Communications Systems, Inc. (JCS) financial statements (2021 and earlier)

Company profile

Business Address 10900 RED CIRCLE DRIVE
MINNETONKA, MN 55343
State of Incorp. MN
Fiscal Year End December 31
SIC 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16231118161518
Cash and cash equivalents13141112101014
Short-term investments39 6655
Restricted cash and investments 1     
Receivables10101312151814
Inventory, net of allowances, customer advances and progress billings991614222531
Inventory991614222531
Prepaid expense0000132
Assets held-for-sale, not part of disposal group 5    
Other current assets1121111
Other undisclosed current assets      3
Total current assets:36494245556270
Noncurrent Assets
Property, plant and equipment781113161718
Long-term investments and receivables      12
Long-term investments      12
Intangible assets, net (including goodwill)      0
Intangible assets, net (excluding goodwill)      0
Other noncurrent assets132002912
Defined benefit plan, assets for plan benefits  0
Other undisclosed noncurrent assets      (12)
Total noncurrent assets:20101113182630
TOTAL ASSETS:565953587388100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities61012911159
Accounts payable2455785
Accrued liabilities233222 
Employee-related liabilities2432234
Interest and dividends payable000001 
Deferred revenue0 
Debt 0   01
Disposal group, including discontinued operation 1     
Other undisclosed current liabilities10   04
Total current liabilities:711129111513
Noncurrent Liabilities
Long-term debt and lease obligation00    0
Long-term debt, excluding current maturities      0
Operating lease, liability00
Liabilities, other than long-term debt0000001
Deferred revenue0 
Deferred compensation liability, classified00     
Deferred tax liabilities, net  001
Liability for uncertainty in income taxes  00000
Liability, pension and other postretirement and postemployment benefits     0 
Other undisclosed noncurrent liabilities   00  
Total noncurrent liabilities:1000001
Total liabilities:812129121614
Stockholders' equity
Stockholders' equity attributable to parent47474249627286
Common stock0000000
Additional paid in capital44434342414039
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)(1)
Retained earnings (accumulated deficit)45(1)7213248
Total stockholders' equity:47474249627286
TOTAL LIABILITIES AND EQUITY:565953587388100

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4351668299108119
Revenue, net8299108119
Cost of revenue(25)(29)(44)(61)(73)(76)(77)
Cost of goods and services sold(25)(29)(44)    
Other undisclosed gross profit    (0)(0) 
Gross profit:17222121273242
Operating expenses(20)(22)(28)(33)(35)(41)(47)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
     (1) 
Other undisclosed operating income    408
Operating income (loss):(3)0(7)(12)(4)(11)3
Nonoperating income (expense)100(0)(3)0(0)
Investment income, nonoperating    000
Foreign currency transaction loss, before tax    (4)  
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(2)0(6)(12)(8)(11)3
Other undisclosed income from continuing operations before income taxes0000000
Income (loss) from continuing operations before income taxes:(2)0(6)(12)(8)(10)3
Income tax expense (benefit)(0)0(0)0(0)1(1)
Income (loss) from continuing operations:(2)0(7)(12)(8)(10)2
Income from discontinued operations26     
Net income (loss) available to common stockholders, diluted:(0)6(7)(12)(8)(10)2

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(0)6(7)(12)(8)(10)2
Other comprehensive income    4  
Comprehensive income (loss):(0)6(7)(12)(4)(10)2
Other undisclosed comprehensive income (loss), net of tax, attributable to parent00(0)0(4)0(0)
Comprehensive income (loss), net of tax, attributable to parent:(0)7(7)(12)(8)(10)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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