Frequency Electronics, Inc. (FEIM) financial statements (2020 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)

10/31/2019
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11121410171824
Cash and cash equivalents3482678
Short-term investments8868111116
Receivables464119108
Inventory, net of allowances, customer advances and progress billings23232629413841
Inventory23232629413841
Prepaid expense      0
Contract with customer, asset87
Disposal group, including discontinued operation 1 8   
Costs in excess of billings 8121310
Other undisclosed current assets2384445
Total current assets:49535270848488
Noncurrent Assets
Operating lease, right-of-use asset11
Property, plant and equipment13131415131311
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 assets4632222
Other undisclosed noncurrent assets15141425211918
Total noncurrent assets:43343243363432
TOTAL ASSETS:928784113120118119
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities455691113
Accounts payable1122322
Accrued liabilities3433677
Employee-related liabilities     33
Debt2      
Disposal group, including discontinued operation 1 2   
Deferred revenue and credits   11
Other liabilities2      
Other undisclosed current liabilities     (3)(4)
Total current liabilities:86589810
Noncurrent Liabilities
Long-term debt and lease obligation10   6610
Long-term debt, excluding current maturities    6610
Operating lease, liability10
Liabilities, other than long-term debt16181516121212
Deferred revenue and credits   00
Deferred compensation liability, classified14141413121111
Disposal group, including discontinued operation, liabilities 2 1   
Other liabilities1121001
Other undisclosed noncurrent liabilities     (0)(0)
Total noncurrent liabilities:25181516181821
Total liabilities:34242024272631
Stockholders' equity
Stockholders' equity attributable to parent58636389939288
Common stock9999999
Treasury stock, value(0)(1)(1)(2)(2)(2)(3)
Additional paid in capital57575656565453
Accumulated other comprehensive income (loss)00(1)2234
Retained earnings (accumulated deficit)(8)(2)(0)24292825
Total stockholders' equity:58636389939288
TOTAL LIABILITIES AND EQUITY:928784113120118119

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

10/31/2019
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Revenues48503950607772
Cost of revenue(38)(34)(34)(39)(40)(53)(47)
Provision for loan, lease, and other losses (1)(5)
Gross profit:1016511202425
Operating expenses(19)(19)(18)(19)(19)(23)(22)
Other undisclosed operating income     32
Operating income (loss):(8)(3)(12)(8)145
Nonoperating income0011122
Investment income, nonoperating0011021
Other nonoperating income (expense)00(0)00(0)1
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(8)(2)(11)(7)256
Other undisclosed loss from continuing operations before income taxes     (1) 
Income (loss) from continuing operations before income taxes:(8)(2)(11)(7)256
Income tax expense (benefit)(0)(0)(11)2(1)(2)(2)
Income (loss) from continuing operations:(8)(3)(22)(5)134
Loss from discontinued operations  (1)(1)   
Net income (loss):(8)(3)(24)(5)134
Other undisclosed net income attributable to parent   1   
Net income (loss) available to common stockholders, diluted:(8)(3)(24)(5)134

Comprehensive Income ($ in millions)

10/31/2019
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Net income (loss):(8)(3)(24)(5)134
Other comprehensive income (loss)11(3)0(1)(1)0
Comprehensive income (loss):(7)(2)(27)(5)024
Other undisclosed comprehensive income, net of tax, attributable to parent   1   
Comprehensive income (loss), net of tax, attributable to parent:(7)(2)(27)(5)024

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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