Pioneer Power Solutions, Inc. (PPSI) financial statements (2021 and earlier)

Company profile

Business Address 400 KELBY STREET, 12TH FLOOR
FORT LEE, NJ 07024
State of Incorp. DE
Fiscal Year End December 31
SIC 3612 - Power, Distribution, and Specialty Transformers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments810879164
Cash and cash equivalents810878140
Short-term investments  00124
Receivables3323425
Inventory, net of allowances, customer advances and progress billings2435555
Inventory2435555
Disposal group, including discontinued operation      51
Other current assets      1
Other undisclosed current assets1111332
Total current assets:14171516202568
Noncurrent Assets
Finance lease, right-of-use asset 111111
Operating lease, right-of-use asset 222 22
Property, plant and equipment0011111
Intangible assets, net (including goodwill)    (0)33
Goodwill     33
Intangible assets, net (excluding goodwill)    (0)00
Other noncurrent assets7      
Other undisclosed noncurrent assets 334684
Total noncurrent assets:777881511
TOTAL ASSETS:21242224284079
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:45578712
Taxes payable0000110
Interest and dividends payable     12 
Other undisclosed accounts payable and accrued liabilities45577(6)12
Deferred revenue121212 
Debt10 0004
Disposal group, including discontinued operation      24
Other undisclosed current liabilities000011321
Total current liabilities:6769102361
Noncurrent Liabilities
Long-term debt and lease obligation111    
Long-term debt, excluding current maturities111    
Liabilities, other than long-term debt1111221
Other liabilities1111221
Other undisclosed noncurrent liabilities     13
Total noncurrent liabilities:2231234
Total liabilities:710910122565
Stockholders' equity
Stockholders' equity attributable to parent, including:14151314161514
Common stock0000000
Additional paid in capital24242424242424
Accumulated other comprehensive income (loss)000000(6)
Retained earnings (accumulated deficit)(10)(9)(11)(10)(8)2(5)
Other undisclosed stockholders' equity attributable to parent     (12) 
Total stockholders' equity:14151314161514
TOTAL LIABILITIES AND EQUITY:21242224284079

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues5455765
Cost of revenue
(Cost of Goods and Services Sold)
(5)(3)(5)(5)(7)(5)(5)
Gross profit:01(0)0001
Operating expenses(1)(1)(1)(2)(5)(4)(2)
Operating loss:(1)(0)(1)(2)(5)(4)(2)
Nonoperating income (expense)020(1)(0)(2)(4)
Foreign currency transaction gain, before tax    0  
Other nonoperating income (expense)020(1)(0)(2)(4)
Interest and debt expense(0)(0)(0)(0)0(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes0   (0)  
Income (loss) from continuing operations before equity method investments, income taxes:(0)1(1)(3)(5)(6)(6)
Other undisclosed income (loss) from continuing operations before income taxes(0)000   
Income (loss) from continuing operations before income taxes:(1)1(1)(3)(5)(6)(6)
Income tax expense (benefit)  (0)(0)(4)31
Income (loss) from continuing operations:(1)1(1)(3)(9)(3)(4)
Income (loss) from discontinued operations    (1)100
Net income (loss) available to common stockholders, diluted:(1)1(1)(3)(10)7(4)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(1)1(1)(3)(10)7(4)
Comprehensive income (loss):(1)1(1)(3)(10)7(4)
Other undisclosed comprehensive income, net of tax, attributable to parent     60
Comprehensive income (loss), net of tax, attributable to parent:(1)1(1)(3)(10)13(4)

Statements sources

The financial statements are based on the company's filings with the 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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