Park Electrochemical Corporation (PKE) financial statements (2020 and earlier)

Company profile

Business Address 48 S. SERVICE ROAD
MELVILLE, NY 11747
State of Incorp. NY
Fiscal Year End February 28
SIC 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments144152108239237272270
Cash and cash equivalents7711810298142133
Short-term investments1378190136140131137
Receivables1092017232123
Inventory, net of allowances, customer advances and progress billings451111101414
Inventory451111101414
Other undisclosed current assets2222254
Total current assets:160168141269272313311
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment14111719222730
Intangible assets, net (including goodwill)10101010101010
Goodwill 101010101010
Intangible assets, net (excluding goodwill) 000000
Other undisclosed intangible assets, net (including goodwill)10     
Restricted cash and investments   1010 25
Other noncurrent assets0011111
Total noncurrent assets:25212839433766
TOTAL ASSETS:185189169309315351377
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6111211141814
Accounts payable2344676
Accrued liabilities2353555
Employee-related liabilities     3 
Taxes payable2533343
Debt0  431010
Restructuring reserve     0
Deferred tax liabilities    4 
Other undisclosed current liabilities     (3) 
Total current liabilities:6111214173024
Noncurrent Liabilities
Long-term debt and lease obligation0  69728494
Long-term debt, excluding current maturities   69728494
Operating lease, liability0
Liabilities, other than long-term debt17192243455558
Accounts payable and accrued liabilities161820    
Deferred tax liabilities, net 142445458
Other liabilities1111110
Other undisclosed noncurrent liabilities0      
Total noncurrent liabilities:171922112117139152
Total liabilities:233034126134169177
Stockholders' equity
Stockholders' equity attributable to parent161159135183181182201
Common stock2222222
Treasury stock, value(9)(10)(15)(15)(15)(3)(0)
Additional paid in capital170169169168166165162
Accumulated other comprehensive income (loss)0(0)01111
Retained earnings (accumulated deficit)(2)(3)(21)27261636
Total stockholders' equity:161159135183181182201
TOTAL LIABILITIES AND EQUITY:185189169309315351377

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

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Revenues6151111115146162166
Revenue, net 115146162166
Cost of revenue(42)(35)(85)(85)(103)(117)(121)
Cost of goods and services sold(42)(35) (85)(103)(117)(121)
Other undisclosed gross profit     34
Gross profit:20162630434948
Operating expenses(9)(9)(24)(20)(22)(26)(26)
Other undisclosed operating income (loss)     0(0)
Operating income:117210212322
Nonoperating income
(Investment Income, Nonoperating)
     0 
Interest and debt expense  (2)(1)(2)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes1112110
Income from continuing operations before equity method investments, income taxes:128110202322
Other undisclosed income from continuing operations before income taxes2      
Income from continuing operations before income taxes:138110202322
Income tax expense (benefit)(4)(2)19(1)(2)(3)(64)
Income (loss) from continuing operations:962191820(42)
Income (loss) from discontinued operations(0)107     
Other undisclosed income before gain (loss) on sale of properties107      
Net income (loss):1161142191820(42)
Other undisclosed net loss attributable to parent(5)      
Net income (loss) available to common stockholders, diluted:1111142191820(42)

Comprehensive Income ($ in millions)

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Net income (loss):1161142191820(42)
Other comprehensive income (loss)   (0)001
Comprehensive income (loss):1161142191820(42)
Other undisclosed comprehensive loss, net of tax, attributable to parent(5)(0)(1)    
Comprehensive income (loss), net of tax, attributable to parent:1111132091820(42)

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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