Kirkland's, Inc. (KIRK) financial statements (2022 and earlier)

Company profile

Business Address 5310 MARYLAND WAY
BRENTWOOD, TN 37027
State of Incorp.
Fiscal Year End January 31
SIC 599 - Retail Stores, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,003100,33730,13257,94680,15663,93744,352
Cash and cash equivalents25,003100,33730,13257,94680,15663,93744,352
Inventory, net of allowances, customer advances and progress billings114,02962,08394,67484,43481,25575,44768,222
Inventory114,02962,08394,67484,43481,25575,44768,222
Prepaid expense287294273400   
Other undisclosed current assets10,2507,9846,43215,16115,98813,65618,535
Total current assets:149,569170,698131,511157,941177,399153,040131,109
Noncurrent Assets
Operating lease, right-of-use asset124,684147,334200,067
Property, plant and equipment49,99763,41082,863110,823113,039110,870105,542
Deferred costs    2,200  
Deferred income tax assets  1,525
Other noncurrent assets6,9395,6706,4766,6816,5435,0381,934
Deferred tax assets, net1,703 1,198 
Other undisclosed noncurrent assets    16  
Total noncurrent assets:181,620216,414290,931119,207121,798117,106107,476
TOTAL ASSETS:331,189387,112422,442277,148299,197270,146238,585
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities93,34692,62788,28678,37089,41769,43359,495
Accounts payable62,53555,17359,51340,00445,60232,89028,689
Accrued liabilities30,81137,45428,77337,66538,87230,27025,943
Taxes payable   7014,9436,2734,863
Debt  53,154    
Due to related parties   8,1667,5235,008 
Other undisclosed current liabilities41,26844,973     
Total current liabilities:134,614137,600141,44086,53696,94074,44159,495
Noncurrent Liabilities
Long-term debt and lease obligation111,021148,976195,736    
Operating lease, liability111,021148,976195,736
Liabilities, other than long-term debt4,4285,6148,31159,81261,49661,89259,395
Deferred revenue and credits53,30352,65648,280
Deferred rent credit   51,871
Deferred tax liabilities, net  4794,671
Other liabilities4,4285,6148,3117,9418,1938,7576,444
Total noncurrent liabilities:115,449154,590204,04759,81261,49661,89259,395
Total liabilities:250,063292,190345,487146,348158,436136,333118,890
Stockholders' equity
Stockholders' equity attributable to parent81,12694,92276,955130,800140,761133,813119,695
Common stock175,856174,391172,885169,477167,501165,245162,173
Accumulated deficit(94,730)(79,469)(95,930)(38,677)(26,740)(31,432)(42,478)
Total stockholders' equity:81,12694,92276,955130,800140,761133,813119,695
TOTAL LIABILITIES AND EQUITY:331,189387,112422,442277,148299,197270,146238,585

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

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues558,180543,496603,880647,071634,117594,328561,807
Revenue, net634,117594,328561,807
Cost of revenue
(Cost of Goods and Services Sold)
(369,752)(370,658)(438,446)(444,002)(426,581)(372,857)(343,013)
Gross profit:188,428172,838165,434203,069207,536221,471218,794
Operating expenses(163,083)(164,551)(218,475)(198,188)(198,184)(204,472)(192,603)
Operating income (loss):25,3458,287(53,041)4,8819,35216,99926,191
Nonoperating income3443769111,197739252252
Other nonoperating income3443769111,197739252251
Interest and debt expense(320)(571)(457)(267)(275)(276)(346)
Income (loss) from continuing operations before income taxes:25,3698,092(52,587)5,8119,81616,97526,097
Income tax expense (benefit)(3,343)8,547(678)(2,031)(4,520)(5,929)(9,524)
Net income (loss) available to common stockholders, diluted:22,02616,639(53,265)3,7805,29611,04616,573

Comprehensive Income ($ in thousands)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income (loss):22,02616,639(53,265)3,7805,29611,04616,573
Comprehensive income (loss), net of tax, attributable to parent:22,02616,639(53,265)3,7805,29611,04616,573

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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