NVE Corporation (NVEC) financial statements (2022 and earlier)

Company profile

Business Address 11409 VALLEY VIEW ROAD
EDEN PRAIRIE, MN 55344
State of Incorp. MN
Fiscal Year End March 31
SIC 3674 - Semiconductors and Related Devices (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 investments31,45018,10627,15019,36525,52127,79127,232
Cash and cash equivalents8,96810,4278,0666,8774,7558,1997,535
Short-term investments22,4827,67919,08512,48820,76619,59219,697
Receivables3,0381,9642,6942,9962,8893,4372,244
Inventory, net of allowances, customer advances and progress billings4,3683,9013,8844,2653,6503,3583,205
Inventory4,3683,9013,8844,2653,6503,3583,205
Other undisclosed current assets922391656816635607735
Total current assets:39,77824,36334,38527,44232,69535,19433,416
Noncurrent Assets
Operating lease, right-of-use asset594689816
Property, plant and equipment2373375828951,3251,4131,692
Long-term investments and receivables27,18047,03943,60654,92652,83856,81165,695
Long-term investments27,18047,03943,60654,92652,83856,81165,695
Deferred income tax assets26074108
Deferred tax assets, net35457335751
Total noncurrent assets:28,27148,13845,11356,17454,73658,58167,438
TOTAL ASSETS:68,04972,50179,49883,61687,43193,775100,854
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities924877669836990953875
Accounts payable111337187375415376318
Employee-related liabilities813540482460575576557
Deferred revenue and credits 143715
Other undisclosed current liabilities153150127    
Total current liabilities:1,0771,0277968369901,0951,589
Noncurrent Liabilities
Long-term debt and lease obligation483581707    
Operating lease, liability483581707
Other undisclosed noncurrent liabilities(483)(581)(707)    
Total noncurrent liabilities:483581707    
Total liabilities:1,5591,6091,5038369901,0951,589
Stockholders' equity
Stockholders' equity attributable to parent66,48970,89277,99582,78086,44292,67999,265
Common stock48484848484848
Additional paid in capital19,41119,33819,38419,91119,59919,50719,206
Accumulated other comprehensive income (loss)4341,101517(83)(916)(38)451
Retained earnings46,59650,40458,04762,90467,71073,16279,559
Total stockholders' equity:66,48970,89277,99582,78086,44292,67999,265
TOTAL LIABILITIES AND EQUITY:68,04972,50179,49883,61687,43193,775100,854

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
Revenues22,37221,36625,41226,47229,86428,32627,717
Revenue, net 28,32627,717
Cost of revenue(5,118)(4,121)(4,889)(5,216)(6,275)(6,078)(6,617)
Gross profit:17,25417,24520,52321,25623,58922,24821,100
Operating expenses(4,138)(4,501)(5,008)(5,332)(5,139)(4,803)(4,814)
Operating income:13,11612,74415,51515,92518,45117,44516,286
Nonoperating income
(Investment Income, Nonoperating)
1,0081,4981,7871,7851,5581,6511,891
Income from continuing operations before income taxes:14,12414,24217,30217,71020,00919,09618,177
Income tax expense(2,898)(2,547)(2,775)(3,202)(6,096)(6,147)(5,885)
Net income available to common stockholders, diluted:11,22611,69414,52714,50813,91312,94912,292

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:11,22611,69414,52714,50813,91312,94912,292
Other undisclosed comprehensive income (loss)(863)585 893(877)(490)(295)
Comprehensive income:10,36312,27914,52715,40113,03512,45911,997
Other undisclosed comprehensive income, net of tax, attributable to parent  599    
Comprehensive income, net of tax, attributable to parent:10,36312,27915,12615,40113,03512,45911,997

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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