International Textile Group Inc (ITXN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
804 GREEN VALLEY ROAD GREENSBORO, NC 27408 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 22 - Textile Mill Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2016 MRQ | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 12,314 | 9,466 | 3,780 | 3,240 | |||
| Cash and cash equivalents | 12,314 | 9,466 | 3,780 | 3,240 | |||
| Receivables | 69,611 | 72,938 | 81,166 | 77,609 | |||
| Inventory, net of allowances, customer advances and progress billings | 99,157 | 93,940 | 102,515 | 109,604 | |||
| Inventory | 99,157 | 93,940 | 102,515 | 109,604 | |||
| Prepaid expense | 2,224 | 3,176 | 3,714 | ✕ | |||
| Other current assets | 1,011 | 708 | 881 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 3,675 | ||
| Assets held-for-sale | ✕ | ✕ | ✕ | 29 | |||
| Other undisclosed current assets | 2,999 | 2,240 | 2,040 | ||||
| Total current assets: | 184,317 | 183,227 | 194,296 | 196,197 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 106,646 | 104,277 | 105,451 | 140,952 | |||
| Long-term investments and receivables | 18 | ||||||
| Long-term investments | 18 | ||||||
| Intangible assets, net (including goodwill) | 3,792 | 4,308 | 4,416 | 4,852 | |||
| Goodwill | 2,740 | 2,740 | 2,740 | 2,740 | |||
| Intangible assets, net (excluding goodwill) | 1,052 | 1,568 | 1,676 | 2,112 | |||
| Regulated entity, other noncurrent assets | 281 | ||||||
| Other noncurrent assets | 7,599 | 3,990 | 4,371 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 1,623 | ||
| Other undisclosed noncurrent assets | 6,768 | 6,279 | 8,792 | 2,233 | |||
| Total noncurrent assets: | 125,086 | 118,854 | 123,030 | 149,678 | |||
| TOTAL ASSETS: | 309,403 | 302,081 | 317,326 | 345,875 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 69,192 | 78,708 | 76,322 | 90,980 | |||
| Interest and dividends payable | 1,285 | ||||||
| Taxes payable | 7,161 | 1,551 | 7,571 | ||||
| Employee-related liabilities | 7,708 | 6,695 | 4,748 | ||||
| Accounts payable | 45,389 | 40,318 | 47,748 | 46,051 | |||
| Accrued liabilities | 23,803 | 22,236 | 20,328 | 32,610 | |||
| Debt | 39,211 | 56,001 | 57,069 | 92,235 | |||
| Liability for uncertainty in income taxes | 2,200 | 500 | 7,800 | ||||
| Deferred tax liabilities | 4,624 | ||||||
| Other undisclosed current liabilities | 1,010 | (17,622) | (7,195) | (12,548) | |||
| Total current liabilities: | 109,413 | 119,287 | 126,696 | 183,091 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation, including: | 222,135 | 251,079 | 101,049 | ||||
| Long-term debt, excluding current maturities | 222,135 | 251,079 | 246,100 | ||||
| Other undisclosed long-term debt and lease obligation | (145,051) | ||||||
| Liabilities, other than long-term debt | 20,104 | 27,990 | 27,088 | 29,531 | |||
| Accounts payable and accrued liabilities | 2,248 | 3,114 | |||||
| Accrued income taxes | ✕ | ✕ | ✕ | 3,823 | 1,806 | ||
| Deferred tax liabilities, net | 695 | 3,287 | 2,584 | 2,534 | |||
| Liability, pension and other postretirement and postemployment benefits | 1,000 | ✕ | ✕ | ||||
| Other liabilities | 17,161 | 20,589 | 20,681 | 25,191 | |||
| Other undisclosed noncurrent liabilities | 229,951 | (1,000) | 145,051 | ||||
| Total noncurrent liabilities: | 250,055 | 249,125 | 278,167 | 275,631 | |||
| Total liabilities: | 359,468 | 368,412 | 404,863 | 458,722 | |||
| Equity | |||||||
| Equity, attributable to parent, including: | (50,065) | (66,331) | (87,537) | (112,889) | |||
| Common stock | 175 | 175 | 175 | ||||
| Treasury stock, value | (411) | (411) | (411) | ||||
| Additional paid in capital | 21,944 | 21,944 | 33,710 | ||||
| Accumulated other comprehensive loss | (7,557) | (6,758) | (5,628) | (7,706) | |||
| Accumulated deficit | (257,526) | (274,591) | (567,312) | ||||
| Other undisclosed equity, attributable to parent | 193,310 | 193,310 | (81,909) | 428,655 | |||
| Equity, attributable to noncontrolling interest | 42 | ||||||
| Total equity: | (50,065) | (66,331) | (87,537) | (112,847) | |||
| TOTAL LIABILITIES AND EQUITY: | 309,403 | 302,081 | 317,326 | 345,875 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues | 610,407 | 599,054 | 624,212 | 619,075 | ||
| Revenue, net | 610,407 | 595,446 | 624,212 | 619,075 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (522,793) | (524,096) | (549,911) | (564,315) | ||
| Other undisclosed gross profit | (3,608) | |||||
| Gross profit: | 87,614 | 71,350 | 74,301 | 54,760 | ||
| Operating expenses | (48,690) | (50,935) | (60,751) | (60,107) | ||
| Other operating income (expense), net | 14,016 | (9,487) | (6,243) | |||
| Other undisclosed operating income (loss) | 3,976 | (8,611) | 27,312 | 28,915 | ||
| Operating income: | 42,900 | 25,820 | 31,375 | 17,325 | ||
| Nonoperating expense | (24,575) | (14,773) | (40,354) | (52,103) | ||
| Investment income, nonoperating | 9,421 | 99 | 6,000 | |||
| Other nonoperating income (expense) | 2,541 | 13,776 | (9,584) | (6,327) | ||
| Interest and debt expense | (6,881) | (10,729) | (12,398) | (18,886) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 6,881 | 10,729 | 12,398 | 18,886 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 18,325 | 11,047 | (8,979) | (34,778) | ||
| Income (loss) from equity method investments | (105) | (109) | 124 | (595) | ||
| Income (loss) from continuing operations before income taxes: | 18,220 | 10,938 | (8,855) | (35,373) | ||
| Income tax expense (benefit) | (1,089) | (3,486) | 10,375 | (4,060) | ||
| Income (loss) from continuing operations: | 17,131 | 7,452 | 1,520 | (39,433) | ||
| Income (loss) before gain (loss) on sale of properties: | 17,065 | 893 | 23,291 | (67,339) | ||
| Income (loss) from discontinued operations | (66) | (6,559) | 21,771 | (27,906) | ||
| Other undisclosed net loss | (501) | |||||
| Net income (loss): | 17,065 | 392 | 23,291 | (67,339) | ||
| Net income attributable to noncontrolling interest | 2,666 | |||||
| Net income (loss) attributable to parent: | 17,065 | 392 | 23,291 | (64,673) | ||
| Preferred stock dividends and other adjustments | (17,079) | (15,792) | (34,202) | |||
| Other undisclosed net loss available to common stockholders, basic | (26,778) | |||||
| Net loss available to common stockholders, diluted: | (14) | (15,400) | (10,911) | (91,451) | ||
Comprehensive Income ($ in thousands)
| 6/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | 17,065 | 392 | 23,291 | (67,339) | ||
| Other comprehensive income (loss) | (799) | (1,130) | 2,078 | |||
| Other undisclosed comprehensive loss | (481) | |||||
| Comprehensive income (loss): | 16,266 | (738) | 25,369 | (67,820) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2,666) | |||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 5,332 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 16,266 | (738) | 25,369 | (65,154) | ||
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.