Power Solutions International Inc (PSIX) financial statements (2021 and earlier)

Company profile

Business Address 201 MITTEL DRIVE
WOOD DALE, IL 60191
State of Incorp. IL
Fiscal Year End December 31
SIC 351 - Engines And Turbines (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 investments2127331000
Cash and cash equivalents2127331000
Restricted cash and investments333    
Receivables645665631067877
Inventory, net of allowances, customer advances and progress billings108129140126109115110
Inventory108129140126109115110
Other undisclosed current assets615101281819
Total current assets:203230251201223211206
Noncurrent Assets
Finance lease, right-of-use asset1      
Operating lease, right-of-use asset17      
Property, plant and equipment 212223232323
Intangible assets, net (including goodwill)40414242434445
Goodwill30303030303030
Intangible assets, net (excluding goodwill)10111213131415
Other noncurrent assets21222323252526
Other undisclosed noncurrent assets3      
Total noncurrent assets:81848789919394
TOTAL ASSETS:284314338290314303300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities125145176143142144129
Accounts payable32456767768684
Accrued liabilities939910876665845
Interest and dividends payable111    
Deferred revenue485352  165
Debt10055000
Estimated litigation liability 02  5 
Other undisclosed current liabilities66605817401649
Total current liabilities:239259289215182181183
Noncurrent Liabilities
Long-term debt and lease obligation1111565656
Long-term debt, excluding current maturities1111565656
Liabilities, other than long-term debt38463846484648
Deferred revenue310317181314
Deferred income tax liabilities1111110
Other liabilities34353429293333
Total noncurrent liabilities:38463947104102103
Total liabilities:278305328262285283286
Stockholders' equity
Stockholders' equity attributable to parent691028282014
Common stock0000000
Treasury stock, value(1)(1)(10)(10)(10)(10)(10)
Additional paid in capital157157166166166165165
Accumulated deficit(150)(147)(145)(128)(127)(135)(141)
Total stockholders' equity:691028282014
TOTAL LIABILITIES AND EQUITY:284314338290314303300

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
Revenues10511493105153139139
Cost of revenue
(Cost of Goods and Services Sold)
(86)(96)(89)(87)(123)(112)(113)
Gross profit:1918418302726
Operating expenses(20)(19)(19)(21)(20)(19)(21)
Operating income (loss):(2)(1)(15)(4)1085
Nonoperating expense(1)(1)(2)(1)(2)(2)(7)
Investment income, nonoperating      (6)
Other nonoperating income0100000
Interest and debt expense (2)(0)(1)(2)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(3)(3)(18)(6)74(5)
Other undisclosed income from continuing operations before income taxes 201222
Income (loss) from continuing operations before income taxes:(3)(2)(17)(5)86(3)
Income tax expense (benefit)(0)0(0)4(0)(0)(0)
Income (loss) before gain (loss) on sale of properties:(3)(1)(18)(1)86(3)
Other undisclosed net loss(30)      
Net income (loss):(33)(1)(18)(1)86(3)
Other undisclosed net income attributable to parent30      
Net income (loss) available to common stockholders, diluted:(3)(1)(18)(1)86(3)

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):(33)(1)(18)(1)86(3)
Comprehensive income (loss), net of tax, attributable to parent:(33)(1)(18)(1)86(3)

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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