Tuesday Morning Corp. (TUEM) Financial Statements (2024 and earlier)

Company Profile

Business Address 6250 LBJ FREEWAY
DALLAS, TX 75240
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 5331 - Variety Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 7,8166,53446,67611,3959,5106,263
Cash and cash equivalents 7,8166,53446,67611,3959,5106,263
Inventory, net of allowances, customer advances and progress billings 148,462145,075114,905237,895234,365221,906
Inventory 148,462145,075114,905237,895234,365221,906
Prepaid expense 5,8115,4866,3535,3886,3016,367
Other current assets 1,6943,3857,2101,8221,2061,982
Other undisclosed current assets  22,321    
Total current assets: 163,783182,801175,144256,500251,382236,518
Noncurrent Assets
Operating lease, right-of-use asset 156,945193,244258,433
Property, plant and equipment 28,44237,78468,635110,146121,117118,397
Other noncurrent assets 1,8771,5963,1782,8813,0862,252
Other undisclosed noncurrent assets 3,1292,459 994671986
Total noncurrent assets: 190,393235,083330,246114,021124,874121,635
TOTAL ASSETS: 354,176417,884505,390370,521376,256358,153
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 85,51092,38439,456137,174130,743111,597
Taxes payable5,330   6611
Employee-related liabilities5,892     
Accounts payable 40,79745,9305,51491,25188,91267,326
Accrued liabilities 33,49146,45433,94245,92341,76544,260
Debt 250     
Other undisclosed current liabilities 41,03654,632100   
Total current liabilities: 126,796147,01639,556137,174130,743111,597
Noncurrent Liabilities
Long-term debt and lease obligation 178,117168,24032634,65038,48030,500
Long-term debt, excluding current maturities 62,19112,000 34,65038,48030,500
Finance lease, liability   326
Liabilities, other than long-term debt 30,27630,8272,56027,38826,77917,217
Deferred revenue and credits 13,883
Deferred rent credit    23,55122,883
Asset retirement obligations  1,0211,2133,0023,1002,307
Due to related parties 28,73026,374    
Other liabilities 1,5463,4321,3478357961,027
Operating lease, liability 115,926156,240 
Other undisclosed noncurrent liabilities   456,013   
Total noncurrent liabilities: 208,393199,067458,89962,03865,25947,717
Total liabilities: 335,189346,083498,455199,212196,002159,314
Equity
Equity, attributable to parent 18,98771,8016,935171,309180,254198,839
Common stock 859862455465469469
Treasury stock, value (6,812)(6,812)(6,812)(6,812)(6,812)(6,812)
Additional paid in capital 311,690305,498244,021241,456237,957234,604
Accumulated deficit (286,750)(227,747)(230,729)(63,800)(51,360)(29,422)
Total equity: 18,98771,8016,935171,309180,254198,839
TOTAL LIABILITIES AND EQUITY: 354,176417,884505,390370,521376,256358,153

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

9/30/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Revenues 749,809690,790874,8951,007,2461,006,332966,665
Revenue, net 966,665
Cost of revenue
(Cost of Goods and Services Sold)
 (557,988)(484,788)(590,025)(654,931)(665,358)(645,920)
Gross profit: 191,821206,002284,870352,315340,974320,745
Operating expenses (243,332)(249,351)(413,770)(362,840)(361,924)(353,025)
Other undisclosed operating loss  (5,638)(30,294)   
Operating loss: (51,511)(48,987)(159,194)(10,525)(20,950)(32,280)
Nonoperating income 7194145517929341,420
Other nonoperating income 719414 7929341,420
Interest and debt expense 939(8)(1,606)(276)(315)(326)
Loss from continuing operations before equity method investments, income taxes: (49,853)(48,581)(160,249)(10,009)(20,331)(31,186)
Other undisclosed income (loss) from continuing operations before income taxes (9,077)51,854(5,858)(2,185)(1,746)(1,159)
Income (loss) from continuing operations before income taxes: (58,930)3,273(166,107)(12,194)(22,077)(32,345)
Income tax expense (benefit) (73)(291)(221)(246)139(197)
Income (loss) from continuing operations: (59,003)2,982(166,328)(12,440)(21,938)(32,542)
Income (loss) before gain (loss) on sale of properties:(59,003)2,982(166,328)(12,440)(21,938)(32,542)
Net income (loss) attributable to parent: (59,003)2,982(166,328)(12,440)(21,938)(32,542)
Undistributed earnings (loss) allocated to participating securities, basic  (135)   
Net income (loss) available to common stockholders, diluted: (59,003)2,847(166,328)(12,440)(21,938)(32,542)

Comprehensive Income ($ in thousands)

9/30/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Net income (loss): (59,003)2,982(166,328)(12,440)(21,938)(32,542)
Comprehensive income (loss), net of tax, attributable to parent: (59,003)2,982(166,328)(12,440)(21,938)(32,542)

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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