FREQUENCY ELECTRONICS INC company info

CIK 39020
IRS Number 111986657
State of incorporation DE
Business address 55 CHARLES LINDBERGH BLVD
None
MITCHEL FIELD
NY
11553
Mail address 55 CHARLES LINDBERGH BOULEVARD
None
MITCHELL FIELD
NY
11553

Short summary

FREQUENCY ELECTRONICS INC is a New York company, with head office located at 55 Charles Lindbergh Blvd Mitchel Field, New York 11553. In 2017 the company owned a total of 83.58 million USD worth of assets, including 52.08 million USD worth of current assets. 2015 was the year when the company amassed the most assets.

FREQUENCY ELECTRONICS INC Income Statement

Name [in Millions USD]200920102011201220132014201520162017Trends
Gross Profit 19.9724.6225.1124.7523.5520.4411.255.16
Selling, General and Administrative Expense 11.4014.0614.7014.0614.2111.3811.9010.61
Research and development 5.083.865.735.815.675.936.886.95
Operating Income (Loss) 3.496.704.684.873.681.30-7.53-12.40
Interest expense 0.120.120.200.160.140.130.150.08
Other Nonoperating Income (Expense) -0.10-0.14-0.070.70-0.040.410.09-0.07
Income Tax Expense (Benefit) -2.42-0.561.402.261.711.07-2.1211.18
Net income 6.027.373.694.042.831.01-4.82-23.78

FREQUENCY ELECTRONICS INC Balance Sheet

Name [in Millions USD]200920102011201220132014201520162017Trends
Cash and cash equivalents 9.955.284.783.467.707.226.082.167.87
Available-for-sale Securities, Current 17.6618.2716.0311.1911.117.826.15
Accounts Receivable, Net, Current 11.6610.877.787.749.69910.994.27
Inventories 28.1734.3037.5241.2338.2441.2829.0526.19
Deferred income taxes 2.583.153.173.223.063.142.612.11
Property, Plant and Equipment, Gross 48.3550.2455.6358.2161.3859.0860.29
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 39.9841.9244.3945.5348.3144.2746.17
Other Assets, Noncurrent 0.820.981.711.701.741.692.192.85
Total assets 89.83106.23108.91119.46117.83120.21113.3283.58
Current assets 67.7479.3681.0287.8683.6084.3169.8652.08
Accounts payable 1.652.641.210.94
Total current liabilities 7.3916.119.339.708.358.768.115.26
Long-term Debt, Excluding Current Maturities 610.1011.40
Long-term Debt 6
Total liabilities 18.3027.1026.4631.1226.0226.8623.9920.32
Common Stock, Value, Issued 9.169.169.169.169.169.169.169.16
Retained Earnings (Accumulated Deficit) 11.2918.6620.6624.7027.5328.5323.71-0.07
Accumulated Other Comprehensive Income (Loss), Net of Tax 5.194.173.914.012.891.962.28-0.92

FREQUENCY ELECTRONICS INC Cash Flow

Name [in Millions USD]200920102011201220132014201520162017Trends
Net income 6.027.373.694.042.831.01-4.82-23.78
Depreciation and amortization 1.942.242.412.472.942.712.642.48
Depreciation 2.222.252.312.832.462.612.47
Amortization of Intangible Assets 0.020.090.090.07
Depreciation and amortization 2.242.412.472.942.712.642.48
Deferred Income Tax Expense (Benefit) -3.55-0.04-0.81-0.26-0.72-0.24-1.3512.17
Accounts receivable 1.614.52-0.471.633.211.723.60-5.90
Inventories 1.754.246.023.10-1.273.74-2.172.11
Net Cash Provided by (Used in) Operating Activities 1.882.142.833.641.882.923.894.53
Payments to Acquire Property, Plant, and Equipment 1.951.402.255.414.163.265.231.42
Payments to Acquire Businesses, Net of Cash Acquired 4.480
Net Cash Provided by (Used in) Investing Activities -6.72-8.00-2.01-3.571.16-3.53-1.450.34
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -3.35-1.410.29
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.860.951.111.080.820.660.47
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.860.951.111.080.820.660.47
Net Cash Provided by (Used in) Financing Activities -0.155.71-1.874.27-3.900.14-6.670
Cash and Cash Equivalents, Period Increase (Decrease) -4.68-0.49-1.324.24-0.48-1.14-3.345.13