Frequency Electronics, Inc. (FEIM) financial statements (2021 and earlier)

Company profile

Business Address 55 CHARLES LINDBERGH BLVD
MITCHEL FIELD, NY 11553
State of Incorp. DE
Fiscal Year End April 30
SIC 3825 - Instruments for Measuring and Testing of Electricity and Electrical Signals (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18141214101718
Cash and cash equivalents7448267
Short-term investments10118681111
Receivables546411910
Inventory, net of allowances, customer advances and progress billings21232326294138
Inventory21232326294138
Prepaid expense0      
Contract with customer, asset077
Disposal group, including discontinued operation  1 8  
Costs in excess of billings 81213
Other undisclosed current assets2338444
Total current assets:46515352708484
Noncurrent Assets
Operating lease, right-of-use asset1011
Property, plant and equipment10111314151313
Intangible assets, net (including goodwill), including:1111111
Other undisclosed intangible assets, net (including goodwill)1111111
Disposal group, including discontinued operation, noncurrent assets  0 1  
Other noncurrent assets2363222
Other undisclosed noncurrent assets15151414252119
Total noncurrent assets:38403432433634
TOTAL ASSETS:85918784113120118
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities55556911
Accounts payable1112232
Accrued liabilities4443367
Employee-related liabilities      3
Debt 5     
Disposal group, including discontinued operation  1 2  
Deferred revenue and credits   1
Other liabilities01     
Other undisclosed current liabilities22    (3)
Total current liabilities:71365898
Noncurrent Liabilities
Long-term debt and lease obligation99   66
Long-term debt, excluding current maturities     66
Operating lease, liability99
Liabilities, other than long-term debt15151815161212
Deferred revenue and credits   0
Deferred compensation liability, classified14141414131211
Deferred income tax liabilities00
Disposal group, including discontinued operation, liabilities  2 1  
Other liabilities0012100
Other undisclosed noncurrent liabilities      (0)
Total noncurrent liabilities:24241815161818
Total liabilities:31372420242726
Stockholders' equity
Stockholders' equity attributable to parent54546363899392
Common stock9999999
Treasury stock, value(0)(0)(1)(1)(2)(2)(2)
Additional paid in capital57575756565654
Accumulated other comprehensive income (loss)000(1)223
Retained earnings (accumulated deficit)(13)(12)(2)(0)242928
Total stockholders' equity:54546363899392
TOTAL LIABILITIES AND EQUITY:85918784113120118

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

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Revenues49425039506077
Cost of revenue(37)(36)(34)(34)(39)(40)(53)
Cost of goods and services sold(611,000)(1)(0)(0)(1)(1)(1)
Provision for loan, lease, and other losses (1)(1)(5)
Gross profit:126165112024
Operating expenses(17)(17)(19)(18)(19)(19)(23)
Other undisclosed operating income      3
Operating income (loss):(5)(11)(3)(12)(8)14
Nonoperating income (expense)(1)(1)01112
Investment income, nonoperating0001102
Other nonoperating income (expense)(1)(1)0(0)00(0)
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(5)(12)(2)(11)(7)25
Other undisclosed loss from continuing operations before income taxes      (1)
Income (loss) from continuing operations before income taxes:(5)(12)(2)(11)(7)25
Income tax expense (benefit)22(0)(11)2(1)(2)
Income (loss) from continuing operations:(4)(10)(3)(22)(5)13
Loss from discontinued operations   (1)(1)  
Net income (loss):(4)(10)(3)(24)(5)13
Other undisclosed net income attributable to parent    1  
Net income (loss) available to common stockholders, diluted:(4)(10)(3)(24)(5)13

Comprehensive Income ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Net income (loss):(4)(10)(3)(24)(5)13
Other comprehensive income (loss)001(3)0(1)(1)
Comprehensive income (loss):(4)(10)(2)(27)(5)02
Other undisclosed comprehensive income, net of tax, attributable to parent    1  
Comprehensive income (loss), net of tax, attributable to parent:(4)(10)(2)(27)(5)02

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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