International Textile Group Inc (ITXN) financial statements (2022 and earlier)

Company profile

Business Address 804 GREEN VALLEY ROAD
GREENSBORO, NC 27408
State of Incorp. DE
Fiscal Year End December 31
SIC 22 - Textile Mill Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,9707,74312,3146,2639,8269,9429,466
Cash and cash equivalents9,9707,74312,3146,2639,8269,9429,466
Receivables77,21080,84569,61183,12781,59782,21472,938
Inventory, net of allowances, customer advances and progress billings103,711109,17399,157109,072105,530109,92793,940
Inventory103,711109,17399,157109,072105,530109,92793,940
Prepaid expense3,5061,7862,2245,6786,4924,9423,176
Other current assets1,0412,2771,011650377691708
Other undisclosed current assets   4,0424,0043,0392,999
Total current assets:195,438201,824184,317208,832207,826210,755183,227
Noncurrent Assets
Property, plant and equipment115,856110,481106,646103,181101,226102,803104,277
Intangible assets, net (including goodwill)3,6853,7393,7924,1674,2674,3744,308
Goodwill2,7402,7402,7402,7402,7402,7402,740
Intangible assets, net (excluding goodwill)9459991,0521,4271,5271,6341,568
Regulated entity, other noncurrent assets209242281 1,3001,400 
Other noncurrent assets2,4976,1677,5997,9354,9964,0683,990
Other undisclosed noncurrent assets5,6086,3346,7685,5385,1044,3876,279
Total noncurrent assets:127,855126,963125,086120,821116,893117,032118,854
TOTAL ASSETS:323,293328,787309,403329,653324,719327,787302,081
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities62,20364,99769,19276,83265,00569,93378,708
Accounts payable37,84943,70945,38948,29140,56446,98640,318
Accrued liabilities23,45020,43023,80327,18323,86122,47622,236
Employee-related liabilities      7,708
Taxes payable904858 1,3585804717,161
Interest and dividends payable      1,285
Debt44,44647,09439,21148,71051,90255,66456,001
Liability for uncertainty in income taxes      2,200
Other undisclosed current liabilities  1,010   (17,622)
Total current liabilities:106,649112,091109,413125,542116,907125,597119,287
Noncurrent Liabilities
Long-term debt and lease obligation235,152242,131 234,186241,960243,257222,135
Long-term debt, excluding current maturities235,152242,131 234,186241,960243,257222,135
Liabilities, other than long-term debt18,03819,07220,10423,73224,86526,42527,990
Accounts payable and accrued liabilities1,2631,5012,2482,2742,4853,0263,114
Deferred tax liabilities, net7297126953,2993,3403,3113,287
Liability, pension and other postretirement and postemployment benefits      1,000
Other liabilities16,04616,85917,16118,15919,04020,08820,589
Other undisclosed noncurrent liabilities  229,951   (1,000)
Total noncurrent liabilities:253,190261,203250,055257,918266,825269,682249,125
Total liabilities:359,839373,294359,468383,460383,732395,279368,412
Stockholders' equity
Stockholders' equity attributable to parent, including:(36,546)(44,507)(50,065)(53,807)(59,013)(67,492)(66,331)
Common stock175175175175175175175
Treasury stock, value(411)(411)(411)(411)(411)(411)(411)
Additional paid in capital21,94421,94421,94421,94421,94421,94421,944
Accumulated other comprehensive loss(6,798)(6,406)(7,557)(8,179)(7,465)(7,331)(6,758)
Accumulated deficit(244,766)(253,119)(257,526)(260,646)(266,566)(275,179)(274,591)
Other undisclosed stockholders' equity attributable to parent193,310193,310193,310193,310193,310193,310193,310
Total stockholders' equity:(36,546)(44,507)(50,065)(53,807)(59,013)(67,492)(66,331)
TOTAL LIABILITIES AND EQUITY:323,293328,787309,403329,653324,719327,787302,081

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

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
Revenues148,430149,130147,027158,698160,517144,165140,872
Revenue, net148,430149,130150,543158,457157,281144,126140,788
Cost of revenue
(Cost of Goods and Services Sold)
(123,483)(124,901)(128,487)(134,342)(134,019)(125,945)(123,088)
Other undisclosed gross profit  3,516(241)(3,236)(39)(84)
Gross profit:24,94724,22922,05624,11523,26218,18117,700
Operating expenses(12,210)(12,047)(13,202)(11,643)(11,934)(11,746)(22,383)
Other operating income (expense), net  (2,128)1,433965992,856
Other undisclosed operating income (loss)2,973(59)2,920(1,242)2,732(599)7,547
Operating income:15,71012,1239,64612,66314,1566,4355,720
Nonoperating income (expense)1,858(273)(6,147)(5,396)(6,844)(6,188)(4,283)
Foreign currency transaction gain (loss), before tax942(136)(1,725)1,35242331(435)
Other nonoperating income (expense)916(137)5831,363425532,723
Interest and debt expense(1,254)(1,313)(1,413)(1,594)(1,913)(1,961)(2,357)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(6,571)(5,302)1,4131,5941,9131,9612,357
Income from continuing operations before equity method investments, income taxes:9,7435,2353,4997,2677,3122471,437
Loss from equity method investments    (45)(60)(30)
Income from continuing operations before income taxes:9,7435,2353,4997,2677,2671871,407
Income tax expense (benefit)(1,377)(812)(362)(1,333)1,357(751)(1,419)
Income (loss) from continuing operations:8,3664,4233,1375,9348,624(564)(12)
Income (loss) from discontinued operations(13)(16)(17)(14)(11)(24)488
Income (loss) before gain (loss) on sale of properties:8,3534,4073,1205,9208,613(588)476
Other undisclosed net loss      (501)
Net income (loss) attributable to parent:8,3534,4073,1205,9208,613(588)(25)
Preferred stock dividends and other adjustments(4,559)(4,471)(4,431)(4,345)(4,215)(4,088)(4,097)
Net income (loss) available to common stockholders, basic:3,794(64)(1,311)1,5754,398(4,676)(4,122)
Dilutive securities, effect on basic earnings per share1,779   1,650  
Net income (loss) available to common stockholders, diluted:5,573(64)(1,311)1,5756,048(4,676)(4,122)

Comprehensive Income ($ in thousands)

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
Net income (loss):8,3534,4073,1205,9208,613(588)(25)
Other comprehensive income (loss)(392)1,151622(714)(134)(573)(1,539)
Comprehensive income (loss), net of tax, attributable to parent:7,9615,5583,7425,2068,479(1,161)(1,564)

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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