Hurco Companies, Inc. (HURC) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE TECHNOLOGY WAY
INDIANAPOLIS, IN 46268
State of Incorp. IN
Fiscal Year End October 31
Industry (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)

7/31/2023
MRQ
1/31/2023
MRQ
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56,88863,92284,06357,85956,94377,170
Cash and cash equivalents56,88863,92284,06357,85956,94377,170
Receivables34,84438,44442,62027,68643,27954,414
Inventory, net of allowances, customer advances and progress billings168,608156,207148,216149,864148,851137,609
Inventory168,608156,207148,216149,864148,851137,609
Prepaid expense10,162 13,09113,8039,4147,332
Derivative instruments and hedges, assets1,0772,5159059681,3913,085
Other current assets   9751,2311,9831,825
Other undisclosed current assets  6,981    
Total current assets:271,579268,069289,870251,411261,861281,435
Noncurrent Assets
Operating lease, right-of-use asset9,3618,46010,62411,748 
Property, plant and equipment8,4008,48310,60711,92113,91312,959
Intangible assets, net (including goodwill)1,2041,2461,5651,8466,9433,315
Goodwill     5,8472,377
Intangible assets, net (excluding goodwill)1,2041,2461,5651,8461,096938
Deferred income tax assets3,7423,4423,1542,479 
Other noncurrent assets9,9149,2359,5628,4108,1848,012
Other undisclosed noncurrent assets7,3107,3027,5537,84010,1649,686
Total noncurrent assets:39,93138,16843,06544,24439,20433,972
TOTAL ASSETS:311,510306,237332,935295,655301,065315,407
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42,63444,18060,20842,94451,54677,465
Taxes payable1,1922851,9365,180
Employee-related liabilities10,3896,20911,56414,032
Accounts payable38,17838,78342,71631,71033,03154,131
Accrued liabilities4,4565,3975,9114,7405,0154,122
Deferred revenue5,9914,8398,593  
Debt      1,434
Derivative instruments and hedges, liabilities2,2613,6324678723882,020
Due to related parties 1,9246,1651,2899383,387
Other undisclosed current liabilities16,42918,7615,7375,3321,7602,497
Total current liabilities:67,31573,33681,17050,43754,63286,803
Noncurrent Liabilities
Long-term debt and lease obligation:   6,7947,989  
Liabilities, other than long-term debt6,7096,1621,8172,0492,0362,194
Accounts payable and accrued liabilities1,2811,2811,7491,9182,0362,194
Deferred income tax liabilities816768131 
Operating lease, liability5,3474,8146,7947,989 
Other undisclosed noncurrent liabilities4,6364,0954,7354,0324,1523,557
Total noncurrent liabilities:11,34510,25713,34614,0706,1885,751
Total liabilities:78,66083,59394,51664,50760,82092,554
Equity
Equity, attributable to parent232,850222,644238,419231,148240,245222,853
Common stock659657662657677672
Additional paid in capital63,62163,63563,92460,99766,35064,185
Accumulated other comprehensive loss(11,642)(21,525)(1,741)(2,990)(8,933)(9,863)
Retained earnings180,212179,877175,574172,484182,151167,859
Total equity:232,850222,644238,419231,148240,245222,853
TOTAL LIABILITIES AND EQUITY:311,510306,237332,935295,655301,065315,407

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

7/31/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Revenues238,609250,814235,195170,627263,377300,671
Cost of revenue
(Cost of Goods and Services Sold)
(178,320)(186,336)(178,946)(134,170)(186,169)(208,865)
Gross profit:60,28964,47856,24936,45777,20891,806
Operating expenses(51,518)(51,731)(46,001)(46,319)(54,668)(58,010)
Operating income (loss):8,77112,74710,248(9,862)22,54033,796
Nonoperating expense(906)(1,654)(340)(1,046)(199)(2,028)
Investment income, nonoperating25174173133356339
Other nonoperating expense(931)(1,828)(513)(1,179)(555)(2,367)
Interest and debt expense(36)(27)(24)(94)(62)(100)
Income (loss) from continuing operations before equity method investments, income taxes:7,82911,0669,884(11,002)22,27931,668
Income from equity method investments73373320369583639
Other undisclosed income from continuing operations before income taxes787934130462189
Income (loss) from continuing operations before income taxes:8,64011,87810,121(10,803)23,32432,496
Income tax expense (benefit)(2,619)(3,652)(3,357)4,556(5,829)(11,006)
Income (loss) from continuing operations:6,0218,2266,764(6,247)17,49521,490
Income (loss) before gain (loss) on sale of properties:3,2676,764(6,247)17,49521,490
Net income (loss) attributable to parent:6,0218,2266,764(6,247)17,49521,490
Undistributed earnings (loss) allocated to participating securities, basic(74)(97)(76)66(147)(132)
Net income (loss) available to common stockholders, diluted:5,9478,1296,688(6,181)17,34821,358

Comprehensive Income ($ in thousands)

7/31/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Net income (loss):6,0218,2266,764(6,247)17,49521,490
Other comprehensive income (loss)(8,875)(19,784)1,2495,943930(1,673)
Comprehensive income (loss), net of tax, attributable to parent:(2,854)(11,558)8,013(304)18,42519,817

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: