Fuel Systems Solutions Inc (FSYS) Financial Statements (2024 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 investments 61,16291,79495,57675,675
Cash and cash equivalents 60,16285,18080,96175,675
Short-term investments 1,0006,61414,615 
Restricted cash and investments  400  
Receivables 44,84052,04667,79580,396
Inventory, net of allowances, customer advances and progress billings 62,71780,00195,052104,056
Inventory 62,71780,00195,052104,056
Other current assets 15,52321,27121,490
Prepaid expense and other current assets14,815
Other undisclosed current assets  9,14710,2347,999
Total current assets: 184,242254,659290,147282,941
Noncurrent Assets
Property, plant and equipment 35,58348,93758,40259,368
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 assets 1,3821,0651,260
Prepaid expense and other noncurrent assets861
Other undisclosed noncurrent assets 4,5524,6534,1295,008
Total noncurrent assets: 44,19769,582125,152136,877
TOTAL ASSETS: 228,439324,241415,299419,818
Current Liabilities
Accounts payable and accrued liabilities 61,20988,00083,01287,443
Taxes payable 2334452162,804
Employee-related liabilities  10,620  
Accounts payable 34,11739,91840,70242,483
Accrued liabilities 26,85937,01742,09442,156
Debt 9414426308
Deferred tax liabilities    305
Due to related parties 2,5252,7442,8604,100
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 debt 10,6097,87510,74710,602
Deferred compensation liability, classified  700800700
Deferred tax liabilities, net 7511,0011,5831,548
Other liabilities 9,8586,1748,3648,354
Other undisclosed noncurrent liabilities  (700)(800)(700)
Total noncurrent liabilities: 10,6097,17510,16210,615
Total liabilities: 74,35287,50696,247102,771
Equity, attributable to parent, including: 154,087236,594318,896317,047
Common stock 20202020
Treasury stock, value (20,742)(3,692)(295)(305)
Additional paid in capital 322,144320,820320,345319,667
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 equity, attributable to parent  (13)8888
Equity, attributable to noncontrolling interest  141156 
Total equity: 154,087236,735319,052317,047
TOTAL LIABILITIES AND EQUITY: 228,439324,241415,299419,818

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

Revenues 263,397339,128399,841393,947
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, nonoperating 4249801,062932
Gain, foreign currency transaction, 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)
Loss from continuing operations: (47,160)(53,412)(478)(15,632)
Loss before gain (loss) on sale of properties: (47,160)(53,412)(478)(15,632)
Net loss: (47,160)(53,412)(478)(15,632)
Net income (loss) attributable to noncontrolling interest 25(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 interest 2615(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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