Universal Stainless & Alloy Products, Inc. (USAP) Financial Statements (2024 and earlier)

Company Profile

Business Address 600 MAYER ST
BRIDGEVILLE, PA 15017
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
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 investments2,0191181641703,696207
Cash and cash equivalents2,0191181641703,696207
Receivables30,96021,19218,10135,59532,61824,990
Inventory, net of allowances, customer advances and progress billings154,193140,684111,380147,402134,738116,663
Inventory154,193140,684111,380147,402134,738116,663
Other current assets10,3928,5677,4718,3003,7564,404
Total current assets:197,564170,561137,116191,467174,808146,264
Noncurrent Assets
Property, plant and equipment163,490159,162164,983176,061177,844174,444
Deferred income tax assets 143   
Other noncurrent assets2,137909947871668523
Total noncurrent assets:165,770160,071165,930176,932178,512174,967
TOTAL ASSETS:363,334330,632303,046368,399353,320321,231
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,96928,30314,45845,36152,31838,973
Employee-related liabilities4,3031,8264,4497,9394,075
Accounts payable38,17924,00012,63240,91244,37934,898
Accrued liabilities2,790     
Debt3,4192,39216,7133,9343,9074,707
Other liabilities1,1129432,7228302,9291,268
Total current liabilities:45,50031,63833,89350,12559,15444,948
Noncurrent Liabilities
Long-term debt and lease obligation, including:95,01566,85233,47160,41142,83975,006
Capital lease obligations1,0241,475
Finance lease, liability5,618 786519
Other undisclosed long-term debt and lease obligation89,39766,85232,21759,45841,81573,531
Liabilities, other than long-term debt3,0665,82110,0023,76514,3169,609
Deferred tax liabilities, net11,4819,605
Deferred income tax liabilities 2,4615,725 
Other liabilities3,0663,3604,2773,7652,8354
Operating lease, liability   468434
Other undisclosed noncurrent liabilities    10,962  
Total noncurrent liabilities:98,08172,67343,47375,13857,15584,615
Total liabilities:143,581104,31177,366125,263116,309129,563
Equity
Equity, attributable to parent219,753226,321225,680243,136237,011191,668
Common stock999998
Treasury stock, value    (2,311)(2,290)(2,290)
Additional paid in capital97,00295,59094,27694,98293,10058,514
Accumulated other comprehensive income (loss)13340(45)(31)1(93)
Retained earnings122,609130,682131,440150,487146,191135,529
Total equity:219,753226,321225,680243,136237,011191,668
TOTAL LIABILITIES AND EQUITY:363,334330,632303,046368,399353,320321,231

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues202,114155,934179,731243,007255,927202,643
Revenue, net202,643
Cost of revenue
(Cost of Goods and Services Sold)
(187,927)(147,963)(182,387)(215,369)(218,111)(179,609)
Gross profit:14,1877,971(2,656)27,63837,81623,034
Operating expenses(21,180)(20,243)(19,752)(20,347)(21,746)(18,797)
Operating income (loss):(6,993)(12,272)(22,408)7,29116,0704,237
Nonoperating income
(Other Nonoperating income)
6844451,12347482949
Interest and debt expense(4,388)7,786(3,009)(3,992)(4,302)(4,277)
Income (loss) from continuing operations before income taxes:(10,697)(4,041)(24,294)3,77312,5979
Income tax expense (benefit)2,6243,2835,247502(1,935)7,601
Income (loss) from continuing operations:(8,073)(758)(19,047)4,27510,6627,610
Income (loss) before gain (loss) on sale of properties:(758)(19,047)4,27510,6627,610
Net income (loss) available to common stockholders, diluted:(8,073)(758)(19,047)4,27510,6627,610

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(8,073)(758)(19,047)4,27510,6627,610
Comprehensive income (loss):(8,073)(758)(19,047)4,27510,6627,610
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9385(14)(32)94(114)
Comprehensive income (loss), net of tax, attributable to parent:(7,980)(673)(19,061)4,24310,7567,496

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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