Miller Industries, Inc. (MLR) Financial Statements (2024 and earlier)

Company Profile

Business Address 8503 HILLTOP DR
OOLTEWAH, TN 37363
State of Incorp. TN
Fiscal Year End December 31
Industry (SIC) 3713 - Truck and Bus Bodies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
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 investments     27,03721,895
Cash and cash equivalents     27,03721,895
Receivables177,663153,977141,642168,619149,142132,699
Inventory, net of allowances, customer advances and progress billings153,656114,90883,93987,96593,76768,567
Inventory153,656114,90883,93987,96593,76768,567
Prepaid expense4,5765,7513,1674,7963,2724,272
Other undisclosed current assets40,15354,33257,52126,072  
Total current assets:376,048328,968286,269287,452273,218227,433
Noncurrent Assets
Operating lease, right-of-use asset9091,2311,4681,640
Property, plant and equipment112,14596,49698,62090,73582,85077,628
Intangible assets, net (including goodwill)11,61911,61911,61911,61911,61911,619
Goodwill11,61911,61911,61911,61911,61911,619
Other noncurrent assets708533434521497558
Total noncurrent assets:125,381109,879112,141104,51594,96689,805
TOTAL ASSETS:501,429438,847398,410391,967368,184317,238
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities153,404143,895110,307123,563123,083101,305
Accounts payable125,500119,02985,53495,75098,22079,304
Accrued liabilities27,90424,86624,77327,81324,86322,001
Deferred revenue 242257272 
Debt  1521719305394
Other undisclosed current liabilities2,49910482   
Total current liabilities:156,145144,271110,682124,282123,388101,699
Noncurrent Liabilities
Long-term debt and lease obligation45,0008701,1316,34215,53310,212
Long-term debt, excluding current maturities45,000  4,99815,53310,212
Finance lease, liability   1537
Liabilities, other than long-term debt6,8275,1704,1443,4161,7002,227
Accounts payable and accrued liabilities      1,102
Deferred tax liabilities, net1,7001,125
Deferred income tax liabilities6,2305,1704,1443,416
Operating lease, liability5978701,1161,307
Total noncurrent liabilities:51,8276,0405,2759,75817,23312,439
Total liabilities:207,972150,311115,957134,040140,621114,138
Equity
Equity, attributable to parent293,457288,536282,453257,927227,563203,100
Common stock114114114114114114
Additional paid in capital152,392151,449151,249151,055150,905150,699
Accumulated other comprehensive loss(9,173)(4,945)(2,789)(5,503)(4,810)(3,293)
Retained earnings150,124141,918133,879112,26181,35455,580
Total equity:293,457288,536282,453257,927227,563203,100
TOTAL LIABILITIES AND EQUITY:501,429438,847398,410391,967368,184317,238

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues848,456717,476651,286818,166711,706615,101
Revenue, net615,101
Cost of revenue
(Cost of Goods and Services Sold)
(766,037)(647,624)(572,928)(721,678)(628,370)(548,000)
Gross profit:82,41969,85278,35896,48883,33667,101
Operating expenses(52,827)(46,233)(39,714)(43,394)(39,542)(36,982)
Other operating income (expense), net(481)(498)668(331)  
Other undisclosed operating income      1,421
Operating income:29,11123,12139,31252,76343,79431,540
Nonoperating expense     (2,131)(1,201)
Investment income, nonoperating     (1,878)(1,588)
Other nonoperating income (expense)     (253)387
Interest and debt expense(3,379)(1,355)(1,215)(2,378)  
Income from continuing operations before income taxes:25,73221,76638,09750,38541,66330,339
Income tax expense(5,386)(5,511)(8,267)(11,274)(7,917)(7,323)
Income from continuing operations:20,34616,25529,83039,11133,74623,016
Income before gain (loss) on sale of properties:16,25529,83039,11133,74623,016
Net income available to common stockholders, diluted:20,34616,25529,83039,11133,74623,016

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:20,34616,25529,83039,11133,74623,016
Other comprehensive income (loss)(4,228)(2,156)2,714(693)(965)3,374
Comprehensive income, net of tax, attributable to parent:16,11814,09932,54438,41832,78126,390

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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