IDT CORP
For the period ended Oct 31, 2024. Filed Dec 10, 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.
Oct 31, 2024 · Filed Dec 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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Consolidated Balance Sheets
| October 31, 2024 | July 31, 2024 | |
|---|---|---|
| (Unaudited) | (Note 1) | |
| (in thousands, except per share data) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $148,019 | $164,557 |
| Restricted cash and cash equivalents | 95,194 | 90,899 |
| Debt securities | 27,274 | 23,438 |
| Equity investments | 5,071 | 5,009 |
| Trade accounts receivable, net of allowance for credit losses of $6,634 at October 31, 2024 and $6,352 at July 31, 2024 | 41,566 | 42,215 |
| Settlement assets, net of reserve of $1,903 at October 31, 2024 and $1,866 at July 31, 2024 | 25,245 | 22,186 |
| Disbursement prefunding | 52,041 | 30,736 |
| Prepaid expenses | 12,686 | 17,558 |
| Other current assets | 24,627 | 25,927 |
| Total current assets | 431,723 | 422,525 |
| Property, plant, and equipment, net | 38,944 | 38,652 |
| Goodwill | 26,309 | 26,288 |
| Other intangibles, net | 5,947 | 6,285 |
| Equity investments | 7,092 | 6,518 |
| Operating lease right-of-use assets | 3,101 | 3,273 |
| Deferred income tax assets, net | 29,523 | 35,008 |
| Other assets | 11,995 | 11,546 |
| Total assets | $554,634 | $550,095 |
| Liabilities, redeemable noncontrolling interest, and equity | ||
| Current liabilities: | ||
| Trade accounts payable | $23,647 | $24,773 |
| Accrued expenses | 92,821 | 103,176 |
| Deferred revenue | 29,321 | 30,364 |
| Customer funds deposits | 94,951 | 91,893 |
| Settlement liabilities | 12,710 | 12,764 |
| Other current liabilities | 16,373 | 16,374 |
| Total current liabilities | 269,823 | 279,344 |
| Operating lease liabilities | 1,566 | 1,533 |
| Other liabilities | 1,058 | 2,662 |
| Total liabilities | 272,447 | 283,539 |
| Commitments and contingencies | - | - |
| Redeemable noncontrolling interest | 11,039 | 10,901 |
| 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 October 31, 2024 and July 31, 2024 | 33 | 33 |
| Class B common stock, $.01 par value; authorized shares—200,000; 28,229 and 28,177 shares issued and 23,674 and 23,684 shares outstanding at October 31, 2024 and July 31, 2024, respectively | 282 | 282 |
| Additional paid-in capital | 305,918 | 303,510 |
| Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,555 and 4,493 shares of Class B common stock at October 31, 2024 and July 31, 2024, respectively | (128,512) | (126,080) |
| Accumulated other comprehensive loss | (19,709) | (18,142) |
| Retained earnings | 102,568 | 86,580 |
| Total IDT Corporation stockholders’ equity | 260,580 | 246,183 |
| Noncontrolling interests | 10,568 | 9,472 |
| Total equity | 271,148 | 255,655 |
| Total liabilities, redeemable noncontrolling interest, and equity | $554,634 | $550,095 |
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