Tile Shop Holdings, Inc. (TTSH) Financial Statements (2024 and earlier)

Company Profile

Business Address 14000 CARLSON PARKWAY
PLYMOUTH, MN 55441
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 57 - Home Furniture, Furnishings, And Equipment Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2023
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 investments5,9489,3589,6179,1045,5576,621
Cash and cash equivalents5,9489,3589,6179,1045,5576,621
Restricted cash and investments 1,811655655815825855
Receivables3,41110,12511,0916,4606,6328,107
Inventory, net of allowances, customer advances and progress billings120,95297,17574,29697,620110,09585,259
Inventory120,95297,17574,29697,620110,09585,259
Other current assets10,4229,7698,9958,1807,1814,717
Other undisclosed current assets 3,859     
Total current assets:146,403127,082104,654122,179130,290105,559
Noncurrent Assets
Operating lease, right-of-use asset118,501123,101132,374137,737✕✕
Property, plant and equipment71,09582,28599,035130,461158,356151,405
Deferred income tax assets6,5366,9535,3417,196✕✕
Other noncurrent assets3,2871,3371,2862,2411,7592,107
Deferred tax assets, net✕✕✕✕✕7,22511,654
Total noncurrent assets:199,419213,676238,036277,635167,340165,166
TOTAL ASSETS:345,822340,758342,690399,814297,630270,725
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities55,42269,52349,58142,85750,51653,201
Taxes payable✕✕390938717917
Accounts payable23,50630,88415,38218,18125,85330,771
Accrued liabilities31,91638,24934,10624,58924,48422,413
Debt   27,22326,993 8,833
Self insurance reserve1,100800    
Other undisclosed current liabilities26,76927,390    
Total current liabilities:83,29197,71376,80469,85050,51662,034
Noncurrent Liabilities
Long-term debt and lease obligation 45,400115,261122,678194,72553,43618,758
Long-term debt, excluding current maturities 45,4005,000 63,00053,00018,182
Capital lease obligations✕✕✕✕✕436576
Finance lease, liability    274✕✕
Liabilities, other than long-term debt108,3625,5604,1464,34047,33146,059
Deferred revenue and credits✕✕✕✕✕✕41,290
Deferred rent credit     43,579✕
Other liabilities5,0095,5604,1464,3403,7524,769
Operating lease, liability103,353110,261122,678131,451✕✕
Total noncurrent liabilities:153,762120,821126,824199,065100,76764,817
Total liabilities:237,053218,534203,628268,915151,283126,851
Equity
Equity, attributable to parent108,769122,224139,062130,899146,347143,874
Common stock455555
Additional paid in capital127,997126,920158,556156,482172,255180,109
Accumulated other comprehensive income (loss)(52)12(12)(70)(56)(1)
Accumulated deficit(19,180)(4,713)(19,487)(25,518)(25,857)(36,239)
Total equity:108,769122,224139,062130,899146,347143,874
TOTAL LIABILITIES AND EQUITY:345,822340,758342,690399,814297,630270,725

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues394,702370,700325,057340,351357,254344,600
Revenue, net✕✕✕✕✕✕344,600
Cost of revenue
(Cost of Goods and Services Sold)		(135,765)(117,570)(103,532)(104,232)(105,915)(108,378)
Gross profit:258,937253,130221,525236,119251,339236,222
Operating expenses(236,328)(232,520)(215,149)(237,476)(233,201)(210,376)
Operating income (loss):22,60920,6106,376(1,357)18,13825,846
Nonoperating income
(Other Nonoperating income)		      170
Interest and debt expense(1,579)(656)(1,874)(3,792)(2,690)(1,857)
Income (loss) from continuing operations before equity method investments, income taxes:21,03019,9544,502(5,149)15,44824,159
Other undisclosed income from continuing operations before income taxes    12152 
Income (loss) from continuing operations before income taxes:21,03019,9544,502(5,137)15,60024,159
Income tax expense (benefit)(5,327)(5,180)1,529674(5,158)(13,340)
Income (loss) from continuing operations:15,70314,7746,031(4,463)10,44210,819
Income (loss) before gain (loss) on sale of properties:✕✕14,7746,031(4,463)10,44210,819
Net income (loss) available to common stockholders, diluted:15,70314,7746,031(4,463)10,44210,819

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):15,70314,7746,031(4,463)10,44210,819
Comprehensive income (loss):15,70314,7746,031(4,463)10,44210,819
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(64)2458(14)(55)45
Comprehensive income (loss), net of tax, attributable to parent:15,63914,7986,089(4,477)10,38710,864

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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