GrafTech International Ltd. (EAF) Financial Statements (2024 and earlier)

Company Profile

Business Address 982 KEYNOTE CIRCLE
BROOKLYN HEIGHTS, OH 44131
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 362 - Electrical Industrial Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments134,64157,514145,44280,93549,880 
Cash and cash equivalents134,64157,514145,44280,93549,880 
Receivables145,574207,547182,647247,051248,286 
Inventory, net of allowances, customer advances and progress billings447,741289,432265,964313,648293,717156,111
Inventory447,741289,432265,964313,648293,717156,111
Prepaid expense 54,67849,05419,90823,87629,96219,080
Other current assets 19,60411,9023,3814,3324,6992,585
Other undisclosed current assets12,99012,40811,82512,73811,507 
Total current assets:815,228627,857629,167682,580638,051177,776
Noncurrent Assets
Property, plant and equipment519,146501,473506,217513,020513,705508,855
Intangible assets, net (including goodwill)171,117171,117171,117171,117171,117 
Goodwill171,117171,117171,117171,117171,117 
Deferred income tax assets11,96026,18732,551 
Other noncurrent assets86,72785,68493,660104,230110,911 
Other undisclosed noncurrent assets    55,21771,707 
Total noncurrent assets:788,950784,461803,545843,584867,440508,855
TOTAL ASSETS:1,604,1781,412,3181,432,7121,526,1641,505,491686,631
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities233,097230,614176,210192,208220,80411,439
Taxes payable57,09748,72065,17682,255 
Employee-related liabilities    11,439
Accounts payable103,156117,11270,98978,69788,097 
Accrued liabilities129,94156,40556,50148,33550,452 
Debt124127131141106,3238,852
Due to related parties4,6313,82821,75227,857  
Other undisclosed current liabilities      
Total current liabilities:237,852234,569198,093220,206327,12720,291
Noncurrent Liabilities
Long-term debt and lease obligation921,8031,029,5611,420,0001,812,6822,050,311356,580
Long-term debt, excluding current maturities921,8031,029,5611,420,0001,812,6822,050,311356,580
Liabilities, other than long-term debt106,808124,786144,004134,576204,822144,050
Deferred tax liabilities, net45,82542,900
Deferred income tax liabilities45,06540,67443,428 
Liability, pension and other postretirement and postemployment benefits      19,002
Due to related parties10,92115,45519,09862,01486,478 
Other liabilities50,82268,65781,47872,56272,51982,148
Total noncurrent liabilities:1,028,6111,154,3471,564,0041,947,2582,255,133500,630
Total liabilities:1,266,4631,388,9161,762,0972,167,4642,582,260520,921
Equity
Equity, attributable to parent337,71523,402(329,385)(691,073)(1,076,769) 
Common stock2,5662,6332,6722,7052,905 
Additional paid in capital745,164761,412758,354765,419819,622 
Accumulated other comprehensive loss(8,070)(7,444)(19,641)(7,361)(5,800) 
Accumulated deficit(401,945)(733,199)(1,070,770)(1,451,836)(1,893,496) 
Total equity:337,71523,402(329,385)(691,073)(1,076,769) 
Other undisclosed liabilities and equity   49,773  
TOTAL LIABILITIES AND EQUITY:1,604,1781,412,3181,432,7121,526,1641,505,491520,921

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2016
Revenues1,281,2501,345,7881,224,3611,790,7931,895,910437,963
Revenue, net437,963
Cost of revenue
(Cost of Goods and Services Sold)
(726,373)(701,335)(563,864)(750,390)(705,698) 
Gross profit:554,877644,453660,4971,040,4031,190,212437,963
Operating expenses(80,618)(136,379)(71,888)(66,358)(64,161)(32,014)
Operating income:474,259508,074588,609974,0451,126,051405,949
Nonoperating income (expense)10,06416,451(1,580)(494)(1,704) 
Investment income, nonoperating  1,7504,7091,657 
Net periodic defined benefits expense (reversal of expense), excluding service cost component  5,298   
Other nonoperating income (expense) 1,052740(3,330)(5,203)(3,361) 
Interest and debt expense(36,568)(68,760)(98,074)(127,331)(135,061) 
Income from continuing operations before equity method investments, income taxes:447,755455,765488,955846,220989,286405,949
Other undisclosed income (loss) from continuing operations before income taxes4,56364121,090(3,393)(86,478) 
Income from continuing operations before income taxes:452,318456,406510,045842,827902,808405,949
Income tax expense(69,356)(68,076)(75,671)(98,225)(48,920) 
Income from continuing operations:382,962388,330434,374744,602853,888405,949
Income before gain (loss) on sale of properties:388,330434,374744,602854,219405,949
Income from discontinued operations     331 
Net income:382,962388,330434,374744,602854,219405,949
Other undisclosed net loss attributable to parent      (641,792)
Net income (loss) available to common stockholders, basic:382,962388,330434,374744,602854,219(235,843)
Dilutive securities, effect on basic earnings per share     5 
Net income (loss) available to common stockholders, diluted:382,962388,330434,374744,602854,224(235,843)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2016
Net income:382,962388,330434,374744,602854,219405,949
Other comprehensive income (loss)(626)12,197(12,280)(1,561)(26,089) 
Comprehensive income:382,336400,527422,094743,041828,130405,949
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:382,336400,527422,094743,041828,130405,949

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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