Servotronics, Inc. (SVT) financial statements (2021 and earlier)

Company profile

Business Address 1110 MAPLE ST
ELMA, NY 14059
State of Incorp. DE
Fiscal Year End December 31
SIC 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0291,1581,8492,1522,5982,3793,199
Cash and cash equivalents2,0291,1581,8492,1522,5982,3793,199
Receivables13,18310,94910,96910,87410,58610,7809,960
Inventory, net of allowances, customer advances and progress billings20,15119,87916,93415,66515,15014,65113,587
Inventory20,15119,87916,93415,66515,15014,65113,587
Prepaid expense416 210331314 149
Other current assets522387537658496495429
Total current assets:36,30132,37330,49929,68029,14428,30527,324
Noncurrent Assets
Property, plant and equipment12,71712,54712,66412,24311,87511,71311,502
Other noncurrent assets345486490433371376379
Other undisclosed noncurrent assets107295295295295409409
Total noncurrent assets:13,16913,32813,44912,97112,54112,49812,290
TOTAL ASSETS:49,47045,70143,94842,65141,68540,80339,614
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,7936,5516,8506,3745,2805,3835,599
Accounts payable4,4583,3373,6933,4272,4942,5792,546
Accrued liabilities1,0351,0108481,028865924560
Employee-related liabilities2,2832,1721,8881,9101,9081,7462,077
Taxes payable 14   121 
Interest and dividends payable171842191313416
Debt849844121723723723723
Other undisclosed current liabilities  723    
Total current liabilities:8,6427,3957,6947,0976,0036,1066,322
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,1703,3461,364728776821872
Long-term debt, excluding current maturities5,1703,3462,5292,2292,4102,5892,771
Other undisclosed long-term debt and lease obligation  (1,165)(1,501)(1,634)(1,768)(1,899)
Liabilities, other than long-term debt2,1261,8342,9242,8991,1151,0071,007
Asset retirement obligations2,1261,8341,8091,784   
Liability, pension and other postretirement and postemployment benefits  1,1151,1151,1151,0071,007
Total noncurrent liabilities:7,2965,1804,2883,6271,8911,8281,879
Total liabilities:15,93812,57511,98210,7247,8947,9348,201
Stockholders' equity
Stockholders' equity attributable to parent, including:33,53233,12631,91631,54131,51330,28028,722
Common stock523523523523523523523
Treasury stock, value(1,471)(1,516)(1,566)(1,606)(1,522)(1,566)(1,630)
Additional paid in capital14,35814,32614,29814,26414,25014,22614,192
Accumulated other comprehensive income (loss)9835353535(26)(26)
Retained earnings20,48420,31919,18718,88618,78817,78516,325
Other undisclosed stockholders' equity attributable to parent(460)(561)(561)(561)(561)(662)(662)
Total stockholders' equity:33,53233,12631,91631,54131,51330,28028,722
Other undisclosed liabilities and equity  503862,2782,5892,691
TOTAL LIABILITIES AND EQUITY:49,47045,70143,94842,65141,68540,80339,614

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues16,84012,36214,06712,00312,58412,76811,946
Cost of revenue
(Cost of Goods and Services Sold)
(13,591)(8,827)     
Other undisclosed gross profit  (10,798)(9,930)(9,413)(8,828) 
Gross profit:3,2493,5353,2692,0733,1713,94011,946
Operating expenses(2,914)(2,165)(2,405)(1,954)(1,968)(2,097)(2,013)
Operating income:3351,3708641191,2031,8439,933
Interest and debt expense(37)(31)(30)(27)(27)(28)(27)
Income from continuing operations before equity method investments, income taxes:2981,339834921,1761,8159,906
Other undisclosed income (loss) from continuing operations before income taxes37313027(60)23(9,022)
Income from continuing operations before income taxes:3351,3708641191,1161,838884
Income tax expense(170)(238)(150)(21)(113)(381)(177)
Net income available to common stockholders, diluted:1651,132714981,0031,457707

Comprehensive Income ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:1651,132714981,0031,457707
Comprehensive income:1651,132714981,0031,457707
Other undisclosed comprehensive income, net of tax, attributable to parent63   67  
Comprehensive income, net of tax, attributable to parent:2281,132714981,0701,457707

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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