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)Annual | Quarterly
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 61,162 | 91,794 | 95,576 | 75,675 | ||
| Cash and cash equivalents | 60,162 | 85,180 | 80,961 | 75,675 | ||
| Short-term investments | 1,000 | 6,614 | 14,615 | |||
| Restricted cash and investments | 400 | |||||
| Receivables | 44,840 | 52,046 | 67,795 | 80,396 | ||
| Inventory, net of allowances, customer advances and progress billings | 62,717 | 80,001 | 95,052 | 104,056 | ||
| Inventory | 62,717 | 80,001 | 95,052 | 104,056 | ||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 14,815 | ||
| Other current assets | 15,523 | 21,271 | 21,490 | ✕ | ||
| Other undisclosed current assets | 9,147 | 10,234 | 7,999 | |||
| Total current assets: | 184,242 | 254,659 | 290,147 | 282,941 | ||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 35,583 | 48,937 | 58,402 | 59,368 | ||
| Long-term investments and receivables | 600 | 675 | 7,236 | |||
| Long-term investments | 600 | 675 | 7,236 | |||
| Intangible assets, net (including goodwill) | 2,680 | 14,327 | 60,686 | 64,404 | ||
| Goodwill | 7,363 | 48,896 | 49,218 | |||
| Intangible assets, net (excluding goodwill) | 2,680 | 6,964 | 11,790 | 15,186 | ||
| Other noncurrent assets | 1,382 | 1,065 | 1,260 | ✕ | ||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 861 | ||
| Other undisclosed noncurrent assets | 4,552 | 4,653 | 4,129 | 5,008 | ||
| Total noncurrent assets: | 44,197 | 69,582 | 125,152 | 136,877 | ||
| TOTAL ASSETS: | 228,439 | 324,241 | 415,299 | 419,818 | ||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 61,209 | 88,000 | 83,012 | 87,443 | ||
| Accounts payable | 34,117 | 39,918 | 40,702 | 42,483 | ||
| Accrued liabilities | 26,859 | 37,017 | 42,094 | 42,156 | ||
| Employee-related liabilities | 10,620 | |||||
| Taxes payable | 233 | 445 | 216 | 2,804 | ||
| Debt | 9 | 414 | 426 | 308 | ||
| Due to related parties | 2,525 | 2,744 | 2,860 | 4,100 | ||
| Deferred tax liabilities | 305 | |||||
| Customer advances and deposits | 2,600 | ✕ | ✕ | |||
| Other undisclosed current liabilities | (13,427) | (213) | ||||
| Total current liabilities: | 63,743 | 80,331 | 86,085 | 92,156 | ||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 215 | 713 | ||||
| Long-term debt, excluding current maturities | 215 | 713 | ||||
| Liabilities, other than long-term debt | 10,609 | 7,875 | 10,747 | 10,602 | ||
| Deferred compensation liability, classified | 700 | 800 | 700 | |||
| Deferred tax liabilities, net | 751 | 1,001 | 1,583 | 1,548 | ||
| Other liabilities | 9,858 | 6,174 | 8,364 | 8,354 | ||
| Other undisclosed noncurrent liabilities | (700) | (800) | (700) | |||
| Total noncurrent liabilities: | 10,609 | 7,175 | 10,162 | 10,615 | ||
| Total liabilities: | 74,352 | 87,506 | 96,247 | 102,771 | ||
| Stockholders' equity | ||||||
| Stockholders' equity attributable to parent, including: | 154,087 | 236,594 | 318,896 | 317,047 | ||
| Common stock | 20 | 20 | 20 | 20 | ||
| Treasury stock, value | (20,742) | (3,692) | (295) | (305) | ||
| Additional paid in capital | 322,144 | 320,820 | 320,345 | 319,667 | ||
| Deferred employee stock ownership plan, issuance of shares or sale of treasury shares | 13 | 13 | 13 | |||
| 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) | 88 | 88 | |||
| Stockholders' equity attributable to noncontrolling interest | 141 | 156 | ||||
| Total stockholders' equity: | 154,087 | 236,735 | 319,052 | 317,047 | ||
| TOTAL LIABILITIES AND EQUITY: | 228,439 | 324,241 | 415,299 | 419,818 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 263,397 | 339,128 | 399,841 | 393,947 | |
| Cost of revenue | (204,023) | (264,471) | (312,703) | (302,113) | |
| Gross profit: | 59,374 | 74,657 | 87,138 | 91,834 | |
| Operating expenses | (96,851) | (128,876) | (82,729) | (105,120) | |
| Operating income (loss): | (37,477) | (54,219) | 4,409 | (13,286) | |
| Nonoperating income (expense) | 283 | 2,931 | (474) | 440 | |
| Investment income, nonoperating | 424 | 980 | 1,062 | 932 | |
| 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 interest | 25 | (4) | 18 | ||
| Net loss available to common stockholders, diluted: | (47,135) | (53,416) | (460) | (15,632) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net loss: | (47,160) | (53,412) | (478) | (15,632) | |
| Other comprehensive income (loss) | (19,647) | (25,983) | 1,629 | 1,604 | |
| Comprehensive income (loss): | (66,807) | (79,395) | 1,151 | (14,028) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 26 | 15 | (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.