Taylor Devices Inc. (TAYD) Financial Statements (2024 and earlier)

Company Profile

Business Address 90 TAYLOR DR
NORTH TONAWANDA, NY 14120
State of Incorp. NY
Fiscal Year End May 31
Industry (SIC) 3569 - General Industrial Machinery and Equipment, Not Elsewhere (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

2/29/2024
MRQ
11/30/2023
MRQ
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,91028,09023,61421,67916,2326,127
Cash and cash equivalents3,1613,57522,51720,58215,1605,072
Short-term investments31,74924,5151,0971,0971,0721,056
Receivables  5,5834,4674,1215,8195,279
Inventory, net of allowances, customer advances and progress billings6,8575,9415,8555,83610,10711,239
Inventory6,8575,9415,8555,83610,10711,239
Prepaid expense  440468523460312
Other current assets397229    
Other undisclosed current assets5,7954,0953,5721,9541,8057,810
Total current assets:47,95944,37837,97734,11234,42430,768
Noncurrent Assets
Inventory, Noncurrent1,3121,0031,1071,613879732
Property, plant and equipment11,35611,7229,8559,8179,4079,317
Intangible assets, net (including goodwill)      
Intangible assets, net (excluding goodwill)      
Deferred income tax assets56956975  
Other undisclosed noncurrent assets240210205391366380
Total noncurrent assets:13,47613,50411,24211,82010,65210,429
TOTAL ASSETS:61,43557,88149,21945,93245,07641,197
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,2015,7964,7563,5033,0342,935
Accounts payable1,1681,7181,4271,7871,3701,403
Accrued liabilities3,0334,0783,3291,7151,6641,532
Debt     1,462 
Other liabilities      1,532
Other undisclosed current liabilities3,0061,9921,2081,6311,043411
Total current liabilities:7,2077,7885,9645,1345,5384,878
Noncurrent Liabilities
Total liabilities:7,2077,7885,9645,1345,5384,878
Equity
Equity, attributable to parent54,22850,09343,25540,79839,53836,319
Common stock  102101101101101
Treasury stock, value(3,101)(3,085)(2,915)(2,915)(2,861)(2,829)
Additional paid in capital11,37110,94710,22810,0109,7599,539
Retained earnings45,95742,12835,84133,60132,53929,509
Total equity:54,22850,09343,25540,79839,53836,319
TOTAL LIABILITIES AND EQUITY:61,43557,88149,21945,93245,07641,197

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

2/29/2024
TTM
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues40,87540,19930,86722,51028,38233,619
Cost of revenue
(Cost of Goods and Services Sold)
(23,092)(24,133)(22,239)(19,335)(19,144)(24,571)
Gross profit:17,78316,0668,6283,1759,2379,048
Operating expenses(9,935)(9,257)(6,155)(5,527)(5,934)(6,046)
Operating income (loss):7,8476,8092,473(2,352)3,3033,002
Nonoperating income1,263696843,03411358
Investment income, nonoperating  699    
Other nonoperating income (expense)1,000(3)2692(11)
Interest and debt expense  (23)    
Other undisclosed loss from continuing operations before equity method investments, income taxes(23)     
Income from continuing operations before equity method investments, income taxes:9,0877,4822,5566823,4163,060
Other undisclosed income from continuing operations before income taxes2323    
Income from continuing operations before income taxes:9,1117,5052,5566823,4163,060
Income tax expense (benefit)(1,556)(1,218)(317)381(386)(515)
Income from continuing operations:7,5556,2872,2391,0633,0302,545
Income before gain (loss) on sale of properties:2,2391,0633,0302,545
Net income available to common stockholders, diluted:7,5556,2872,2391,0633,0302,545

Comprehensive Income ($ in thousands)

2/29/2024
TTM
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net income:7,5556,2872,2391,0633,0302,545
Comprehensive income, net of tax, attributable to parent:7,5556,2872,2391,0633,0302,545

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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