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10-Q Filing

BUTLER NATIONAL CORP CIK: 15847 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0000015847-11-000038
Period End Date 20110731
Filing Date 20110914
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance buks-20110731.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 106 line items
Line Item Tag Value Unit Period
Cash Cash $8.71M USD Point-in-time
Cash Cash $5.55M USD Point-in-time
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $73.89K USD Point-in-time
Cash Cash $8.48M USD Point-in-time
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $146.50K USD Point-in-time
Cash Cash $7.18M USD Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $73,886 at July 31, 2011 and $146,502 at April 30, 2011) AccountsReceivableNetCurrent $2.37M USD Point-in-time
Inventories, obsolete InventoryValuationReserves $1.79M USD Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $73,886 at July 31, 2011 and $146,502 at April 30, 2011) AccountsReceivableNetCurrent $2.13M USD Point-in-time
Inventories, obsolete InventoryValuationReserves $1.79M USD Point-in-time
SUPPLEMENTAL TYPE CERTIFICATES, accumulated amortization SupplementalTypeCertificatesAccumulatedAmortization $2.46M USD Point-in-time
SUPPLEMENTAL TYPE CERTIFICATES, accumulated amortization SupplementalTypeCertificatesAccumulatedAmortization $2.47M USD Point-in-time
Raw materials InventoryRawMaterials $5.33M USD Point-in-time
Accumulated amortization other assets AccumulatedAmortizationOtherAssets $292.46K USD Point-in-time
Raw materials InventoryRawMaterials $5.20M USD Point-in-time
Accumulated amortization other assets AccumulatedAmortizationOtherAssets $321.91K USD Point-in-time
Work in process InventoryWorkInProcess $1.09M USD Point-in-time
Work in process InventoryWorkInProcess $1.17M USD Point-in-time
Finished goods InventoryFinishedGoods $709.14K USD Point-in-time
Finished goods InventoryFinishedGoods $723.97K USD Point-in-time
Total inventory InventoryNet $7.20M USD Point-in-time
Total inventory InventoryNet $7.01M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $964.12K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.24M USD Point-in-time
Total current assets AssetsCurrent $18.58M USD Point-in-time
Total current assets AssetsCurrent $17.99M USD Point-in-time
Land and building LandAndBuildingGross $3.14M USD Point-in-time
Land and building LandAndBuildingGross $3.14M USD Point-in-time
Aircraft FlightEquipmentOwnedGross $5.95M USD Point-in-time
Aircraft FlightEquipmentOwnedGross $5.95M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $3.50M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $3.51M USD Point-in-time
Office furniture and fixtures FurnitureAndFixturesGross $1.03M USD Point-in-time
Office furniture and fixtures FurnitureAndFixturesGross $1.02M USD Point-in-time
Leasehold improvements LeaseholdImprovementsGross $31.39K USD Point-in-time
Leasehold improvements LeaseholdImprovementsGross $31.39K USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $13.66M USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $13.65M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $5.20M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.77M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.88M USD Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.46M USD Point-in-time
Preferred stock, outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
SUPPLEMENTAL TYPE CERTIFICATES: (net of amortization of $2,473,753 at July 31, 2011 and $2,464,183 at April 30, 2011) IntangibleAssetsNetExcludingGoodwill $1.69M USD Point-in-time
SUPPLEMENTAL TYPE CERTIFICATES: (net of amortization of $2,473,753 at July 31, 2011 and $2,464,183 at April 30, 2011) IntangibleAssetsNetExcludingGoodwill $1.70M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Deferred tax asset DeferredTaxAssetsNetNoncurrent $1.23M USD Point-in-time
Deferred tax asset DeferredTaxAssetsNetNoncurrent $1.23M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 57.19M shares Point-in-time
Other assets (net of accumulated amortization of $321,914 at July 31, 2011 and $292,465 at April 30, 2011) OtherAssetsNoncurrent $1.75M USD Point-in-time
Other assets (net of accumulated amortization of $321,914 at July 31, 2011 and $292,465 at April 30, 2011) OtherAssetsNoncurrent $1.77M USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 57.19M shares Point-in-time
Total other assets AssetsNoncurrent $3.00M USD Point-in-time
Common stock, owed but not issued (in shares) CommonStockOwedButNotIssued 278,573.00 shares Point-in-time
Total other assets AssetsNoncurrent $2.97M USD Point-in-time
Common stock, owed but not issued (in shares) CommonStockOwedButNotIssued 278,573.00 shares Point-in-time
Treasury stock (in shares) TreasuryStockShares 600,000.00 shares Point-in-time
Total Assets Assets $32.16M USD Point-in-time
Treasury stock (in shares) TreasuryStockShares 600,000.00 shares Point-in-time
Total Assets Assets $31.11M USD Point-in-time
Line of Credit LinesOfCreditCurrent $91.80K USD Point-in-time
Line of Credit LinesOfCreditCurrent $520.65K USD Point-in-time
Current maturities of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $1.65M USD Point-in-time
Current maturities of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $1.81M USD Point-in-time
Accounts payable AccountsPayableCurrent $2.09M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.53M USD Point-in-time
Customer deposits CustomerDepositsCurrent $1.09M USD Point-in-time
Customer deposits CustomerDepositsCurrent $1.09M USD Point-in-time
Gaming facility mandated payment GamingFacilityMandatedPayment $2.03M USD Point-in-time
Gaming facility mandated payment GamingFacilityMandatedPayment $1.63M USD Point-in-time
Compensation and compensated absences EmployeeRelatedLiabilitiesCurrent $1.61M USD Point-in-time
Compensation and compensated absences EmployeeRelatedLiabilitiesCurrent $1.02M USD Point-in-time
Accrued income tax AccruedIncomeTaxesCurrent $157.88K USD Point-in-time
Accrued income tax AccruedIncomeTaxesCurrent $252.62K USD Point-in-time
Other OtherLiabilitiesCurrent $214.78K USD Point-in-time
Other OtherLiabilitiesCurrent $221.58K USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.82M USD Point-in-time
Total current liabilities LiabilitiesCurrent $9.19M USD Point-in-time
LONG-TERM DEBT, AND CAPITAL LEASE NET OF CURRENT MATURITIES: LongTermDebtAndCapitalLeaseObligations $4.94M USD Point-in-time
LONG-TERM DEBT, AND CAPITAL LEASE NET OF CURRENT MATURITIES: LongTermDebtAndCapitalLeaseObligations $4.62M USD Point-in-time
Total liabilities Liabilities $12.45M USD Point-in-time
Total liabilities Liabilities $14.13M USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
Common stock, par value $.01:Authorized 100,000,000 shares issued and outstanding 57,194,262 shares at July 31, 2011 and April 30, 2011 CommonStockValueOutstanding $571.94K USD Point-in-time
Common stock, par value $.01:Authorized 100,000,000 shares issued and outstanding 57,194,262 shares at July 31, 2011 and April 30, 2011 CommonStockValueOutstanding $571.94K USD Point-in-time
Common stock, owed but not issued 278,573 shares at July 31, 2011 and at April 30, 2011 CommonStockOtherValueOutstanding $2.79K USD Point-in-time
Common stock, owed but not issued 278,573 shares at July 31, 2011 and at April 30, 2011 CommonStockOtherValueOutstanding $2.79K USD Point-in-time
Capital contributed in excess of par AdditionalPaidInCapital $12.04M USD Point-in-time
Capital contributed in excess of par AdditionalPaidInCapital $11.91M USD Point-in-time
Treasury stock at cost, 600,000 shares TreasuryStockValue $732.00K USD Point-in-time
Treasury stock at cost, 600,000 shares TreasuryStockValue $732.00K USD Point-in-time
Minority Interest MinorityInterest $397.31K USD Point-in-time
Minority Interest MinorityInterest $-396.00 USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.27M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.38M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $18.66M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $18.03M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $31.11M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $32.16M USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
Aircraft / Modifications AircraftModifications $2.17M USD 1 Quarter
Aircraft / Modifications AircraftModifications $2.91M USD 1 Quarter
Avionics / Defense AvionicsDefense $640.93K USD 1 Quarter
Avionics / Defense AvionicsDefense $985.30K USD 1 Quarter
Management / Professional Services SalesRevenueServicesNet $1.13M USD 1 Quarter
Management / Professional Services SalesRevenueServicesNet $1.15M USD 1 Quarter
Gaming facility GamingFacility $7.47M USD 1 Quarter
Gaming facility GamingFacility $5.24M USD 1 Quarter
Net Revenue SalesRevenueNet $12.15M USD 1 Quarter
Net Revenue SalesRevenueNet $9.55M USD 1 Quarter
Aircraft / Modifications CostOfAircraftModifications $2.27M USD 1 Quarter
Aircraft / Modifications CostOfAircraftModifications $1.97M USD 1 Quarter
Avionics / Defense CostOfAvionicsDefense $664.98K USD 1 Quarter
Avionics / Defense CostOfAvionicsDefense $383.21K USD 1 Quarter
Management / Professional Services CostOfServices $310.67K USD 1 Quarter
Management / Professional Services CostOfServices $354.62K USD 1 Quarter
Gaming facility CostOfGamingFacility $2.05M USD 1 Quarter
Gaming facility CostOfGamingFacility $1.58M USD 1 Quarter
Total Cost of Sales CostOfGoodsAndServicesSold $5.30M USD 1 Quarter
Total Cost of Sales CostOfGoodsAndServicesSold $4.29M USD 1 Quarter
GROSS PROFIT GrossProfit $5.25M USD 1 Quarter
GROSS PROFIT GrossProfit $6.85M USD 1 Quarter
OPERATING EXPENSES MARKETING, GENERAL & ADMINISTRATIVE OperatingExpenses $6.17M USD 1 Quarter
OPERATING EXPENSES MARKETING, GENERAL & ADMINISTRATIVE OperatingExpenses $5.32M USD 1 Quarter
OPERATING INCOME (LOSS) OperatingIncomeLoss $-63.82K USD 1 Quarter
OPERATING INCOME (LOSS) OperatingIncomeLoss $674.47K USD 1 Quarter
Interest expense InterestExpense $88.41K USD 1 Quarter
Interest expense InterestExpense $91.33K USD 1 Quarter
Other OtherNonoperatingIncomeExpense $-38.60K USD 1 Quarter
Other OtherNonoperatingIncomeExpense $2.41K USD 1 Quarter
Other income (expense) NonoperatingIncomeExpense $-129.94K USD 1 Quarter
Other income (expense) NonoperatingIncomeExpense $-86.00K USD 1 Quarter
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $588.47K USD 1 Quarter
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-193.75K USD 1 Quarter
PROVISION FOR BENEFIT FROM INCOME TAXES IncomeTaxExpenseBenefit $-82.05K USD 1 Quarter
PROVISION FOR BENEFIT FROM INCOME TAXES IncomeTaxExpenseBenefit $82.41K USD 1 Quarter
NET INCOME (LOSS) BEFORE MINORITY INTEREST NetIncomeLoss $506.06K USD 1 Quarter
NET INCOME (LOSS) BEFORE MINORITY INTEREST NetIncomeLoss $-111.70K USD 1 Quarter
MINORITY INTEREST NetIncomeLossAttributableToNoncontrollingInterest $-1.16K USD 1 Quarter
MINORITY INTEREST NetIncomeLossAttributableToNoncontrollingInterest $397.71K USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-110.54K USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $108.35K USD 1 Quarter
BASIC EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareBasic - USD 1 Quarter
BASIC EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareBasic - USD 1 Quarter
Shares used in per share calculation (in shares) WeightedAverageNumberOfSharesOutstandingBasic 56.59M shares 1 Quarter
Shares used in per share calculation (in shares) WeightedAverageNumberOfSharesOutstandingBasic 55.96M shares 1 Quarter
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareDiluted - USD 1 Quarter
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) EarningsPerShareDiluted - USD 1 Quarter
Shares used in per share calculation (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 55.96M shares 1 Quarter
Shares used in per share calculation (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 56.59M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $506.06K USD 1 Quarter
Net income (loss) NetIncomeLoss $-111.70K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortizationExcludingAmortizationOfSupplementalTypeCertificates $285.31K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortizationExcludingAmortizationOfSupplementalTypeCertificates $462.97K USD 1 Quarter
Amortization (Supplemental Type Certificates) AmortizationSupplementalTypeCertificates $10.19K USD 1 Quarter
Amortization (Supplemental Type Certificates) AmortizationSupplementalTypeCertificates $9.57K USD 1 Quarter
Stock options issued to employees and directors StockOptionPlanExpense $125.49K USD 1 Quarter
Stock options issued to employees and directors StockOptionPlanExpense - USD 1 Quarter
Loss on sale of fixed asset GainLossOnSaleOfPropertyPlantEquipment $-43.45K USD 1 Quarter
Loss on sale of fixed asset GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $242.06K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $437.76K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $491.95K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $189.42K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $559.54K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $273.81K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $95.36K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-566.84K USD 1 Quarter
Customer deposits IncreaseDecreaseInCustomerDeposits $-218.00 USD 1 Quarter
Customer deposits IncreaseDecreaseInCustomerDeposits $711.03K USD 1 Quarter
Deposits other IncreaseDecreaseInOtherDeposits - USD 1 Quarter
Deposits other IncreaseDecreaseInOtherDeposits $-1.70M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-580.66K USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-949.15K USD 1 Quarter
Gaming facility mandated payment IncreaseDecreaseInGamingFacilityMandatedPayment $680.27K USD 1 Quarter
Gaming facility mandated payment IncreaseDecreaseInGamingFacilityMandatedPayment $-396.55K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-101.55K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-28.69K USD 1 Quarter
Cash flows from operating activities NetCashProvidedByUsedInOperatingActivities $-1.25M USD 1 Quarter
Cash flows from operating activities NetCashProvidedByUsedInOperatingActivities $-2.45M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $16.60K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $305.46K USD 1 Quarter
Proceeds from sale of land/other assets ProceedsFromSaleOfProductiveAssets - USD 1 Quarter
Proceeds from sale of land/other assets ProceedsFromSaleOfProductiveAssets $39.00K USD 1 Quarter
Cash flows from investing activities NetCashProvidedByUsedInInvestingActivities $-266.46K USD 1 Quarter
Cash flows from investing activities NetCashProvidedByUsedInInvestingActivities $-16.60K USD 1 Quarter
Borrowings under line of credit, net ProceedsFromRepaymentsOfLinesOfCredit $105.35K USD 1 Quarter
Borrowings under line of credit, net ProceedsFromRepaymentsOfLinesOfCredit $428.86K USD 1 Quarter
Contributed capital ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $5.00K USD 1 Quarter
Contributed capital ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet - USD 1 Quarter
Repayments of promissory notes, long-term debt and capital lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $469.99K USD 1 Quarter
Repayments of promissory notes, long-term debt and capital lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $538.40K USD 1 Quarter
Cash flows from financing activities NetCashProvidedByUsedInFinancingActivities $-36.14K USD 1 Quarter
Cash flows from financing activities NetCashProvidedByUsedInFinancingActivities $-433.05K USD 1 Quarter
NET INCREASE (DECREASE) IN CASH CashPeriodIncreaseDecrease $-1.30M USD 1 Quarter
NET INCREASE (DECREASE) IN CASH CashPeriodIncreaseDecrease $-3.15M USD 1 Quarter
CASH, beginning of period Cash $8.71M USD Point-in-time
CASH, beginning of period Cash $5.55M USD Point-in-time
CASH, beginning of period Cash $8.48M USD Point-in-time
CASH, beginning of period Cash $7.18M USD Point-in-time
CASH, end of period Cash $8.71M USD Point-in-time
CASH, end of period Cash $5.55M USD Point-in-time
CASH, end of period Cash $8.48M USD Point-in-time
CASH, end of period Cash $7.18M USD Point-in-time
Interest paid InterestPaid $88.60K USD 1 Quarter
Interest paid InterestPaid $91.75K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $605.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $202.15K USD 1 Quarter
Non cash options to employee NonCashOptionsToEmployee $125.49K USD 1 Quarter
Non cash options to employee NonCashOptionsToEmployee - USD 1 Quarter
Non cash stock issues StockIssued1 - USD 1 Quarter
Non cash stock issues StockIssued1 - USD 1 Quarter

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

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