Ballantyne Strong, Inc. (BTN) financial statements (2022 and earlier)

Company profile

Business Address 4201 CONGRESS STREET
CHARLOTTE, NC 28209
State of Incorp. DE
Fiscal Year End December 31
SIC 3861 - Photographic Equipment and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,73110,37217,85722,3174,4357,0266,470
Cash and cash equivalents8,73110,37217,85722,3174,4357,0266,470
Receivables4,6314,4464,4554,5655,5586,1157,515
Inventory, net of allowances, customer advances and progress billings3,2712,9862,8342,3402,2642,8163,010
Inventory3,2712,9862,8342,3402,2642,8163,010
Disposal group, including discontinued operation    3,748  
Other current assets4,9925,6674,4601,7691,4521,7353,243
Other undisclosed current assets150150150150352352352
Total current assets:21,77523,62129,75631,14117,80918,04420,590
Noncurrent Assets
Finance lease, right-of-use asset 12342,4652,138
Operating lease, right-of-use asset3,9753,8423,9984,1524,3044,7055,206
Property, plant and equipment6,2266,1096,4065,4305,5249,0289,956
Long-term investments and receivables7,2165,9277,9508,6247,0679,1089,635
Long-term investments5,5494,0525,8676,3327,0679,1089,635
Accounts and financing receivable, after allowance for credit loss1,6671,8752,0832,292   
Intangible assets, net (including goodwill)1,0111,0691,1721,2321,2912,1092,205
Goodwill942937963950938895876
Intangible assets, net (excluding goodwill)691322092823531,2141,329
Regulated entity, other noncurrent assets     1114
Disposal group, including discontinued operation, noncurrent assets    6,372  
Other noncurrent assets22195201,530283199
Other undisclosed noncurrent assets35,58433,28913,21413,15213,10012,8873,600
Total noncurrent assets:54,03450,25633,26234,12337,69040,34432,853
TOTAL ASSETS:75,80973,87763,01865,26455,49958,38853,443
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,2395,9155,0014,6574,8996,9128,072
Accounts payable4,2452,9151,9842,3332,7173,4484,470
Accrued liabilities2,9942,4003,0172,3242,1823,4643,602
Employee-related liabilities 600     
Debt3,0213,2013,5053,6744,3144,0274,741
Disposal group, including discontinued operation    3,901  
Other undisclosed current liabilities3,8693,8133,0484,1203,0236,7615,503
Total current liabilities:14,12912,92911,55412,45116,13717,70018,316
Noncurrent Liabilities
Long-term debt and lease obligation3,6913,4083,5284,4894,9089,83510,633
Long-term debt, excluding current maturities105    2,6172,832
Finance lease, liability   8171,0913,1113,387
Operating lease, liability3,5863,4083,5283,6723,8174,1074,414
Liabilities, other than long-term debt5,7125,4473,0743,2327,3883,1733,043
Deferred income tax liabilities5,5945,2182,8432,9913,0993,0532,933
Disposal group, including discontinued operation, liabilities    4,066  
Other liabilities118229231241223120110
Other undisclosed noncurrent liabilities      27
Total noncurrent liabilities:9,4038,8556,6027,72112,29613,00813,703
Total liabilities:23,53221,78418,15620,17228,43330,70832,019
Stockholders' equity
Stockholders' equity attributable to parent52,27752,09344,86245,09227,06627,68021,424
Preferred stock  212    
Common stock213212 211176176176
Treasury stock, value(18,586)(18,586)(18,586)(18,586)(18,586)(18,586)(18,586)
Additional paid in capital50,80750,60350,39050,29543,71343,31143,072
Accumulated other comprehensive loss(3,748)(4,259)(4,191)(4,293)(3,891)(4,693)(5,064)
Retained earnings23,59124,12317,03717,4655,6547,4721,826
Total stockholders' equity:52,27752,09344,86245,09227,06627,68021,424
TOTAL LIABILITIES AND EQUITY:75,80973,87763,01865,26455,49958,38853,443

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues10,0496,1166,0944,772(6,988)9,9076,446
Cost of revenue
(Cost of Goods and Services Sold)
(7,911)(3,668)(3,630)(3,612)3,548(6,660)(4,983)
Gross profit:2,1382,4482,4641,160(3,440)3,2471,463
Operating expenses(3,415)(2,566)(2,448)(2,917)278(3,610)(3,570)
Operating income (loss):(1,277)(118)16(1,757)(3,162)(363)(2,107)
Nonoperating income (expense)2,17910,223(369)812632,322(36)
Foreign currency transaction gain (loss), before tax(11)162(234)16(304)(173)(303)
Other nonoperating income (expense)(15)1,692121422352,749535
Interest and debt expense (28)(226)(66)135(154)(153)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 2822666(135)154153
Income (loss) from continuing operations before equity method investments, income taxes:90210,105(353)(1,676)(2,899)1,959(2,143)
Loss from equity method investments(903)(323)(376)(769)(2,097)(460)(1,489)
Income (loss) from continuing operations before income taxes:(1)9,782(729)(2,445)(4,996)1,499(3,632)
Income tax expense(448)(2,696)(23)(69)(236)(526)(96)
Net income (loss):(449)7,086(752)(2,514)(5,232)973(3,728)
Other undisclosed net income (loss) attributable to parent(83) 32414,3253,4144,673 
Net income (loss) available to common stockholders, diluted:(532)7,086(428)11,811(1,818)5,646(3,728)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(449)7,086(752)(2,514)(5,232)973(3,728)
Other comprehensive income (loss) (68)102(402) 371690
Other undisclosed comprehensive income143   578  
Comprehensive income (loss):(306)7,018(650)(2,916)(4,654)1,344(3,038)
Other undisclosed comprehensive income, net of tax, attributable to parent285 32414,3253,6384,673 
Comprehensive income (loss), net of tax, attributable to parent:(21)7,018(326)11,409(1,016)6,017(3,038)

Statements sources

The financial statements are based on the company's filings with the 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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