Key Tronic Corporation (KTCC) Financial Statements (2023 and Earlier)

Company Profile

Business Address 4424 N. SULLIVAN ROAD
SPOKANE, WA 99216
State of Incorp. WA
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 thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0463,4735536013433731,018
Cash and cash equivalents1,0463,4735536013433731,018
Receivables123,413110,32486,12358,42970,26265,19361,678
Inventory, net of allowances, customer advances and progress billings157,750137,300115,020100,431110,315101,590107,006
Inventory157,750137,300115,020100,431110,315101,590107,006
Contract with customer, asset25,96824,78123,75322,161
Other current assets35,37423,34517,31516,47713,60011,03711,757
Other undisclosed current assets 29     
Total current assets:343,551299,252242,764198,099194,520178,193181,459
Noncurrent Assets
Finance lease, right-of-use asset6,656  
Operating lease, right-of-use asset19,06815,74517,568
Property, plant and equipment29,00435,73531,76429,41327,54830,49627,925
Intangible assets, net (including goodwill)   65713,68314,75715,885
Goodwill    9,9579,9579,957
Intangible assets, net (excluding goodwill)   6573,7264,8005,928
Regulated entity, other noncurrent assets574  6089119 
Deferred income tax assets 9,65610,178
Other noncurrent assets8,2471,4582,5872,3012,8952,4131,673
Other undisclosed noncurrent assets3,407  7,7807,7936,8628,982
Total noncurrent assets:66,95662,59462,09740,21152,00854,64754,465
TOTAL ASSETS:410,507361,846304,861238,310246,528232,840235,924
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities139,199104,29490,63280,33084,30363,08368,538
Accounts payable131,84292,82380,20473,57176,19853,07858,967
Employee-related liabilities7,35711,47110,4286,7598,10510,0059,571
Debt4,9912,1437,5085,8415,8415,8415,000
Other liabilities22,93820,26814,0797,2338,7698,82910,572
Total current liabilities:167,128126,705112,21993,40498,91377,75384,110
Noncurrent Liabilities
Long-term debt and lease obligation116,90119,33415,8827,09112,93218,77321,250
Long-term debt, excluding current maturities103,2527,9063,2587,09112,93218,77321,250
Operating lease, liability13,64911,42812,624
Liabilities, other than long-term debt3,8431,740875 3801,4126,909
Other liabilities3,8431,740875 3801,4126,909
Other undisclosed noncurrent liabilities 90,36260,32823,35616,22218,33518,073
Total noncurrent liabilities:120,744111,43677,08530,44729,53438,52046,232
Total liabilities:287,872238,141189,304123,851128,447116,273130,342
Stockholders' equity
Stockholders' equity attributable to parent122,635123,705115,557114,459118,081116,567105,582
Common stock47,32447,18146,94646,68046,24445,79745,227
Accumulated other comprehensive income (loss)(543)2,072(1,500)2,426(969)(2,775)(7,573)
Retained earnings75,85474,45270,11165,35372,80673,54567,928
Total stockholders' equity:122,635123,705115,557114,459118,081116,567105,582
TOTAL LIABILITIES AND EQUITY:410,507361,846304,861238,310246,528232,840235,924

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues534,447518,698449,480464,044446,322467,797484,965
Revenue, net446,322467,797484,965
Cost of revenue
(Cost of Goods and Services Sold)
(493,099)(476,659)(414,231)(429,443)(412,153)(429,497)(446,140)
Gross profit:41,34842,03935,24934,60134,16938,30038,825
Operating expenses(33,593)(32,513)(28,421)(40,559)(33,055)(28,756)(28,409)
Operating income (loss):7,7559,5266,828(5,958)1,1149,54410,416
Interest and debt expense(4,171)(3,613)(2,509)(2,782)(2,556)(2,288)(2,265)
Income (loss) from continuing operations before income taxes:3,5845,9134,319(8,740)(1,442)7,2568,151
Income tax expense (benefit)(1,140)(1,572)439758117(1,639)(1,618)
Net income (loss) available to common stockholders, diluted:2,4444,3414,758(7,982)(1,325)5,6176,533

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):2,4444,3414,758(7,982)(1,325)5,6176,533
Other comprehensive income500      
Comprehensive income (loss):2,9444,3414,758(7,982)(1,325)5,6176,533
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,737)3,572(3,926)3,3952,3924,798(2,810)
Comprehensive income (loss), net of tax, attributable to parent:(793)7,913832(4,587)1,06710,4153,723

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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