Profire Energy, Inc. (PFIE) Financial Statements (2024 and earlier)

Company Profile

Business Address 321 SOUTH 1250 WEST, SUITE 1
LINDON, UT 84042
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 3533 - Oil and Gas Field Machinery and Equipment (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, including:3,1533,5874,3151,319454889
Cash and cash equivalents7,3858,1889,1487,35910,10211,446
Short-term investments1,1541,0142,3893,8224,5584,311
Other undisclosed cash, cash equivalents, and short-term investments(5,386)(5,615)(7,222)(9,862)(14,206)(14,867)
Receivables11,0776,4273,7855,5986,8858,069
Inventory, net of allowances, customer advances and progress billings10,2947,1858,4159,5729,6606,446
Inventory10,2947,1858,4159,5729,6606,446
Prepaid expense2,3151,0251,6781,672474437
Asset, held-for-sale, not part of disposal group   624   
Other current assets217202173   
Other undisclosed current assets4,9785,8096,8459,93914,37914,867
Total current assets:32,03424,23625,83628,10031,85130,709
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1206550108
Operating lease, right-of-use asset    
Property, plant and equipment10,42411,18612,02212,0718,020 
Long-term investments and receivables 8,2606,0647,4007,978 
Long-term investments 8,2606,0647,4007,978 
Intangible assets, net (including goodwill)3,8484,1294,3514,5691,428 
Goodwill2,5792,5792,5792,579998 
Intangible assets, net (excluding goodwill)1,2691,5491,7721,990430 
Deferred income tax assets 163  
Other noncurrent assets      17,280
Other undisclosed noncurrent assets 7,503   85 
Total noncurrent assets:21,89623,80222,48724,14817,51217,280
TOTAL ASSETS:53,93048,03848,32352,24849,36347,989
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,5303,6952,3765,1264,1073,942
Taxes payable  4031,172920
Employee-related liabilities   311197
Accounts payable2,9561,8231,1792,6341,1781,781
Accrued liabilities3,5741,8721,1972,0891,4461,044
Debt54303959  
Other undisclosed current liabilities205     
Total current liabilities:6,7883,7252,4155,1854,1073,942
Noncurrent Liabilities
Long-term debt and lease obligation68361352  
Finance lease, liability68361352
Liabilities, other than long-term debt489136523439  
Deferred income tax liabilities489136523439
Operating lease, liability    
Total noncurrent liabilities:557172536491  
Total liabilities:7,3453,8972,9515,6774,1073,942
Equity
Equity, attributable to parent46,58444,14145,37246,57245,25644,047
Common stock525251515054
Treasury stock, value(7,336)(6,108)(5,353)(5,353)(2,609)(6,890)
Additional paid in capital31,73830,81930,29329,58428,02827,535
Accumulated other comprehensive loss(3,295)(2,100)(2,149)(2,415)(2,896)(2,200)
Retained earnings25,42621,47822,52924,70522,68425,549
Total equity:46,58444,14145,37246,57245,25644,047
TOTAL LIABILITIES AND EQUITY:53,93048,03848,32352,24849,36347,989

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
Revenues45,93726,35621,45938,98145,61538,286
Revenue, net38,286
Cost of revenue
(Cost of Goods and Services Sold)
(24,285)(14,955)(11,932)(19,453)(22,713)(18,022)
Gross profit:21,65111,4019,52619,52822,90120,264
Operating expenses(16,457)(13,416)(12,606)(16,364)(14,927)(13,424)
Operating income (loss):5,195(2,015)(3,080)3,1647,9746,839
Nonoperating income492334421403624243
Investment income, nonoperating177133181283501243
Other nonoperating income (expense)(4)9(67)5(7) 
Interest and debt expense(3)(2)(6)(6)  
Income (loss) from continuing operations before equity method investments, income taxes:5,683(1,683)(2,665)3,5628,5987,082
Other undisclosed income from continuing operations before income taxes3266 41
Income (loss) from continuing operations before income taxes:5,686(1,681)(2,659)3,5688,5987,123
Income tax expense (benefit)(1,738)629484(1,546)(2,517)(2,674)
Income (loss) from continuing operations:3,948(1,052)(2,176)2,0216,0814,450
Income (loss) before gain (loss) on sale of properties:(1,052)(2,176)2,0216,0814,450
Net income (loss) available to common stockholders, diluted:3,948(1,052)(2,176)2,0216,0814,450

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 (loss):3,948(1,052)(2,176)2,0216,0814,450
Other comprehensive income (loss)(1,194)48267480(695)610
Comprehensive income (loss):2,753(1,003)(1,909)2,5025,3865,060
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:2,753(1,003)(1,909)2,5025,3865,060

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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