Ampco-Pittsburgh Corporation (AP) financial statements (2022 and earlier)

Company profile

Business Address 726 BELL AVENUE
CARNEGIE, PA 15106
State of Incorp. PA
Fiscal Year End December 31
SIC 3561 - Pumps and Pumping Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,33716,8426,96019,71320,70038,57995,122
Cash and cash equivalents10,33716,8426,96019,71320,70038,57995,122
Receivables84,82976,36697,78369,44886,62372,23344,877
Inventory, net of allowances, customer advances and progress billings88,19873,24382,28994,196107,56183,57959,734
Inventory88,19873,24382,28994,196107,56183,57959,734
Disposal group, including discontinued operation   20,238   
Other current assets4,9335,3816,3807,27112,36314,0732,949
Other undisclosed current assets   17,00013,00013,00017,000
Total current assets:188,297171,832193,412227,866240,247221,464219,682
Noncurrent Assets
Finance lease, right-of-use asset3,882  
Operating lease, right-of-use asset4,0564,3444,263
Nontrade receivables105,297101,937120,932135,50887,342102,945108,423
Property, plant and equipment158,563162,098166,392185,661214,980214,408146,913
Long-term investments and receivables2,1752,1752,1752,1752,1752,0193,097
Long-term investments2,1752,1752,1752,1752,1752,0193,097
Intangible assets, net (including goodwill)6,2047,2177,6259,22511,02111,601 
Intangible assets, net (excluding goodwill)6,2047,2177,6259,22511,02111,601 
Other noncurrent assets6,90111,1128,7647,4968,2448,6287,472
Other undisclosed noncurrent assets10,2572,4932,9973,1881,5904,82420,569
Total noncurrent assets:297,335291,376313,148343,253325,352344,425286,474
TOTAL ASSETS:485,632463,208506,560571,119565,599565,889506,156
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60,18445,98255,53759,28070,24757,27023,142
Accounts payable44,23026,67833,27138,90047,47937,10413,959
Employee-related liabilities15,95419,30422,26620,38022,76820,1669,183
Debt20,00712,43620,36345,72819,33526,825 
Estimated litigation liability23,00022,00021,00024,00018,00018,00021,000
Disposal group, including discontinued operation   9,458   
Other liabilities21,21024,24026,72028,98737,08942,19723,880
Other undisclosed current liabilities641674612   13,311
Total current liabilities:125,042105,332124,232167,453144,671144,29281,333
Noncurrent Liabilities
Long-term debt and lease obligation, including:40,91224,80750,49431,88146,81825,389 
Long-term debt, excluding current maturities    46,81825,389 
Operating lease, liability3,4153,6703,651
Other undisclosed long-term debt and lease obligation37,49721,13746,84331,881   
Liabilities, other than long-term debt220,599242,997272,024278,652211,916245,783213,400
Liability, pension and other postretirement and postemployment benefits62,11481,83283,93672,65879,75091,94763,702
Estimated litigation liability157,314158,196186,633203,922131,750153,181148,849
Other liabilities1,1712,9691,4552,072416655849
Other undisclosed noncurrent liabilities7,2735,0734,194164433591 
Total noncurrent liabilities:268,784272,877326,712310,697259,167271,763213,400
Total liabilities:393,826378,209450,944478,150403,838416,055294,733
Stockholders' equity
Stockholders' equity attributable to parent82,57376,56448,90087,595158,941147,918211,423
Common stock19,18418,31212,65212,49512,36112,27110,440
Additional paid in capital174,561170,318156,251154,889152,992151,089128,840
Accumulated other comprehensive loss(55,106)(68,695)(68,662)(49,434)(44,760)(60,885)(57,599)
Retained earnings (accumulated deficit)(56,066)(43,371)(51,341)(30,355)38,34845,443129,742
Stockholders' equity attributable to noncontrolling interest9,2338,4356,7165,3742,8201,916 
Total stockholders' equity:91,80684,99955,61692,969161,761149,834211,423
TOTAL LIABILITIES AND EQUITY:485,632463,208506,560571,119565,599565,889506,156

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues344,920328,544397,904419,432432,401331,866238,480
Revenue, net432,401331,866238,480
Cost of revenue(293,071)(257,796)(326,157) (856)(1,936)(2,452)
Cost of goods and services sold(287,639)(257,513)(326,157) (856)(1,936)(2,452)
Gross profit:51,84970,74871,747419,432431,545329,930236,028
Operating expenses(65,465)(64,302)(82,655)(464,324)(441,770)(386,396)(233,433)
Other undisclosed operating income    8561,9362,452
Operating income (loss):(13,616)6,446(10,908)(44,892)(9,369)(54,530)5,047
Nonoperating income (expense)3,7872,2542,5411,085(4,324)(2,990)(527)
Investment income, nonoperating1,0841,3961,417533133481174
Other nonoperating income (expense)6,3024,9726,4664,682(932)(1,074)(475)
Interest and debt expense(3,599)(4,114)(5,342)(4,130)(3,525)(2,397)(226)
Other undisclosed income from continuing operations before equity method investments, income taxes 4,1145,3424,1303,5252,397226
Income (loss) from continuing operations before equity method investments, income taxes:(13,428)8,700(8,367)(43,807)(13,693)(57,520)4,520
Income (loss) from equity method investments   5001,036423(514)
Other undisclosed income from continuing operations before income taxes3,599      
Income (loss) from continuing operations before income taxes:(9,829)8,700(8,367)(43,307)(12,657)(57,097)4,006
Income tax expense (benefit)(2,305)470(2,108)(268)1,355(22,712)(2,633)
Income (loss) from continuing operations:(12,134)9,170(10,475)(43,575)(11,302)(79,809)1,373
Loss from discontinued operations  (9,085)(23,901)   
Net income (loss):(12,134)9,170(19,560)(67,476)(11,302)(79,809)1,373
Net loss attributable to noncontrolling interest(561)(1,200)(1,426)(1,859)(787)(11) 
Net income (loss) available to common stockholders, diluted:(12,695)7,970(20,986)(69,335)(12,089)(79,820)1,373

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(12,134)9,170(19,560)(67,476)(11,302)(79,809)1,373
Other comprehensive income (loss)13,826486(19,312)(4,219)22,330 7,304
Other undisclosed comprehensive income (loss)     (3,400)2,477
Comprehensive income (loss):1,6929,656(38,872)(71,695)11,028(83,209)11,154
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(798)(1,719)(1,342)(1,682)(904)103 
Other undisclosed comprehensive income, net of tax, attributable to parent      1,373
Comprehensive income (loss), net of tax, attributable to parent:8947,937(40,214)(73,377)10,124(83,106)12,527

Statements sources

The financial statements are based on the company's filings with the 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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