L.B. Foster Company (FSTR) financial statements (2022 and earlier)

Company profile

Business Address 415 HOLIDAY DR
PITTSBURGH, PA 15220
State of Incorp. PA
Fiscal Year End December 31
SIC 5051 - Metals Service Centers and Offices (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 investments10,3727,56414,17810,28237,67830,36333,312
Cash and cash equivalents10,3727,56414,17810,28237,67830,36333,312
Receivables64,41158,29878,57586,12376,58266,63278,487
Inventory, net of allowances, customer advances and progress billings62,871116,460119,301124,50497,54383,24396,396
Inventory62,871116,460119,301124,50497,54383,24396,396
Prepaid expense   43718814,1661,131
Other current assets14,14612,9974,6105,3269,1205,2005,148
Other undisclosed current assets27,679      
Total current assets:179,479195,319216,664226,672221,111199,604214,474
Noncurrent Assets
Finance lease, right-of-use asset151247 
Operating lease, right-of-use asset15,13116,069 
Property, plant and equipment  82,31486,85796,096103,973126,745
Long-term investments and receivables    1624,0315,321
Long-term investments    1624,0315,321
Intangible assets, net (including goodwill)51,17557,23763,07969,09477,22582,451216,679
Goodwill20,15220,34019,56519,25819,78518,93281,752
Intangible assets, net (excluding goodwill)31,02336,89743,51449,83657,44063,519134,927
Deferred income tax assets37,24238,481 
Other noncurrent assets1,3461,2041,2026261,9622,9643,215
Other undisclosed noncurrent assets58,07161,83841,912   226
Total noncurrent assets:163,116175,076188,507156,577175,445193,419352,186
TOTAL ASSETS:342,595370,395405,171383,249396,556393,023566,660
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities64,68579,70996,171104,88674,05654,19474,622
Accounts payable41,41154,78766,36178,26952,40437,74455,804
Accrued liabilities13,75715,74015,71413,6249,7648,9538,563
Employee-related liabilities9,5179,18214,09612,99311,8887,49710,255
Deferred revenue13,4117,144 
Debt981192,90562965610,3861,335
Disposal group, including discontinued operation 330     
Deferred revenue and credits6,61910,1367,5976,934
Contract with customer, liability8,446 
Other undisclosed current liabilities8,0008,0009,22212,0578,68210,1548,755
Total current liabilities:86,19495,302116,744124,19193,53082,33191,646
Noncurrent Liabilities
Long-term debt and lease obligation, including:31,15344,90555,28874,353129,310149,179167,419
Finance lease, liability53128 
Operating lease, liability12,27913,516 
Other undisclosed long-term debt and lease obligation18,82131,26155,28874,353129,310149,179167,419
Liabilities, other than long-term debt13,35915,84216,25822,58627,23728,26224,763
Deferred tax liabilities, net5,2879,74411,3718,926
Deferred income tax liabilities3,7534,085 
Other liabilities9,60611,75716,25817,29917,49316,89115,837
Other undisclosed noncurrent liabilities28,279      
Total noncurrent liabilities:72,79160,74771,54696,939156,547177,441192,182
Total liabilities:158,985156,049188,290221,130250,077259,772283,828
Stockholders' equity
Stockholders' equity attributable to parent183,092176,830169,862122,119146,479133,251282,832
Common stock111111111111111111111
Treasury stock, value(10,179)(12,703)(16,795)(18,165)(18,662)(19,336)(22,591)
Additional paid in capital43,27244,58349,20448,04045,01744,09846,681
Accumulated other comprehensive loss(18,845)(20,268)(20,183)(22,191)(17,767)(25,289)(17,940)
Retained earnings168,733165,107157,525114,324137,780133,667276,571
Stockholders' equity attributable to noncontrolling interest518      
Total stockholders' equity:183,610176,830169,862122,119146,479133,251282,832
Other undisclosed liabilities and equity 37,51647,01940,000   
TOTAL LIABILITIES AND EQUITY:342,595370,395405,171383,249396,556393,023566,660

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
Revenues513,620497,411655,057626,969536,377483,514624,523
Revenue, net536,377483,514624,523
Cost of revenue(427,318)(402,405)(533,685)(509,810)(433,125)(393,158)(490,870)
Cost of goods and services sold   (509,810)(433,125)(393,158)(490,870)
Gross profit:86,30295,006121,372117,159103,25290,356133,653
Operating expenses(81,831)(79,373)(98,321)(140,677)(89,272)(231,435)(185,230)
Other undisclosed operating income  13,46362,43113,705  
Operating income (loss):4,47115,63336,51438,91327,685(141,079)(51,577)
Nonoperating income (expense)3,0752,110(4,492)4616741,7515,791
Investment income, nonoperating    307228206
Other nonoperating income (expense)3,0752,110(4,492)4613671,5235,585
Interest and debt expense(2,956)(3,761)(4,920)(6,154)(8,377)(6,551)(4,378)
Income (loss) from continuing operations before equity method investments, income taxes:4,59013,98227,10233,22019,982(145,879)(50,164)
Income (loss) from equity method investments    6(1,290)(413)
Other undisclosed loss from continuing operations before income taxes  (9,705)(59,931)(11,946)  
Income (loss) from continuing operations before income taxes:4,59013,98217,397(26,711)8,042(147,169)(50,577)
Income tax expense (benefit)(1,119)11,84125,171(4,457)(3,929)5,5096,132
Income (loss) from continuing operations:3,47125,82342,568(31,168)4,113(141,660)(44,445)
Income (loss) from discontinued operations72(18,241)     
Net income (loss):3,5437,58242,568(31,168)4,113(141,660)(44,445)
Net income attributable to noncontrolling interest83      
Net income (loss) available to common stockholders, diluted:3,6267,58242,568(31,168)4,113(141,660)(44,445)

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):3,5437,58242,568(31,168)4,113(141,660)(44,445)
Other comprehensive income (loss)19(334)201(32)(164)(626)(368)
Comprehensive income (loss):3,5627,24842,769(31,200)3,949(142,286)(44,813)
Comprehensive income, net of tax, attributable to noncontrolling interest101      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,31418,4902,440(4,392)7,686(6,723)(5,680)
Comprehensive income (loss), net of tax, attributable to parent:4,97725,73845,209(35,592)11,635(149,009)(50,493)

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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