Hutchinson Technology Inc (HTCH) financial statements (2022 and earlier)

Company profile

Business Address 40 W HIGHLAND PARK
State of Incorp. MN
Fiscal Year End September 30
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments40,41938,90440,603
Cash and cash equivalents39,45437,93939,403
Short-term investments9659651,200
Restricted cash and investments2,6423,024 
Inventory, net of allowances, customer advances and progress billings40,14848,97844,285
Other current assets3,5884,3236,383
Other undisclosed current assets(2,642)(3,024)3,214
Total current assets:102,722119,070116,165
Noncurrent Assets
Property, plant and equipment134,509153,169186,914
Intangible assets, net (including goodwill)  (1,202)
Intangible assets, net (excluding goodwill)  (1,202)
Other noncurrent assets4,2812,9263,596
Other undisclosed noncurrent assets  1,202
Total noncurrent assets:138,790156,095190,510
TOTAL ASSETS:241,512275,165306,675
Current Liabilities
Accounts payable and accrued liabilities36,34234,77329,601
Accounts payable19,87719,05523,535
Accrued liabilities4,2396,4066,066
Employee-related liabilities9,3889,312 
Interest and dividends payable2,838  
Other undisclosed current liabilities2,188 9,251
Total current liabilities:41,53085,61343,954
Noncurrent Liabilities
Long-term debt and lease obligation, including:122,15691,632125,991
Long-term debt, excluding current maturities124,88787,168123,023
Capital lease obligations4,2204,4642,968
Other undisclosed long-term debt and lease obligation(6,951)  
Liabilities, other than long-term debt1,6491,891524
Deferred revenue and credits1,6491,891524
Total noncurrent liabilities:123,80593,523126,515
Total liabilities:165,335179,136170,469
Stockholders' equity
Stockholders' equity attributable to parent70,87594,828134,233
Common stock335281276
Additional paid in capital452,165433,308431,909
Accumulated other comprehensive loss(4,309)(543)(148)
Accumulated deficit(377,316)(338,218)(297,804)
Total stockholders' equity:70,87594,828134,233
Other undisclosed liabilities and equity5,3021,2011,973
TOTAL LIABILITIES AND EQUITY:241,512275,165306,675

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

Revenue, net252,823261,087249,596
Cost of revenue
(Cost of Goods and Services Sold)
Other undisclosed gross profit 7,5447,785
Gross profit:30,03223,90116,425
Operating expenses(47,423)(47,445)(41,268)
Other undisclosed operating income (loss)63(57)98
Operating loss:(17,328)(23,601)(24,745)
Nonoperating expense(7,447)(3,741)(452)
Investment income, nonoperating407398
Foreign currency transaction loss, before tax(3,949)(2,076) 
Other nonoperating expense(3,538)(1,738)(550)
Interest and debt expense(18,346)(15,909)(10,135)
Other undisclosed income from continuing operations before equity method investments, income taxes3,9492,076272
Loss from continuing operations before equity method investments, income taxes:(39,172)(41,175)(35,060)
Other undisclosed income from continuing operations before income taxes  35,069
Income (loss) from continuing operations before income taxes:(39,172)(41,175)9
Income tax expense (benefit)74761(16)
Net loss:(39,098)(40,414)(7)
Other undisclosed net loss attributable to parent  (35,069)
Net loss available to common stockholders, diluted:(39,098)(40,414)(35,076)

Comprehensive Income ($ in thousands)

Net loss:(39,098)(40,414)(7)
Other comprehensive loss(3,766)(395)(19)
Comprehensive loss:(42,864)(40,809)(26)
Other undisclosed comprehensive loss, net of tax, attributable to parent  (35,069)
Comprehensive loss, net of tax, attributable to parent:(42,864)(40,809)(35,095)

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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