Horizon Global Corporation (HZN) financial statements (2022 and earlier)

Company profile

Business Address 47912 HALYARD DRIVE
PLYMOUTH, MI 48170
State of Incorp.
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (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 investments11,78044,97011,77027,65029,57050,24023,520
Cash and cash equivalents11,78044,97011,77027,65029,57050,24023,520
Restricted cash and investments5,4905,720     
Receivables80,72087,42071,680108,34091,77077,57063,050
Inventory, net of allowances, customer advances and progress billings162,830115,320136,650173,690171,500146,020119,470
Inventory162,830115,320136,650173,690171,500146,020119,470
Other undisclosed current assets12,34011,5108,5709,69010,95012,1605,120
Total current assets:273,160264,940228,670319,370303,790285,990211,160
Noncurrent Assets
Operating lease, right-of-use asset37,81047,31045,770
Property, plant and equipment71,61074,09075,830102,280113,02093,76045,890
Intangible assets, net (including goodwill)48,91061,59064,47090,710228,420206,91060,430
Goodwill 3,3604,35012,660138,190120,1904,410
Intangible assets, net (excluding goodwill)48,91058,23060,12078,05090,23086,72056,020
Deferred income tax assets1,7501,280430
Other noncurrent assets5,6807,2805,8706,30011,51017,3409,600
Deferred tax assets, net  9,3704,500
Other undisclosed noncurrent assets   2,6904,290  
Total noncurrent assets:165,760191,550192,370201,980357,240327,380120,420
TOTAL ASSETS:438,920456,490421,040521,350661,030613,370331,580
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities147,060158,620127,300188,950191,800175,230118,360
Accounts payable102,19099,52078,450123,130138,730111,45078,540
Accrued liabilities44,87059,10048,85065,82053,07063,78039,820
Debt3,78014,1204,31013,86016,71022,90010,130
Other undisclosed current liabilities11,01012,1809,880    
Total current liabilities:161,850184,920141,490202,810208,510198,130128,490
Noncurrent Liabilities
Long-term debt and lease obligation, including:333,000298,300205,050350,650258,880327,040178,610
Long-term debt, excluding current maturities297,070251,960236,550    
Operating lease, liability35,93046,34048,070
Other undisclosed long-term debt and lease obligation  (79,570)350,650258,880327,040178,610
Liabilities, other than long-term debt10,84017,69017,83019,96038,37056,14022,480
Deferred tax liabilities, net  25,7302,910
Deferred income tax liabilities1,9203,1304,040
Other liabilities8,92014,56013,79019,96038,37030,41019,570
Other undisclosed noncurrent liabilities(26,520)(20,570)48,07014,15014,870  
Total noncurrent liabilities:317,320295,420270,950384,760312,120383,180201,090
Total liabilities:479,170480,340412,440587,570520,630581,310329,580
Stockholders' equity
Stockholders' equity attributable to parent(33,690)(18,690)12,340(63,720)141,89032,3602,000
Common stock270260250250250210180
Treasury stock, value(10,000)(10,000)(10,000)(10,000)(10,000)  
Additional paid in capital170,990166,610163,240160,990159,49054,8001,260
Accumulated other comprehensive income (loss)(9,710)(6,540)(9,790)7,76010,010(8,340)2,470
Accumulated deficit(210,250)(178,530)(141,970)(222,720)(17,860)(14,310)(1,910)
Warrants and rights outstanding25,0109,51010,610    
Stockholders' equity attributable to noncontrolling interest(6,560)(5,160)(3,740)(2,500)(1,490)(300) 
Total stockholders' equity:(40,250)(23,850)8,600(66,220)140,40032,0602,000
TOTAL LIABILITIES AND EQUITY:438,920456,490421,040521,350661,030613,370331,580

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
Revenues782,120661,230690,450849,950892,980649,200575,510
Revenue, net892,980649,200575,510
Cost of revenue
(Cost of Goods and Services Sold)
(639,540)(540,680)(594,220)(706,070)(685,380)(488,850)(432,470)
Gross profit:142,580120,55096,230143,880207,600160,350143,040
Operating expenses(135,360)(127,460)(153,400)(312,130)(171,620)(153,510)(121,350)
Other undisclosed operating loss   (2,140)(1,220)(540)(2,120)
Operating income (loss):7,220(6,910)(57,170)(170,390)34,7606,30019,570
Nonoperating expense(12,530)(470)(5,390)(40,870)(29,780)(22,690)(12,550)
Foreign currency transaction loss, before tax(4,120)      
Other nonoperating expense(8,410)(470)(5,390)(13,130)(2,730)(2,610)(3,740)
Interest and debt expense(27,970)(31,680)(58,270)(27,740)(4,640)(20,080)(8,810)
Other undisclosed income from continuing operations before equity method investments, income taxes   27,7404,64020,0808,810
Income (loss) from continuing operations before income taxes:(33,280)(39,060)(120,830)(211,260)4,980(16,390)7,020
Income tax expense (benefit)1601,58010,8206,360(9,750)3,7301,280
Income (loss) from continuing operations:(33,120)(37,480)(110,010)(204,900)(4,770)(12,660)8,300
Income (loss) from discontinued operations (500)189,520    
Net income (loss):(33,120)(37,980)79,510(204,900)(4,770)(12,660)8,300
Net income attributable to noncontrolling interest1,4001,4201,2409401,220300 
Net income (loss) available to common stockholders, diluted:(31,720)(36,560)80,750(203,960)(3,550)(12,360)8,300

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):(33,120)(37,980)79,510(204,900)(4,770)(12,660)8,300
Other comprehensive income (loss)(3,170)3,250(290)(2,880)18,380(10,810)(10,150)
Comprehensive income (loss):(36,290)(34,730)79,220(207,780)13,610(23,470)(1,850)
Comprehensive income, net of tax, attributable to noncontrolling interest1,4001,4201,2401,0101,190  
Other undisclosed comprehensive income, net of tax, attributable to parent     300 
Comprehensive income (loss), net of tax, attributable to parent:(34,890)(33,310)80,460(206,770)14,800(23,170)(1,850)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: