LIBERTY TAX INC (TAXA) financial statements (2021 and earlier)
Company profile
| Business Address |
1716 CORPORATE LANDING PARKWAY VIRGINIA BEACH, VA 23454 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 6794 - Patent Owners and Lessors (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 10/31/2019 TTM | 4/30/2019 | 4/30/2018 | 4/30/2017 | 4/30/2016 | 4/30/2015 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 23 | 19 | 16 | 10 | 21 | |||
| Cash and cash equivalents | 23 | 19 | 16 | 10 | 21 | |||
| Receivables | 59 | 67 | 74 | 72 | 66 | |||
| Deferred tax assets | ✕ | 7 | 3 | 7 | ||||
| Other current assets | 2 | 5 | 6 | 6 | 6 | |||
| Other undisclosed current assets | 9 | 9 | 12 | 10 | 5 | |||
| Total current assets: | 93 | 100 | 116 | 101 | 106 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 33 | 39 | 40 | 41 | 36 | |||
| Long-term investments and receivables | 7 | 6 | 24 | 21 | ||||
| Accounts and financing receivable, after allowance for credit loss | 7 | 6 | 24 | 21 | ||||
| Intangible assets, net (including goodwill), including: | 4 | 31 | 30 | 20 | 18 | |||
| Goodwill | 7 | 9 | 9 | 4 | 3 | |||
| Intangible assets, net (excluding goodwill) | 19 | 23 | 21 | 16 | 15 | |||
| Other undisclosed intangible assets, net (including goodwill) | (22) | |||||||
| Other noncurrent assets | 1 | 2 | 3 | 8 | 3 | |||
| Deferred tax assets, net | ✕ | 0 | 0 | |||||
| Other undisclosed noncurrent assets | 22 | 16 | ||||||
| Total noncurrent assets: | 67 | 78 | 89 | 92 | 78 | |||
| TOTAL ASSETS: | 160 | 178 | 204 | 193 | 184 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 14 | 15 | 13 | 12 | 17 | |||
| Taxes payable | 0 | 5 | 6 | 4 | 2 | |||
| Other undisclosed accounts payable and accrued liabilities | 13 | 10 | 7 | 8 | 15 | |||
| Debt | 13 | 18 | 8 | 6 | 4 | |||
| Deferred revenue and credits | ✕ | ✕ | 2 | 3 | 5 | 6 | ||
| Other undisclosed current liabilities | 21 | 22 | 30 | 29 | 26 | |||
| Total current liabilities: | 48 | 57 | 53 | 51 | 54 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 2 | 2 | 18 | 18 | 21 | |||
| Long-term debt, excluding current maturities | 2 | 2 | 18 | 18 | 21 | |||
| Liabilities, other than long-term debt | 1 | 6 | 6 | 7 | 8 | |||
| Deferred revenue and credits | ✕ | ✕ | 5 | 6 | 7 | 8 | ||
| Accounts payable and accrued liabilities | 1 | |||||||
| Deferred tax liabilities, net | ✕ | 1 | ||||||
| Other undisclosed noncurrent liabilities | 6 | 1 | 10 | 6 | 2 | |||
| Total noncurrent liabilities: | 8 | 9 | 35 | 31 | 31 | |||
| Total liabilities: | 56 | 67 | 88 | 82 | 85 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 104 | 112 | 116 | 112 | 99 | |||
| Additional paid in capital | 13 | 12 | 8 | 7 | 4 | |||
| Accumulated other comprehensive loss | (2) | (1) | (2) | (2) | (1) | |||
| Retained earnings | 93 | 101 | 110 | 106 | 95 | |||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | |||
| Total stockholders' equity: | 104 | 112 | 116 | 112 | 99 | |||
| TOTAL LIABILITIES AND EQUITY: | 160 | 178 | 204 | 193 | 184 | |||
Income statement (P&L) ($ in millions)
| 10/31/2019 TTM | 4/30/2019 | 4/30/2018 | 4/30/2017 | 4/30/2016 | 4/30/2015 | ||
|---|---|---|---|---|---|---|---|
| Revenue, net | ✕ | ✕ | 28 | 24 | 24 | 20 | |
| Gross profit: | 133 | 175 | 174 | 173 | 162 | ||
| Operating expenses | (133) | (167) | (151) | (141) | (147) | ||
| Operating income (loss): | (1) | 8 | 23 | 32 | 15 | ||
| Nonoperating income (expense) (Foreign Currency Transaction Gain (Loss), before Tax) | (0) | 0 | (0) | 0 | (0) | ||
| Interest and debt expense | (3) | (3) | (3) | (2) | (2) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (4) | 4 | 21 | 30 | 14 | ||
| Loss from equity method investments | (0) | ||||||
| Other undisclosed income from continuing operations before income taxes | 0 | 0 | |||||
| Income (loss) from continuing operations before income taxes: | (4) | 4 | 21 | 30 | 14 | ||
| Income tax expense (benefit) | 2 | (4) | (8) | (11) | (5) | ||
| Net income (loss) attributable to parent: | (2) | 0 | 13 | 19 | 9 | ||
| Other undisclosed net loss available to common stockholders, basic | (0) | (1) | (1) | (1) | |||
| Net income (loss) available to common stockholders, diluted: | (2) | 0 | 12 | 18 | 8 | ||
Comprehensive Income ($ in millions)
| 10/31/2019 TTM | 4/30/2019 | 4/30/2018 | 4/30/2017 | 4/30/2016 | 4/30/2015 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (2) | 0 | 13 | 19 | 9 | ||
| Other comprehensive loss | (0) | (0) | |||||
| Comprehensive income (loss): | (2) | 0 | 13 | 19 | 9 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | 1 | (0) | (1) | (1) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (3) | 1 | 13 | 18 | 8 | ||
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.