Resources Connection, Inc. (RECN) financial statements (2021 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)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9796495662116112
Cash and cash equivalents97964356629187
Short-term investments  6  2525
Receivables1141291361311009897
Other undisclosed current assets767741313
Total current assets:219231192195167227222
Noncurrent Assets
Operating lease, right-of-use asset3034
Property, plant and equipment22242722232122
Intangible assets, net (including goodwill)237234205210171171171
Goodwill216214191192171171171
Intangible assets, net (excluding goodwill)21201519  0
Deferred income tax assets22
Other noncurrent assets2532222
Other undisclosed noncurrent assets  13110
Total noncurrent assets:293298237238197195195
TOTAL ASSETS:512529428433364422417
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20162223141413
Employee-related liabilities47525958495049
Interest and dividends payable 54434 
Other undisclosed accounts payable and accrued liabilities(26)(41)(41)(39)(38)(40)(35)
Debt 11     
Other liabilities14151113877
Other undisclosed current liabilities58525958495049
Total current liabilities:92959195727169
Noncurrent Liabilities
Long-term debt and lease obligation94119436348  
Long-term debt, excluding current maturities6888436348  
Operating lease, liability2631
Liabilities, other than long-term debt1912126698
Deferred tax liabilities, net5 15 
Deferred income tax liabilities66
Other liabilities13666548
Total noncurrent liabilities:11313155695498
Total liabilities:2052261461641268077
Stockholders' equity
Stockholders' equity attributable to parent307304282269238343340
Common stock1111111
Treasury stock, value(521)(521)(516)(487)(482)(364)(337)
Additional paid in capital483477460430399389374
Accumulated other comprehensive loss(9)(14)(13)(10)(11)(11)(11)
Retained earnings353361350336332328313
Total stockholders' equity:307304282269238343340
TOTAL LIABILITIES AND EQUITY:512529428433364422417

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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues647703729654583599601
Revenue, net654583599601
Cost of revenue
(Cost of Goods and Services Sold)
(398)(428)(447)(408)(362)(366)(362)
Other undisclosed gross profit      (11)
Gross profit:250275282246221232228
Operating expenses(228)(228)(224)(209)(183)(175)(178)
Other undisclosed operating income (loss)(5)(11)(8)(6)(3)(4)0
Operating income:16375031345450
Nonoperating income11 0000
Investment income, nonoperating   0000
Other nonoperating income11     
Interest and debt expense(2)(2)(2)(2)(1)  
Income from continuing operations before income taxes:15354829345450
Income tax expense(3)(7)(16)(10)(15)(24)(23)
Net income available to common stockholders, diluted:12283119193028

Comprehensive Income ($ in millions)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net income:12283119193028
Comprehensive income:12283119193028
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5(1)(2)1(1)0(8)
Comprehensive income, net of tax, attributable to parent:17272920183119

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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