LIBERTY TAX INC (TAXA) financial statements (2021 and earlier)

Company profile

Business Address 1716 CORPORATE LANDING PARKWAY
VIRGINIA BEACH, VA 23454
State of Incorp. DE
Fiscal Year End December 31
SIC 6794 - Patent Owners and Lessors (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1522319161021
Cash and cash equivalents1522319161021
Receivables915967747266
Inventory, net of allowances, customer advances and progress billings302     
Inventory302     
Deferred tax assets  737
Other current assets2125666
Other undisclosed current assets 9912105
Total current assets:56593100116101106
Noncurrent Assets
Operating lease, right-of-use asset511
Property, plant and equipment1443339404136
Long-term investments and receivables1776 2421
Accounts and financing receivable, after allowance for credit loss1776 2421
Intangible assets, net (including goodwill), including:592431302018
Goodwill45779943
Intangible assets, net (excluding goodwill)1351923211615
Other undisclosed intangible assets, net (including goodwill) (22)    
Other noncurrent assets1012383
Deferred tax assets, net00   
Other undisclosed noncurrent assets 22 16  
Total noncurrent assets:1,2726778899278
TOTAL ASSETS:1,838160178204193184
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2651415131217
Taxes payable 05642
Other undisclosed accounts payable and accrued liabilities26513107815
Deferred revenue37
Debt1051318864
Deferred revenue and credits2356
Other undisclosed current liabilities1322122302926
Total current liabilities:5394857535154
Noncurrent Liabilities
Long-term debt and lease obligation87622181821
Long-term debt, excluding current maturities46922181821
Operating lease, liability407
Liabilities, other than long-term debt3816678
Deferred revenue and credits5678
Accounts payable and accrued liabilities  1   
Deferred tax liabilities, net1    
Other liabilities38     
Other undisclosed noncurrent liabilities 611062
Total noncurrent liabilities:91489353131
Total liabilities:1,4525667888285
Stockholders' equity
Stockholders' equity attributable to parent, including:38510411211611299
Preferred stock0     
Common stock0     
Additional paid in capital3821312874
Accumulated other comprehensive loss(1)(2)(1)(2)(2)(1)
Retained earnings49310111010695
Other undisclosed stockholders' equity attributable to parent 00000
Total stockholders' equity:38510411211611299
TOTAL LIABILITIES AND EQUITY:1,838160178204193184

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

12/31/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Revenues2,153133175174173162
Revenue, net28242420
Cost of revenue
(Cost of Goods and Services Sold)
(1,160)     
Gross profit:992133175174173162
Operating expenses(2,076)(133)(167)(151)(141)(147)
Other undisclosed operating income1,160     
Operating income (loss):76(1)8233215
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
(5)(0)0(0)0(0)
Interest and debt expense(102)(3)(3)(3)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(31)(4)4213014
Loss from equity method investments     (0)
Other undisclosed income from continuing operations before income taxes   0 0
Income (loss) from continuing operations before income taxes:(31)(4)4213014
Income tax expense (benefit)582(4)(8)(11)(5)
Net income (loss):27(2)013199
Net loss attributable to noncontrolling interest(27)     
Other undisclosed net income attributable to parent25     
Net income (loss) attributable to parent:25(2)013199
Other undisclosed net loss available to common stockholders, basic(1) (0)(1)(1)(1)
Net income (loss) available to common stockholders, diluted:24(2)012188

Comprehensive Income ($ in millions)

12/31/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Net income (loss):27(2)013199
Other comprehensive income (loss)0  (0)(0) 
Comprehensive income (loss):27(2)013199
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (1)1(0)(1)(1)
Comprehensive income (loss), net of tax, attributable to parent:25(3)113188

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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