10-K Filing

DAILY JOURNAL CORP CIK: 783412 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001437749-22-029285`
Period End Date	20220930
Filing Date	20221219
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	djco20220930_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 48 Cash Flow Statement 56 Stockholders Equity 8

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$250.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$250.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.81M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.42M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.81M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.60M	USD	Point-in-time
Common stock, treasury shares (in shares)	`TreasuryStockShares`	428,027.00	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.04M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.04M	USD	Point-in-time
Common stock, treasury shares (in shares)	`TreasuryStockShares`	424,307.00	shares	Point-in-time
Marketable securities at fair value -- common stocks	`MarketableSecuritiesCurrent`	$275.53M	USD	Point-in-time
Marketable securities at fair value -- common stocks	`MarketableSecuritiesCurrent`	$347.57M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $250,000 at September 30, 2022 and 2021	`AccountsReceivableNetCurrent`	$9.52M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $250,000 at September 30, 2022 and 2021	`AccountsReceivableNetCurrent`	$16.93M	USD	Point-in-time
Inventories	`InventoryNet`	$43.00K	USD	Point-in-time
Inventories	`InventoryNet`	$56.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$557.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$451.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$309.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$372.34M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$16.33M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$16.50M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$1.69M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$1.69M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.52M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.52M	USD	Point-in-time
Property, Plant and Equipment, Gross, Ending Balance	`PropertyPlantAndEquipmentGross`	$19.71M	USD	Point-in-time
Property, Plant and Equipment, Gross, Ending Balance	`PropertyPlantAndEquipmentGross`	$19.54M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.99M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.71M	USD	Point-in-time
Property, Plant and Equipment, Net, Total	`PropertyPlantAndEquipmentNet`	$10.01M	USD	Point-in-time
Property, Plant and Equipment, Net, Total	`PropertyPlantAndEquipmentNet`	$9.55M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$104.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$215.00K	USD	Point-in-time
Assets, Total	`Assets`	$319.11M	USD	Point-in-time
Assets, Total	`Assets`	$382.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.06M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$7.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$6.05M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$6.24M	USD	Point-in-time
Note payable collateralized by real estate	`LoansPayableToBankCurrent`	$146.00K	USD	Point-in-time
Note payable collateralized by real estate	`LoansPayableToBankCurrent`	$147.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$34.01M	USD	Point-in-time
Investment margin account borrowings	`InvestmentMarginAccount`	$32.00M	USD	Point-in-time
Investment margin account borrowings	`InvestmentMarginAccount`	$75.00M	USD	Point-in-time
Note payable collateralized by real estate	`LongTermLoansFromBank`	$1.43M	USD	Point-in-time
Note payable collateralized by real estate	`LongTermLoansFromBank`	$1.28M	USD	Point-in-time
Deferred maintenance agreements	`ContractWithCustomerLiabilityNoncurrent`	$995.00K	USD	Point-in-time
Deferred maintenance agreements	`ContractWithCustomerLiabilityNoncurrent`	$370.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$4.55M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$3.38M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$56.09M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$25.27M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$93.90M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$106.47M	USD	Point-in-time
Commitments and contingencies (Notes 4 and 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 4 and 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value, 5,000,000 shares authorized and no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value, 5,000,000 shares authorized and no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 5,000,000 shares authorized; 1,805,053 shares issued, including 428,027 and 424,307 treasury shares, at September 30, 2022 and September 30, 2021, respectively	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, $.01 par value, 5,000,000 shares authorized; 1,805,053 shares issued, including 428,027 and 424,307 treasury shares, at September 30, 2022 and September 30, 2021, respectively	`CommonStockValue`	$14.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$177.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$252.87M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$141.74M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$179.02M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$254.64M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$319.11M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$382.56M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue from Contract with Customer, Including Assessed Tax	`RevenueFromContractWithCustomerIncludingAssessedTax`	$54.01M	USD	Annual
Revenue from Contract with Customer, Including Assessed Tax	`RevenueFromContractWithCustomerIncludingAssessedTax`	$49.92M	USD	Annual
Salaries and employee benefits	`LaborAndRelatedExpense`	$36.94M	USD	Annual
Salaries and employee benefits	`LaborAndRelatedExpense`	$34.23M	USD	Annual
Increase to the long-term supplemental compensation accrual	`DecreaseIncreaseToTheLongtermSupplementalCompensationAccrual`	$1.25M	USD	Annual
Increase to the long-term supplemental compensation accrual	`DecreaseIncreaseToTheLongtermSupplementalCompensationAccrual`	$1.83M	USD	Annual
Agency commissions	`AgencyCommissions`	$905.00K	USD	Annual
Agency commissions	`AgencyCommissions`	$536.00K	USD	Annual
Outside services	`OtherOutsideServices`	$3.08M	USD	Annual
Outside services	`OtherOutsideServices`	$4.00M	USD	Annual
Postage and delivery expenses	`PostageAndHandDelivery`	$654.00K	USD	Annual
Postage and delivery expenses	`PostageAndHandDelivery`	$668.00K	USD	Annual
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$625.00K	USD	Annual
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$739.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$379.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$480.00K	USD	Annual
Equipment maintenance and software	`EquipmentMaintenanceAndSoftware`	$1.04M	USD	Annual
Equipment maintenance and software	`EquipmentMaintenanceAndSoftware`	$1.03M	USD	Annual
Credit card merchant discount fees	`CreditCardMerchantDiscountFees`	$1.83M	USD	Annual
Credit card merchant discount fees	`CreditCardMerchantDiscountFees`	$1.68M	USD	Annual
Rent expenses	`OperatingLeaseExpense`	$286.00K	USD	Annual
Rent expenses	`OperatingLeaseExpense`	$249.00K	USD	Annual
Accounting and legal fees	`ProfessionalFees`	$937.00K	USD	Annual
Accounting and legal fees	`ProfessionalFees`	$833.00K	USD	Annual
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$2.24M	USD	Annual
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$3.36M	USD	Annual
Total operating expenses	`OperatingExpenses`	$52.02M	USD	Annual
Total operating expenses	`OperatingExpenses`	$47.77M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.99M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$2.15M	USD	Annual
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$5.45M	USD	Annual
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$2.91M	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$69.00K	USD	Annual
Net unrealized (losses) gains on investments	`UnrealizedGainLossOnInvestments`	$-123.40M	USD	Annual
Net unrealized (losses) gains on investments	`UnrealizedGainLossOnInvestments`	$106.50M	USD	Annual
Gains on land sale	`GainLossOnDispositionOfAssets`	$272.00K	USD	Annual
Gains on sales of marketable securities, net	`MarketableSecuritiesRealizedGainLoss`	$41.75M	USD	Annual
Gains on sales of marketable securities, net	`MarketableSecuritiesRealizedGainLoss`	$14.25M	USD	Annual
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-102.55M	USD	Annual
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$153.05M	USD	Annual
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$-26.93M	USD	Annual
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$40.15M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-75.62M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$112.90M	USD	Annual
Weighted average number of common shares outstanding basic and diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.38M	shares	Annual
Weighted average number of common shares outstanding basic and diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.38M	shares	Annual
Basic and diluted net (loss) income per share (in dollars per share)	`EarningsPerShareBasic`	$81.77	USD	Annual
Basic and diluted net (loss) income per share (in dollars per share)	`EarningsPerShareBasic`	$-54.81	USD	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-75.62M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$112.90M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$379.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$480.00K	USD	Annual
Gains on land sale	`GainLossOnDispositionOfAssets`	$272.00K	USD	Annual
Gains on sales of marketable securities, net	`GainOnSaleOfInvestments`	$41.75M	USD	Annual
Gains on sales of marketable securities, net	`GainOnSaleOfInvestments`	$14.25M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$31.89M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-30.82M	USD	Annual
Unrealized losses (gains) on marketable securities	`UnrealizedGainLossOnInvestments`	$-123.40M	USD	Annual
Unrealized losses (gains) on marketable securities	`UnrealizedGainLossOnInvestments`	$106.50M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$7.41M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.80M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$13.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$7.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-217.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-56.00K	USD	Annual
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-601.00K	USD	Annual
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.02M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$823.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$313.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.18M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.90M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.24M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.24M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.26M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.29M	USD	Annual
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$45.03M	USD	Annual
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$80.57M	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$64.99M	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$117.68M	USD	Annual
Sale of land	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$381.00K	USD	Annual
Purchases of property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.00K	USD	Annual
Purchases of property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.76M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.99M	USD	Annual
Proceeds from margin loan borrowing	`ProceedsFromIssuanceOfDebt`	$43.01M	USD	Annual
Proceeds from margin loan borrowing	`ProceedsFromIssuanceOfDebt`	$17.00M	USD	Annual
Payment to margin loan borrowing	`RepaymentsOfOtherLongTermDebt`	$14.00K	USD	Annual
Payment to margin loan borrowing	`RepaymentsOfOtherLongTermDebt`	$14.49M	USD	Annual
Payment of real estate loan principal	`RepaymentsOfSecuredDebt`	$131.00K	USD	Annual
Payment of real estate loan principal	`RepaymentsOfSecuredDebt`	$147.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.38M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.85M	USD	Annual
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.32M	USD	Annual
Increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$829.00K	USD	Annual
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$14.64M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.96M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.47M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$14.64M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.96M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.47M	USD	Point-in-time
Interest paid during year	`InterestPaidNet`	$1.05M	USD	Annual
Interest paid during year	`InterestPaidNet`	$329.00K	USD	Annual
Income taxes paid during year	`IncomeTaxesPaidNet`	$1.95M	USD	Annual
Income taxes paid during year	`IncomeTaxesPaidNet`	$11.14M	USD	Annual

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$141.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$179.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$254.64M	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$-75.62M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$112.90M	USD	Annual
Balance	`StockholdersEquity`	$141.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$179.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$254.64M	USD	Point-in-time

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