Ampco-Pittsburgh Corporation (AP) Financial Statements (2024 and earlier)

Company Profile

Business Address 726 BELL AVENUE
CARNEGIE, PA 15106
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 3561 - Pumps and Pumping Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,4756,0748,73512,1907,3726,785
Cash and cash equivalents9,4756,0748,73512,1907,3726,785
Receivables98,738101,79093,49294,222102,08398,631
Inventory, net of allowances, customer advances and progress billings132,054131,607121,73992,511100,35297,872
Inventory132,054131,607121,73992,511100,35297,872
Other current assets7,8088,0507,4425,7755,5136,531
Other undisclosed current assets      
Total current assets:248,075247,521231,408204,698215,320209,819
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization3,8673,9443,9174,1884,6804,391
Operating lease, right-of-use asset3,5543,4063,5223,5473,7633,927
Nontrade receivables84,22387,83390,91097,549100,727103,697
Property, plant and equipment156,712154,656154,998153,028155,063156,485
Long-term investments and receivables2,1752,1752,1752,1752,1752,175
Long-term investments2,1752,1752,1752,1752,1752,175
Intangible assets, net (including goodwill)4,8595,1315,1944,9705,4315,970
Intangible assets, net (excluding goodwill)4,8595,1315,1944,9705,4315,970
Other noncurrent assets5,1395,0735,1845,2605,8836,498
Other undisclosed noncurrent assets5,9845,6665,4668,9508,7299,672
Total noncurrent assets:266,513267,884271,366279,667286,451292,815
TOTAL ASSETS:514,588515,405502,774484,365501,771502,634
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60,24161,59655,00562,84073,23862,420
Employee-related liabilities12,62814,29214,441
Accounts payable46,58349,49343,20937,58444,65447,979
Accrued liabilities13,65812,10311,79612,62814,292 
Debt15,13713,59412,41015,37614,01219,530
Estimated litigation liability23,00023,00023,00023,00023,00023,000
Due to related parties7759404128919722,635
Other liabilities25,44728,44424,76329,17431,20621,935
Other undisclosed current liabilities842626635(11,998)(13,668)626
Total current liabilities:125,442128,200116,225119,283128,760130,146
Noncurrent Liabilities
Long-term debt and lease obligation, including:108,30797,20693,06182,91475,79158,392
Other undisclosed long-term debt and lease obligation108,30797,20693,06179,99772,65255,091
Liabilities, other than long-term debt163,227171,666177,574197,606206,892215,132
Liability, pension and other postretirement and postemployment benefits40,34441,94743,43154,16757,26259,682
Estimated litigation liability119,786126,257130,575142,631148,710154,280
Other liabilities3856826828089201,170
Operating lease, liability2,7122,7802,8862,9173,1393,301
Other undisclosed noncurrent liabilities2,0322,4402,5186,5436,6707,034
Total noncurrent liabilities:273,566271,312273,153287,063289,353280,558
Total liabilities:399,008399,512389,378406,346418,113410,704
Equity
Equity, attributable to parent106,106106,475104,32669,41174,78182,705
Common stock19,72919,40419,40419,40319,35519,191
Additional paid in capital176,160176,283175,656175,504174,868174,824
Accumulated other comprehensive loss(57,813)(56,819)(58,412)(72,324)(65,424)(56,889)
Accumulated deficit(31,970)(32,393)(32,322)(53,172)(54,018)(54,421)
Equity, attributable to noncontrolling interest9,4749,4189,0708,6088,8779,225
Total equity:115,580115,893113,39678,01983,65891,930
TOTAL LIABILITIES AND EQUITY:514,588515,405502,774484,365501,771502,634

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues107,211104,80393,53499,647102,58294,426
Cost of revenue
(Cost of Goods and Services Sold)
(85,471)(86,372)(77,311)(84,378)(87,487)(78,820)
Gross profit:21,74018,43116,22315,26915,09515,606
Operating expenses(18,452)(16,438)(16,520)(15,343)(15,415)(14,363)
Other undisclosed operating income   2,226   
Operating income (loss):3,2881,9931,929(74)(320)1,243
Nonoperating income (expense)(2,140)(695)(1,070)2,1951,231422
Investment income, nonoperating79650724
Other nonoperating income981,3676743,1742,4331,412
Interest and debt expense(2,245)(2,071)(1,750)(1,486)(1,204)(994)
Income (loss) from continuing operations before equity method investments, income taxes:(1,097)(773)(891)635(293)671
Other undisclosed income from continuing operations before income taxes2,2452,0711,7501,4861,204994
Income from continuing operations before income taxes:1,1481,2988592,1219111,665
Income tax expense(152)(313)(144)(987)(389)(56)
Income from continuing operations:9969857151,1345221,609
Income before gain (loss) on sale of properties:1,1345221,609
Net income:9969857151,1345221,609
Net income (loss) attributable to noncontrolling interest(573)(309)(193)(288)(119)36
Net income available to common stockholders, diluted:4236765228464031,645

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:9969857151,1345221,609
Other comprehensive income (loss)(1,511)1,63214,181(7,457)(9,002)(1,755)
Comprehensive income (loss):(515)2,61714,896(6,323)(8,480)(146)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(56)(348)(462)2693488
Comprehensive income (loss), net of tax, attributable to parent:(571)2,26914,434(6,054)(8,132)(138)

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.

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