IEC Electronics Corp. (IEC) financial statements (2023 and earlier)

Company profile

Business Address 105 NORTON STREET
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 thousands)

9/30/2020
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 investments312   8454071,980
Cash and cash equivalents312   8454071,980
Receivables30,36127,61825,16817,88717,14024,92322,347
Inventory, net of allowances, customer advances and progress billings51,37444,26734,12615,60515,38425,75323,247
Inventory51,37444,26734,12615,60515,38425,75323,247
Contract with customer, asset8,773  
Assets held-for-sale, not part of disposal group    4,611 
Other current assets1,7571,4541,7471,0181,2141,4443,597
Other undisclosed current assets 10,046    1,114
Total current assets:92,57783,38561,04134,51039,19452,52752,285
Noncurrent Assets
Property, plant and equipment23,58719,43320,11017,77710,99415,44317,850
Intangible assets, net (including goodwill)    1962354,397
Goodwill    1011012,005
Intangible assets, net (excluding goodwill)    951342,392
Regulated entity, other noncurrent assets 269289    
Deferred income tax assets4,840 
Other noncurrent assets1,70086044216024257299
Other undisclosed noncurrent assets2606,8858,566   11,144
Total noncurrent assets:30,38727,44729,40717,93711,43215,73533,690
TOTAL ASSETS:122,964110,83290,44852,44750,62668,26285,975
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33,84927,53230,94314,50314,75821,99220,935
Accounts payable29,73323,69028,68913,04610,86418,33617,732
Accrued liabilities4576684584445291,318 
Employee-related liabilities3,6593,1741,7961,0133,3652,3383,203
Deferred revenue19,783 
Debt 1,7091,7551,2022,9082,9082,908
Customer advances and deposits1,6111,7565,761 
Other undisclosed current liabilities49713,2297,595   2,561
Total current liabilities:54,12942,47040,29317,31619,42230,66126,404
Noncurrent Liabilities
Long-term debt and lease obligation21,66035,59523,02919,38516,96128,32328,479
Long-term debt, excluding current maturities21,47628,91016,00214,02316,96128,32328,479
Capital lease obligations6,6857,0275,362   
Operating lease, liability184 
Liabilities, other than long-term debt1,4041,5271,7501,317379590708
Other liabilities1,4041,5271,7501,317379590708
Other undisclosed noncurrent liabilities6,616      
Total noncurrent liabilities:29,68037,12224,77920,70217,34028,91329,187
Total liabilities:83,80979,59265,07238,01836,76259,57455,591
Stockholders' equity
Stockholders' equity attributable to parent, including:39,15531,24025,37614,42913,8648,68830,384
Common stock105103  113112111
Treasury stock, value(1,589)(1,589)  (1,589)(1,529)(1,454)
Additional paid in capital49,16148,001  46,29445,84544,302
Accumulated deficit(8,522)(15,275)  (30,954)(35,740)(12,575)
Other undisclosed stockholders' equity attributable to parent  25,37614,429   
Total stockholders' equity:39,15531,24025,37614,42913,8648,68830,384
TOTAL LIABILITIES AND EQUITY:122,964110,83290,44852,44750,62668,26285,975

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

9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues182,714156,981116,92296,455127,010126,999135,621
Revenue, net96,455127,010126,999135,621
Cost of revenue
(Cost of Goods and Services Sold)
(158,594)(135,337)(102,765)(85,198)(106,723)(110,704)(119,576)
Gross profit:24,12021,64414,15711,25720,28716,29516,045
Operating expenses(13,986)(14,076)(11,438)(10,197)(14,026)(13,139)(20,672)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
    (13)(1,325)(1,136)
Other undisclosed operating income (loss)     (3,491)6,105
Operating income (loss):10,1347,5682,7191,0606,248(1,660)342
Nonoperating expense
(Other Nonoperating expense)
      (18)
Interest and debt expense(1,438)(1,645)(1,146)(917)(1,392)(2,110)(1,795)
Income (loss) from continuing operations before income taxes:8,6965,9231,5731434,856(3,770)(1,471)
Income tax expense (benefit)(1,943)(1,176)8,837(62)(70)(1)(621)
Net income (loss):6,7534,74710,410814,786(3,771)(2,092)
Other undisclosed net loss attributable to parent     (6,415) 
Net income (loss) attributable to parent:6,7534,74710,410814,786(10,186)(2,092)
Undistributed earnings (loss) allocated to participating securities, basic(32)(38)(104) 
Net income (loss) available to common stockholders, diluted:6,7214,70910,306814,786(10,186)(2,092)

Comprehensive Income ($ in thousands)

9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss):6,7534,74710,410814,786(3,771)(2,092)
Comprehensive income (loss), net of tax, attributable to parent:6,7534,74710,410814,786(3,771)(2,092)

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.

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: