IDT CORP

For the period ended Apr 30, 2024. Filed Jun 10, 2024.

About this filing

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 10, 2024

IDT$82.63+0.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	April 30, 2024	July 31, 2023
	(Unaudited)	(Note 1)
(in thousands, except per share data)
Assets
Current assets:
Cash and cash equivalents	$139,773	$103,637
Restricted cash and cash equivalents	93,072	95,186
Debt securities	29,384	42,414
Equity investments	4,844	6,198
Trade accounts receivable, net of allowance for credit losses of $6,717 at April 30, 2024 and allowance for doubtful accounts of $5,642 at July 31, 2023	38,967	32,092
Settlement assets, net of reserve of $1,676 at April 30, 2024 and $1,143 at July 31, 2023	21,435	32,396
Disbursement prefunding	36,626	30,113
Prepaid expenses	20,046	16,638
Other current assets	24,385	28,394
Total current assets	408,532	387,068
Property, plant, and equipment, net	38,515	38,655
Goodwill	26,254	26,457
Other intangibles, net	6,591	8,196
Equity investments	6,630	9,874
Operating lease right-of-use assets	4,370	5,540
Deferred income tax assets, net	15,270	24,101
Other assets	11,140	10,919
Total assets	$517,302	$510,810
Liabilities, redeemable noncontrolling interest, and equity
Current liabilities:
Trade accounts payable	$23,976	$22,231
Accrued expenses	99,335	110,796
Deferred revenue	32,070	35,343
Customer deposits	83,660	86,481
Settlement liabilities	22,853	21,495
Other current liabilities	15,937	17,761
Total current liabilities	277,831	294,107
Operating lease liabilities	1,753	2,881
Other liabilities	3,647	3,354
Total liabilities	283,231	300,342
Commitments and contingencies	-	-
Redeemable noncontrolling interest	10,791	10,472
Equity:
IDT Corporation stockholders’ equity:
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued	—	—
Class A common stock, $.01 par value; authorized shares—35,000; 3,272 shares issued and 1,574 shares outstanding at April 30, 2024 and July 31, 2023	33	33
Class B common stock, $.01 par value; authorized shares—200,000; 28,165 and 27,851 shares issued and 23,766 and 23,699 shares outstanding at April 30, 2024 and July 31, 2023, respectively	282	279
Additional paid-in capital	303,055	301,408
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,399 and 4,152 shares of Class B common stock at April 30, 2024 and July 31, 2023, respectively	(122,668)	(115,461)
Accumulated other comprehensive loss	(17,243)	(17,192)
Retained earnings	51,028	24,662
Total IDT Corporation stockholders’ equity	214,487	193,729
Noncontrolling interests	8,793	6,267
Total equity	223,280	199,996
Total liabilities, redeemable noncontrolling interest, and equity	$517,302	$510,810

IDT CORPORATION

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.