IEC Electronics Corp. (IEC) financial statements (2020 and earlier)

Company profile

Business Address 105 NORTON ST
NEWARK, NY 14513
State of Incorp. DE
Fiscal Year End September 30
SIC 3672 - Printed Circuit Boards (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    102
Cash and cash equivalents    102
Receivables29282518172522
Inventory, net of allowances, customer advances and progress billings45443416152623
Inventory45443416152623
Contract with customer, asset10  
Assets held-for-sale, not part of disposal group    5 
Other current assets2121114
Other undisclosed current assets110    1
Total current assets:86836135395352
Noncurrent Assets
Property, plant and equipment19192018111518
Intangible assets, net (including goodwill)    004
Goodwill    002
Intangible assets, net (excluding goodwill)    002
Regulated entity, other noncurrent assets000    
Other noncurrent assets1100000
Other undisclosed noncurrent assets779   11
Total noncurrent assets:27272918111634
TOTAL ASSETS:1131119052516886
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28283115152221
Accounts payable26242913111818
Accrued liabilities110011 
Employee-related liabilities2321323
Debt2221333
Customer advances and deposits226 
Other undisclosed current liabilities15138   3
Total current liabilities:45424017193126
Noncurrent Liabilities
Long-term debt and lease obligation33362319172828
Long-term debt, excluding current maturities26291614172828
Capital lease obligations7775   
Liabilities, other than long-term debt1221011
Other liabilities1221011
Other undisclosed noncurrent liabilities0      
Total noncurrent liabilities:35372521172929
Total liabilities:80806538376056
Stockholders' equity
Stockholders' equity attributable to parent, including:3331251414930
Common stock00  000
Treasury stock, value(2)(2)  (2)(2)(1)
Additional paid in capital4848  464644
Accumulated deficit(14)(15)  (31)(36)(13)
Other undisclosed stockholders' equity attributable to parent  2514   
Total stockholders' equity:3331251414930
TOTAL LIABILITIES AND EQUITY:1131119052516886

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues16615711796127127136
Revenue, net96127127136
Cost of revenue
(Cost of Goods and Services Sold)
(144)(135)(103)(85)(107)(111)(120)
Gross profit:22221411201616
Operating expenses(14)(14)(11)(10)(14)(13)(21)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
    (0)(1)(1)
Other undisclosed operating income (loss)     (3)6
Operating income (loss):88316(2)0
Nonoperating expense
(Other Nonoperating expense)
      (0)
Interest and debt expense(2)(2)(1)(1)(1)(2)(2)
Income (loss) from continuing operations before income taxes:66205(4)(1)
Income tax expense (benefit)(1)(1)9(0)(0)(0)(1)
Net income (loss):551005(4)(2)
Other undisclosed net loss attributable to parent     (6) 
Net income (loss) attributable to parent:551005(10)(2)
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0) 
Net income (loss) available to common stockholders, diluted:551005(10)(2)

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss):551005(4)(2)
Comprehensive income (loss), net of tax, attributable to parent:551005(4)(2)

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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