Virco Manufacturing Corporation (VIRC) financial statements (2021 and earlier)

Company profile

Business Address 2027 HARPERS WAY
TORRANCE, CA 90501
State of Incorp. DE
Fiscal Year End January 31
SIC 2531 - Public Building and Related Furniture (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2020
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 111110
Cash and cash equivalents 111110
Receivables 121312101011
Inventory, net of allowances, customer advances and progress billings 434742363527
Inventory 434742363527
Prepaid expense 000000
Income taxes receivable0
Deferred tax assets    0
Other undisclosed current assets 111111
Total current assets: 586356484739
Noncurrent Assets
Operating lease, right-of-use asset 21
Property, plant and equipment 404242343535
Deferred income tax assets 11
Other noncurrent assets 888877
Other undisclosed noncurrent assets  10101711
Total noncurrent assets: 816061604343
TOTAL ASSETS: 1391231171088982
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 212723222214
Accounts payable 111814121310
Accrued liabilities 44444 
Employee-related liabilities 655564
Debt 565013
Self insurance reserve      2
Other undisclosed current liabilities      2
Total current liabilities: 253228222321
Noncurrent Liabilities
Long-term debt and lease obligation 361612566
Long-term debt, excluding current maturities 161612566
Operating lease, liability 20
Liabilities, other than long-term debt 222220
Accounts payable and accrued liabilities 00222 
Accrued income taxes0
Other liabilities 12    
Self insurance reserve 1     
Other undisclosed noncurrent liabilities 211616202532
Total noncurrent liabilities: 593430273338
Total liabilities: 846658495659
Stockholders' equity
Stockholders' equity attributable to parent 555759593323
Common stock 000000
Additional paid in capital 119118117117117116
Accumulated other comprehensive loss (14)(9)(9)(11)(14)(20)
Accumulated deficit (50)(52)(50)(46)(69)(74)
Total stockholders' equity: 555759593323
TOTAL LIABILITIES AND EQUITY: 1391231171088982

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

10/31/2020
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues 191201189173169164
Revenue, net201189173169164
Cost of revenue (119)(134)(124)(111)(109)(126)
Cost of goods and services sold (119)(134)(124)(111)(109)(126)
Other undisclosed gross profit      17
Gross profit: 726765636055
Operating expenses (66)(65)(62)(57)(54)(53)
Other undisclosed operating income (loss) (0)000(0)0
Operating income: 624662
Interest and debt expense (2)(2)(2)(1)(1)(1)
Income from continuing operations before equity method investments, income taxes: 302551
Other undisclosed loss from continuing operations before income taxes (1)(1)    
Income (loss) from continuing operations before income taxes: 3(1)2551
Income tax expense (benefit) (0)(0)(6)18(0)(0)
Net income (loss) available to common stockholders, diluted: 2(2)(3)2351

Comprehensive Income ($ in millions)

10/31/2020
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income (loss): 2(2)(3)2351
Other comprehensive income 2012  
Comprehensive income (loss): 4(2)(2)2551
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (7)0116(6)
Comprehensive income (loss), net of tax, attributable to parent: (3)(1)(1)2610(5)

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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