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 2319161021
Cash and cash equivalents 2319161021
Receivables 5967747266
Deferred tax assets  737
Other current assets 25666
Other undisclosed current assets 9912105
Total current assets: 93100116101106
Noncurrent Assets
Property, plant and equipment 3339404136
Long-term investments and receivables 76 2421
Accounts and financing receivable, after allowance for credit loss 76 2421
Intangible assets, net (including goodwill), including: 431302018
Goodwill 79943
Intangible assets, net (excluding goodwill) 1923211615
Other undisclosed intangible assets, net (including goodwill) (22)    
Other noncurrent assets 12383
Deferred tax assets, net00   
Other undisclosed noncurrent assets 22 16  
Total noncurrent assets: 6778899278
TOTAL ASSETS: 160178204193184
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1415131217
Taxes payable 05642
Other undisclosed accounts payable and accrued liabilities 13107815
Debt 1318864
Deferred revenue and credits2356
Other undisclosed current liabilities 2122302926
Total current liabilities: 4857535154
Noncurrent Liabilities
Long-term debt and lease obligation 22181821
Long-term debt, excluding current maturities 22181821
Liabilities, other than long-term debt 16678
Deferred revenue and credits5678
Accounts payable and accrued liabilities  1   
Deferred tax liabilities, net1    
Other undisclosed noncurrent liabilities 611062
Total noncurrent liabilities: 89353131
Total liabilities: 5667888285
Stockholders' equity
Stockholders' equity attributable to parent, including: 10411211611299
Additional paid in capital 1312874
Accumulated other comprehensive loss (2)(1)(2)(2)(1)
Retained earnings 9310111010695
Other undisclosed stockholders' equity attributable to parent 00000
Total stockholders' equity: 10411211611299
TOTAL LIABILITIES AND EQUITY: 160178204193184

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, net28242420
Gross profit: 133175174173162
Operating expenses (133)(167)(151)(141)(147)
Operating income (loss): (1)8233215
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)4213014
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)4213014
Income tax expense (benefit) 2(4)(8)(11)(5)
Net income (loss) attributable to parent: (2)013199
Other undisclosed net loss available to common stockholders, basic  (0)(1)(1)(1)
Net income (loss) available to common stockholders, diluted: (2)012188

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)013199
Other comprehensive loss   (0)(0) 
Comprehensive income (loss): (2)013199
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)113188

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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