VOXX International Corporation (VOXX) financial statements (2020 and earlier)

Company profile

Business Address 180 MARCUS BLVD
HAUPPAUGE, NY 11788
State of Incorp. DE
Fiscal Year End February 28
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)

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments355855812 
Cash and cash equivalents325852812 
Short-term investments3 4   
Receivables9474829289 
Inventory, net of allowances, customer advances and progress billings111102118153144 
Inventory111102118153144 
Other undisclosed current assets911112020 
Total current assets:248246266273264 
Noncurrent Assets
Operating lease, right-of-use asset3
Property, plant and equipment5160658279 
Long-term investments and receivables243151010 
Long-term investments24341010 
Accounts and financing receivable, after allowance for credit loss  11   
Intangible assets, net (including goodwill)169174205280289 
Goodwill555555103104 
Intangible assets, net (excluding goodwill)114119150176185 
Deferred costs 3444 
Other noncurrent assets231325 
Other undisclosed noncurrent assets01971818 
Total noncurrent assets:249262310395406 
TOTAL ASSETS:497509576668670 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5346517772 
Accounts payable3431356156 
Accrued liabilities1714141312 
Taxes payable21334 
Debt1108109 
Other liabilities3739364251 
Total current liabilities:929595130132 
Noncurrent Liabilities
Long-term debt and lease obligation101110392 
Long-term debt, excluding current maturities7  10191 
Finance lease, liability1
Capital lease obligations1111 
Operating lease, liability2
Liabilities, other than long-term debt612214446 
Deferred compensation liability, classified333   
Deferred tax liabilities, net5123030 
Liability for uncertainty in income taxes11235 
Other liabilities2331010 
Other undisclosed noncurrent liabilities46814 
Total noncurrent liabilities:201830147142 
Total liabilities:112114126277274 
Temporary equity, carrying amount2     
Stockholders' equity
Stockholders' equity attributable to parent, including:399408456390387 
Treasury stock, value(23)(21)(21)(21)(21) 
Additional paid in capital299297296295294 
Accumulated other comprehensive loss(19)(17)(14)(44)(41) 
Retained earnings144149195159155 
Other undisclosed stockholders' equity attributable to parent(2)00   
Stockholders' equity attributable to noncontrolling interest(16)(13)(6)19 
Other undisclosed stockholders' equity   00 
Total stockholders' equity:383395450391396 
TOTAL LIABILITIES AND EQUITY:497509576668670 

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

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
Revenues401447507681681 
Revenue, net507681681 
Cost of revenue
(Cost of Goods and Services Sold)
(296)(325)(375)(480)(485) 
Gross profit:105121132202196 
Operating expenses(150)(163)(151)(202)(207) 
Operating loss:(45)(41)(19)(0)(12) 
Nonoperating income (expense)(16)(18)(5)(1)4 
Investment income, nonoperating   15 
Foreign currency transaction gain (loss), before tax   (1)0 
Other nonoperating income (expense)21(8)(1)1 
Interest and debt expense(4)(4)(6)(7)(8) 
Other undisclosed income from continuing operations before equity method investments, income taxes44678 
Loss from continuing operations before equity method investments, income taxes:(60)(59)(24)(1)(8) 
Income from equity method investments107777 
Other undisclosed loss from continuing operations before income taxes(5)(7)(7)(7)(7) 
Loss from continuing operations before income taxes:(55)(59)(24)(1)(8) 
Income tax expense (benefit)8617(2)2 
Loss from continuing operations:(47)(53)(7)(3)(6) 
Income from discontinued operations  35   
Net income (loss):(47)(53)28(3)(6) 
Net income attributable to noncontrolling interest57783 
Net income (loss) available to common stockholders, basic:(41)(46)354(3) 
Dilutive securities, effect on basic earnings per share  00  
Net income (loss) available to common stockholders, diluted:(41)(46)365(3) 

Comprehensive Income ($ in millions)

11/30/2019
TTM
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
Net income (loss):(47)(53)28(3)(6) 
Other comprehensive income (loss)(2)(3)30(3)(7) 
Comprehensive income (loss):(48)(56)58(6)(14) 
Comprehensive income, net of tax, attributable to noncontrolling interest57783 
Comprehensive income (loss), net of tax, attributable to parent:(43)(49)651(10) 

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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