Bel Fuse Inc. (BELFB) Financial Statements (2025 and earlier)
Company Profile
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024
| 12/31/2023
| 12/31/2022
| 12/31/2021
| 12/31/2020
| 12/31/2019
| 12/31/2018
|
|
ASSETS |
|
Current Assets |
|
Cash, cash equivalents, and short-term investments | | 89,371 | 70,266 | 61,756 | 84,939 | 72,289 | 53,911 |
|
Cash and cash equivalent | | 89,371 | 70,266 | 61,756 | 84,939 | 72,289 | 53,911 |
|
Receivables | | 84,129 | 107,274 | 87,135 | 71,372 | 76,092 | 91,939 |
|
Inventory, net of allowances, customer advances and progress billings | | 136,540 | 172,465 | 139,383 | 100,133 | 107,276 | 120,068 |
|
Inventory | | 136,540 | 172,465 | 139,383 | 100,133 | 107,276 | 120,068 |
|
Contract with customer, asset, after allowance for credit loss | | 12,793 | 18,244 | 28,275 | 14,135 | 16,318 | 15,799 |
|
Asset, held-for-sale, not part of disposal group | | | | | | | |
|
Other current assets | | 21,097 | 13,159 | 12,467 | 9,637 | 11,206 | 8,792 |
|
Debt securities, held-to-maturity, excluding accrued interest, after allowance for credit loss | ✕ | 37,548 | | | ✕ | ✕ | ✕ |
|
Other undisclosed current assets | | | | | | | |
|
Total current assets: | | 381,478 | 381,408 | 329,016 | 280,216 | 283,181 | 290,509 |
|
Noncurrent Assets |
|
Operating lease, right-of-use asset | | 20,481 | 21,551 | 21,252 | 14,217 | 18,504 | ✕ |
|
Property, plant and equipment | | 36,533 | 36,833 | 38,210 | 34,501 | 41,943 | 43,932 |
|
Long-term investments and receivables | | 10,282 | | | | | |
|
Long-term investments | | 10,282 | | | | | |
|
Intangible assets, net (including goodwill) | | 76,033 | 79,210 | 87,646 | 89,755 | 94,357 | 82,506 |
|
Goodwill | | 26,642 | 25,099 | 26,651 | 23,966 | 21,993 | 19,817 |
|
Intangible assets, net (excluding goodwill) | | 49,391 | 54,111 | 60,995 | 65,789 | 72,364 | 62,689 |
|
Deferred income tax assets | | 11,553 | 7,281 | 4,461 | 5,705 | 3,731 | ✕ |
|
Other noncurrent assets | | 33,119 | 34,183 | 31,261 | 29,472 | 27,201 | 26,081 |
|
Other undisclosed noncurrent assets | | 2,152 | | | | | 496 |
|
Total noncurrent assets: | | 190,153 | 179,058 | 182,830 | 173,650 | 185,736 | 153,015 |
|
TOTAL ASSETS: | | 571,631 | 560,466 | 511,846 | 453,866 | 468,917 | 443,524 |
|
LIABILITIES AND EQUITY |
|
Liabilities |
|
Current Liabilities |
|
Accounts payable and accrued liabilities | | 95,098 | 115,462 | 100,413 | 68,250 | 71,087 | 88,461 |
|
Accounts payable | | 40,441 | 64,589 | 65,960 | 39,774 | 44,169 | 56,171 |
|
Accrued liabilities | | 54,657 | 50,873 | 34,453 | 28,476 | 26,918 | 32,290 |
|
Deferred revenue | | 3,046 | | 2,224 | 2,077 | | ✕ |
|
Debt | | | | | 5,484 | 12,866 | 2,508 |
|
Liability for uncertainty in income taxes | | | | | 2,400 | | |
|
Other liabilities | | 9,161 | 14,972 | 4,719 | 7,409 | 6,265 | 15,061 |
|
Other undisclosed current liabilities | | 3,304 | 5,870 | 4,656 | 1,916 | | |
|
Total current liabilities: | | 110,609 | 136,304 | 112,012 | 87,536 | 90,218 | 106,030 |
|
Noncurrent Liabilities |
|
Long-term debt and lease obligation | | 60,000 | 95,000 | 127,168 | 118,358 | 149,966 | 111,705 |
|
Long-term debt, excluding current maturities | | 60,000 | 95,000 | 112,500 | 110,294 | 138,215 | 111,705 |
|
Finance lease, liability | | | | | | | ✕ |
|
Liabilities, other than long-term debt | | 60,464 | 66,816 | 63,923 | 62,173 | 60,682 | 49,319 |
|
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,161 |
|
Deferred income tax liabilities | | 1,456 | 1,257 | 1,487 | 1,030 | 1,726 | ✕ |
|
Liability for uncertainty in income taxes | | 19,823 | 24,798 | 28,434 | 26,089 | 26,901 | 27,553 |
|
Liability, pension and other postretirement and postemployment benefits | | 19,876 | 18,522 | 23,909 | 24,620 | 21,545 | 18,683 |
|
Other liabilities | | 5,097 | 6,497 | 10,093 | 10,434 | 10,510 | 1,922 |
|
Operating lease, liability | | 14,212 | 15,742 | 14,668 | 8,064 | 11,751 | ✕ |
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Other undisclosed noncurrent liabilities | | | | | | | |
|
Total noncurrent liabilities: | | 120,464 | 161,816 | 191,091 | 180,531 | 210,648 | 161,024 |
|
Total liabilities: | | 231,073 | 298,120 | 303,103 | 268,067 | 300,866 | 267,054 |
|
Temporary equity, including noncontrolling interest | | | | | | | |
|
Equity |
|
Equity, attributable to parent, including: | | 340,558 | 262,346 | 208,743 | 185,799 | 168,051 | 176,470 |
|
Treasury stock, value | | (454) | (349) | | | | |
|
Additional paid in capital | | 44,260 | 40,772 | 38,419 | 36,136 | 33,826 | 31,387 |
|
Accumulated other comprehensive loss | | (12,037) | (16,546) | (18,863) | (18,063) | (24,065) | (24,838) |
|
Retained earnings | | 307,510 | 237,188 | 187,935 | 166,491 | 157,063 | 168,695 |
|
Other undisclosed equity, attributable to parent | | 1,279 | 1,281 | 1,252 | 1,235 | 1,227 | 1,226 |
|
Total equity: | | 340,558 | 262,346 | 208,743 | 185,799 | 168,051 | 176,470 |
|
TOTAL LIABILITIES AND EQUITY: | | 571,631 | 560,466 | 511,846 | 453,866 | 468,917 | 443,524 |
Income Statement (P&L) ($ in thousands)
Comprehensive Income ($ in thousands)
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.