PARTS iD, Inc. (ID) Financial Statements (2024 and earlier)

Company Profile

Business Address 1308 RACE STREET, SUITE 200
CINCINNATI, OH 45202
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7311 - Advertising Agencies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,79623,20322,2035681,1801,752
Cash and cash equivalents3,79623,20322,2035681,1801,752
Receivables1,3312,1572,236   
Inventory, net of allowances, customer advances and progress billings2,5055,7554,856   
Inventory2,5055,7554,856   
Deferred costs 1,463     
Other undisclosed current assets2,3124,8755,8112653136
Total current assets:11,40735,99035,1065941,2331,888
Noncurrent Assets
Operating lease, right-of-use asset1,075   
Property, plant and equipment12,91613,70111,470   
Intangible assets, net (including goodwill)263263238   
Intangible assets, net (excluding goodwill)263263238   
Asset, held-in-trust    302,529304,035300,403
Deferred income tax assets  2,3151,100 
Other noncurrent assets  268268   
Other undisclosed noncurrent assets248     
Total noncurrent assets:14,50216,54613,076302,529304,035300,403
TOTAL ASSETS:25,90952,53648,182303,123305,268302,291
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42,19746,81341,1002,225607436
Taxes payable  8225155
Accounts payable36,40440,59235,63235817186
Accrued liabilities5,7936,2215,4691,85936595
Debt4,203 20   
Other liabilities2,2793,9313,593   
Due to related parties   1,958  
Other undisclosed current liabilities4,337 16,186   
Total current liabilities:53,01750,74460,8994,183607436
Noncurrent Liabilities
Liabilities, other than long-term debt387  10,50010,50010,500
Deferred compensation liability, classified    10,50010,50010,500
Operating lease, liability387   
Total noncurrent liabilities:387  10,50010,50010,500
Other undisclosed liabilities  15,498    
Total liabilities:53,40466,24260,89914,68311,10710,936
Temporary equity, carrying amount    283,440289,161286,355
Equity
Equity, attributable to parent, including:(27,495)(13,706)(12,717)5,0005,0005,000
Additional paid in capital11,1086,974 8472,2345,040
Retained earnings (accumulated deficit)(38,607)(20,683)(12,720)4,1522,765(41)
Other undisclosed equity, attributable to parent333111
Total equity:(27,495)(13,706)(12,717)5,0005,0005,000
TOTAL LIABILITIES AND EQUITY:25,90952,53648,182303,123305,268302,291

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues340,596448,669400,832   
Cost of revenue
(Cost of Goods and Services Sold)
(276,920)(358,439)(315,027)   
Gross profit:63,67690,23085,805   
Operating expenses(79,285)(99,366)(84,485)(3,775)(1,623)(154)
Other undisclosed operating income      17,387
Operating income (loss):(15,609)(9,136)1,321(3,775)(1,623)(154)
Interest and debt expense(240)(7)(8)   
Other undisclosed income from continuing operations before equity method investments, income taxes    6,482  
Income (loss) from continuing operations before equity method investments, income taxes:(15,849)(9,144)1,3122,707(1,623)(154)
Other undisclosed income from continuing operations before income taxes248   5,559403
Income (loss) from continuing operations before income taxes:(15,601)(9,144)1,3122,7073,936249
Income tax expense (benefit)(2,323)1,181802(1,320)(1,130)(130)
Income (loss) from continuing operations:(17,924)(7,963)2,1141,3872,806119
Income (loss) before gain (loss) on sale of properties:(7,963)2,1141,3872,806119
Net income (loss) attributable to parent:(17,924)(7,963)2,1141,3872,806119
Preferred stock dividends and other adjustments   (30,443)   
Other undisclosed net income available to common stockholders, basic   15,000   
Net income (loss) available to common stockholders, diluted:(17,924)(7,963)(13,329)1,3872,806119

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(17,924)(7,963)2,1141,3872,806119
Other comprehensive loss     (7) 
Comprehensive income (loss), net of tax, attributable to parent:(17,924)(7,963)2,1141,3872,799119

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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