Lakeland Industries, Inc. (LAKE) financial statements (2023 and earlier)

Company profile

Business Address 202 PRIDE LANE SW
DECATUR, AL 35603
State of Incorp. DE
Fiscal Year End December 31
SIC 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2021
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 14,60612,83115,78810,3657,0226,762
Cash and cash equivalents 14,60612,83115,78810,3657,0226,762
Receivables 17,70216,47714,11910,70411,47614,166
Inventory, net of allowances, customer advances and progress billings 44,23842,36542,91935,53540,84140,308
Inventory 44,23842,36542,91935,53540,84140,308
Prepaid expense 1,2281,4782,1191,3611,1431,775
Assets held-for-sale, not part of disposal group     1,101
Other current assets 2,0332,3191,5552,1211,6352,663
Other undisclosed current assets     4541,144
Total current assets: 79,80775,47076,50060,08663,67266,818
Noncurrent Assets
Operating lease, right-of-use asset 2,244
Property, plant and equipment 10,11310,7818,7898,5279,26811,688
Intangible assets, net (including goodwill) 8718718718719661,315
Goodwill 871871871871871871
Intangible assets, net (excluding goodwill)     95443
Deposits noncurrent assets     93113
Other noncurrent assets 98158354176  
Other undisclosed noncurrent assets 6,2727,4438,01714,89414,26113,274
Total noncurrent assets: 19,59819,25318,03124,46824,58826,390
TOTAL ASSETS: 99,40594,72394,53184,55488,26093,208
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 10,94910,17610,0107,2576,98613,834
Accounts payable 7,2046,2147,0574,9284,2548,415
Accrued liabilities 2,4452,8251,1821,0181,5752,559
Employee-related liabilities 1,3001,1371,7711,3111,1572,860
Debt 1,99015836920312,7348,991
Derivative instruments and hedges, liabilities    (26)  
Estimated litigation liability      1,000
Disposal group, including discontinued operation     238 
Other undisclosed current liabilities  1 4,891  
Total current liabilities: 12,93910,33510,37912,32519,95823,824
Noncurrent Liabilities
Long-term debt and lease obligation 1,4141,1611,312716691800
Long-term debt, excluding current maturities  1,1611,312716691800
Operating lease, liability 1,414
Liabilities, other than long-term debt      2,935
Estimated litigation liability      2,870
Other liabilities      65
Other undisclosed noncurrent liabilities    6952,393
Total noncurrent liabilities: 1,4141,1611,3127227866,127
Total liabilities: 14,35311,49611,69113,04720,74429,952
Stockholders' equity
Stockholders' equity attributable to parent 85,05283,22882,84071,50767,51663,256
Common stock 858585767674
Treasury stock, value (5,023)(4,517)(3,352)(3,352)(3,352)(3,352)
Additional paid in capital 75,17175,61274,91764,76464,46864,594
Accumulated other comprehensive loss (2,762)(2,252)(1,651)(2,382)(2,184)(2,714)
Retained earnings 17,58114,30012,84112,4018,5084,654
Other undisclosed stockholders' equity  (1)    
Total stockholders' equity: 85,05283,22782,84071,50767,51663,256
TOTAL LIABILITIES AND EQUITY: 99,40594,72394,53184,55488,26093,208

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

10/31/2021
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues 107,80999,01195,98786,18399,64699,734
Revenue, net95,98786,18399,64699,734
Cost of revenue (69,912)(65,105)(59,784)(54,546)(63,313)(67,873)
Cost of goods and services sold   (59,784)(54,546)(63,313)(67,873)
Other undisclosed gross profit      1,851
Gross profit: 37,89733,90636,20331,63736,33333,712
Operating expenses (32,021)(30,341)(27,726)(24,790)(24,521)(28,755)
Operating income: 5,8763,5658,4776,84711,8124,957
Nonoperating income (expense) (407)(459)1,12946(120)(2,544)
Foreign currency transaction gain (loss), before tax (400)(500)1,100  (125)
Other nonoperating income (expense) (7)412946(120)(2,419)
Interest and debt expense (116)(125)(163)(620)(785)(57)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 400500(1,100)   
Income from continuing operations before equity method investments, income taxes: 5,7533,4818,3436,27310,9072,357
Other undisclosed loss from continuing operations before income taxes      (2,295)
Income from continuing operations before income taxes: 5,7533,4818,3436,27310,90761
Income tax expense (benefit) (2,472)(2,022)(7,903)(2,380)(3,117)8,337
Income from continuing operations: 3,2811,4594403,8937,7908,399
Loss from discontinued operations     (3,936) 
Net income available to common stockholders, diluted: 3,2811,4594403,8933,8548,399

Comprehensive Income ($ in thousands)

10/31/2021
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income: 3,2811,4594403,8933,8548,399
Other comprehensive loss  (601)    
Comprehensive income: 3,2818584403,8933,8548,399
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (510) 731(198)530(865)
Comprehensive income, net of tax, attributable to parent: 2,7718581,1713,6954,3847,534

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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