IDT Corporation (IDT) financial statements (2021 and earlier)

Company profile

Business Address 520 BROAD ST
NEWARK, NJ 07102
State of Incorp. DE
Fiscal Year End July 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments101 8874149162
Cash and cash equivalents79 806890110
Short-term investments22 865853
Restricted cash and investments110 177  99
Receivables52 58696549
Prepaid expense35 20201515
Disposal group, including discontinued operation   137124 
Other current assets20 25291913
Other undisclosed current assets24     
Total current assets:341 368329371339
Noncurrent Assets
Operating lease, right-of-use asset9  
Property, plant and equipment31 34368987
Long-term investments and receivables10 972714
Long-term investments10 972714
Intangible assets, net (including goodwill)21 15111212
Goodwill15 11111111
Intangible assets, net (excluding goodwill)6 4 11
Disposal group, including discontinued operation, noncurrent assets   65 
Deferred income tax assets3  
Other noncurrent assets9 12548
Other undisclosed noncurrent assets  561110
Total noncurrent assets:83 7571148131
TOTAL ASSETS:425 444400519470
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities163 165175166148
Accounts payable36 37454130
Accrued liabilities126 128130125117
Taxes payable     1
Deferred revenue39 42
Disposal group, including discontinued operation   129115 
Deferred revenue and credits7686
Customer advances and deposits 96
Other liabilities15 78514
Other undisclosed current liabilities110 17555  
Total current liabilities:326 389367363344
Noncurrent Liabilities
Long-term debt and lease obligation7     
Operating lease, liability7  
Liabilities, other than long-term debt1 1122
Disposal group, including discontinued operation, liabilities   11 
Other liabilities1 1112
Total noncurrent liabilities:8 1122
Total liabilities:334 390368364345
Stockholders' equity
Stockholders' equity attributable to parent, including:90 5631146124
Treasury stock, value(60) (52)(86)(83)(115)
Additional paid in capital277 273294394396
Accumulated other comprehensive loss(9) (5)(5)(2)(4)
Accumulated deficit(118) (161)(173)(163)(154)
Other undisclosed stockholders' equity attributable to parent0 0000
Stockholders' equity attributable to noncontrolling interest1 (3)190
Total stockholders' equity:90 5431155124
TOTAL LIABILITIES AND EQUITY:425 444400519470

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

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
Revenues58 1,4091,5471,5021,496
Cost of revenue   (1,306)(1,276)(1,247)
Gross profit:1,044 1,409241226250
Operating expenses(1,002) (1,402)(1,537)(1,486)(1,478)
Other operating expense, net(1) (8)   
Other undisclosed operating income   1,3041,2651,255
Operating income (loss):40 (1)8626
Nonoperating income (expense)2 1(1)12
Investment income, nonoperating0 2(0)0(0)
Foreign currency transaction gain (loss), before tax1 (1)(2)01
Other nonoperating income (expense)(0) (0)1(0)1
Income (loss) from continuing operations before equity method investments, income taxes:42 (0)7628
Other undisclosed income from continuing operations before income taxes1 1111
Income from continuing operations before income taxes:43 08829
Income tax expense (benefit)0 (0)(3)2(4)
Net income:43 051025
Net loss attributable to noncontrolling interest(0) (0)(1)(1)(2)
Net income available to common stockholders, diluted:43 04824

Comprehensive Income ($ in millions)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
Net income:43 051025
Other comprehensive income (loss)(2) 0(0)1(6)
Comprehensive income:41 051120
Comprehensive loss, net of tax, attributable to noncontrolling interest(0) (0)(1)(1)(2)
Comprehensive income, net of tax, attributable to parent:41 041018

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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