COMTECH TELECOMMUNICATIONS CORP DE
For the period ended Apr 30, 2024. Filed Jun 18, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 30, 2024 · Filed Jun 18, 2024
CMTL$1.19+6.2%Stored close · as of Nov 10, 2026
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Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
| Assets | April 30, 2024 | July 31, 2023 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $27,192,000 | 18,961,000 |
| Accounts receivable, net | 199,646,000 | 163,159,000 |
| Inventories, net | 96,120,000 | 105,845,000 |
| Prepaid expenses and other current assets | 21,428,000 | 17,521,000 |
| Total current assets | 344,386,000 | 305,486,000 |
| Property, plant and equipment, net | 50,653,000 | 53,029,000 |
| Operating lease right-of-use assets, net | 33,791,000 | 44,410,000 |
| Goodwill | 333,105,000 | 347,692,000 |
| Intangibles with finite lives, net | 210,041,000 | 225,907,000 |
| Deferred financing costs, net | 1,722,000 | 2,349,000 |
| Other assets, net | 17,301,000 | 17,364,000 |
| Total assets | $990,999,000 | 996,237,000 |
| Liabilities, Convertible Preferred Stock and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $54,520,000 | 64,241,000 |
| Accrued expenses and other current liabilities | 64,869,000 | 66,990,000 |
| Current portion of long-term debt | 3,712,000 | 4,375,000 |
| Operating lease liabilities, current | 8,014,000 | 8,645,000 |
| Contract liabilities | 61,014,000 | 66,351,000 |
| Interest payable | 1,256,000 | 1,368,000 |
| Total current liabilities | 193,385,000 | 211,970,000 |
| Non-current portion of long-term debt | 157,709,000 | 160,029,000 |
| Operating lease liabilities, non-current | 31,250,000 | 41,763,000 |
| Income taxes payable, non-current | 2,294,000 | 2,208,000 |
| Deferred tax liability, net | 8,231,000 | 9,494,000 |
| Long-term contract liabilities | 19,795,000 | 18,419,000 |
| Other liabilities | 1,662,000 | 1,844,000 |
| Total liabilities | 414,326,000 | 445,727,000 |
| Commitments and contingencies (See Note 19) | ||
| Convertible preferred stock, par value $0.10 per share; authorized and issued 166,121 shares at April 30, 2024 (includes accrued dividends of $1,267,000) and authorized 125,000 shares; issued 100,000 at July 31, 2023 (includes accrued dividends of $604,000) | 170,254,000 | 112,211,000 |
| Stockholders' equity: | ||
| Preferred stock, par value $0.10 per share; authorized and unissued 1,833,879 and 1,875,000 shares at April 30, 2024 and July 31, 2023, respectively | — | — |
| Common stock, par value $0.10 per share; authorized 100,000,000 shares; issued 43,526,372 and 43,096,271 shares at April 30, 2024 and July 31, 2023, respectively | 4,353,000 | 4,310,000 |
| Additional paid-in capital | 639,730,000 | 636,925,000 |
| Retained earnings | 204,185,000 | 238,913,000 |
| 848,268,000 | 880,148,000 | |
| Less: | ||
| Treasury stock, at cost (15,033,317 shares at April 30, 2024 and July 31, 2023) | (441,849,000) | (441,849,000) |
| Total stockholders’ equity | 406,419,000 | 438,299,000 |
| Total liabilities, convertible preferred stock and stockholders’ equity | $990,999,000 | 996,237,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.