Ultra Clean Holdings Inc. (UCTT) Financial Statements (2024 and earlier)

Company Profile

Business Address 26462 CORPORATE AVENUE
HAYWARD, CA 94545
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q3
3/31/2023
Q3
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments307,000342,000320,800322,100358,800453,500
Cash and cash equivalents307,000342,000320,800322,100358,800453,500
Receivables180,800170,500178,600190,300253,700236,000
Inventory, net of allowances, customer advances and progress billings374,500378,300398,800433,000443,900405,100
Inventory374,500378,300398,800433,000443,900405,100
Other undisclosed current assets30,90035,00037,20035,80042,40041,500
Total current assets:893,200925,800935,400981,2001,098,8001,136,100
Noncurrent Assets
Operating lease, right-of-use asset151,700144,500128,300114,80099,00087,200
Property, plant and equipment328,300308,900306,500289,900279,600242,300
Intangible assets, net (including goodwill)480,500419,700425,300430,800436,700443,600
Goodwill265,200248,800248,800248,800248,800248,800
Intangible assets, net (excluding goodwill)215,300170,900176,500182,000187,900194,800
Deferred income tax assets3,10036,50037,00036,60036,00037,300
Other noncurrent assets10,90010,10011,20012,60010,8009,500
Total noncurrent assets:974,500919,700908,300884,700862,100819,900
TOTAL ASSETS:1,867,7001,845,5001,843,7001,865,9001,960,9001,956,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities240,600228,300223,500233,800306,000366,300
Employee-related liabilities47,500
Accounts payable192,900187,500183,500196,000253,500271,300
Accrued liabilities47,70040,80040,00037,80052,50047,500
Debt17,60017,60017,80022,70020,80020,100
Other liabilities33,70031,20035,40039,80045,30052,400
Other undisclosed current liabilities18,10016,50017,60017,40017,100(31,400)
Total current liabilities:310,000293,600294,300313,700389,200407,400
Noncurrent Liabilities
Long-term debt and lease obligation461,200464,100467,100470,000493,000578,200
Long-term debt, excluding current maturities461,200464,100467,100470,000493,000509,200
Liabilities, other than long-term debt199,300192,700176,100157,200141,70068,300
Deferred income tax liabilities19,00052,50052,40052,30052,20054,900
Other liabilities37,3009,2009,2009,3009,20013,400
Operating lease, liability143,000131,000114,50095,60080,30069,000
Total noncurrent liabilities:660,500656,800643,200627,200634,700646,500
Total liabilities:970,500950,400937,500940,9001,023,9001,053,900
Equity
Equity, attributable to parent838,900838,000849,800870,700887,900856,700
Common stock100100100100100100
Treasury stock, value(45,000)(39,100)(39,100)(29,600)(15,400)(3,300)
Additional paid in capital541,500537,300533,300534,300530,800526,500
Accumulated other comprehensive loss(4,400)(10,800)(9,500)(8,500)(5,400)(16,500)
Retained earnings346,700350,500365,000374,400377,800349,900
Equity, attributable to noncontrolling interest58,30057,10056,40054,30049,10045,400
Total equity:897,200895,100906,200925,000937,000902,100
TOTAL LIABILITIES AND EQUITY:1,867,7001,845,5001,843,7001,865,9001,960,9001,956,000

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q3
3/31/2023
Q3
12/31/2022
Q4
9/30/2022
Q3
Revenues444,700435,000421,500433,300566,400635,000
Cost of revenue(373,700)(369,800)(353,400)(360,300)(458,000)(510,600)
Gross profit:71,00065,20068,10073,000108,400124,400
Operating expenses(66,500)(59,500)(55,500)(60,600)(64,600)(88,100)
Operating income:4,5005,70012,60012,40043,80036,300
Interest and debt expense(12,900)(12,300)(11,800)(11,800)(10,800)(9,400)
Income (loss) from continuing operations before equity method investments, income taxes:(8,400)(6,600)80060033,00026,900
Other undisclosed income (loss) from continuing operations before income taxes600(900)(700)3,3003,900(1,900)
Income (loss) from continuing operations before income taxes:(7,800)(7,500)1003,90036,90025,000
Income tax expense (benefit)6,200(5,300)(8,300)(3,500)(8,500)(12,100)
Income (loss) from continuing operations:(1,600)(12,800)(8,200)40028,40012,900
Income before gain (loss) on sale of properties:12,900
Net income (loss):(1,600)(12,800)(8,200)40028,40012,900
Net loss attributable to noncontrolling interest(2,200)(1,700)(1,200)(3,800)(500)(3,200)
Net income (loss) available to common stockholders, diluted:(3,800)(14,500)(9,400)(3,400)27,9009,700

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q3
3/31/2023
Q3
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(1,600)(12,800)(8,200)40028,40012,900
Other comprehensive income (loss)5,500(2,300) (1,700)16,300(10,900)
Comprehensive income (loss):3,900(15,100)(8,200)(1,300)44,7002,000
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,400)(600)(2,200)(5,200)(5,700)4,500
Comprehensive income (loss), net of tax, attributable to parent:2,500(15,700)(10,400)(6,500)39,0006,500

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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