NN Inc. (NNBR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
6210 ARDREY KELL ROAD CHARLOTTE, NC 28277 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 354 - Metalworking Machinery And Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 21,903 | 12,808 | 28,656 | 48,138 | 31,703 | 17,988 | |||
| Cash and cash equivalent | 21,903 | 12,808 | 28,656 | 48,138 | 31,703 | 17,988 | |||
| Receivables | 77,430 | 86,293 | 83,227 | 93,415 | 137,531 | 134,367 | |||
| Inventory, net of allowances, customer advances and progress billings | 71,563 | 80,682 | 75,027 | 62,517 | 118,722 | 122,615 | |||
| Inventory | 71,563 | 80,682 | 75,027 | 62,517 | 118,722 | 122,615 | |||
| Other current assets | 9,194 | 9,123 | 9,372 | 11,148 | 15,024 | 21,901 | |||
| Other undisclosed current assets | 2,464 | 2,794 | |||||||
| Total current assets: | 182,554 | 191,700 | 196,282 | 215,218 | 302,980 | 296,871 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 13,599 | 12,989 | 13,641 | 14,644 | ✕ | ||||
| Operating lease, right-of-use asset | 43,357 | 46,713 | 46,443 | 50,264 | 65,496 | ✕ | |||
| Property, plant and equipment | 374,513 | 361,028 | |||||||
| Long-term investments and receivables | 32,701 | 31,802 | 34,045 | 26,983 | 21,755 | 20,364 | |||
| Long-term investments | 32,701 | 31,802 | 34,045 | 26,983 | 21,755 | 20,364 | |||
| Intangible assets, net (including goodwill) | 58,724 | 72,891 | 88,718 | 103,065 | 768,355 | 815,700 | |||
| Goodwill | 439,095 | 439,452 | |||||||
| Intangible assets, net (excluding goodwill) | 58,724 | 72,891 | 88,718 | 103,065 | 329,260 | 376,248 | |||
| Regulated entity, other noncurrent assets | 4,394 | 5,679 | 952 | ||||||
| Deferred income tax assets | 734 | 102 | 314 | ✕ | |||||
| Other noncurrent assets | 7,003 | 5,282 | 4,194 | 5,742 | 8,885 | 7,607 | |||
| Other undisclosed noncurrent assets | 172,213 | 180,254 | 189,785 | 208,094 | |||||
| Total noncurrent assets: | 328,331 | 354,427 | 382,819 | 409,744 | 1,239,004 | 1,204,699 | |||
| TOTAL ASSETS: | 510,885 | 546,127 | 579,101 | 624,962 | 1,541,984 | 1,501,570 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 61,468 | 58,468 | 56,521 | 62,288 | 88,796 | 90,330 | |||
| Taxes payable | ✕ | ✕ | ✕ | 2,072 | 3,557 | 1,028 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 17,739 | 21,296 | 30,428 | 24,636 | ||
| Accounts payable | 45,480 | 45,871 | 36,710 | 37,435 | 57,340 | 65,694 | |||
| Accrued liabilities | 15,988 | 12,597 | |||||||
| Debt | 5,957 | 5,931 | 6,185 | 9,137 | 25,812 | 31,280 | |||
| Other liabilities | 10,506 | 11,723 | 8,718 | 31,261 | 24,873 | 23,420 | |||
| Other undisclosed current liabilities | 3,688 | 2,684 | 2,593 | 545 | |||||
| Total current liabilities: | 81,619 | 78,806 | 74,017 | 103,231 | 139,481 | 145,030 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 149,369 | 149,389 | 202,347 | 134,078 | 824,420 | 811,471 | |||
| Long-term debt, excluding current maturities | 149,369 | 149,389 | 151,052 | 79,025 | 757,440 | 811,471 | |||
| Liabilities, other than long-term debt | 77,096 | 66,967 | 24,745 | 28,415 | 131,794 | 126,774 | |||
| Accounts payable and accrued liabilities | 1,272 | 3,875 | |||||||
| Deferred revenue | 85,799 | ✕ | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 93,482 | ||
| Deferred income tax liabilities | 4,988 | 5,596 | 7,456 | 11,178 | ✕ | ||||
| Other liabilities | 24,827 | 9,960 | 17,289 | 17,237 | 44,723 | 29,417 | |||
| Operating lease, liability | 47,281 | 51,411 | 51,295 | 55,053 | 66,980 | ✕ | |||
| Total noncurrent liabilities: | 226,465 | 216,356 | 227,092 | 162,493 | 956,214 | 938,245 | |||
| Total liabilities: | 308,084 | 295,162 | 301,109 | 265,724 | 1,095,695 | 1,083,275 | |||
| Temporary equity, including noncontrolling interest | 105,086 | 93,012 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 125,002 | 186,264 | (31,902) | 254,152 | 2,839 | 418,295 | |||
| Common stock | 473 | 439 | 430 | 427 | 423 | 421 | |||
| Additional paid in capital | 457,632 | 468,143 | 474,757 | 493,332 | 501,615 | 511,545 | |||
| Accumulated other comprehensive loss | (37,755) | (37,120) | (31,902) | (33,732) | (44,554) | (31,625) | |||
| Accumulated deficit | (295,348) | (245,198) | (219,100) | (205,875) | (105,283) | (62,046) | |||
| Warrants and rights outstanding | 1,076 | ||||||||
| Other undisclosed equity, attributable to parent | (256,087) | (350,438) | |||||||
| Other undisclosed equity | 256,087 | 350,438 | |||||||
| Total equity: | 125,002 | 186,264 | 224,185 | 254,152 | 353,277 | 418,295 | |||
| Other undisclosed liabilities and equity | 77,799 | 64,701 | 53,807 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 510,885 | 546,127 | 579,101 | 624,962 | 1,541,984 | 1,501,570 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 489,270 | 498,738 | 477,584 | 427,534 | 847,451 | 770,657 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 770,657 | |
| Cost of revenue | (419,175) | (421,105) | (389,995) | (343,594) | (641,639) | (588,205) | ||
| Cost of product and service sold | (419,175) | (421,105) | (389,995) | (343,594) | (641,639) | |||
| Gross profit: | 70,095 | 77,633 | 87,589 | 83,940 | 205,812 | 182,452 | ||
| Operating expenses | (47,436) | (49,635) | (51,489) | (150,997) | (103,223) | (281,996) | ||
| Other operating income (expense), net | 1,657 | (1,859) | 1,091 | (4,720) | (866) | (6,089) | ||
| Other undisclosed operating loss | (46,120) | (47,231) | (46,195) | (45,680) | (91,834) | (73,255) | ||
| Operating income (loss): | (21,804) | (21,092) | (9,004) | (117,457) | 9,889 | (178,888) | ||
| Nonoperating income (expense) | (10,730) | 5,064 | 3,333 | (11,456) | (1,140) | (1,341) | ||
| Investment income, nonoperating | (2,033) | (11,669) | ||||||
| Other nonoperating income (expense) | (10,730) | 5,064 | 5,366 | 213 | (1,140) | (1,341) | ||
| Interest and debt expense | (21,137) | (15,041) | (15,054) | (19,042) | (60,448) | (80,805) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,717) | (4,133) | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (53,671) | (31,069) | (22,442) | (152,088) | (51,699) | (261,034) | ||
| Income (loss) from equity method investments | 5,806 | 6,592 | 6,261 | 3,626 | 1,681 | (14,390) | ||
| Loss from continuing operations before income taxes: | (47,865) | (24,477) | (16,181) | (148,462) | (50,018) | (275,424) | ||
| Income tax expense (benefit) | (2,285) | (1,621) | 1,756 | 8,972 | 3,277 | 10,957 | ||
| Loss from continuing operations: | (50,150) | (26,098) | (14,425) | (139,490) | (46,741) | (264,467) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (13,225) | (100,592) | (46,741) | (264,467) | |
| Income from discontinued operations | 1,200 | 38,898 | ||||||
| Net loss attributable to parent: | (50,150) | (26,098) | (13,225) | (100,592) | (46,741) | (264,467) | ||
| Preferred stock dividends and other adjustments | (13,098) | (10,894) | (21,478) | (12,373) | 642 | |||
| Other undisclosed net loss available to common stockholders, basic | (1,200) | (38,898) | (1,284) | |||||
| Net loss available to common stockholders, diluted: | (63,248) | (36,992) | (35,903) | (151,863) | (47,383) | (264,467) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (50,150) | (26,098) | (13,225) | (100,592) | (46,741) | (264,467) | ||
| Other comprehensive income (loss) | (635) | (5,218) | 1,830 | 10,822 | (13,240) | (13,880) | ||
| Comprehensive loss, net of tax, attributable to parent: | (50,785) | (31,316) | (11,395) | (89,770) | (59,981) | (278,347) | ||
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.