Mesa Laboratories, Inc. (MLAB) financial statements (2022 and earlier)

Company profile

Business Address 12100 W 6TH AVE
LAKEWOOD, CO 80228
State of Incorp. CO
Fiscal Year End March 31
SIC 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51,706263,86581,38010,1855,4695,8205,695
Cash and cash equivalents51,706263,86581,38010,1855,4695,8205,695
Receivables37,28923,78721,13212,51614,30214,31915,313
Inventory, net of allowances, customer advances and progress billings23,71911,17814,2306,7729,22813,87314,017
Inventory23,71911,17814,2306,7729,22813,87314,017
Prepaid expense 4,0821,9142,552273  
Disposal group, including discontinued operation    1,934  
Deferred tax assets   1,218
Other undisclosed current assets8,2818374,1361,5987821,773943
Total current assets:120,995303,749122,79233,62331,98835,78537,186
Noncurrent Assets
Property, plant and equipment30,15221,99822,06622,22523,59326,00216,628
Intangible assets, net (including goodwill)558,208272,582261,40799,596108,393109,946106,934
Goodwill293,542160,841141,53666,37765,54372,15666,137
Intangible assets, net (excluding goodwill)264,666111,741119,87133,21942,85037,79040,797
Deferred income tax assets59461611,461
Other noncurrent assets11,7632,5302,480    
Deferred tax assets, net1,323127  
Total noncurrent assets:600,717297,726297,414123,144132,113135,948123,562
TOTAL ASSETS:721,712601,475420,206156,767164,101171,733160,748
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,29222,15818,64014,22611,03510,03113,188
Accounts payable7,8274,4733,4082,8982,3802,1682,823
Accrued liabilities12,4878,2976,2924,0043,3632,9993,085
Employee-related liabilities13,9789,3888,9407,3244,2844,3505,040
Taxes payable    1,0085142,240
Deferred revenue12,4838,7776,814
Debt   2,1251,6251,1253,000
Estimated litigation liability  503,300   
Business combination, contingent consideration, liability  504457091,2944,757
Deferred revenue and credits 4,1173,026
Contract with customer, liability3,965
Other undisclosed current liabilities 1,648  3,921  
Total current liabilities:46,77532,58326,00823,66117,29016,56723,971
Noncurrent Liabilities
Long-term debt and lease obligation229,140145,675140,27820,61344,63553,67542,250
Long-term debt, excluding current maturities229,140145,675140,27820,61344,63553,67542,250
Liabilities, other than long-term debt49,46816,99033,9071,1822,8153,5545,419
Deferred tax liabilities, net1,0772,6213,5545,419
Deferred income tax liabilities41,13416,27532,549
Other liabilities8,3347151,358105194  
Other undisclosed noncurrent liabilities     1164,430
Total noncurrent liabilities:278,608162,665174,18521,79547,45057,34552,099
Total liabilities:325,383195,248200,19345,45664,74073,91276,070
Stockholders' equity
Stockholders' equity attributable to parent396,329406,227220,013111,31199,36197,82184,678
Common stock308,208317,652158,02339,82330,51625,92521,001
Accumulated other comprehensive income (loss)8,81916,116(9,940)(1,815)564(1,760)(1,151)
Retained earnings79,30272,45971,93073,30368,28173,65664,828
Total stockholders' equity:396,329406,227220,013111,31199,36197,82184,678
TOTAL LIABILITIES AND EQUITY:721,712601,475420,206156,767164,101171,733160,748

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues163,420133,937117,687103,13596,17993,66584,659
Revenue, net 93,66584,659
Cost of revenue(64,706)(46,923)(52,754)(42,219)(41,560)(40,426)(33,246)
Cost of goods and services sold     (40,426)(33,246)
Gross profit:98,71487,01464,93360,91654,61953,23951,413
Operating expenses(89,606)(74,656)(57,439)(51,135)(52,436)(36,926)(35,090)
Operating income:9,10812,3587,4949,7812,18316,31316,323
Nonoperating expense(596)(10,055)(4,061)(1,050)(1,882)(2,017)(768)
Investment income, nonoperating 107960    
Other nonoperating income (expense)1,515(2,138)483(1,158)(1,882)(2,017)(768)
Interest and debt expense(4,928)(8,024)(5,504) (110)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes8,0248,0245,504(108)110  
Income from continuing operations before equity method investments, income taxes:11,6082,3033,4338,62330114,29615,555
Other undisclosed loss from continuing operations before income taxes(3,096)      
Income from continuing operations before income taxes:8,5122,3033,4338,62330114,29615,555
Income tax expense (benefit)(937)971(2,084)(1,139)(3,263)(3,113)(4,386)
Net income (loss) available to common stockholders, diluted:7,5753,2741,3497,484(2,962)11,18311,169

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):7,5753,2741,3497,484(2,962)11,18311,169
Comprehensive income (loss):7,5753,2741,3497,484(2,962)11,18311,169
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(20,076)26,485(7,938)(2,379)2,324(609)(917)
Comprehensive income (loss), net of tax, attributable to parent:(12,501)29,759(6,589)5,105(638)10,57410,252

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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