Bel Fuse Inc. (BELFA) financial statements (2022 and earlier)

Company profile

Business Address 206 VAN VORST ST.
JERSEY CITY, NJ 07302
State of Incorp. NJ
Fiscal Year End December 31
SIC 3677 - Electronic Coils, Transformers, and Other Inductors (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 investments61,75684,93972,28953,91169,35473,41185,040
Cash and cash equivalents61,75684,93972,28953,91169,35473,41185,040
Receivables87,13571,37276,09291,93978,80874,41686,268
Inventory, net of allowances, customer advances and progress billings139,383100,133107,276120,068107,71998,87198,510
Inventory139,383100,133107,276120,068107,71998,87198,510
Contract with customer, asset28,27514,13516,31815,799
Other current assets12,4679,63711,2068,79210,2188,74415,636
Total current assets:329,016280,216283,181290,509266,099255,442285,454
Noncurrent Assets
Operating lease, right-of-use asset21,25214,21718,504
Property, plant and equipment38,21034,50141,94343,93243,49548,75557,611
Intangible assets, net (including goodwill)87,64689,75594,35782,50689,54392,779209,461
Goodwill26,65123,96621,99319,81720,17717,951121,634
Intangible assets, net (excluding goodwill)60,99565,78972,36462,68969,36674,82887,827
Regulated entity, other noncurrent assets     2,600 
Deferred income tax assets4,4615,7053,731
Other noncurrent assets31,26129,47227,20126,08127,97326,35431,164
Other undisclosed noncurrent assets   4964,1558103,321
Total noncurrent assets:182,830173,650185,736153,015165,166171,298301,557
TOTAL ASSETS:511,846453,866468,917443,524431,265426,740587,011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities100,41368,25071,08788,46178,45578,78488,121
Accounts payable65,96039,77444,16956,17147,94747,23549,798
Accrued liabilities34,45328,47626,91832,29030,50831,54938,323
Deferred revenue2,2242,077 
Debt 5,48412,8662,5082,64111,39524,772
Liability for uncertainty in income taxes 2,400     
Other liabilities4,7197,4096,26515,0616,2042,1489,133
Other undisclosed current liabilities4,6561,916     
Total current liabilities:112,01287,53690,218106,03087,30092,327122,026
Noncurrent Liabilities
Long-term debt and lease obligation127,168118,358149,966111,705120,053129,850162,416
Long-term debt, excluding current maturities112,500110,294138,215111,705120,053129,850162,416
Operating lease, liability14,6688,06411,751
Liabilities, other than long-term debt63,92362,17360,68249,31965,95246,12969,447
Deferred tax liabilities, net1,1611,5671,46013,002
Deferred income tax liabilities1,4871,0301,726
Liability for uncertainty in income taxes28,43426,08926,90127,55327,94827,45840,295
Liability, pension and other postretirement and postemployment benefits23,90924,62021,54518,68319,13416,90015,576
Other liabilities10,09310,43410,5101,92217,303311574
Total noncurrent liabilities:191,091180,531210,648161,024186,005175,979231,863
Total liabilities:303,103268,067300,866267,054273,305268,306353,889
Stockholders' equity
Stockholders' equity attributable to parent, including:208,743185,799168,051176,470157,960158,434233,122
Additional paid in capital38,41936,13633,82631,38728,57527,24224,440
Accumulated other comprehensive loss(18,863)(18,063)(24,065)(24,838)(19,625)(31,297)(21,876)
Retained earnings187,935166,491157,063168,695147,807161,287229,371
Other undisclosed stockholders' equity attributable to parent1,2521,2351,2271,2261,2031,2021,187
Total stockholders' equity:208,743185,799168,051176,470157,960158,434233,122
TOTAL LIABILITIES AND EQUITY:511,846453,866468,917443,524431,265426,740587,011

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
Revenues543,494465,771492,412548,184491,611500,153567,080
Revenue, net491,611500,153567,080
Cost of revenue
(Cost of Goods and Services Sold)
(409,111)(346,041)(381,715)(438,414)(389,601)(400,245)(458,253)
Gross profit:134,383119,730110,697109,770102,01099,908108,827
Operating expenses(108,503)(102,315)(111,878)(79,937)(85,067)(71,005)(78,113)
Other undisclosed operating income (loss)5,3771,2521,664(222)(605)(105,415)(2,114)
Operating income (loss):31,25718,66748329,61116,338(76,512)28,600
Nonoperating income (expense)(388)(1,785)(2,337)   4,720
Investment income, nonoperating62      
Foreign currency transaction gain (loss), before tax(44)(2,168)110    
Other nonoperating income      4,720
Interest and debt expense(3,542)(4,746)(5,448)(5,317)(6,802)(6,662)(7,588)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (678)107622 
Income (loss) from continuing operations before income taxes:27,32712,136(7,302)23,6169,643(82,552)25,732
Income tax expense (benefit)(2,506)659(1,441)(2,907)(21,540)17,718(6,535)
Net income (loss) available to common stockholders, diluted:24,82112,795(8,743)20,709(11,897)(64,834)19,197

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):24,82112,795(8,743)20,709(11,897)(64,834)19,197
Other comprehensive income (loss)1,209(746)413(1,005)(54)(719)(9,928)
Comprehensive income (loss):26,03012,049(8,330)19,704(11,951)(65,553)9,269
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,009)6,748823(4,208)11,726(8,702) 
Comprehensive income (loss), net of tax, attributable to parent:24,02118,797(7,507)15,496(225)(74,255)9,269

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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