IEC ELECTRONICS CORP company info

CIK 49728
IRS Number 133458955
State of incorporation DE
Business address 105 NORTON ST
None
NEWARK
NY
14513
Mail address 105 NORTON STREET
None
NEWARK
NY
14513

Short summary

IEC ELECTRONICS CORP is a New York company, with head office located at 105 Norton St Newark, New York 14513. The company achieved a record breaking net income in 2011 - 6.76 million USD. In 2016 the company owned a total of 52.21 million USD worth of assets, including 35.17 million USD worth of current assets. 2012 was the year when the company amassed the most assets. The company net sales last year amounted to 127.01 million USD.

IEC ELECTRONICS CORP Income Statement

Name [in Millions USD]20092010201120122013201420152016Trends
Revenue, Net 96.67133.30144.96140.95135.62127.00127.01
Cost of Goods and Services Sold 80.41109.04118.66123.27120.30110.70106.72
Gross Profit 16.2624.2626.3117.6815.3216.3020.29
Selling, General and Administrative Expense 8.5815.3715.7715.4514.5716.6314.03
Operating Income (Loss) 7.6910.3912.19-13.84-0.38-1.666.25
Other Nonoperating Income (Expense) 0.181.031.05-0.05-0.020
Income Tax Expense (Benefit) 2.403.063.67-5.5212.880.000.07
Net income 4.666.766.69-9.53-15.07-10.194.79

IEC ELECTRONICS CORP Balance Sheet

Name [in Millions USD]20092010201120122013201420152016Trends
Cash and cash equivalents 1.27003.101.73
Accounts Receivable, Net, Current 20.3022.6822.9423.2521.0218.2315.92
Inventories 17.4819.5721.6721.1527.4323.8918.23
Deferred income taxes 3.943.861.371.380
Property, Plant and Equipment, Gross 41.4046.3450.5853.5951.4154.38
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment -23.8728.0332.0936.5336.3537.51
Goodwill 13.8113.8113.812.010.100.100.10
Intangible Assets, Net (Excluding Goodwill) 6.085.635.172.460.140.120.08
Other Assets, Noncurrent 0.190.140.370.240.160.260.17
Total assets 87.7887.4294.4769.9368.0660.0652.21
Current assets 42.0846.6749.8848.5750.7044.5135.17
Accounts payable 7.7713.4717.1314.3417.7011.8412.87
Total current liabilities 18.4824.1123.0921.9940.1723.5516.66
Long-term Debt, Excluding Current Maturities 38.4423.7730.6331.5818.8724.1615.08
Long-term Debt 30.5233.4134.4933.0226.8416.06
Total liabilities 56.9247.8853.9153.7259.6248.2538.53
Common Stock, Value, Issued 0.110.110.110.110.110.110.10
Retained Earnings (Accumulated Deficit) -10.28-1.89-1.82-12.13-35.90-32.74-31.63

IEC ELECTRONICS CORP Cash Flow

Name [in Millions USD]20092010201120122013201420152016Trends
Net income 4.666.766.69-9.53-15.07-10.194.79
Depreciation and amortization 1.223.264.304.804.853.863.15
Depreciation 2.803.804.264.563.813.05
Amortization of Intangible Assets 0.370.450.450.250.040.04
Deferred Income Tax Expense (Benefit) 2.152.923.25-5.6513.030
Accounts receivable 1.431.563.874.86-5.532.54-7.69
Inventories 0.941.131.604.210.625.36-10.48
Accounts payable 2.624.052.950.810.900.60-7.47
Net Cash Provided by (Used in) Operating Activities 7.8314.0412.97-4.349.10-1.1515.27
Payments to Acquire Property, Plant, and Equipment 2.174.883.085.104.472.733.26
Payments to Acquire Businesses, Net of Cash Acquired 25.780
Net Cash Provided by (Used in) Investing Activities -18.99-30.49-3.03-5.08-4.140.30-3.24
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -3.96-2.04-3.24
Proceeds from Issuance of Long-term Debt 11.3220.840241.300
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.030.040.040.010.542.040.44
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.030.040.040.010.542.040.44
Proceeds from Stock Plans 0.020.060.10000.01
Net Cash Provided by (Used in) Financing Activities 11.1616.46-7.279.26-5.48-0.72-11.60
Cash and Cash Equivalents, Period Increase (Decrease) 002.66-0.16-0.52-1.570.44