Steel Partners Holdings LP (SPLP) Financial Statements (2024 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)

9/30/2023
MRQ
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 investments234325136149336477
Cash and cash equivalents234325136148335419
Short-term investments   00158
Restricted cash and investments     1216
Receivables52833021732115142
Inventory, net of allowances, customer advances and progress billings214184137168159143
Inventory214184137168159143
Other undisclosed current assets829444314452433351
Total current assets:1,8051,2848031,0901,0921,029
Noncurrent Assets
Operating lease, right-of-use asset433730 
Property, plant and equipment239235229262297272
Long-term investments and receivables7337732,474472422324
Long-term investments310261291276258236
Accounts and financing receivable, after allowance for credit loss4235112,18319616488
Intangible assets, net (including goodwill)221268289308367369
Goodwill126148151150184170
Intangible assets, net (excluding goodwill)95120139159184199
Estimated insurance recoveries    10  
Deferred income tax assets   67 
Other noncurrent assets1967942718061
Other undisclosed noncurrent assets    11996109
Total noncurrent assets:1,4311,3913,1311,2421,2641,135
TOTAL ASSETS:3,2362,6753,9342,3322,3562,164
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities222210171219199179
Accounts payable110123101100106105
Accrued liabilities11387701209374
Deferred revenue43  
Debt32201742
Derivative instruments and hedges, liabilities     1216
Disposal group, including discontinued operation      0
Financial instruments subject to mandatory redemption, settlement terms, share value, amount    40  
Due to related parties324002
Other liabilities635546432211
Other undisclosed current liabilities1,354443276615432305
Total current liabilities:1,649715517936670515
Noncurrent Liabilities
Long-term debt and lease obligation183301350391478413
Long-term debt, excluding current maturities180270323391478413
Finance lease, liability 345 
Liabilities, other than long-term debt204133226211227284
Deferred income tax liabilities41142 
Liability, pension and other postretirement and postemployment benefits8582183196206268
Financial instruments subject to mandatory redemption, settlement terms, share value, amount      
Other liabilities423640152116
Operating lease, liability362822 
Other undisclosed noncurrent liabilities3998582,302318462385
Total noncurrent liabilities:7851,2912,8789201,1671,082
Total liabilities:2,4342,0063,3951,8561,8371,597
Equity
Equity, attributable to parent(152)(132)(173)(191)(177)(106)
Accumulated other comprehensive loss(152)(132)(173)(191)(177)(106)
Other undisclosed equity953801712668697673
Total equity:801669539476519567
TOTAL LIABILITIES AND EQUITY:3,2362,6753,9342,3322,3562,164

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,6951,5251,3111,5621,5851,372
Revenue, net1,156
Cost of revenue(1,137)(1,020)(894)(43)(1,110)(6)
Cost of goods and services sold(1,097)(1,004)(860) (1,110) 
Provision for loan, lease, and other losses(23)(0)(22)(43) 
Financial services costs(6)
Gross profit:5585054171,5184751,366
Operating expenses(298)(304)(292)(1,534)(1,594)(1,332)
Other operating income, net4385   
Operating income (loss):265239130(16)(1,119)35
Interest and debt expense(21)(22)(30)(41)(39)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes  25851,1496
Income (loss) from continuing operations before equity method investments, income taxes:24421712528(9)40
Loss from equity method investments      
Other undisclosed income (loss) from continuing operations before income taxes32(16)2633(10)17
Income (loss) from continuing operations before income taxes:27520115161(19)57
Income tax expense(74)(84)(38)(16)(13)(51)
Other undisclosed income (loss) from continuing operations516(30)(41)  
Income (loss) from continuing operations:206132834(31)6
Income (loss) before gain (loss) on sale of properties:133734(31)6
Income (loss) from discontinued operations  0(10)   
Net income (loss):206133734(31)6
Net income (loss) attributable to noncontrolling interest    0(1)(6)
Other undisclosed net loss attributable to parent(0)(1)(1)   
Net income (loss) available to common stockholders, basic:206131734(33)(0)
Dilutive securities, effect on basic earnings per share121212   
Net income (loss) available to common stockholders, diluted:218144854(33)(0)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):206133734(31)6
Other comprehensive income (loss)(20)411(14)1928
Comprehensive income (loss):18617374(10)(12)34
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(1)(1)0(1)(8)
Comprehensive income (loss), net of tax, attributable to parent:18617274(10)(13)26

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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