Educational Development Corporation (EDUC) Financial Statements (2023 and Earlier)

Company Profile

Business Address 5402 SOUTH 122ND EAST AVE
TULSA, OK 74146
State of Incorp. DE
Fiscal Year End February 28
Industry (SIC) 519 - Miscellaneous Non-durable Goods (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9071,8122,9993,1992,723699
Cash and cash equivalents9071,8122,9993,1992,723699
Receivables4,7323,3473,1893,2592,8142,700
Inventory, net of allowances, customer advances and progress billings69,23651,76230,08733,44626,61934,253
Inventory69,23651,76230,08733,44626,61934,253
Other undisclosed current assets1,2041,2199511,6041,1421,379
Total current assets:76,07858,14137,22641,50733,29839,031
Noncurrent Assets
Inventory, Noncurrent1,8496851,017575436192
Property, plant and equipment30,75829,95126,37827,16527,86127,034
Deferred income tax assets137  
Other noncurrent assets2487482202761
Deferred tax assets, net  (339)
Other undisclosed noncurrent assets     339
Total noncurrent assets:32,99230,71027,47727,75928,32327,288
TOTAL ASSETS:109,07088,85164,70369,26661,62166,319
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28,07423,99711,73616,67814,47718,945
Accounts payable23,06519,6749,66114,22912,46917,565
Employee-related liabilities3,5603,4881,6572,0392,0081,380
Taxes payable584     
Interest and dividends payable866835417410  
Deferred revenue1,1561,914385
Debt2,5255341,027946881899
Deferred revenue and credits 633
Other liabilities4,4796,0953,2384,1783,3013,218
Other undisclosed current liabilities3,0195,376 1,7222,4926,402
Total current liabilities:39,25337,91516,38723,52421,15130,097
Noncurrent Liabilities
Long-term debt and lease obligation22,95310,45117,78418,83119,82520,666
Long-term debt, excluding current maturities22,95310,45117,78418,83119,82520,666
Liabilities, other than long-term debt2762241,139982243339
Deferred tax liabilities, net873137339
Deferred income tax liabilities 90993
Other liabilities276134146109106 
Total noncurrent liabilities:23,22910,67518,92319,81220,06821,004
Total liabilities:62,48248,59135,31043,33641,21951,102
Stockholders' equity
Stockholders' equity attributable to parent46,58840,26029,39325,93120,40215,217
Common stock2,5402,4822,4822,4181,2091,208
Treasury stock, value(12,707)(12,769)(12,665)(11,218)(10,913)(10,857)
Additional paid in capital11,68310,8649,8448,9758,5738,548
Retained earnings45,07239,68329,73225,75521,53316,318
Total stockholders' equity:46,58840,26029,39325,93120,40215,217
TOTAL LIABILITIES AND EQUITY:109,07088,85164,70369,26661,62166,319

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

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
Revenues230,700204,635113,012118,811111,966106,628
Revenue, net 106,628
Cost of revenue
(Cost of Goods and Services Sold)
(66,081)(60,037)(36,863)(39,064)(30,931)(28,614)
Gross profit:164,619144,59876,14979,74881,03578,015
Operating expenses(145,191)(128,642)(69,106)(71,195)(73,667)(74,068)
Operating income:19,42815,9567,0438,5527,3683,946
Interest and debt expense(480)(561)(888)(931)(1,120)(1,029)
Other undisclosed income from continuing operations before equity method investments, income taxes6401,8361,5971,5601,5841,695
Income from continuing operations before equity method investments, income taxes:19,58817,2317,7529,1817,8334,612
Other undisclosed income from continuing operations before income taxes1,515     
Income from continuing operations before income taxes:21,10317,2317,7529,1817,8334,612
Income tax expense(5,603)(4,607)(2,107)(2,502)(2,618)(1,751)
Net income available to common stockholders, diluted:15,50012,6245,6456,6785,2152,861

Comprehensive Income ($ in thousands)

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
Net income:15,50012,6245,6456,6785,2152,861
Comprehensive income, net of tax, attributable to parent:15,50012,6245,6456,6785,2152,861

Statements Sources

The financial statements are based on the Company's filings with 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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