CIRCOR International, Inc. (CIR) Financial Statements (2024 and earlier)

Company Profile

Business Address C/O CIRCOR INC
BURLINGTON, MA 01803-4238
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 349 - Miscellaneous Fabricated Metal Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2023
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 investments64,27559,92476,45284,53168,517110,356
Cash and cash equivalents64,27559,92476,45284,53168,517110,356
Receivables109,754100,149102,730125,422183,552223,922
Inventory, net of allowances, customer advances and progress billings139,786123,343129,084137,309217,378244,896
Inventory139,786123,343129,084137,309217,378244,896
Prepaid expense 1,100900800   
Deferred costs     600600
Disposal group, including discontinued operation   5,073161,193  
Asset, held-for-sale, not part of disposal group    087,940 
Other undisclosed current assets116,666109,84992,42666,66490,05958,619
Total current assets:431,581394,165406,565575,119648,046638,393
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 5,053  3,189
Operating lease, right-of-use asset37,438  17,624
Property, plant and equipment141,141154,461168,763172,179201,799217,539
Intangible assets, net (including goodwill)376,185426,382512,539657,435900,5071,019,126
Goodwill119,847122,906158,944271,893459,205505,762
Intangible assets, net (excluding goodwill)256,338303,476353,595385,542441,302513,364
Derivative instruments and hedges    476  
Disposal group, including discontinued operation, noncurrent assets    1,867  
Deferred income tax assets512756  
Other noncurrent assets20,77743,53441,88235,36012,7989,407
Defined benefit plan, assets for plan benefits1,517
Other undisclosed noncurrent assets   7797,69628,46220,817
Total noncurrent assets:581,106625,133723,963895,8261,143,5661,268,406
TOTAL ASSETS:1,012,6871,019,2981,130,5281,470,9451,791,6121,906,799
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities163,288116,099165,192193,086265,071322,517
Taxes payable6,166    
Employee-related liabilities26,55128,33219,51833,87834,734
Accounts payable78,77883,38261,23679,399123,881117,329
Accrued liabilities84,510 75,62494,169107,312170,454
Debt 8561,611  7,850 
Other undisclosed current liabilities29,96175,832 43,28911,141 
Total current liabilities:194,105193,542165,192236,375284,062322,517
Noncurrent Liabilities
Long-term debt and lease obligation500,796511,694529,242653,358778,187787,343
Long-term debt, excluding current maturities496,534511,694507,888636,297778,187787,343
Finance lease, liability 4,262 3,4342,744
Liabilities, other than long-term debt158,740180,346205,288177,058200,370194,965
Deferred tax liabilities, net33,93226,122
Deferred income tax liabilities18,23821,721  
Liability, pension and other postretirement and postemployment benefits85,968120,881163,642146,801150,623150,719
Disposal group, including discontinued operation, liabilities    789  
Other liabilities20,31637,74458,78538,63615,81518,124
Operating lease, liability34,218 17,92014,317
Derivative instruments and hedges, liabilities   (17,139)(9,168)  
Total noncurrent liabilities:659,536692,040734,530830,416978,557982,308
Total liabilities:853,641885,582899,7221,066,7911,262,6191,304,825
Equity
Equity, attributable to parent159,046133,716206,041391,411528,993601,974
Common stock218217214213212212
Treasury stock, value(74,472)(74,472)(74,472)(74,472)(74,472)(74,472)
Additional paid in capital456,102454,852452,728446,657440,890438,721
Accumulated other comprehensive loss(44,109)(48,800)(85,968)(80,267)(69,739)(36,730)
Retained earnings (accumulated deficit)(178,693)(198,081)(86,461)99,280232,102274,243
Total equity:159,046133,716206,041391,411528,993601,974
Other undisclosed liabilities and equity   24,76512,743  
TOTAL LIABILITIES AND EQUITY:1,012,6871,019,2981,130,5281,470,9451,791,6121,906,799

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

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues786,919758,667773,271964,3131,175,825661,710
Revenue, net1,175,825661,710
Cost of revenue
(Cost of Goods and Services Sold)
(529,832)(528,291)(530,844)(655,504)(834,175)(460,890)
Gross profit:257,087230,376242,427308,809341,650200,820
Operating expenses(224,360)(239,661)(337,176)(248,256)(308,427)(166,201)
Other operating income, net
(Other Nonrecurring (Income) Expense)
      
Other undisclosed operating income (loss)30,079(20,038)34,303(22,872)(23,839)(14,051)
Operating income (loss):62,806(29,323)(60,446)37,6819,38420,568
Nonoperating expense(39,139)(28,539)(33,690)(47,773)(45,478)(14,455)
Other nonoperating income (expense)5,7473,8265298367,435(3,678)
Interest and debt expense (4,977)(8,693)(70)(40)(200)(1,810)
Other undisclosed income from continuing operations before equity method investments, income taxes   70402001,810
Income (loss) from continuing operations before equity method investments, income taxes:18,690(66,555)(94,136)(10,092)(36,094)6,113
Other undisclosed income from continuing operations before income taxes 4,9778,693    
Income (loss) from continuing operations before income taxes:23,667(57,862)(94,136)(10,092)(36,094)6,113
Income tax expense (benefit)(4,279)(5,182)(56,222)(14,676)(3,290)5,676
Income (loss) from continuing operations:19,388(63,044)(150,358)(24,768)(39,384)11,789
Income (loss) before gain (loss) on sale of properties:(61,638)(185,498)(133,935)(39,384)11,789
Income (loss) from discontinued operations  1,406(35,140)(109,167)  
Net income (loss) available to common stockholders, diluted:19,388(61,638)(185,498)(133,935)(39,384)11,789

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):19,388(61,638)(185,498)(133,935)(39,384)11,789
Comprehensive income (loss):19,388(61,638)(185,498)(133,935)(39,384)11,789
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4,69140,329(5,701)(10,528)(33,009)39,531
Comprehensive income (loss), net of tax, attributable to parent:24,079(21,309)(191,199)(144,463)(72,393)51,320

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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