Clearfield, Inc. (CLFD) financial statements (2022 and earlier)

Company profile

Business Address 7050 WINNETKA AVE. N.
BROOKLYN PARK, MN 55428
State of Incorp. MN
Fiscal Year End September 30
SIC 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,05523,59027,03223,60617,47824,47333,541
Cash and cash equivalents12,68213,21616,45010,0828,54818,53628,014
Short-term investments10,37310,37410,58313,5248,9305,9375,527
Receivables16,33019,43810,4979,11912,8217,2387,999
Inventory, net of allowances, customer advances and progress billings43,57427,52414,4099,01310,0508,4548,373
Inventory43,57427,52414,4099,01310,0508,4548,373
Other current assets1,0859545857697429791,199
Total current assets:84,04471,50652,52342,50741,09241,14351,113
Noncurrent Assets
Operating lease, right-of-use asset1,7612,3052,539 
Property, plant and equipment6,5744,9985,1105,4134,7455,4345,781
Long-term investments and receivables35,19236,91325,14323,90217,97419,81610,703
Long-term investments35,19236,91325,14323,90217,97419,81610,703
Intangible assets, net (including goodwill)9,2569,4059,5389,85610,1912,5712,571
Goodwill4,7094,7094,7094,7094,7092,5712,571
Intangible assets, net (excluding goodwill)4,5474,6964,8295,1475,483  
Deferred income tax assets365365178 
Other noncurrent assets572419267211227530428
Total noncurrent assets:53,72054,40542,77539,38233,13728,35119,483
TOTAL ASSETS:137,764125,91195,29781,88974,22969,49470,595
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities21,37519,5579,7496,6074,9814,2437,346
Accounts payable12,3669,2153,6903,1742,3631,7402,573
Accrued liabilities4,8721,6131,2032095699375
Employee-related liabilities4,1378,7294,8573,2252,0492,4104,697
Other undisclosed current liabilities702915666    
Total current liabilities:22,07720,47110,4156,6074,9814,2437,346
Noncurrent Liabilities
Long-term debt and lease obligation1,2141,6152,129    
Operating lease, liability1,2141,6152,129 
Liabilities, other than long-term debt      412
Deferred tax liabilities, net  412
Other undisclosed noncurrent liabilities(1,214)(1,615)(2,129)348373726244
Total noncurrent liabilities:1,2141,6152,129348373726656
Total liabilities:23,29122,08712,5446,9555,3544,9698,001
Stockholders' equity
Stockholders' equity attributable to parent114,473103,82482,75374,93368,87564,52562,594
Common stock138137137136136138141
Additional paid in capital58,50558,24657,50356,97655,48455,40757,321
Retained earnings55,83045,44125,11417,82113,2558,9805,132
Total stockholders' equity:114,473103,82482,75374,93368,87564,52562,594
TOTAL LIABILITIES AND EQUITY:137,764125,91195,29781,88974,22969,49470,595

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues164,772140,75593,07585,03477,65173,94875,288
Revenue, net73,94875,288
Cost of revenue(91,992)(79,578)(55,160)(52,345)(46,655)(43,683)(42,417)
Other undisclosed gross profit   0   
Gross profit:72,78161,17837,91432,68930,99730,26432,870
Operating expenses(38,211)(35,944)(29,530)(27,501)(25,926)(24,952)(22,139)
Operating income:34,56925,2348,3845,1885,0715,31210,732
Nonoperating income
(Investment Income, Nonoperating)
486500771738457274157
Income from continuing operations before income taxes:35,05625,7349,1555,9275,5285,58610,889
Income tax expense(7,503)(5,407)(1,862)(1,360)(1,253)(1,738)(2,876)
Net income available to common stockholders, basic:27,55320,3277,2934,5664,2753,8488,013
Dilutive securities, effect on basic earnings per share   824128291
Net income available to common stockholders, diluted:27,55320,3277,2934,5744,2983,9768,304

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income:27,55320,3277,2934,5664,2753,8488,013
Comprehensive income, net of tax, attributable to parent:27,55320,3277,2934,5664,2753,8488,013

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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