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
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
10/31/2019
Q3
7/31/2019
Q2
4/30/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1101111
Cash and cash equivalents1101111
Receivables1733812184213
Inventory, net of allowances, customer advances and progress billings37495843435964
Inventory37495843435964
Prepaid expense   0   
Other undisclosed current assets2221223
Total current assets:578669586310479
Noncurrent Assets
Operating lease, right-of-use asset19202021   
Property, plant and equipment38393940404141
Deferred income tax assets11111411   
Other noncurrent assets8888888
Other undisclosed noncurrent assets    283134
Total noncurrent assets:75788281778084
TOTAL ASSETS:132163151139140184163
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities21292721213127
Accounts payable12171711111916
Accrued liabilities4654476
Employee-related liabilities6666655
Debt62315513524
Other undisclosed current liabilities    433
Total current liabilities:27524225257054
Noncurrent Liabilities
Long-term debt and lease obligation22333436131617
Long-term debt, excluding current maturities5151616131617
Operating lease, liability17181920   
Liabilities, other than long-term debt2232222
Accounts payable and accrued liabilities1110111
Other liabilities   1   
Self insurance reserve1121222
Other undisclosed noncurrent liabilities21212121343636
Total noncurrent liabilities:45575859505455
Total liabilities:721091018475124109
Stockholders' equity
Stockholders' equity attributable to parent60555155656054
Common stock0000000
Additional paid in capital119119119119119118118
Accumulated other comprehensive loss(13)(14)(14)(14)(9)(9)(9)
Accumulated deficit(46)(51)(55)(50)(46)(49)(55)
Total stockholders' equity:60555155656054
TOTAL LIABILITIES AND EQUITY:132163151139140184163

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

10/31/2020
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
10/31/2019
Q3
7/31/2019
Q2
4/30/2019
Q1
Revenues57591827677027
Cost of revenue
(Cost of Goods and Services Sold)
(34)(36)(13)(20)(40)(42)(18)
Gross profit:22235727299
Operating expenses(16)(15)(12)(14)(20)(19)(13)
Other undisclosed operating loss   (0)   
Operating income (loss):68(7)(7)610(4)
Nonoperating expense
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
(1)(1)(1) (0)(0)(0)
Interest and debt expense(0)(0)(0)(0)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes   1   
Income (loss) from continuing operations before equity method investments, income taxes:57(8)(7)69(4)
Other undisclosed loss from continuing operations before income taxes   (1)   
Income (loss) from continuing operations before income taxes:57(8)(7)69(4)
Income tax expense (benefit)(0)(3)33(2)(3)1
Net income (loss) available to common stockholders, diluted:44(5)(4)46(3)

Comprehensive Income ($ in millions)

10/31/2020
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
10/31/2019
Q3
7/31/2019
Q2
4/30/2019
Q1
Net income (loss):44(5)(4)46(3)
Other comprehensive income0002000
Comprehensive income (loss):54(5)(3)46(3)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent000(7)000
Comprehensive income (loss), net of tax, attributable to parent:54(4)(10)46(3)

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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