Williams Industrial Services Group Inc. (WLMS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
200 ASHFORD CENTER NORTH ATLANTA, GA 30338 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 16 - Heavy Construction Other Than Building Construction Contractors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Restricted cash and investments | 468 | 468 | 468 | 468 | 467 | 11,562 | |||
| Receivables | 31,033 | 35,204 | 27,549 | 38,218 | 22,724 | 26,060 | |||
| Contract with customer, asset, after allowance for credit loss | 12,812 | 12,683 | 7,969 | 7,225 | ✕ | ||||
| Deferred costs | 800 | ||||||||
| Other current assets | 6,258 | 11,049 | 6,457 | 2,483 | 1,735 | 4,006 | |||
| Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 11,487 | ||
| Other undisclosed current assets | 495 | 1,682 | 8,716 | 7,350 | 12,693 | 32,516 | |||
| Total current assets: | 51,066 | 61,886 | 51,159 | 55,744 | 37,619 | 85,631 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 273 | 335 | 1,712 | ||||||
| Intangible assets, net (including goodwill) | 47,900 | 47,900 | 47,900 | 47,900 | 47,900 | 47,900 | |||
| Goodwill | 35,400 | 35,400 | 35,400 | 35,400 | 35,400 | 35,400 | |||
| Intangible assets, net (excluding goodwill) | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | |||
| Deferred income tax assets | ✕ | ✕ | |||||||
| Other noncurrent assets | 8,275 | 5,712 | 5,712 | 8,549 | 1,650 | 573 | |||
| Other undisclosed noncurrent assets | 1,257 | 653 | 309 | ||||||
| Total noncurrent assets: | 57,432 | 54,265 | 53,921 | 56,722 | 49,885 | 50,185 | |||
| TOTAL ASSETS: | 108,498 | 116,151 | 105,080 | 112,466 | 87,504 | 135,816 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 20,607 | 24,556 | 22,010 | 25,936 | 13,812 | 12,561 | |||
| Employee-related liabilities | ✕ | ✕ | 12,388 | 15,800 | 9,318 | 10,859 | 7,481 | ||
| Accounts payable | 12,041 | 12,168 | 6,210 | 16,618 | 2,953 | 5,080 | |||
| Accrued liabilities | 8,566 | ||||||||
| Deferred revenue | 6,242 | 3,412 | 2,529 | 2,699 | ✕ | ✕ | |||
| Debt | 17,399 | 1,726 | 1,402 | 11,549 | 3,799 | ||||
| Disposal group, including discontinued operation | 110 | 316 | |||||||
| Other liabilities | 5,710 | 11,017 | 7,170 | 6,408 | 5,518 | 5,552 | |||
| Billings in excess of cost | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,049 | ||
| Other undisclosed current liabilities | 342 | 340 | 3,918 | 28,802 | |||||
| Total current liabilities: | 50,068 | 41,027 | 33,453 | 46,932 | 27,047 | 53,964 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 23,360 | 30,328 | 30,728 | 32,658 | 32,978 | 24,304 | |||
| Long-term debt, excluding current maturities | 23,360 | 30,328 | 30,728 | 32,658 | 32,978 | 24,304 | |||
| Liabilities, other than long-term debt | 10,672 | 8,339 | 4,538 | 6,226 | 4,078 | 12,311 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 2,682 | 9,921 | ||
| Deferred income tax liabilities | 2,268 | 2,442 | 2,440 | 2,198 | ✕ | ✕ | |||
| Disposal group, including discontinued operation, liabilities | 3,479 | 4,250 | |||||||
| Other liabilities | 4,925 | 1,647 | 2,098 | 4,028 | 1,396 | 2,390 | |||
| Other undisclosed noncurrent liabilities | 4,466 | 4,486 | 5,188 | 3,110 | |||||
| Total noncurrent liabilities: | 34,032 | 38,667 | 39,732 | 43,370 | 42,244 | 39,725 | |||
| Total liabilities: | 84,100 | 79,694 | 73,185 | 90,302 | 69,291 | 93,689 | |||
| Equity | |||||||||
| Equity, attributable to parent | 24,398 | 36,457 | 31,895 | 22,164 | 18,213 | 42,127 | |||
| Common stock | 264 | 261 | 256 | 198 | 197 | 193 | |||
| Treasury stock, value | (5) | (6) | (8) | (9) | (11) | (14) | |||
| Additional paid in capital | 94,151 | 92,227 | 90,292 | 81,964 | 80,424 | 78,910 | |||
| Accumulated other comprehensive income (loss) | (404) | (95) | 28 | 222 | |||||
| Accumulated deficit | (69,608) | (55,930) | (58,673) | (60,211) | (62,397) | (36,962) | |||
| Total equity: | 24,398 | 36,457 | 31,895 | 22,164 | 18,213 | 42,127 | |||
| TOTAL LIABILITIES AND EQUITY: | 108,498 | 116,151 | 105,080 | 112,466 | 87,504 | 135,816 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 238,119 | 304,946 | 269,051 | 245,787 | 188,918 | 186,982 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 186,982 | |
| Cost of revenue | (231,071) | (273,520) | (235,035) | (214,887) | (160,177) | (169,056) | ||
| Cost of goods and services sold | (231,071) | (273,520) | (235,035) | (214,887) | (169,056) | |||
| Gross profit: | 7,048 | 31,426 | 34,016 | 30,900 | 28,741 | 17,926 | ||
| Operating expenses | (27,235) | (24,549) | (24,477) | (25,471) | (39,070) | (39,970) | ||
| Operating income (loss): | (20,187) | 6,877 | 9,539 | 5,429 | (10,329) | (22,044) | ||
| Nonoperating income (expense) | 5,965 | (3,382) | (6,171) | (4,074) | (7,861) | (14,342) | ||
| Other nonoperating income | 11,474 | 1,619 | 1,367 | 1,958 | 1,129 | 45 | ||
| Interest and debt expense | (1,536) | (615) | (1,623) | (5,624) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (14,222) | 3,495 | 1,832 | 740 | (19,813) | (42,010) | ||
| Other undisclosed income from continuing operations before income taxes | 1,536 | 615 | 1,623 | 5,624 | ||||
| Income (loss) from continuing operations before income taxes: | (14,222) | 3,495 | 3,368 | 1,355 | (18,190) | (36,386) | ||
| Income tax expense (benefit) | 49 | (793) | (1,385) | (333) | 4,400 | 6,367 | ||
| Income (loss) from continuing operations: | (14,173) | 2,702 | 1,983 | 1,022 | (13,790) | (30,019) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 2,743 | 1,538 | 2,186 | (25,435) | (56,523) | ||
| Income (loss) from discontinued operations | 495 | 41 | (445) | 1,164 | (11,645) | (26,504) | ||
| Net income (loss): | (13,678) | 2,743 | 1,538 | 2,186 | (25,435) | (56,523) | ||
| Other undisclosed net income attributable to parent | ||||||||
| Net income (loss) available to common stockholders, diluted: | (13,678) | 2,743 | 1,538 | 2,186 | (25,435) | (56,523) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (13,678) | 2,743 | 1,538 | 2,186 | (25,435) | (56,523) | ||
| Comprehensive income (loss): | (13,678) | 2,743 | 1,538 | 2,186 | (25,435) | (56,523) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (309) | (123) | (194) | 222 | 9,513 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (13,987) | 2,620 | 1,344 | 2,408 | (25,435) | (47,010) | ||
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.