VOXX International Corporation (VOXX) financial statements (2021 and earlier)

Company profile

Business Address 180 MARCUS BLVD
HAUPPAUGE, NY 11788
State of Incorp. DE
Fiscal Year End February 29
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)

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 investments234058558129
Cash and cash equivalents213758528128
Short-term investments22 4  0
Receivables1567074829289105
Inventory, net of allowances, customer advances and progress billings13999102118153144157
Inventory13999102118153144157
Other undisclosed current assets1791111202032
Total current assets:334218246266273264302
Noncurrent Assets
Operating lease, right-of-use asset53
Property, plant and equipment52516065827970
Long-term investments and receivables2424315101012
Long-term investments242434101012
Accounts and financing receivable, after allowance for credit loss   11   
Intangible assets, net (including goodwill)152143174205280289264
Goodwill59555555103104106
Intangible assets, net (excluding goodwill)9388119150176185158
Deferred costs  34445
Deferred income tax assets00
Other noncurrent assets12313257
Other undisclosed noncurrent assets  197181818
Total noncurrent assets:234224262310395406376
TOTAL ASSETS:568442509576668670678
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1113646517772120
Accounts payable80223135615671
Accrued liabilities28121414131221
Employee-related liabilities      24
Taxes payable3213343
Deferred revenue3 
Debt111081096
Deferred compensation liability      0
Deferred tax liabilities    1
Other liabilities56343936425152
Other undisclosed current liabilities      (31)
Total current liabilities:171719595130132147
Noncurrent Liabilities
Long-term debt and lease obligation113111039280
Long-term debt, excluding current maturities7   1019179
Finance lease, liability01
Capital lease obligations11111
Operating lease, liability42
Liabilities, other than long-term debt18111221444657
Deferred revenue1 
Deferred compensation liability, classified2233   
Deferred tax liabilities, net512303034
Deferred income tax liabilities84
Liability for uncertainty in income taxes1112355
Liability, pension and other postretirement and postemployment benefits      8
Other liabilities6333101010
Other undisclosed noncurrent liabilities(1)66814(3)
Total noncurrent liabilities:28201830147142134
Total liabilities:19991114126277274281
Temporary equity, carrying amount32     
Stockholders' equity
Stockholders' equity attributable to parent, including:397376408456390387396
Treasury stock, value(24)(24)(21)(21)(21)(21)(21)
Additional paid in capital300299297296295294292
Accumulated other comprehensive loss(16)(19)(17)(14)(44)(41)(33)
Retained earnings139122149195159155158
Other undisclosed stockholders' equity attributable to parent(3)(2)00  0
Stockholders' equity attributable to noncontrolling interest(30)(28)(13)(6)19 
Other undisclosed stockholders' equity    00 
Total stockholders' equity:367348395450391396396
TOTAL LIABILITIES AND EQUITY:568442509576668670678

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

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
Revenues457395447507681681757
Revenue, net507681681757
Cost of revenue
(Cost of Goods and Services Sold)
(328)(285)(325)(375)(480)(485)(554)
Other undisclosed gross profit      20
Gross profit:128110121132202196224
Operating expenses(148)(159)(163)(151)(202)(207)(207)
Operating income (loss):(19)(49)(41)(19)(0)(12)17
Nonoperating income (expense)33(18)(5)(1)41
Investment income, nonoperating00  151
Loss on contract termination      (1)
Foreign currency transaction gain (loss), before tax00  (1)0 
Other nonoperating income (expense)221(8)(1)11
Interest and debt expense(3)(4)(4)(6)(7)(8)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  4678(13)
Income (loss) from continuing operations before equity method investments, income taxes:(19)(50)(59)(24)(1)(8)1
Income from equity method investments10577776
Other undisclosed income (loss) from continuing operations before income taxes14(7)(7)(7)(7)(6)
Income (loss) from continuing operations before income taxes:(8)(41)(59)(24)(1)(8)1
Income tax expense (benefit)(4)(1)617(2)2(2)
Loss from continuing operations:(12)(42)(53)(7)(3)(6)(1)
Income from discontinued operations   35   
Net income (loss):(12)(42)(53)28(3)(6)(1)
Net income attributable to noncontrolling interest13157783 
Net income (loss) available to common stockholders, basic:0(26)(46)354(3)(1)
Dilutive securities, effect on basic earnings per share   00  
Net income (loss) available to common stockholders, diluted:0(26)(46)365(3)(1)

Comprehensive Income ($ in millions)

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):(12)(42)(53)28(3)(6)(1)
Other comprehensive income (loss)4(2)(3)30(3)(7)(31)
Comprehensive income (loss):(9)(44)(56)58(6)(14)(32)
Comprehensive income, net of tax, attributable to noncontrolling interest13157783 
Comprehensive income (loss), net of tax, attributable to parent:4(29)(49)651(10)(32)

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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