Horizon Global Corporation (HZN) financial statements (2022 and earlier)

Company profile

Business Address 47912 HALYARD DRIVE
PLYMOUTH, MI 48170
State of Incorp.
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,78017,35024,68024,56044,97039,81034,230
Cash and cash equivalents11,78017,35024,68024,56044,97039,81034,230
Restricted cash and investments5,4905,5005,5105,7005,7205,8405,770
Receivables80,72096,320116,240111,87087,420106,65086,500
Inventory, net of allowances, customer advances and progress billings162,830164,270144,360134,360115,320107,120116,220
Inventory162,830164,270144,360134,360115,320107,120116,220
Other undisclosed current assets12,34013,51012,10012,90011,5109,9108,870
Total current assets:273,160296,950302,890289,390264,940269,330251,590
Noncurrent Assets
Operating lease, right-of-use asset37,81038,29040,40041,48047,31047,38044,130
Property, plant and equipment71,61072,94073,52070,72074,09073,67073,260
Intangible assets, net (including goodwill)48,91052,87054,89059,09061,59059,63059,650
Goodwill   3,1003,3603,1203,200
Intangible assets, net (excluding goodwill)48,91052,87054,89055,99058,23056,51056,450
Deferred income tax assets1,7501,2201,2801,2301,280390490
Other noncurrent assets5,6806,0606,4106,2407,2807,6307,680
Total noncurrent assets:165,760171,380176,500178,760191,550188,700185,210
TOTAL ASSETS:438,920468,330479,390468,150456,490458,030436,800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities147,060164,610171,690177,320158,620157,060136,220
Accounts payable102,190111,270111,940113,87099,52097,17085,330
Accrued liabilities44,87053,34059,75063,45059,10059,89050,890
Debt3,7805,94011,99023,11014,12020,49020,330
Other undisclosed current liabilities11,01011,12011,130 12,180  
Total current liabilities:161,850181,670194,810200,430184,920177,550156,550
Noncurrent Liabilities
Long-term debt and lease obligation, including:333,000327,310323,450309,720298,300235,640239,960
Long-term debt, excluding current maturities297,070290,340284,040269,140251,960259,020265,290
Operating lease, liability35,93036,97039,41040,58046,34048,07046,610
Other undisclosed long-term debt and lease obligation     (71,450)(71,940)
Liabilities, other than long-term debt10,84014,28015,08016,18017,69018,86019,820
Deferred income tax liabilities1,9203,6504,0803,4603,1303,4004,040
Other liabilities8,92010,63011,00012,72014,56015,46015,780
Other undisclosed noncurrent liabilities(26,520)(29,000)(31,460)(33,920)(20,570)48,07046,610
Total noncurrent liabilities:317,320312,590307,070291,980295,420302,570306,390
Total liabilities:479,170494,260501,880492,410480,340480,120462,940
Stockholders' equity
Stockholders' equity attributable to parent(33,690)(19,800)(16,660)(18,760)(18,690)(17,340)(21,730)
Common stock270270270270260260250
Treasury stock, value(10,000)(10,000)(10,000)(10,000)(10,000)(10,000)(10,000)
Additional paid in capital170,990170,050169,070168,130166,610165,910164,550
Accumulated other comprehensive loss(9,710)(10,610)(8,960)(8,830)(6,540)(10,190)(12,090)
Accumulated deficit(210,250)(194,520)(192,050)(193,340)(178,530)(173,120)(175,050)
Warrants and rights outstanding25,01025,01025,01025,0109,5109,80010,610
Stockholders' equity attributable to noncontrolling interest(6,560)(6,130)(5,830)(5,500)(5,160)(4,750)(4,410)
Total stockholders' equity:(40,250)(25,930)(22,490)(24,260)(23,850)(22,090)(26,140)
TOTAL LIABILITIES AND EQUITY:438,920468,330479,390468,150456,490458,030436,800

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues164,270196,540222,120199,190175,860201,630120,490
Cost of revenue
(Cost of Goods and Services Sold)
(148,300)(157,780)(174,830)(158,630)(142,980)(158,260)(102,440)
Gross profit:15,97038,76047,29040,56032,88043,37018,050
Operating expenses(33,190)(32,430)(35,960)(33,780)(33,780)(34,810)(26,020)
Other undisclosed operating income    80  
Operating income (loss):(17,220)6,33011,3306,780(820)8,560(7,970)
Nonoperating income (expense)(6,590)(1,720)(1,990)(2,230)960690(450)
Foreign currency transaction loss, before tax(4,120)      
Other nonoperating income (expense)(2,470)(1,720)(1,990)2,230 (690)450
Interest and debt expense4,680(6,970)(6,980)(18,700)(7,710)(7,560)(8,220)
Income (loss) from continuing operations before income taxes:(19,130)(2,360)2,360(14,150)(7,570)1,690(16,640)
Income tax expense (benefit)2,970(410)(1,400)(1,000)1,750(100)(80)
Net income (loss):(16,160)(2,770)960(15,150)(5,820)1,590(16,720)
Net income attributable to noncontrolling interest430300330340410340380
Net income (loss) available to common stockholders, diluted:(15,730)(2,470)1,290(14,810)(5,410)1,930(16,340)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(16,160)(2,770)960(15,150)(5,820)1,590(16,720)
Other comprehensive income (loss)900(1,650)(130)(2,290)3,6501,9002,040
Comprehensive income (loss):(15,260)(4,420)830(17,440)(2,170)3,490(14,680)
Comprehensive income, net of tax, attributable to noncontrolling interest430300330340410340380
Comprehensive income (loss), net of tax, attributable to parent:(14,830)(4,120)1,160(17,100)(1,760)3,830(14,300)

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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