Liquidity Services, Inc. (LQDT) financial statements (2022 and earlier)

Company profile

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

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments91,32140,00060,00060,00078,44894,348134,513
Cash and cash equivalents91,32140,00060,00030,00058,44894,348134,513
Short-term investments   30,00020,000  
Receivables7,7975,8665,3226,7044,87011,95511,560
Inventory, net of allowances, customer advances and progress billings13,22512,4685,6075,84310,12220,73627,610
Inventory13,22512,4685,6075,84310,12220,73627,610
Prepaid expense1,6771,7131,6522,5311,7272,109 
Other undisclosed current assets6,46571,79521,99814,8477,8169,77411,229
Total current assets:120,485131,84294,57989,925102,983138,922184,912
Noncurrent Assets
Operating lease, right-of-use asset15,30913,47810,561 
Property, plant and equipment18,16417,63417,84318,84616,61016,79314,376
Intangible assets, net (including goodwill)107,91463,32564,59765,51067,18545,81547,784
Goodwill88,72759,87259,83959,46759,81945,38845,134
Intangible assets, net (excluding goodwill)19,1873,4534,7586,0437,3664272,650
Deferred income tax assets19,21723,822806866
Other noncurrent assets5,7895,4758,24812,13614,12412,73712,016
Other undisclosed noncurrent assets    9309621,021
Total noncurrent assets:166,393123,734102,05597,35898,84976,30775,197
TOTAL ASSETS:286,878255,576196,634187,283201,832215,229260,109
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,95740,61121,95715,05113,85913,0999,732
Accounts payable31,95740,61121,95715,05113,85913,0999,732
Deferred revenue4,6854,6243,2553,049
Deferred compensation liability 30061707   
Other undisclosed current liabilities88,37963,63849,05150,01554,61257,65775,756
Total current liabilities:125,021109,17374,32468,82268,47170,75685,488
Noncurrent Liabilities
Long-term debt and lease obligation11,77410,0987,499    
Operating lease, liability11,77410,0987,499 
Liabilities, other than long-term debt13,004  4006006001,000
Deferred revenue and credits6006001,000
Deferred rent credit   400 
Other liabilities13,004      
Other undisclosed noncurrent liabilities (8,808)(4,503)1,8863,10711,23711,010
Total noncurrent liabilities:24,77811,38810,4952,2863,70711,83712,010
Total liabilities:149,799120,56184,81971,10872,17882,59397,498
Stockholders' equity
Stockholders' equity attributable to parent137,079135,015111,815116,175129,654132,636162,611
Common stock36353434332929
Treasury stock, value(39,691)(36,628)(3,983)    
Additional paid in capital253,536252,017247,892242,686236,115227,264220,192
Accumulated other comprehensive loss(9,142)(9,011)(9,782)(7,973)(6,449)(6,431)(8,571)
Accumulated deficit(67,660)(71,398)(122,346)(118,572)(100,045)(88,226)(49,039)
Total stockholders' equity:137,079135,015111,815116,175129,654132,636162,611
TOTAL LIABILITIES AND EQUITY:286,878255,576196,634187,283201,832215,229260,109

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues268,486257,531205,940226,525224,514270,015316,454
Revenue, net224,514270,015316,454
Cost of revenue(112,869)(107,684)(96,589)(118,294)(116,194)(149,176)(279,108)
Cost of goods and services sold(112,867)(107,678)(96,016)(102,414)(2,494)(10,381)(2,676)
Other undisclosed gross profit265735,0491,3923,651 
Gross profit:155,619149,853109,924113,280109,712124,49037,346
Operating expenses(128,624)(122,679)(113,248)(127,739)(129,713)(160,839)(71,464)
Other operating income (expense), net30(6)(573)(5,049)1,3923,651 
Other undisclosed operating loss    (2,784)(7,302) 
Operating income (loss):27,02527,168(3,897)(19,508)(21,393)(40,000)(34,118)
Interest and debt expense(22)(22)(23)    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(190) 9471,4484503621,217
Income (loss) from continuing operations before equity method investments, income taxes:26,81327,146(2,973)(18,060)(20,943)(39,638)(32,901)
Other undisclosed income from continuing operations before income taxes569433     
Income (loss) from continuing operations before income taxes:27,38227,579(2,973)(18,060)(20,943)(39,638)(32,901)
Income tax expense (benefit)22,65523,370(801)(1,200)9,328451(27,025)
Net income (loss) available to common stockholders, diluted:50,03750,949(3,774)(19,260)(11,615)(39,187)(59,926)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):50,03750,949(3,774)(19,260)(11,615)(39,187)(59,926)
Comprehensive income (loss):50,03750,949(3,774)(19,260)(11,615)(39,187)(59,926)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(256)771(1,809)(1,524)(18)2,140(2,945)
Comprehensive income (loss), net of tax, attributable to parent:49,78151,720(5,583)(20,784)(11,633)(37,047)(62,871)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: