Charah Solutions, Inc. (CHRA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
12601 PLANTSIDE DRIVE LOUISVILLE, KY 40299 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4955 - Hazardous Waste Management (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2023 MRQ | 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 | 21,559 | 24,266 | 24,787 | 4,913 | 6,900 | |||
| Cash and cash equivalents | 21,559 | 24,266 | 24,787 | 4,913 | 6,900 | |||
| Restricted cash and investments | 40,100 | 34,908 | 4,424 | |||||
| Receivables | 45,696 | 49,303 | 47,051 | 52,238 | 61,636 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,204 | 6,289 | 5,917 | 14,792 | 25,797 | |||
| Inventory | 5,204 | 6,289 | 5,917 | 14,792 | 25,797 | |||
| Contract with customer, asset, after allowance for credit loss | 20,981 | 26,844 | 18,329 | 20,641 | ||||
| Other undisclosed current assets | 4,709 | 6,113 | 5,287 | 5,926 | 91,843 | |||
| Total current assets: | 138,249 | 147,723 | 105,795 | 98,510 | 186,176 | |||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 49,306 | ✕ | ||||||
| Operating lease, right-of-use asset | 32,748 | ✕ | ||||||
| Property, plant and equipment | 70,473 | 49,470 | 85,294 | 88,941 | ||||
| Long-term investments and receivables | 7 | 831 | 5,078 | 5,060 | ||||
| Long-term investments | 7 | 831 | 5,078 | 5,060 | ||||
| Intangible assets, net (including goodwill) | 62,193 | 115,724 | 123,619 | 166,686 | 175,698 | |||
| Goodwill | 62,193 | 62,193 | 62,193 | 74,213 | 74,213 | |||
| Intangible assets, net (excluding goodwill) | 53,531 | 61,426 | 92,473 | 101,485 | ||||
| Other noncurrent assets | 11,413 | 10,180 | 1,245 | 188 | 891 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 2,747 | ||
| Other undisclosed noncurrent assets | 44,634 | (612) | ||||||
| Total noncurrent assets: | 200,294 | 196,384 | 175,165 | 257,246 | 272,725 | |||
| TOTAL ASSETS: | 338,543 | 344,107 | 280,960 | 355,756 | 458,901 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 62,771 | 69,523 | 50,627 | 62,761 | 62,774 | |||
| Interest and dividends payable | ✕ | ✕ | 2,008 | 77 | 1,761 | |||
| Employee-related liabilities | ✕ | ✕ | 15,480 | |||||
| Accounts payable | 36,475 | 30,641 | 15,613 | 25,510 | 24,821 | |||
| Accrued liabilities | 26,296 | 36,874 | 34,937 | 35,490 | 22,473 | |||
| Deferred revenue | 8,418 | 6,199 | 6,295 | ✕ | ||||
| Debt | 20,241 | 7,567 | 22,308 | 34,873 | 23,268 | |||
| Asset retirement obligation | 37,982 | 27,534 | 2,043 | 9,944 | 14,704 | |||
| Other liabilities | 1,027 | 460 | 935 | 1,116 | ||||
| Other undisclosed current liabilities | 12,483 | 4,971 | 2,122 | 5,931 | 11,369 | |||
| Total current liabilities: | 142,922 | 116,254 | 84,330 | 114,625 | 112,115 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 174,169 | 133,661 | 124,969 | 150,698 | 211,022 | |||
| Long-term debt, excluding current maturities | 149,584 | 133,661 | 124,969 | 150,698 | 211,022 | |||
| Finance lease, liability | 24,585 | ✕ | ||||||
| Liabilities, other than long-term debt | 61,161 | 18,419 | 7,434 | 18,160 | 22,575 | |||
| Asset retirement obligations | 30,579 | 14,879 | 3,116 | 5,187 | 11,361 | |||
| Deferred income tax liabilities | 819 | 949 | 368 | 1,492 | ✕ | |||
| Other liabilities | 4,192 | 641 | 2,000 | |||||
| Operating lease, liability | 23,621 | ✕ | ||||||
| Business combination, contingent consideration, liability | 1,950 | 1,950 | 1,950 | 11,481 | 11,214 | |||
| Other undisclosed noncurrent liabilities | 19,444 | 16,488 | 19,000 | 19,799 | ||||
| Total noncurrent liabilities: | 235,330 | 171,524 | 148,891 | 187,858 | 253,396 | |||
| Total liabilities: | 378,252 | 287,778 | 233,221 | 302,483 | 365,511 | |||
| Temporary equity, carrying amount | 35,532 | 27,423 | ||||||
| Equity | ||||||||
| Equity, attributable to parent, including: | (111,252) | 20,535 | 19,906 | 52,481 | 92,585 | |||
| Common stock | 339 | 334 | 300 | 296 | ||||
| Additional paid in capital | 110,931 | 114,880 | 108,471 | 85,187 | ||||
| Retained earnings (accumulated deficit) | (222,522) | (94,679) | (88,865) | (33,002) | 9,414 | |||
| Other undisclosed equity, attributable to parent | 83,171 | |||||||
| Equity, attributable to noncontrolling interest | 262 | 410 | 792 | 805 | ||||
| Total equity: | (111,252) | 20,797 | 20,316 | 53,273 | 93,390 | |||
| Other undisclosed liabilities and equity | 71,543 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 338,543 | 344,107 | 280,960 | 355,756 | 458,901 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 293,167 | 293,219 | 232,377 | 554,868 | 740,462 | ||
| Cost of revenue | (302,781) | (267,321) | (209,570) | (514,492) | (642,734) | ||
| Cost of goods and services sold | (267,321) | (209,570) | (514,492) | ||||
| Gross profit: | (9,614) | 25,898 | 22,807 | 40,376 | 97,728 | ||
| Operating expenses | (54,737) | (41,699) | (34,064) | (60,870) | (76,752) | ||
| Other undisclosed operating income (loss) | (45,237) | 26,339 | (28,312) | ||||
| Operating income (loss): | (109,588) | 10,538 | (39,569) | (20,494) | 20,976 | ||
| Interest and debt expense | (18,567) | (15,865) | (22,377) | (16,835) | (32,226) | ||
| Loss from continuing operations before equity method investments, income taxes: | (128,155) | (5,327) | (61,946) | (37,329) | (11,250) | ||
| Income (loss) from equity method investments | (7) | 191 | (2,516) | 2,295 | 2,407 | ||
| Other undisclosed loss from continuing operations before income taxes | |||||||
| Loss from continuing operations before income taxes: | (128,162) | (5,136) | (64,462) | (35,034) | (8,843) | ||
| Income tax expense (benefit) | 57 | (661) | 914 | (4,190) | 2,427 | ||
| Other undisclosed income (loss) from continuing operations | 262 | (17) | 128,294 | ||||
| Income (loss) from continuing operations: | (127,843) | (5,814) | 64,746 | (39,224) | (6,416) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (5,814) | 73,629 | (39,224) | (6,416) | ||
| Income from discontinued operations | 8,883 | ||||||
| Other undisclosed net income (loss) | (262) | 17 | (128,294) | ||||
| Net loss: | (128,105) | (5,797) | (54,665) | (39,224) | (6,416) | ||
| Net income (loss) attributable to noncontrolling interest | 262 | (17) | (1,198) | (2,834) | (2,486) | ||
| Net loss attributable to parent: | (127,843) | (5,814) | (55,863) | (42,058) | (8,902) | ||
| Preferred stock dividends and other adjustments | (5,906) | (8,748) | (4,525) | ||||
| Net loss available to common stockholders, diluted: | (133,749) | (14,562) | (60,388) | (42,058) | (8,902) | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (128,105) | (5,797) | (54,665) | (39,224) | (6,416) | ||
| Comprehensive loss: | (128,105) | (5,797) | (54,665) | (39,224) | (6,416) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 262 | (17) | (1,198) | (2,834) | (2,486) | ||
| Comprehensive loss, net of tax, attributable to parent: | (127,843) | (5,814) | (55,863) | (42,058) | (8,902) | ||
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.