Skullcandy Inc (SKUL) financial statements (2022 and earlier)

Company profile

Business Address 1441 West Ute Blvd
PARK CITY, UT 84098
State of Incorp.
Fiscal Year End December 31
SIC 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,57336,63338,83519,345
Cash and cash equivalents23,03021,62338,83519,345
Short-term investments54315,010  
Receivables84,90974,35857,54976,307
Inventory, net of allowances, customer advances and progress billings41,68654,98140,28441,567
Inventory41,68654,98140,28441,567
Prepaid expense373260215
Prepaid expense and other current assets5,604
Deferred tax assets3,8232,868  
Other undisclosed current assets5,9923,9749,1432,943
Total current assets:160,356173,074146,026145,766
Noncurrent Assets
Property, plant and equipment14,83012,91110,02116,000
Intangible assets, net (including goodwill)21,30022,68124,84626,348
Goodwill13,86713,86713,86713,867
Intangible assets, net (excluding goodwill)7,4338,81410,97912,481
Deferred costs3141224161
Other noncurrent assets250  
Deferred tax assets, net 2,041986(2,219)
Other undisclosed noncurrent assets9231,418(986)2,219
Total noncurrent assets:37,33439,09235,09142,509
TOTAL ASSETS:197,690212,166181,117188,275
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities35,14766,43643,01152,412
Accounts payable13,21627,30916,56522,887
Accrued liabilities21,93129,16122,83821,047
Employee-related liabilities 7,4742,3902,416
Taxes payable 2,4921,2186,062
Deferred tax liabilities190184  
Other undisclosed current liabilities (9,966)(3,608)(8,478)
Total current liabilities:35,33756,65439,40343,934
Noncurrent Liabilities
Liabilities, other than long-term debt1,1481,418 2,219
Deferred tax liabilities, net1,1481,418 2,219
Other undisclosed noncurrent liabilities(31)(861)  
Total noncurrent liabilities:1,117557 2,219
Other undisclosed liabilities1,1481,418  
Total liabilities:37,60258,62939,40346,153
Stockholders' equity
Stockholders' equity attributable to parent160,088152,997141,148141,581
Common stock3333
Treasury stock, value(43,294)(43,294)(43,294)(43,294)
Additional paid in capital137,535136,132131,428128,676
Accumulated other comprehensive loss(818)(625)(171)(22)
Retained earnings66,66260,78153,18256,218
Stockholders' equity attributable to noncontrolling interest 540566541
Total stockholders' equity:160,088153,537141,714142,122
TOTAL LIABILITIES AND EQUITY:197,690212,166181,117188,275

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
266,316247,812210,092297,686
Cost of revenue
(Cost of Goods and Services Sold)
(156,441)(137,178)(116,958)(156,766)
Gross profit:109,875110,63493,134140,920
Operating expenses(100,903)(109,759)(111,056)(109,280)
Other undisclosed operating income 10,91212,9279,844
Operating income (loss):8,97211,787(4,995)41,484
Nonoperating expense
(Other Nonoperating expense)
(1,578)(1,560)(516)(453)
Interest and debt expense (131)(382)(641)
Other undisclosed income from continuing operations before equity method investments, income taxes2   
Income (loss) from continuing operations before income taxes:7,39610,096(5,893)40,390
Income tax expense (benefit)(2,103)(2,523)2,882(14,574)
Net income (loss):5,2937,573(3,011)25,816
Net income (loss) attributable to noncontrolling interest58826(25)63
Net income (loss) available to common stockholders, diluted:5,8817,599(3,036)25,879

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):5,2937,573(3,011)25,816
Other comprehensive income1   
Other undisclosed comprehensive loss(194)(454)(149)(140)
Comprehensive income (loss):5,1007,119(3,160)25,676
Comprehensive income (loss), net of tax, attributable to noncontrolling interest588(26)25(63)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 52(50)126
Comprehensive income (loss), net of tax, attributable to parent:5,6887,145(3,185)25,739

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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