Franklin Covey Company (FC) financial statements (2020 and earlier)

Company profile

Business Address 2200 W PARKWAY BLVD
SALT LAKE CITY, UT 84119-2331
State of Incorp. UT
Fiscal Year End August 31
SIC 8741 - Management Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
8/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 10910161012
Cash and cash equivalents 10910161012
Receivables73726868686356
Inventory, net of allowances, customer advances and progress billings3335464
Inventory3335464
Prepaid expense44433  
Prepaid expense and other current assets4
Income taxes receivable2 
Other current assets1111833  
Other undisclosed current assets28   2105
Total current assets:1191009290959381
Noncurrent Assets
Property, plant and equipment19212016151717
Long-term investments and receivables  11234
Due from related parties  11234
Intangible assets, net (including goodwill)72768270737777
Goodwill24242420202016
Intangible assets, net (excluding goodwill)48525750535761
Other noncurrent assets101317141515 
Prepaid expense and other noncurrent assets10
Deferred tax assets, net5      
Other undisclosed noncurrent assets 3     
Total noncurrent assets:106114119101105112108
TOTAL ASSETS:225214211191201205189
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34313228475254
Accounts payable10109108129
Accrued liabilities24212317303031
Employee-related liabilities    91012
Taxes payable1  00 1
Debt10443332
Deferred revenue and credits412113107
Contract with customer, liability56 
Other undisclosed current liabilities46042(23)(22)(20)
Total current liabilities:104958154404343
Noncurrent Liabilities
Long-term debt and lease obligation32333833495255
Long-term debt, excluding current maturities32333833252627
Capital lease obligations   252627
Liabilities, other than long-term debt8663   
Other liabilities8663   
Other undisclosed noncurrent liabilities0017(14)(17)(15)
Total noncurrent liabilities:39394543363640
Total liabilities:14313312697757883
Stockholders' equity
Stockholders' equity attributable to parent82818594126127107
Common stock1111111
Treasury stock, value(195)(196)(199)(197)(154)(142)(147)
Additional paid in capital216211212211209207210
Accumulated other comprehensive income0011012
Retained earnings59646977705840
Total stockholders' equity:82818594126127107
TOTAL LIABILITIES AND EQUITY:225214211191201205189

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

8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
8/31/2013
Revenues225210185200210205191
Revenue, net185200210205191
Cost of revenue
(Cost of Goods and Services Sold)
(66)(61)(63)(65)(72)(67)(62)
Gross profit:159148123135138138129
Operating expenses(145)(141)(123)(114)(115)(110)(105)
Other operating expense, net   (1)   
Other undisclosed operating loss(11)(11)(8)(6)(3)(3)(3)
Operating income (loss):3(3)(9)14202522
Nonoperating income (expense)0000(1)11
Investment income, nonoperating0000001
Foreign currency transaction gain (loss), before tax    (1)00
Interest and debt expense(2)(3)(2)(2)(2)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:0(6)(11)12172320
Other undisclosed income (loss) from continuing operations before income taxes00  1(1)(1)
Income (loss) from continuing operations before income taxes:1(6)(11)12172219
Income tax expense (benefit)(2)(0)4(5)(6)(4)(5)
Net income (loss):(1)(6)(7)7111815
Other undisclosed net loss attributable to parent      (0)
Net income (loss) available to common stockholders, diluted:(1)(6)(7)7111814

Comprehensive Income ($ in millions)

8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
8/31/2013
Net income (loss):(1)(6)(7)7111815
Other comprehensive income (loss)(0)(0)000  
Comprehensive income (loss):(1)(6)(7)7111815
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)(1)1(1)(0)(2)
Comprehensive income (loss), net of tax, attributable to parent:(1)(6)(8)8101813

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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