SIFCO Industries, Inc. (SIF) Financial Statements (2024 and earlier)

Company Profile

Business Address 970 E 64TH ST
CLEVELAND, OH 44103
State of Incorp. OH
Fiscal Year End September 30
Industry (SIC) 3724 - Aircraft Engines and Engine Parts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3161,1571,174111124748
Cash and cash equivalents3161,1571,174111124748
Receivables17,49218,40516,61216,80118,38515,034
Inventory, net of allowances, customer advances and progress billings11,2768,3228,96912,51514,53514,979
Inventory11,2768,3228,96912,51514,53514,979
Contract with customer, asset, after allowance for credit loss10,63611,52210,17211,93613,11313,307
Other undisclosed current assets1,6891,7491,8511,2661,2791,259
Total current assets:41,40941,15538,77842,62947,43645,327
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization187202202182022
Operating lease, right-of-use asset14,79314,95415,16715,23915,47715,709
Intangible assets, net (including goodwill)3,8883,9463,9704,0604,1524,231
Goodwill3,4933,4933,4933,4933,4933,493
Intangible assets, net (excluding goodwill)395453477567659738
Regulated entity, other noncurrent assets151820232629
Other noncurrent assets807979887291
Other undisclosed noncurrent assets38,34139,41339,05040,20741,29642,364
Total noncurrent assets:57,30458,61258,48859,63561,04362,446
TOTAL ASSETS:98,71399,76797,266102,264108,479107,773
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,80620,27719,87216,19015,95118,306
Employee-related liabilities3,617 
Accounts payable14,86913,85210,38710,57810,52211,756
Accrued liabilities5,9376,4255,8685,6125,4296,550
Debt13,00311,54611,16310,11312,8389,301
Other undisclosed current liabilities5,1695,5751,5544,8425,0328,629
Total current liabilities:38,97837,39832,58931,14533,82136,236
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,3093,5423,5082,9023,2663,558
Long-term debt, excluding current maturities3,3093,5423,5082,9023,2663,558
Finance lease, liability113128131  3
Other undisclosed long-term debt and lease obligation(113)(128)(14,917)(14,855)(15,050)(15,251)
Liabilities, other than long-term debt19,98720,2545,7156,3946,5946,750
Deferred income tax liabilities 72145137155148118
Liability for uncertainty in income taxes   22   
Liability, pension and other postretirement and postemployment benefits4,8154,8154,8125,5175,7165,891
Other liabilities684710744722730741
Operating lease, liability14,41614,58414,78614,85515,05015,248
Total noncurrent liabilities:23,29623,7969,2239,2969,86010,308
Total liabilities:62,27461,19441,81240,44143,68146,544
Equity
Equity, attributable to parent36,43938,57340,69046,96849,74845,981
Common stock6,1086,0726,0406,0406,0406,003
Additional paid in capital11,45511,40611,38711,26811,26411,156
Accumulated other comprehensive loss(8,124)(8,272)(8,693)(9,216)(9,100)(9,083)
Retained earnings27,00029,36731,95638,87641,54437,905
Total equity:36,43938,57340,69046,96849,74845,981
Other undisclosed liabilities and equity   14,76414,85515,05015,248
TOTAL LIABILITIES AND EQUITY:98,71399,76797,266102,264108,479107,773

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

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
Revenues19,24221,29918,63321,45424,56819,247
Cost of revenue
(Cost of Goods and Services Sold)
(17,522)(20,038)(22,330)(21,080)(23,109)(19,238)
Gross profit:1,7201,261(3,697)3741,4599
Operating expenses(3,926)(3,330)(2,935)(2,883)(2,743)(3,661)
Other undisclosed operating income   7   
Operating income (loss):(2,206)(2,069)(6,625)(2,509)(1,284)(3,652)
Nonoperating income (expense)206(179)(117)(16)3327
Gain (loss), foreign currency transaction, before tax(12)3(13)7(3)(5)
Other nonoperating income (expense)218(182)(104)(23)3632
Interest and debt expense(339)(275)(192)(146)4,913(115)
Income (loss) from continuing operations before income taxes:(2,339)(2,523)(6,934)(2,671)3,662(3,740)
Income tax expense (benefit)(28)(66)143(23)49
Income (loss) from continuing operations:(2,367)(2,589)(6,920)(2,668)3,639(3,691)
Income (loss) before gain (loss) on sale of properties:(6,920)(2,668)3,639(3,691)
Net income (loss) available to common stockholders, diluted:(2,367)(2,589)(6,920)(2,668)3,639(3,691)

Comprehensive Income ($ in thousands)

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
Net income (loss):(2,367)(2,589)(6,920)(2,668)3,639(3,691)
Comprehensive income (loss):(2,367)(2,589)(6,920)(2,668)3,639(3,691)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent148421523(116)(17)(4)
Comprehensive income (loss), net of tax, attributable to parent:(2,219)(2,168)(6,397)(2,784)3,622(3,695)

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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