Maxwell Technologies, Inc. (MXWL) Financial Statements (2023 and Earlier)

Company Profile

Business Address 3888 CALLE FORTUNADA
SAN DIEGO, CA 92123
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58,02850,12225,35924,38224,73230,64728,739
Cash and cash equivalents58,02850,12225,35924,38224,73230,64728,739
Restricted cash and investments   400   
Receivables19,96631,64320,44143,17243,69829,86933,420
Inventory, net of allowances, customer advances and progress billings33,64532,22832,24839,05544,85644,73641,620
Inventory33,64532,22832,24839,05544,85644,73641,620
Prepaid expense and other current assets3,228
Other undisclosed current assets2,8172,9834,4072,5932,4262,314 
Total current assets:114,456116,97682,455109,602115,712107,566107,007
Noncurrent Assets
Property, plant and equipment24,37728,04426,12032,32439,22344,94136,235
Intangible assets, net (including goodwill)24,19347,77622,79923,63523,59926,34726,085
Goodwill14,18936,06122,79923,63523,59925,97825,416
Intangible assets, net (excluding goodwill)10,00411,715   369669
Other noncurrent assets705871613603704665
Prepaid expense and other noncurrent assets206
Other undisclosed noncurrent assets 11,7128,8875,8497,36210,5686,939
Total noncurrent assets:49,27588,40358,41962,41170,88882,52169,465
TOTAL ASSETS:163,731205,379140,874172,013186,600190,087176,472
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:16,51332,75819,18133,98527,01125,43627,181
Accounts payable  13,10922,29112,54415,35614,762
Accrued liabilities  5,00610,31812,615  
Employee-related liabilities7,1469,070  9,3488,7884,743
Taxes payable  1,0661,3761,8522,3662,068
Other undisclosed accounts payable and accrued liabilities9,36723,688  (9,348)(1,074)5,608
Debt43833404215,5497,9149,452
Deferred revenue and credits6,6693,9673,0667031,0436,408
Deferred tax liabilities    1,111890980
Other undisclosed current liabilities11,4259,0706,1526,6729,3488,9685,012
Total current liabilities:28,37648,53029,34043,76553,72244,25149,033
Noncurrent Liabilities
Long-term debt and lease obligation37,96935,12443492010083
Long-term debt, excluding current maturities37,96935,12443492010083
Liabilities, other than long-term debt6,7426,86210,6699,0235,9055,5262,423
Deferred tax liabilities, net  8,5806,0763,3042,1251,384
Liability, pension and other postretirement and postemployment benefits4,4893,942   
Other liabilities2,2532,9202,0892,9472,6013,4011,039
Other undisclosed noncurrent liabilities538,762     
Total noncurrent liabilities:44,76450,74810,7129,0725,9255,6262,506
Total liabilities:73,14099,27840,05252,83759,64749,87751,539
Stockholders' equity
Stockholders' equity attributable to parent90,591106,101100,822119,176126,953140,210124,933
Common stock4,5973,7173,2103,1762,9822,9532,913
Additional paid in capital369,793337,541296,316291,505277,314271,928267,623
Accumulated other comprehensive income (loss)(296)12,0765,4004,8944,72317,12312,531
Accumulated deficit(283,503)(247,233)(204,104)(180,399)(158,066)(151,794)(158,134)
Total stockholders' equity:90,591106,101100,822119,176126,953140,210124,933
TOTAL LIABILITIES AND EQUITY:163,731205,379140,874172,013186,600190,087176,472

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
90,459130,368121,244167,372186,586193,534159,258
Cost of revenue
(Cost of Goods and Services Sold)
(80,459)(101,573)(88,274)(116,410)(118,146)(118,241)(94,206)
Gross profit:10,00028,79532,97050,96268,44075,29365,052
Operating expenses(50,717)(66,691)(58,856)(67,967)(70,177)(66,737)(55,356)
Operating income (loss):(40,717)(37,896)(25,886)(17,005)(1,737)8,5569,696
Nonoperating income (expense)(251)(221)6,574(441)   
Investment income, nonoperating  6,657    
Foreign currency transaction loss, before tax(479)(306)(216)(441)   
Other nonoperating income22885133    
Other undisclosed loss from continuing operations before equity method investments, income taxes(4,570)(1,355)(248)(284)(189)(64)(173)
Income (loss) from continuing operations before income taxes:(45,538)(39,472)(19,560)(17,730)(1,926)8,4929,523
Income tax expense (benefit)1,096(3,657)(4,145)(4,603)(4,346)(2,152)(2,349)
Net income (loss):(44,442)(43,129)(23,705)(22,333)(6,272)6,3407,174
Other undisclosed net income attributable to parent7,894      
Net income (loss) available to common stockholders, diluted:(36,548)(43,129)(23,705)(22,333)(6,272)6,3407,174

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(44,442)(43,129)(23,705)(22,333)(6,272)6,3407,174
Other comprehensive income (loss)58(802)(1,207)171(12,400)4,592 
Comprehensive income (loss):(44,384)(43,931)(24,912)(22,162)(18,672)10,9327,174
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,536)7,4781,713   1,901
Comprehensive income (loss), net of tax, attributable to parent:(48,920)(36,453)(23,199)(22,162)(18,672)10,9329,075

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.

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