Fab Universal Corp (FABU) financial statements (2022 and earlier)

Company profile

Business Address 5001 BAUM BOULEVARD
PITTSBURGH, PA 15213
State of Incorp. CO
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments99,54719,672
Cash and cash equivalents99,54719,672
Restricted cash and investments1,652 
Receivables7,5556,927
Inventory, net of allowances, customer advances and progress billings6865,207
Inventory6865,207
Advances on inventory purchases82155
Prepaid expense and other current assets979
Other current assets591
Other undisclosed current assets2,8301,772
Total current assets:112,94234,712
Noncurrent Assets
Property, plant and equipment16,57416,721
Long-term investments and receivables20,09324,488
Long-term investments20,09324,488
Intangible assets, net (including goodwill)85,99688,529
Goodwill62,09360,653
Intangible assets, net (excluding goodwill)23,90327,876
Prepaid expense3,304
Other undisclosed noncurrent assets1,9243,346
Total noncurrent assets:127,891133,084
TOTAL ASSETS:240,833167,795
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,10413,063
Accounts payable3,3106,471
Accrued liabilities4,2103,078
Taxes payable2,6091,604
Accounts payable and other accrued liabilities1,9761,910
Debt7,9292,073
Due to related parties12341
Deferred revenue and credits15,4578,250
Other undisclosed current liabilities1,239 
Total current liabilities:36,85123,428
Noncurrent Liabilities
Long-term debt and lease obligation16,518 
Long-term debt, excluding current maturities16,518 
Liabilities, other than long-term debt27,67710,437
Customer advances or deposits2,2452,475
Deferred revenue and credits25,4337,923
Accounts payable and accrued liabilities 39
Total noncurrent liabilities:44,19510,437
Total liabilities:81,04733,865
Stockholders' equity
Stockholders' equity attributable to parent159,787133,930
Common stock2120
Additional paid in capital207,903206,786
Accumulated other comprehensive income5,4691,384
Accumulated deficit(53,607)(74,261)
Total stockholders' equity:159,787133,930
TOTAL LIABILITIES AND EQUITY:240,833167,795

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

12/31/2013
12/31/2012
Revenues110,87327,459
Cost of revenue(63,460)(16,440)
Gross profit:47,41411,019
Operating expenses(17,535)(13,772)
Operating income (loss):29,879(2,753)
Nonoperating expense(2,685)(79)
Other nonoperating expense(1,430)(24)
Interest and debt expense(1,424)(23)
Income (loss) from continuing operations before equity method investments, income taxes:25,770(2,855)
Other undisclosed income from continuing operations before income taxes1,42423
Income (loss) from continuing operations before income taxes:27,194(2,832)
Income tax expense(6,540)(1,351)
Income (loss) from continuing operations:20,653(4,183)
Income from discontinued operations 178
Net income (loss) available to common stockholders, diluted:20,653(4,004)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net income (loss):20,653(4,004)
Comprehensive income (loss):20,653(4,004)
Other undisclosed comprehensive income, net of tax, attributable to parent4,0851,384
Comprehensive income (loss), net of tax, attributable to parent:24,738(2,620)

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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