Lapolla Industries Inc (LPA) financial statements (2021 and earlier)

Company profile

Business Address INTERCONTINENTAL BUSINESS PARK
HOUSTON, TX 77032
State of Incorp. DE
Fiscal Year End December 31
SIC 2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2    
Cash and cash equivalents2    
Receivables1310987
Inventory, net of allowances, customer advances and progress billings78555
Inventory78555
Prepaid expense0 00
Prepaid expense and other current assets1
Costs in excess of billings0    
Other undisclosed current assets2111 
Total current assets:2319151413
Noncurrent Assets
Property, plant and equipment11122
Intangible assets, net (including goodwill)55556
Goodwill44444
Intangible assets, net (excluding goodwill)11111
Deferred costs 00  
Assets held-for-sale, long lived22 
Other undisclosed noncurrent assets000(21)0
Total noncurrent assets:67788
TOTAL ASSETS:2926222221
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:33211
Accounts payable  778
Accrued liabilities111  
Employee-related liabilities221  
Other undisclosed accounts payable and accrued liabilities00(7)(5)(6)
Debt   (0)(0)
Due to related parties  0  
Billings in excess of cost00   
Other undisclosed current liabilities76779
Total current liabilities:1099810
Noncurrent Liabilities
Long-term debt and lease obligation 7550
Long-term debt, excluding current maturities 7550
Liabilities, other than long-term debt00   
Billings in excess of cost00   
Deferred tax liabilities, net00   
Other undisclosed noncurrent liabilities98789
Total noncurrent liabilities:915131310
Total liabilities:1924222120
Stockholders' equity
Stockholders' equity attributable to parent102111
Common stock11111
Additional paid in capital9492908785
Accumulated other comprehensive loss (0)(0)(0)(0)
Accumulated deficit(84)(91)(90)(86)(85)
Total stockholders' equity:102111
TOTAL LIABILITIES AND EQUITY:2926222221

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues8679727172
Revenue, net8780737272
Cost of revenue
(Cost of Goods and Services Sold)
(61)(60)(63)(60)(62)
Other undisclosed gross profit  433
Gross profit:2518141513
Operating expenses(17)(16)(15)(16)(16)
Other operating expense, net
(Other Expenses)
  (2)  
Other undisclosed operating income  2  
Operating income (loss):82(2)(1)(3)
Nonoperating income10011
Other nonoperating income (expense)100(0)(0)
Interest and debt expense(0)(1)(1)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes:81(3)(0)(3)
Other undisclosed loss from continuing operations before income taxes(1)(1)   
Income (loss) from continuing operations before income taxes:7(0)(3)(0)(3)
Income tax expense(0)(0)(0)  
Net income (loss):6(1)(3)(0)(3)
Other undisclosed net loss attributable to parent  (1)(2)(2)
Net income (loss) attributable to parent:6(1)(4)(2)(4)
Other undisclosed net income available to common stockholders, basic0    
Net income (loss) available to common stockholders, basic:6(1)(4)(2)(4)
Dilutive securities, effect on basic earnings per share  1  
Net income (loss) available to common stockholders, diluted:6(1)(3)(2)(4)

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):6(1)(3)(0)(3)
Comprehensive income (loss):6(1)(3)(0)(3)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (4)(2)(4)
Other undisclosed comprehensive income, net of tax, attributable to parent   03
Comprehensive income (loss), net of tax, attributable to parent:6(1)(6)(2)(4)

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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