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
Q1
6/30/2022
Q4
3/31/2022
Q3
12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 8,4574,3214,5506,5346,314
Cash and cash equivalents 8,4574,3214,5506,5346,314
Inventory, net of allowances, customer advances and progress billings 176,650157,067174,149145,075137,360
Inventory 176,650157,067174,149145,075137,360
Prepaid expense 5,0735,3194,4045,4868,081
Other current assets 1,8625,1496,5193,3853,970
Other undisclosed current assets    13722,32155,569
Total current assets: 192,042171,856189,759182,801211,294
Noncurrent Assets
Operating lease, right-of-use asset 162,320178,794185,619193,244203,565
Property, plant and equipment 30,36532,13133,83837,78439,082
Other noncurrent assets 1,6411,6861,5461,5963,329
Other undisclosed noncurrent assets 1,8161,9682,2142,4592,705
Total noncurrent assets: 196,142214,579223,217235,083248,681
TOTAL ASSETS: 388,184386,435412,976417,884459,975
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 82,03281,77398,69092,384118,948
Taxes payable    
Employee-related liabilities    
Accounts payable 42,95036,57956,81445,93046,082
Accrued liabilities 39,08245,19441,87646,45472,866
Debt 12373 171
Other undisclosed current liabilities 54,16457,81555,31554,63253,309
Total current liabilities: 136,197139,611154,078147,016172,428
Noncurrent Liabilities
Long-term debt and lease obligation 174,788154,041168,923168,240169,199
Long-term debt, excluding current maturities 54,07717,86022,39012,000 
Finance lease, liability      9
Liabilities, other than long-term debt 31,19430,25231,17130,8274,032
Asset retirement obligations  1,0561,0851,0661,021971
Due to related parties 29,53128,44827,39626,374 
Other liabilities 6077192,7093,4323,061
Operating lease, liability 120,711136,181146,533156,240169,190
Derivative instruments and hedges, liabilities      
Other undisclosed noncurrent liabilities      25,383
Total noncurrent liabilities: 205,982184,293200,094199,067198,614
Total liabilities: 342,179323,904354,172346,083371,042
Equity
Equity, attributable to parent 46,00562,53158,80471,80188,933
Common stock 858858858862832
Treasury stock, value (6,812)(6,812)(6,812)(6,812)(6,812)
Additional paid in capital 310,566308,941307,108305,498303,798
Accumulated deficit (258,607)(240,456)(242,350)(227,747)(208,885)
Total equity: 46,00562,53158,80471,80188,933
TOTAL LIABILITIES AND EQUITY: 388,184386,435412,976417,884459,975

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

9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
Revenues(587,875)159,621251,382176,872177,274153,345
Cost of revenue
(Cost of Goods and Services Sold)
 (120,700)(179,838)(125,858)(130,596)(105,145)
Gross profit: 38,92171,54451,01446,67848,200
Operating expenses (55,290)(68,098)(62,707)(64,751)(59,183)
Other undisclosed operating income (loss)     1,916(1,047)
Operating income (loss): (16,369)3,446(11,693)(16,157)(12,030)
Nonoperating expense (1,713)(1,561)(2,959)(54,975)(24,917)
Other nonoperating income (expense) 788349 89
Interest and debt expense  (1) (1)(1)
Income (loss) from continuing operations before equity method investments, income taxes: (18,082)1,884(14,652)(71,133)(36,948)
Other undisclosed income from continuing operations before income taxes  1 51,8471
Income (loss) from continuing operations before income taxes: (18,082)1,885(14,652)(19,286)(36,947)
Income tax expense (benefit) (69)949424(172)
Income (loss) from continuing operations: (18,151)1,894(14,603)(18,862)(37,119)
Income (loss) before gain (loss) on sale of properties:(18,151)1,894(14,603)(18,862)(37,119)
Net income (loss) attributable to parent: (18,151)1,894(14,603)(18,862)(37,119)
Undistributed earnings (loss) allocated to participating securities, basic   (23) 176 
Net income (loss) available to common stockholders, diluted: (18,151)1,871(14,603)(18,686)(37,119)

Comprehensive Income ($ in thousands)

9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
Net income (loss): (18,151)1,894(14,603)(18,862)(37,119)
Comprehensive income (loss), net of tax, attributable to parent: (18,151)1,894(14,603)(18,862)(37,119)

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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