net income (loss) available to common stockholders, diluted: | 1,313 | (38,283) | 10,863 | 12,987 | 13,638 | ||
Comprehensive Income ($ in thousands)
| 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,317 | (38,283) | 10,989 | 12,987 | 13,638 | ||
| Other comprehensive income (loss) | 462 | (887) | (838) | 522 | |||
| Comprehensive income (loss): | 1,779 | (39,170) | 10,151 | 13,509 | 13,638 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2) | 608 | 349 | (235) | 463 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,777 | (38,562) | 10,500 | 13,274 | 14,101 | ||
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.