IDT Corporation

IDT Corporation is an American telecommunications company headquartered in Newark, New Jersey.HistoryIDT was founded by entrepreneur Howard Jonas in August 1990. He founded the company after opening a sales office in Israel, receiving large international phone bills and then discovering a way to lower them by re-originating calls in the United States.In August 2000, IDT sold a stake in its Net2Phone subsidiary to AT&T for approximately $1.1 billion in cash.In November 2004, IDT launched its retail energy business, IDT Energy. As an electric and natural gas supplier, IDT Energy started with customers in New York State. They have entered many more deregulated markets since then including those in New Jersey, Pennsylvania, Maryland, Illinois and Washington DC. In 2014, IDT Energy was awarded the Industry Leadership and Integrity Award at the NYC Energy Marketing Conference.On January 26, 2006, IDT Telecom, Inc. sold to GVC Networks LLC all its IDT Winstar Solution subsidiaries: Winstar Communications, Winstar Government Solutions, LLC and Winstar Wireless, LLC.On February 17, 2006, IDT announced it would reacquire full ownership of Net2Phone, a company it had launched in the mid 1990s.On May 16, 2006, IDT agreed to sell its IDT Entertainment division to Liberty Media "for all of Liberty Media's interests in IDT, $186 million in cash and the assumption of existing indebtedness." On August 31, 2006, the sale of all of IDT Entertainment's US operations and several international operations was completed. "The remainder of the deal, to include the Canadian and Australian operations, is expected to be closed in the next few weeks after regulatory approval has been given." This sale was completed on 29 September 2006.

Type
Public
HQ
Newark, US
Founded
1990
Size (employees)
1,159 (est)-7%
Website
idt.net
IDT Corporation was founded in 1990 and is headquartered in Newark, US

IDT Corporation Office Locations

IDT Corporation has an office in Newark
Newark, US (HQ)
520 Broad St

IDT Corporation Data and Metrics

IDT Corporation Financial Metrics

IDT Corporation's revenue was reported to be $370 m in Q3, 2017
USD

Revenue (Q3, 2017)

370 m

Net income (Q3, 2017)

19.1 m

EBIT (Q3, 2017)

(6.5 m)

Market capitalization (15-Aug-2017)

343.3 m

Cash (30-Apr-2017)

71.5 m
IDT Corporation's current market capitalization is $343.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.6 b1.7 b1.6 b1.5 b

Revenue growth, %

2%(3%)(6%)

Operating expense total

1.6 b1.5 b

EBIT

93.1 m26.2 m

EBIT margin, %

6%2%

Interest expense

159 k1.2 m

Interest income

1.2 m

Pre tax profit

92.2 m29.5 m

Income tax expense

(6.1 m)(4.1 m)

Net Income

86.1 m25.4 m
USDQ1, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q2, 2017Q3, 2017

Revenue

390.6 m369.2 m382.5 m355.2 m367.6 m370 m

General and administrative expense

53.1 m45.4 m51.1 m51.6 m47.3 m46.2 m

Operating expense total

53.1 m45.4 m51.1 m51.6 m47.3 m46.2 m

EBIT

7.9 m5.2 m6.4 m5.7 m3.1 m(6.5 m)

EBIT margin, %

2%1%2%2%1%(2%)

Interest expense

158 k534 k244 k

Interest income

158 k534 k244 k

Pre tax profit

7.5 m7.9 m6.7 m6 m3 m(6.6 m)

Income tax expense

(2.9 m)14.4 m(2 m)2.2 m

Net Income

80.4 m4.6 m83.1 m84.2 m22.3 m9.2 m13.9 m23.6 m19.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

147 m153.8 m110.4 m109.5 m

Current Assets

290.3 m338.9 m341.2 m339.1 m

PP&E

80.7 m81.8 m91.3 m87.4 m

Goodwill

14.8 m14.8 m14.4 m11.2 m

Total Assets

435.4 m480.9 m485.7 m469.7 m

Accounts Payable

39.3 m42.1 m29.1 m30.3 m

Dividends Payable

1.8 m

Current Liabilities

333.7 m368 m348.9 m343.8 m

Total Liabilities

345.5 m

Additional Paid-in Capital

388.5 m392.9 m403.1 m396.2 m

Retained Earnings

(203.7 m)(196.7 m)(159.8 m)(153.7 m)

Total Equity

89.1 m101.2 m134.9 m124.2 m

Financial Leverage

4.9 x4.8 x3.6 x3.8 x
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Cash

168.2 m133.1 m114.8 m105.5 m99.5 m101.1 m91.9 m77.5 m71.5 m

Current Assets

358.5 m334.1 m332.7 m327.6 m323.5 m336.8 m318.7 m304.9 m327 m

PP&E

82.8 m86.2 m90.6 m91.8 m90.4 m89.9 m87.4 m89.2 m89.8 m

Goodwill

14.7 m14.4 m14.4 m14.4 m13.5 m13.7 m11.2 m11.1 m11.2 m

Total Assets

504.3 m480.4 m481.6 m469.3 m455.8 m469.3 m471.7 m459.4 m484.8 m

Accounts Payable

27.8 m30.2 m25.7 m30.9 m28.7 m26.7 m33.2 m32.2 m36 m

Dividends Payable

15.8 m

Current Liabilities

341.8 m331.4 m332.9 m331.4 m326.4 m335.3 m320.2 m310.9 m332.7 m

Additional Paid-in Capital

394.1 m399.3 m401.9 m403.9 m404.8 m406.9 m397.4 m401.1 m397.3 m

Retained Earnings

(136.3 m)(153 m)156.7 m(159.8 m)(160.2 m)(160.3 m)(136.1 m)(139.6 m)(148.8 m)

Total Equity

160.6 m147.1 m146.9 m136.1 m127.7 m131.8 m149.9 m146.8 m150.5 m

Financial Leverage

3.1 x3.3 x3.3 x3.4 x3.6 x3.6 x3.1 x3.1 x3.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

13.4 m21 m86.1 m25.4 m

Depreciation and Amortization

14.9 m16.3 m18.4 m20.5 m

Accounts Receivable

17.6 m(1.4 m)640 k616 k

Cash From Operating Activities

59.3 m45.7 m30.5 m49.1 m

Capital Expenditures

(14.5 m)(17 m)(28.6 m)(18.4 m)

Cash From Investing Activities

(25.6 m)(18.9 m)(16.5 m)

Dividends Paid

(17.1 m)(13.6 m)(47.6 m)(17.4 m)

Cash From Financing Activities

8.5 m(25.4 m)(70.2 m)(27.6 m)

Free Cash Flow

73.8 m62.7 m59.1 m30.7 m
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Net Income

80.4 m83.1 m84.2 m4.6 m9.2 m13.9 m22.3 m23.6 m19.1 m

Depreciation and Amortization

4.4 m8.8 m13.5 m5.1 m10 m15.5 m5.3 m10.6 m16.1 m

Accounts Receivable

7.4 m3.3 m8.5 m(2.1 m)(1.4 m)1.8 m(13.1 m)(8.2 m)(18.9 m)

Cash From Operating Activities

8.3 m21 m27.8 m14 m25.1 m35.8 m5.5 m(814 k)514 k

Capital Expenditures

(6.1 m)(13.9 m)(22.8 m)(5.5 m)(9.2 m)(14 m)(5.5 m)(10.5 m)(17.1 m)

Cash From Investing Activities

27.5 m15.7 m(5.1 m)(6.8 m)(9.9 m)(16 m)(18.5 m)(21 m)(35.3 m)

Dividends Paid

(4 m)(38.9 m)(43.2 m)(4.2 m)(8.6 m)(13 m)(4.4 m)(8.8 m)(13.2 m)

Cash From Financing Activities

(18.3 m)(50.6 m)(55.2 m)(11.2 m)(21 m)(25.7 m)(3.1 m)(9.3 m)(3 m)

Free Cash Flow

2.2 m7 m5 m8.4 m15.9 m21.9 m(25 k)(11.4 m)(16.5 m)
Y, 2017

Financial Leverage

3.2 x

IDT Corporation Operating Metrics

IDT Corporation's Customers was reported to be 3 k in FY, 2016
FY, 2014Q1, 2014Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2015Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2016Q2, 2017Q3, 2017

Minutes of Use

29.6 b7.48 b7.53 b7.15 b7.47 b29.3 b7.16 b7.03 b6.97 b7.08 b28.3 b5.91 b6.77 b6.98 b

Customers

6003 k3 k

Patents (US)

111212

Patents Pending (US)

865

Patents (foreign)

101414

Patents Pending (foreign)

1644

Resellers

35 k

    IDT Corporation Market Value History

    IDT Corporation Revenue Breakdown

    Traffic Overview of IDT Corporation

    IDT Corporation Online and Social Media Presence

    IDT Corporation News and Updates

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