Franklin Covey Q1 FY25 Update
Ticker: FC · Form: 10-Q · Filed: Jan 10, 2025 · CIK: 886206
Sentiment: neutral
Topics: 10-Q, financials, equity
TL;DR
FC's Q1 equity accounts updated, check financials.
AI Summary
Franklin Covey Co. reported its first quarter results for fiscal year 2025, ending November 30, 2024. The filing details changes in treasury stock, retained earnings, additional paid-in capital, and accumulated other comprehensive income compared to the previous fiscal year and quarter.
Why It Matters
This filing provides insight into the company's financial health and equity structure changes, which can influence investor decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing with no immediate red flags.
Key Numbers
- 2024-11-30 — End of Q1 FY25 (Reporting period for financial data)
- 2023-11-30 — End of Q1 FY24 (Comparative period)
Key Players & Entities
- FRANKLIN COVEY CO (company) — Filer of the 10-Q
- 20241130 (date) — End of the reporting period
- 20250110 (date) — Filing date
FAQ
What were the specific dollar amounts for retained earnings as of November 30, 2024?
The filing indicates 'us-gaap:RetainedEarningsMember' for 2024-11-30, but specific dollar amounts are not provided in this header data.
How did treasury stock change from the end of fiscal year 2024 to the end of Q1 FY25?
The filing shows 'us-gaap:TreasuryStockCommonMember' for both 2024-08-31 and 2024-11-30, suggesting a change occurred, but specific values are not detailed here.
What is the company's Standard Industrial Classification (SIC) code?
The SIC code listed is 8741, for SERVICES-MANAGEMENT SERVICES.
When did the company change its name from Franklin Quest Co.?
The date of the name change from Franklin Quest Co. to FRANKLIN COVEY CO was 19940218.
What is the fiscal year end for Franklin Covey Co.?
The fiscal year end for Franklin Covey Co. is 0831.
Filing Stats: 4,299 words · 17 min read · ~14 pages · Grade level 17.6 · Accepted 2025-01-10 12:10:57
Key Financial Figures
- $0.05 — nge on which registered Common Stock, $0.05 Par Value FC New York Stock Exchang
Filing Documents
- fc-20241130x10q.htm (10-Q) — 2196KB
- fc-20241130xex31_1.htm (EX-31.1) — 12KB
- fc-20241130xex31_2.htm (EX-31.2) — 13KB
- fc-20241130xex32.htm (EX-32) — 9KB
- fc-20241130x10qg001.jpg (GRAPHIC) — 19KB
- 0000886206-25-000004.txt ( ) — 7149KB
- fc-20241130.xsd (EX-101.SCH) — 22KB
- fc-20241130_cal.xml (EX-101.CAL) — 43KB
- fc-20241130_def.xml (EX-101.DEF) — 68KB
- fc-20241130_lab.xml (EX-101.LAB) — 202KB
- fc-20241130_pre.xml (EX-101.PRE) — 187KB
- fc-20241130x10q_htm.xml (XML) — 1566KB
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) November 30, August 31, 2024 2024 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 53,294 $ 48,663 Accounts receivable, less allowance for credit losses of $ 2,141 and $ 3,015 61,419 86,002 Inventories 3,828 4,002 Prepaid expenses and other current assets 20,247 21,586 Total current assets 138,788 160,253 Property and equipment, net 8,733 8,736 Intangible assets, net 37,163 37,766 Goodwill 31,220 31,220 Deferred income tax assets 834 870 Other long-term assets 23,168 22,694 $ 239,906 $ 261,539 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of notes payable $ 835 $ 835 Current portion of financing obligation 2,166 3,112 Accounts payable 5,961 7,862 Deferred subscription revenue 88,868 101,218 Customer deposits 21,815 16,972 Accrued liabilities 23,893 32,454 Total current liabilities 143,538 162,453 Notes payable, less current portion 789 775 Financing obligation, less current portion 1,312 1,312 Other liabilities 10,707 10,732 Deferred income tax liabilities 2,913 3,132 Total liabilities 159,259 178,404 Shareholders' equity: Common stock, $ 0.05 par value; 40,000 shares authorized, 27,056 shares issued 1,353 1,353 Additional paid-in capital 227,273 231,813 Retained earnings 124,385 123,204 Accumulated other comprehensive loss ( 970 ) ( 768 ) Treasury stock at cost, 13,867 shares and 14,084 shares ( 271,394 ) ( 272,467 ) Total shareholders' equity 80,647 83,135 $ 239,906 $ 261,539 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 amounts)