VOXX International Corporation (VOXX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
180 MARCUS BLVD HAUPPAUGE, NY 11788 |
| State of Incorp. | DE |
| Fiscal Year End | February 28 |
| Industry (SIC) | 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 11/30/2023 Q3 | 8/31/2023 Q2 | 5/31/2023 Q1 | 2/28/2023 Q4 | 11/30/2022 Q3 | 8/31/2022 Q2 | 5/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 6,868 | 6,133 | 7,187 | 9,644 | 5,551 | 6,955 | |||
| Cash and cash equivalents | 5,934 | 5,235 | 6,134 | 8,477 | 4,326 | 5,733 | |||
| Short-term investments | 934 | 898 | 1,053 | 1,167 | 1,225 | 1,222 | |||
| Receivables | 65,022 | 66,634 | 82,914 | 92,020 | 80,593 | 82,862 | |||
| Inventory, net of allowances, customer advances and progress billings | 174,195 | 184,355 | 175,129 | 192,996 | 192,931 | 181,187 | |||
| Inventory | 174,195 | 184,355 | 175,129 | 192,996 | 192,931 | 181,187 | |||
| Other undisclosed current assets | 19,961 | 21,557 | 19,791 | 27,173 | 22,090 | 19,129 | |||
| Total current assets: | 266,046 | 278,679 | 285,021 | 321,833 | 301,165 | 290,133 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,397 | 3,449 | 3,632 | 3,905 | 4,106 | 4,255 | |||
| Property, plant and equipment | 45,931 | 46,298 | 47,044 | 47,903 | 48,441 | 49,813 | |||
| Long-term investments and receivables | 22,597 | 22,936 | 23,071 | 23,611 | 23,410 | 23,232 | |||
| Long-term investments | 22,597 | 22,936 | 23,071 | 23,611 | 23,410 | 23,232 | |||
| Intangible assets, net (including goodwill) | 150,770 | 153,485 | 155,745 | 165,368 | 166,011 | 170,048 | |||
| Goodwill | 64,297 | 64,960 | 65,308 | 72,375 | 71,412 | 72,507 | |||
| Intangible assets, net (excluding goodwill) | 86,473 | 88,525 | 90,437 | 92,993 | 94,599 | 97,541 | |||
| Deferred income tax assets | 1,209 | 1,202 | 1,218 | 38 | 38 | 39 | |||
| Other noncurrent assets | 3,067 | 2,892 | 3,720 | 3,748 | 3,651 | 3,577 | |||
| Total noncurrent assets: | 226,971 | 230,262 | 234,430 | 244,573 | 245,657 | 250,964 | |||
| TOTAL ASSETS: | 493,017 | 508,941 | 519,451 | 566,406 | 546,822 | 541,097 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 56,977 | 66,420 | 59,153 | 76,280 | 76,047 | 77,630 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 2,178 | 1,545 | ||
| Accounts payable | 36,786 | 46,874 | 35,099 | 48,734 | 50,851 | 54,113 | |||
| Accrued liabilities | 20,191 | 19,546 | 24,054 | 27,546 | 23,018 | 21,972 | |||
| Deferred revenue | 3,520 | 3,865 | 3,990 | 3,796 | 4,224 | 4,218 | |||
| Debt | 500 | 1,568 | 500 | 500 | 500 | ||||
| Restructuring reserve | |||||||||
| Business combination, contingent consideration, liability | 4,500 | 4,500 | 4,500 | ||||||
| Other liabilities | 40,036 | 41,220 | 41,856 | 44,486 | 43,966 | 46,923 | |||
| Other undisclosed current liabilities | 45,987 | 44,375 | 43,888 | 42,403 | 39,239 | 38,886 | |||
| Total current liabilities: | 151,520 | 161,948 | 153,387 | 167,465 | 163,976 | 168,157 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 42,675 | 35,118 | 38,757 | 46,811 | 40,165 | 18,948 | |||
| Long-term debt, excluding current maturities | 42,309 | 35,087 | 38,694 | 46,717 | 37,241 | 15,842 | |||
| Finance lease, liability | 366 | 31 | 63 | 94 | 39 | ||||
| Liabilities, other than long-term debt | 10,944 | 10,966 | 12,330 | 18,412 | 14,887 | 14,745 | |||
| Deferred compensation liability, classified | 934 | 898 | 1,053 | 1,167 | 1,225 | 1,222 | |||
| Deferred income tax liabilities | 4,599 | 4,629 | 4,855 | 5,228 | 5,084 | 4,330 | |||
| Liability for uncertainty in income taxes | 875 | 854 | 966 | 929 | 907 | 913 | |||
| Other liabilities | 2,146 | 2,216 | 2,947 | 3,144 | 3,177 | 3,279 | |||
| Operating lease, liability | 2,390 | 2,369 | 2,509 | 2,735 | 2,924 | 3,067 | |||
| Business combination, contingent consideration, liability | 5,209 | 4,494 | 5,001 | ||||||
| Other undisclosed noncurrent liabilities | 8,721 | 7,427 | 6,136 | 5,211 | 4,001 | 2,708 | |||
| Total noncurrent liabilities: | 62,340 | 53,511 | 57,223 | 70,434 | 59,053 | 36,401 | |||
| Total liabilities: | 213,860 | 215,459 | 210,610 | 237,899 | 223,029 | 204,558 | |||
| Temporary equity, carrying amount | 1,971 | 3,979 | 4,250 | 3,064 | 3,462 | 3,223 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 315,656 | 327,420 | 341,859 | 362,215 | 356,621 | 369,023 | |||
| Treasury stock, value | (37,257) | (34,398) | (30,285) | (27,913) | (25,138) | (25,138) | |||
| Additional paid in capital | 297,043 | 296,835 | 296,577 | 296,456 | 296,311 | 296,175 | |||
| Accumulated other comprehensive loss | (17,654) | (18,503) | (18,680) | (19,851) | (20,867) | (18,878) | |||
| Retained earnings | 77,320 | 87,259 | 97,997 | 117,251 | 109,830 | 120,046 | |||
| Other undisclosed equity, attributable to parent | (3,796) | (3,773) | (3,750) | (3,728) | (3,515) | (3,182) | |||
| Equity, attributable to noncontrolling interest | (38,470) | (37,917) | (37,268) | (36,772) | (36,290) | (35,707) | |||
| Total equity: | 277,186 | 289,503 | 304,591 | 325,443 | 320,331 | 333,316 | |||
| TOTAL LIABILITIES AND EQUITY: | 493,017 | 508,941 | 519,451 | 566,406 | 546,822 | 541,097 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 11/30/2023 Q3 | 8/31/2023 Q2 | 5/31/2023 Q1 | 2/28/2023 Q4 | 11/30/2022 Q3 | 8/31/2022 Q2 | 5/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 113,642 | 111,926 | 61,974 | 143,055 | 125,705 | 128,732 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (85,017) | (84,346) | (53,260) | (105,918) | (96,448) | (95,493) | ||
| Gross profit: | 28,625 | 27,580 | 8,714 | 37,137 | 29,257 | 33,239 | ||
| Operating expenses | (37,136) | (38,989) | (40,695) | (34,807) | (39,231) | (39,940) | ||
| Operating income (loss): | (8,511) | (11,409) | (31,981) | 2,330 | (9,974) | (6,701) | ||
| Nonoperating income (expense) | (952) | (701) | (6,343) | 460 | (1,519) | (2,110) | ||
| Loss, foreign currency transaction, before tax | (3,674) | |||||||
| Other nonoperating income (expense) | (952) | (701) | (2,730) | 460 | (1,519) | (2,110) | ||
| Interest and debt expense | (1,573) | (1,546) | (2,803) | (1,460) | (911) | (730) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (11,036) | (13,656) | (41,127) | 1,330 | (12,404) | (9,541) | ||
| Income from equity method investments | 1,241 | 1,616 | 5 | 2,022 | 1,763 | 1,588 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (1,612) | (986) | 39,113 | (986) | (986) | (986) | ||
| Income (loss) from continuing operations before income taxes: | (11,407) | (13,026) | (2,009) | 2,366 | (11,627) | (8,939) | ||
| Income tax expense (benefit) | (1,170) | 1,321 | (335) | 3,988 | 708 | 1,092 | ||
| Income (loss) from continuing operations: | (12,577) | (11,705) | (2,344) | 6,354 | (10,919) | (7,847) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (10,919) | (7,847) | |
| Net income (loss): | (12,577) | (11,705) | (2,344) | 6,354 | (10,919) | (7,847) | ||
| Net income (loss) attributable to noncontrolling interest | 1,513 | 967 | (1,138) | 1,067 | 703 | 1,320 | ||
| Net income (loss) available to common stockholders, diluted: | (11,064) | (10,738) | (3,482) | 7,421 | (10,216) | (6,527) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 11/30/2023 Q3 | 8/31/2023 Q2 | 5/31/2023 Q1 | 2/28/2023 Q4 | 11/30/2022 Q3 | 8/31/2022 Q2 | 5/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (12,577) | (11,705) | (2,344) | 6,354 | (10,919) | (7,847) | ||
| Other comprehensive income (loss) | 849 | 177 | 1,095 | 1,016 | (1,989) | (1,375) | ||
| Comprehensive income (loss): | (11,728) | (11,528) | (1,249) | 7,370 | (12,908) | (9,222) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1,513 | 967 | (1,138) | 1,067 | 703 | 1,320 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (10,215) | (10,561) | (2,387) | 8,437 | (12,205) | (7,902) | ||
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.