Bassett Furniture Industries, Incorporated (BSET) financial statements (2021 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)

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64375677585950
Cash and cash equivalents46203354353627
Short-term investments18172323232323
Receivables32211920182115
Inventory, net of allowances, customer advances and progress billings55666454536057
Inventory55666454536057
Deferred tax assets    5
Other current assets1012981178
Total current assets:161137149159141147135
Noncurrent Assets
Operating lease, right-of-use asset117 
Property, plant and equipment91102105   75
Intangible assets, net (including goodwill)2426281717182
Goodwill1214161212122
Intangible assets, net (excluding goodwill)121212566 
Deferred income tax assets5 
Other noncurrent assets65658815
Deferred tax assets, net    10
Other undisclosed noncurrent assets 638813(70)
Total noncurrent assets:24213914331333931
Other undisclosed assets   1031059675
TOTAL ASSETS:403276292294278283241
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities52475453495145
Accounts payable23242722212122
Accrued liabilities11121413101311
Employee-related liabilities1711131514149
Interest and dividends payable   4322
Deferred revenue4025
Debt1 03350
Customer advances and deposits27252422
Other undisclosed current liabilities27 27   (0)
Total current liabilities:118728283778067
Noncurrent Liabilities
Long-term debt and lease obligation112  0492
Long-term debt, excluding current maturities   0492
Operating lease, liability112 
Liabilities, other than long-term debt14252019171725
Liability, pension and other postretirement and postemployment benefits12121313131321
Other liabilities21365444
Other undisclosed noncurrent liabilities      (10)
Total noncurrent liabilities:126252019212517
Total liabilities:245971011029810584
Stockholders' equity
Stockholders' equity attributable to parent, including:158179190191181177157
Common stock50      
Additional paid in capital 0 105 
Accumulated other comprehensive loss(1)(1)(2)(3)(3)(3)(2)
Retained earnings110129140139129121106
Other undisclosed stockholders' equity attributable to parent 515354545552
Total stockholders' equity:158179190191181177157
TOTAL LIABILITIES AND EQUITY:403276292294278283241

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

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Revenues386452457453432431341
Revenue, net453432431341
Cost of revenue(164)(179)(180)(178)(168)(179)(160)
Cost of goods and services sold(164)(179)(2)(178)(168)(179)(160)
Other undisclosed gross profit      2
Gross profit:222273277275265252182
Operating expenses(3)(4)(3)(2)(1)(1)(44)
Other undisclosed operating loss(235)(270)(261)(245)(235)(225)(123)
Operating income (loss):(16)(1)1427282615
Nonoperating expense(1)(1)(2)(2)(2)(2)(1)
Investment income, nonoperating010    
Other nonoperating expense(1)(2)(2)(2)(2)(2)(1)
Interest and debt expense(0)(0)(0)(0)(1)(1)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(17)(2)1225262314
Income from equity method investments     01
Other undisclosed income from continuing operations before income taxes   308 
Income (loss) from continuing operations before income taxes:(17)(2)1228263215
Income tax expense (benefit)6(0)(4)(10)(10)(11)(5)
Net income (loss) available to common stockholders, diluted:(10)(2)81816209

Comprehensive Income ($ in millions)

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Net income (loss):(10)(2)81816209
Other comprehensive income (loss)(0)   0(1)(1)
Comprehensive income (loss):(11)(2)81816198
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)11(0)(0)00
Comprehensive income (loss), net of tax, attributable to parent:(11)(1)91816209

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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