Daktronics, Inc. (DAKT) financial statements (2022 and earlier)

Company profile

Business Address PO BOX 5128
BROOKINGS, SD 57006
State of Incorp. SD
Fiscal Year End April 30
SIC 399 - Miscellaneous Manufacturing Industries (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,91877,59040,39835,38364,24965,33653,000
Cash and cash equivalents30,88377,59040,39835,38329,72732,62328,328
Short-term investments4,035   34,52232,71324,672
Restricted cash and investments8362,8121435928216198
Receivables100,68670,00176,64468,87484,52481,73185,538
Inventory, net of allowances, customer advances and progress billings111,11074,35686,80378,83275,33566,48669,827
Inventory111,11074,35686,80378,83275,33566,48669,827
Contract with customer, asset39,87432,79935,46733,704
Assets held-for-sale, not part of disposal group  1,8171,858   
Costs in excess of billings30,96836,40330,200
Other undisclosed current assets12,9037,44510,85934,6639,0297,5536,468
Total current assets:300,327265,003252,002253,673264,133257,725245,231
Noncurrent Assets
Property, plant and equipment58,26258,68267,48465,31468,05966,74973,163
Long-term investments and receivables25,57621,52218,3711,2145,3305,3363,866
Long-term investments17,92119,88717,257 3,6892,720 
Accounts and financing receivable, after allowance for credit loss7,6551,6351,1141,2141,6412,6163,866
Intangible assets, net (including goodwill)9,67810,49711,0977,88911,94612,5178,116
Goodwill8,0998,4147,7437,8898,2647,8128,116
Intangible assets, net (excluding goodwill)1,5792,0833,354 3,6824,705 
Deferred costs  1,357 8691,759 
Deferred income tax assets11,73111,94413,271
Deferred tax assets, net 7,93011,292 
Other undisclosed noncurrent assets9,4777,5169,06921,1265335519,572
Total noncurrent assets:114,724110,161120,64995,54394,66797,708104,717
TOTAL ASSETS:415,051375,164372,651349,216358,800355,433349,948
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities95,41171,66185,30477,40276,95078,07667,283
Accounts payable62,83540,25147,83444,87348,84551,49943,441
Accrued liabilities32,03130,67236,62632,06127,44525,03323,532
Taxes payable5457388444686601,544310
Deferred revenue79,59164,49550,897
Debt    1,0881,409585
Provision for loss on contracts  422,353   
Deferred revenue and credits12,65212,13710,712
Billings in excess of cost12,19510,89710,361
Customer advances and deposits14,53214,49816,012
Contract with customer, liability47,178
Other undisclosed current liabilities11,37810,4649,7227,13913,89113,57816,564
Total current liabilities:186,380146,620145,965134,072131,308130,595121,517
Noncurrent Liabilities
Liabilities, other than long-term debt34,83234,99049,70627,48129,87626,55227,364
Deferred revenue and credits7,4755,4345,603
Accounts payable and accrued liabilities16,27116,04415,86014,97816,06214,32113,932
Deferred revenue10,73810,72010,707
Contract with customer, liability10,053
Deferred tax liabilities, net533614836754
Deferred income tax liabilities363410452
Liability for uncertainty in income taxes  5825783,4403,1133,016
Other liabilities7,4607,81622,1051,3392,2852,8484,059
Total noncurrent liabilities:34,83234,99049,70627,48129,87626,55227,364
Total liabilities:221,212181,610195,671161,553161,184157,147148,881
Stockholders' equity
Stockholders' equity attributable to parent193,839193,554176,980187,663197,616198,286201,067
Common stock61,79460,57560,01057,69954,73152,53051,347
Treasury stock, value(10,101)(7,297)(7,470)(1,834)(1,834)(1,834)(9)
Additional paid in capital47,90346,59544,62742,56140,32838,00435,351
Accumulated other comprehensive loss(3,482)(2,335)(5,277)(4,356)(2,714)(4,381)(2,898)
Retained earnings97,72596,01685,09093,593107,105113,967117,276
Total stockholders' equity:193,839193,554176,980187,663197,616198,286201,067
TOTAL LIABILITIES AND EQUITY:415,051375,164372,651349,216358,800355,433349,948

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

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues565,650482,033608,932569,704610,530586,539570,168
Revenue, net610,530586,539570,168
Cost of revenue(451,323)(361,450)(470,232)(439,410)(464,861)(446,124)(449,149)
Gross profit:114,327120,583138,700130,294145,669140,415121,019
Operating expenses(108,826)(103,475)(138,867)(135,022)(133,209)(124,994)(118,524)
Operating income (loss):5,50117,108(167)(4,728)12,46015,4212,495
Nonoperating income (expense)(3,042)(2,753)264(56)186397978
Investment income, nonoperating1772308051,0317237511,106
Other nonoperating expense(3,219)(2,983)(541)(1,087)(537)(354)(128)
Interest and debt expense(16)(295)(106)(160)(217)(230)(228)
Other undisclosed loss from continuing operations before equity method investments, income taxes(295)     (119)
Income (loss) from continuing operations before equity method investments, income taxes:2,14814,060(9)(4,944)12,42915,5883,126
Loss from equity method investments(2,370)(2,370)(741)(844)(481)(136) 
Other undisclosed income from continuing operations before income taxes2,6192,370741844481136 
Income (loss) from continuing operations before income taxes:2,39714,060(9)(4,944)12,42915,5883,126
Income tax expense (benefit)(431)(3,134)5003,986(6,867)(5,246)(1,065)
Net income (loss) available to common stockholders, diluted:1,96610,926491(958)5,56210,3422,061

Comprehensive Income ($ in thousands)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income (loss):1,96610,926491(958)5,56210,3422,061
Comprehensive income (loss):1,96610,926491(958)5,56210,3422,061
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(922)2,942(921)(1,642)1,667(1,483)(522)
Comprehensive income (loss), net of tax, attributable to parent:1,04413,868(430)(2,600)7,2298,8591,539

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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