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
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,5967,5317,4275,3958,36211,133
Cash and cash equivalents11,5967,5317,4275,3958,36211,133
Receivables25,06135,31538,46624,16216,56425,337
Contract with customer, asset, after allowance for credit loss11,45014,39816,11011,9377,6985,915
Other undisclosed current assets11,6248,1608,3907,6097,1974,259
Total current assets:59,73165,40470,39249,10339,82246,644
Noncurrent Assets
Operating lease, right-of-use asset2,2601,4791,611348  
Property, plant and equipment35,14933,21232,66229,56022,57822,704
Intangible assets, net (including goodwill)7,6967,8287,9618,0984,0444,121
Goodwill4,0884,0884,0884,0881,8141,814
Intangible assets, net (excluding goodwill)3,6083,7413,8744,0112,2302,306
Total noncurrent assets:45,10542,52042,23438,00726,62226,825
TOTAL ASSETS:104,836107,923112,62787,11066,44373,469
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22,41723,79831,58019,26512,96812,912
Taxes payable100 
Accounts payable14,15914,98420,31411,3366,8467,344
Accrued liabilities8,2598,81411,2667,8296,1225,568
Deferred revenue7,0448,6126,0286,0154,2137,529
Debt30,11927,18527,2257,8405,1057,681
Other undisclosed current liabilities736507589   
Total current liabilities:60,31760,10265,42233,11922,28728,122
Noncurrent Liabilities
Long-term debt and lease obligation13,68014,44513,49414,4307,8798,273
Long-term debt, excluding current maturities13,68014,44513,49414,4307,8798,273
Liabilities, other than long-term debt5,2394,9985,4712,8792,2652,475
Deferred income tax liabilities3,7254,0334,4552,8792,2652,475
Operating lease, liability1,5149651,016   
Total noncurrent liabilities:18,91919,44318,96517,30810,14510,749
Total liabilities:79,23679,54484,38650,42832,43238,871
Equity
Equity, attributable to parent25,60028,37928,24136,68234,01234,598
Common stock222222
Treasury stock, value(0)(0)(0)(0)(0)(0)
Additional paid in capital60,43760,50860,50860,50859,46059,460
Accumulated deficit(34,838)(32,131)(32,269)(23,828)(25,450)(24,864)
Total equity:25,60028,37928,24136,68234,01234,598
TOTAL LIABILITIES AND EQUITY:104,836107,923112,62787,11066,44373,469

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

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q3
Revenues53,67360,04368,36651,17235,39342,659
Cost of revenue
(Cost of Goods and Services Sold)
(49,773)(54,056)(60,587)(44,754)(32,527)(37,351)
Gross profit:3,9015,9867,7796,4182,8665,308
Operating expenses(5,888)(5,316)(5,007)(3,821)(3,417)(3,633)
Operating income (loss):(1,987)6702,7722,597(551)1,676
Nonoperating income (expense)(537)(611)89(323)(235)(11)
Other nonoperating income (expense)(11)(81)190(175)(110)(153)
Interest and debt expense(575)(499)(439)(206)(145)(198)
Income (loss) from continuing operations before equity method investments, income taxes:(3,098)(441)2,4222,067(931)1,468
Other undisclosed income from continuing operations before income taxes575499439206145198
Income (loss) from continuing operations before income taxes:(2,524)592,8602,274(786)1,665
Income tax expense (benefit)65080(1,317)(651)200(494)
Income (loss) from continuing operations:(1,874)1381,5431,622(586)1,171
Income (loss) before gain (loss) on sale of properties:1,622(586)1,171
Net income (loss) available to common stockholders, diluted:(1,874)1381,5431,622(586)1,171

Comprehensive Income ($ in thousands)

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q3
Net income (loss):(1,874)1381,5431,622(586)1,171
Comprehensive income (loss), net of tax, attributable to parent:(1,874)1381,5431,622(586)1,171

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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