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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments00009178
Cash and cash equivalents00009178
Receivables78839488655860
Inventory, net of allowances, customer advances and progress billings52697272645472
Inventory52697272645472
Disposal group, including discontinued operation3      
Other undisclosed current assets1512644615
Total current assets:148164171165141135154
Noncurrent Assets
Operating lease, right-of-use asset1214
Property, plant and equipment13131514182021
Intangible assets, net (including goodwill)16111212121213
Goodwill  1212121212
Intangible assets, net (excluding goodwill)1611    1
Deferred income tax assets13
Other noncurrent assets5389333
Other undisclosed noncurrent assets  01  (1)
Total noncurrent assets:47453535333435
TOTAL ASSETS:195209206199174169190
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities74818079635068
Accounts payable66767367544252
Accrued liabilities 111229
Employee-related liabilities8468756
Taxes payable1012112
Deferred revenue 3
Debt 28140000
Deferred revenue and credits012 
Other undisclosed current liabilities6 211   
Total current liabilities:801139790645268
Noncurrent Liabilities
Long-term debt and lease obligation3611 0022
Long-term debt, excluding current maturities26  0022
Operating lease, liability1011
Liabilities, other than long-term debt11 1236
Deferred tax liabilities, net   03
Other liabilities11 1223
Other undisclosed noncurrent liabilities  1 0 68
Total noncurrent liabilities:3612112476
Total liabilities:11612598916657145
Stockholders' equity
Stockholders' equity attributable to parent7984109108108113113
Common stock0000000
Treasury stock, value(0)(58)(58)(58)(57)(57)(56)
Additional paid in capital67656361595857
Retained earnings1277104105106112113
Total stockholders' equity:7984109108108113113
Other undisclosed liabilities and equity      (68)
TOTAL LIABILITIES AND EQUITY:195209206199174169190

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues417540607580533531550
Revenue, net580533531550
Cost of revenue
(Cost of Goods and Services Sold)
(280)(448) (460)(422)(419)(432)
Other undisclosed gross profit(80) (485)   14
Gross profit:5892121120112112131
Operating expenses(104)(120)(113)(112)(109)(103)(232)
Other undisclosed operating income      116
Operating income (loss):(47)(28)883914
Other undisclosed loss from continuing operations before equity method investments, income taxes      (0)
Income (loss) from continuing operations before equity method investments, income taxes:(47)(28)883914
Other undisclosed loss from continuing operations before income taxes(1)(1)(1)(0)(0)(0) 
Income (loss) from continuing operations before income taxes:(47)(29)772914
Income tax expense (benefit)108(2)(2)(1)(4)(6)
Net income (loss):(37)(22)65159
Other undisclosed net income attributable to parent5      
Net income (loss) attributable to parent:(32)(22)65159
Other undisclosed net income (loss) available to common stockholders, basic  0(0)(0) (0)
Net income (loss) available to common stockholders, basic:(32)(22)65159
Dilutive securities, effect on basic earnings per share      0
Other undisclosed net income available to common stockholders, diluted      0
Net income (loss) available to common stockholders, diluted:(32)(22)65159

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):(37)(22)65159
Comprehensive income (loss), net of tax, attributable to parent:(37)(22)65159

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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