COMTECH TELECOMMUNICATIONS CORP DE
For the period ended Jul 31, 2024. Filed Oct 30, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Oct 30, 2024
CMTL$1.19+6.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of July 31, 2024 and 2023
As of July 31, 2024 and 2023
| Assets | 2024 | 2023 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $32,433,000 | 18,961,000 |
| Accounts receivable, net | 195,595,000 | 163,159,000 |
| Inventories, net | 93,136,000 | 105,845,000 |
| Prepaid expenses and other current assets | 15,387,000 | 17,521,000 |
| Total current assets | 336,551,000 | 305,486,000 |
| Property, plant and equipment, net | 47,328,000 | 53,029,000 |
| Operating lease right-of-use assets, net | 31,590,000 | 44,410,000 |
| Goodwill | 284,180,000 | 347,692,000 |
| Intangibles with finite lives, net | 194,828,000 | 225,907,000 |
| Deferred financing costs, net | 3,251,000 | 2,349,000 |
| Other assets, net | 14,706,000 | 17,364,000 |
| Total assets | $912,434,000 | 996,237,000 |
| Liabilities, Convertible Preferred Stock and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $42,477,000 | 64,241,000 |
| Accrued expenses and other current liabilities | 62,245,000 | 66,990,000 |
| Current portion of long-term debt | 4,050,000 | 4,375,000 |
| Operating lease liabilities, current | 7,869,000 | 8,645,000 |
| Contract liabilities | 65,834,000 | 66,351,000 |
| Interest payable | 1,072,000 | 1,368,000 |
| Total current liabilities | 183,547,000 | 211,970,000 |
| Non-current portion of long-term debt, net | 170,486,000 | 160,029,000 |
| Operating lease liabilities, non-current | 30,258,000 | 41,763,000 |
| Income taxes payable | 2,231,000 | 2,208,000 |
| Deferred tax liability, net | 6,193,000 | 9,494,000 |
| Long-term contract liabilities | 21,035,000 | 18,419,000 |
| Other liabilities | 12,355,000 | 1,844,000 |
| Total liabilities | 426,105,000 | 445,727,000 |
| Commitments and contingencies (See Note 13) | ||
| Convertible preferred stock, par value $0.10 per share; authorized and issued 171,827 shares at July 31, 2024 (includes accrued dividends of $1,341,000) and authorized 125,000 shares; issued 100,000 at July 31, 2023 (includes accrued dividends of $604,000) | 180,076,000 | 112,211,000 |
| Stockholders’ equity: | ||
| Preferred stock, par value $0.10 per share; authorized and unissued 1,828,173 and 1,875,000 shares at July 31, 2024 and 2023, respectively | — | — |
| Common stock, par value $0.10 per share; authorized 100,000,000 shares; issued 43,766,109 shares and 43,096,271 shares at July 31, 2024 and 2023, respectively | 4,377,000 | 4,310,000 |
| Additional paid-in capital | 640,145,000 | 636,925,000 |
| Retained earnings | 103,580,000 | 238,913,000 |
| 748,102,000 | 880,148,000 | |
| Less: | ||
| Treasury stock, at cost (15,033,317 shares at July 31, 2024 and 2023) | (441,849,000) | (441,849,000) |
| Total stockholders’ equity | 306,253,000 | 438,299,000 |
| Total liabilities, convertible preferred stock and stockholders’ equity | $912,434,000 | 996,237,000 |
F - 7
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