Furmanite Corp (FRM) financial statements (2022 and earlier)

Company profile

Business Address 10370 RICHMOND AVENUE
HOUSTON, TX 77042
State of Incorp. DE
Fiscal Year End December 31
SIC 17 - Construction Special Trade Contractors (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,13039,16929,09233,75342,29637,77729,807
Cash and cash equivalents47,13039,16929,09233,75342,29637,77729,807
Receivables98,427121,118113,835110,219105,649116,727106,892
Inventory, net of allowances, customer advances and progress billings   37,383 37,64039,450
Inventory   37,383 37,64039,450
Disposal group, including discontinued operation2,615      
Deferred tax assets6,4677,3717,3307,300   
Other undisclosed current assets53,67250,77052,30414,03559,34319,51521,542
Total current assets:208,311218,428202,561202,690207,288211,659197,691
Noncurrent Assets
Property, plant and equipment49,74850,27750,42451,93052,80254,33554,810
Intangible assets, net (including goodwill)15,64815,89715,89724,36015,64815,52415,524
Goodwill15,64815,89715,89715,89715,64815,52415,524
Intangible assets, net (excluding goodwill)   8,463   
Disposal group, including discontinued operation, noncurrent assets10      
Other noncurrent assets7,6139,0069,5709,99010,94011,74912,584
Deferred tax assets, net3,1143,2793,3713,700   
Other undisclosed noncurrent assets   (8,499)3,6614,2214,241
Total noncurrent assets:76,13378,45979,26281,48183,05185,82987,159
TOTAL ASSETS:284,444296,887281,823284,171290,339297,488284,850
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities64,45889,69980,36680,40890,67999,31986,189
Accounts payable16,70420,23519,51318,87320,34323,18723,649
Accrued liabilities27,53237,89533,54833,60939,78442,21034,935
Employee-related liabilities17,04527,61223,35923,07325,46728,97523,600
Taxes payable3,0653,8393,6024,4854,7634,9474,005
Interest and dividends payable112118344368322  
Debt91934,5522,4422,4021,6681,666
Derivative instruments and hedges, liabilities309      
Disposal group, including discontinued operation3,933      
Customer advances and deposits7397336556512,966  
Other undisclosed current liabilities(21,096)(31,750)(27,226)(27,434)(32,280)(32,494)(26,557)
Total current liabilities:48,43458,77558,34756,06763,76768,49361,298
Noncurrent Liabilities
Long-term debt and lease obligation68,89168,89159,89161,85361,99062,72862,732
Long-term debt, excluding current maturities68,89168,89159,89161,85361,99062,72862,732
Liabilities, other than long-term debt22,16322,31822,69627,68724,00625,32625,518
Pension and other postretirement defined benefit plans, liabilities17,39517,506
Deferred tax liabilities, net   3,900   
Liability, pension and other postretirement and postemployment benefits14,68615,54515,77217,11515,983  
Other liabilities7,4776,7736,9246,6728,0237,9318,012
Other undisclosed noncurrent liabilities   (3,900)   
Total noncurrent liabilities:91,05491,20982,58785,64085,99688,05488,250
Total liabilities:139,488149,984140,934141,707149,763156,547149,548
Stockholders' equity
Stockholders' equity attributable to parent144,956146,903140,889142,464140,576140,941135,302
Common stock4,8514,8504,8384,8344,8264,8214,818
Treasury stock, value(18,013)(18,013)(18,013)(18,013)(18,013)(18,013)(18,013)
Additional paid in capital140,633140,419139,725139,312137,548136,575136,080
Accumulated other comprehensive loss(24,147)(21,825)(23,758)(21,453)(16,799)(14,394)(15,028)
Retained earnings41,63241,47238,09737,78433,01431,95227,445
Total stockholders' equity:144,956146,903140,889142,464140,576140,941135,302
TOTAL LIABILITIES AND EQUITY:284,444296,887281,823284,171290,339297,488284,850

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

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Revenues
(Revenue, Net)
97,408129,629122,338133,885124,129146,242124,941
Cost of revenue(73,479)(98,910)(96,833)(100,345)(97,424)(112,160)(97,694)
Cost of goods and services sold(71,774)(95,741)(93,870)(99,499)(94,256)(109,172)(94,702)
Gross profit:23,92930,71925,50533,54026,70534,08227,247
Operating expenses(20,793)(24,396)(23,175)(25,954)(24,426)(25,778)(24,729)
Operating income:3,1366,3232,3307,5862,2798,3042,518
Nonoperating income (expense)(224)(555)(523)340172(439)(165)
Investment income, nonoperating(370)      
Other nonoperating income (expense)146(555)(523)340172(439)(165)
Interest and debt expense(345)(356)(632)(449)(468)(445)(449)
Other undisclosed income from continuing operations before equity method investments, income taxes370      
Income from continuing operations before income taxes:2,9375,4121,1757,4771,9837,4201,904
Income tax expense(1,418)(2,037)(862)(2,707)(921)(2,913)(888)
Income from continuing operations:1,5193,3753134,7701,0624,5071,016
Loss from discontinued operations(1,359)      
Net income available to common stockholders, diluted:1603,3753134,7701,0624,5071,016

Comprehensive Income ($ in thousands)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Net income:1603,3753134,7701,0624,5071,016
Other comprehensive income (loss)(2,322)1,933(2,305)(4,654)(2,405)634584
Comprehensive income (loss), net of tax, attributable to parent:(2,162)5,308(1,992)116(1,343)5,1411,600

Statements sources

The financial statements are based on the company's filings with the 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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