Hutchinson Technology Inc (HTCH) financial statements (2022 and earlier)

Company profile

Business Address 40 W HIGHLAND PARK
HUTCHINSON, MN 55350
State of Incorp. MN
Fiscal Year End September 30
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

6/30/2016
Q3
3/31/2016
Q2
12/31/2015
Q1
9/30/2015
Q4
6/30/2015
Q3
3/31/2015
Q2
12/31/2014
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,76147,94049,00340,41936,35243,56134,521
Cash and cash equivalents47,25547,43448,49739,45435,38742,59633,556
Short-term investments506506506965965965965
Restricted cash and investments   2,6423,00443,56145,594
Receivables13,1509,86013,19018,56723,30818,23229,409
Inventory, net of allowances, customer advances and progress billings32,58637,24237,88040,14843,96047,40250,028
Inventory32,58637,24237,88040,14843,96047,40250,028
Other current assets3,5353,2312,9343,5882,8224,2581,520
Other undisclosed current assets   (2,642)(3,004)(43,561)(965)
Total current assets:97,03298,273103,007102,722106,442113,453160,107
Noncurrent Assets
Property, plant and equipment117,280123,808129,335134,509145,306152,074151,370
Other noncurrent assets3,5083,6864,5294,2814,6024,7444,677
Total noncurrent assets:120,788127,494133,864138,790149,908156,818156,047
TOTAL ASSETS:217,820225,767236,871241,512256,350270,271316,154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,17025,81937,46836,34234,38339,62938,865
Accounts payable14,81815,20918,59319,87717,21417,24520,503
Accrued liabilities7,5607,4385,2884,2397,48112,8099,824
Employee-related liabilities1533879,8969,3889,6889,5758,538
Interest and dividends payable3,6392,7853,6912,838   
Debt86,49486,87412,7503,0006,0003,000(41,971)
Customer advances and deposits     15,000 
Other undisclosed current liabilities10,93311,6812,1812,1882,434(12,530)86,172
Total current liabilities:123,597124,37452,39941,53042,81745,09983,066
Noncurrent Liabilities
Long-term debt and lease obligation, including:37,50037,500112,010122,156122,565122,983123,403
Long-term debt, excluding current maturities40,52840,671114,599124,887126,481126,701126,444
Capital lease obligations2,7933,2763,7884,2205,1065,2944,511
Other undisclosed long-term debt and lease obligation(5,821)(6,447)(6,377)(6,951)(9,022)(9,012)(7,552)
Liabilities, other than long-term debt   1,649   
Deferred revenue and credits   1,649   
Total noncurrent liabilities:37,50037,500112,010123,805122,565122,983123,403
Total liabilities:161,097161,874164,409165,335165,382168,082206,469
Stockholders' equity
Stockholders' equity attributable to parent50,90257,44666,08570,87581,94693,177102,133
Common stock339339339335335335322
Additional paid in capital453,161452,830452,528452,165451,767451,388450,995
Accumulated other comprehensive loss(3,510)(3,482)(4,169)(4,309)(2,176)(726)(1,068)
Accumulated deficit(399,088)(392,241)(382,613)(377,316)(367,980)(357,820)(348,116)
Total stockholders' equity:50,90257,44666,08570,87581,94693,177102,133
Other undisclosed liabilities and equity5,8216,4476,3775,3029,0229,0127,552
TOTAL LIABILITIES AND EQUITY:217,820225,767236,871241,512256,350270,271316,154

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

6/30/2016
Q3
3/31/2016
Q2
12/31/2015
Q1
9/30/2015
Q4
6/30/2015
Q3
3/31/2015
Q2
12/31/2014
Q1
Revenues
(Revenue, Net)
53,19654,16063,92763,36654,67562,35972,423
Cost of revenue
(Cost of Goods and Services Sold)
(46,062)(48,448)(52,206)(55,889)(49,846)(56,097)(60,959)
Gross profit:7,1345,71211,7217,4774,8296,26211,464
Operating expenses(10,745)(12,948)(14,501)(11,338)(10,891)(12,945)(12,190)
Other undisclosed operating income      5
Operating loss:(3,611)(7,236)(2,780)(3,861)(6,062)(6,683)(721)
Nonoperating income (expense)50957163(6,181)(997)282(551)
Investment income, nonoperating202012 7154
Other nonoperating income (expense)30937151 (1,004)267(555)
Interest and debt expense(3,303)(3,359)(3,283)(3,219)(3,086)(3,270)(8,771)
Other undisclosed income from continuing operations before equity method investments, income taxes   3,949   
Loss from continuing operations before income taxes:(6,864)(9,638)(5,900)(9,312)(10,145)(9,671)(10,043)
Income tax expense (benefit)1710603(24)(15)(32)145
Net loss available to common stockholders, diluted:(6,847)(9,628)(5,297)(9,336)(10,160)(9,703)(9,898)

Comprehensive Income ($ in thousands)

6/30/2016
Q3
3/31/2016
Q2
12/31/2015
Q1
9/30/2015
Q4
6/30/2015
Q3
3/31/2015
Q2
12/31/2014
Q1
Net loss:(6,847)(9,628)(5,297)(9,336)(10,160)(9,703)(9,898)
Other comprehensive income (loss)686686140(2,133)(1,451)342(525)
Comprehensive loss, net of tax, attributable to parent:(6,161)(8,942)(5,157)(11,469)(11,611)(9,361)(10,423)

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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