International Speedway Corporation (ISCB) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE DAYTONA BLVD
DAYTONA BEACH, FL 32114-1243
State of Incorp. FL
Fiscal Year End November 30
Industry (SIC) 7948 - Racing, Including Track Operation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

8/31/2019
MRQ
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 269,011256,702263,727160,548158,847172,827
Cash and cash equivalents 269,011256,702263,727160,548158,847172,827
Receivables 42,83337,26935,44542,11227,59825,910
Inventory, net of allowances, customer advances and progress billings    1,6394,0302,619
Inventory    1,6394,0302,619
Prepaid expense and other current assets13,965
Income taxes receivable17,399
Other undisclosed current assets 10,61131,61613,94861,24517,0903,122
Total current assets: 322,455325,587313,120265,544207,565235,842
Noncurrent Assets
Property, plant and equipment 1,515,0411,479,7431,455,5061,448,9641,381,1901,276,976
Long-term investments and receivables 81,22586,20092,392103,249122,565134,327
Long-term investments 81,22586,20092,392103,249122,565134,327
Intangible assets, net (including goodwill) 296,894297,037297,420297,417297,420297,419
Goodwill 118,331118,400118,791118,791118,791118,791
Intangible assets, net (excluding goodwill) 178,563178,637178,629178,626178,629178,628
Deferred costs     3,7004,400
Other noncurrent assets 33,74519,62514,2227,02568,911 
Prepaid expense and other noncurrent assets72,942
Other undisclosed noncurrent assets     (3,700)(4,400)
Total noncurrent assets: 1,926,9051,882,6051,859,5401,856,6551,870,0861,781,664
TOTAL ASSETS: 2,249,3602,208,1922,172,6602,122,1992,077,6512,017,506
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 34,04323,93629,77056,96841,49127,669
Taxes payable 2,535     
Accounts payable 31,50823,93629,77056,96841,49127,669
Debt 4,2843,8543,4043,4083,4352,807
Deferred revenue and credits38,52139,41638,24333,04335,679
Contract with customer, liability36,801
Other liabilities 15,55119,24922,72820,34418,81315,907
Total current liabilities: 90,67985,56095,318118,96396,78282,062
Noncurrent Liabilities
Long-term debt and lease obligation 251,381255,612259,416264,964268,311271,680
Long-term debt, excluding current maturities 251,381255,612259,416264,964268,311271,680
Liabilities, other than long-term debt 10,67611,052417,566345,057366,126376,609
Deferred revenue and credits8,2515,9886,9699,5488,604
Contract with customer, liability7,575
Deferred tax liabilities, net  409,585336,232354,276366,531
Other liabilities 3,1012,8011,9931,8562,3021,474
Total noncurrent liabilities: 262,057266,664676,982610,021634,437648,289
Total liabilities: 352,736352,224772,300728,984731,219730,351
Equity
Equity, attributable to parent, including: 1,635,9581,459,9221,400,3601,393,2151,346,4321,287,155
Additional paid in capital 425,233430,114437,292449,136447,518445,097
Accumulated other comprehensive loss (1,204)(1,991)(2,659)(3,323)(3,981)(4,638)
Retained earnings 1,211,4991,031,361965,281946,940902,433846,235
Other undisclosed equity, attributable to parent 430438446462462461
Total equity: 1,635,9581,459,9221,400,3601,393,2151,346,4321,287,155
Other undisclosed liabilities and equity 260,666396,046    
TOTAL LIABILITIES AND EQUITY: 2,249,3602,208,1922,172,6602,122,1992,077,6512,017,506

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

8/31/2019
TTM
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Revenues 677,082673,417663,166647,469653,954612,640
Revenue, net671,433661,016645,370651,936612,640
Cost of revenue (357,571)(342,132)(335,300)(337,434)(332,982)(303,327)
Cost of goods and services sold  (29,593)(30,142)(38,484)(58,265)(33,150)
Gross profit: 319,511331,285327,866310,035320,972309,313
Operating expenses (224,303)(233,145)(215,889)(222,359)(225,563)(230,621)
Other operating expense, net     (10,500)(9,300)
Other undisclosed operating income (loss) (2,046)(1,984)(2,150)(2,099)8,4829,300
Operating income: 93,16296,156109,82785,57793,39178,692
Nonoperating income 3,1891,56413,1668877,487171
Investment income, nonoperating 3,1431,2202701572,10796
Other nonoperating income 4634412,8967305,38075
Interest and debt expense (10,862)(11,633)(13,837)(9,582)(9,182)(15,221)
Income from continuing operations before equity method investments, income taxes: 85,48986,087109,15676,88291,69663,642
Income from equity method investments 21,77719,11114,91314,0608,9169,434
Income from continuing operations before income taxes: 107,266105,198124,06990,942100,61273,076
Income tax expense (benefit) 118,0185,625(47,731)(34,308)(33,233)(27,784)
Income from continuing operations: 225,284110,82376,33856,63467,37945,292
Income before gain (loss) on sale of properties: 225,284110,82376,33856,63467,37945,292
Net income available to common stockholders, diluted: 225,284110,82376,33856,63467,37945,292

Comprehensive Income ($ in thousands)

8/31/2019
TTM
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Net income: 225,284110,82376,33856,63467,37945,292
Comprehensive income: 225,284110,82376,33856,63467,37945,292
Other undisclosed comprehensive income, net of tax, attributable to parent 787668664658657658
Comprehensive income, net of tax, attributable to parent: 226,071111,49177,00257,29268,03645,950

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.

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