Franklin Covey Company (FC) financial statements (2022 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 thousands)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51,25047,417  10,1538,92410,456
Cash and cash equivalents51,25047,417  10,1538,92410,456
Receivables51,69270,68056,40773,22772,09367,62267,893
Inventory, net of allowances, customer advances and progress billings2,5792,4962,9743,4813,1603,3535,042
Inventory2,5792,4962,9743,4813,1603,3535,042
Prepaid expense 3,2523,6463,9063,8643,5692,949
Other current assets 12,86311,50011,02710,8938,3673,401
Other undisclosed current assets16,162 27,13727,699   
Total current assets:121,683136,708101,664119,340100,16391,83589,741
Noncurrent Assets
Property, plant and equipment10,58511,52515,72318,57921,40119,73016,083
Long-term investments and receivables     7271,235
Due from related parties     7271,235
Intangible assets, net (including goodwill)79,88781,31771,34571,91076,15481,51470,099
Goodwill31,22031,22024,22024,22024,22024,22019,903
Intangible assets, net (excluding goodwill)48,66750,09747,12547,69051,93457,29450,196
Deferred income tax assets4,2594,9511,094 
Other noncurrent assets14,24615,15315,61110,03912,93516,92513,713
Deferred tax assets, net5,045   
Other undisclosed noncurrent assets    3,222  
Total noncurrent assets:108,977112,946103,773105,573113,712118,896101,130
TOTAL ASSETS:230,660249,654205,437224,913213,875210,731190,871
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,59241,92828,25033,98730,55131,73627,798
Accounts payable5,4856,9485,6229,6689,7909,11910,376
Accrued liabilities26,10734,98022,62823,55520,76122,61717,418
Taxes payable   764  4
Deferred revenue65,81274,77259,289 
Debt8,7988,7228,2959,6704,1843,7363,324
Deferred revenue and credits40,77220,847
Contract with customer, liability56,250 
Other liabilities11,95811,117     
Other undisclosed current liabilities  6,6943,63760,1094,3822,088
Total current liabilities:118,160136,539102,528103,54494,84480,62654,057
Noncurrent Liabilities
Long-term debt and lease obligation22,14611,16129,04831,64832,82038,26533,256
Long-term debt, excluding current maturities11,759 29,04831,64832,82038,26533,256
Finance lease, liability10,38711,161  
Liabilities, other than long-term debt8,3179,11614,4087,5275,5015,7423,173
Deferred income tax liabilities3753755,298 
Other liabilities7,9428,7419,1107,5275,5015,7423,173
Other undisclosed noncurrent liabilities 12,975 1802101,0336,670
Total noncurrent liabilities:30,46333,25243,45639,35538,53145,04043,099
Total liabilities:148,623169,791145,984142,899133,375125,66697,156
Stockholders' equity
Stockholders' equity attributable to parent82,03779,86359,45382,01480,50085,06593,715
Common stock1,3531,3531,3531,3531,3531,3531,353
Treasury stock, value(200,788)(200,678)(204,429)(194,975)(196,043)(198,895)(196,691)
Additional paid in capital213,504214,888211,920215,964211,280212,484211,203
Accumulated other comprehensive income5657096412693416671,222
Retained earnings67,40363,59149,96859,40363,56969,45676,628
Total stockholders' equity:82,03779,86359,45382,01480,50085,06593,715
TOTAL LIABILITIES AND EQUITY:230,660249,654205,437224,913213,875210,731190,871

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

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Revenues237,102224,168198,456225,356209,758185,256200,055
Revenue, net185,256200,055
Cost of revenue
(Cost of Goods and Services Sold)
(52,989)(51,266)(53,086)(66,042)(61,469)(62,589)(64,901)
Gross profit:184,113172,902145,370159,314148,289122,667135,154
Operating expenses(153,554)(145,138)(131,615)(145,319)(141,126)(123,072)(114,365)
Other operating expense, net      (670)
Other undisclosed operating loss(16,743)(19,663)(10,697)(11,340)(10,529)(8,475)(6,270)
Operating income (loss):13,8168,1013,0582,655(3,366)(8,880)13,849
Nonoperating income
(Investment Income, Nonoperating)
64735637104379325
Interest and debt expense(1,977)(2,099)(2,318)(2,358)(2,676)(2,408)(2,263)
Income (loss) from continuing operations before equity method investments, income taxes:11,9036,075796334(5,938)(10,909)11,911
Other undisclosed income from continuing operations before income taxes   258418  
Income (loss) from continuing operations before income taxes:11,9036,075796592(5,520)(10,909)11,911
Income tax expense (benefit)6,4247,548(10,231)(1,615)(367)3,737(4,895)
Net income (loss) available to common stockholders, diluted:18,32713,623(9,435)(1,023)(5,887)(7,172)7,016

Comprehensive Income ($ in thousands)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Net income (loss):18,32713,623(9,435)(1,023)(5,887)(7,172)7,016
Other comprehensive income (loss) 1116(5)(75)37115
Other undisclosed comprehensive income11      
Comprehensive income (loss):18,33813,634(9,419)(1,028)(5,962)(7,135)7,131
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(394)57356(67)(251)(592)915
Comprehensive income (loss), net of tax, attributable to parent:17,94413,691(9,063)(1,095)(6,213)(7,727)8,046

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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