Liquidity Services, Inc. (LQDT) Financial Statements (2024 and earlier)

Company Profile

Business Address 6931 ARLINGTON ROAD
BETHESDA, MD 20814
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,91623,81940,00060,00060,00078,448
Cash and cash equivalents15,20022,00040,00060,00030,00058,448
Short-term investments3,7161,819  30,00020,000
Receivables7,96911,7925,8665,3226,7044,870
Inventory, net of allowances, customer advances and progress billings16,36911,67912,4685,6075,84310,122
Inventory16,36911,67912,4685,6075,84310,122
Prepaid expense1,8331,6311,7131,6522,5311,727
Other undisclosed current assets68,55180,67371,79521,99814,8477,816
Total current assets:113,638129,594131,84294,57989,925102,983
Noncurrent Assets
Operating lease, right-of-use asset12,17713,20713,47810,561 
Property, plant and equipment18,54819,09417,63417,84318,84616,610
Intangible assets, net (including goodwill)104,597105,14463,32564,59765,51067,185
Goodwill89,34588,91059,87259,83959,46759,819
Intangible assets, net (excluding goodwill)15,25216,2343,4534,7586,0437,366
Deferred income tax assets12,44713,62823,822806866
Other noncurrent assets7,7947,4375,4758,24812,13614,124
Other undisclosed noncurrent assets     930
Total noncurrent assets:155,563158,510123,734102,05597,35898,849
TOTAL ASSETS:269,201288,104255,576196,634187,283201,832
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,59241,98240,61121,95715,05113,859
Accounts payable31,59241,98240,61121,95715,05113,859
Deferred revenue4,0224,4394,6243,2553,049
Deferred compensation liability  20030061707 
Other undisclosed current liabilities69,82376,88263,63849,05150,01554,612
Total current liabilities:105,437123,503109,17374,32468,82268,471
Noncurrent Liabilities
Long-term debt and lease obligation:  9,68710,0987,499  
Liabilities, other than long-term debt8,811378  400600
Deferred revenue and credits600
Deferred rent credit     400 
Other liabilities235378    
Operating lease, liability8,5769,68710,0987,499 
Other undisclosed noncurrent liabilities   (8,808)(4,503)1,8863,107
Total noncurrent liabilities:8,81110,06511,38810,4952,2863,707
Total liabilities:114,248133,568120,56184,81971,10872,178
Equity
Equity, attributable to parent, including:154,953154,536135,015111,815116,175129,654
Common stock363635343433
Treasury stock, value(69,754)(62,554)(36,628)(3,983)  
Additional paid in capital260,653258,275252,017247,892242,686236,115
Accumulated other comprehensive loss(9,012)(10,285)(9,011)(9,782)(7,973)(6,449)
Accumulated deficit(26,970)(30,936)(71,398)(122,346)(118,572)(100,045)
Other undisclosed equity, attributable to parent      
Other undisclosed equity      
Total equity:154,953154,536135,015111,815116,175129,654
TOTAL LIABILITIES AND EQUITY:269,201288,104255,576196,634187,283201,832

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

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues285,625280,050257,531205,940226,525224,514
Revenue, net224,514
Cost of revenue(123,557)(119,407)(107,684)(96,589)(118,294)(116,194)
Cost of goods and services sold(123,418)(119,407)(107,678)(96,016)(102,414)(2,494)
Other undisclosed gross profit 139 65735,0491,392
Gross profit:162,207160,643149,853109,924113,280109,712
Operating expenses (35,643) (122,679)(113,248)(127,739)(129,713)
Other operating income (expense), net(559)(388)(6)(573)(5,049)1,392
Other undisclosed operating loss(78,355)(112,850)   (2,784)
Operating income (loss):47,65047,40527,168(3,897)(19,508)(21,393)
Interest and debt expense(20)(21)(22)(23)  
Other undisclosed income from continuing operations before equity method investments, income taxes    9471,448450
Income (loss) from continuing operations before equity method investments, income taxes:47,63047,38427,146(2,973)(18,060)(20,943)
Other undisclosed income from continuing operations before income taxes526269433   
Income (loss) from continuing operations before income taxes:48,15647,65327,579(2,973)(18,060)(20,943)
Income tax expense (benefit)(7,466)(7,329)23,370(801)(1,200)9,328
Income (loss) from continuing operations:40,69040,32450,949(3,774)(19,260)(11,615)
Income (loss) before gain (loss) on sale of properties:36,72340,32450,949(3,774)(19,260)(11,615)
Net income (loss):40,69040,32450,949(3,774)(19,260)(11,615)
Other undisclosed net income attributable to parent      
Net income (loss) available to common stockholders, diluted:40,69040,32450,949(3,774)(19,260)(11,615)

Comprehensive Income ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):40,69040,32450,949(3,774)(19,260)(11,615)
Comprehensive income (loss):40,69040,32450,949(3,774)(19,260)(11,615)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent130(1,274)771(1,809)(1,524)(18)
Comprehensive income (loss), net of tax, attributable to parent:40,82039,05051,720(5,583)(20,784)(11,633)

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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