Video Display Corp (VIDE) financial statements (2021 and earlier)

Company profile

Business Address 1868 TUCKER INDUSTRIAL DR
TUCKER, GA 30084
State of Incorp. GA
Fiscal Year End February 29
SIC 367 - Electronic Components And Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:3428444102615036362,600
Cash and cash equivalents3428444108113549162
Short-term investments   1803681452,516
Other undisclosed cash, cash equivalents, and short-term investments      22
Receivables1,2341,3051,7468552,9461,2722,256
Inventory, net of allowances, customer advances and progress billings5,2484,4803,4514,5845,8384,4767,005
Inventory5,2484,4803,4514,5845,8384,4767,005
Contract with customer, asset904  
Disposal group, including discontinued operation     3,3612,831
Other undisclosed current assets2386006856524610439
Total current assets:7,9667,2296,2925,7659,5339,84914,731
Noncurrent Assets
Operating lease, right-of-use asset1,2561,631
Property, plant and equipment1,1111,2701,3211,4631,2811,2961,371
Long-term investments and receivables  1893985907281,070
Accounts and financing receivable, after allowance for credit loss  1893985907281,070
Intangible assets, net (including goodwill)280387    559
Intangible assets, net (excluding goodwill)280387    559
Disposal group, including discontinued operation, noncurrent assets     4270
Other noncurrent assets22526262929
Other undisclosed noncurrent assets   375   
Total noncurrent assets:2,6493,2901,5152,2621,8972,0953,099
TOTAL ASSETS:10,61510,5197,8078,02711,43011,94417,830
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8602,0491,6862,2732,2411,3361,525
Accounts payable1,2071,2561,0081,0541,397720719
Accrued liabilities653499382877834616603
Employee-related liabilities 238296342  203
Taxes payable 56  10  
Deferred revenue1,7422,338
Debt2175572355545250
Disposal group, including discontinued operation     1,4201,145
Deferred revenue and credits60   
Billings in excess of cost  160 
Customer advances and deposits439418 107
Contract with customer, liability865
Other liabilities27      
Other undisclosed current liabilities1,3761,02236417641285(310)
Total current liabilities:5,2225,9662,9383,0033,1253,0532,517
Noncurrent Liabilities
Long-term debt and lease obligation8421,0911892377131183
Long-term debt, excluding current maturities  1892377131183
Finance lease, liability160 
Operating lease, liability6821,091
Liabilities, other than long-term debt  1917180300420
Deferred revenue and credits 180300420
Other liabilities  1917   
Other undisclosed noncurrent liabilities(465)  398590  
Total noncurrent liabilities:1,0591,091208438847431603
Total liabilities:6,2817,0573,1463,4413,9723,4843,120
Stockholders' equity
Stockholders' equity attributable to parent4,3343,4624,6614,5867,4588,46014,710
Common stock7,2937,2937,2937,2937,2937,2937,293
Treasury stock, value(16,282)(16,282)(16,282)(16,272)(16,268)(16,268)(16,152)
Additional paid in capital281281274256186182170
Retained earnings13,04212,17013,37613,30916,24717,25323,399
Total stockholders' equity:4,3343,4624,6614,5867,4588,46014,710
TOTAL LIABILITIES AND EQUITY:10,61510,5197,8078,02711,43011,94417,830

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

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
Revenues7,94310,59715,02311,94419,63911,62212,818
Revenue, net11,94419,63911,62212,818
Cost of revenue
(Cost of Goods and Services Sold)
(6,426)(8,220)(10,983)(11,354)(16,900)(11,042)(11,933)
Other undisclosed gross profit      500
Gross profit:1,5172,3774,0405902,7395801,385
Operating expenses(4,598)(4,260)(4,489)(4,258)(4,259)(4,680)(4,904)
Operating loss:(3,081)(1,883)(449)(3,668)(1,520)(4,100)(3,519)
Nonoperating income (expense)2,626677516730533(2,574)(1,238)
Investment income, nonoperating(35)124217218(2,528)(2,034)
Other nonoperating income (expense)2,686673493733322140(1,253)
Interest and debt expense216      
Income (loss) from continuing operations before equity method investments, income taxes:(239)(1,206)67(2,938)(987)(6,674)(4,757)
Other undisclosed loss from continuing operations before income taxes(216)      
Income (loss) from continuing operations before income taxes:(455)(1,206)67(2,938)(987)(6,674)(4,757)
Income tax expense    (19) (1,280)
Income (loss) from continuing operations:(455)(1,206)67(2,938)(1,006)(6,674)(6,037)
Income from discontinued operations     52844
Net income (loss) available to common stockholders, diluted:(455)(1,206)67(2,938)(1,006)(6,146)(5,993)

Comprehensive Income ($ in thousands)

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
Net income (loss):(455)(1,206)67(2,938)(1,006)(6,146)(5,993)
Comprehensive income (loss), net of tax, attributable to parent:(455)(1,206)67(2,938)(1,006)(6,146)(5,993)

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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