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
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  5,6963,5364,0966
Cash and cash equivalents  5,6963,5364,0966
Receivables41,27949,56147,82858,18558,31861,851
Inventory, net of allowances, customer advances and progress billings68,47089,259106,018109,383114,069105,867
Inventory68,47089,259106,018109,383114,069105,867
Prepaid expense      1,508
Asset, held-for-sale, not part of disposal group 6,398     
Other current assets      768
Other undisclosed current assets2,0862,7602,8853,1571,833 
Total current assets:118,233141,580162,427174,261178,316170,000
Noncurrent Assets
Operating lease, right-of-use asset10,87912,26712,24412,96213,4819,872
Property, plant and equipment7,45815,35115,77415,39914,58913,890
Intangible assets, net (including goodwill)17,23932,51731,87432,24132,63532,949
Goodwill9,84922,35322,35322,35322,35322,353
Intangible assets, net (excluding goodwill)7,39010,1649,5219,88810,28210,596
Other noncurrent assets507484380506527464
Other undisclosed noncurrent assets3,3961,041900704600578
Total noncurrent assets:39,47961,66061,17261,81261,83257,753
TOTAL ASSETS:157,712203,240223,599236,073240,148227,753
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,58824,29725,14429,98337,11931,836
Taxes payable1,232     
Accounts payable5,8098,63610,21214,65113,85812,289
Accrued liabilities13,54715,66114,93215,33223,26119,547
Debt 1,662532    
Other undisclosed current liabilities4,0972,9672,8032,7832,7424,737
Total current liabilities:26,34727,79627,94732,76639,86136,573
Noncurrent Liabilities
Long-term debt and lease obligation31,31665,12984,48696,57294,68285,574
Long-term debt, excluding current maturities22,58055,28874,54085,92083,50077,903
Liabilities, other than long-term debt1,9702,2242,2272,2341,9771,658
Other liabilities1,9702,2242,2272,2341,9771,658
Operating lease, liability8,7369,8419,94610,65211,1827,671
Other undisclosed noncurrent liabilities6,1856,1856,185   
Total noncurrent liabilities:39,47173,53892,89898,80696,65987,232
Total liabilities:65,818101,334120,845131,572136,520123,805
Equity
Equity, attributable to parent91,894101,906102,754104,501103,628103,948
Common stock212121212121
Treasury stock, value(53,002)(57,209)(56,759)(56,967)(57,323)(59,351)
Additional paid in capital48,79552,82152,48452,27652,30453,996
Retained earnings96,080106,273107,008109,171108,626109,282
Total equity:91,894101,906102,754104,501103,628103,948
TOTAL LIABILITIES AND EQUITY:157,712203,240223,599236,073240,148227,753

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

3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues65,46070,24766,77783,53382,28785,403
Cost of revenue
(Cost of Goods and Services Sold)
(51,229)(55,257)(52,541)(63,941)(63,592)(65,972)
Gross profit:14,23114,99014,23619,59218,69519,431
Operating expenses(24,441)(15,509)(16,424)(18,006)(18,619)(19,518)
Operating income (loss):(10,210)(519)(2,188)1,58676(87)
Interest and debt expense(256)(344)(474)(813)(766)(812)
Income (loss) from continuing operations before income taxes:(10,466)(863)(2,662)773(690)(899)
Income tax expense (benefit)237128499(228)34178
Income (loss) from continuing operations:(10,229)(735)(2,163)545(656)(721)
Income (loss) before gain (loss) on sale of properties:(10,229)(735)(2,163)545(656)(721)
Net income (loss) available to common stockholders, diluted:(10,229)(735)(2,163)545(656)(721)

Comprehensive Income ($ in thousands)

3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income (loss):(10,229)(735)(2,163)545(656)(721)
Comprehensive income (loss), net of tax, attributable to parent:(10,229)(735)(2,163)545(656)(721)

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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