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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23111816151826
Cash and cash equivalents14111210101420
Short-term investments9 66556
Restricted cash and investments1      
Receivables10131215181423
Inventory, net of allowances, customer advances and progress billings9161422253129
Inventory9161422253129
Prepaid expense0001321
Assets held-for-sale, not part of disposal group5    
Other current assets1211111
Other undisclosed current assets     34
Total current assets:49424555627084
Noncurrent Assets
Property, plant and equipment8111316171815
Long-term investments and receivables     124
Long-term investments     124
Intangible assets, net (including goodwill)     01
Intangible assets, net (excluding goodwill)     01
Other noncurrent assets20029125
Prepaid pension costs   0
Defined benefit plan, assets for plan benefits  0 
Other undisclosed noncurrent assets     (12)(5)
Total noncurrent assets:10111318263020
TOTAL ASSETS:5953587388100104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10129111599
Accounts payable4557855
Accrued liabilities33222  
Employee-related liabilities4322344
Interest and dividends payable00001  
Debt0   010
Disposal group, including discontinued operation1      
Other undisclosed current liabilities0   044
Total current liabilities:1112911151313
Noncurrent Liabilities
Long-term debt and lease obligation0    01
Long-term debt, excluding current maturities     01
Operating lease, liability0
Liabilities, other than long-term debt0000011
Deferred compensation liability, classified0      
Deferred tax liabilities, net  0011
Liability for uncertainty in income taxes 000000
Liability, pension and other postretirement and postemployment benefits    0 
Other undisclosed noncurrent liabilities  00   
Total noncurrent liabilities:0000012
Total liabilities:1212912161415
Stockholders' equity
Stockholders' equity attributable to parent47424962728689
Common stock0000000
Additional paid in capital43434241403937
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)(0)
Retained earnings (accumulated deficit)5(1)721324851
Total stockholders' equity:47424962728689
TOTAL LIABILITIES AND EQUITY:5953587388100104

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues51668299108119131
Revenue, net8299108119131
Cost of revenue(29)(44)(61)(73)(76)(77)(86)
Cost of goods and services sold(29)(44)     
Other undisclosed gross profit   (0)(0)  
Gross profit:22212127324245
Operating expenses(22)(28)(33)(35)(41)(47)(47)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
    (1)  
Other undisclosed operating income   4083
Operating income (loss):0(7)(12)(4)(11)31
Nonoperating income (expense)00(0)(3)0(0)(0)
Investment income, nonoperating   0000
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:0(6)(12)(8)(11)31
Other undisclosed income from continuing operations before income taxes0000000
Income (loss) from continuing operations before income taxes:0(6)(12)(8)(10)31
Income tax expense (benefit)0(0)0(0)1(1)(2)
Income (loss) from continuing operations:0(7)(12)(8)(10)2(1)
Income from discontinued operations6      
Net income (loss) available to common stockholders, diluted:6(7)(12)(8)(10)2(1)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):6(7)(12)(8)(10)2(1)
Other comprehensive income   4   
Comprehensive income (loss):6(7)(12)(4)(10)2(1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)0(4)0(0)0
Comprehensive income (loss), net of tax, attributable to parent:7(7)(12)(8)(10)2(1)

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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