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
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Receivables | 177,663 | 167,887 | 191,246 | 193,884 | 153,977 | 131,308 | 161,778 | ||
| Inventory, net of allowances, customer advances and progress billings | 153,656 | 144,382 | 141,191 | 124,348 | 114,908 | 108,838 | 91,996 | ||
| Inventory | 153,656 | 144,382 | 141,191 | 124,348 | 114,908 | 108,838 | 91,996 | ||
| Prepaid expense | 4,576 | 6,053 | 7,446 | 8,743 | 5,751 | 6,378 | 7,453 | ||
| Other undisclosed current assets | 40,153 | 33,208 | 31,129 | 29,292 | 54,332 | 50,407 | 53,934 | ||
| Total current assets: | 376,048 | 351,530 | 371,012 | 356,267 | 328,968 | 296,931 | 315,161 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 909 | 944 | 1,050 | 1,167 | 1,231 | 1,231 | 1,359 | ||
| Property, plant and equipment | 112,145 | 112,545 | 113,550 | 97,787 | 96,496 | 98,324 | 98,820 | ||
| 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 | 708 | 626 | 618 | 641 | 533 | 520 | 520 | ||
| Total noncurrent assets: | 125,381 | 125,734 | 126,837 | 111,214 | 109,879 | 111,694 | 112,318 | ||
| TOTAL ASSETS: | 501,429 | 477,264 | 497,849 | 467,481 | 438,847 | 408,625 | 427,479 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 153,404 | 137,601 | 163,099 | 162,327 | 143,895 | 113,346 | 132,255 | ||
| Accounts payable | 125,500 | 107,477 | 137,702 | 139,311 | 119,029 | 87,793 | 108,078 | ||
| Accrued liabilities | 27,904 | 30,124 | 25,397 | 23,016 | 24,866 | 25,553 | 24,177 | ||
| Deferred revenue | 242 | 274 | 257 | 257 | 257 | 272 | 272 | ||
| Debt | 4 | 9 | 15 | 21 | 22 | ||||
| Other undisclosed current liabilities | 2,499 | 42 | 69 | 92 | 104 | 77 | 95 | ||
| Total current liabilities: | 156,145 | 137,917 | 163,429 | 162,685 | 144,271 | 113,716 | 132,644 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 45,000 | 45,628 | 40,722 | 10,816 | 870 | 881 | 996 | ||
| Long-term debt, excluding current maturities | 45,000 | 45,000 | 40,000 | 10,000 | |||||
| Finance lease, liability | 4 | ||||||||
| Liabilities, other than long-term debt | 6,827 | 5,195 | 5,232 | 5,134 | 5,170 | 4,159 | 4,261 | ||
| Deferred income tax liabilities | 6,230 | 5,195 | 5,232 | 5,134 | 5,170 | 4,159 | 4,261 | ||
| Operating lease, liability | 597 | 628 | 722 | 816 | 870 | 881 | 992 | ||
| Total noncurrent liabilities: | 51,827 | 50,823 | 45,954 | 15,950 | 6,040 | 5,040 | 5,257 | ||
| Total liabilities: | 207,972 | 188,740 | 209,383 | 178,635 | 150,311 | 118,756 | 137,901 | ||
| Equity | |||||||||
| Equity, attributable to parent | 293,457 | 288,524 | 288,466 | 288,846 | 288,536 | 289,869 | 289,578 | ||
| Common stock | 114 | 114 | 114 | 114 | 114 | 114 | 114 | ||
| Additional paid in capital | 152,392 | 152,169 | 151,946 | 151,724 | 151,449 | 151,449 | 151,449 | ||
| Accumulated other comprehensive loss | (9,173) | (10,566) | (7,225) | (4,920) | (4,945) | (2,951) | (1,450) | ||
| Retained earnings | 150,124 | 146,807 | 143,631 | 141,928 | 141,918 | 141,257 | 139,465 | ||
| Total equity: | 293,457 | 288,524 | 288,466 | 288,846 | 288,536 | 289,869 | 289,578 | ||
| TOTAL LIABILITIES AND EQUITY: | 501,429 | 477,264 | 497,849 | 467,481 | 438,847 | 408,625 | 427,479 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 225,854 | 205,557 | 201,500 | 215,545 | 201,691 | 164,715 | 181,158 | |
| Cost of revenue (Cost of Goods and Services Sold) | (200,329) | (182,377) | (183,126) | (200,205) | (186,092) | (146,883) | (160,568) | |
| Gross profit: | 25,525 | 23,180 | 18,374 | 15,340 | 15,599 | 17,832 | 20,590 | |
| Operating expenses | (13,117) | (14,673) | (12,651) | (12,386) | (11,180) | (11,983) | (12,019) | |
| Other operating income (expense), net | 512 | (666) | (275) | (52) | (64) | (206) | 48 | |
| Operating income: | 12,920 | 7,841 | 5,448 | 2,902 | 4,355 | 5,643 | 8,619 | |
| Interest and debt expense | (1,291) | (1,042) | (628) | (418) | (454) | (286) | (340) | |
| Income from continuing operations before income taxes: | 11,629 | 6,799 | 4,820 | 2,484 | 3,901 | 5,357 | 8,279 | |
| Income tax expense | (2,337) | (1,567) | (1,063) | (419) | (1,186) | (1,511) | (1,763) | |
| Income from continuing operations: | 9,292 | 5,232 | 3,757 | 2,065 | 2,715 | 3,846 | 6,516 | |
| Income before gain (loss) on sale of properties: | ✕ | 5,232 | 3,757 | 2,065 | 2,715 | 3,846 | 6,516 | |
| Net income available to common stockholders, diluted: | 9,292 | 5,232 | 3,757 | 2,065 | 2,715 | 3,846 | 6,516 | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 9,292 | 5,232 | 3,757 | 2,065 | 2,715 | 3,846 | 6,516 | |
| Other comprehensive income (loss) | 1,393 | (3,341) | (2,305) | 25 | (1,994) | (1,501) | 579 | |
| Comprehensive income, net of tax, attributable to parent: | 10,685 | 1,891 | 1,452 | 2,090 | 721 | 2,345 | 7,095 | |
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.