Miller Industries, Inc. (MLR) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 27,037 | 21,895 | 31,115 | 38,449 | |||||
| Cash and cash equivalents | 27,037 | 21,895 | 31,115 | 38,449 | |||||
| Receivables | 153,977 | 141,642 | 168,619 | 149,142 | 132,699 | 125,383 | 109,170 | ||
| Inventory, net of allowances, customer advances and progress billings | 114,908 | 83,939 | 87,965 | 93,767 | 68,567 | 64,136 | 66,232 | ||
| Inventory | 114,908 | 83,939 | 87,965 | 93,767 | 68,567 | 64,136 | 66,232 | ||
| Prepaid expense | 5,751 | 3,167 | 4,796 | 3,272 | 4,272 | 5,006 | 1,689 | ||
| Other undisclosed current assets | 54,332 | 57,521 | 26,072 | 3,725 | |||||
| Total current assets: | 328,968 | 286,269 | 287,452 | 273,218 | 227,433 | 225,640 | 219,265 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,231 | 1,468 | 1,640 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 96,496 | 98,620 | 90,735 | 82,850 | 77,628 | 59,613 | 39,475 | ||
| Intangible assets, net (including goodwill) | 11,619 | 11,619 | 11,619 | 11,619 | 11,619 | 11,619 | 11,619 | ||
| Goodwill | 11,619 | 11,619 | 11,619 | 11,619 | 11,619 | 11,619 | 11,619 | ||
| Other noncurrent assets | 533 | 434 | 521 | 497 | 558 | 566 | 496 | ||
| Total noncurrent assets: | 109,879 | 112,141 | 104,515 | 94,966 | 89,805 | 71,798 | 51,590 | ||
| TOTAL ASSETS: | 438,847 | 398,410 | 391,967 | 368,184 | 317,238 | 297,438 | 270,855 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 143,895 | 110,307 | 123,563 | 123,083 | 101,305 | 105,843 | 94,494 | ||
| Accounts payable | 119,029 | 85,534 | 95,750 | 98,220 | 79,304 | 85,116 | 73,405 | ||
| Accrued liabilities | 24,866 | 24,773 | 27,813 | 24,863 | 22,001 | 20,727 | 21,089 | ||
| Deferred revenue | 257 | 272 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 15 | 21 | 719 | 305 | 394 | ||||
| Other undisclosed current liabilities | 104 | 82 | |||||||
| Total current liabilities: | 144,271 | 110,682 | 124,282 | 123,388 | 101,699 | 105,843 | 94,494 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 870 | 1,131 | 6,342 | 15,533 | 10,212 | 5,000 | |||
| Long-term debt, excluding current maturities | 4,998 | 15,533 | 10,212 | 5,000 | |||||
| Finance lease, liability | 15 | 37 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, liability | 870 | 1,116 | 1,307 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 5,170 | 4,144 | 3,416 | 1,700 | 2,227 | 1,993 | 2,499 | ||
| Accounts payable and accrued liabilities | 1,102 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 1,700 | 1,125 | 1,993 | 2,499 | ||
| Deferred income tax liabilities | 5,170 | 4,144 | 3,416 | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 6,040 | 5,275 | 9,758 | 17,233 | 12,439 | 6,993 | 2,499 | ||
| Total liabilities: | 150,311 | 115,957 | 134,040 | 140,621 | 114,138 | 112,836 | 96,993 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 288,536 | 282,453 | 257,927 | 227,563 | 203,100 | 184,602 | 173,862 | ||
| Common stock | 114 | 114 | 114 | 114 | 114 | 113 | 113 | ||
| Additional paid in capital | 151,449 | 151,249 | 151,055 | 150,905 | 150,699 | 150,404 | 150,305 | ||
| Accumulated other comprehensive loss | (4,945) | (2,789) | (5,503) | (4,810) | (3,293) | (6,667) | (5,101) | ||
| Retained earnings | 141,918 | 133,879 | 112,261 | 81,354 | 55,580 | 40,752 | 28,545 | ||
| Total stockholders' equity: | 288,536 | 282,453 | 257,927 | 227,563 | 203,100 | 184,602 | 173,862 | ||
| TOTAL LIABILITIES AND EQUITY: | 438,847 | 398,410 | 391,967 | 368,184 | 317,238 | 297,438 | 270,855 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 717,476 | 651,286 | 818,166 | 711,706 | 615,101 | 601,119 | 540,966 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 615,101 | 601,119 | 540,966 | |
| Cost of revenue (Cost of Goods and Services Sold) | (647,624) | (572,928) | (721,678) | (628,370) | (548,000) | (536,840) | (483,353) | |
| Gross profit: | 69,852 | 78,358 | 96,488 | 83,336 | 67,101 | 64,279 | 57,613 | |
| Operating expenses | (46,233) | (39,714) | (43,394) | (39,542) | (36,982) | (33,202) | (32,750) | |
| Other operating income (expense), net | (498) | 668 | (331) | |||||
| Other undisclosed operating income | 1,421 | |||||||
| Operating income: | 23,121 | 39,312 | 52,763 | 43,794 | 31,540 | 31,077 | 24,863 | |
| Nonoperating expense | (2,131) | (1,201) | ||||||
| Investment income, nonoperating | (1,878) | (1,588) | ||||||
| Other nonoperating income (expense) | (253) | 387 | ||||||
| Interest and debt expense | (1,355) | (1,215) | (2,378) | (1,161) | (919) | |||
| Income from continuing operations before equity method investments, income taxes: | 21,766 | 38,097 | 50,385 | 41,663 | 30,339 | 29,916 | 23,944 | |
| Other undisclosed income from continuing operations before income taxes | 1,161 | 919 | ||||||
| Income from continuing operations before income taxes: | 21,766 | 38,097 | 50,385 | 41,663 | 30,339 | 31,077 | 24,863 | |
| Income tax expense | (5,511) | (8,267) | (11,274) | (7,917) | (7,323) | (11,155) | (8,887) | |
| Net income available to common stockholders, diluted: | 16,255 | 29,830 | 39,111 | 33,746 | 23,016 | 19,922 | 15,976 | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 16,255 | 29,830 | 39,111 | 33,746 | 23,016 | 19,922 | 15,976 | |
| Other comprehensive income (loss) | (2,156) | 2,714 | (693) | (965) | 3,374 | (1,566) | (3,703) | |
| Comprehensive income, net of tax, attributable to parent: | 14,099 | 32,544 | 38,418 | 32,781 | 26,390 | 18,356 | 12,273 | |
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.