Universal Electronics Inc. (UEIC) financial statements (2021 and earlier)

Company profile

Business Address 15147 N SCOTTSDALE RD
SCOTTSDALE, AZ 85254
State of Incorp. DE
Fiscal Year End December 31
SIC 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments74555045534259
Cash and cash equivalents74555045534259
Receivables139157155158145152144
Inventory, net of allowances, customer advances and progress billings145138149150144136147
Inventory145138149150144136147
Contract with customer, asset13222426262628
Other undisclosed current assets891212131817
Total current assets:379381389391380374395
Noncurrent Assets
Operating lease, right-of-use asset202020 
Property, plant and equipment9191949496101107
Intangible assets, net (including goodwill)68697172737475
Goodwill48484848484949
Intangible assets, net (excluding goodwill)20202223242627
Deferred income tax assets432 
Other noncurrent assets2222544
Other undisclosed noncurrent assets   23277
Total noncurrent assets:185185189191175187194
TOTAL ASSETS:564565578582556561589
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities189180187175169162177
Accounts payable103104114108107108117
Accrued liabilities35333632242021
Employee-related liabilities44403634343233
Taxes payable7412417
Debt688895107102104111
Other undisclosed current liabilities109981088
Total current liabilities:266278290289280273296
Noncurrent Liabilities
Long-term debt and lease obligation161616    
Operating lease, liability161616 
Liabilities, other than long-term debt811116121414
Accounts payable and accrued liabilities2222233
Deferred income tax liabilities244 
Other liabilities0000222
Business combination, contingent consideration, liability454581010
Other undisclosed noncurrent liabilities   21112
Total noncurrent liabilities:23262728131515
Total liabilities:290304317317293289312
Stockholders' equity
Stockholders' equity attributable to parent274262261265263272277
Common stock0000000
Treasury stock, value(278)(278)(277)(277)(276)(275)(269)
Additional paid in capital288285282279276274272
Accumulated other comprehensive loss(23)(26)(20)(19)(20)(22)(18)
Retained earnings286279277282283294293
Total stockholders' equity:274262261265263272277
TOTAL LIABILITIES AND EQUITY:564565578582556561589

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues175201194184170183163
Cost of revenue
(Cost of Goods and Services Sold)
(125)(154)(160)(144)(133)(142)(136)
Gross profit:50463440384027
Operating expenses(38)(40)(38)(38)(35)(36)(37)
Operating income (loss):116(4)235(10)
Nonoperating income (expense)(1)(0)0(0)(1)(2)36
Investment income, nonoperating      37
Other nonoperating income (expense)(1)(0)0(0)(1)(2)(1)
Interest and debt expense(1)(1)(1)(1)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes0   0  
Income (loss) from continuing operations before equity method investments, income taxes:105(5)(0)1125
Other undisclosed income (loss) from continuing operations before income taxes(0)000(0)00
Income (loss) from continuing operations before income taxes:105(5)(0)1125
Income tax expense(3)(3)(0)(1)(12)(0)(2)
Net income (loss) available to common stockholders, diluted:73(5)(1)(11)123

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):73(5)(1)(11)123
Other undisclosed comprehensive loss(3)   (4)  
Comprehensive income (loss):53(5)(1)(15)123
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6(5)(2)25(4)(5)
Comprehensive income (loss), net of tax, attributable to parent:10(3)(7)1(10)(3)18

Statements sources

The financial statements are based on the company's filings with the 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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