Educational Development Corporation (EDUC) financial statements (2021 and earlier)

Company profile

Business Address 5402 SOUTH 122ND EAST AVE
TULSA, OK 74146
State of Incorp. DE
Fiscal Year End February 29
SIC 519 - Miscellaneous Non-durable Goods (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3133311
Cash and cash equivalents3133311
Receivables433333
Inventory, net of allowances, customer advances and progress billings473033273417
Inventory473033273417
Other undisclosed current assets112111
Total current assets:843742333923
Noncurrent Assets
Inventory, Noncurrent111000
Property, plant and equipment272627282727
Other noncurrent assets000000
Deferred tax assets, net  (0) 
Other undisclosed noncurrent assets    00
Total noncurrent assets:282728282727
TOTAL ASSETS:1126569626650
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities52121714199
Accounts payable45101412188
Employee-related liabilities622211
Interest and dividends payable100  0
Deferred revenue20
Debt111111
Deferred revenue and credits 13
Other liabilities734332
Other undisclosed current liabilities  2264
Total current liabilities:631624213019
Noncurrent Liabilities
Long-term debt and lease obligation111819202118
Long-term debt, excluding current maturities111819202118
Liabilities, other than long-term debt01100 
Deferred tax liabilities, net100 
Deferred income tax liabilities01
Other liabilities0000  
Total noncurrent liabilities:111920202118
Total liabilities:733543415136
Stockholders' equity
Stockholders' equity attributable to parent392926201513
Common stock222111
Treasury stock, value(13)(13)(11)(11)(11)(11)
Additional paid in capital11109999
Retained earnings383026221615
Total stockholders' equity:392926201513
TOTAL LIABILITIES AND EQUITY:1126569626650

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

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
Revenues18211311911210764
Revenue, net 10764
Cost of revenue
(Cost of Goods and Services Sold)
(54)(37)(39)(31)(29)(20)
Gross profit:1287680817843
Operating expenses(116)(69)(71)(74)(74)(40)
Operating income:1379743
Interest and debt expense(1)(1)(1)(1)(1)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes222220
Income from continuing operations before income taxes:1489854
Income tax expense(4)(2)(3)(3)(2)(1)
Net income available to common stockholders, diluted:1067532

Comprehensive Income ($ in millions)

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
Net income:1067532
Comprehensive income, net of tax, attributable to parent:1067532

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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