NN, Inc. (NNBR) Financial Statements (2024 and earlier)

Company Profile

Business Address 6210 ARDREY KELL ROAD
CHARLOTTE, NC 28277
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 354 - Metalworking Machinery And Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
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 investments12,80828,65648,13831,70317,988224,446
Cash and cash equivalents12,80828,65648,13831,70317,988224,446
Receivables86,29383,22793,415137,531134,367151,699
Inventory, net of allowances, customer advances and progress billings80,68275,02762,517118,722122,61582,617
Inventory80,68275,02762,517118,722122,61582,617
Other current assets9,1239,37211,14815,02421,90118,518
Other undisclosed current assets2,794     
Total current assets:191,700196,282215,218302,980296,871477,280
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 12,98913,64114,644 
Operating lease, right-of-use asset46,71346,44350,26465,496
Property, plant and equipment    374,513361,028259,280
Long-term investments and receivables31,80234,04526,98321,75520,36439,822
Long-term investments31,80234,04526,98321,75520,36439,822
Intangible assets, net (including goodwill)72,89188,718103,065768,355815,700692,314
Goodwill    439,095439,452454,612
Intangible assets, net (excluding goodwill)72,89188,718103,065329,260376,248237,702
Regulated entity, other noncurrent assets 4,3945,679952   
Deferred income tax assets102314  
Other noncurrent assets5,2824,1945,7428,8857,6076,307
Other undisclosed noncurrent assets180,254189,785208,094   
Total noncurrent assets:354,427382,819409,7441,239,0041,204,699997,723
TOTAL ASSETS:546,127579,101624,9621,541,9841,501,5701,475,003
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities58,46856,52162,28888,79690,33074,135
Taxes payable2,0723,5571,028  
Employee-related liabilities17,73921,29630,42824,63621,145
Accounts payable45,87136,71037,43557,34065,69452,990
Accrued liabilities12,597     
Debt5,9316,1859,13725,81231,28017,283
Other liabilities11,7238,71831,26124,87323,42017,003
Other undisclosed current liabilities2,6842,593545   
Total current liabilities:78,80674,017103,231139,481145,030108,421
Noncurrent Liabilities
Long-term debt and lease obligation149,389202,347134,078824,420811,471790,805
Long-term debt, excluding current maturities149,389151,05279,025757,440811,471790,805
Liabilities, other than long-term debt66,96724,74528,415131,794126,77489,673
Accounts payable and accrued liabilities    1,2723,8755,593
Deferred revenue    85,799
Deferred tax liabilities, net93,48271,564
Deferred income tax liabilities5,5967,45611,178 
Other liabilities9,96017,28917,23744,72329,41712,516
Operating lease, liability51,41151,29555,05366,980
Total noncurrent liabilities:216,356227,092162,493956,214938,245880,478
Total liabilities:295,162301,109265,7241,095,6951,083,275988,899
Temporary equity, carrying amount   105,08693,012  
Equity
Equity, attributable to parent, including:186,264(31,902)254,1522,839418,295486,104
Common stock439430427423421275
Additional paid in capital468,143474,757493,332501,615511,545292,494
Accumulated other comprehensive loss(37,120)(31,902)(33,732)(44,554)(31,625)(17,745)
Retained earnings (accumulated deficit)(245,198)(219,100)(205,875)(105,283)(62,046)211,080
Warrants and rights outstanding    1,076  
Other undisclosed equity, attributable to parent  (256,087) (350,438)  
Other undisclosed equity  256,087 350,438  
Total equity:186,264224,185254,152353,277418,295486,104
Other undisclosed liabilities and equity64,70153,807    
TOTAL LIABILITIES AND EQUITY:546,127579,101624,9621,541,9841,501,5701,475,003

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues498,738477,584427,534847,451770,657619,793
Revenue, net770,657619,793
Cost of revenue(421,105)(389,995)(343,594)(641,639)(588,205) 
Cost of goods and services sold(421,105)(389,995)(343,594)(641,639)  
Gross profit:77,63387,58983,940205,812182,452619,793
Operating expenses(49,635)(51,489)(150,997)(103,223)(281,996)(74,456)
Other operating income (expense), net(1,859)1,091(4,720)(866)(6,089)(351)
Other undisclosed operating loss(47,231)(46,195)(45,680)(91,834)(73,255)(511,872)
Operating income (loss):(21,092)(9,004)(117,457)9,889(178,888)33,114
Nonoperating income (expense)5,0643,333(11,456)(1,140)(1,341)2,084
Investment income, nonoperating  (2,033)(11,669)   
Other nonoperating income (expense)5,0645,366213(1,140)(1,341)2,084
Interest and debt expense(15,041)(15,054)(19,042)(60,448)(80,805)(94,172)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (1,717)(4,133)  101
Loss from continuing operations before equity method investments, income taxes:(31,069)(22,442)(152,088)(51,699)(261,034)(58,873)
Income (loss) from equity method investments6,5926,2613,6261,681(14,390)5,211
Loss from continuing operations before income taxes:(24,477)(16,181)(148,462)(50,018)(275,424)(53,662)
Income tax expense (benefit)(1,621)1,7568,9723,27710,95779,026
Income (loss) from continuing operations:(26,098)(14,425)(139,490)(46,741)(264,467)25,364
Income (loss) before gain (loss) on sale of properties:(13,225)(100,592)(46,741)(264,467)163,052
Income from discontinued operations  1,20038,898  137,688
Net income (loss) attributable to parent:(26,098)(13,225)(100,592)(46,741)(264,467)163,052
Preferred stock dividends and other adjustments(10,894)(21,478)(12,373)642  
Other undisclosed net loss available to common stockholders, basic  (1,200)(38,898)(1,284)  
Net income (loss) available to common stockholders, diluted:(36,992)(35,903)(151,863)(47,383)(264,467)163,052

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(26,098)(13,225)(100,592)(46,741)(264,467)163,052
Other comprehensive income (loss)(5,218)1,83010,822(13,240)(13,880)12,851
Comprehensive income (loss), net of tax, attributable to parent:(31,316)(11,395)(89,770)(59,981)(278,347)175,903

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: