PGT Innovations, Inc. (PGTI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1070 TECHNOLOGY DRIVE
NORTH VENICE, FL 34275
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3442 - Metal Doors, Sash, Frames, Molding, and Trim Manufacturing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

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 investments66,54896,146100,32097,24352,65034,029
Cash and cash equivalents66,54896,146100,32097,24352,65034,029
Receivables160,107141,22192,84468,09180,71760,308
Inventory, net of allowances, customer advances and progress billings112,67291,44060,31743,85144,66637,816
Inventory112,67291,44060,31743,85144,66637,816
Prepaid expense11,7638,7278,3573,3622,8632,490
Contract with customer, asset, after allowance for credit loss47,91955,23928,72310,547 ✕
Other current assets16,53228,98511,11110,5167,9089,873
Other undisclosed current assets     6,757 
Total current assets:415,541421,758301,672233,610195,561144,516
Noncurrent Assets
Operating lease, right-of-use asset104,12191,16238,56726,390✕✕
Property, plant and equipment208,354185,266135,155128,199115,70784,133
Intangible assets, net (including goodwill)907,467759,123586,202533,562549,645223,103
Goodwill460,415364,598329,695277,600277,827108,060
Intangible assets, net (excluding goodwill)447,052394,525256,507255,962271,818115,043
Other noncurrent assets4,7663,3019259721,2401,367
Total noncurrent assets:1,224,7081,038,852760,849689,123666,592308,603
TOTAL ASSETS:1,640,2491,460,6101,062,521922,733862,153453,119
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities168,961138,44684,34451,39468,55741,085
Employee-related liabilities✕✕15,765    
Accounts payable43,72740,02123,46913,44315,28812,911
Accrued liabilities125,23482,66060,87537,95153,26928,174
Debt    4,703163294
Other undisclosed current liabilities16,393(2,585)6,132   
Total current liabilities:185,354135,86190,47656,09768,72041,379
Noncurrent Liabilities
Long-term debt and lease obligation642,134709,558447,228393,011366,614212,679
Long-term debt, excluding current maturities642,134625,655412,098368,971366,614212,679
Liabilities, other than long-term debt150,02549,23139,68314,13241,27523,736
Deferred tax liabilities, net✕✕✕✕✕22,75822,772
Deferred income tax liabilities47,40737,48928,329 ✕✕
Other liabilities7,45911,74211,35414,13218,517964
Operating lease, liability95,15983,90335,13024,040✕✕
Other undisclosed noncurrent liabilities    27,945  
Total noncurrent liabilities:792,159758,789486,911435,088407,889236,415
Total liabilities:977,513894,650577,387491,185476,609277,794
Temporary equity, carrying amount 34,72136,863    
Equity
Equity, attributable to parent628,015529,097485,134431,548385,544175,325
Common stock639635625619607525
Treasury stock, value(19,854)(18,289)(18,309)(18,309)(12,759)(12,759)
Additional paid in capital442,116433,347420,202414,688409,661252,275
Accumulated other comprehensive income (loss)2237,0062,720(238)(3,065) 
Retained earnings (accumulated deficit)204,891106,39879,89634,788(8,900)(64,716)
Total equity:628,015529,097485,134431,548385,544175,325
TOTAL LIABILITIES AND EQUITY:1,640,2491,460,6101,062,521922,733862,153453,119

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,491,9541,161,464882,621744,956698,493511,081
Revenue, net✕✕✕✕✕✕511,081
Cost of revenue
(Cost of Goods and Services Sold)		(921,285)(757,965)(561,297)(484,588)(455,025)(352,097)
Gross profit:570,669403,499321,324260,368243,468158,984
Operating expenses(410,309)(303,043)(236,613)(176,312)(148,359)(98,803)
Operating income:160,360100,45684,71184,05695,10960,181
Interest and debt expense(28,921)(30,050)(27,752)(26,468)(26,598)(20,340)
Income from continuing operations before equity method investments, income taxes:131,43970,40656,95957,58868,51139,841
Other undisclosed income (loss) from continuing operations before income taxes(368)(25,451)33(1,461)(3,306)61
Income from continuing operations before income taxes:131,07144,95556,99256,12765,20539,902
Income tax expense(32,666)(9,759)(11,884)(12,439)(11,272)(63)
Income from continuing operations:98,40535,19645,10843,68853,93339,839
Income before gain (loss) on sale of properties:✕✕35,19645,10843,68853,93339,839
Net income:98,40535,19645,10843,68853,93339,839
Net loss attributable to noncontrolling interest(1,523)(2,318)    
Net income attributable to parent:96,88232,87845,10843,68853,93339,839
Other undisclosed net income (loss) available to common stockholders, basic2,000(6,081)    
Net income available to common stockholders, diluted:98,88226,79745,10843,68853,93339,839

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:98,40535,19645,10843,68853,93339,839
Other comprehensive income (loss)(2,345)1,5319709741,053 
Other undisclosed comprehensive income (loss)(4,438)2,755    
Comprehensive income:91,62239,48246,07844,66254,98639,839
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,523)(2,318)1,9881,853(4,118) 
Comprehensive income, net of tax, attributable to parent:90,09937,16448,06646,51550,86839,839

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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