Houston Wire & Cable Company (HWCC) financial statements (2022 and earlier)

Company profile

Business Address 10201 NORTH LOOP EAST
HOUSTON, TX 77029
State of Incorp.
Fiscal Year End December 31
SIC 5063 - Electrical Apparatus and Equipment Wiring Supplies, and Construction Materials (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4,0961,393    
Cash and cash equivalents 4,0961,393    
Receivables41,27958,31860,22857,84546,62547,18261,818
Inventory, net of allowances, customer advances and progress billings68,470114,06994,32588,11579,78375,77788,958
Inventory68,470114,06994,32588,11579,78375,77788,958
Prepaid expense  7371,938570648565
Assets held-for-sale, not part of disposal group6,398     
Deferred tax assets   3,074 
Other undisclosed current assets2,0861,833    3,188
Total current assets:118,233178,316156,683147,898126,978126,681154,529
Noncurrent Assets
Operating lease, right-of-use asset10,87913,481
Property, plant and equipment7,45814,58911,45611,35511,26110,8998,954
Intangible assets, net (including goodwill)17,23932,63533,53234,36836,14820,85026,021
Goodwill9,84922,35322,35322,35322,77014,86617,520
Intangible assets, net (excluding goodwill)7,39010,28211,17912,01513,3785,9848,501
Other noncurrent assets507527456418591419309
Deferred tax assets, net  892264 
Other undisclosed noncurrent assets3,396600930    
Total noncurrent assets:39,47961,83246,37446,14148,89232,43235,284
TOTAL ASSETS:157,712240,148203,057194,039175,870159,113189,813
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,58837,11930,48525,27221,65415,94813,290
Accounts payable5,80913,85811,2538,4498,4066,3807,993
Accrued liabilities13,54723,26119,23216,82313,2489,5682,948
Employee-related liabilities      2,349
Taxes payable1,232      
Debt1,662  3,0283,1813,7013,113
Customer advances and deposits   62
Other undisclosed current liabilities4,0972,742    7,923
Total current liabilities:26,34739,86130,48528,30024,83519,64924,388
Noncurrent Liabilities
Long-term debt and lease obligation31,31694,68271,31673,55560,38839,18853,847
Long-term debt, excluding current maturities22,58083,50071,31673,55560,38839,18853,847
Operating lease, liability8,73611,182
Liabilities, other than long-term debt1,9701,9775781,126516275367
Deferred tax liabilities, net    175
Regulatory liability   100  96
Other liabilities1,9701,9775781,02651627596
Other undisclosed noncurrent liabilities6,185  314  (96)
Total noncurrent liabilities:39,47196,65971,89474,99560,90439,46354,118
Total liabilities:65,818136,520102,379103,29585,73959,11278,506
Stockholders' equity
Stockholders' equity attributable to parent91,894103,628100,67890,74490,131100,001111,307
Common stock21212121212121
Treasury stock, value(53,002)(57,323)(58,832)(60,619)(61,264)(60,689)(54,818)
Additional paid in capital48,79552,30453,51454,00653,82454,62154,871
Retained earnings96,080108,626105,97597,33697,550106,048111,233
Total stockholders' equity:91,894103,628100,67890,74490,131100,001111,307
TOTAL LIABILITIES AND EQUITY:157,712240,148203,057194,039175,870159,113189,813

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues286,017338,286356,858317,697261,644308,133390,011
Revenue, net317,697261,644308,133390,011
Cost of revenue
(Cost of Goods and Services Sold)
(222,968)(258,364)(271,650)(245,035)(208,694)(242,223)(304,073)
Gross profit:63,04979,92285,20872,66252,95065,91085,938
Operating expenses(74,380)(73,040)(71,310)(68,058)(59,485)(59,892)(60,515)
Operating income (loss):(11,331)6,88213,8984,604(6,535)6,01825,423
Interest and debt expense(1,887)(3,057)(2,907)(2,073)(845)(901)(1,168)
Income (loss) from continuing operations before income taxes:(13,218)3,82510,9912,531(7,380)5,11724,255
Income tax expense (benefit)636(1,275)(2,355)(2,753)1,374(3,073)(9,283)
Net income (loss) available to common stockholders, diluted:(12,582)2,5508,636(222)(6,006)2,04414,972

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(12,582)2,5508,636(222)(6,006)2,04414,972
Comprehensive income (loss), net of tax, attributable to parent:(12,582)2,5508,636(222)(6,006)2,04414,972

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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