Lapolla Industries Inc (LPA) financial statements (2022 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 thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,722    
Cash and cash equivalents1,722    
Receivables12,50810,0068,8807,7867,302
Inventory, net of allowances, customer advances and progress billings6,6108,1745,2685,4224,832
Inventory6,6108,1745,2685,4224,832
Prepaid expense8 747
Prepaid expense and other current assets727
Costs in excess of billings378    
Other undisclosed current assets1,6881,2161,1611,113 
Total current assets:22,91419,39615,31614,36712,861
Noncurrent Assets
Property, plant and equipment9851,0871,3651,6011,970
Intangible assets, net (including goodwill)5,4155,4325,4185,4005,697
Goodwill4,2354,2354,2354,2354,235
Intangible assets, net (excluding goodwill)1,1801,1971,1831,1651,463
Deferred costs 116169  
Assets held-for-sale, long lived21,662 
Other undisclosed noncurrent assets8196230(20,975)456
Total noncurrent assets:6,4816,7317,1827,6878,123
TOTAL ASSETS:29,39526,12722,49822,05420,984
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,9172,7731,7591,4571,345
Accounts payable  6,9856,6957,637
Accrued liabilities662588595  
Employee-related liabilities1,9931,7191,025  
Other undisclosed accounts payable and accrued liabilities262466(6,847)(5,238)(6,292)
Debt   (5)(21)
Due to related parties  250  
Billings in excess of cost2151   
Other undisclosed current liabilities6,7416,3846,7356,7048,965
Total current liabilities:9,6799,2088,7448,15610,289
Noncurrent Liabilities
Long-term debt and lease obligation 6,7365,4354,5394
Long-term debt, excluding current maturities 6,7365,4354,5394
Liabilities, other than long-term debt435374   
Billings in excess of cost219   
Deferred tax liabilities, net414365   
Other undisclosed noncurrent liabilities8,9247,5147,4118,1019,497
Total noncurrent liabilities:9,35914,62412,84612,6409,501
Total liabilities:19,03823,83121,59020,79619,790
Stockholders' equity
Stockholders' equity attributable to parent10,3572,2959081,2581,194
Common stock1,2351,2211,1981,1411,094
Additional paid in capital93,60091,93089,98986,73584,746
Accumulated other comprehensive loss (123)(123)(123)(121)
Accumulated deficit(84,478)(90,733)(90,157)(86,496)(84,525)
Total stockholders' equity:10,3572,2959081,2581,194
TOTAL LIABILITIES AND EQUITY:29,39526,12722,49822,05420,984

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues86,38678,64972,06571,17771,685
Revenue, net87,22079,60873,06472,28371,685
Cost of revenue
(Cost of Goods and Services Sold)
(61,345)(60,264)(62,902)(59,646)(61,767)
Other undisclosed gross profit  4,4413,4943,052
Gross profit:25,04118,38513,60415,02412,970
Operating expenses(17,244)(16,330)(15,119)(15,641)(16,288)
Other operating expense, net
(Other Expenses)
  (2,146)  
Other undisclosed operating income  2,146  
Operating income (loss):7,7972,055(1,515)(616)(3,317)
Nonoperating income69436361,3551,113
Other nonoperating income (expense)6943636(34)(20)
Interest and debt expense(306)(1,138)(1,091)(927)(574)
Income (loss) from continuing operations before equity method investments, income taxes:8,185953(2,570)(188)(2,778)
Other undisclosed loss from continuing operations before income taxes(1,496)(1,138)   
Income (loss) from continuing operations before income taxes:6,689(185)(2,570)(188)(2,778)
Income tax expense(311)(392)(29)  
Net income (loss):6,378(577)(2,600)(188)(2,778)
Other undisclosed net loss attributable to parent  (1,061)(1,783)(1,653)
Net income (loss) attributable to parent:6,378(577)(3,661)(1,971)(4,431)
Other undisclosed net income available to common stockholders, basic0    
Net income (loss) available to common stockholders, basic:6,378(577)(3,661)(1,971)(4,431)
Dilutive securities, effect on basic earnings per share  880  
Net income (loss) available to common stockholders, diluted:6,378(577)(2,781)(1,971)(4,431)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):6,378(577)(2,600)(188)(2,778)
Comprehensive income (loss):6,378(577)(2,600)(188)(2,778)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (3,661)(1,973)(4,434)
Other undisclosed comprehensive income, net of tax, attributable to parent   1882,778
Comprehensive income (loss), net of tax, attributable to parent:6,378(577)(6,261)(1,973)(4,434)

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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