Culp, Inc. (CULP) financial statements (2020 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)

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33452423424036
Cash and cash equivalents22402121383029
Short-term investments115224106
Receivables27252625242927
Inventory, net of allowances, customer advances and progress billings58515351474241
Inventory58515351474241
Assets held-for-sale, not part of disposal group0    
Income taxes receivable0
Deferred tax assets    56
Other current assets3333222
Other undisclosed current assets  26    
Total current assets:121123132102115118112
Noncurrent Assets
Operating lease, right-of-use asset6
Nontrade receivables11    
Property, plant and equipment46485252403631
Long-term investments and receivables421438421
Long-term investments421438421
Intangible assets, net (including goodwill)24381411111411
Goodwill16271411111111
Intangible assets, net (excluding goodwill)810   3 
Other noncurrent assets0152333
Deferred tax assets, net010202
Other undisclosed noncurrent assets97   (3) 
Total noncurrent assets:899686103605349
TOTAL ASSETS:210220218206175171161
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30353841364917
Accounts payable222427292428 
Accrued liabilities8991212119
Employee-related liabilities     97
Taxes payable0110000
Interest and dividends payable     0 
Deferred revenue0
Debt2    22
Restructuring reserve 0    
Deferred revenue and credits1    
Contract with customer, liability0
Other undisclosed current liabilities00250(8)20
Total current liabilities:33354146364339
Noncurrent Liabilities
Long-term debt and lease obligation41    2
Long-term debt, excluding current maturities11    2
Operating lease, liability3
Liabilities, other than long-term debt111910101098
Accounts payable and accrued liabilities331044 
Accrued income taxes4
Deferred compensation liability, classified8776543
Deferred tax liabilities, net324111
Business combination, contingent consideration, liability 6    
Other undisclosed noncurrent liabilities2041  1
Total noncurrent liabilities:1720141110910
Total liabilities:50555557465249
Stockholders' equity
Stockholders' equity attributable to parent160160163149129119112
Common stock1111111
Additional paid in capital44444847444343
Accumulated other comprehensive income (loss)00(0)(0)(0)(0)(0)
Retained earnings115116115101857668
Stockholders' equity attributable to noncontrolling interest04     
Total stockholders' equity:160164163149129119112
TOTAL LIABILITIES AND EQUITY:210220218206175171161

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

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Revenues290297324310313310287
Revenue, net324310313310287
Cost of revenue
(Cost of Goods and Services Sold)
(238)(246)(259)(240)(248)(255)(238)
Gross profit:52506569655649
Operating expenses(56)(38)(37)(39)(37)(33)(28)
Other undisclosed operating income (loss)81   (0)(0)
Operating income:4132730282320
Nonoperating income (expense)(0)(1)(0)(0)(0)0(1)
Investment income, nonoperating1110010
Foreign currency transaction gain, before tax     0 
Other nonoperating expense(1)(1)(1)(1)(1)(0)(1)
Interest and debt expense(0)(0)(0)  (0)(0)
Income from continuing operations before equity method investments, income taxes:3122730282319
Loss from equity method investments(0)(0)(0)(0)   
Other undisclosed loss from continuing operations before income taxes     (0) 
Income from continuing operations before income taxes:3122730282319
Income tax expense(6)(6)(6)(7)(11)(8)(2)
Net income (loss) attributable to parent:(2)52122171517
Other undisclosed net income available to common stockholders, basic50     
Net income available to common stockholders, diluted:262122171517

Comprehensive Income ($ in millions)

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Net income (loss):(2)52122171517
Other comprehensive income00     
Comprehensive income (loss):(2)62122171517
Comprehensive income, net of tax, attributable to noncontrolling interest50     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (0)0(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:262122171517

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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