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)Annual | Quarterly
| 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 investments | 11,620 | 11,606 | 5,095 | 10,704 | 8,144 | 15,270 | 1,349 | ||
| Cash and cash equivalents | 11,620 | 11,606 | 5,095 | 10,704 | 8,144 | 15,270 | 1,349 | ||
| Restricted cash and investments | 1,500 | ||||||||
| Receivables | 8,467 | 7,234 | 7,444 | 9,881 | 9,317 | 8,010 | 12,394 | ||
| Inventory, net of allowances, customer advances and progress billings | 30,100 | 16,236 | 20,784 | 18,584 | 17,641 | 14,558 | 20,192 | ||
| Inventory | 30,100 | 16,236 | 20,784 | 18,584 | 17,641 | 14,558 | 20,192 | ||
| Disposal group, including discontinued operation | 412 | 2,233 | 1,474 | 2,898 | 832 | 3,230 | |||
| Other current assets | 5,868 | 3,948 | 4,282 | 4,755 | 2,003 | 2,730 | 4,459 | ||
| Total current assets: | 56,055 | 39,436 | 39,838 | 45,398 | 40,003 | 42,900 | 41,624 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5,140 | 6,103 | 7,014 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 14,140 | 10,161 | 11,675 | 14,655 | 15,574 | 17,943 | 22,178 | ||
| Other noncurrent assets | 4,170 | 5,008 | 1,529 | 1,515 | 1,578 | 1,794 | 4,310 | ||
| Total noncurrent assets: | 23,450 | 21,272 | 20,218 | 16,170 | 17,152 | 19,737 | 26,488 | ||
| TOTAL ASSETS: | 79,505 | 60,708 | 60,056 | 61,568 | 57,155 | 62,637 | 68,112 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 31,734 | 20,739 | 21,841 | 28,392 | 20,795 | 17,514 | 22,972 | ||
| Accounts payable | 11,962 | 6,734 | 9,346 | 13,427 | 10,465 | 6,973 | 11,311 | ||
| Accrued liabilities | 19,646 | 13,409 | 12,495 | 14,965 | 10,330 | 10,541 | 11,661 | ||
| Employee-related liabilities | 126 | 596 | |||||||
| Debt | 1,319 | 1,579 | 1,525 | 593 | 829 | 208 | 3,846 | ||
| Other undisclosed current liabilities | 937 | 369 | |||||||
| Total current liabilities: | 33,990 | 22,687 | 23,366 | 28,985 | 21,624 | 17,722 | 26,818 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,347 | 10,240 | 9,257 | 2,804 | 3,397 | 2,950 | |||
| Long-term debt, excluding current maturities | 2,372 | ||||||||
| Finance lease, liability | 3,469 | 1,927 | 2,351 | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 2,804 | 3,397 | 2,950 | |||
| Operating lease, liability | 4,878 | 5,941 | 6,906 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 17,014 | 13,006 | 14,002 | 14,945 | 15,204 | 15,867 | 11,582 | ||
| Due to related parties | 6,484 | 6,477 | 6,463 | 6,449 | 6,435 | 6,375 | 5,500 | ||
| Other liabilities | 10,530 | 6,529 | 7,539 | 8,496 | 8,769 | 9,492 | 6,082 | ||
| Other undisclosed noncurrent liabilities | 868 | 10,000 | |||||||
| Total noncurrent liabilities: | 26,229 | 23,246 | 23,259 | 17,749 | 18,601 | 18,817 | 21,582 | ||
| Total liabilities: | 60,219 | 45,933 | 46,625 | 46,734 | 40,225 | 36,539 | 48,400 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 19,286 | 14,775 | 13,431 | 14,834 | 16,930 | 26,098 | 19,712 | ||
| Common stock | 213 | 213 | 214 | 214 | 213 | 208 | |||
| Treasury stock, value | (1) | ||||||||
| Additional paid in capital | 154,904 | 155,025 | 154,702 | 154,388 | 153,858 | 153,252 | 152,077 | ||
| 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 parent | 218 | (111,479) | |||||||
| Total stockholders' equity: | 19,286 | 14,775 | 13,431 | 14,834 | 16,930 | 26,098 | 19,712 | ||
| TOTAL LIABILITIES AND EQUITY: | 79,505 | 60,708 | 60,056 | 61,568 | 57,155 | 62,637 | 68,112 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 97,434 | 82,346 | 87,891 | 87,969 | 82,294 | 91,797 | 145,323 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 82,294 | 91,797 | 145,323 | |
| 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: | 14,506 | 11,565 | 9,883 | 7,572 | 2,982 | 749 | 318 | |
| 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): | 1,910 | 90 | (4,306) | (4,296) | (12,544) | (22,758) | (29,644) | |
| Nonoperating income (expense) | (645) | (544) | 1,256 | 873 | 1,913 | 35,505 | 8,643 | |
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (584) | ✕ | ✕ | ✕ | ||||
| Other nonoperating income (expense) | (645) | (544) | 1,256 | 1,436 | 1,913 | 35,505 | 8,643 | |
| Interest and debt expense | 2,731 | (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) | 2,960 | 4 | 205 | 618 | (301) | (1,992) | |
| Net income (loss) attributable to parent: | 2,923 | 1,668 | (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: | 2,911 | 1,668 | (3,949) | (3,505) | (10,822) | 5,859 | (27,216) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,923 | 1,668 | (3,949) | (3,505) | (10,822) | 6,043 | (27,216) | |
| Other comprehensive loss | (230) | (400) | ||||||
| Comprehensive income (loss): | 2,923 | 1,668 | (3,949) | (3,735) | (11,222) | 6,043 | (27,216) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,704 | (647) | 791 | 939 | 1,447 | (838) | (725) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 4,627 | 1,021 | (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.