Weyco Group, Inc. (WEYS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
333 W ESTABROOK BOULEVARD GLENDALE, WI 43312 |
| State of Incorp. | WI |
| Fiscal Year End | December 31 |
| Industry (SIC) | 513 - Apparel, Piece Goods, And Notions (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 investments | 18,261 | 19,930 | 34,691 | 15,703 | 24,498 | 29,423 | |||
| Cash and cash equivalents | 16,876 | 19,711 | 32,476 | 9,799 | 22,973 | 23,453 | |||
| Short-term investments | 1,385 | 219 | 2,215 | 5,904 | 1,525 | 5,970 | |||
| Receivables | 54,243 | 53,782 | 36,005 | 51,532 | 51,533 | 50,120 | |||
| Inventory, net of allowances, customer advances and progress billings | 127,976 | 71,026 | 59,025 | 86,713 | 72,684 | 60,270 | |||
| Inventory | 127,976 | 71,026 | 59,025 | 86,713 | 72,684 | 60,270 | |||
| Other undisclosed current assets | 5,977 | 12,439 | 4,610 | 6,047 | 5,380 | 5,770 | |||
| Total current assets: | 206,457 | 157,177 | 134,331 | 159,995 | 154,095 | 145,583 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 13,428 | 9,543 | 9,613 | 18,753 | ✕ | ✕ | |||
| Property, plant and equipment | 28,812 | 29,202 | 30,759 | 32,214 | 28,707 | 31,643 | |||
| Long-term investments and receivables | 7,123 | 9,996 | 12,800 | 15,814 | 18,702 | 17,669 | |||
| Long-term investments | 7,123 | 9,996 | 12,800 | 15,814 | 18,702 | 17,669 | |||
| Intangible assets, net (including goodwill) | 45,935 | 47,085 | 43,980 | 43,980 | 43,980 | 44,090 | |||
| Goodwill | 12,317 | 12,317 | 11,112 | 11,112 | 11,112 | 11,112 | |||
| Intangible assets, net (excluding goodwill) | 33,618 | 34,768 | 32,868 | 32,868 | 32,868 | 32,978 | |||
| Deferred income tax assets | 1,038 | 1,063 | 1,235 | 2,487 | ✕ | ✕ | |||
| Other noncurrent assets | 23,827 | 23,601 | 24,001 | 23,674 | 23,283 | 23,097 | |||
| Other undisclosed noncurrent assets | 1,277 | 750 | |||||||
| Total noncurrent assets: | 120,163 | 120,490 | 122,388 | 136,922 | 115,949 | 117,249 | |||
| TOTAL ASSETS: | 326,620 | 277,667 | 256,719 | 296,917 | 270,044 | 262,832 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 32,373 | 30,915 | 20,100 | 28,322 | 30,290 | 25,164 | |||
| Interest and dividends payable | ✕ | ✕ | 2,355 | 2,308 | 2,228 | ||||
| Taxes payable | ✕ | ✕ | 991 | 1,123 | 1,116 | 1,682 | 1,182 | ||
| Employee-related liabilities | ✕ | ✕ | 5,948 | 4,019 | 5,894 | 6,426 | 6,184 | ||
| Accounts payable | 14,946 | 19,234 | 8,444 | 12,455 | 12,764 | 8,905 | |||
| Accrued liabilities | 17,427 | 4,742 | 6,514 | 6,502 | 7,110 | 6,665 | |||
| Debt | 31,136 | 13,554 | 5,840 | ||||||
| Other undisclosed current liabilities | 4,026 | 3,593 | 4,245 | ||||||
| Total current liabilities: | 67,535 | 34,508 | 24,345 | 41,876 | 36,130 | 25,164 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 7,520 | 7,734 | 14,110 | ||||||
| Liabilities, other than long-term debt | 35,180 | 34,244 | 36,715 | 30,937 | 28,331 | 32,009 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 3,724 | 2,069 | ||
| Deferred income tax liabilities | 8,530 | 5,026 | 2,914 | 3,085 | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 15,523 | 27,776 | 33,534 | 27,523 | 23,112 | 27,766 | |||
| Other liabilities | 466 | 1,442 | 267 | 329 | 1,495 | 2,174 | |||
| Operating lease, liability | 10,661 | 7,520 | 7,734 | 14,110 | ✕ | ✕ | |||
| Total noncurrent liabilities: | 35,180 | 41,764 | 44,449 | 45,047 | 28,331 | 32,009 | |||
| Total liabilities: | 102,715 | 76,272 | 68,794 | 86,923 | 64,461 | 57,173 | |||
| Equity | |||||||||
| Equity, attributable to parent | 223,905 | 201,395 | 187,925 | 209,994 | 205,583 | 198,537 | |||
| Common stock | 9,584 | 9,709 | 9,797 | 9,873 | 10,057 | 10,162 | |||
| Additional paid in capital | 70,475 | 68,718 | 67,178 | 65,832 | 64,263 | 55,884 | |||
| Accumulated other comprehensive loss | (20,193) | (24,794) | (28,005) | (24,536) | (21,572) | (17,859) | |||
| Retained earnings | 164,039 | 147,762 | 138,955 | 158,825 | 152,835 | 150,350 | |||
| Equity, attributable to noncontrolling interest | 7,122 | ||||||||
| Total equity: | 223,905 | 201,395 | 187,925 | 209,994 | 205,583 | 205,659 | |||
| TOTAL LIABILITIES AND EQUITY: | 326,620 | 277,667 | 256,719 | 296,917 | 270,044 | 262,832 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 351,737 | 267,641 | 195,375 | 304,011 | 298,375 | 283,749 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 283,749 | |
| Cost of revenue (Cost of Goods and Services Sold) | (207,344) | (160,194) | (116,817) | (180,049) | (178,295) | (173,056) | ||
| Gross profit: | 144,393 | 107,447 | 78,558 | 123,962 | 120,080 | 110,693 | ||
| Operating expenses | (104,028) | (81,745) | (86,156) | (96,922) | (94,621) | (87,281) | ||
| Operating income (loss): | 40,365 | 25,702 | (7,598) | 27,040 | 25,459 | 23,412 | ||
| Nonoperating income (expense) | 84 | 1,724 | 623 | 288 | 343 | 525 | ||
| Investment income, nonoperating | 361 | 641 | 527 | 823 | 981 | 773 | ||
| Other nonoperating income (expense) | (277) | 1,083 | 96 | (535) | (638) | (248) | ||
| Interest and debt expense | (710) | (81) | (79) | (244) | (45) | (15) | ||
| Income (loss) from continuing operations before income taxes: | 39,739 | 27,345 | (7,054) | 27,084 | 25,757 | 23,922 | ||
| Income tax expense | (10,199) | (6,790) | (1,431) | (6,202) | (5,798) | (7,223) | ||
| Income (loss) from continuing operations: | 29,540 | 20,555 | (8,485) | 20,882 | 19,959 | 16,699 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 20,555 | (8,485) | 20,882 | 19,959 | 16,699 | |
| Net income (loss): | 29,540 | 20,555 | (8,485) | 20,882 | 19,959 | 16,699 | ||
| Net income (loss) attributable to noncontrolling interest | 525 | (208) | ||||||
| Net income (loss) available to common stockholders, diluted: | 29,540 | 20,555 | (8,485) | 20,882 | 20,484 | 16,491 | ||
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): | 29,540 | 20,555 | (8,485) | 20,882 | 19,959 | 16,699 | ||
| Other comprehensive income (loss) | 4,601 | 3,211 | (3,469) | (2,964) | (713) | (864) | ||
| Comprehensive income (loss): | 34,141 | 23,766 | (11,954) | 17,918 | 19,246 | 15,835 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 997 | (634) | ||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 34,141 | 23,766 | (11,954) | 17,918 | 20,243 | 15,201 | ||
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.