Alta Equipment Group Inc. (ALTG) Financial Statements (2024 and earlier)

Company Profile

Business Address 13211 MERRIMAN ROAD
LIVONIA, MI 48150
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5084 - Industrial Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7002,3001,200654
Cash and cash equivalents2,7002,3001,200654
Receivables232,800182,700137,800 
Inventory, net of allowances, customer advances and progress billings399,700239,200229,000 
Inventory399,700239,200229,000 
Prepaid expense    178
Other undisclosed current assets28,10024,40013,600 
Total current assets:663,300448,600381,600833
Noncurrent Assets
Operating lease, right-of-use asset113,600102,600  
Property, plant and equipment377,800344,500311,900 
Long-term investments and receivables    145,999
Long-term investments    145,999
Intangible assets, net (including goodwill)129,90085,30050,600 
Goodwill69,20041,90024,300 
Intangible assets, net (excluding goodwill)60,70043,40026,300 
Other noncurrent assets6,0001,6002,100 
Total noncurrent assets:627,300534,000364,600145,999
TOTAL ASSETS:1,290,600982,600746,200146,831
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:145,900112,80089,0001,562
Taxes payable  309
Accounts payable90,80073,50058,900 
Accrued liabilities55,10039,30030,100 
Other undisclosed accounts payable and accrued liabilities    1,253
Deferred revenue14,100   
Debt4,2002,6007,800 
Other liabilities7,50019,10013,100 
Due to related parties   100
Other undisclosed current liabilities299,500286,100324,400 
Total current liabilities:471,200420,600434,3001,662
Noncurrent Liabilities
Long-term debt and lease obligation, including:544,100319,000137,500 
Long-term debt, excluding current maturities311,200310,000135,000 
Finance lease, liability15,4009,000  
Other undisclosed long-term debt and lease obligation217,500(88,400)  
Liabilities, other than long-term debt130,80014,7009,300 
Deferred revenue4,9004,200  
Deferred income tax liabilities6,4006,900  
Other liabilities17,6003,6009,300 
Operating lease, liability101,90088,4002,500 
Other undisclosed noncurrent liabilities4,70093,6008,200 
Total noncurrent liabilities:679,600427,300155,000 
Other undisclosed liabilities    309
Total liabilities:1,150,800847,900589,3001,971
Temporary equity, carrying amount    139,861
Equity
Equity, attributable to parent, including:139,800134,700156,9005,000
Treasury stock, value(5,900)(5,900)(5,900) 
Additional paid in capital222,800217,400216,2005,000
Accumulated other comprehensive loss(2,900)   
Accumulated deficit(74,200)(76,800)(53,400)(0)
Other undisclosed equity, attributable to parent    0
Total equity:139,800134,700156,9005,000
TOTAL LIABILITIES AND EQUITY:1,290,600982,600746,200146,831

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues1,571,8001,212,800873,6002,253
Net investment income    2,253
Cost of revenue
(Cost of Goods and Services Sold)
(1,152,200)(898,400)(659,100)(1,935)
Gross profit:419,600314,400214,500318
Operating expenses(378,800)(296,400)(222,600) 
Other undisclosed operating loss    (2,253)
Operating income (loss):40,80018,000(8,100)(1,935)
Nonoperating expense(30,200)(35,200)(22,500) 
Other nonoperating income1,6007008,900 
Interest and debt expense(31,800)(24,000)(7,600) 
Loss from continuing operations before equity method investments, income taxes:(21,200)(41,200)(38,200)(1,935)
Other undisclosed income from continuing operations before income taxes31,80024,0007,6002,253
Income (loss) from continuing operations before income taxes:10,600(17,200)(30,600)318
Income tax expense (benefit)(1,300)(3,600)6,600(309)
Income (loss) from continuing operations:9,300(20,800)(24,000)9
Income (loss) before gain (loss) on sale of properties:(20,800)(24,000)9
Net income (loss) attributable to parent:9,300(20,800)(24,000)9
Preferred stock dividends and other adjustments(3,000)(2,600)  
Net income (loss) available to common stockholders, diluted:6,300(23,400)(24,000)9

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):9,300(20,800)(24,000)9
Comprehensive income (loss):9,300(20,800)(24,000)9
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,900)   
Comprehensive income (loss), net of tax, attributable to parent:6,400(20,800)(24,000)9

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: