Culp, Inc. (CULP) financial statements (2021 and earlier)

Company profile

Business Address 1823 EASTCHESTER DRIVE
HIGH POINT, NC 27265
State of Incorp. NC
Fiscal Year End April 30
SIC 2211 - Broadwoven Fabric Mills, Cotton (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41714524234240
Cash and cash equivalents36704021213830
Short-term investments61522410
Receivables36272526252429
Inventory, net of allowances, customer advances and progress billings58485153514742
Inventory58485153514742
Deferred tax assets    5
Other current assets3233322
Other undisclosed current assets104 26   
Total current assets:149152123132102115118
Noncurrent Assets
Operating lease, right-of-use asset64
Nontrade receivables  1    
Property, plant and equipment42434852524036
Long-term investments and receivables242143842
Long-term investments242143842
Intangible assets, net (including goodwill)333814111114
Goodwill  2714111111
Intangible assets, net (excluding goodwill)3310   3
Deferred income tax assets11
Other noncurrent assets1115233
Deferred tax assets, net01020
Other undisclosed noncurrent assets887   (3)
Total noncurrent assets:636396861036053
TOTAL ASSETS:212215220218206175171
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60293538413649
Accounts payable45232427292428
Accrued liabilities14699121211
Employee-related liabilities      9
Taxes payable1011000
Interest and dividends payable      0
Deferred revenue01
Debt 10    2
Restructuring reserve  0    
Deferred revenue and credits1   
Contract with customer, liability0
Other undisclosed current liabilities300250(8)
Total current liabilities:62403541463643
Noncurrent Liabilities
Long-term debt and lease obligation4321    
Long-term debt, excluding current maturities 301    
Operating lease, liability42
Liabilities, other than long-term debt1713191010109
Accounts payable and accrued liabilities3431044
Deferred compensation liability, classified8877654
Deferred tax liabilities, net32411
Deferred income tax liabilities62
Business combination, contingent consideration, liability  6    
Other undisclosed noncurrent liabilities 0041  
Total noncurrent liabilities:2145201411109
Total liabilities:84855555574652
Stockholders' equity
Stockholders' equity attributable to parent128130160163149129119
Common stock1111111
Additional paid in capital43434448474443
Accumulated other comprehensive income (loss)0(0)0(0)(0)(0)(0)
Retained earnings84871161151018576
Stockholders' equity attributable to noncontrolling interest  4    
Total stockholders' equity:128130164163149129119
TOTAL LIABILITIES AND EQUITY:212215220218206175171

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

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Revenues257256297324310313310
Revenue, net324310313310
Cost of revenue
(Cost of Goods and Services Sold)
(219)(216)(246)(259)(240)(248)(255)
Gross profit:39405065696556
Operating expenses(31)(48)(38)(37)(39)(37)(33)
Other undisclosed operating income (loss)(6)01   (0)
Operating income (loss):1(8)1327302823
Nonoperating income (expense)(2)(0)(1)(0)(0)(0)0
Investment income, nonoperating0111001
Foreign currency transaction gain, before tax      0
Other nonoperating expense(3)(1)(1)(1)(1)(1)(0)
Interest and debt expense(0)(0)(0)(0)  (0)
Income (loss) from continuing operations before equity method investments, income taxes:(1)(8)1227302823
Loss from equity method investments(0)(0)(0)(0)(0)  
Other undisclosed loss from continuing operations before income taxes      (0)
Income (loss) from continuing operations before income taxes:(1)(8)1227302823
Income tax expense(8)(3)(6)(6)(7)(11)(8)
Income (loss) from continuing operations:(9)(11)521221715
Loss from discontinued operations (18)     
Other undisclosed loss before gain (loss) on sale of properties(18)      
Net income (loss) attributable to parent:(26)(29)521221715
Other undisclosed net income (loss) available to common stockholders, basic(4) 0    
Net income (loss) available to common stockholders, diluted:(31)(29)621221715

Comprehensive Income ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Net income (loss):(26)(29)521221715
Other comprehensive income (loss)(0)(0)0    
Other undisclosed comprehensive income0      
Comprehensive income (loss):(26)(29)621221715
Comprehensive income, net of tax, attributable to noncontrolling interest  0    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent05 (0)0(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(26)(24)621221715

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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