Frequency electronics inc (FEIM)
Balance Sheet / Yearly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Jul'15Apr'15Jan'15Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11
ASSETS:
Current assets:
Cash and cash equivalents

270

2,606

2,239

3,683

2,418

3,911

2,621

7,869

6,984

11,015

10,910

2,163

3,109

4,105

4,016

5,818

7,079

5,924

7,222

6,070

4,543

7,698

8,561

5,062

4,149

3,460

5,222

6,978

5,461

4,782

4,548

1,644

7,659

5,275

Marketable securities

9,460

8,383

9,016

8,199

8,442

7,341

7,178

6,149

6,240

1,395

1,594

7,815

7,580

10,285

11,581

11,111

10,699

10,364

11,186

12,218

15,211

16,030

14,071

15,879

16,823

18,270

16,409

16,931

16,678

17,658

18,077

18,306

14,999

15,357

Accounts receivable, net of allowance for doubtful accounts of $183 at January 31, 2020 and April 30, 2019

4,073

4,437

7,328

6,362

7,312

6,110

6,487

4,268

7,835

7,071

8,107

10,986

7,587

9,227

9,518

7,166

9,175

10,021

9,689

10,360

14,720

7,741

12,124

11,318

12,616

7,781

8,357

9,918

9,699

10,866

7,662

7,128

8,738

11,663

Costs and estimated earnings in excess of billings, net

8,011

8,086

7,204

6,670

7,282

7,047

-

5,094

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings, net

-

-

-

-

-

-

6,732

-

4,122

5,949

7,697

7,964

9,210

10,710

12,044

12,377

12,345

14,645

12,929

12,369

10,447

10,439

3,857

5,418

6,263

8,617

8,617

10,587

8,649

7,207

7,433

7,402

3,315

2,409

Inventories, net

23,487

23,280

23,201

23,356

25,065

25,648

26,341

26,186

25,899

31,210

30,457

29,051

41,169

41,770

42,582

36,280

40,732

39,090

38,239

41,036

42,806

41,227

42,076

40,667

39,221

37,521

37,756

35,347

34,532

34,299

31,072

30,447

30,247

28,172

Prepaid income taxes

31

35

326

499

417

622

1,453

-

2,112

3,478

2,459

-

5,821

4,526

3,733

-

3,985

3,143

-

3,204

3,177

-

4,036

3,450

3,360

3,170

2,850

2,818

3,033

3,152

2,574

2,644

2,649

2,580

Prepaid income taxes

-

-

-

-

-

-

-

1,459

-

-

-

2,606

-

-

-

3,213

-

-

3,063

-

-

3,433

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

680

-

-

-

0

-

-

-

882

Prepaid expenses and other

2,360

2,224

2,223

2,583

877

1,001

1,247

1,050

1,141

1,242

890

1,105

1,221

1,185

1,202

1,059

1,133

1,219

1,271

2,053

1,185

1,294

1,335

2,202

1,623

1,517

1,507

1,322

1,306

1,398

1,448

1,932

2,119

1,398

Current assets held for sale

0

0

0

1,347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current assets held for sale

-

-

-

-

-

-

-

0

8,477

8,157

8,412

8,165

-

-

-

8,838

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

47,692

49,051

51,537

52,699

51,813

51,680

52,059

52,075

62,810

69,517

70,526

69,855

75,697

81,808

84,676

85,862

85,148

84,406

83,599

87,310

92,089

87,862

86,060

83,996

84,055

81,016

80,718

83,901

79,358

79,362

72,814

69,503

69,726

67,736

Property, plant and equipment, at cost, net of accumulated depreciation and amortization

12,011

12,708

13,151

13,038

13,783

13,486

14,041

14,127

13,868

14,349

14,641

14,813

14,766

14,112

13,430

12,314

12,425

12,677

12,686

13,078

11,998

11,240

10,193

9,998

9,242

8,316

8,391

7,893

8,126

8,374

6,623

6,942

7,218

7,163

Deferred income taxes

-

-

-

-

-

-

-

-

10,352

11,794

11,902

11,902

6,760

6,928

7,615

7,702

7,360

7,360

7,360

6,343

6,650

6,650

6,479

6,479

6,320

6,320

6,023

5,892

5,692

5,692

750

750

750

750

Goodwill

617

617

617

617

617

617

617

617

617

617

617

617

614

617

617

617

617

617

617

621

667

689

712

735

758

781

804

827

850

873

-

-

-

-

Goodwill and other intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

218

218

218

218

Cash surrender value of life insurance and cash held in trust

14,821

14,640

14,466

14,292

14,419

14,251

14,083

13,915

13,853

13,694

13,534

13,376

13,296

13,137

12,478

12,819

12,591

12,334

11,825

-

-

11,321

11,213

11,063

10,913

10,763

10,605

10,448

10,290

10,133

9,893

9,764

9,629

9,409

Right-of-Use assets

11,197

11,354

11,840

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash surrender value of life insurance and cash held in trust

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,744

11,462

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

806

807

807

-

3,012

3,363

3,758

3,738

Other assets

3,830

3,579

3,553

5,923

3,616

3,628

2,733

2,850

2,310

2,169

2,280

2,187

1,666

1,677

1,695

2,091

1,707

1,728

1,738

1,751

1,682

1,699

1,718

1,737

1,695

1,713

933

950

967

1,793

817

817

817

817

Non-current assets held for sale

0

0

0

202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current assets held for sale

-

-

-

-

-

-

-

0

531

562

572

569

-

-

-

772

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

90,168

91,949

95,164

86,771

84,248

83,662

83,533

83,584

104,341

112,702

114,072

113,319

112,799

118,279

120,511

122,177

119,848

119,122

117,825

120,847

124,548

119,461

116,375

114,008

112,983

108,909

108,280

110,718

106,090

106,227

94,127

91,357

92,116

89,831

LIABILITIES AND STOCKHOLDERS’ EQUITY:
Current liabilities:
Short-term credit obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

158

-

-

-

-

-

-

-

-

Accounts payable – trade

1,520

914

1,061

1,188

1,120

1,073

1,264

1,841

2,858

2,694

2,690

2,437

2,528

2,352

3,985

3,165

2,358

883

1,720

3,504

3,274

2,336

-

-

-

1,205

-

-

-

-

-

-

-

-

Accounts payable - trade

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

940

1,406

1,341

-

1,368

2,203

1,643

2,644

1,170

1,437

2,490

1,654

Accrued liabilities

3,625

3,391

3,600

3,571

3,444

3,179

3,174

3,416

3,934

2,907

3,149

3,425

3,913

4,027

5,134

4,479

6,260

6,938

6,630

5,636

7,761

7,361

6,604

5,399

8,038

7,964

8,155

6,492

6,770

6,986

5,182

4,906

5,061

5,457

Loss provision accrual

786

2,107

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability, current

2,059

1,903

1,883

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current liabilities held for sale

0

0

0

1,078

-

-

-

0

2,121

1,978

2,276

2,249

-

-

-

2,664

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

280

-

-

-

-

-

-

-

-

0

-

6

-

5,178

8,722

6,317

6,383

2,581

-

-

275

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

396

96

-

-

-

-

Capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

276

276

-

Total current liabilities

7,990

8,315

6,544

5,837

4,564

4,252

4,438

5,257

8,913

7,579

8,115

8,111

6,441

6,659

9,119

10,308

8,618

7,821

8,350

9,140

11,035

9,697

7,544

6,805

9,385

9,327

14,701

17,417

15,126

16,109

8,933

6,619

7,827

7,386

Long term debt- noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

0

6,000

6,000

6,000

6,000

6,000

6,000

-

-

10,100

-

-

-

6,000

-

-

-

-

-

-

-

-

Long term debt- noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,400

12,400

-

10,100

10,100

9,200

-

-

-

-

-

-

-

-

-

Credit obligations- noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-

-

-

-

Capital lease obligation- noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

113

181

Deferred compensation

14,448

14,373

14,296

14,216

13,779

13,707

13,626

13,541

13,546

13,453

13,353

13,252

12,464

12,224

12,005

11,773

11,684

11,447

11,318

11,116

10,774

10,724

10,592

10,520

10,448

10,374

10,314

10,310

10,225

10,179

10,126

10,042

9,897

9,827

Lease liability

9,579

9,784

10,193

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

1,326

1,309

1,295

1,376

1,314

1,479

1,500

1,524

1,436

1,405

1,397

1,409

750

657

736

103

337

356

347

-

-

594

-

-

-

756

-

-

-

-

-

-

-

-

Non-current liabilities held for sale

0

0

0

2,253

-

-

-

0

1,795

1,387

1,316

1,215

-

-

-

641

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

479

556

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

717

727

745

-

819

863

865

792

712

859

905

902

Total liabilities

33,343

33,781

32,328

23,682

19,657

19,438

19,564

20,322

25,690

23,824

24,181

23,987

19,655

25,540

27,860

28,825

26,639

25,624

26,015

29,135

34,765

31,115

28,953

28,152

29,778

26,457

25,834

28,590

26,216

27,095

19,771

17,565

18,742

18,296

Commitments and contingencies

-

-

-

-

-

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

Stockholders’ equity:
Preferred stock - $1.00 par value; authorized 600 shares, no shares issued

-

-

-

-

-

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

Common stock - $1.00 par value; authorized 20,000 shares, 9,164 shares issued, 9,108 shares outstanding at January 31, 2020; 8,980 shares outstanding at April 30, 2019

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

9,164

Additional paid-in capital

56,772

56,658

56,796

56,831

56,696

56,710

56,610

56,439

56,289

56,139

55,985

55,767

56,235

56,017

55,815

55,576

55,204

54,652

54,360

54,200

53,523

53,181

52,916

52,585

52,202

51,913

51,526

51,289

51,017

50,797

50,542

50,296

50,087

49,868

Accumulated deficit

-9,157

-7,611

-2,702

-2,111

251

572

449

-65

12,449

22,845

24,326

23,712

27,141

26,803

27,827

28,533

28,632

28,419

27,528

27,587

25,421

24,702

23,947

22,729

21,338

20,662

20,705

20,869

19,428

18,660

14,480

13,406

12,630

11,286

56,779

58,211

63,258

63,884

66,111

-

-

65,538

77,902

88,148

89,475

88,643

92,540

91,984

92,806

93,273

93,000

92,235

91,052

90,951

88,108

87,047

86,027

84,478

82,704

81,739

-

81,322

79,609

78,621

74,186

72,866

71,881

70,318

Common stock reacquired and held in treasury - at cost (56 shares at January 31, 2020 and 184 shares at April 30, 2019)

258

295

602

841

960

1,168

1,295

1,361

1,425

1,472

1,525

1,592

1,652

1,696

1,816

1,885

1,945

2,053

2,132

2,507

2,630

2,715

2,810

2,903

2,979

3,200

3,344

3,454

3,519

3,659

3,739

3,855

3,913

3,975

Accumulated other comprehensive income

304

252

180

46

-560

-1,054

-959

-915

2,174

2,202

1,941

2,281

2,256

2,451

1,661

1,964

2,154

3,316

2,890

3,268

4,305

4,014

4,205

4,281

3,480

3,913

4,395

4,260

3,784

4,170

3,909

4,781

5,406

5,192

Total stockholders’ equity

56,825

58,168

62,836

63,089

64,591

64,224

63,969

63,262

78,651

88,878

89,891

89,332

93,144

92,739

92,651

93,352

93,209

93,498

91,810

91,712

89,783

88,346

87,422

85,856

83,205

82,452

82,446

82,128

79,874

79,132

74,356

73,792

73,374

71,535

Total liabilities and stockholders’ equity

90,168

91,949

95,164

86,771

84,248

83,662

83,533

83,584

104,341

112,702

114,072

113,319

112,799

118,279

120,511

122,177

119,848

119,122

117,825

120,847

124,548

119,461

116,375

114,008

112,983

108,909

108,280

110,718

106,090

106,227

94,127

91,357

92,116

89,831