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 investments | 852 | 3,372 | 2,416 | 1,177 | 78 | 21,870 | 12,615 | ||
| Cash and cash equivalents | 852 | 3,372 | 2,416 | 1,177 | 78 | 18,699 | 6,436 | ||
| Short-term investments | 3,171 | 6,179 | |||||||
| Restricted cash and investments | 39 | 83 | |||||||
| Receivables | 13,802 | 15,337 | 18,310 | 17,455 | 13,644 | 11,865 | 9,784 | ||
| Inventory, net of allowances, customer advances and progress billings | 33,377 | 26,724 | 31,863 | 22,670 | 19,279 | 21,159 | 24,219 | ||
| Inventory | 33,377 | 26,724 | 31,863 | 22,670 | 19,279 | 21,159 | 24,219 | ||
| Contract with customer, asset | 1,136 | 2,253 | ✕ | ✕ | ✕ | ||||
| Disposal group, including discontinued operation | 580 | 808 | 4,403 | ||||||
| Other undisclosed current assets | 3,158 | 2,909 | 2,124 | 1,776 | 1,798 | 2,449 | 1,530 | ||
| Total current assets: | 52,325 | 50,595 | 54,713 | 43,078 | 35,379 | 58,190 | 52,634 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 18,029 | 19,321 | 15,980 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 43,655 | 45,195 | 46,940 | 49,087 | 55,693 | 54,606 | 51,906 | ||
| Intangible assets, net (including goodwill), including: | 3,453 | 4,186 | 4,919 | 11,595 | 16,078 | 4,572 | 5,016 | ||
| Goodwill | 4,993 | 4,993 | |||||||
| Intangible assets, net (excluding goodwill) | 3,453 | 4,186 | 4,919 | 6,602 | 16,078 | 4,572 | 5,016 | ||
| Other undisclosed intangible assets, net (including goodwill) | (4,993) | ||||||||
| Other noncurrent assets | 585 | 385 | 314 | 398 | 207 | 294 | 351 | ||
| Other undisclosed noncurrent assets | (4,993) | 4,993 | |||||||
| Total noncurrent assets: | 65,722 | 69,087 | 68,153 | 56,087 | 76,971 | 59,472 | 57,273 | ||
| TOTAL ASSETS: | 118,047 | 119,682 | 122,866 | 99,165 | 112,350 | 117,662 | 109,907 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 20,116 | 24,487 | 26,787 | 15,424 | 16,149 | 24,282 | 21,956 | ||
| Accounts payable | 16,462 | 18,180 | 21,876 | 11,618 | 11,756 | 15,852 | 13,822 | ||
| Accrued liabilities | 3,654 | 6,307 | 4,911 | 3,806 | 4,393 | 8,430 | 8,134 | ||
| Debt | 8,710 | 2,833 | 14,789 | 12,897 | 15,014 | 465 | 3,246 | ||
| Disposal group, including discontinued operation | 27 | 30 | 493 | 1,613 | |||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 9,791 | 18,011 | 9,940 | ||
| Other undisclosed current liabilities | 13,857 | 20,651 | 22,717 | 23,507 | |||||
| Total current liabilities: | 42,683 | 47,971 | 64,293 | 51,855 | 40,984 | 43,251 | 36,755 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 21,063 | 30,946 | 17,769 | 1,979 | 1,738 | 3,638 | 2,600 | ||
| Long-term debt, excluding current maturities | 177 | 9,381 | 505 | 1,408 | 797 | 2,600 | 2,600 | ||
| Finance lease, liability | 2,481 | 1,996 | 673 | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 571 | 941 | 1,038 | |||
| Operating lease, liability | 18,405 | 19,569 | 16,591 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 167 | 104 | 44 | 1,969 | 3,557 | 2,190 | 3,060 | ||
| Other liabilities | 167 | 104 | 44 | 1,969 | 3,557 | 2,190 | 3,060 | ||
| Total noncurrent liabilities: | 21,230 | 31,050 | 17,813 | 3,948 | 5,295 | 5,828 | 5,660 | ||
| Total liabilities: | 63,913 | 79,021 | 82,106 | 55,803 | 46,279 | 49,079 | 42,415 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 54,134 | 40,661 | 40,760 | 43,362 | 66,071 | 68,583 | 67,492 | ||
| Common stock | 20 | 17 | 17 | 16 | 15 | 15 | 15 | ||
| Treasury stock, value | (1,842) | (1,842) | (1,842) | (1,842) | (1,842) | (1,842) | (1,842) | ||
| Additional paid in capital | 395,372 | 384,749 | 383,361 | 381,441 | 380,005 | 378,876 | 378,104 | ||
| Accumulated deficit | (339,416) | (342,263) | (340,776) | (336,253) | (312,107) | (308,466) | (308,785) | ||
| Total stockholders' equity: | 54,134 | 40,661 | 40,760 | 43,362 | 66,071 | 68,583 | 67,492 | ||
| TOTAL LIABILITIES AND EQUITY: | 118,047 | 119,682 | 122,866 | 99,165 | 112,350 | 117,662 | 109,907 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 145,619 | 198,496 | 178,220 | 125,380 | 146,785 | 180,840 | 199,156 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 180,840 | 199,156 | ||
| 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: | 5,511 | 18,001 | 15,412 | 3,065 | 8,159 | 18,139 | 7,867 | |
| 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 income | 7,444 | 123 | 118 | 2,355 | 3 | 49 | 425 | |
| Interest and debt expense | (395) | (210) | (106) | 2,249 | 77 | |||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 210 | 106 | (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 taxes | 395 | (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) | 205 | 5,045 | 2 | 36 | |
| 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.