Espey Mfg. & Electronics Corp. (ESP) financial statements (2021 and earlier)

Company profile

Business Address 233 BALLSTON AVE
SARATOGA SPRINGS, NY 12866
State of Incorp. NY
Fiscal Year End June 30
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,04010,5447,14715,82019,48515,61213,018
Cash and cash equivalents9,0405,4021,4634,29910,05810,0328,859
Short-term investments 5,1425,68411,5219,4275,5804,159
Receivables4,2949,01310,9964,5403,5205,2876,694
Inventory, net of allowances, customer advances and progress billings16,49514,78813,22511,2038,31210,71511,566
Inventory16,49514,78813,22511,3069,67910,73411,586
Progress payments netted against inventory for long-term contracts or programs   (103)(1,367)(18)(20)
Other undisclosed current assets3,7283974941,3951,911491566
Total current assets:33,55734,74231,86232,95833,22932,10431,845
Noncurrent Assets
Property, plant and equipment3,2253,4673,8253,7592,2652,3492,499
Costs in excess of billings   3,515
Other undisclosed noncurrent assets      (3,515)
Total noncurrent assets:3,2253,4673,8253,7592,2652,3492,499
TOTAL ASSETS:36,78238,20935,68836,71635,49434,45334,344
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,818     3,189
Accounts payable3,254     976
Employee-related liabilities1,564     1,619
Taxes payable      3
Interest and dividends payable      591
Deferred revenue1,650 
Other undisclosed current liabilities 6,7493,4853,2173,3761,861 
Total current liabilities:6,4686,7493,4853,2173,3761,8613,189
Noncurrent Liabilities
Liabilities, other than long-term debt 23327718221203225
Deferred tax liabilities, net27718221203225
Deferred income tax liabilities 233
Other undisclosed noncurrent liabilities1986,7493,4853,2173,3761,8613,189
Total noncurrent liabilities:1986,9823,7623,2353,5962,0653,413
Total liabilities:6,66613,7317,2476,4526,9723,9266,602
Stockholders' equity
Stockholders' equity attributable to parent, including:30,11631,22731,92633,48131,89832,38830,931
Common stock1,0431,0101,0101,0101,0101,0101,010
Treasury stock, value(6,039)(7,651)(7,633)(7,719)(7,779)(7,803)(7,582)
Additional paid in capital22,99619,07318,73218,20217,65017,25316,786
Accumulated other comprehensive loss(2)(3)(1)(6)(4)(1)(4)
Retained earnings17,60518,79820,02222,41621,67022,82121,866
Unearned esop shares(5,487)     (1,144)
Other undisclosed stockholders' equity attributable to parent  (205)(421)(650)(891) 
Total stockholders' equity:30,11631,22731,92633,48131,89832,38830,931
Other undisclosed liabilities and equity (6,749)(3,485)(3,217)(3,376)(1,861)(3,189)
TOTAL LIABILITIES AND EQUITY:36,78238,20935,68836,71635,49434,45334,344

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues32,54331,52636,47832,51822,52127,47126,832
Revenue, net 22,52127,47126,832
Cost of revenue(27,760)(25,968)(29,415)(24,856)(17,806)(20,100)(19,690)
Cost of goods and services sold    (17,806)(20,100)(19,690)
Gross profit:4,7835,5597,0637,6624,7157,3727,142
Operating expenses(3,912)(4,386)(4,410)(3,808)(3,188)(3,028)(2,712)
Other undisclosed operating income      0
Operating income:8701,1722,6533,8541,5264,3434,430
Nonoperating income8413722921512511968
Investment income, nonoperating61110168161893436
Other nonoperating income24276155368532
Income from continuing operations before income taxes:9551,3092,8824,0691,6514,4634,498
Income tax expense(93)(146)(539)(993)(516)(1,287)(1,315)
Net income available to common stockholders, diluted:8621,1642,3433,0761,1363,1763,183

Comprehensive Income ($ in thousands)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income:8621,1642,3433,0761,1363,1763,183
Comprehensive income:8621,1642,3433,0761,1363,1763,183
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(2)5(3)(2)3(3)
Comprehensive income, net of tax, attributable to parent:8611,1622,3483,0731,1343,1793,180

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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