Nortech Systems Incorporated (NSYS) financial statements (2020 and earlier)

Company profile

Business Address 7550 MERIDIAN CIRCLE N
MAPLE GROVE, MN 55369
State of Incorp. MN
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 millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments000000 
Cash and cash equivalents000000 
Restricted cash and investments000    
Receivables19201818191816
Inventory, net of allowances, customer advances and progress billings14171921201917
Inventory14171921201917
Prepaid expense  11111
Contract with customer, asset8 
Income taxes receivable0
Other undisclosed current assets28   01
Total current assets:43463839403835
Noncurrent Assets
Operating lease, right-of-use asset5
Property, plant and equipment10101010111111
Intangible assets, net (including goodwill)44455 
Goodwill22233  
Intangible assets, net (excluding goodwill)12222  
Other noncurrent assets 000000
Deferred tax assets, net 01   
Other undisclosed noncurrent assets    0  
Total noncurrent assets:18141416161111
TOTAL ASSETS:61605256574946
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20241719181311
Accounts payable141812141398
Accrued liabilities332221 
Employee-related liabilities3333333
Taxes payable  0 0  
Debt2112111
Other undisclosed current liabilities      8
Total current liabilities:22251820201319
Noncurrent Liabilities
Long-term debt and lease obligation9565644
Long-term debt, excluding current maturities3445644
Finance lease, liability1
Capital lease obligations11    
Operating lease, liability4
Liabilities, other than long-term debt0001101
Deferred tax liabilities, net    00
Other liabilities0001100
Other undisclosed noncurrent liabilities1099788 
Total noncurrent liabilities:1914141315125
Total liabilities:41393233342624
Stockholders' equity
Stockholders' equity attributable to parent20212022222322
Preferred stock0000000
Common stock0000000
Additional paid in capital16161616161616
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)(0)
Retained earnings4546676
Total stockholders' equity:20212022222322
TOTAL LIABILITIES AND EQUITY:61605256574946

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues116113112117115112111
Revenue, net112117115112111
Cost of revenue
(Cost of Goods and Services Sold)
(104)(100)(100)(103)(103)(99)(98)
Gross profit:13131214121313
Operating expenses(12)(12)(13)(13)(12)(12)(12)
Operating income (loss):01(1)1(0)11
Nonoperating expense     (0)(0)
Interest and debt expense(1)(1)(1)(1)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes     00
Income (loss) from continuing operations before income taxes:(1)0(2)0(1)11
Income tax expense (benefit)(0)(0)(0)(0)0(0)(0)
Net income (loss) available to common stockholders, diluted:(1)0(2)0(1)11

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1)0(2)0(1)11
Comprehensive income (loss):(1)0(2)0(1)11
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)(0)     
Comprehensive income (loss), net of tax, attributable to parent:(1)0(2)0(1)11

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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