Micropac Industries Inc (MPAD) financial statements (2022 and earlier)

Company profile

Business Address 905 E WALNUT ST
GARLAND, TX 75040
State of Incorp. DE
Fiscal Year End November 30
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,25214,61915,97912,54111,41912,026
Cash and cash equivalents15,25214,61913,89010,4839,38810,012
Short-term investments  2,0892,0582,0312,014
Receivables4,9742,6393,3823,7723,462 
Inventory, net of allowances, customer advances and progress billings8,6849,1377,4036,5785,8657,617
Inventory8,6849,1377,4036,5785,8657,617
Prepaid expense   407227521
Contract with customer, asset603512519 
Other undisclosed current assets3417152125112743,019
Total current assets:29,85427,62227,49523,80921,24723,183
Noncurrent Assets
Inventory, real estate     1,109
Property, plant and equipment10,8373,9353,6493,7803,8042,186
Other undisclosed noncurrent assets67144 57203(1,109)
Total noncurrent assets:10,9044,0793,6493,8374,0072,186
TOTAL ASSETS:40,75831,70131,14427,64625,25425,369
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 363,077364,0901,155512710
Accounts payable 843851707372612
Accrued liabilities 2,2342612314098
Employee-related liabilities 360,000363,000325  
Taxes payable  213   
Other undisclosed current liabilities5,092(360,960)(361,219)1,7481,1821,830
Total current liabilities:5,0922,1172,8712,9031,6942,540
Noncurrent Liabilities
Liabilities, other than long-term debt     417
Deferred tax liabilities, net  417
Total noncurrent liabilities:     417
Total liabilities:5,0922,1172,8712,9031,6942,957
Stockholders' equity
Stockholders' equity attributable to parent, including:32,26729,46728,25324,47323,56022,412
Common stock308308308308308308
Treasury stock, value(1,250)(1,250)(1,250)(1,250)(1,250)1,250
Additional paid in capital885885885885885885
Deferred compensation equity (981)(1,287)(747)(704)(454)
Retained earnings32,32429,52428,31024,80023,61722,469
Other undisclosed stockholders' equity attributable to parent 9811,287477704(2,046)
Total stockholders' equity:32,26729,46728,25324,47323,56022,412
Other undisclosed liabilities and equity3,39911720270  
TOTAL LIABILITIES AND EQUITY:40,75831,70131,14427,64625,25425,369

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

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
Revenues27,29222,274274419,78317,657
Revenue, net19,72517,599
Other income(171)2227445858
Cost of revenue(691,211)(204,325)(739,753)(26,308)  
Cost of goods and services sold(15,211)13,675(13,753)(13,001)  
Provision for loan, lease, and other losses(676,000)(218,000)(726,000)19
Gross profit:(663,919)(182,051)(739,726)(26,264)19,78317,657
Operating expenses(7,950)6,9977,3806,652(5,949)5,285
Other undisclosed operating income (loss)675,755176,679736,66320,924(12,234)(22,653)
Operating income:3,8861,6254,3171,3121,600289
Income from continuing operations before income taxes:3,8861,6254,3171,3121,600289
Income tax expense (benefit) (260,171)(663,789)38(271)(110)
Income (loss) before gain (loss) on sale of properties:3,886(258,546)(659,472)1,3501,329179
Other undisclosed net income 260,018663,185917756
Net income:3,8861,4723,7131,4411,406235
Other undisclosed net loss attributable to parent(828)     
Net income available to common stockholders, diluted:3,0581,4723,7131,4411,406235

Comprehensive Income ($ in thousands)

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
Net income:3,8861,4723,7131,4411,406235
Comprehensive income, net of tax, attributable to parent:3,8861,4723,7131,4411,406235

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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