Video Display Corp (VIDE) financial statements (2020 and earlier)

Company profile

Business Address 1868 TUCKER INDUSTRIAL DR
TUCKER, GA 30084
State of Incorp. GA
Fiscal Year End February 28
SIC 367 - Electronic Components And Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:734102615036362,6008,400
Cash and cash equivalents7341081135491622,299
Short-term investments  1803681452,5164,914
Other undisclosed cash, cash equivalents, and short-term investments     221,187
Restricted cash and investments      1,200
Receivables4551,7468552,9461,2722,2562,876
Inventory, net of allowances, customer advances and progress billings3,7833,4514,5845,8384,4767,0059,915
Inventory3,7833,4514,5845,8384,4767,0059,915
Disposal group, including discontinued operation    3,3612,831 
Income taxes receivable1,120
Deferred tax assets     242
Other undisclosed current assets4276856524610439(1,005)
Total current assets:4,7386,2925,7659,5339,84914,73122,748
Noncurrent Assets
Operating lease, right-of-use asset1,753
Property, plant and equipment1,2871,3211,4631,2811,2961,3711,561
Long-term investments and receivables191893985907281,0701,698
Accounts and financing receivable, after allowance for credit loss191893985907281,0701,698
Intangible assets, net (including goodwill)     559684
Intangible assets, net (excluding goodwill)     559684
Disposal group, including discontinued operation, noncurrent assets    4270
Other noncurrent assets252626292929
Deferred tax assets, net     760
Other undisclosed noncurrent assets  375    
Total noncurrent assets:3,0611,5152,2621,8972,0953,0994,732
TOTAL ASSETS:7,7997,8078,02711,43011,94417,83027,480
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0111,6862,2732,2411,3361,5251,871
Accounts payable1,6631,0081,0541,397720719946
Accrued liabilities348382877834616603925
Employee-related liabilities 296342  203 
Taxes payable   10   
Debt686235554525048
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 undisclosed current liabilities59736417641285(310) 
Total current liabilities:3,2942,9383,0033,1253,0532,5171,919
Noncurrent Liabilities
Long-term debt and lease obligation1,2281892377131183233
Long-term debt, excluding current maturities191892377131183233
Operating lease, liability1,209
Liabilities, other than long-term debt 1917180300420540
Deferred revenue and credits 180300420540
Other liabilities 1917    
Other undisclosed noncurrent liabilities  398590  554
Total noncurrent liabilities:1,2282084388474316031,327
Total liabilities:4,5223,1463,4413,9723,4843,1203,246
Stockholders' equity
Stockholders' equity attributable to parent3,2774,6614,5867,4588,46014,71024,234
Common stock7,2937,2937,2937,2937,2937,2937,293
Treasury stock, value(16,282)(16,282)(16,272)(16,268)(16,268)(16,152)(12,611)
Additional paid in capital279274256186182170160
Retained earnings11,98713,37613,30916,24717,25323,39929,392
Total stockholders' equity:3,2774,6614,5867,4588,46014,71024,234
TOTAL LIABILITIES AND EQUITY:7,7997,8078,02711,43011,94417,83027,480

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

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Revenues10,91415,02311,94419,63911,62212,81814,411
Revenue, net11,94419,63911,62212,81814,411
Cost of revenue
(Cost of Goods and Services Sold)
(8,657)(10,983)(11,354)(16,900)(11,042)(11,933)(17,389)
Other undisclosed gross profit     5001,900
Gross profit:2,2574,0405902,7395801,385(1,078)
Operating expenses(4,367)(4,489)(4,258)(4,259)(4,680)(4,904)(4,747)
Operating loss:(2,110)(449)(3,668)(1,520)(4,100)(3,519)(5,825)
Nonoperating income (expense)668516730533(2,574)(1,238)(121)
Investment income, nonoperating24217218(2,528)(2,034) 
Other nonoperating income (expense)668493733322140(1,253)593
Interest and debt expense      (714)
Other undisclosed income from continuing operations before equity method investments, income taxes      714
Income (loss) from continuing operations before income taxes:(1,442)67(2,938)(987)(6,674)(4,757)(5,946)
Income tax expense (benefit)   (19) (1,280)486
Income (loss) from continuing operations:(1,442)67(2,938)(1,006)(6,674)(6,037)(5,460)
Income from discontinued operations    528442,779
Net income (loss) available to common stockholders, diluted:(1,442)67(2,938)(1,006)(6,146)(5,993)(2,681)

Comprehensive Income ($ in thousands)

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Net income (loss):(1,442)67(2,938)(1,006)(6,146)(5,993)(2,681)
Comprehensive income (loss), net of tax, attributable to parent:(1,442)67(2,938)(1,006)(6,146)(5,993)(2,681)

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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