PARTS iD, Inc. (ID) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1308 RACE STREET, SUITE 200 CINCINNATI, OH 45202 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7311 - Advertising Agencies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,796 | 23,203 | 22,203 | 568 | 1,180 | 1,752 | |||
| Cash and cash equivalents | 3,796 | 23,203 | 22,203 | 568 | 1,180 | 1,752 | |||
| Receivables | 1,331 | 2,157 | 2,236 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 2,505 | 5,755 | 4,856 | ||||||
| Inventory | 2,505 | 5,755 | 4,856 | ||||||
| Deferred costs | 1,463 | ||||||||
| Other undisclosed current assets | 2,312 | 4,875 | 5,811 | 26 | 53 | 136 | |||
| Total current assets: | 11,407 | 35,990 | 35,106 | 594 | 1,233 | 1,888 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,075 | ✕ | ✕ | ||||||
| Property, plant and equipment | 12,916 | 13,701 | 11,470 | ||||||
| Intangible assets, net (including goodwill) | 263 | 263 | 238 | ||||||
| Intangible assets, net (excluding goodwill) | 263 | 263 | 238 | ||||||
| Asset, held-in-trust | 302,529 | 304,035 | 300,403 | ||||||
| Deferred income tax assets | 2,315 | 1,100 | ✕ | ✕ | |||||
| Other noncurrent assets | 268 | 268 | |||||||
| Other undisclosed noncurrent assets | 248 | ||||||||
| Total noncurrent assets: | 14,502 | 16,546 | 13,076 | 302,529 | 304,035 | 300,403 | |||
| TOTAL ASSETS: | 25,909 | 52,536 | 48,182 | 303,123 | 305,268 | 302,291 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 42,197 | 46,813 | 41,100 | 2,225 | 607 | 436 | |||
| Taxes payable | ✕ | ✕ | 8 | 225 | 155 | ||||
| Accounts payable | 36,404 | 40,592 | 35,632 | 358 | 17 | 186 | |||
| Accrued liabilities | 5,793 | 6,221 | 5,469 | 1,859 | 365 | 95 | |||
| Debt | 4,203 | 20 | |||||||
| Due to related parties | 1,958 | ||||||||
| Other liabilities | 2,279 | 3,931 | 3,593 | ||||||
| Other undisclosed current liabilities | 4,337 | 16,186 | |||||||
| Total current liabilities: | 53,017 | 50,744 | 60,899 | 4,183 | 607 | 436 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 387 | 10,500 | 10,500 | 10,500 | |||||
| Deferred compensation liability, classified | 10,500 | 10,500 | 10,500 | ||||||
| Operating lease, liability | 387 | ✕ | ✕ | ||||||
| Total noncurrent liabilities: | 387 | 10,500 | 10,500 | 10,500 | |||||
| Other undisclosed liabilities | 15,498 | ||||||||
| Total liabilities: | 53,404 | 66,242 | 60,899 | 14,683 | 11,107 | 10,936 | |||
| Temporary equity, carrying amount | 283,440 | 289,161 | 286,355 | ||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (27,495) | (13,706) | (12,717) | 5,000 | 5,000 | 5,000 | |||
| Additional paid in capital | 11,108 | 6,974 | 847 | 2,234 | 5,040 | ||||
| Retained earnings (accumulated deficit) | (38,607) | (20,683) | (12,720) | 4,152 | 2,765 | (41) | |||
| Other undisclosed equity, attributable to parent | 3 | 3 | 3 | 1 | 1 | 1 | |||
| Total equity: | (27,495) | (13,706) | (12,717) | 5,000 | 5,000 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 25,909 | 52,536 | 48,182 | 303,123 | 305,268 | 302,291 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 340,596 | 448,669 | 400,832 | |||||
| Cost of revenue (Cost of Goods and Services Sold) | (276,920) | (358,439) | (315,027) | |||||
| Gross profit: | 63,676 | 90,230 | 85,805 | |||||
| Operating expenses | (79,285) | (99,366) | (84,485) | (3,775) | (1,623) | (154) | ||
| Other undisclosed operating income | 17,387 | |||||||
| Operating income (loss): | (15,609) | (9,136) | 1,321 | (3,775) | (1,623) | (154) | ||
| Interest and debt expense | (240) | (7) | (8) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 6,482 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (15,849) | (9,144) | 1,312 | 2,707 | (1,623) | (154) | ||
| Other undisclosed income from continuing operations before income taxes | 248 | 5,559 | 403 | |||||
| Income (loss) from continuing operations before income taxes: | (15,601) | (9,144) | 1,312 | 2,707 | 3,936 | 249 | ||
| Income tax expense (benefit) | (2,323) | 1,181 | 802 | (1,320) | (1,130) | (130) | ||
| Income (loss) from continuing operations: | (17,924) | (7,963) | 2,114 | 1,387 | 2,806 | 119 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (7,963) | 2,114 | 1,387 | 2,806 | 119 | ||
| Net income (loss) attributable to parent: | (17,924) | (7,963) | 2,114 | 1,387 | 2,806 | 119 | ||
| Preferred stock dividends and other adjustments | (30,443) | |||||||
| Other undisclosed net income available to common stockholders, basic | 15,000 | |||||||
| Net income (loss) available to common stockholders, diluted: | (17,924) | (7,963) | (13,329) | 1,387 | 2,806 | 119 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (17,924) | (7,963) | 2,114 | 1,387 | 2,806 | 119 | ||
| Other comprehensive loss | (7) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (17,924) | (7,963) | 2,114 | 1,387 | 2,799 | 119 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.