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MAYS Stock Price Correlated With JW Mays Financials
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Income Statement
Cash Flow
Balance Sheet
MAYS Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
MAYS Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
MAYS Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
COMPANY PROFILE
1. Summary of Significant Accounting Policies: Beginning March 2020 and continuing through April 2022, we experienced
an increase in late payments due to the impact of COVID-19 and the related reductions in economic activity from ongoing government mandated
business regulations. The effects of COVID-19 on our tenants have been reflected in our allowance for credit losses for accounts receivable.
In limited circumstances, we have agreed to rent deferrals for certain tenants. We also continue to experience volatility in the valuation
of our equity investments through April 30, 2022. Looking ahead, the full impact of COVID-19 and continuing government
regulation on our business is unknown and highly unpredictable. Our past results may not be indicative of our future performance and historical
trends in revenues, income from operations, net income, earnings per share, cash provided by operating activities, among others, may differ
materially. For example, to the extent the pandemic continues to disrupt economic activity nationally and in New York, NY, like other
businesses, it could adversely affect our business operations and financial results through prolonged decreases in revenue, credit deterioration
of our tenants, depressed economic activity, or declines in capital markets. In addition, many of our expenses are less variable in nature
and may not correlate to changes in revenues. The extent of the impact will depend on a number of factors, including the duration and
severity of the pandemic; distribution of vaccines; and the macroeconomic impact of government measures to contain the spread of the virus
and related government regulations. Basis of Presentation The accounting records are maintained in accordance with accounting
principles generally accepted in the United States of America (“GAAP”). The preparation of the Company’s financial statements
in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
at the date of the financial statements, the disclosure of contingent assets and liabilities, incremental borrowing rates and recognition
of renewal options for operating lease right-of-use assets and liabilities, and the reported amounts of revenues and expenses during the
reporting period. The estimates that we make include allowance for doubtful accounts, depreciation, impairment analysis of long-lived
assets, income tax assets and liabilities, fair value of marketable securities and revenue recognition. Estimates are based on historical
experience where applicable or other assumptions that management believes are reasonable under the circumstances. Due to the inherent
uncertainty involved in making estimates, actual results may differ from those estimates under different assumptions or conditions. The interim financial statements are prepared pursuant to the instructions
for reporting on Form 10-Q and Article 8 of Regulations S-X of the SEC Rules and Regulations. The July 31, 2021 consolidated balance sheet
was derived from audited financial statements but does not include all disclosures required by GAAP. The interim financial statements
and notes thereto should be read in conjunction with the financial statements and notes included in the Company's latest Form 10-K Annual
Report for the fiscal year ended July 31, 2021. In the opinion of management, the interim financial statements reflect all adjustments
of a normal recurring nature necessary for a fair statement of the results for interim periods. The results of operations for the current
period are not necessarily indicative of the results for the entire fiscal year ending July 31, 2022 or any other period. As of April 30, 2022, the economic impacts of COVID-19 continue to
evolve. As a result, many of our estimates and assumptions required increased judgment and carry a higher degree of variability and volatility.
As additional information becomes available, our estimates may change mate
an increase in late payments due to the impact of COVID-19 and the related reductions in economic activity from ongoing government mandated
business regulations. The effects of COVID-19 on our tenants have been reflected in our allowance for credit losses for accounts receivable.
In limited circumstances, we have agreed to rent deferrals for certain tenants. We also continue to experience volatility in the valuation
of our equity investments through April 30, 2022. Looking ahead, the full impact of COVID-19 and continuing government
regulation on our business is unknown and highly unpredictable. Our past results may not be indicative of our future performance and historical
trends in revenues, income from operations, net income, earnings per share, cash provided by operating activities, among others, may differ
materially. For example, to the extent the pandemic continues to disrupt economic activity nationally and in New York, NY, like other
businesses, it could adversely affect our business operations and financial results through prolonged decreases in revenue, credit deterioration
of our tenants, depressed economic activity, or declines in capital markets. In addition, many of our expenses are less variable in nature
and may not correlate to changes in revenues. The extent of the impact will depend on a number of factors, including the duration and
severity of the pandemic; distribution of vaccines; and the macroeconomic impact of government measures to contain the spread of the virus
and related government regulations. Basis of Presentation The accounting records are maintained in accordance with accounting
principles generally accepted in the United States of America (“GAAP”). The preparation of the Company’s financial statements
in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
at the date of the financial statements, the disclosure of contingent assets and liabilities, incremental borrowing rates and recognition
of renewal options for operating lease right-of-use assets and liabilities, and the reported amounts of revenues and expenses during the
reporting period. The estimates that we make include allowance for doubtful accounts, depreciation, impairment analysis of long-lived
assets, income tax assets and liabilities, fair value of marketable securities and revenue recognition. Estimates are based on historical
experience where applicable or other assumptions that management believes are reasonable under the circumstances. Due to the inherent
uncertainty involved in making estimates, actual results may differ from those estimates under different assumptions or conditions. The interim financial statements are prepared pursuant to the instructions
for reporting on Form 10-Q and Article 8 of Regulations S-X of the SEC Rules and Regulations. The July 31, 2021 consolidated balance sheet
was derived from audited financial statements but does not include all disclosures required by GAAP. The interim financial statements
and notes thereto should be read in conjunction with the financial statements and notes included in the Company's latest Form 10-K Annual
Report for the fiscal year ended July 31, 2021. In the opinion of management, the interim financial statements reflect all adjustments
of a normal recurring nature necessary for a fair statement of the results for interim periods. The results of operations for the current
period are not necessarily indicative of the results for the entire fiscal year ending July 31, 2022 or any other period. As of April 30, 2022, the economic impacts of COVID-19 continue to
evolve. As a result, many of our estimates and assumptions required increased judgment and carry a higher degree of variability and volatility.
As additional information becomes available, our estimates may change mate
Free historical financial statements for JW Mays Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 50 quarters since 2011. Compare with MAYS stock chart to see long term trends.
Data imported from JW Mays Inc. SEC filings. Check original filings before making any investment decision.