The Dixie Group, Inc. (DXYN) Financial Statements (2024 and earlier)

Company Profile

Business Address PO BOX 2007
DALTON, GA 30722
State of Incorp. TN
Fiscal Year End December 31
Industry (SIC) 2273 - Carpets and Rugs (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 investments, including:3631,4711,9207691819
Cash and cash equivalents   1,9207691819
Other undisclosed cash, cash equivalents, and short-term investments3631,471    
Receivables25,00940,29137,71637,13842,54246,480
Inventory, net of allowances, customer advances and progress billings83,69982,73985,39995,509105,195113,657
Inventory83,69982,73985,39995,509105,195113,657
Disposal group, including discontinued operation6415,991    
Other undisclosed current assets10,1679,9258,2966,1795,2043,600
Total current assets:119,879140,417133,331139,595152,959163,756
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization5,25010,111  
Operating lease, right-of-use asset20,61722,53422,07424,835
Property, plant and equipment   57,90465,44284,11193,785
Long-term investments and receivables 50     
Long-term investments 50     
Intangible assets, net (including goodwill)      5,850
Goodwill      3,389
Intangible assets, net (excluding goodwill)      2,461
Disposal group, including discontinued operation, noncurrent assets1,5522,752    
Other noncurrent assets15,98221,13819,55917,78715,70819,447
Other undisclosed noncurrent assets39,61638,547    
Total noncurrent assets:83,06795,08299,537108,06499,819119,082
TOTAL ASSETS:202,946235,499232,868247,659252,778282,838
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,87242,96245,02341,50248,63148,832
Accounts payable14,20516,74819,05816,08417,77918,541
Accrued liabilities17,66726,21425,96525,41830,85230,291
Debt4,5733,3616,1166,6847,7949,811
Disposal group, including discontinued operation2,4475,362    
Other undisclosed current liabilities2,7742,5283,3233,172  
Total current liabilities:41,66654,21354,46251,35856,42558,643
Noncurrent Liabilities
Long-term debt and lease obligation, including:105,06473,70172,04181,667120,251123,446
Long-term debt, excluding current maturities94,72573,70172,04181,667120,251123,446
Finance lease, liability10,33912,68314,16715,472
Other undisclosed long-term debt and lease obligation (33,375)(33,571)(37,595)  
Liabilities, other than long-term debt35,04120,89523,54319,64417,11821,486
Liability, pension and other postretirement and postemployment benefits  377373344  
Disposal group, including discontinued operation, liabilities3,7594,488    
Other liabilities12,48016,03023,17019,30017,11821,486
Operating lease, liability18,80220,69219,40422,123
Other undisclosed noncurrent liabilities (10,339)20,31519,03121,779  
Total noncurrent liabilities:129,766114,911114,615123,090137,369144,932
Total liabilities:171,432169,124169,077174,448193,794203,575
Equity
Equity, attributable to parent, including:31,51466,37563,79173,21158,98479,263
Common stock   43,67245,07546,56845,839
Additional paid in capital158,331157,658158,329157,547156,390157,139
Accumulated other comprehensive income (loss)21930(530)(808)(108)(1,299)
Accumulated deficit(173,784)(138,706)(140,321)(131,113)(146,384)(125,000)
Other undisclosed equity, attributable to parent46,74847,3932,6412,5102,5182,584
Other undisclosed equity (31,295)     
Total equity:21966,37563,79173,21158,98479,263
Other undisclosed liabilities and equity 31,295     
TOTAL LIABILITIES AND EQUITY:202,946235,499232,868247,659252,778282,838

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
Revenues303,570341,247315,939374,582405,033412,462
Revenue, net412,462
Cost of revenue
(Cost of Goods and Services Sold)
(249,946)(263,992)(239,483)(288,377)(318,042)(311,249)
Gross profit:53,62477,25576,45686,20586,991101,213
Operating expenses(81,541)(68,181)(79,483)(88,844)(102,349)(96,807)
Other operating income (expense), net(239)92710823,988(458)(441)
Operating income (loss):(28,156)10,001(2,919)21,349(15,816)3,965
Nonoperating income (expense)(6)(1)(631)25,123(144)33
Gain (loss), foreign currency transaction, before tax   55(41)(126)72
Gains on sales of other real estate    25,121  
Other nonoperating income (expense)(6)(1)(678)57(3)(39)
Unusual or infrequent item, or both, net (gain) loss  1,700    
Interest and debt expense(5,340)(4,742)(5,803)(6,444)(6,491)(5,739)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (47)(25,066)141(72)
Income (loss) from continuing operations before income taxes:(33,502)5,258(9,400)14,962(22,310)(1,813)
Income tax expense (benefit)87(105)312657831(7,509)
Income (loss) from continuing operations:(33,415)5,153(9,088)15,619(21,479)(9,322)
Income (loss) before gain (loss) on sale of properties:1,616(9,208)15,271(21,384)(9,555)
Income (loss) from discontinued operations(1,664)(3,537)(120)(348)95(233)
Other undisclosed net loss  (1,700)    
Net income (loss) attributable to parent:(35,079)1,616(9,208)15,271(21,384)(9,555)
Undistributed earnings (loss) allocated to participating securities, basic  (200) (468)  
Net income (loss) available to common stockholders, diluted:(35,079)1,416(9,208)14,803(21,384)(9,555)

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):(35,079)1,616(9,208)15,271(21,384)(9,555)
Other comprehensive income (loss)189560278(700)1,191872
Comprehensive income (loss), net of tax, attributable to parent:(34,890)2,176(8,930)14,571(20,193)(8,683)

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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