CTS Corporation (CTS) financial statements (2023 and earlier)

Company profile

Business Address 4925 INDIANA AVENUE
LISLE, IL 60532
State of Incorp. IN
Fiscal Year End December 31
SIC 3672 - Printed Circuit Boards (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 investments141,46591,773100,241100,933113,572113,805156,928
Cash and cash equivalents141,46591,773100,241100,933113,572113,805156,928
Receivables82,19180,98178,00879,51870,58462,61254,563
Inventory, net of allowances, customer advances and progress billings49,50645,87042,23743,48636,59628,65224,600
Inventory49,50645,87042,23743,48636,59628,65224,600
Other current assets15,92714,60716,99215,42212,85710,63815,888
Total current assets:289,089233,231237,478239,359233,609215,707251,979
Noncurrent Assets
Operating lease, right-of-use asset21,59423,281 
Property, plant and equipment96,87697,437     
Intangible assets, net (including goodwill)179,686188,618191,271131,237138,000126,11468,623
Goodwill109,798109,497106,05671,05771,05761,74433,865
Intangible assets, net (excluding goodwill)69,88879,12185,21560,18066,94364,37034,758
Deferred income tax assets25,41524,250 
Other noncurrent assets2,4202,5903,0462,0432,0961,7431,336
Defined benefit plan, assets for plan benefits46,18333,779
Other undisclosed noncurrent assets49,38256,64281,87776,30177,74445,83958,544
Total noncurrent assets:375,373392,818276,194209,581217,840219,879162,282
Other undisclosed assets  129,68299,40188,24782,11169,872
TOTAL ASSETS:664,462626,049643,354548,341539,696517,697484,133
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities110,673101,63894,161103,993102,41297,123101,351
Accounts payable55,53750,48948,21951,97549,20140,04640,299
Accrued liabilities36,71838,17136,37837,34741,34445,70853,905
Employee-related liabilities18,41812,9789,56414,67111,86711,3697,147
Debt  2,787  1,006 
Other undisclosed current liabilities3,3933,294     
Total current liabilities:114,066104,93296,948103,993102,41298,129101,351
Noncurrent Liabilities
Long-term debt and lease obligation71,35477,763124,62650,00076,30089,10090,700
Long-term debt, excluding current maturities50,00054,60099,70050,00076,30089,10090,700
Operating lease, liability21,35423,16324,926
Liabilities, other than long-term debt15,46419,67210,92416,41917,17912,58610,428
Asset retirement obligations  6,6326,5107,2017,0062,703
Deferred tax liabilities, net3,9903,802  
Deferred income tax liabilities5,8947,010 
Liability, pension and other postretirement and postemployment benefits6,8867,466     
Other liabilities2,6845,1964,2925,9196,1765,5807,725
Other undisclosed noncurrent liabilities  5,637    
Total noncurrent liabilities:86,81897,435141,18766,41993,479101,686101,128
Total liabilities:200,884202,367238,135170,412195,891199,815202,479
Stockholders' equity
Stockholders' equity attributable to parent463,578423,682405,219377,929343,805317,882281,654
Common stock314,620311,190307,932306,697304,777302,832300,909
Treasury stock, value(381,308)(372,522)(364,442)(352,696)(343,256)(343,256)(343,256)
Additional paid in capital42,54941,65443,68942,82041,08440,52141,166
Accumulated other comprehensive loss(4,525)(95,921)(91,726)(97,739)(78,960)(93,194)(99,005)
Retained earnings492,242539,281509,766478,847420,160410,979381,840
Total stockholders' equity:463,578423,682405,219377,929343,805317,882281,654
TOTAL LIABILITIES AND EQUITY:664,462626,049643,354548,341539,696517,697484,133

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
Revenues512,925424,066468,999470,483422,993396,679382,310
Revenue, net422,993396,679382,310
Cost of revenue
(Cost of Goods and Services Sold)
(328,306)(285,003)(311,424)(305,510)(282,562)(256,251)(255,201)
Gross profit:184,619139,063157,575164,973140,431140,428127,109
Operating expenses(106,453)(92,104)(103,760)(103,935)(101,936)(77,262)(94,432)
Other undisclosed operating loss(1,687)(1,830)    (14,564)
Operating income:76,47945,12953,81561,03838,49563,16618,113
Nonoperating income (expense)(137,359)350(3,549)(2,935)1,758(5,921)(5,852)
Investment income, nonoperating8401,0471,7371,8261,2841,3053,073
Other nonoperating income (expense)(136,088)2,575(2,638)(2,676)3,817(3,524)(6,297)
Interest and debt expense(2,111)(3,272)(2,648)(2,085)(3,343)(3,702)(2,628)
Other undisclosed income from continuing operations before equity method investments, income taxes 3,2722,6482,0853,3433,7022,628
Income (loss) from continuing operations before equity method investments, income taxes:(62,991)45,47950,26658,10340,25357,24512,261
Other undisclosed income from continuing operations before income taxes2,111      
Income (loss) from continuing operations before income taxes:(60,880)45,47950,26658,10340,25357,24512,261
Income tax expense (benefit)19,014(10,793)(14,120)(11,571)(25,805)(22,865)(5,307)
Net income (loss) available to common stockholders, diluted:(41,866)34,68636,14646,53214,44834,3806,954

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):(41,866)34,68636,14646,53214,44834,3806,954
Other comprehensive income    13,476  
Comprehensive income (loss):(41,866)34,68636,14646,53227,92434,3806,954
Other undisclosed comprehensive income (loss), net of tax, attributable to parent91,396(4,195)6,013(1,346)7585,8115,228
Comprehensive income, net of tax, attributable to parent:49,53030,49142,15945,18628,68240,19112,182

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: