IEC Electronics Corp. (IEC) financial statements (2021 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 millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments00   10
Cash and cash equivalents00   10
Receivables28302825181725
Inventory, net of allowances, customer advances and progress billings56514434161526
Inventory56514434161526
Contract with customer, asset129  
Assets held-for-sale, not part of disposal group     5 
Other current assets2212111
Other undisclosed current assets  10    
Total current assets:98938361353953
Noncurrent Assets
Property, plant and equipment50241920181115
Intangible assets, net (including goodwill)     00
Goodwill     00
Intangible assets, net (excluding goodwill)     00
Regulated entity, other noncurrent assets  00   
Deferred income tax assets55 
Other noncurrent assets1210000
Other undisclosed noncurrent assets0079   
Total noncurrent assets:55302729181116
TOTAL ASSETS:15312311190525168
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29342831151522
Accounts payable27302429131118
Accrued liabilities1010011
Employee-related liabilities2432132
Deferred revenue2220 
Debt1 22133
Customer advances and deposits226
Other undisclosed current liabilities10138   
Total current liabilities:52544240171931
Noncurrent Liabilities
Long-term debt and lease obligation32223623191728
Long-term debt, excluding current maturities32212916141728
Capital lease obligations775  
Operating lease, liability00 
Liabilities, other than long-term debt1122101
Other liabilities1122101
Other undisclosed noncurrent liabilities277     
Total noncurrent liabilities:60303725211729
Total liabilities:113848065383760
Stockholders' equity
Stockholders' equity attributable to parent, including:4139312514149
Common stock000  00
Treasury stock, value(2)(2)(2)  (2)(2)
Additional paid in capital494948  4646
Accumulated deficit(7)(9)(15)  (31)(36)
Other undisclosed stockholders' equity attributable to parent   2514  
Total stockholders' equity:4139312514149
TOTAL LIABILITIES AND EQUITY:15312311190525168

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

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Revenues18518315711796127127
Revenue, net96127127
Cost of revenue
(Cost of Goods and Services Sold)
(161)(159)(135)(103)(85)(107)(111)
Gross profit:25242214112016
Operating expenses(14)(14)(14)(11)(10)(14)(13)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
     (0)(1)
Other undisclosed operating loss      (3)
Operating income (loss):10108316(2)
Interest and debt expense(1)(1)(2)(1)(1)(1)(2)
Income (loss) from continuing operations before income taxes:996205(4)
Income tax expense (benefit)(2)(2)(1)9(0)(0)(0)
Net income (loss):7751005(4)
Other undisclosed net loss attributable to parent      (6)
Net income (loss) attributable to parent:7751005(10)
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0) 
Other undisclosed net loss available to common stockholders, basic(0)      
Net income (loss) available to common stockholders, diluted:7751005(10)

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Net income (loss):7751005(4)
Comprehensive income (loss), net of tax, attributable to parent:7751005(4)

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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