Broadwind, Inc. (BWEN) financial statements (2023 and earlier)

Company profile

Business Address 3240 S. CENTRAL AVENUE
CICERO, IL 60804
State of Incorp. DE
Fiscal Year End December 31
SIC 336 - Nonferrous Foundries (castings) (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 investments8523,3722,4161,1777821,87012,615
Cash and cash equivalents8523,3722,4161,1777818,6996,436
Short-term investments     3,1716,179
Restricted cash and investments     3983
Receivables13,80215,33718,31017,45513,64411,8659,784
Inventory, net of allowances, customer advances and progress billings33,37726,72431,86322,67019,27921,15924,219
Inventory33,37726,72431,86322,67019,27921,15924,219
Contract with customer, asset1,1362,253  
Disposal group, including discontinued operation    5808084,403
Other undisclosed current assets3,1582,9092,1241,7761,7982,4491,530
Total current assets:52,32550,59554,71343,07835,37958,19052,634
Noncurrent Assets
Operating lease, right-of-use asset18,02919,32115,980
Property, plant and equipment43,65545,19546,94049,08755,69354,60651,906
Intangible assets, net (including goodwill), including:3,4534,1864,91911,59516,0784,5725,016
Goodwill   4,9934,993  
Intangible assets, net (excluding goodwill)3,4534,1864,9196,60216,0784,5725,016
Other undisclosed intangible assets, net (including goodwill)    (4,993)  
Other noncurrent assets585385314398207294351
Other undisclosed noncurrent assets   (4,993)4,993  
Total noncurrent assets:65,72269,08768,15356,08776,97159,47257,273
TOTAL ASSETS:118,047119,682122,86699,165112,350117,662109,907
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,11624,48726,78715,42416,14924,28221,956
Accounts payable16,46218,18021,87611,61811,75615,85213,822
Accrued liabilities3,6546,3074,9113,8064,3938,4308,134
Debt8,7102,83314,78912,89715,0144653,246
Disposal group, including discontinued operation   27304931,613
Customer advances and deposits9,79118,0119,940
Other undisclosed current liabilities13,85720,65122,71723,507   
Total current liabilities:42,68347,97164,29351,85540,98443,25136,755
Noncurrent Liabilities
Long-term debt and lease obligation21,06330,94617,7691,9791,7383,6382,600
Long-term debt, excluding current maturities1779,3815051,4087972,6002,600
Finance lease, liability2,4811,996673
Capital lease obligations5719411,038 
Operating lease, liability18,40519,56916,591
Liabilities, other than long-term debt167104441,9693,5572,1903,060
Other liabilities167104441,9693,5572,1903,060
Total noncurrent liabilities:21,23031,05017,8133,9485,2955,8285,660
Total liabilities:63,91379,02182,10655,80346,27949,07942,415
Stockholders' equity
Stockholders' equity attributable to parent54,13440,66140,76043,36266,07168,58367,492
Common stock20171716151515
Treasury stock, value(1,842)(1,842)(1,842)(1,842)(1,842)(1,842)(1,842)
Additional paid in capital395,372384,749383,361381,441380,005378,876378,104
Accumulated deficit(339,416)(342,263)(340,776)(336,253)(312,107)(308,466)(308,785)
Total stockholders' equity:54,13440,66140,76043,36266,07168,58367,492
TOTAL LIABILITIES AND EQUITY:118,047119,682122,86699,165112,350117,662109,907

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
Revenues145,619198,496178,220125,380146,785180,840199,156
Revenue, net 180,840199,156
Cost of revenue
(Cost of Goods and Services Sold)
    (138,626)(162,701)(191,289)
Other undisclosed gross profit(140,108)(180,495)(162,808)(122,315)   
Gross profit:5,51118,00115,4123,0658,15918,1397,867
Operating expenses(18,105)(17,579)(17,769)(28,131)(15,592)(16,230)(19,775)
Operating income (loss):(12,594)422(2,357)(25,066)(7,433)1,909(11,908)
Nonoperating income (expense)15,466(1,861)(2,191)859(795)(576)(374)
Other nonoperating income7,4441231182,355349425
Interest and debt expense(395)(210)(106)2,249 77 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 210106(2,249)   
Income (loss) from continuing operations before equity method investments, income taxes:2,477(1,439)(4,548)(24,207)(8,228)1,410(12,282)
Other undisclosed income (loss) from continuing operations before income taxes395    (77) 
Income (loss) from continuing operations before income taxes:2,872(1,439)(4,548)(24,207)(8,228)1,333(12,282)
Income tax expense (benefit)(25)(48)(38)2055,045236
Income (loss) from continuing operations:2,847(1,487)(4,586)(24,002)(3,183)1,335(12,246)
Income from discontinued operations      2,096
Income (loss) before gain (loss) on sale of properties:2,847(1,487)(4,586)(24,002)(3,183)1,335(10,150)
Other undisclosed net income (loss)  63(144)(458)  
Net income (loss) attributable to parent:2,847(1,487)(4,523)(24,146)(3,641)1,335(10,150)
Other undisclosed net loss available to common stockholders, basic     (1,016)(11,657)
Net income (loss) available to common stockholders, diluted:2,847(1,487)(4,523)(24,146)(3,641)319(21,807)

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):2,847(1,487)(4,523)(24,146)(3,641)1,335(10,150)
Comprehensive income (loss), net of tax, attributable to parent:2,847(1,487)(4,523)(24,146)(3,641)1,335(10,150)

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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