Sypris Solutions, Inc. (SYPR) Financial Statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,62011,6065,09510,7048,14415,2701,349
Cash and cash equivalents11,62011,6065,09510,7048,14415,2701,349
Restricted cash and investments     1,500 
Receivables8,4677,2347,4449,8819,3178,01012,394
Inventory, net of allowances, customer advances and progress billings30,10016,23620,78418,58417,64114,55820,192
Inventory30,10016,23620,78418,58417,64114,55820,192
Disposal group, including discontinued operation 4122,2331,4742,8988323,230
Other current assets5,8683,9484,2824,7552,0032,7304,459
Total current assets:56,05539,43639,83845,39840,00342,90041,624
Noncurrent Assets
Operating lease, right-of-use asset5,1406,1037,014
Property, plant and equipment14,14010,16111,67514,65515,57417,94322,178
Other noncurrent assets4,1705,0081,5291,5151,5781,7944,310
Total noncurrent assets:23,45021,27220,21816,17017,15219,73726,488
TOTAL ASSETS:79,50560,70860,05661,56857,15562,63768,112
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,73420,73921,84128,39220,79517,51422,972
Accounts payable11,9626,7349,34613,42710,4656,97311,311
Accrued liabilities19,64613,40912,49514,96510,33010,54111,661
Employee-related liabilities126596     
Debt1,3191,5791,5255938292083,846
Other undisclosed current liabilities937369     
Total current liabilities:33,99022,68723,36628,98521,62417,72226,818
Noncurrent Liabilities
Long-term debt and lease obligation8,34710,2409,2572,8043,3972,950 
Long-term debt, excluding current maturities 2,372     
Finance lease, liability3,4691,9272,351
Capital lease obligations2,8043,3972,950 
Operating lease, liability4,8785,9416,906
Liabilities, other than long-term debt17,01413,00614,00214,94515,20415,86711,582
Due to related parties6,4846,4776,4636,4496,4356,3755,500
Other liabilities10,5306,5297,5398,4968,7699,4926,082
Other undisclosed noncurrent liabilities868     10,000
Total noncurrent liabilities:26,22923,24623,25917,74918,60118,81721,582
Total liabilities:60,21945,93346,62546,73440,22536,53948,400
Stockholders' equity
Stockholders' equity attributable to parent, including:19,28614,77513,43114,83416,93026,09819,712
Common stock 213213214214213208
Treasury stock, value      (1)
Additional paid in capital154,904155,025154,702154,388153,858153,252152,077
Accumulated other comprehensive loss(22,994)(24,698)(24,051)(24,842)(25,551)(26,598)(25,760)
Accumulated deficit(112,842)(115,765)(117,433)(114,926)(112)(100,769)(106,812)
Other undisclosed stockholders' equity attributable to parent218   (111,479)  
Total stockholders' equity:19,28614,77513,43114,83416,93026,09819,712
TOTAL LIABILITIES AND EQUITY:79,50560,70860,05661,56857,15562,63768,112

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues97,43482,34687,89187,96982,29491,797145,323
Revenue, net82,29491,797145,323
Cost of revenue
(Cost of Goods and Services Sold)
(82,928)(70,781)(78,008)(80,397)(79,312)(91,048)(145,005)
Gross profit:14,50611,5659,8837,5722,982749318
Operating expenses(12,596)(11,475)(14,189)(11,868)(15,526)(23,507)(28,624)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
      (1,338)
Operating income (loss):1,91090(4,306)(4,296)(12,544)(22,758)(29,644)
Nonoperating income (expense)(645)(544)1,2568731,91335,5058,643
Net periodic defined benefits expense (reversal of expense), excluding service cost component   (584)
Other nonoperating income (expense)(645)(544)1,2561,4361,91335,5058,643
Interest and debt expense2,731(838)(903)(850)(809)(6,403)(4,223)
Other undisclosed income from continuing operations before equity method investments, income taxes   563   
Income (loss) from continuing operations before income taxes:3,996(1,292)(3,953)(3,710)(11,440)6,344(25,224)
Income tax expense (benefit)(1,073)2,9604205618(301)(1,992)
Net income (loss) attributable to parent:2,9231,668(3,949)(3,505)(10,822)6,043(27,216)
Other undisclosed net loss available to common stockholders, basic(12)    (184) 
Net income (loss) available to common stockholders, diluted:2,9111,668(3,949)(3,505)(10,822)5,859(27,216)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2,9231,668(3,949)(3,505)(10,822)6,043(27,216)
Other comprehensive loss   (230)(400)  
Comprehensive income (loss):2,9231,668(3,949)(3,735)(11,222)6,043(27,216)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,704(647)7919391,447(838)(725)
Comprehensive income (loss), net of tax, attributable to parent:4,6271,021(3,158)(2,796)(9,775)5,205(27,941)

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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