Smith & Wesson Brands Inc. (SWBI) Financial Statements (2024 and earlier)

Company Profile

Business Address 2100 ROOSEVELT AVENUE
SPRINGFIELD, MA 01104
State of Incorp. NV
Fiscal Year End April 30
Industry (SIC) 348 - Ordnance And Accessories, Except Vehicles And Guided Missiles (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

1/31/2024
MRQ
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53,556120,728113,017125,39841,01548,860
Cash and cash equivalents53,556120,728113,017125,39841,01548,860
Receivables56,32964,64068,35195,02887,37161,258
Other undisclosed current assets182,035142,22986,885175,425170,298160,246
Total current assets:291,920327,597268,253395,851298,684270,364
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    
Operating lease, right-of-use asset    
Property, plant and equipment 453,513353,037331,840 183,268159,125
Intangible assets, net (including goodwill)22,61222,63223,441157,359274,109304,047
Goodwill19,02419,02419,02483,605182,269191,287
Intangible assets, net (excluding goodwill)3,5883,6084,41773,75491,840112,760
Deferred income tax assets8,0851,221  
Other noncurrent assets8,34710,43513,08218,33410,72811,524
Other undisclosed noncurrent assets(243,183)(217,446)(190,228)157,417  
Total noncurrent assets:249,374169,879178,135333,110468,105474,696
TOTAL ASSETS:541,294497,476446,388728,961766,789745,060
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69,75764,88596,53997,00777,24686,276
Interest and dividends payable  349737 
Taxes payable9,68113,36726,9646,253513
Employee-related liabilities17,37117,38114,62321,47310,514
Accounts payable36,79530,04257,33739,19635,58433,617
Accrued liabilities32,9627,7918,45415,87513,19941,632
Deferred revenue  32,90714,744
Debt1,4341,1581,0873,6596,9816,300
Deferred compensation liability8,20313,54314,4452,4142,8301,283
Self insurance reserve 6,6005,6004,5003,7003,6003,900
Contract with customer, liability12,213
Other undisclosed current liabilities1,2193,7606,1778,4478,4132,923
Total current liabilities:87,21388,949125,655129,971111,283100,682
Noncurrent Liabilities
Long-term debt and lease obligation61,75137,62838,786199,044194,834180,304
Long-term debt, excluding current maturities24,790  159,171149,434180,304
Capital lease obligations45,400 
Finance lease, liability36,96137,62838,78639,873
Liabilities, other than long-term debt7,70710,38515,56312,82816,22841,926
Deferred tax liabilities, net9,77612,895
Deferred income tax liabilities   904 
Other liabilities7,70710,38514,65912,8286,45229,031
Total noncurrent liabilities:69,45848,01354,349211,872211,062222,230
Total liabilities:156,671136,962180,004341,843322,345322,912
Equity
Equity, attributable to parent384,623360,514266,384387,118444,444422,148
Common stock757574747372
Treasury stock, value(422,375)(422,375)(332,375)(222,375)(222,375)(222,375)
Additional paid in capital283,666278,101273,431267,630263,180253,616
Accumulated other comprehensive income737373736201,689
Retained earnings523,184504,640325,181341,716402,946389,146
Total equity:384,623360,514266,384387,118444,444422,148
TOTAL LIABILITIES AND EQUITY:541,294497,476446,388728,961766,789745,060

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

1/31/2024
TTM
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
Revenues479,242864,1261,059,195678,390638,277606,850
Revenue, net606,850
Cost of revenue
(Cost of Goods and Services Sold)
(324,705)(489,562)(610,212)(443,685)(412,046)(411,098)
Gross profit:154,537374,564448,983234,705226,231195,752
Operating expenses(106,130)(122,911)(129,351)(283,524)(188,175)(168,704)
Operating income (loss):48,407251,653319,632(48,819)38,05627,048
Nonoperating income (expense)(181)733(1,667)(11,130)(9,318)(9,431)
Other nonoperating income (expense)1502,8682,25283331,737
Interest and debt expense(1,900) (2,000)(2,100)  
Income (loss) from continuing operations before equity method investments, income taxes:46,326252,386315,965(62,049)28,73817,617
Other undisclosed income from continuing operations before income taxes1,900 2,0002,100  
Income (loss) from continuing operations before income taxes:48,226252,386317,965(59,949)28,73817,617
Income tax expense (benefit)(11,350)(57,892)(74,394)(1,281)(10,328)2,511
Income (loss) from continuing operations:36,876194,494243,571(61,230)18,41020,128
Income (loss) before gain (loss) on sale of properties:194,494252,049(61,230)18,41020,128
Income from discontinued operations   8,478   
Net income (loss) available to common stockholders, diluted:36,876194,494252,049(61,230)18,41020,128

Comprehensive Income ($ in thousands)

1/31/2024
TTM
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
Net income (loss):36,876194,494252,049(61,230)18,41020,128
Comprehensive income (loss):36,876194,494252,049(61,230)18,41020,128
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (547)(1,069)1,107
Comprehensive income (loss), net of tax, attributable to parent:36,876194,494252,049(61,777)17,34121,235

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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