Hurco Companies, Inc. (HURC) financial statements (2022 and earlier)

Company profile

Business Address ONE TECHNOLOGY WAY
INDIANAPOLIS, IN 46268
State of Incorp. IN
Fiscal Year End October 31
SIC 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments90,02984,06357,85956,94377,17066,30741,217
Cash and cash equivalents90,02984,06357,85956,94377,17066,30741,217
Receivables39,18342,62027,68643,27954,41450,09448,631
Inventory, net of allowances, customer advances and progress billings152,893148,216149,864148,851137,609119,948117,025
Inventory152,893148,216149,864148,851137,609119,948117,025
Prepaid expense9,67013,09113,8039,4147,3327,9138,207
Derivative instruments and hedges, assets1,0889059681,3913,0855961,725
Other current assets549751,2311,9831,8251,5571,576
Total current assets:292,917289,870251,411261,861281,435246,415218,381
Noncurrent Assets
Operating lease, right-of-use asset9,81510,62411,748 
Property, plant and equipment10,18510,60711,92113,91312,95912,18112,297
Intangible assets, net (including goodwill)1,4881,5651,8466,9433,3153,5163,464
Goodwill   5,8472,3772,4402,314
Intangible assets, net (excluding goodwill)1,4881,5651,8461,0969381,0761,150
Deferred income tax assets2,9233,1542,479 
Other noncurrent assets9,6159,5628,4108,1848,0127,1316,743
Other undisclosed noncurrent assets7,5287,5537,84010,1649,68612,40211,064
Total noncurrent assets:41,55443,06544,24439,20433,97235,23033,568
TOTAL ASSETS:334,471332,935295,655301,065315,407281,645251,949
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities67,68260,20842,94451,54677,46563,36752,441
Accounts payable52,59942,71631,71033,03154,13145,12735,210
Accrued liabilities4,8135,9114,7405,0154,12218,24017,231
Employee-related liabilities7,83210,3896,20911,56414,032  
Taxes payable2,4381,1922851,9365,180  
Deferred revenue8,6108,593  
Debt    1,4341,5071,476
Derivative instruments and hedges, liabilities5794678723882,0201,732538
Due to related parties 6,1651,2899383,3872,5111,990
Other undisclosed current liabilities5,5205,7375,3321,7602,4971,7721,523
Total current liabilities:82,39181,17050,43754,63286,80370,88957,968
Noncurrent Liabilities
Long-term debt and lease obligation6,1506,7947,989    
Operating lease, liability6,1506,7947,989 
Liabilities, other than long-term debt1,8501,8172,0492,0362,1947,5387,543
Deferred revenue and credits3,7173,249
Accounts payable and accrued liabilities1,7521,7491,9182,0362,194  
Deferred tax liabilities, net 3,8214,294
Deferred income tax liabilities9868131 
Other undisclosed noncurrent liabilities4,6104,7354,0324,1523,557133963
Total noncurrent liabilities:12,61013,34614,0706,1885,7517,6718,506
Total liabilities:95,00194,51664,50760,82092,55478,56066,474
Stockholders' equity
Stockholders' equity attributable to parent239,470238,419231,148240,245222,853203,085185,475
Common stock661662657677672664657
Additional paid in capital63,40463,92460,99766,35064,18561,34459,119
Accumulated other comprehensive loss(2,767)(1,741)(2,990)(8,933)(9,863)(8,190)(11,043)
Retained earnings178,172175,574172,484182,151167,859149,267136,742
Total stockholders' equity:239,470238,419231,148240,245222,853203,085185,475
TOTAL LIABILITIES AND EQUITY:334,471332,935295,655301,065315,407281,645251,949

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

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Revenues247,967235,195170,627263,377300,671243,667227,289
Revenue, net243,667227,289
Cost of revenue
(Cost of Goods and Services Sold)
(186,358)(178,946)(134,170)(186,169)(208,865)(173,103)(156,849)
Gross profit:61,60956,24936,45777,20891,80670,56470,440
Operating expenses(47,130)(46,001)(46,319)(54,668)(58,010)(49,661)(50,824)
Operating income (loss):14,47910,248(9,862)22,54033,79620,90319,616
Nonoperating expense(651)(340)(1,046)(199)(2,028)(642)(1,165)
Investment income, nonoperating230173133356339138149
Other nonoperating expense(881)(513)(1,179)(555)(2,367)(780)(1,314)
Interest and debt expense(12)(24)(94)(62)(100)(91)(72)
Income (loss) from continuing operations before equity method investments, income taxes:13,8169,884(11,002)22,27931,66820,17018,379
Income from equity method investments20320369583639505466
Other undisclosed income from continuing operations before income taxes71341304621894140
Income (loss) from continuing operations before income taxes:14,09010,121(10,803)23,32432,49620,71618,885
Income tax expense (benefit)(4,454)(3,357)4,556(5,829)(11,006)(5,601)(5,593)
Net income (loss) attributable to parent:9,6366,764(6,247)17,49521,49015,11513,292
Undistributed earnings (loss) allocated to participating securities, basic(108)(76)66(147)(132)(100)
Other undisclosed net loss available to common stockholders, basic      (76)
Net income (loss) available to common stockholders, diluted:9,5286,688(6,181)17,34821,35815,01513,216

Comprehensive Income ($ in thousands)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Net income (loss):9,6366,764(6,247)17,49521,49015,11513,292
Other comprehensive income (loss)(3,028)1,2495,943930(1,673)2,853(1,657)
Comprehensive income (loss), net of tax, attributable to parent:6,6088,013(304)18,42519,81717,96811,635

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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