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10-K Filing

BRIDGFORD FOODS CORP CIK: 14177 FY 2022
Filing Information
Form Type 10-K
Accession Number 0001493152-23-002631
Period End Date 20221031
Filing Date 20230126
Fiscal Year 2022
Fiscal Period FY
XBRL Instance form10-k_htm.xml
Balance Sheet 77 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $177.00K USD Point-in-time
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $127.00K USD Point-in-time
Accounts receivable, allowance for promotional allowances AllowanceForPromotions $2.77M USD Point-in-time
Accounts receivable, allowance for promotional allowances AllowanceForPromotions $2.87M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $16.33M USD Point-in-time
Property, plant and equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $70.97M USD Point-in-time
Property, plant and equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $64.53M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $375.00K USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Accounts receivable, less allowance for doubtful accounts of $177 and $127, respectively, and promotional allowances of $2,771 and $2,869, respectively AccountsReceivableNetCurrent $24.38M USD Point-in-time
Accounts receivable, less allowance for doubtful accounts of $177 and $127, respectively, and promotional allowances of $2,771 and $2,869, respectively AccountsReceivableNetCurrent $34.54M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Inventories, net InventoryNet $40.53M USD Point-in-time
Inventories, net InventoryNet $36.77M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Refundable income taxes IncomeTaxesReceivable $1.20M USD Point-in-time
Refundable income taxes IncomeTaxesReceivable $6.16M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 20.00M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $2.57M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $321.00K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 20.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 9.08M shares Point-in-time
Total current assets AssetsCurrent $70.26M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 9.08M shares Point-in-time
Total current assets AssetsCurrent $92.93M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 9.08M shares Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $70,968 and $64,527, respectively PropertyPlantAndEquipmentNet $72.89M USD Point-in-time
Property, plant and equipment, net of accumulated depreciation and amortization of $70,968 and $64,527, respectively PropertyPlantAndEquipmentNet $71.83M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 9.08M shares Point-in-time
Other non-current assets OtherAssetsNoncurrent $13.65M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $11.59M USD Point-in-time
Total assets Assets $176.35M USD Point-in-time
Total assets Assets $156.79M USD Point-in-time
Accounts payable AccountsPayableCurrent $12.39M USD Point-in-time
Accounts payable AccountsPayableCurrent $13.66M USD Point-in-time
Accrued payroll, advertising and other expenses AccruedLiabilitiesCurrent $6.89M USD Point-in-time
Accrued payroll, advertising and other expenses AccruedLiabilitiesCurrent $7.85M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $224.00K USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $98.00K USD Point-in-time
Current notes payable equipment (Note 5) NotesPayableCurrent $1.09M USD Point-in-time
Current notes payable equipment (Note 5) NotesPayableCurrent $1.06M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $4.03M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $5.18M USD Point-in-time
Total current liabilities LiabilitiesCurrent $26.85M USD Point-in-time
Total current liabilities LiabilitiesCurrent $25.62M USD Point-in-time
Long-term notes payable equipment, bridge loan and revolving credit facility (Note 5) LongTermNotesPayable $3.82M USD Point-in-time
Long-term notes payable equipment, bridge loan and revolving credit facility (Note 5) LongTermNotesPayable $36.00M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxLiabilitiesNet $8.97M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxLiabilitiesNet $3.40M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $10.37M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $16.79M USD Point-in-time
Total liabilities Liabilities $50.02M USD Point-in-time
Total liabilities Liabilities $81.81M USD Point-in-time
Contingencies and commitments (Notes 3, 5 and 6) CommitmentsAndContingencies - USD Point-in-time
Contingencies and commitments (Notes 3, 5 and 6) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, without par value; Authorized - 1,000,000 shares; issued and outstanding none PreferredStockValue - USD Point-in-time
Preferred stock, without par value; Authorized - 1,000,000 shares; issued and outstanding none PreferredStockValue - USD Point-in-time
Common stock, $1.00 par value; Authorized - 20,000,000 shares; issued and outstanding 9,076,832 shares CommonStockValue $9.13M USD Point-in-time
Common stock, $1.00 par value; Authorized - 20,000,000 shares; issued and outstanding 9,076,832 shares CommonStockValue $9.13M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $8.30M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $8.30M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $74.25M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $119.32M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-10.43M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-16.71M USD Point-in-time
Total shareholders equity StockholdersEquity $71.25M USD Point-in-time
Total shareholders equity StockholdersEquity $74.98M USD Point-in-time
Total shareholders equity StockholdersEquity $126.33M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $176.35M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $156.79M USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $265.90M USD Annual
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $240.43M USD Annual
Cost of products sold CostOfGoodsAndServicesSold $193.84M USD Annual
Cost of products sold CostOfGoodsAndServicesSold $189.05M USD Annual
Gross margin GrossProfit $72.06M USD Annual
Gross margin GrossProfit $51.38M USD Annual
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $60.13M USD Annual
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $65.23M USD Annual
Gain on sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $57.74M USD Annual
Gain on sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $504.00K USD Annual
Operating income (loss) OperatingIncomeLoss $-8.24M USD Annual
Operating income (loss) OperatingIncomeLoss $64.57M USD Annual
Interest expense InterestExpense $1.11M USD Annual
Interest expense InterestExpense $1.21M USD Annual
Cash surrender value (loss) gain GainOnCashSurrenderValue $-2.06M USD Annual
Cash surrender value (loss) gain GainOnCashSurrenderValue $2.17M USD Annual
Total other (expense) income NonoperatingIncomeExpense $957.00K USD Annual
Total other (expense) income NonoperatingIncomeExpense $-3.16M USD Annual
Income (loss) before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $61.41M USD Annual
Income (loss) before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-7.28M USD Annual
Provision for (benefit on) income taxes IncomeTaxExpenseBenefit $-1.78M USD Annual
Provision for (benefit on) income taxes IncomeTaxExpenseBenefit $16.34M USD Annual
Net income (loss) NetIncomeLoss $-5.50M USD Annual
Net income (loss) NetIncomeLoss $45.07M USD Annual
Basic earnings (loss) per share EarningsPerShareBasic $-0.61 USD Annual
Basic earnings (loss) per share EarningsPerShareBasic $4.96 USD Annual
Shares used to compute basic earnings (loss) per share WeightedAverageNumberOfSharesOutstandingBasic 9.08M shares Annual
Shares used to compute basic earnings (loss) per share WeightedAverageNumberOfSharesOutstandingBasic 9.08M shares Annual
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $45.07M USD Annual
Net income (loss) ProfitLoss $-5.50M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $6.68M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $6.67M USD Annual
Provision for losses on accounts receivable ProvisionForDoubtfulAccounts $57.00K USD Annual
Provision for losses on accounts receivable ProvisionForDoubtfulAccounts $125.00K USD Annual
(Reduction in) provision for promotional allowances ProvisionForPromotionalAllowances $319.00K USD Annual
(Reduction in) provision for promotional allowances ProvisionForPromotionalAllowances $-98.00K USD Annual
Gain on sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $57.74M USD Annual
Gain on sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $504.00K USD Annual
Deferred income taxes, net DeferredIncomeTaxExpenseBenefit $1.06M USD Annual
Deferred income taxes, net DeferredIncomeTaxExpenseBenefit $5.07M USD Annual
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $1.01M USD Annual
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $10.12M USD Annual
Inventories, net IncreaseDecreaseInInventories $7.47M USD Annual
Inventories, net IncreaseDecreaseInInventories $3.76M USD Annual
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.88M USD Annual
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-2.25M USD Annual
Refundable income taxes IncreaseDecreaseInIncomeTaxesReceivable $-3.36M USD Annual
Refundable income taxes IncreaseDecreaseInIncomeTaxesReceivable $-4.96M USD Annual
Other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $3.55M USD Annual
Other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $11.00K USD Annual
Accounts payable IncreaseDecreaseInAccountsPayable $1.89M USD Annual
Accounts payable IncreaseDecreaseInAccountsPayable $1.27M USD Annual
Accrued payroll, advertising and other expenses IncreaseDecreaseInAccruedLiabilities $963.00K USD Annual
Accrued payroll, advertising and other expenses IncreaseDecreaseInAccruedLiabilities $909.00K USD Annual
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $126.00K USD Annual
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $4.00K USD Annual
Current portion of non-current liabilities IncreaseDecreaseInOtherCurrentLiabilities $-1.88M USD Annual
Current portion of non-current liabilities IncreaseDecreaseInOtherCurrentLiabilities $722.00K USD Annual
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-657.00K USD Annual
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-1.12M USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-7.83M USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-5.99M USD Annual
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $520.00K USD Annual
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $60.12M USD Annual
Changes in escrow balance ChangesInEscrowBalance $-750.00K USD Annual
Changes in escrow balance ChangesInEscrowBalance - USD Annual
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.77M USD Annual
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $6.24M USD Annual
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $56.34M USD Annual
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-6.47M USD Annual
Payment of capital lease obligations RepaymentsOfDebtAndCapitalLeaseObligations $538.00K USD Annual
Payment of capital lease obligations RepaymentsOfDebtAndCapitalLeaseObligations $400.00K USD Annual
Proceeds from bank borrowings ProceedsFromBankDebt $6.00M USD Annual
Proceeds from bank borrowings ProceedsFromBankDebt $12.00M USD Annual
Repayments of bank borrowings RepaymentsOfBankDebt $38.16M USD Annual
Repayments of bank borrowings RepaymentsOfBankDebt $4.05M USD Annual
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-32.56M USD Annual
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $7.41M USD Annual
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-5.05M USD Annual
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $15.96M USD Annual
Cash and cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $16.33M USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $5.43M USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $375.00K USD Point-in-time
Cash and cash equivalents and restricted cash at end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $16.33M USD Point-in-time
Cash and cash equivalents and restricted cash at end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $5.43M USD Point-in-time
Cash and cash equivalents and restricted cash at end of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $375.00K USD Point-in-time
Cash paid for income taxes IncomeTaxesPaidNet $13.35M USD Annual
Cash paid for income taxes IncomeTaxesPaidNet $148.00K USD Annual
Cash paid for interest InterestPaidNet $1.21M USD Annual
Cash paid for interest InterestPaidNet $1.11M USD Annual
Repayment of equipment loans with bridge loan (see Note 5) NoncashRepaymentOfEquipmentLoansWithBridgeLoan - USD Annual
Repayment of equipment loans with bridge loan (see Note 5) NoncashRepaymentOfEquipmentLoansWithBridgeLoan $10.33M USD Annual
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
Beginning balance, value StockholdersEquity $71.25M USD Point-in-time
Beginning balance, value StockholdersEquity $74.98M USD Point-in-time
Beginning balance, value StockholdersEquity $126.33M USD Point-in-time
Net income (loss) NetIncomeLoss $-5.50M USD Annual
Net income (loss) NetIncomeLoss $45.07M USD Annual
Net change in defined benefit plans and other benefit plans, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $9.23M USD Annual
Net change in defined benefit plans and other benefit plans, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $6.28M USD Annual
Ending balance, value StockholdersEquity $71.25M USD Point-in-time
Ending balance, value StockholdersEquity $74.98M USD Point-in-time
Ending balance, value StockholdersEquity $126.33M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-5.50M USD Annual
Net income (loss) NetIncomeLoss $45.07M USD Annual
Other comprehensive income from defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent $-11.99M USD Annual
Other comprehensive income from defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent $-6.91M USD Annual
Actuarial gain OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax $352.00K USD Annual
Actuarial gain OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax $1.15M USD Annual
Other comprehensive income from other postretirement benefit plans, net OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax $-352.00K USD Annual
Other comprehensive income from other postretirement benefit plans, net OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax $-1.15M USD Annual
Other comprehensive income, before taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $12.34M USD Annual
Other comprehensive income, before taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent $8.06M USD Annual
Tax benefit on other comprehensive income OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $3.11M USD Annual
Tax benefit on other comprehensive income OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $1.78M USD Annual
Change in other comprehensive income, net of tax OtherComprehensiveIncomeOtherNetOfTax $6.28M USD Annual
Change in other comprehensive income, net of tax OtherComprehensiveIncomeOtherNetOfTax $9.23M USD Annual
Comprehensive income, net of tax ComprehensiveIncomeNetOfTax $3.73M USD Annual
Comprehensive income, net of tax ComprehensiveIncomeNetOfTax $51.35M USD Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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