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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3942,0191181641703,696
Cash and cash equivalents3942,0191181641703,696
Receivables39,03430,96021,19218,10135,59532,618
Inventory, net of allowances, customer advances and progress billings144,700154,193140,684111,380147,402134,738
Inventory144,700154,193140,684111,380147,402134,738
Other current assets11,69310,3928,5677,4718,3003,756
Total current assets:195,821197,564170,561137,116191,467174,808
Noncurrent Assets
Property, plant and equipment159,636163,490159,162164,983176,061177,844
Deferred income tax assets  143   
Other noncurrent assets1,2332,137909947871668
Total noncurrent assets:160,869165,770160,071165,930176,932178,512
TOTAL ASSETS:356,690363,334330,632303,046368,399353,320
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities41,34740,96928,30314,45845,36152,318
Employee-related liabilities4,3031,8264,4497,939
Accounts payable34,85538,17924,00012,63240,91244,379
Accrued liabilities6,4922,790    
Debt3,7333,4192,39216,7133,9343,907
Other liabilities8291,1129432,7228302,929
Total current liabilities:45,90945,50031,63833,89350,12559,154
Noncurrent Liabilities
Long-term debt and lease obligation, including:81,84695,01566,85233,47160,41142,839
Capital lease obligations1,024
Finance lease, liability 5,618 786519
Other undisclosed long-term debt and lease obligation81,84689,39766,85232,21759,45841,815
Liabilities, other than long-term debt2,8933,0665,82110,0023,76514,316
Deferred tax liabilities, net11,481
Deferred income tax liabilities2 2,4615,725 
Other liabilities2,8913,0663,3604,2773,7652,835
Operating lease, liability    468434
Other undisclosed noncurrent liabilities     10,962 
Total noncurrent liabilities:84,73998,08172,67343,47375,13857,155
Total liabilities:130,648143,581104,31177,366125,263116,309
Equity
Equity, attributable to parent226,042219,753226,321225,680243,136237,011
Common stock999999
Treasury stock, value     (2,311)(2,290)
Additional paid in capital98,63797,00295,59094,27694,98293,100
Accumulated other comprehensive income (loss)(123)13340(45)(31)1
Retained earnings127,519122,609130,682131,440150,487146,191
Total equity:226,042219,753226,321225,680243,136237,011
TOTAL LIABILITIES AND EQUITY:356,690363,334330,632303,046368,399353,320

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues285,943202,114155,934179,731243,007255,927
Cost of revenue
(Cost of Goods and Services Sold)
(244,404)(187,927)(147,963)(182,387)(215,369)(218,111)
Gross profit:41,53914,1877,971(2,656)27,63837,816
Operating expenses(27,783)(21,180)(20,243)(19,752)(20,347)(21,746)
Operating income (loss):13,756(6,993)(12,272)(22,408)7,29116,070
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(34)6844451,123474829
Interest and debt expense(8,414)(4,388)7,786(3,009)(3,992)(4,302)
Income (loss) from continuing operations before equity method investments, income taxes:5,308(10,697)(4,041)(24,294)3,77312,597
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:5,308(10,697)(4,041)(24,294)3,77312,597
Income tax expense (benefit)(398)2,6243,2835,247502(1,935)
Income (loss) from continuing operations:4,910(8,073)(758)(19,047)4,27510,662
Income (loss) before gain (loss) on sale of properties:(758)(19,047)4,27510,662
Net income (loss) available to common stockholders, diluted:4,910(8,073)(758)(19,047)4,27510,662

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):4,910(8,073)(758)(19,047)4,27510,662
Comprehensive income (loss):4,910(8,073)(758)(19,047)4,27510,662
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 9385(14)(32)94
Comprehensive income (loss), net of tax, attributable to parent:4,910(7,980)(673)(19,061)4,24310,756

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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