TESSCO Technologies Incorporated (TESS) financial statements (2021 and earlier)

Company profile

Business Address 11126 MCCORMICK ROAD
HUNT VALLEY, MD 21031
State of Incorp. DE
Fiscal Year End March 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 millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments000917811
Cash and cash equivalents000917811
Receivables83948865586067
Inventory, net of allowances, customer advances and progress billings71727264547262
Inventory71727264547262
Prepaid expense and other current assets2
Other undisclosed current assets76446157
Total current assets:160171165141135154150
Noncurrent Assets
Operating lease, right-of-use asset15
Property, plant and equipment14151418202123
Intangible assets, net (including goodwill)18121212121312
Goodwill9121212121212
Intangible assets, net (excluding goodwill)9    1 
Deferred income tax assets2
Other noncurrent assets289333 
Prepaid expense and other noncurrent assets2
Other undisclosed noncurrent assets 01  (1) 
Total noncurrent assets:51353533343537
TOTAL ASSETS:212206199174169190187
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities66807963506810
Accounts payable617367544252 
Accrued liabilities 11229 
Employee-related liabilities5687568
Taxes payable0121122
Debt321400000
Deferred revenue and credits012  
Other undisclosed current liabilities3211   52
Total current liabilities:101979064526862
Noncurrent Liabilities
Long-term debt and lease obligation13 00222
Long-term debt, excluding current maturities1 00222
Operating lease, liability12
Liabilities, other than long-term debt  12368
Deferred tax liabilities, net   034
Other liabilities  12234
Other undisclosed noncurrent liabilities 1 0 6862
Total noncurrent liabilities:1311247672
Total liabilities:11498916657145134
Stockholders' equity
Stockholders' equity attributable to parent97109108108113113115
Common stock0000000
Treasury stock, value(58)(58)(58)(57)(57)(56)(50)
Additional paid in capital65636159585754
Retained earnings91104105106112113111
Total stockholders' equity:97109108108113113115
Other undisclosed liabilities and equity     (68)(62)
TOTAL LIABILITIES AND EQUITY:212206199174169190187

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues557607580533531550560
Revenue, net580533531550560
Cost of revenue
(Cost of Goods and Services Sold)
(337) (460)(422)(419)(432)(493)
Other undisclosed gross profit(117)(485)   1471
Gross profit:103121120112112131138
Operating expenses(111)(113)(112)(109)(103)(232)(13)
Other undisclosed operating income (loss)     116(98)
Operating income (loss):(8)88391426
Other undisclosed loss from continuing operations before equity method investments, income taxes     (0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(8)88391426
Other undisclosed loss from continuing operations before income taxes(1)(1)(0)(0)(0)  
Income (loss) from continuing operations before income taxes:(9)77291426
Income tax expense (benefit)2(2)(2)(1)(4)(6)(10)
Net income (loss) attributable to parent:(7)6515916
Other undisclosed net income (loss) available to common stockholders, basic00(0)(0) (0)(0)
Net income (loss) available to common stockholders, basic:(7)6515916
Dilutive securities, effect on basic earnings per share     0 
Other undisclosed net income available to common stockholders, diluted     00
Net income (loss) available to common stockholders, diluted:(7)6515916

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):(7)6515916
Comprehensive income (loss), net of tax, attributable to parent:(7)6515916

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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