Energy Services of America CORP (ESOA) Financial Statements (2024 and earlier)

Company Profile

Business Address 75 WEST 3RD AVE.
HUNTINGTON, WV 25701
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 1623 - Water, Sewer, Pipeline, and Communications and Power Line Construction (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2023
MRQ
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,5317,4278,22711,2174,5781,053
Cash and cash equivalents7,5317,4278,22711,2174,5781,053
Receivables35,31538,46621,56618,20921,61822,494
Contract with customer, asset, after allowance for credit loss14,39816,1108,7306,5466,660 
Disposal group, including discontinued operation      12
Other undisclosed current assets8,1608,3904,4595,7996,25714,306
Total current assets:65,40470,39242,98141,77239,11337,865
Noncurrent Assets
Operating lease, right-of-use asset1,4791,611   
Property, plant and equipment33,21232,66222,95016,39216,81516,816
Intangible assets, net (including goodwill)7,8287,9614,240   
Goodwill4,0884,0881,814   
Intangible assets, net (excluding goodwill)3,7413,8742,426   
Total noncurrent assets:42,52042,23427,19016,39216,81516,816
TOTAL ASSETS:107,923112,62770,17158,16355,92854,681
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:23,79831,58012,8859,4596,4294,273
Accounts payable14,98420,3147,2855,2222,9206,205
Accrued liabilities8,81411,2665,6004,2373,509 
Other undisclosed accounts payable and accrued liabilities      (1,932)
Deferred revenue8,6126,0283,1534,8523,455
Debt17,07527,2258,4424,5398,4293,221
Disposal group, including discontinued operation      29
Deferred tax liabilities545
Other undisclosed current liabilities507589   15,535
Total current liabilities:49,99265,42224,48018,85018,31423,603
Noncurrent Liabilities
Long-term debt and lease obligation14,44513,4949,02111,23411,0246,469
Long-term debt, excluding current maturities14,44513,4949,02111,23411,0246,469
Liabilities, other than long-term debt4,9985,4712,0332,2561,9261,328
Deferred tax liabilities, net1,328
Deferred income tax liabilities4,0334,4552,0332,2561,926
Operating lease, liability9651,016   
Total noncurrent liabilities:19,44318,96511,05413,48912,9507,797
Total liabilities:69,43584,38635,53432,33931,26431,400
Equity
Equity, attributable to parent38,48928,24134,63725,82424,66423,281
Common stock221111
Treasury stock, value(0)(0)(0)(0)(0)(0)
Additional paid in capital60,50860,50860,67160,67160,93961,239
Accumulated deficit(22,021)(32,269)(26,035)(34,848)(36,276)(37,960)
Total equity:38,48928,24134,63725,82424,66423,281
TOTAL LIABILITIES AND EQUITY:107,923112,62770,17158,16355,92854,681

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

6/30/2023
TTM
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues214,973197,590122,466119,194174,541135,483
Cost of revenue
(Cost of Goods and Services Sold)
(191,925)(175,219)(109,545)(105,693)(161,861)(123,834)
Gross profit:23,04922,37112,92113,50112,68011,649
Operating expenses(17,562)(15,878)(13,814)(9,832)(8,857)(7,728)
Operating income (loss):5,4876,493(893)3,6703,8223,921
Nonoperating income (expense)(956)(480)9,961(93)(861)(502)
Investment income, nonoperating012875358132
Other nonoperating income (expense)(175)(248)(289)(240)(113)(175)
Interest and debt expense(1,165)(988)(557)(486)(1,064)(917)
Income from continuing operations before equity method investments, income taxes:3,3675,0258,5113,0901,8972,502
Other undisclosed income from continuing operations before income taxes1,1659885574861,064917
Income from continuing operations before income taxes:4,5316,0139,0683,5762,9613,419
Income tax expense (benefit)(1,689)(2,263)29(1,143)(969)(910)
Income from continuing operations:2,8433,7509,0972,4331,9932,509
Income before gain (loss) on sale of properties:2,6799,0972,4331,9932,509
Net income attributable to parent:2,8433,7509,0972,4331,9932,509
Preferred stock dividends and other adjustments   (284)(309)(309)(309)
Net income available to common stockholders, diluted:2,8433,7508,8132,1241,6842,200

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income:2,8433,7509,0972,4331,9932,509
Comprehensive income, net of tax, attributable to parent:2,8433,7509,0972,4331,9932,509

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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