Emerson Radio Corporation (MSN) financial statements (2021 and earlier)

Company profile

Business Address 35 WATERVIEW BLVD.
PARSIPPANY, NJ 07054
State of Incorp. DE
Fiscal Year End March 31
SIC 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34364153504359
Cash and cash equivalents682527304326
Short-term investments2828162520 32
Restricted cash and investments    11 
Receivables1121344
Inventory, net of allowances, customer advances and progress billings    255
Inventory    255
Other undisclosed current assets3443389
Total current assets:38414757586177
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset0
Property, plant and equipment0000000
Other noncurrent assets0000000
Other undisclosed noncurrent assets0011112
Total noncurrent assets:1111212
TOTAL ASSETS:39424858606279
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities0000014
Taxes payable000001 
Accounts payable and other accrued liabilities4
Debt0      
Due to related parties    11 
Deferred revenue and credits0    
Contract with customer, liability0
Other undisclosed current liabilities111122 
Total current liabilities:1111334
Noncurrent Liabilities
Long-term debt and lease obligation0    0 
Long-term debt, excluding current maturities     0 
Finance lease, liability0
Operating lease, liability0
Liabilities, other than long-term debt22     
Accounts payable and accrued liabilities22     
Other undisclosed noncurrent liabilities  3    
Total noncurrent liabilities:223  0 
Total liabilities:4341344
Stockholders' equity
Stockholders' equity attributable to parent36394457575875
Preferred stock3333333
Common stock1111111
Treasury stock, value(33)(33)(31)(24)(24)(24)(24)
Additional paid in capital80808080808099
Accumulated deficit(15)(12)(9)(2)(2)(1)(3)
Total stockholders' equity:36394457575875
TOTAL LIABILITIES AND EQUITY:39424858606279

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues791521467678
Revenue, net1521467678
Cost of revenue(7)(9)(14)(16)(39)(63)(64)
Cost of goods and services sold(7)(9)(14)(16)(39)(62)(63)
Gross profit:(0)01571414
Operating expenses(4)(4)(5)(5)(8)(9)(15)
Other undisclosed operating income     04
Operating income (loss):(5)(4)(4)(0)(1)53
Nonoperating income (expense) 10000(3)
Investment income, nonoperating 100001
Interest and debt expense  (0)   (0)
Other undisclosed income from continuing operations before equity method investments, income taxes1     0
Income (loss) from continuing operations before equity method investments, income taxes:(4)(3)(3)(0)(1)5(0)
Other undisclosed income from continuing operations before income taxes0      
Income (loss) from continuing operations before income taxes:(4)(3)(3)(0)(1)5(0)
Income tax expense (benefit)00(3)(0)0(3)1
Net income (loss) available to common stockholders, diluted:(3)(2)(7)(0)(1)21

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):(3)(2)(7)(0)(1)21
Comprehensive income (loss), net of tax, attributable to parent:(3)(2)(7)(0)(1)21

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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