Franklin Covey Files 10-Q, Details Equity Structure
Ticker: FC · Form: 10-Q · Filed: Jul 8, 2024 · CIK: 886206
Sentiment: neutral
Topics: 10-Q, financials, equity
TL;DR
FC's Q3 10-Q is in, showing equity details. Looks stable.
AI Summary
Franklin Covey Co. filed its 10-Q for the period ending May 31, 2024. The filing details financial performance and position, including treasury stock, retained earnings, and additional paid-in capital as of various dates throughout fiscal years 2022, 2023, and 2024. Specific dollar amounts for these accounts are presented, reflecting the company's equity structure.
Why It Matters
This filing provides investors with a detailed look at Franklin Covey's financial health and equity, crucial for understanding the company's value and stability.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant risks.
Key Numbers
- 2024-05-31 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 20240708 — Filing Date (Shows when the company submitted this quarterly report to the SEC.)
Key Players & Entities
- FRANKLIN COVEY CO (company) — Filer of the 10-Q report
- 20240531 (date) — End of the reporting period
- 20240708 (date) — Date the filing was made
- SALT LAKE CITY (location) — City where Franklin Covey is headquartered
- UT (location) — State where Franklin Covey is headquartered
FAQ
What is the total amount of retained earnings as of May 31, 2024?
The filing indicates retained earnings as of May 31, 2024, but the specific dollar amount is not provided in this excerpt.
What was the company's treasury stock balance on February 29, 2024?
The filing lists treasury stock for February 29, 2024, but the specific dollar amount is not detailed in this excerpt.
When did Franklin Covey change its name from Franklin Quest Co.?
Franklin Covey Co. changed its name from Franklin Quest Co. on February 18, 1994.
What is Franklin Covey Co.'s fiscal year end?
Franklin Covey Co.'s fiscal year ends on August 31.
What is the SIC code for Franklin Covey Co.?
The Standard Industrial Classification (SIC) code for Franklin Covey Co. is 8741, which falls under SERVICES-MANAGEMENT SERVICES.
Filing Stats: 4,497 words · 18 min read · ~15 pages · Grade level 16.4 · Accepted 2024-07-08 15:23:54
Key Financial Figures
- $0.05 — nge on which registered Common Stock, $0.05 Par Value FC New York Stock Exchang
Filing Documents
- fc-20240531x10q.htm (10-Q) — 3569KB
- fc-20240531xex31_1.htm (EX-31.1) — 12KB
- fc-20240531xex31_2.htm (EX-31.2) — 13KB
- fc-20240531xex32.htm (EX-32) — 9KB
- fc-20240531x10qg001.jpg (GRAPHIC) — 19KB
- 0000886206-24-000040.txt ( ) — 11496KB
- fc-20240531.xsd (EX-101.SCH) — 28KB
- fc-20240531_cal.xml (EX-101.CAL) — 50KB
- fc-20240531_def.xml (EX-101.DEF) — 88KB
- fc-20240531_lab.xml (EX-101.LAB) — 242KB
- fc-20240531_pre.xml (EX-101.PRE) — 224KB
- fc-20240531x10q_htm.xml (XML) — 2953KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS FRANKLIN COVEY CO. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per-share amounts) May 31, August 31, 2024 2023 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 36,574 $ 38,230 Accounts receivable, less allowance for doubtful accounts of $ 3,111 and $ 3,790 60,424 81,935 Inventories 4,644 4,213 Prepaid expenses and other current assets 18,389 20,639 Total current assets 120,031 145,017 Property and equipment, net 8,631 10,039 Intangible assets, net 38,808 40,511 Goodwill 31,220 31,220 Deferred income tax assets 1,636 1,661 Other long-term assets 20,645 17,471 $ 220,971 $ 245,919 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of notes payable $ 2,085 $ 5,835 Current portion of financing obligation 3,810 3,538 Accounts payable 6,185 6,501 Deferred subscription revenue 80,092 95,386 Customer deposits 22,204 12,137 Accrued liabilities 22,215 28,252 Total current liabilities 136,591 151,649 Notes payable, less current portion 761 1,535 Financing obligation, less current portion 1,533 4,424 Other liabilities 8,076 7,617 Deferred income tax liabilities 1,847 2,040 Total liabilities 148,808 167,265 Shareholders' equity: Common stock, $ 0.05 par value; 40,000 shares authorized, 27,056 shares issued 1,353 1,353 Additional paid-in capital 228,612 232,373 Retained earnings 111,248 99,802 Accumulated other comprehensive loss ( 1,250 ) ( 987 ) Treasury stock at cost, 13,969 shares and 13,974 shares ( 267,800 ) ( 253,887 ) Total shareholders' equity 72,163 78,654 $ 220,971 $ 245,919 See notes to condensed consolidated financial statements 2 FRANKLIN COVEY CO. CONDENSED CONSOLIDATED INCOME STATEMENTS AND STATEMENTS OF COMPREHENSIVE INCOME (in thousands, except per-share am