Espey mfg & electronics corp (ESP)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11
ASSETS:
Cash and cash equivalents

4,390

6,110

4,655

1,462

1,488

3,311

6,337

4,298

6,906

7,202

7,389

10,058

9,386

8,857

8,570

10,031

9,547

9,547

10,427

8,859

9,437

10,237

9,872

9,556

8,260

8,217

11,607

9,888

9,215

8,165

10,978

11,523

9,870

8,736

10,336

9,695

Investment securities

5,723

5,667

5,571

5,684

5,833

5,788

7,445

-

11,402

11,422

11,286

-

9,210

8,966

8,713

-

5,393

5,224

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities

-

-

-

-

-

-

-

11,520

-

-

-

9,426

-

-

-

5,580

-

-

-

4,159

-

-

4,494

4,910

4,669

4,681

3,891

3,892

3,681

3,701

3,307

3,184

3,488

3,186

2,546

1,946

Investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,995

-

4,245

4,393

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts receivable, net of allowance of $3,000

5,107

4,421

6,648

10,995

7,951

5,647

5,795

4,377

3,595

5,558

3,644

3,399

3,374

3,752

3,891

4,957

4,852

4,038

4,119

6,694

4,179

3,386

4,033

3,194

4,802

4,328

5,120

7,204

3,585

4,824

4,189

3,217

3,469

4,615

5,298

6,266

Income tax receivable

79

43

93

-

126

278

289

161

148

0

0

120

230

316

283

329

172

207

-

0

168

265

668

943

188

442

310

-

228

213

40

-

-

-

75

-

Inventories:
Raw materials

2,113

2,006

1,893

1,747

1,674

1,687

1,645

1,562

1,419

1,331

1,281

1,303

1,361

1,382

1,342

1,418

1,369

1,464

1,508

1,481

1,576

1,642

1,546

1,616

1,725

1,740

1,683

1,607

1,480

1,315

1,446

1,364

1,444

1,370

1,372

1,273

Work-in-process

796

680

643

408

704

880

793

966

978

759

679

512

643

642

711

504

638

620

667

561

782

906

829

792

1,056

913

850

607

660

760

847

801

792

1,353

1,239

1,085

Costs related to contracts in process

14,186

12,901

12,301

11,069

12,569

13,166

11,324

8,880

7,903

6,850

8,443

7,863

6,837

7,316

8,283

8,810

9,392

9,622

10,277

9,542

10,424

8,974

8,250

8,201

9,160

8,709

9,057

9,159

10,660

9,854

9,618

9,480

9,191

8,099

8,251

8,220

Total inventories

17,096

15,588

14,838

13,225

14,948

15,734

13,763

11,408

10,301

8,941

10,405

9,678

8,842

9,342

10,337

10,733

11,400

11,707

12,453

11,585

12,783

11,523

10,625

10,611

11,941

11,363

11,591

11,373

12,801

11,929

11,913

11,645

11,429

10,823

10,863

10,579

Deferred tax assets

-

-

-

-

-

-

-

-

0

0

0

317

201

217

239

252

214

257

296

334

178

229

276

324

424

422

421

419

478

459

441

422

390

379

368

360

Prepaid expenses and other current assets

758

1,006

263

494

368

170

277

1,292

776

252

276

227

343

87

202

219

260

111

251

211

245

62

199

177

229

93

244

315

275

101

170

200

222

85

148

208

Total current assets

33,155

32,839

32,072

31,862

30,715

30,931

33,908

33,060

33,130

33,377

33,001

33,228

31,589

31,540

32,238

32,104

31,841

31,093

32,543

31,845

31,239

30,099

30,170

29,719

30,515

29,550

33,187

33,094

30,266

29,395

31,039

30,195

28,871

27,827

29,638

29,057

Property, plant and equipment, net

3,602

3,716

3,776

3,825

3,899

3,857

4,247

3,758

2,579

2,239

2,188

2,265

2,356

2,355

2,396

2,348

2,314

2,363

2,394

2,498

2,505

2,504

2,581

2,678

2,747

2,828

2,643

2,421

2,408

2,472

2,485

2,523

2,590

2,629

2,635

2,703

Deferred tax assets

-

-

-

-

-

-

-

-

78

89

99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

14

25

35

46

56

67

77

87

98

108

Total assets

36,757

36,555

35,849

35,687

34,614

34,788

38,156

36,819

35,787

35,706

35,289

35,493

33,945

33,895

34,634

34,452

34,156

33,456

34,937

34,344

33,744

32,604

32,752

32,398

33,263

32,381

35,845

35,540

32,710

31,914

33,582

32,785

31,540

30,545

32,371

31,868

LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable

1,536

1,913

2,076

2,160

1,938

2,606

2,581

1,822

1,499

1,296

2,326

2,250

635

436

876

552

672

604

1,073

976

1,686

877

1,469

727

1,305

845

1,454

1,273

1,336

1,055

1,401

1,309

1,482

1,509

1,613

1,453

Accrued expenses:
Salaries and wages

392

384

432

329

292

493

587

529

391

404

259

172

98

179

352

357

306

242

287

332

309

173

398

413

353

296

505

370

304

289

482

417

305

266

464

412

Vacation

785

714

675

786

783

715

710

707

724

629

620

656

721

683

667

704

733

647

651

690

644

532

540

693

746

684

696

748

673

613

607

707

676

603

586

623

ESOP payable

228

158

84

-

246

160

101

-

245

156

78

-

274

186

93

-

254

164

93

-

260

159

86

-

223

108

101

-

-

-

-

-

-

-

-

-

Dividend payable

-

-

-

-

-

-

2,995

-

-

-

-

-

-

-

-

-

0

0

590

590

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

ESOP payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

165

70

108

-

112

22

92

-

Other

191

185

84

109

143

152

158

104

163

120

132

250

156

102

137

196

301

448

402

548

142

199

154

579

174

276

270

629

528

464

239

442

137

186

70

121

Payroll and other taxes withheld

60

0

60

61

61

54

68

53

58

50

49

46

46

52

48

49

50

85

48

47

52

47

47

53

59

0

57

50

51

45

50

44

45

44

46

44

Contract liabilities

2,791

1,803

666

6

20

6

102

102

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

30

-

-

-

-

-

314

43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

288

2

-

-

-

0

0

0

0

430

0

0

0

73

176

66

0

277

Total current liabilities

5,986

5,160

4,081

3,484

3,486

4,189

7,306

3,320

3,083

2,973

3,509

3,375

1,934

1,640

2,175

1,861

2,319

2,193

3,436

3,188

3,096

1,991

2,696

2,468

2,862

2,211

3,084

3,502

3,058

2,539

2,890

2,995

2,936

2,700

2,873

2,932

Deferred tax liabilities

254

258

268

277

153

108

63

17

0

0

0

220

201

202

202

203

157

178

202

224

199

227

255

283

249

231

213

195

180

195

208

222

216

234

252

270

Total liabilities

6,241

5,419

4,349

3,762

3,640

4,298

7,369

-

3,083

2,973

3,509

-

2,136

1,842

2,378

-

2,476

2,372

3,638

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

-

-

-

-

-

-

-

3,337

-

-

-

3,596

-

-

-

2,064

-

-

-

3,413

3,296

2,219

2,951

2,751

3,112

2,443

3,298

3,698

3,239

2,734

3,098

3,218

3,153

2,935

3,126

3,203

Commitments and contingencies (see Note 5)

-

-

-

-

-

-

0

-

0

0

-

0

0

0

0

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,029,874 shares as of March 31, 2020 and June 30, 2019. Outstanding 2,402,633 and 2,401,213 as of March 31, 2020 and June 30, 2019, respectively (includes 3,541 and 14,166 Unearned ESOP shares, respectively)

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

Capital in excess of par value

18,924

18,858

18,812

18,731

18,505

18,403

18,363

18,201

17,861

17,700

17,671

17,650

17,437

17,388

17,276

17,253

17,003

16,889

16,838

16,785

16,556

16,484

16,467

16,429

16,030

15,982

15,923

15,780

15,469

15,441

15,222

15,093

14,856

14,823

14,783

14,674

Accumulated other comprehensive loss

-0

-1

-1

-1

-2

-4

-5

-6

-6

-4

-3

-3

-2

-2

-2

-1

0

-3

-2

-4

-3

-2

-1

-1

-0

0

0

0

3

3

1

1

1

0

-1

0

Retained earnings

18,438

19,138

19,506

20,022

19,474

19,145

19,482

22,416

22,301

22,565

21,531

21,670

22,034

22,333

22,666

22,820

22,642

22,239

22,173

21,865

21,885

21,944

21,290

20,946

22,208

22,062

24,750

24,260

22,517

22,154

23,842

23,053

22,410

21,634

23,219

22,780

Total stockholders equity before ESOP

38,372

39,005

39,328

39,762

38,987

38,554

38,850

41,621

41,165

41,271

40,209

40,326

40,479

40,729

40,950

41,082

40,656

40,134

40,019

39,657

39,448

39,436

38,766

38,384

39,247

39,054

41,684

41,050

38,999

38,609

40,076

39,158

38,279

37,468

39,011

38,464

Less: Unearned ESOP shares

204

204

204

204

421

421

421

421

650

650

650

650

891

891

891

891

1,143

1,143

-

1,143

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Unearned ESOP shares

204

204

204

204

421

421

421

421

650

650

650

650

891

-

-

891

1,143

1,143

-

1,143

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Unearned ESOP shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,143

-

1,408

1,408

1,408

1,408

1,685

1,685

1,685

1,685

1,974

1,974

1,974

1,974

2,275

2,275

2,275

2,275

Cost of 627,241 and 628,661 shares of common stock in treasury as of March 31, 2020 and June 30, 2019, respectively

7,650

7,664

7,624

7,632

7,591

7,642

7,642

7,718

7,811

7,888

7,779

7,779

7,779

7,785

7,803

7,803

7,832

7,906

7,575

7,582

7,592

7,642

7,557

7,328

7,410

7,430

7,451

7,522

7,554

7,454

7,618

7,616

7,616

7,582

7,490

7,523

Total stockholders' equity

30,516

31,136

31,499

31,925

30,974

30,490

30,786

33,481

32,704

32,732

31,779

31,897

31,809

32,052

32,255

32,388

31,679

31,084

31,299

30,930

30,447

30,384

29,800

29,646

30,150

29,938

32,547

31,842

29,470

29,179

30,483

29,567

28,387

27,610

29,244

28,665

Total liabilities and stockholders' equity

36,757

36,555

35,849

35,687

34,614

34,788

38,156

36,819

35,787

35,706

35,289

35,493

33,945

33,895

34,634

34,452

34,156

33,456

34,937

34,344

33,744

32,604

32,752

32,398

33,263

32,381

35,845

35,540

32,710

31,914

33,582

32,785

31,540

30,545

32,371

31,868