CPI Aerostructures, Inc. (CVU) Financial Statements (2023 and Earlier)

Company Profile

Business Address 200A EXECUTIVE DR
EDGEWOOD, NY 11717
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

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 investments6,0344,0524,1281,4311,0401,002
Cash and cash equivalents6,0344,0524,1281,4311,0401,002
Receivables5,0037,5059,0585,3808,5157,666
Inventory, net of allowances, customer advances and progress billings6,3865,8919,712   
Inventory6,3865,8919,712   
Contract with customer, asset19,73015,281113,333
Costs in excess of billings111,15999,579102,622
Other undisclosed current assets5352,1033,9732,4132,1551,065
Total current assets:37,68734,831140,205120,382111,288112,356
Noncurrent Assets
Operating lease, right-of-use asset4,0753,887
Nontrade receivables  435   
Property, plant and equipment2,5223,2832,5452,0472,2992,359
Intangible assets, net (including goodwill)2,0342,159    
Goodwill1,7841,784    
Intangible assets, net (excluding goodwill)250375    
Other noncurrent assets191179250188252108
Other undisclosed noncurrent assets  2791,5673,9531,890
Total noncurrent assets:8,8229,5083,5093,8026,5044,357
TOTAL ASSETS:46,50944,340143,714124,184117,792116,713
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,03210,57311,57617,15115,42019,626
Accounts payable12,0938,2009,90215,13014,02718,379
Accrued liabilities5,9382,3731,5581,9111,3861,058
Taxes payable111151096189
Deferred revenue1,6513,562
Debt256385335176175111
Provision for loss on contracts   1721,377550
Billings in excess of cost75115175
Contract with customer, liability3,805
Other undisclosed current liabilities10,0746,46026,13924,67223,60524,600
Total current liabilities:30,01220,98041,85442,24540,69345,063
Noncurrent Liabilities
Long-term debt and lease obligation, including:678546593555584295
Long-term debt, excluding current maturities6,2051,7653,8767,0198,861484
Operating lease, liability2,5372,597
Other undisclosed long-term debt and lease obligation(8,064)(3,815)(3,284)(6,464)(8,277)(189)
Liabilities, other than long-term debt  4,560607633634
Deferred tax liabilities, net4,029   
Other liabilities  531607633634
Other undisclosed noncurrent liabilities26,26530,5543,2846,4648,277189
Total noncurrent liabilities:29,48131,1008,4367,6279,4931,118
Total liabilities:59,49352,08050,29049,87150,18646,180
Stockholders' equity
Stockholders' equity attributable to parent, including:(12,984)(7,740)93,42374,31367,60670,532
Common stock12121299 
Additional paid in capital72,00671,29570,65153,77152,82552,137
Accumulated other comprehensive loss   (15)(9)(3)
Retained earnings (accumulated deficit)(85,002)(79,047)22,76020,54914,78118,390
Other undisclosed stockholders' equity attributable to parent     9
Total stockholders' equity:(12,984)(7,740)93,42374,31367,60670,532
TOTAL LIABILITIES AND EQUITY:46,50944,340143,714124,184117,792116,713

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues87,58587,51983,92981,28381,330100,203
Revenue, net81,28381,330100,203
Cost of revenue(77,825)(78,387)(65,765)(62,637)(77,011)(83,601)
Cost of goods and services sold   (62,637)(77,011)(83,601)
Gross profit:9,7609,13218,16418,6464,31916,602
Operating expenses(12,046)(11,563)(9,529)(8,450)(8,614)(7,636)
Operating income (loss):(2,286)(2,431)8,63510,196(4,295)8,966
Nonoperating expense(1,422)(2,015)(1,961)(1,719)(1,379)(959)
Interest and debt expense(1,422)(2,105)(1,989)(1,699)(1,357)(918)
Income (loss) from continuing operations before equity method investments, income taxes:(5,130)(6,551)4,6856,779(7,031)7,089
Other undisclosed income from continuing operations before income taxes1,4222,1051,9891,6991,357918
Income (loss) from continuing operations before income taxes:(3,708)(4,446)6,6758,478(5,675)8,007
Income tax expense (benefit)53(4)(4,463)(2,710)2,066(2,991)
Net income (loss) available to common stockholders, diluted:(3,655)(4,450)2,2125,768(3,609)5,016

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(3,655)(4,450)2,2125,768(3,609)5,016
Other comprehensive income  15   
Comprehensive income (loss):(3,655)(4,450)2,2265,768(3,609)5,016
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (6)(6)6
Comprehensive income (loss), net of tax, attributable to parent:(3,655)(4,450)2,2265,762(3,614)5,022

Statements Sources

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