Sypris Solutions, Inc. (SYPR) Financial Statements (2024 and earlier)

Company Profile

Business Address 101 BULLITT LN
LOUISVILLE, KY 40222
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

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 investments21,64811,62011,6065,09510,7048,144
Cash and cash equivalents21,64811,62011,6065,09510,7048,144
Receivables8,0648,4677,2347,4449,8819,317
Inventory, net of allowances, customer advances and progress billings42,13330,10016,23620,78418,58417,641
Inventory42,13330,10016,23620,78418,58417,641
Disposal group, including discontinued operation   4122,2331,4742,898
Other current assets8,1335,8683,9484,2824,7552,003
Total current assets:79,97856,05539,43639,83845,39840,003
Noncurrent Assets
Operating lease, right-of-use asset4,2515,1406,1037,014
Property, plant and equipment15,53214,14010,16111,67514,65515,574
Other noncurrent assets4,3834,1705,0081,5291,5151,578
Total noncurrent assets:24,16623,45021,27220,21816,17017,152
TOTAL ASSETS:104,14479,50560,70860,05661,56857,155
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,95431,73420,73921,84128,39220,795
Employee-related liabilities126596   
Accounts payable17,63811,9626,7349,34613,42710,465
Accrued liabilities33,31619,64613,40912,49514,96510,330
Debt4,0001,3191,5791,525593829
Other undisclosed current liabilities1,168937369   
Total current liabilities:56,12233,99022,68723,36628,98521,624
Noncurrent Liabilities
Long-term debt and lease obligation2,5368,34710,2409,2572,8043,397
Long-term debt, excluding current maturities  2,372   
Capital lease obligations2,8043,397
Finance lease, liability2,5363,4691,9272,351
Liabilities, other than long-term debt25,17317,01413,00614,00214,94515,204
Due to related parties3,9896,4846,4776,4636,4496,435
Other liabilities17,47410,5306,5297,5398,4968,769
Operating lease, liability3,7104,8785,9416,906
Other undisclosed noncurrent liabilities738868    
Total noncurrent liabilities:28,44726,22923,24623,25917,74918,601
Total liabilities:84,56960,21945,93346,62546,73440,225
Equity
Equity, attributable to parent, including:19,57519,28614,77513,43114,83416,930
Common stock   213213214214
Additional paid in capital155,535154,904155,025154,702154,388153,858
Accumulated other comprehensive loss(20,845)(22,994)(24,698)(24,051)(24,842)(25,551)
Accumulated deficit(115,336)(112,842)(115,765)(117,433)(114,926)(112)
Other undisclosed equity, attributable to parent221218   (111,479)
Total equity:19,57519,28614,77513,43114,83416,930
TOTAL LIABILITIES AND EQUITY:104,14479,50560,70860,05661,56857,155

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues110,12197,43482,34687,89187,96982,294
Revenue, net82,294
Cost of revenue
(Cost of Goods and Services Sold)
(95,268)(82,928)(70,781)(78,008)(80,397)(79,312)
Gross profit:14,85314,50611,5659,8837,5722,982
Operating expenses(14,489)(12,596)(11,475)(14,189)(11,868)(15,526)
Operating income (loss):3641,91090(4,306)(4,296)(12,544)
Nonoperating income (expense)(800)(645)(544)1,2568731,913
Net periodic defined benefits expense (reversal of expense), excluding service cost component     (584)
Other nonoperating income (expense)(800)(645)(544)1,2561,4361,913
Interest and debt expense(1,110)2,731(838)(903)(850)(809)
Other undisclosed income from continuing operations before equity method investments, income taxes     563 
Income (loss) from continuing operations before income taxes:(1,546)3,996(1,292)(3,953)(3,710)(11,440)
Income tax expense (benefit)(948)(1,073)2,9604205618
Income (loss) from continuing operations:(2,494)2,9231,668(3,949)(3,505)(10,822)
Income (loss) before gain (loss) on sale of properties:2,9231,668(3,949)(3,505)(10,822)
Net income (loss) attributable to parent:(2,494)2,9231,668(3,949)(3,505)(10,822)
Other undisclosed net loss available to common stockholders, basic (12)    
Net income (loss) available to common stockholders, diluted:(2,494)2,9111,668(3,949)(3,505)(10,822)

Comprehensive Income ($ in thousands)

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):(2,494)2,9231,668(3,949)(3,505)(10,822)
Other comprehensive loss     (230)(400)
Comprehensive income (loss):(2,494)2,9231,668(3,949)(3,735)(11,222)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,1491,704(647)7919391,447
Comprehensive income (loss), net of tax, attributable to parent:(345)4,6271,021(3,158)(2,796)(9,775)

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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