Hillman Solutions Corp. (HLMN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1280 KEMPER MEADOW DR. CINCINNATI, OH 45240 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 342 - Cutlery, Handtools, And General Hardware (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 39 | 31 | 15 | 1 | |||
| Cash and cash equivalents | 39 | 31 | 15 | 1 | |||
| Receivables | 103 | 87 | 107 | ||||
| Inventory, net of allowances, customer advances and progress billings | 383 | 489 | 534 | ||||
| Inventory | 383 | 489 | 534 | ||||
| Prepaid expense | 0 | ||||||
| Other current assets | 23 | 24 | 13 | ||||
| Total current assets: | 548 | 632 | 668 | 1 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 87 | 67 | 82 | ||||
| Property, plant and equipment | 201 | 190 | 174 | ||||
| Intangible assets, net (including goodwill) | 1,480 | 1,558 | 1,620 | ||||
| Goodwill | 825 | 824 | 825 | ||||
| Intangible assets, net (excluding goodwill) | 655 | 734 | 795 | ||||
| Asset, held-in-trust | 500 | ||||||
| Deferred income tax assets | 1 | ||||||
| Other noncurrent assets | 15 | 24 | 17 | ||||
| Total noncurrent assets: | 1,783 | 1,839 | 1,895 | 500 | |||
| TOTAL ASSETS: | 2,331 | 2,471 | 2,563 | 501 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 199 | 193 | 253 | 0 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 2 | |||
| Taxes payable | ✕ | ✕ | ✕ | 5 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 9 | |||
| Accounts payable | 140 | 132 | 186 | ||||
| Accrued liabilities | 58 | 61 | 52 | ||||
| Other undisclosed accounts payable and accrued liabilities | 0 | ||||||
| Debt | 10 | 11 | 11 | ||||
| Other undisclosed current liabilities | 14 | 12 | 13 | ||||
| Total current liabilities: | 223 | 215 | 277 | 0 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation, including: | 732 | 885 | 907 | ||||
| Long-term debt, excluding current maturities | 732 | 885 | 907 | ||||
| Finance lease, liability | 5 | 3 | 1 | ||||
| Other undisclosed long-term debt and lease obligation | (5) | (3) | (75) | ||||
| Liabilities, other than long-term debt | 222 | 214 | 155 | ||||
| Deferred income tax liabilities | 132 | 140 | 138 | ||||
| Other liabilities | 10 | 12 | 17 | ||||
| Operating lease, liability | 80 | 61 | 74 | ||||
| Other undisclosed noncurrent liabilities | 74 | 73 | |||||
| Total noncurrent liabilities: | 953 | 1,099 | 1,136 | 73 | |||
| Total liabilities: | 1,177 | 1,314 | 1,413 | 73 | |||
| Temporary equity, carrying amount | 423 | ||||||
| Equity | |||||||
| Equity, attributable to parent, including: | 1,155 | 1,157 | 1,150 | 5 | |||
| Common stock | |||||||
| Additional paid in capital | 1,419 | 1,404 | 1,387 | 34 | |||
| Accumulated other comprehensive loss | (28) | (21) | (27) | ||||
| Accumulated deficit | (236) | (227) | (210) | (29) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 0 | 0 | |||
| Total equity: | 1,155 | 1,157 | 1,150 | 5 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,331 | 2,471 | 2,563 | 501 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 1,476 | 1,486 | 1,426 | |||
| Cost of revenue (Cost of Goods and Services Sold) | (829) | (847) | (860) | |||
| Gross profit: | 648 | 640 | 566 | |||
| Operating expenses | (514) | (543) | (499) | (1) | ||
| Other operating income (expense), net | (13) | 1 | 3 | |||
| Other undisclosed operating loss | (59) | (58) | (60) | |||
| Operating income (loss): | 61 | 40 | 10 | (1) | ||
| Nonoperating income (expense) | 2 | (28) | ||||
| Investment income, nonoperating | 2 | |||||
| Other nonoperating expense | (28) | |||||
| Interest and debt expense | (0) | (0) | (16) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 61 | 40 | (4) | (29) | ||
| Other undisclosed loss from continuing operations before income taxes | (68) | (54) | (47) | |||
| Income (loss) from continuing operations before income taxes: | (7) | (15) | (50) | (29) | ||
| Income tax expense (benefit) | (2) | (2) | 12 | |||
| Loss from continuing operations: | (10) | (16) | (38) | (29) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (38) | (29) | |
| Net loss attributable to parent: | (10) | (16) | (38) | (29) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | |||||
| Net loss available to common stockholders, diluted: | (10) | (16) | (38) | (29) | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net loss: | (10) | (16) | (38) | (29) | ||
| Other comprehensive income (loss) | (7) | 6 | 2 | |||
| Comprehensive loss, net of tax, attributable to parent: | (16) | (10) | (36) | (29) | ||
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.