Broadwind, Inc. (BWEN) Financial Statements (2024 and earlier)

Company Profile

Business Address 3240 S. CENTRAL AVENUE
CICERO, IL 60804
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 336 - Nonferrous Foundries (castings) (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,7328523,3722,4161,17778
Cash and cash equivalents12,7328523,3722,4161,17778
Receivables17,01813,80215,33718,31017,45513,644
Inventory, net of allowances, customer advances and progress billings44,26233,37726,72431,86322,67019,279
Inventory44,26233,37726,72431,86322,67019,279
Contract with customer, asset, after allowance for credit loss1,9551,1362,253  
Disposal group, including discontinued operation      580
Other undisclosed current assets3,2913,1582,9092,1241,7761,798
Total current assets:79,25852,32550,59554,71343,07835,379
Noncurrent Assets
Operating lease, right-of-use asset16,39618,02919,32115,980
Property, plant and equipment45,31943,65545,19546,94049,08755,693
Intangible assets, net (including goodwill), including:2,7283,4534,1864,91911,59516,078
Goodwill     4,9934,993
Intangible assets, net (excluding goodwill)2,7283,4534,1864,9196,60216,078
Other undisclosed intangible assets, net (including goodwill)      (4,993)
Other noncurrent assets839585385314398207
Other undisclosed noncurrent assets     (4,993)4,993
Total noncurrent assets:65,28265,72269,08768,15356,08776,971
TOTAL ASSETS:144,540118,047119,682122,86699,165112,350
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30,56820,11624,48726,78715,42416,149
Accounts payable26,25516,46218,18021,87611,61811,756
Accrued liabilities4,3133,6546,3074,9113,8064,393
Debt3,1788,7102,83314,78912,89715,014
Disposal group, including discontinued operation     2730
Customer advances and deposits9,791
Other undisclosed current liabilities36,43213,85720,65122,71723,507 
Total current liabilities:70,17842,68347,97164,29351,85540,984
Noncurrent Liabilities
Long-term debt and lease obligation11,36721,06330,94617,7691,9791,738
Long-term debt, excluding current maturities7,1411779,3815051,408797
Capital lease obligations571941
Finance lease, liability4,2262,4811,996673
Liabilities, other than long-term debt16,722167104441,9693,557
Other liabilities26167104441,9693,557
Operating lease, liability16,69618,40519,56916,591
Total noncurrent liabilities:28,08921,23031,05017,8133,9485,295
Total liabilities:98,26763,91379,02182,10655,80346,279
Equity
Equity, attributable to parent46,27354,13440,66140,76043,36266,071
Common stock212017171615
Treasury stock, value(1,842)(1,842)(1,842)(1,842)(1,842)(1,842)
Additional paid in capital397,240395,372384,749383,361381,441380,005
Accumulated deficit(349,146)(339,416)(342,263)(340,776)(336,253)(312,107)
Total equity:46,27354,13440,66140,76043,36266,071
TOTAL LIABILITIES AND EQUITY:144,540118,047119,682122,86699,165112,350

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues176,759145,619198,496178,220125,380146,785
Cost of revenue
(Cost of Goods and Services Sold)
      (138,626)
Other undisclosed gross profit(166,049)(140,108)(180,495)(162,808)(122,315) 
Gross profit:10,7105,51118,00115,4123,0658,159
Operating expenses(17,317)(18,105)(17,579)(17,769)(28,131)(15,592)
Operating income (loss):(6,607)(12,594)422(2,357)(25,066)(7,433)
Nonoperating income (expense)(3,088)15,466(1,861)(2,191)859(795)
Other nonoperating income1307,4441231182,3553
Interest and debt expense(467)(395)(210)(106)2,249 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   210106(2,249) 
Income (loss) from continuing operations before equity method investments, income taxes:(10,162)2,477(1,439)(4,548)(24,207)(8,228)
Other undisclosed income from continuing operations before income taxes467395    
Income (loss) from continuing operations before income taxes:(9,695)2,872(1,439)(4,548)(24,207)(8,228)
Income tax expense (benefit)(35)(25)(48)(38)2055,045
Income (loss) from continuing operations:(9,730)2,847(1,487)(4,586)(24,002)(3,183)
Income (loss) before gain (loss) on sale of properties:2,847(1,487)(4,586)(24,002)(3,183)
Other undisclosed net income (loss)    63(144)(458)
Net income (loss) available to common stockholders, diluted:(9,730)2,847(1,487)(4,523)(24,146)(3,641)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(9,730)2,847(1,487)(4,523)(24,146)(3,641)
Comprehensive income (loss), net of tax, attributable to parent:(9,730)2,847(1,487)(4,523)(24,146)(3,641)

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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