Bassett Furniture Industries, Incorporated (BSET) financial statements (2020 and earlier)

Company profile

Business Address PO BOX 626
BASSETT, VA 24055
State of Incorp. VA
Fiscal Year End November 30
SIC 2511 - Wood Household Furniture, Except Upholstered (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37567758595041
Cash and cash equivalents20335435362713
Short-term investments17232323232328
Receivables21192018211516
Inventory, net of allowances, customer advances and progress billings66645453605753
Inventory66645453605753
Deferred tax assets    54
Other current assets1298117812
Total current assets:137149159141147135126
Noncurrent Assets
Property, plant and equipment102105   7564
Intangible assets, net (including goodwill)262817171822
Goodwill141612121222
Intangible assets, net (excluding goodwill)1212566  
Other noncurrent assets565881514
Assets held-for-sale, long lived1
Deferred tax assets, net    1011
Other undisclosed noncurrent assets638813(70)(57)
Total noncurrent assets:1391433133393135
Other undisclosed assets  103105967564
TOTAL ASSETS:276292294278283241226
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities47545349514526
Accounts payable24272221212220
Accrued liabilities121413101311 
Employee-related liabilities111315141497
Interest and dividends payable  4322 
Deferred revenue25
Debt 033500
Customer advances and deposits27252422
Other undisclosed current liabilities 27   (0)25
Total current liabilities:72828377806751
Noncurrent Liabilities
Long-term debt and lease obligation  04922
Long-term debt, excluding current maturities  04922
Liabilities, other than long-term debt25201917172523
Pension and other postretirement defined benefit plans, liabilities9
Postemployment benefits liability11
Liability, pension and other postretirement and postemployment benefits121313131321
Other liabilities13654443
Other undisclosed noncurrent liabilities     (10)(9)
Total noncurrent liabilities:25201921251717
Total liabilities:97101102981058468
Stockholders' equity
Stockholders' equity attributable to parent, including:179190191181177157157
Additional paid in capital0 105  
Accumulated other comprehensive loss(1)(2)(3)(3)(3)(2)(1)
Retained earnings129140139129121106105
Other undisclosed stockholders' equity attributable to parent51535454555254
Total stockholders' equity:179190191181177157157
TOTAL LIABILITIES AND EQUITY:276292294278283241226

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

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Revenues452457453432431341321
Revenue, net453432431341321
Cost of revenue(179)(180)(178)(168)(179)(160)(158)
Cost of goods and services sold(179)(2)(178)(168)(179)(160)(158)
Other undisclosed gross profit     23
Gross profit:273277275265252182166
Operating expenses(4)(3)(2)(1)(1)(44)(35)
Other undisclosed operating loss(270)(261)(245)(235)(225)(123)(121)
Operating income (loss):(1)142728261510
Nonoperating expense(1)(2)(2)(2)(2)(1)(2)
Investment income, nonoperating10     
Other nonoperating expense(2)(2)(2)(2)(2)(1)(2)
Interest and debt expense(0)(0)(0)(1)(1)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(2)12252623148
Income from equity method investments    011
Other undisclosed income (loss) from continuing operations before income taxes  308 (0)
Income (loss) from continuing operations before income taxes:(2)12282632158
Income tax expense(0)(4)(10)(10)(11)(5)(3)
Net income (loss) available to common stockholders, diluted:(2)818162095

Comprehensive Income ($ in millions)

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Net income (loss):(2)818162095
Other comprehensive income (loss)   0(1)(1) 
Comprehensive income (loss):(2)818161985
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11(0)(0)00(0)
Comprehensive income (loss), net of tax, attributable to parent:(1)918162095

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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