Houston Wire & Cable Company (HWCC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
10201 NORTH LOOP EAST HOUSTON, TX 77029 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5063 - Electrical Apparatus and Equipment Wiring Supplies, and Construction Materials (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,096 | 1,393 | |||||||
| Cash and cash equivalents | 4,096 | 1,393 | |||||||
| Receivables | 41,279 | 58,318 | 60,228 | 57,845 | 46,625 | 47,182 | |||
| Inventory, net of allowances, customer advances and progress billings | 68,470 | 114,069 | 94,325 | 88,115 | 79,783 | 75,777 | |||
| Inventory | 68,470 | 114,069 | 94,325 | 88,115 | 79,783 | 75,777 | |||
| Prepaid expense | 737 | 1,938 | 570 | 648 | |||||
| Asset, held-for-sale, not part of disposal group | 6,398 | ||||||||
| Deferred tax assets | ✕ | ✕ | ✕ | 3,074 | |||||
| Other undisclosed current assets | 2,086 | 1,833 | |||||||
| Total current assets: | 118,233 | 178,316 | 156,683 | 147,898 | 126,978 | 126,681 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 10,879 | 13,481 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 7,458 | 14,589 | 11,456 | 11,355 | 11,261 | 10,899 | |||
| Intangible assets, net (including goodwill) | 17,239 | 32,635 | 33,532 | 34,368 | 36,148 | 20,850 | |||
| Goodwill | 9,849 | 22,353 | 22,353 | 22,353 | 22,770 | 14,866 | |||
| Intangible assets, net (excluding goodwill) | 7,390 | 10,282 | 11,179 | 12,015 | 13,378 | 5,984 | |||
| Other noncurrent assets | 507 | 527 | 456 | 418 | 591 | 419 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 892 | 264 | ||||
| Other undisclosed noncurrent assets | 3,396 | 600 | 930 | ||||||
| Total noncurrent assets: | 39,479 | 61,832 | 46,374 | 46,141 | 48,892 | 32,432 | |||
| TOTAL ASSETS: | 157,712 | 240,148 | 203,057 | 194,039 | 175,870 | 159,113 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 20,588 | 37,119 | 30,485 | 25,272 | 21,654 | 15,948 | |||
| Taxes payable | 1,232 | ||||||||
| Accounts payable | 5,809 | 13,858 | 11,253 | 8,449 | 8,406 | 6,380 | |||
| Accrued liabilities | 13,547 | 23,261 | 19,232 | 16,823 | 13,248 | 9,568 | |||
| Debt | 1,662 | 3,028 | 3,181 | 3,701 | |||||
| Other undisclosed current liabilities | 4,097 | 2,742 | |||||||
| Total current liabilities: | 26,347 | 39,861 | 30,485 | 28,300 | 24,835 | 19,649 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 31,316 | 94,682 | 71,316 | 73,555 | 60,388 | 39,188 | |||
| Long-term debt, excluding current maturities | 22,580 | 83,500 | 71,316 | 73,555 | 60,388 | 39,188 | |||
| Liabilities, other than long-term debt | 1,970 | 1,977 | 578 | 1,126 | 516 | 275 | |||
| Regulatory liability | 100 | ||||||||
| Other liabilities | 1,970 | 1,977 | 578 | 1,026 | 516 | 275 | |||
| Operating lease, liability | 8,736 | 11,182 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 6,185 | 314 | |||||||
| Total noncurrent liabilities: | 39,471 | 96,659 | 71,894 | 74,995 | 60,904 | 39,463 | |||
| Total liabilities: | 65,818 | 136,520 | 102,379 | 103,295 | 85,739 | 59,112 | |||
| Equity | |||||||||
| Equity, attributable to parent | 91,894 | 103,628 | 100,678 | 90,744 | 90,131 | 100,001 | |||
| Common stock | 21 | 21 | 21 | 21 | 21 | 21 | |||
| Treasury stock, value | (53,002) | (57,323) | (58,832) | (60,619) | (61,264) | (60,689) | |||
| Additional paid in capital | 48,795 | 52,304 | 53,514 | 54,006 | 53,824 | 54,621 | |||
| Retained earnings | 96,080 | 108,626 | 105,975 | 97,336 | 97,550 | 106,048 | |||
| Total equity: | 91,894 | 103,628 | 100,678 | 90,744 | 90,131 | 100,001 | |||
| TOTAL LIABILITIES AND EQUITY: | 157,712 | 240,148 | 203,057 | 194,039 | 175,870 | 159,113 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 286,017 | 338,286 | 356,858 | 317,697 | 261,644 | 308,133 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 317,697 | 261,644 | 308,133 | |
| Cost of revenue (Cost of Goods and Services Sold) | (222,968) | (258,364) | (271,650) | (245,035) | (208,694) | (242,223) | ||
| Gross profit: | 63,049 | 79,922 | 85,208 | 72,662 | 52,950 | 65,910 | ||
| Operating expenses | (74,380) | (73,040) | (71,310) | (68,058) | (59,485) | (59,892) | ||
| Operating income (loss): | (11,331) | 6,882 | 13,898 | 4,604 | (6,535) | 6,018 | ||
| Interest and debt expense | (1,887) | (3,057) | (2,907) | (2,073) | (845) | (901) | ||
| Income (loss) from continuing operations before income taxes: | (13,218) | 3,825 | 10,991 | 2,531 | (7,380) | 5,117 | ||
| Income tax expense (benefit) | 636 | (1,275) | (2,355) | (2,753) | 1,374 | (3,073) | ||
| Income (loss) from continuing operations: | (12,582) | 2,550 | 8,636 | (222) | (6,006) | 2,044 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (12,582) | 2,550 | 8,636 | (222) | (6,006) | 2,044 | |
| Net income (loss) available to common stockholders, diluted: | (12,582) | 2,550 | 8,636 | (222) | (6,006) | 2,044 | ||
Comprehensive Income ($ in thousands)
| 3/31/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (12,582) | 2,550 | 8,636 | (222) | (6,006) | 2,044 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (12,582) | 2,550 | 8,636 | (222) | (6,006) | 2,044 | ||
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.