LGL Group, Inc. (The) (LGL) financial statements (2022 and earlier)

Company profile

Business Address 2525 SHADER ROAD
ORLANDO, FL 32804
State of Incorp. DE
Fiscal Year End December 31
SIC 3679 - Electronic Components, Not Elsewhere Classified (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 investments45,18324,12218,08419,28317,0535,5485,553
Cash and cash equivalents29,01618,33112,45315,50813,2502,7785,553
Short-term investments16,1675,7915,6313,7753,8032,770 
Receivables4,6674,1224,4453,3943,3933,5042,606
Inventory, net of allowances, customer advances and progress billings5,4925,2806,0164,4663,8753,6383,546
Inventory5,4925,2806,0164,4663,8753,6383,546
Other undisclosed current assets494257365242229200247
Total current assets:55,83633,78128,91027,38524,55012,89011,952
Noncurrent Assets
Operating lease, right-of-use asset396422331
Property, plant and equipment3,3832,7852,8312,0862,1792,7113,165
Intangible assets, net (including goodwill)252327402477552628475
Goodwill40404040404040
Intangible assets, net (excluding goodwill)212287362437512588435
Deferred income tax assets343,052 
Other noncurrent assets516102 101203211
Deferred tax assets, net127173214 
Other undisclosed noncurrent assets 3,0726,641    
Total noncurrent assets:4,0709,67410,3072,6903,0053,7563,851
TOTAL ASSETS:59,90643,45539,21730,07527,55516,64615,803
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6033,3974,3242,7522,6272,7552,076
Accounts payable1,4551,2651,8651,4181,4771,525987
Accrued liabilities 808627191278288320
Employee-related liabilities1,5491,3241,8321,143872942769
Taxes payable599      
Other liabilities823      
Total current liabilities:4,4263,3974,3242,7522,6272,7552,076
Noncurrent Liabilities
Long-term debt and lease obligation, including: 293     
Other undisclosed long-term debt and lease obligation 293     
Liabilities, other than long-term debt737      
Deferred income tax liabilities124  
Other liabilities613      
Total noncurrent liabilities:737293     
Total liabilities:5,1633,6904,3242,7522,6272,7552,076
Stockholders' equity
Stockholders' equity attributable to parent54,74339,76534,89327,32324,92813,89113,727
Common stock53535049472727
Treasury stock, value(580)(580)(580)(580)(580)(580)(572)
Additional paid in capital45,81745,47741,57641,02340,03529,17329,106
Accumulated other comprehensive income (loss)    35(3)40
Retained earnings (accumulated deficit)9,453(5,185)(6,153)(13,169)(14,609)(14,726)(14,874)
Total stockholders' equity:54,74339,76534,89327,32324,92813,89113,727
TOTAL LIABILITIES AND EQUITY:59,90643,45539,21730,07527,55516,64615,803

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
Revenues28,14031,16231,89724,87022,40220,89120,713
Revenue, net22,40220,89120,713
Cost of revenue
(Cost of Goods and Services Sold)
(18,069)(20,233)(19,381)(15,211)(14,661)(13,858)(13,863)
Gross profit:10,07110,92912,5169,6597,7417,0336,850
Other undisclosed operating loss(10,857)(9,514)(9,077)(8,229)(7,465)(7,194)(7,638)
Operating income (loss):(786)1,4153,4391,430276(161)(788)
Nonoperating income (expense)19,542(111)470140(57)14485
Other nonoperating income (expense)11162484138(46)166117
Interest and debt expense    (11)(22) 
Other undisclosed income from continuing operations before equity method investments, income taxes    1122 
Income (loss) from continuing operations before equity method investments, income taxes:18,7561,3043,9091,570219(17)(703)
Income (loss) from equity method investments59,453(262)     
Income (loss) from continuing operations before income taxes:78,2091,0423,9091,570219(17)(703)
Income tax expense (benefit)(4,118)(336)3,107(165)(102)165(8)
Income (loss) before gain (loss) on sale of properties:74,0917067,0161,405117148(711)
Other undisclosed net income (loss)(59,453)262     
Net income (loss) available to common stockholders, diluted:14,6389687,0161,405117148(711)

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):14,6389687,0161,405117148(711)
Other comprehensive income (loss)    38(43)(4)
Comprehensive income (loss), net of tax, attributable to parent:14,6389687,0161,405155105(715)

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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