P & F Industries, Inc. (PFIN) Financial Statements (2024 and earlier)

Company Profile

Business Address 445 BROADHOLLOW ROAD
MELVILLE, NY 11747
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)

9/30/2023
MRQ
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 investments6675399043809991,241
Cash and cash equivalents6675399043809991,241
Receivables7,3707,5507,4689,3139,57410,047
Inventory, net of allowances, customer advances and progress billings24,49124,02118,36222,88220,49619,657
Inventory24,49124,02118,36222,88220,49619,657
Other undisclosed current assets2,7534,5662,8061,4971,1371,224
Total current assets:35,28136,67629,54034,07232,20632,169
Noncurrent Assets
Operating lease, right-of-use asset5,5212,9693,2813,859
Property, plant and equipment9,3638,0809,39510,1099,7758,907
Intangible assets, net (including goodwill)10,14810,03910,67512,98512,23612,980
Goodwill4,8224,4474,4494,7264,4364,447
Intangible assets, net (excluding goodwill)5,3265,5926,2268,2597,8008,533
Deferred income tax assets629349226216
Other noncurrent assets6277250502741110
Deferred tax assets, net628872
Total noncurrent assets:25,72321,51423,82727,67123,38022,869
TOTAL ASSETS:61,00458,19053,36761,74355,58655,038
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,8535,4734,0785,4306,3345,963
Employee-related liabilities1,4755252,0192,3361,944
Accounts payable3,0942,9202,1991,8432,7552,443
Accrued liabilities2,7591,0781,3541,5681,2431,576
Debt7,5705,7653,3576,5272,5491,928
Business combination, contingent consideration, liability     1,000 
Other undisclosed current liabilities1,020840847   
Total current liabilities:14,44312,0788,28211,9579,8837,891
Noncurrent Liabilities
Long-term debt and lease obligation  2,1763,4203,070 94
Long-term debt, excluding current maturities   946  94
Liabilities, other than long-term debt4,535     
Operating lease, liability4,5352,1762,4743,070
Other undisclosed noncurrent liabilities70(2,080)(2,347)2101681,040
Total noncurrent liabilities:4,6052,2723,5473,2801681,134
Total liabilities:19,04814,35011,82915,23710,0519,025
Equity
Equity, attributable to parent, including:41,95643,84041,53846,50645,53546,013
Treasury stock, value(10,213)(10,213)(10,213)(10,213)(6,695)(5,179)
Additional paid in capital14,24614,16714,14414,05613,90413,064
Accumulated other comprehensive loss(795)(613)(577)(620)(672)(530)
Retained earnings34,25136,04633,75638,86734,58834,455
Other undisclosed equity, attributable to parent4,4674,4534,4284,4164,4104,203
Total equity:41,95643,84041,53846,50645,53546,013
TOTAL LIABILITIES AND EQUITY:61,00458,19053,36761,74355,58655,038

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues59,04153,55449,13658,67464,99558,974
Revenue, net58,974
Cost of revenue
(Cost of Goods and Services Sold)
(40,102)(36,207)(34,943)(37,716)(41,808)(37,890)
Gross profit:18,93917,34714,19320,95823,18721,084
Operating expenses(20,373)(19,856)(19,367)(21,869)(21,705)(21,034)
Other undisclosed operating loss(48)(88)(1,612)   
Operating income (loss):(1,482)(2,597)(6,786)(911)1,48250
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
    (150)(131)
Interest and debt expense   (140)(198)(223)(168)
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(1,482)(2,597)(6,926)(1,109)1,109(249)
Other undisclosed income (loss) from continuing operations before income taxes(370)4,885717,817  
Income (loss) from continuing operations before income taxes:(1,852)2,288(6,855)6,7081,109(249)
Income tax expense (benefit)37621,901(1,797)(253)(635)
Income (loss) from continuing operations:(1,476)2,290(4,954)4,911856(884)
Income (loss) before gain (loss) on sale of properties:2,290(4,954)4,911856(884)
Net income (loss) available to common stockholders, diluted:(1,476)2,290(4,954)4,911856(884)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,476)2,290(4,954)4,911856(884)
Other comprehensive income (loss)(182)(36)4352(142)207
Comprehensive income (loss), net of tax, attributable to parent:(1,658)2,254(4,911)4,963714(677)

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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