Kimball Electronics, Inc. (KE) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1205 KIMBALL BLVD. JASPER, IN 47546 |
| State of Incorp. | IN |
| Fiscal Year End | June 30 |
| Industry (SIC) | 3672 - Printed Circuit Boards (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 | 12/31/2022 MRQ | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 26 | 50 | 106 | 65 | 49 | 55 | |||
| Cash and cash equivalents | 26 | 50 | 106 | 65 | 49 | 46 | |||
| Short-term investments | 9 | ||||||||
| Receivables | 265 | 223 | 203 | 180 | 226 | 174 | |||
| Inventory, net of allowances, customer advances and progress billings | 488 | 396 | 200 | 219 | 204 | 202 | |||
| Inventory | 488 | 396 | 200 | 219 | 204 | 202 | |||
| Contract with customer, asset, after allowance for credit loss | 75 | 64 | 46 | 70 | 52 | ✕ | |||
| Other undisclosed current assets | 35 | 29 | 27 | 24 | 25 | 7 | |||
| Total current assets: | 888 | 761 | 583 | 558 | 555 | 437 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 239 | 207 | 163 | 155 | 144 | 137 | |||
| Intangible assets, net (including goodwill) | 26 | 27 | 29 | 31 | 40 | 11 | |||
| Goodwill | 12 | 12 | 12 | 12 | 18 | 6 | |||
| Intangible assets, net (excluding goodwill) | 14 | 15 | 17 | 19 | 22 | 4 | |||
| Other noncurrent assets | 42 | 41 | 38 | 31 | 25 | 24 | |||
| Total noncurrent assets: | 307 | 275 | 231 | 216 | 209 | 172 | |||
| TOTAL ASSETS: | 1,195 | 1,036 | 814 | 775 | 764 | 609 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 414 | 373 | 275 | 246 | 240 | 220 | |||
| Accounts payable | 338 | 309 | 217 | 204 | 197 | 188 | |||
| Accrued liabilities | 76 | 65 | 58 | 42 | 43 | 32 | |||
| Debt | 39 | 36 | 26 | 27 | 35 | 8 | |||
| Self insurance reserve | |||||||||
| Other undisclosed current liabilities | |||||||||
| Total current liabilities: | 453 | 409 | 301 | 273 | 275 | 229 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 235 | 145 | 40 | 92 | 92 | ||||
| Long-term debt, excluding current maturities | 235 | 145 | 40 | 92 | 92 | ||||
| Liabilities, other than long-term debt | 26 | 28 | 31 | 31 | 28 | 25 | |||
| Accounts payable and accrued liabilities | 6 | 8 | 9 | 10 | 10 | 12 | |||
| Other liabilities | 21 | 20 | 22 | 22 | 18 | 12 | |||
| Total noncurrent liabilities: | 261 | 173 | 71 | 123 | 119 | 25 | |||
| Total liabilities: | 714 | 582 | 372 | 395 | 394 | 253 | |||
| Equity | |||||||||
| Equity, attributable to parent | 481 | 454 | 442 | 379 | 370 | 356 | |||
| Treasury stock, value | (76) | (78) | (70) | (69) | (62) | (41) | |||
| Additional paid in capital | 312 | 311 | 308 | 307 | 306 | 304 | |||
| Accumulated other comprehensive loss | (15) | (20) | (5) | (11) | (8) | (7) | |||
| Retained earnings | 260 | 240 | 209 | 152 | 134 | 99 | |||
| Total equity: | 481 | 454 | 442 | 379 | 370 | 356 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,195 | 1,036 | 814 | 775 | 764 | 609 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 | 12/31/2022 TTM | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,584 | 1,350 | 1,292 | 1,201 | 1,182 | 1,072 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,072 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,452) | (1,245) | (1,174) | (1,117) | (1,093) | (986) | ||
| Gross profit: | 132 | 105 | 118 | 84 | 88 | 86 | ||
| Operating expenses | (60) | (52) | (52) | (52) | (46) | (44) | ||
| Operating income: | 72 | 53 | 66 | 32 | 42 | 42 | ||
| Nonoperating income (expense) | (5) | (6) | 7 | (2) | 0 | 3 | ||
| Other nonoperating income (expense) | (4) | (6) | 6 | (2) | 0 | 3 | ||
| Interest and debt expense | (8) | (3) | (2) | (4) | (4) | (1) | ||
| Income from continuing operations before equity method investments, income taxes: | 60 | 44 | 70 | 25 | 38 | 45 | ||
| Other undisclosed income from continuing operations before income taxes | 0 | |||||||
| Income from continuing operations before income taxes: | 60 | 44 | 70 | 25 | 38 | 45 | ||
| Income tax expense | (16) | (12) | (13) | (7) | (7) | (28) | ||
| Income from continuing operations: | 44 | 31 | 57 | 18 | 32 | 17 | ||
| Income before gain (loss) on sale of properties: | ✕ | 33 | 31 | 57 | 18 | 32 | 17 | |
| Net income attributable to parent: | 44 | 31 | 57 | 18 | 32 | 17 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | (0) | (0) | (0) | (0) | (0) | ||
| Net income available to common stockholders, diluted: | 44 | 31 | 57 | 18 | 32 | 17 | ||
Comprehensive Income ($ in millions)
| 6/30/2023 | 12/31/2022 TTM | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 44 | 31 | 57 | 18 | 32 | 17 | ||
| Other comprehensive income (loss) | (4) | (15) | 6 | (3) | (1) | 2 | ||
| Comprehensive income, net of tax, attributable to parent: | 40 | 16 | 62 | 15 | 31 | 19 | ||
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.