Richardson Electronics, Ltd. (RELL) financial statements (2023 and earlier)

Company profile

Business Address 40W267 KESLINGER RD
LAFOX, IL 60147
State of Incorp. DE
Fiscal Year End May 31
SIC 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39,66543,31646,53550,01960,46561,75662,722
Cash and cash equivalents39,66543,31630,53542,01960,46555,32760,454
Short-term investments  16,0008,000 6,4292,268
Receivables27,48925,09620,19724,29622,89220,78224,945
Inventory, net of allowances, customer advances and progress billings70,74163,50857,49253,23250,72042,74945,422
Inventory70,74163,50857,49253,23250,72042,74945,422
Other current assets 1,918     
Other undisclosed current assets3,3804672,4423,0673,7473,0702,836
Total current assets:141,275134,305126,666130,614137,824128,357135,925
Noncurrent Assets
Finance lease, right-of-use asset262308401
Operating lease, right-of-use asset3,5792,2623,018
Property, plant and equipment17,09117,06717,67419,11118,23215,81312,986
Long-term investments and receivables     2,4197,799
Long-term investments     2,4197,799
Intangible assets, net (including goodwill)2,1392,2702,5052,7639,3469,77310,150
Goodwill    6,3326,3326,332
Intangible assets, net (excluding goodwill)2,1392,2702,5052,7633,0143,4413,818
Deferred income tax assets503541456
Other noncurrent assets   5299271,1021,270
Total noncurrent assets:23,57422,44824,05422,40328,50529,10732,205
TOTAL ASSETS:164,849156,753150,720153,017166,329157,464168,130
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,28231,16127,69628,21629,94624,24424,031
Accounts payable18,87116,97917,37216,94319,60315,93314,896
Accrued liabilities15,41114,18210,32411,27310,3438,3119,135
Debt601481,485    
Other undisclosed current liabilities1,192918     
Total current liabilities:35,53432,22729,18128,21629,94624,24424,031
Noncurrent Liabilities
Long-term debt and lease obligation2,3881,3581,941    
Finance lease, liability  163
Operating lease, liability2,3881,3581,778
Liabilities, other than long-term debt1,5141,6089381,0441,2028932,424
Accounts payable and accrued liabilities2352421612122811581,457
Other liabilities1,2791,366777832921735967
Total noncurrent liabilities:3,9022,9662,8791,0441,2028932,424
Total liabilities:39,43635,19332,06029,26031,14825,13726,455
Stockholders' equity
Stockholders' equity attributable to parent, including:125,413121,560118,660123,757135,181132,327141,675
Additional paid in capital63,79462,70761,74961,01260,06159,43658,969
Accumulated other comprehensive income2,4714,8931,4902,3904,3662,9162,772
Retained earnings58,47653,29754,76459,70370,10769,33379,292
Other undisclosed stockholders' equity attributable to parent672663657652647642642
Total stockholders' equity:125,413121,560118,660123,757135,181132,327141,675
TOTAL LIABILITIES AND EQUITY:164,849156,753150,720153,017166,329157,464168,130

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

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Revenues203,390176,937155,898166,652163,212136,872142,016
Revenue, net163,212136,872142,016
Cost of revenue(137,313)(118,112)(106,225)(114,917)(108,130)(92,989)(97,181)
Gross profit:66,07758,82549,67351,73555,08243,88344,835
Operating expenses(56,075)(55,938)(51,330)(58,511)(51,453)(49,854)(51,388)
Other undisclosed operating income (loss)(2)    209 
Operating income (loss):10,0002,887(1,657)(6,776)3,629(5,762)(6,553)
Nonoperating income (expense)63(579)443465231(354)333
Investment income, nonoperating4076377540432234562
Foreign currency transaction gain (loss), before tax(58)(759)15(84)(224)(612)(212)
Other nonoperating income (expense)(3)1045192324(17)
Interest and debt expense(7)(11)(22)    
Other undisclosed income from continuing operations before equity method investments, income taxes111122    
Income (loss) from continuing operations before equity method investments, income taxes:10,0672,308(1,214)(6,311)3,860(6,116)(6,220)
Other undisclosed loss from continuing operations before income taxes(4)      
Income (loss) from continuing operations before income taxes:10,0632,308(1,214)(6,311)3,860(6,116)(6,220)
Income tax expense(1,193)(653)(624)(1,017)(1,534)(812)(546)
Income (loss) from continuing operations:8,8701,655(1,838)(7,328)2,326(6,928)(6,766)
Income from discontinued operations    1,496  
Net income (loss) available to common stockholders, diluted:8,8701,655(1,838)(7,328)3,822(6,928)(6,766)

Comprehensive Income ($ in thousands)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Net income (loss):8,8701,655(1,838)(7,328)3,822(6,928)(6,766)
Comprehensive income (loss):8,8701,655(1,838)(7,328)3,822(6,928)(6,766)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,632)3,403(900)(1,976)1,450144(803)
Comprehensive income (loss), net of tax, attributable to parent:7,2385,058(2,738)(9,304)5,272(6,784)(7,569)

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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