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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31343641535043
Cash and cash equivalents316825273043
Short-term investments 2828162520 
Restricted cash and investments     11
Receivables1012134
Inventory, net of allowances, customer advances and progress billings     25
Inventory     25
Other undisclosed current assets3244338
Total current assets:35374147575861
Noncurrent Assets
Finance lease, right-of-use asset00
Operating lease, right-of-use asset00
Property, plant and equipment0000000
Other noncurrent assets0000000
Other undisclosed noncurrent assets  01111
Total noncurrent assets:0111121
TOTAL ASSETS:35384248586062
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities0000001
Taxes payable0000001
Deferred revenue00
Debt00     
Due to related parties0    11
Deferred revenue and credits0   
Contract with customer, liability0
Other undisclosed current liabilities1111122
Total current liabilities:2111133
Noncurrent Liabilities
Long-term debt and lease obligation00    0
Long-term debt, excluding current maturities      0
Finance lease, liability00
Operating lease, liability00
Liabilities, other than long-term debt222    
Accounts payable and accrued liabilities222    
Other undisclosed noncurrent liabilities   3   
Total noncurrent liabilities:2223  0
Total liabilities:4334134
Stockholders' equity
Stockholders' equity attributable to parent31343944575758
Preferred stock3333333
Common stock1111111
Treasury stock, value(33)(33)(33)(31)(24)(24)(24)
Additional paid in capital80808080808080
Accumulated deficit(19)(16)(12)(9)(2)(2)(1)
Total stockholders' equity:31343944575758
TOTAL LIABILITIES AND EQUITY:35384248586062

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues56915214676
Revenue, net15214676
Cost of revenue(4)(7)(9)(14)(16)(39)(63)
Cost of goods and services sold(5)(7)(9)(14)(16)(39)(62)
Gross profit:1(0)015714
Operating expenses(6)(4)(4)(5)(5)(8)(9)
Other undisclosed operating income      0
Operating income (loss):(5)(5)(4)(4)(0)(1)5
Nonoperating income
(Investment Income, Nonoperating)
 110000
Interest and debt expense   (0)   
Other undisclosed income from continuing operations before equity method investments, income taxes1      
Income (loss) from continuing operations before equity method investments, income taxes:(5)(4)(3)(3)(0)(1)5
Other undisclosed loss from continuing operations before income taxes(0)      
Income (loss) from continuing operations before income taxes:(5)(4)(3)(3)(0)(1)5
Income tax expense (benefit)(0)(0)0(3)(0)0(3)
Net income (loss) available to common stockholders, diluted:(5)(4)(2)(7)(0)(1)2

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):(5)(4)(2)(7)(0)(1)2
Comprehensive income (loss), net of tax, attributable to parent:(5)(4)(2)(7)(0)(1)2

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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