Unitek Global Services Inc (UNTK) Financial Statements (2024 and earlier)

Company Profile

Business Address 1777 SENTRY PARKWAY WEST
BLUE BELL, PA 19422
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4812 - Radiotelephone Communications (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2014
MRQ
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,8423,836
Cash and cash equivalents 1,8423,836
Receivables 73,358102,490
Inventory, net of allowances, customer advances and progress billings15,18715,266
Inventory 15,18715,266
Prepaid expense 6,599
Other current assets 4,108
Prepaid expense and other current assets7,560
Costs in excess of billings 26,915 
Other undisclosed current assets (26,915) 
Total current assets: 101,094129,152
Noncurrent Assets
Property, plant and equipment 14,91226,393
Intangible assets, net (including goodwill)132,542163,933
Goodwill 98,579121,920
Intangible assets, net (excluding goodwill) 33,96342,013
Restricted cash and investments 16,767 
Other noncurrent assets 5,233
Prepaid expense and other noncurrent assets5,560
Deferred tax assets, net  1,365
Total noncurrent assets: 169,454197,251
TOTAL ASSETS: 270,548326,403
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 31,87158,611
Employee-related liabilities 7,9659,766
Accounts payable 23,90648,845
Debt 12,35111,138
Self insurance reserve  16,248
Other liabilities 17,29625,426
Billings in excess of cost 6,1494,646
Other undisclosed current liabilities 11,570(2,711)
Total current liabilities: 79,237113,358
Noncurrent Liabilities
Long-term debt and lease obligation 177,553161,054
Long-term debt, excluding current maturities 174,044153,014
Capital lease obligations 3,5098,040
Liabilities, other than long-term debt 2,2993,688
Deferred tax liabilities, net  706
Other liabilities 2,2992,982
Total noncurrent liabilities: 179,852164,742
Total liabilities: 259,089278,100
Equity
Equity, attributable to parent 11,45948,303
Additional paid in capital 275,274260,077
Accumulated other comprehensive income 8957
Accumulated deficit (263,904)(211,831)
Total equity: 11,45948,303
TOTAL LIABILITIES AND EQUITY: 270,548326,403

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

3/31/2014
TTM
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 471,933437,596
Cost of revenue
(Cost of Goods and Services Sold)
 (387,376)(356,794)
Gross profit: 84,55780,802
Operating expenses (89,778)(52,266)
Other undisclosed operating loss (6,854)(53,569)
Operating loss: (12,075)(25,033)
Nonoperating income
(Other Nonoperating income)
 7331,244
Interest and debt expense (39,701)(15,329)
Loss from continuing operations before income taxes: (51,043)(39,118)
Income tax expense (benefit) 552(353)
Loss from continuing operations: (50,491)(39,471)
Loss before gain (loss) on sale of properties: (50,491)(77,730)
Loss from discontinued operations  (38,259)
Net loss: (50,491)(77,730)
Other undisclosed net loss attributable to parent (1,582) 
Net loss available to common stockholders, diluted: (52,073)(77,730)

Comprehensive Income ($ in thousands)

3/31/2014
TTM
12/31/2013
12/31/2012
Net loss: (50,491)(77,730)
Comprehensive loss: (50,491)(77,730)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (1,550)39
Comprehensive loss, net of tax, attributable to parent: (52,041)(77,691)

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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