Resources Connection, Inc. (RECN) financial statements (2020 and earlier)

Company profile

Business Address 17101 ARMSTRONG AVENUE
IRVINE, CA 92614
State of Incorp. DE
Fiscal Year End May 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43495662116112114
Cash and cash equivalents43435662918780
Short-term investments 6  252534
Receivables139136131100989790
Other undisclosed current assets8774131313
Total current assets:189192195167227222217
Noncurrent Assets
Property, plant and equipment25272223212223
Intangible assets, net (including goodwill)236205210171171171176
Goodwill213191192171171171175
Intangible assets, net (excluding goodwill)231519  01
Other noncurrent assets4322222
Other undisclosed noncurrent assets4213110(2)
Total noncurrent assets:307237238197195195200
Other undisclosed assets      3
TOTAL ASSETS:496428433364422417420
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20222314141314
Employee-related liabilities52595849504946
Interest and dividends payable 4434  
Other undisclosed accounts payable and accrued liabilities(32)(41)(39)(38)(40)(35)(32)
Business combination, contingent consideration, liability3     
Other liabilities1511138778
Other undisclosed current liabilities60595849504946
Total current liabilities:98919572716967
Noncurrent Liabilities
Long-term debt and lease obligation54436348   
Long-term debt, excluding current maturities54436348   
Liabilities, other than long-term debt71266987
Deferred tax liabilities, net5 15  
Other liabilities4665487
Business combination, contingent consideration, liability3     
Other undisclosed noncurrent liabilities37      
Total noncurrent liabilities:98556954987
Total liabilities:196146164126807774
Stockholders' equity
Stockholders' equity attributable to parent300282269238343340346
Common stock1111111
Treasury stock, value(516)(516)(487)(482)(364)(337)(312)
Additional paid in capital470460430399389374360
Accumulated other comprehensive loss(13)(13)(10)(11)(11)(11)(3)
Retained earnings359350336332328313299
Total stockholders' equity:300282269238343340346
TOTAL LIABILITIES AND EQUITY:496428433364422417420

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

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
Revenues718729654583599601576
Revenue, net654583599601576
Cost of revenue
(Cost of Goods and Services Sold)
(436)(447)(408)(362)(366)(362)(351)
Other undisclosed gross profit     (11)(9)
Gross profit:283282246221232228216
Operating expenses(228)(224)(209)(183)(175)(178)(178)
Other undisclosed operating income (loss)(5)(8)(6)(3)(4)00
Operating income:50503134545038
Nonoperating income1 00000
Investment income, nonoperating0 00000
Other nonoperating income1      
Interest and debt expense(2)(2)(2)(1)   
Other undisclosed loss from continuing operations before equity method investments, income taxes(0)      
Income from continuing operations before income taxes:48482934545038
Income tax expense(16)(16)(10)(15)(24)(23)(18)
Net income available to common stockholders, diluted:32311919302820

Comprehensive Income ($ in millions)

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
Net income:32311919302820
Comprehensive income:32311919302820
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(2)1(1)0(8)1
Comprehensive income, net of tax, attributable to parent:32292018311921

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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