Steel Partners Holdings LP (SPLPPA) Financial Statements (2025 and earlier)

Company Profile

Business Address 590 MADISON AVENUE, 32ND FLOOR
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 339 - Miscellaneous Primary Metal Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments578234325136149336
Cash and cash equivalents578234325136148335
Short-term investments    001
Restricted cash and investments      12
Receivables711528330217321151
Inventory, net of allowances, customer advances and progress billings202214184137168159
Inventory202214184137168159
Other undisclosed current assets1,136829444314452433
Total current assets:2,6271,8051,2848031,0901,092
Noncurrent Assets
Operating lease, right-of-use asset77433730 ✕
Property, plant and equipment254239235229262297
Long-term investments and receivables4277337732,474472422
Long-term investments41310261291276258
Accounts and financing receivable, after allowance for credit loss3864235112,183196164
Intangible assets, net (including goodwill)263221268289308367
Goodwill149126148151150184
Intangible assets, net (excluding goodwill)11495120139159184
Estimated insurance recoveries     10 
Deferred income tax assets   67 ✕
Other noncurrent assets34219679427180
Other undisclosed noncurrent assets     11996
Total noncurrent assets:1,3631,4311,3913,1311,2421,264
TOTAL ASSETS:3,9903,2362,6753,9342,3322,356
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities250222210171219199
Accounts payable132110123101100106
Accrued liabilities118113877012093
Deferred revenue743  ✕
Debt23220174
Derivative instruments and hedges, liabilities      12
Financial instruments subject to mandatory redemption, settlement terms, share value, amount     40 
Other liabilities 6355464322
Due to related parties✕✕32400
Other undisclosed current liabilities1,8061,354443276615432
Total current liabilities:2,0651,649715517936670
Noncurrent Liabilities
Long-term debt and lease obligation194183301350391478
Long-term debt, excluding current maturities191180270323391478
Finance lease, liability 3345 ✕
Liabilities, other than long-term debt343204133226211227
Deferred income tax liabilities1841142 ✕
Liability, pension and other postretirement and postemployment benefits468582183196206
Financial instruments subject to mandatory redemption, settlement terms, share value, amount155     
Other liabilities624236401521
Operating lease, liability62362822 ✕
Other undisclosed noncurrent liabilities3833998582,302318462
Total noncurrent liabilities:9207851,2912,8789201,167
Total liabilities:2,9852,4342,0063,3951,8561,837
Equity
Equity, attributable to parent(121)(152)(132)(173)(191)(177)
Accumulated other comprehensive loss(121)(152)(132)(173)(191)(177)
Other undisclosed equity1,127953801712668697
Total equity:1,005801669539476519
TOTAL LIABILITIES AND EQUITY:3,9903,2362,6753,9342,3322,356

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,9051,6951,5251,3111,5621,585
Cost of revenue(1,238)(1,137)(1,020)(894)(43)(1,110)
Cost of goods and services sold(1,103)(1,097)(1,004)(860) (1,110)
Provision for loan, lease, and other losses (23)(0)(22)(43) 
Gross profit:6675585054171,518475
Operating expenses(506)(298)(304)(292)(1,534)(1,594)
Other operating income, net84385  
Operating income (loss):169265239130(16)(1,119)
Interest and debt expense(18)(21)(22)(30)(41)(39)
Other undisclosed income from continuing operations before equity method investments, income taxes10  25851,149
Income (loss) from continuing operations before equity method investments, income taxes:16124421712528(9)
Income (loss) from equity method investments(9)     
Other undisclosed income (loss) from continuing operations before income taxes932(16)2633(10)
Income (loss) from continuing operations before income taxes:16127520115161(19)
Income tax expense (benefit)2(74)(84)(38)(16)(13)
Other undisclosed income (loss) from continuing operations(9)516(30)(41) 
Income (loss) from continuing operations:154206132834(31)
Income (loss) before gain (loss) on sale of properties:✕✕✕133734(31)
Income (loss) from discontinued operations   0(10)  
Net income (loss):154206133734(31)
Net income (loss) attributable to noncontrolling interest (3)   0(1)
Other undisclosed net loss attributable to parent (0)(1)(1)  
Net income (loss) available to common stockholders, basic:151206131734(33)
Dilutive securities, effect on basic earnings per share12121212  
Net income (loss) available to common stockholders, diluted:163218144854(33)

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):154206133734(31)
Other comprehensive income (loss)31(20)411(14)19
Comprehensive income (loss):18518617374(10)(12)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(0)(1)(1)0(1)
Comprehensive income (loss), net of tax, attributable to parent:18118617274(10)(13)

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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