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10-Q Filing

IDT CORP CIK: 1005731 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001213900-15-009398
Period End Date 20151031
Filing Date 20151210
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance idt-20151031.xml
Filing Contents
Balance Sheet 81 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $5.62M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $5.64M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, authorized shares PreferredStockSharesAuthorized 10.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $110.36M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $168.20M USD Point-in-time
Preferred stock, authorized shares PreferredStockSharesAuthorized 10.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $153.82M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $105.47M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalentsAtCarryingValue $81.69M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued - shares Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalentsAtCarryingValue $91.03M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued - shares Point-in-time
Marketable securities MarketableSecuritiesCurrent $40.29M USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $47.32M USD Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $5,623 at October 31, 2015 and $5,645 at July 31, 2015 ReceivablesNetCurrent $58.54M USD Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $5,623 at October 31, 2015 and $5,645 at July 31, 2015 ReceivablesNetCurrent $59.04M USD Point-in-time
Receivable from sale of interest in Fabrix Systems Ltd. ReceivableFromDivestitureOfInterestInConsolidatedSubsidiaries $8.47M USD Point-in-time
Receivable from sale of interest in Fabrix Systems Ltd. ReceivableFromDivestitureOfInterestInConsolidatedSubsidiaries $3.70M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $17.30M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $15.80M USD Point-in-time
Deferred income tax assets, net-current portion DeferredTaxAssetsNetCurrent $843.00K USD Point-in-time
Deferred income tax assets, net-current portion DeferredTaxAssetsNetCurrent $843.00K USD Point-in-time
Other current assets OtherAssetsCurrent $14.34M USD Point-in-time
Other current assets OtherAssetsCurrent $13.69M USD Point-in-time
Total current assets AssetsCurrent $327.56M USD Point-in-time
Total current assets AssetsCurrent $341.19M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $91.32M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $91.76M USD Point-in-time
Goodwill Goodwill $14.39M USD Point-in-time
Goodwill Goodwill $14.39M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $1.28M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $1.18M USD Point-in-time
Investments LongTermInvestments $12.22M USD Point-in-time
Investments LongTermInvestments $12.34M USD Point-in-time
Deferred income tax assets, net-long-term portion DeferredTaxAssetsNetNoncurrent $12.48M USD Point-in-time
Deferred income tax assets, net-long-term portion DeferredTaxAssetsNetNoncurrent $9.69M USD Point-in-time
Other assets OtherAssetsNoncurrent $12.55M USD Point-in-time
Other assets OtherAssetsNoncurrent $12.69M USD Point-in-time
Total assets Assets $485.68M USD Point-in-time
Total assets Assets $469.34M USD Point-in-time
Trade accounts payable AccountsPayableCurrent $30.94M USD Point-in-time
Trade accounts payable AccountsPayableCurrent $29.14M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $139.27M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $132.34M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $86.30M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $86.26M USD Point-in-time
Customer deposits CustomerDepositsCurrent $78.19M USD Point-in-time
Customer deposits CustomerDepositsCurrent $84.45M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $539.00K USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $391.00K USD Point-in-time
Notes payable-current portion NotesPayableCurrent $6.35M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $3.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $3.16M USD Point-in-time
Total current liabilities LiabilitiesCurrent $331.44M USD Point-in-time
Total current liabilities LiabilitiesCurrent $348.91M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $1.79M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $1.83M USD Point-in-time
Total liabilities Liabilities $333.23M USD Point-in-time
Total liabilities Liabilities $350.74M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $.01 par value; authorized shares-10,000; no shares issued PreferredStockValue - USD Point-in-time
Preferred stock, $.01 par value; authorized shares-10,000; no shares issued PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $403.92M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $403.15M USD Point-in-time
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 3,523 and 3,521 shares of Class B common stock at October 31, 2015 and July 31, 2015, respectively TreasuryStockValue $110.57M USD Point-in-time
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 3,523 and 3,521 shares of Class B common stock at October 31, 2015 and July 31, 2015, respectively TreasuryStockValue $110.54M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $771.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $1.41M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-159.83M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-159.84M USD Point-in-time
Total IDT Corporation stockholders' equity StockholdersEquity $133.83M USD Point-in-time
Total IDT Corporation stockholders' equity StockholdersEquity $135.21M USD Point-in-time
Noncontrolling interests MinorityInterest $891.00K USD Point-in-time
Noncontrolling interests MinorityInterest $1.11M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $134.94M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $136.10M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $469.34M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $485.68M USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Revenues Revenues $390.58M USD 1 Quarter
Revenues Revenues $412.88M USD 1 Quarter
Direct cost of revenues (exclusive of depreciation and amortization) CostOfRevenue $324.51M USD 1 Quarter
Direct cost of revenues (exclusive of depreciation and amortization) CostOfRevenue $343.81M USD 1 Quarter
Selling, general and administrative (i) SellingGeneralAndAdministrativeExpense $53.09M USD 1 Quarter
Selling, general and administrative (i) SellingGeneralAndAdministrativeExpense $57.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $4.41M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $5.05M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $1.66M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense - USD 1 Quarter
Severance SeveranceCosts1 - USD 1 Quarter
Severance SeveranceCosts1 $1.55M USD 1 Quarter
Total costs and expenses OperatingExpenses $382.65M USD 1 Quarter
Total costs and expenses OperatingExpenses $408.42M USD 1 Quarter
Gain on sale of interest in Fabrix Systems Ltd. GainOrLossOnSaleOfStockInSubsidiary $75.14M USD 1 Quarter
Gain on sale of interest in Fabrix Systems Ltd. GainOrLossOnSaleOfStockInSubsidiary - USD 1 Quarter
Income from operations OperatingIncomeLoss $7.92M USD 1 Quarter
Income from operations OperatingIncomeLoss $79.61M USD 1 Quarter
Interest income (expense), net InterestIncomeExpenseNet $158.00K USD 1 Quarter
Interest income (expense), net InterestIncomeExpenseNet $-90.00K USD 1 Quarter
Other (expense) income, net NonoperatingIncomeExpense $1.32M USD 1 Quarter
Other (expense) income, net NonoperatingIncomeExpense $-610.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $7.47M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $80.84M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $486.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $2.90M USD 1 Quarter
Net income ProfitLoss $80.35M USD 1 Quarter
Net income ProfitLoss $4.58M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $199.00K USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $382.00K USD 1 Quarter
Net income attributable to IDT Corporation NetIncomeLoss $4.19M USD 1 Quarter
Net income attributable to IDT Corporation NetIncomeLoss $80.16M USD 1 Quarter
Basic EarningsPerShareBasic $0.18 USD 1 Quarter
Basic EarningsPerShareBasic $3.52 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.18 USD 1 Quarter
Diluted EarningsPerShareDiluted $3.47 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 22.75M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 22.93M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 22.97M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 23.09M shares 1 Quarter
Dividends declared per common share CommonStockDividendsPerShareDeclared $0.18 USD 1 Quarter
Dividends declared per common share CommonStockDividendsPerShareDeclared $0.85 USD 1 Quarter
(i) Stock-based compensation included in selling, general and administrative expenses ShareBasedCompensation $848.00K USD 1 Quarter
(i) Stock-based compensation included in selling, general and administrative expenses ShareBasedCompensation $771.00K USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $80.35M USD 1 Quarter
Net income ProfitLoss $4.58M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $4.41M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $5.05M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $2.79M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $594.00K USD 1 Quarter
Provision for doubtful accounts receivable ProvisionForDoubtfulAccounts $873.00K USD 1 Quarter
Provision for doubtful accounts receivable ProvisionForDoubtfulAccounts $44.00K USD 1 Quarter
Gain on sale of interest in Fabrix Systems Ltd. GainOrLossOnSaleOfStockInSubsidiary $75.14M USD 1 Quarter
Gain on sale of interest in Fabrix Systems Ltd. GainOrLossOnSaleOfStockInSubsidiary - USD 1 Quarter
Realized (gain) loss on marketable securities AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments $40.00K USD 1 Quarter
Realized (gain) loss on marketable securities AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments $-543.00K USD 1 Quarter
Interest in the equity of investments IncomeLossFromEquityMethodInvestments $1.90M USD 1 Quarter
Interest in the equity of investments IncomeLossFromEquityMethodInvestments $-155.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $848.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $771.00K USD 1 Quarter
Restricted cash and cash equivalents IncreaseDecreaseInRestrictedCashForOperatingActivities $-3.77M USD 1 Quarter
Restricted cash and cash equivalents IncreaseDecreaseInRestrictedCashForOperatingActivities $-8.39M USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $2.09M USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $-7.36M USD 1 Quarter
Prepaid expenses, other current assets and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-2.35M USD 1 Quarter
Prepaid expenses, other current assets and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-2.94M USD 1 Quarter
Trade accounts payable, accrued expenses, other current liabilities and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-9.77M USD 1 Quarter
Trade accounts payable, accrued expenses, other current liabilities and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-3.46M USD 1 Quarter
Customer deposits IncreaseDecreaseInCustomerDeposits $-4.99M USD 1 Quarter
Customer deposits IncreaseDecreaseInCustomerDeposits $-3.94M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $148.00K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-291.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-1.02M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-69.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $8.29M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $13.95M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $6.11M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $5.52M USD 1 Quarter
Proceeds from sale of interest in Fabrix Systems Ltd., net of cash and cash equivalents sold. CashReceivedFromDivestitureOfInterestInConsolidatedSubsidiariesParentOnlyPortion $4.77M USD 1 Quarter
Proceeds from sale of interest in Fabrix Systems Ltd., net of cash and cash equivalents sold. CashReceivedFromDivestitureOfInterestInConsolidatedSubsidiariesParentOnlyPortion $36.04M USD 1 Quarter
Purchase of investments PaymentsToAcquireInvestments $218.00K USD 1 Quarter
Proceeds from sale and redemption of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $17.00K USD 1 Quarter
Proceeds from sale and redemption of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $23.00K USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $14.91M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $9.06M USD 1 Quarter
Proceeds from maturities and sales of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $8.86M USD 1 Quarter
Proceeds from maturities and sales of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $6.82M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $27.49M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-6.78M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $3.95M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $4.20M USD 1 Quarter
Distributions to noncontrolling interests PaymentsOfCapitalDistribution $750.00K USD 1 Quarter
Distributions to noncontrolling interests PaymentsOfCapitalDistribution $600.00K USD 1 Quarter
Repayments of revolving credit loan payable and other borrowings RepaymentsOfLongTermDebt $6.35M USD 1 Quarter
Repayments of revolving credit loan payable and other borrowings RepaymentsOfLongTermDebt $13.06M USD 1 Quarter
Repurchases of Class B common stock PaymentsForRepurchaseOfCommonStock $559.00K USD 1 Quarter
Repurchases of Class B common stock PaymentsForRepurchaseOfCommonStock $23.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-18.32M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-11.18M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-884.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-3.07M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-4.89M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $14.38M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $110.36M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $168.20M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $153.82M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $105.47M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $110.36M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $168.20M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $153.82M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $105.47M USD Point-in-time
Net liabilities excluding cash and cash equivalents of Fabrix Systems Ltd. sold NetLiabilitiesExcludingCashAndCashEquivalentsOfSubsidiariesDeconsolidatedAsResultOfSale $14.33M USD 1 Quarter
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $80.35M USD 1 Quarter
Net income ProfitLoss $4.58M USD 1 Quarter
Change in unrealized gain on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $528.00K USD 1 Quarter
Change in unrealized gain on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $7.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $111.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-1.86M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-1.85M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $639.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $5.21M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $78.50M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $382.00K USD 1 Quarter
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $199.00K USD 1 Quarter
Comprehensive income attributable to IDT Corporation ComprehensiveIncomeNetOfTax $78.30M USD 1 Quarter
Comprehensive income attributable to IDT Corporation ComprehensiveIncomeNetOfTax $4.83M USD 1 Quarter

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

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