CULP INC CULP Balance Sheet

Culp inc (CULP)

Balance Sheet / Yearly

Feb'20	Nov'19	Aug'19	Apr'19	Jan'19	Oct'18	Oct'18	Jul'18	Jul'18	Apr'18	Apr'18	Jan'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10
Current assets:
Cash and cash equivalents
21,872	47,183	44,236	40,008	26,418	14,768	14,768	8,593	8,593	21,228	21,228	22,428	22,428	15,739	18,322	20,795	15,659	13,910	45,549	37,787	31,713	31,176	25,933	29,725	28,772	28,953	24,665	29,303	23,293	24,267	21,423	23,530	19,489	23,464	21,889	25,023	15,096	13,795	14,570	23,181	17,259	15,262	14,045
Short-term investments - Available for Sale
-	-	-	-	-	-	-	-	-	-	-	2,472	-	-	-	2,443	2,410	2,430	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term investments - Held-To-Maturity
3,171	-	-	5,001	13,544	26,719	26,719	30,756	30,756	25,759	25,759	17,206	17,206	4,015	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term investments - Available for Sale
7,580	-	-	0	0	-	-	-	-	2,451	2,451	-	2,472	2,478	2,469	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,434	4,359	4,259	6,320	6,336	10,004	8,384	6,318	6,311	6,294	7,077	6,220	6,174	5,286	5,237	5,241	5,200	5,941	8,511	10,482	10,443	7,699	5,518	4,035	4,009
Accounts receivable, net
26,614	24,522	24,090	23,751	26,142	24,362	24,362	23,225	23,225	27,452	26,307	26,097	26,097	24,220	22,140	24,577	22,726	19,039	22,690	23,481	26,784	23,314	25,707	28,749	30,774	25,045	24,239	27,409	26,392	24,937	24,493	23,392	24,257	20,678	20,021	25,055	22,012	16,241	18,905	20,209	16,909	14,810	18,342
Inventories
57,575	55,228	50,660	50,860	55,415	50,601	50,601	54,989	54,989	53,454	53,454	55,651	55,651	50,209	55,227	51,482	46,193	45,954	48,131	46,531	48,485	46,479	46,544	42,484	38,013	38,228	41,688	40,674	43,687	44,882	41,770	38,418	42,177	38,261	44,052	36,373	32,910	33,776	34,858	28,723	26,407	29,435	29,687
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,191	6,203	6,230	7,503	7,745	7,747	7,709	4,098	4,470	2,337	2,467	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,767	2,659	1,237	293	296	176	138
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	15	45	75	75	75	112	123	123
Current income taxes receivable
776	776	776	776	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	155	23	75	142	229	104	-	136	121	-	-	292	318	-	-	-	-	-	79	79	79	407	477	568
Assets held for sale
67	150	100	-	-	237	237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
3,219	2,710	2,578	2,849	2,954	2,461	2,461	3,852	3,852	2,897	2,870	3,114	3,114	2,263	3,441	2,894	2,514	1,675	2,294	2,477	2,331	2,614	3,502	2,440	2,992	2,303	2,308	2,344	2,999	2,550	3,408	2,093	1,655	1,640	2,563	1,989	2,522	1,602	2,862	2,376	1,521	1,234	1,646
Total current assets
120,874	130,569	122,440	123,245	124,473	119,148	119,148	121,415	121,415	132,069	132,069	126,968	126,968	98,924	101,599	102,191	89,502	83,008	121,098	114,790	113,595	109,978	108,164	113,631	109,039	107,038	105,550	112,375	110,951	110,601	105,307	100,746	96,913	93,754	96,077	96,863	83,863	78,709	83,029	82,635	68,429	65,552	68,558
Property, plant and equipment, net
46,380	46,973	47,289	48,389	50,129	51,325	51,325	53,178	53,178	51,794	51,794	51,838	51,838	52,530	52,912	51,651	50,333	45,537	41,745	39,973	38,157	38,319	37,480	36,078	35,269	33,204	31,891	31,376	30,115	30,559	30,808	30,594	30,055	30,621	31,016	31,279	30,285	30,431	30,615	30,296	30,571	31,225	30,471
Goodwill
16,011	27,222	27,222	27,222	27,222	27,222	27,222	27,222	27,222	13,569	13,569	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462	11,462
Intangible assets
7,738	10,260	10,354	10,448	10,542	10,636	10,636	-	10,730	4,275	4,275	-	1,397	1,428	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term investments - Rabbi Trust
7,804	7,575	7,347	7,081	6,834	7,851	7,851	7,671	7,671	7,326	7,326	7,176	7,176	6,921	6,714	5,466	5,488	4,994	4,611	4,025	3,590	3,279	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term investments - Held-To-Maturity
2,224	-	-	-	-	-	-	-	-	5,035	5,035	13,625	13,625	26,853	30,907	30,945	30,832	31,050	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right of use asset
5,524	5,879	6,530	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncurrent income taxes receivable
733	733	733	733	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
920	511	486	457	3,224	3,614	3,614	3,721	3,721	1,458	1,458	1,942	1,942	491	436	419	422	581	1,942	2,319	4,312	3,415	4,406	5,169	5,020	508	973	2,040	1,227	661	651	753	4,172	4,738	2,715	3,205	-	-	-	-	-	-	-
Investment in unconsolidated joint venture
1,668	1,504	1,520	1,508	1,512	1,470	1,470	1,525	1,525	1,501	1,501	1,518	1,518	1,522	1,477	1,106	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,893	2,415	2,063	1,911	1,749	765	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,903	4,540	2,191	3,606	1,322	1,391	245
Other assets
464	496	526	643	972	945	945	11,640	910	957	957	2,315	918	912	2,397	2,394	2,417	2,495	2,502	2,573	2,435	2,494	2,475	2,545	2,505	2,539	2,587	2,917	2,923	2,959	2,873	1,151	1,195	1,868	1,890	1,907	1,944	1,982	2,010	2,052	2,093	2,278	2,361
Total assets
210,340	231,722	224,447	219,726	224,908	222,211	222,211	226,372	226,372	217,984	217,984	216,844	216,844	201,043	207,904	205,634	191,056	179,127	183,360	175,142	173,551	168,947	166,880	171,300	165,358	156,662	154,212	160,935	156,678	156,242	151,101	144,706	143,797	142,443	143,160	144,716	131,457	127,124	129,307	130,051	113,877	111,908	113,097
Current liabilities:
Current maturities of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,200	2,200	2,200	2,200	2,200	2,200	2,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current maturities of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,200	2,200	2,200	2,366	2,401	2,400	2,404	2,400	2,401	2,409	2,412	2,400	2,396	194
line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	561	576	875	834	889	875	-	-	-	-	-	-
Accounts payable-trade
21,835	27,395	22,628	24,377	28,401	24,007	24,007	25,070	25,070	27,237	27,237	32,434	32,434	24,600	29,112	29,101	22,352	20,183	26,708	23,994	25,601	25,221	28,233	28,414	28,644	25,450	24,458	26,686	25,187	-	27,821	22,357	26,220	-	-	-	-	-	-	-	-	-	-
Accounts payable-trade
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,543	-	-	-	23,219	27,284	30,663	23,489	21,689	25,022	24,871	17,121	17,992	22,821
Accounts payable - capital expenditures
177	402	60	78	91	114	114	862	862	1,776	1,776	1,554	1,554	3,209	5,647	4,767	4,886	3,000	627	224	380	1,269	613	990	772	178	204	277	235	66	-	225	-	104	152	169	15	112	342	140	203	253	498
Operating lease liability - current
2,227	2,282	2,456	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
398	375	684	399	492	649	649	-	634	809	809	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	634	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses
7,742	8,915	8,566	9,192	9,740	8,670	8,670	8,176	8,176	10,497	9,325	8,842	8,842	7,364	6,075	11,947	10,511	8,878	6,890	11,922	12,690	9,895	7,731	11,129	9,954	7,723	6,365	9,181	11,812	11,672	8,704	11,829	12,823	10,611	8,366	9,321	7,594	6,839	5,862	7,617	5,971	5,665	5,964
Accrued restructuring costs
-	35	42	124	228	260	260	445	445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	40	40	40	41	44	71	287	316
Deferred compensation
-	-	-	-	-	714	714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	82	82	-	-	-
Income taxes payable - current
455	1,539	1,116	1,022	642	2,044	2,044	1,244	1,244	1,437	1,437	1,580	1,580	692	884	287	217	513	358	180	622	305	392	325	325	268	387	442	130	304	320	285	395	385	751	642	208	373	345	646	289	90	182
Total current liabilities
32,834	40,943	35,552	35,192	39,594	36,458	36,458	36,431	36,431	40,584	40,584	44,410	44,410	35,865	41,718	46,102	37,966	32,574	34,583	36,320	39,293	36,690	39,169	43,058	41,895	35,819	33,614	38,786	39,564	42,785	39,045	37,457	42,380	37,595	39,827	44,128	34,621	31,454	34,103	35,812	26,055	26,683	29,975
Line of credit
-	-	-	-	-	-	-	4,000	4,000	-	-	-	-	-	5,000	-	-	-	7,000	-	-	-	-	-	-	-	569	586	573	585	560	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses - long-term
233	333	333	333	-	-	-	749	749	763	763	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated loan payable
925	925	925	675	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liability - noncurrent
3,160	3,439	3,955	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration - earn-out obligation
-	6,006	5,931	5,856	5,781	5,706	5,706	5,600	5,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable - capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,322	708	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable - long-term
3,442	3,442	3,640	3,249	3,294	3,233	3,233	3,733	3,733	3,758	3,758	10,940	10,940	487	487	467	1,817	3,734	3,779	3,841	3,480	3,655	3,634	3,792	3,630	3,980	4,037	3,962	3,953	4,141	4,176	4,191	4,195	4,188	4,131	4,164	4,040	4,096	4,178	4,167	3,934	3,890	3,877
Deferred income taxes
2,013	3,283	2,543	3,176	2,225	2,225	2,225	2,150	2,150	2,150	2,150	2,096	2,096	4,641	4,253	3,593	2,924	1,699	1,532	1,483	1,209	1,206	1,072	982	927	1,395	1,013	1,013	945	5,016	4,335	3,075	856	856	705	705	659	659	596	596	622	622	666
Deferred compensation
7,637	7,429	7,232	6,998	6,782	7,120	7,120	7,679	7,679	7,353	7,353	7,216	7,216	6,970	6,769	5,520	5,327	5,171	5,031	4,686	4,495	4,421	4,280	4,041	3,934	3,794	3,632	2,644	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, less current maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,200	2,200	2,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, less current maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,200	4,400	4,400	4,400	4,416	6,666	6,719	6,766	6,818	9,079	9,135	9,166	9,209	11,453
Total liabilities
50,244	65,800	60,111	55,479	57,676	54,742	54,742	60,342	60,342	54,608	54,608	64,662	64,662	47,963	58,227	57,004	48,742	43,178	51,925	46,330	48,477	45,972	48,155	51,873	50,386	44,988	45,065	49,191	47,235	54,727	52,516	49,123	51,831	47,055	51,329	55,716	46,086	43,027	47,956	49,710	39,777	40,404	45,971
Commitments and Contingencies (Notes 12, 19 and 20)
-	-	-	-	-	0	-	0	-	0	-	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Shareholders’ equity
Preferred stock, $0.05 par value, authorized 10,000,000
-	-	-	-	-	0	-	0	-	0	-	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	-	-	-	0	-	-	-	0	-	-	-
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,361,180 at February 2, 2020; 12,368,413 at January 27, 2019; and 12,391,160 at April 28, 2019
618	621	621	620	619	625	625	627	627	623	623	623	623	622	622	618	615	615	615	614	613	618	617	611	611	611	610	612	612	-	612	611	-	-	-	635	-	-	-	663	-	-	-
Capital contributed in excess of par value
43,748	44,109	43,803	43,694	43,961	45,959	45,959	46,334	46,334	48,203	48,203	48,413	48,413	47,441	47,038	47,415	46,365	45,349	44,453	43,795	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital contributed in excess of par value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,937	44,708	43,515	43,159	42,856	42,658	42,505	42,932	42,773	-	42,296	41,901	-	-	-	46,056	-	-	-	50,681	-	-	-
Accumulated earnings
115,373	116,735	115,676	115,579	118,186	116,272	116,272	114,465	114,465	114,635	114,635	103,090	103,090	104,957	101,977	100,601	95,391	90,029	86,415	84,547	81,804	77,806	74,777	75,752	71,571	68,493	66,102	68,260	66,132	-	55,758	53,017	-	-	-	42,293	-	-	-	28,997	-	-	-
Accumulated other comprehensive income
104	55	46	40	9	62	62	64	64	-85	-85	56	56	60	40	-4	-57	-44	-48	-144	-280	-157	-184	-95	-66	-88	-70	-60	-74	-	-81	54	-	-	-	16	-	-	-	-	-	-	-
Total shareholders’ equity attributable to Culp Inc.
159,843	161,520	160,146	159,933	162,775	162,918	162,918	161,490	161,490	163,376	163,376	152,182	152,182	153,080	149,677	148,630	142,314	135,949	131,435	128,812	125,074	122,975	118,725	119,427	114,972	111,674	109,147	111,744	109,443	101,515	98,585	95,583	91,966	95,388	91,831	89,000	85,371	84,097	81,351	80,341	74,100	71,504	67,126
Non-controlling interest
253	4,402	4,190	4,314	4,457	4,551	4,551	4,540	4,540	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total equity
160,096	165,922	164,336	164,247	167,232	167,469	167,469	166,030	166,030	163,376	163,376	-	152,182	153,080	149,677	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and shareholders’ equity
210,340	231,722	224,447	219,726	224,908	222,211	222,211	226,372	226,372	217,984	217,984	216,844	216,844	201,043	207,904	205,634	191,056	179,127	183,360	175,142	173,551	168,947	166,880	171,300	165,358	156,662	154,212	160,935	156,678	156,242	151,101	144,706	143,797	142,443	143,160	144,716	131,457	127,124	129,307	130,051	113,877	111,908	113,097
Shares outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,250	-	-	12,225	12,209	13,181	-	12,693	12,767	13,181	-	13,214	13,199	13,084