Furmanite Corp (FRM) financial statements (2022 and earlier)

Company profile

Business Address 10370 RICHMOND AVENUE
HOUSTON, TX 77042
State of Incorp. DE
Fiscal Year End December 31
SIC 17 - Construction Special Trade Contractors (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,75333,24033,185
Cash and cash equivalents33,75333,24033,185
Receivables110,219106,85377,042
Inventory, net of allowances, customer advances and progress billings37,38335,44331,711
Inventory37,38335,44331,711
Prepaid expense and other current assets7,743
Deferred tax assets7,3008,7007,600
Other undisclosed current assets14,03512,45912
Total current assets:202,690196,695157,293
Noncurrent Assets
Property, plant and equipment51,93055,34742,243
Intangible assets, net (including goodwill)24,36026,56825,012
Goodwill15,89715,52415,524
Intangible assets, net (excluding goodwill)8,46311,0449,488
Other noncurrent assets9,990 
Deferred tax assets, net3,7004,3005,300
Other undisclosed noncurrent assets(8,499)2,2571,780
Total noncurrent assets:81,48188,47274,335
TOTAL ASSETS:284,171285,167231,628
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities80,40890,21267,488
Accounts payable18,87320,89521,595
Accrued liabilities33,60938,31225,728
Employee-related liabilities23,07326,55716,609
Taxes payable4,4854,4483,556
Interest and dividends payable368  
Debt2,4422,1112,190
Customer advances and deposits651
Other undisclosed current liabilities(27,434)(29,800)(19,239)
Total current liabilities:56,06762,52350,439
Noncurrent Liabilities
Long-term debt and lease obligation61,85363,19639,609
Long-term debt, excluding current maturities61,85363,19639,609
Liabilities, other than long-term debt27,68731,05223,701
Pension and other postretirement defined benefit plans, liabilities17,90518,536
Deferred tax liabilities, net3,9005,1001,200
Liability, pension and other postretirement and postemployment benefits17,115
Other liabilities6,6728,0473,965
Other undisclosed noncurrent liabilities(3,900)(5,100)(1,200)
Total noncurrent liabilities:85,64089,14862,110
Total liabilities:141,707151,671112,549
Stockholders' equity
Stockholders' equity attributable to parent142,464133,496119,079
Common stock4,8344,8114,783
Treasury stock, value(18,013)(18,013)(18,013)
Additional paid in capital139,312135,881134,521
Accumulated other comprehensive loss(21,453)(15,612)(14,614)
Retained earnings37,78426,42912,402
Total stockholders' equity:142,464133,496119,079
TOTAL LIABILITIES AND EQUITY:284,171285,167231,628

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

12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
529,197427,294326,492
Cost of revenue(407,648)(314,814)(235,345)
Cost of goods and services sold(397,629)(306,042)(233,337)
Gross profit:121,549112,48091,147
Operating expenses(100,862)(87,680)(83,635)
Operating income:20,68724,8007,512
Nonoperating expense
(Other Nonoperating expense)
(92)(616) 
Interest and debt expense(1,811)(1,341)(1,105)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (237)
Income from continuing operations before income taxes:18,78422,8436,170
Income tax expense (benefit)(7,429)(8,816)5,365
Net income:11,35514,02711,535
Other undisclosed net loss attributable to parent  (10,730)
Net income available to common stockholders, diluted:11,35514,027805

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net income:11,35514,02711,535
Other comprehensive loss(5,841)(998) 
Comprehensive income:5,51413,02911,535
Other undisclosed comprehensive loss, net of tax, attributable to parent  (12,822)
Comprehensive income (loss), net of tax, attributable to parent:5,51413,029(1,287)

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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