ENGlobal Corporation (ENG) financial statements (2022 and earlier)

Company profile

Business Address 11740 KATY FWY
HOUSTON, TX 77079
State of Incorp. NV
Fiscal Year End December 31
SIC 8711 - Engineering Services (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 investments19,20213,7068,3076,0608,98815,6877,806
Cash and cash equivalents19,20213,7068,3076,0608,98815,6877,806
Receivables7,6927,83711,50810,3739,11410,67424,248
Prepaid expense917843816934   
Contract with customer, asset4,1774,0903,8623,175
Costs in excess of billings5,2732,4344,062
Other undisclosed current assets3,106   1,6541,0211,308
Total current assets:35,09426,47624,49320,54225,02929,81637,424
Noncurrent Assets
Property, plant and equipment1,6981,2631,0336771,0271,1942,145
Intangible assets, net (including goodwill)7207207207202,806(184)3,037
Goodwill7207207207202,8062,8062,806
Intangible assets, net (excluding goodwill)     (2,990)231
Other noncurrent assets4,5571,9792,440367390412688
Other undisclosed noncurrent assets     13,1988,906
Total noncurrent assets:6,9753,9624,1931,7644,22314,62014,776
TOTAL ASSETS:42,06930,43828,68622,30629,25244,43652,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,7105,1866,0445,4735,7814,9756,268
Accounts payable2,0012,1383,2613,1723,7422,8763,182
Accrued liabilities491      
Employee-related liabilities2,1833,0482,7832,3012,0392,0993,086
Taxes payable35      
Deferred revenue2,0541,258200
Debt2363,8271,041    
Billings in excess of cost1,3341,371 
Contract with customer, liability604
Other liabilities6677456817401,0671,2701,690
Other undisclosed current liabilities1,1641,4215,238   3,912
Total current liabilities:8,83112,43713,2046,8178,1827,61611,870
Noncurrent Liabilities
Long-term debt and lease obligation1,0353,3411,458 114318
Long-term debt, excluding current maturities1,0352,733     
Finance lease, liability 322 
Capital lease obligations 114318
Operating lease, liability 2861,458
Liabilities, other than long-term debt    (173)  
Deferred tax liabilities, net (173)  
Other undisclosed noncurrent liabilities4,012751  173  
Total noncurrent liabilities:5,0474,3781,458 114318
Total liabilities:13,87816,81514,6626,8178,1837,63012,188
Stockholders' equity
Stockholders' equity attributable to parent28,19113,62314,02415,48921,06936,80640,012
Common stock35282727272728
Additional paid in capital57,40337,15736,93436,93436,84336,32237,185
Retained earnings (accumulated deficit)(29,247)(23,562)(22,937)(21,472)(15,801)4572,799
Total stockholders' equity:28,19113,62314,02415,48921,06936,80640,012
TOTAL LIABILITIES AND EQUITY:42,06930,43828,68622,30629,25244,43652,200

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
Revenues36,41064,44956,44653,99655,76559,22479,605
Cost of revenue
(Cost of Goods and Services Sold)
(37,053)(55,998)(48,530)(47,063)(49,327)(49,112)(63,337)
Gross profit:(643)8,4517,9166,9336,43810,11216,268
Operating expenses(12,833)(8,834)(9,317)(12,116)(12,581)(13,350)(14,168)
Operating income (loss):(13,476)(383)(1,401)(5,183)(6,143)(3,238)2,100
Nonoperating income (expense)8,0631449(356)(104)(173)357
Foreign currency transaction gain, before tax4,974      
Interest and debt expense(212)(153)(31)(22) (38) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    7680(135)
Income (loss) from continuing operations before income taxes:(5,625)(522)(1,383)(5,561)(6,171)(3,369)2,322
Income tax expense (benefit)(60)(103)(83)(110)10,087(1,027)8,214
Net income (loss):(5,685)(625)(1,466)(5,671)3,916(4,396)10,536
Other undisclosed net income (loss) attributable to parent    (20,174)2,054 
Net income (loss) available to common stockholders, diluted:(5,685)(625)(1,466)(5,671)(16,258)(2,342)10,536

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):(5,685)(625)(1,466)(5,671)3,916(4,396)10,536
Other comprehensive income      10,536
Comprehensive income (loss), net of tax, attributable to parent:(5,685)(625)(1,466)(5,671)3,916(4,396)21,072

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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