Otelco Inc. (OTEL) financial statements (2022 and earlier)
Company profile
| Business Address |
505 THIRD AVE E ONEONTA, AL 35121 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,445 | 3,113 | 4,657 | 3,570 | 10,538 | 6,884 | 5,082 | ||
| Cash and cash equivalents | 8,445 | 3,113 | 4,657 | 3,570 | 10,538 | 6,884 | 5,082 | ||
| Receivables | 3,881 | 3,908 | 4,183 | 4,647 | 5,035 | 3,575 | 3,732 | ||
| Prepaid expense | 1,274 | 1,624 | 1,198 | 3,122 | 2,912 | 2,775 | 3,441 | ||
| Other current assets | 187 | 251 | |||||||
| Other undisclosed current assets | 5,988 | 5,859 | 4,701 | 4,575 | 3,712 | 5,295 | 6,068 | ||
| Total current assets: | 19,775 | 14,755 | 14,739 | 15,914 | 22,197 | 18,529 | 18,323 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,539 | 1,146 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 59,386 | 57,284 | 52,073 | 50,888 | 49,271 | 49,811 | 51,237 | ||
| Long-term investments and receivables | 1,454 | 1,477 | 1,498 | 1,632 | 1,821 | 1,846 | 1,870 | ||
| Long-term investments | 1,454 | 1,477 | 1,498 | 1,632 | 1,821 | 1,846 | 1,870 | ||
| Intangible assets, net (including goodwill) | 45,134 | 45,506 | 45,895 | 46,304 | 46,761 | 47,339 | 48,154 | ||
| Goodwill | 44,976 | 44,976 | 44,976 | 44,976 | 44,976 | 44,976 | 44,976 | ||
| Intangible assets, net (excluding goodwill) | 158 | 530 | 919 | 1,328 | 1,785 | 2,363 | 3,178 | ||
| Derivative instruments and hedges | 4 | ||||||||
| Deferred costs | 797 | 1,161 | |||||||
| Other noncurrent assets | 116 | 577 | 143 | 201 | 222 | 259 | 471 | ||
| Other undisclosed noncurrent assets | 1,216 | ||||||||
| Total noncurrent assets: | 107,629 | 105,990 | 99,613 | 99,025 | 98,075 | 100,052 | 104,109 | ||
| TOTAL ASSETS: | 127,404 | 120,745 | 114,352 | 114,939 | 120,272 | 118,581 | 122,432 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 7,141 | 6,386 | 6,385 | 6,422 | 6,207 | 6,385 | 6,158 | ||
| Accounts payable | 1,498 | 1,525 | 1,331 | 1,619 | 1,477 | 1,818 | 1,104 | ||
| Accrued liabilities | 5,643 | 4,861 | 5,054 | 4,803 | 4,730 | 4,567 | 5,054 | ||
| Deferred revenue | 1,680 | 1,618 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 6,946 | 4,225 | 3,904 | 3,891 | 6,071 | 3,000 | 6,665 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 1,684 | 1,487 | 1,418 | 1,410 | ||
| Deferred tax liabilities | ✕ | ✕ | 24 | 600 | |||||
| Customer advances and deposits | ✕ | ✕ | ✕ | 58 | 62 | 68 | 70 | ||
| Contract with customer, liability | ✕ | ✕ | 1,614 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 401 | 44 | 48 | ||||||
| Total current liabilities: | 16,168 | 12,273 | 11,951 | 12,055 | 13,851 | 10,871 | 14,903 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 59,258 | 66,022 | 69,107 | 80,058 | 86,860 | 97,052 | 105,470 | ||
| Long-term debt, excluding current maturities | 58,094 | 65,172 | 69,107 | 80,058 | 86,860 | 97,052 | 105,470 | ||
| Operating lease, liability | 1,164 | 850 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 23,748 | 23,690 | 22,392 | 21,319 | 30,269 | 26,818 | 26,066 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 2,367 | 1,987 | 628 | 681 | ||
| Deferred lease income, after accumulated amortization | 1,958 | 2,157 | 2,234 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | 20,145 | 18,939 | 28,256 | 26,163 | 25,243 | ||
| Deferred income tax liabilities | 21,514 | 21,521 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 276 | 12 | 13 | 13 | 26 | 27 | 142 | ||
| Other undisclosed noncurrent liabilities | 2,975 | ||||||||
| Total noncurrent liabilities: | 85,981 | 89,712 | 91,499 | 101,377 | 117,129 | 123,870 | 131,536 | ||
| Total liabilities: | 102,149 | 101,985 | 103,450 | 113,432 | 130,980 | 134,741 | 146,439 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 25,255 | 18,760 | 10,902 | 1,507 | (10,708) | (16,160) | (24,007) | ||
| Additional paid in capital | 4,463 | 4,275 | 4,213 | 4,285 | 4,186 | 3,881 | 3,519 | ||
| Retained earnings (accumulated deficit) | 20,758 | 14,451 | 6,655 | (2,812) | (14,927) | (20,073) | (27,557) | ||
| Other undisclosed stockholders' equity attributable to parent | 34 | 34 | 34 | 34 | 33 | 32 | 31 | ||
| Total stockholders' equity: | 25,255 | 18,760 | 10,902 | 1,507 | (10,708) | (16,160) | (24,007) | ||
| TOTAL LIABILITIES AND EQUITY: | 127,404 | 120,745 | 114,352 | 114,939 | 120,272 | 118,581 | 122,432 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 61,971 | 62,766 | 66,068 | 68,526 | 68,944 | 71,102 | 73,870 | |
| Cost of revenue (Cost of Goods and Services Sold) | (30,251) | (30,075) | (30,592) | |||||
| Gross profit: | 31,720 | 32,691 | 35,476 | 68,526 | 68,944 | 71,102 | 73,870 | |
| Operating expenses | (20,178) | (17,847) | (17,683) | (48,919) | (50,131) | (51,847) | (78,984) | |
| Other undisclosed operating income | 21,972 | |||||||
| Operating income: | 11,542 | 14,844 | 17,793 | 19,607 | 18,813 | 19,255 | 16,858 | |
| Nonoperating expense | (3,205) | (4,655) | (5,581) | (15,348) | (10,009) | (6,827) | (8,644) | |
| Other nonoperating income | 820 | 616 | 263 | 204 | 625 | 1,067 | 210 | |
| Interest and debt expense | (4,025) | (5,271) | (5,844) | (2,303) | (155) | (7,894) | (8,854) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 4,025 | 5,271 | 5,844 | 2,303 | 155 | 7,894 | 8,854 | |
| Income from continuing operations before income taxes: | 8,337 | 10,189 | 12,212 | 4,259 | 8,804 | 12,428 | 8,214 | |
| Income tax expense (benefit) | (2,030) | (2,393) | (2,745) | 7,856 | (3,658) | (4,944) | (3,185) | |
| Net income available to common stockholders, diluted: | 6,307 | 7,796 | 9,467 | 12,115 | 5,146 | 7,484 | 5,029 | |
Comprehensive Income ($ in thousands)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 6,307 | 7,796 | 9,467 | 12,115 | 5,146 | 7,484 | 5,029 | |
| Comprehensive income, net of tax, attributable to parent: | 6,307 | 7,796 | 9,467 | 12,115 | 5,146 | 7,484 | 5,029 | |
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.