Fuel Systems Solutions Inc (FSYS) Financial Statements (2023 and earlier)

Company Profile

Business Address 780 THIRD AVENUE
NEW YORK, NY 10017
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments61,16291,79495,57675,675
Cash and cash equivalents60,16285,18080,96175,675
Short-term investments1,0006,61414,615 
Restricted cash and investments 400  
Inventory, net of allowances, customer advances and progress billings62,71780,00195,052104,056
Prepaid expense and other current assets14,815
Other current assets15,52321,27121,490
Other undisclosed current assets 9,14710,2347,999
Total current assets:184,242254,659290,147282,941
Noncurrent Assets
Property, plant and equipment35,58348,93758,40259,368
Long-term investments and receivables 6006757,236
Long-term investments 6006757,236
Intangible assets, net (including goodwill)2,68014,32760,68664,404
Goodwill 7,36348,89649,218
Intangible assets, net (excluding goodwill)2,6806,96411,79015,186
Other noncurrent assets1,3821,0651,260
Prepaid expense and other noncurrent assets861
Other undisclosed noncurrent assets4,5524,6534,1295,008
Total noncurrent assets:44,19769,582125,152136,877
TOTAL ASSETS:228,439324,241415,299419,818
Current Liabilities
Accounts payable and accrued liabilities61,20988,00083,01287,443
Accounts payable34,11739,91840,70242,483
Accrued liabilities26,85937,01742,09442,156
Employee-related liabilities 10,620  
Taxes payable2334452162,804
Due to related parties2,5252,7442,8604,100
Deferred tax liabilities   305
Customer advances and deposits 2,600
Other undisclosed current liabilities (13,427)(213) 
Total current liabilities:63,74380,33186,08592,156
Noncurrent Liabilities
Long-term debt and lease obligation  215713
Long-term debt, excluding current maturities  215713
Liabilities, other than long-term debt10,6097,87510,74710,602
Deferred compensation liability, classified 700800700
Deferred tax liabilities, net7511,0011,5831,548
Other liabilities9,8586,1748,3648,354
Other undisclosed noncurrent liabilities (700)(800)(700)
Total noncurrent liabilities:10,6097,17510,16210,615
Total liabilities:74,35287,50696,247102,771
Stockholders' equity
Stockholders' equity attributable to parent, including:154,087236,594318,896317,047
Common stock20202020
Treasury stock, value(20,742)(3,692)(295)(305)
Additional paid in capital322,144320,820320,345319,667
Deferred employee stock ownership plan, issuance of shares or sale of treasury shares 131313
Deferred compensation equity  (100)(100)
Accumulated other comprehensive loss(46,049)(26,403)(439)(2,060)
Accumulated deficit(101,286)(54,151)(735)(275)
Other undisclosed stockholders' equity attributable to parent (13)8888
Stockholders' equity attributable to noncontrolling interest 141156 
Total stockholders' equity:154,087236,735319,052317,047
TOTAL LIABILITIES AND EQUITY:228,439324,241415,299419,818

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

Cost of revenue(204,023)(264,471)(312,703)(302,113)
Gross profit:59,37474,65787,13891,834
Operating expenses(96,851)(128,876)(82,729)(105,120)
Operating income (loss):(37,477)(54,219)4,409(13,286)
Nonoperating income (expense)2832,931(474)440
Investment income, nonoperating4249801,062932
Foreign currency transaction gain, before tax 685  
Other nonoperating income (expense)(141)1,266(1,536)(492)
Interest and debt expense(445)(829)(847)(603)
Other undisclosed loss from continuing operations before equity method investments, income taxes (685)  
Income (loss) from continuing operations before income taxes:(37,639)(52,802)3,088(13,449)
Income tax expense(9,521)(610)(3,566)(2,183)
Net loss:(47,160)(53,412)(478)(15,632)
Net income (loss) attributable to noncontrolling interest25(4)18 
Net loss available to common stockholders, diluted:(47,135)(53,416)(460)(15,632)

Comprehensive Income ($ in thousands)

Net loss:(47,160)(53,412)(478)(15,632)
Other comprehensive income (loss)(19,647)(25,983)1,6291,604
Comprehensive income (loss):(66,807)(79,395)1,151(14,028)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2615(18) 
Other undisclosed comprehensive income, net of tax, attributable to parent  28 
Comprehensive income (loss), net of tax, attributable to parent:(66,781)(79,380)1,161(14,028)

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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