10-K Filing

DAILY JOURNAL CORP CIK: 783412 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001437749-23-035452`
Period End Date	20230930
Filing Date	20231228
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	djco20230930_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 47 Cash Flow Statement 56 Stockholders Equity 8

Balance Sheet 81 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, 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
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`	$21.04M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.81M	shares	Point-in-time
Treasury Stock, Common, Shares (in shares)	`TreasuryStockCommonShares`	428,027.00	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.04M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.10M	USD	Point-in-time
Treasury Stock, Common, Shares (in shares)	`TreasuryStockCommonShares`	428,027.00	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`	$303.13M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $250,000 at September 30, 2023 and 2022	`AccountsReceivableNetCurrent`	$18.69M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $250,000 at September 30, 2023 and 2022	`AccountsReceivableNetCurrent`	$16.93M	USD	Point-in-time
Inventories	`InventoryNet`	$56.00K	USD	Point-in-time
Inventories	`InventoryNet`	$72.00K	USD	Point-in-time
Prepaid Expense and Other Assets, Current	`PrepaidExpenseAndOtherAssetsCurrent`	$380.00K	USD	Point-in-time
Prepaid Expense and Other Assets, Current	`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`	$345.40M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$16.33M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$16.40M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$1.69M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$1.70M	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	`PropertyPlantAndEquipmentGross`	$19.62M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$19.54M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$10.26M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.99M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$9.36M	USD	Point-in-time
Property, Plant and Equipment, Net	`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`	$95.00K	USD	Point-in-time
Assets	`Assets`	$319.11M	USD	Point-in-time
Assets	`Assets`	$354.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.64M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$7.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.79M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.07M	USD	Point-in-time
Note payable collateralized by real estate	`LoansPayableToBankCurrent`	$158.00K	USD	Point-in-time
Note payable collateralized by real estate	`LoansPayableToBankCurrent`	$146.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$42.20M	USD	Point-in-time
Investment margin account borrowings	`InvestmentMarginAccount`	$75.00M	USD	Point-in-time
Investment margin account borrowings	`InvestmentMarginAccount`	$75.00M	USD	Point-in-time
Note payable collateralized by real estate	`LongTermLoansFromBank`	$1.28M	USD	Point-in-time
Note payable collateralized by real estate	`LongTermLoansFromBank`	$1.12M	USD	Point-in-time
Deferred maintenance agreements and others	`ContractWithCustomerLiabilityNoncurrent`	$370.00K	USD	Point-in-time
Deferred maintenance agreements and others	`ContractWithCustomerLiabilityNoncurrent`	$1.00M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$4.47M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$4.55M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$30.60M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$25.27M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$106.47M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$112.19M	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 treasury shares, at September 30, 2023 and 2022	`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 treasury shares, at September 30, 2023 and 2022	`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`	$198.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$177.25M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$200.47M	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	`LiabilitiesAndStockholdersEquity`	$354.86M	USD	Point-in-time
Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$319.11M	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$67.71M	USD	Annual
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$54.01M	USD	Annual
Salaries and employee benefits	`LaborAndRelatedExpense`	$43.45M	USD	Annual
Salaries and employee benefits	`LaborAndRelatedExpense`	$36.48M	USD	Annual
(Decrease) increase to the long-term supplemental compensation accrual	`DecreaseIncreaseToTheLongtermSupplementalCompensationAccrual`	$1.25M	USD	Annual
(Decrease) increase to the long-term supplemental compensation accrual	`DecreaseIncreaseToTheLongtermSupplementalCompensationAccrual`	$-295.00K	USD	Annual
Agency commissions	`AgencyCommissions`	$1.02M	USD	Annual
Agency commissions	`AgencyCommissions`	$905.00K	USD	Annual
Outside services	`OtherOutsideServices`	$4.46M	USD	Annual
Outside services	`OtherOutsideServices`	$6.77M	USD	Annual
Postage and delivery expenses	`PostageAndHandDelivery`	$668.00K	USD	Annual
Postage and delivery expenses	`PostageAndHandDelivery`	$684.00K	USD	Annual
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$739.00K	USD	Annual
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$795.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$379.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$279.00K	USD	Annual
Equipment maintenance and software	`EquipmentMaintenanceAndSoftware`	$1.31M	USD	Annual
Equipment maintenance and software	`EquipmentMaintenanceAndSoftware`	$1.03M	USD	Annual
Credit card merchant discount fees	`CreditCardMerchantDiscountFees`	$1.94M	USD	Annual
Credit card merchant discount fees	`CreditCardMerchantDiscountFees`	$1.68M	USD	Annual
Rent expenses	`OperatingLeaseExpense`	$289.00K	USD	Annual
Rent expenses	`OperatingLeaseExpense`	$249.00K	USD	Annual
Accounting and legal fees	`ProfessionalFees`	$940.00K	USD	Annual
Accounting and legal fees	`ProfessionalFees`	$833.00K	USD	Annual
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$3.88M	USD	Annual
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$3.36M	USD	Annual
Operating Expenses	`OperatingExpenses`	$52.02M	USD	Annual
Operating Expenses	`OperatingExpenses`	$61.06M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$6.65M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.99M	USD	Annual
Net unrealized gains (losses) on investments	`UnrealizedGainLossOnInvestments`	$17.02M	USD	Annual
Net unrealized gains (losses) on investments	`UnrealizedGainLossOnInvestments`	$-123.40M	USD	Annual
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$8.34M	USD	Annual
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$5.45M	USD	Annual
Gains on sale of land	`GainLossOnDispositionOfAssets`	$272.00K	USD	Annual
Gains on sales of marketable securities, net	`MarketableSecuritiesRealizedGainLoss`	$14.25M	USD	Annual
Gains on sales of marketable securities, net	`MarketableSecuritiesRealizedGainLoss`	$422.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-102.55M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.10M	USD	Annual
(Provision) benefit for income taxes	`IncomeTaxExpenseBenefit`	$6.65M	USD	Annual
(Provision) benefit for income taxes	`IncomeTaxExpenseBenefit`	$-26.93M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-75.62M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$21.45M	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 income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$-54.81	USD	Annual
Basic and diluted net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$15.58	USD	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-75.62M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$21.45M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$379.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$279.00K	USD	Annual
Unrealized (gains) losses on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-123.40M	USD	Annual
Unrealized (gains) losses on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$17.02M	USD	Annual
Gains on sales of marketable securities, net	`MarketableSecuritiesRealizedGainLoss`	$14.25M	USD	Annual
Gains on sales of marketable securities, net	`MarketableSecuritiesRealizedGainLoss`	$422.00K	USD	Annual
Gains on sale of land	`GainLossOnDispositionOfAssets`	$272.00K	USD	Annual
Stock dividends	`EquityMethodInvestmentDividendsOrDistributions`	$2.98M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$5.33M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-30.82M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.76M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$7.41M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$13.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$16.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-80.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-217.00K	USD	Annual
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.02M	USD	Annual
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.02M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$823.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.58M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.65M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.18M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.24M	USD	Annual
Net cash provided from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.26M	USD	Annual
Net cash provided from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.08M	USD	Annual
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$2.83M	USD	Annual
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$80.57M	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$10.00M	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`	$36.00K	USD	Annual
Purchases of property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$86.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.26M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.76M	USD	Annual
Proceeds from margin loan borrowing	`ProceedsFromIssuanceOfOtherLongTermDebt`	$43.01M	USD	Annual
Proceeds from margin loan borrowing	`ProceedsFromIssuanceOfOtherLongTermDebt`	$6.01M	USD	Annual
Payment to margin loan borrowing	`RepaymentsOfOtherLongTermDebt`	$14.00K	USD	Annual
Payment to margin loan borrowing	`RepaymentsOfOtherLongTermDebt`	$6.01M	USD	Annual
Payment of real estate loan principal	`RepaymentsOfSecuredDebt`	$153.00K	USD	Annual
Payment of real estate loan principal	`RepaymentsOfSecuredDebt`	$147.00K	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.85M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-153.00K	USD	Annual
Increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.67M	USD	Annual
Increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$829.00K	USD	Annual
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$23.14M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.47M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$14.64M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$23.14M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.47M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$14.64M	USD	Point-in-time
Interest paid during period	`InterestPaidNet`	$4.27M	USD	Annual
Interest paid during period	`InterestPaidNet`	$1.05M	USD	Annual
Income taxes paid during year	`IncomeTaxesPaidNet`	$11.14M	USD	Annual
Income taxes paid during year	`IncomeTaxesPaidNet`	$806.00K	USD	Annual

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$200.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$179.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$254.64M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-75.62M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$21.45M	USD	Annual
Balance	`StockholdersEquity`	$200.47M	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.