Nortech Systems Incorporated (NSYS) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments0000000
Cash and cash equivalents0000000
Restricted cash and investments3000   
Receivables16192018181918
Inventory, net of allowances, customer advances and progress billings14141719212019
Inventory14141719212019
Prepaid expense   1111
Contract with customer, asset68 
Other undisclosed current assets228   0
Total current assets:41434638394038
Noncurrent Assets
Finance lease, right-of-use asset2 
Operating lease, right-of-use asset95
Property, plant and equipment6101010101111
Intangible assets, net (including goodwill)(2)44455 
Goodwill(3)22233 
Intangible assets, net (excluding goodwill)112222 
Other noncurrent assets  00000
Deferred tax assets, net 01  
Other undisclosed noncurrent assets1    0 
Total noncurrent assets:17181414161611
TOTAL ASSETS:58616052565749
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17202417191813
Accounts payable1114181214139
Accrued liabilities3332221
Employee-related liabilities3333333
Taxes payable   0 0 
Debt2211211
Other undisclosed current liabilities1      
Total current liabilities:20222518202013
Noncurrent Liabilities
Long-term debt and lease obligation16956564
Long-term debt, excluding current maturities6344564
Finance lease, liability11
Capital lease obligations11   
Operating lease, liability94
Liabilities, other than long-term debt0000110
Deferred tax liabilities, net    0
Other liabilities0000110
Other undisclosed noncurrent liabilities31099788
Total noncurrent liabilities:19191414131512
Total liabilities:39413932333426
Stockholders' equity
Stockholders' equity attributable to parent19202120222223
Preferred stock0000000
Common stock0000000
Additional paid in capital16161616161616
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)(0)
Retained earnings3454667
Total stockholders' equity:19202120222223
TOTAL LIABILITIES AND EQUITY:58616052565749

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues104116113112117115112
Revenue, net112117115112
Cost of revenue
(Cost of Goods and Services Sold)
(96)(104)(100)(100)(103)(103)(99)
Gross profit:8131312141213
Operating expenses(9)(12)(12)(13)(13)(12)(12)
Operating income (loss):(1)01(1)1(0)1
Nonoperating expense      (0)
Interest and debt expense(1)(1)(1)(1)(1)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes      0
Income (loss) from continuing operations before income taxes:(1)(1)0(2)0(1)1
Income tax expense (benefit)(0)(0)(0)(0)(0)0(0)
Net income (loss) available to common stockholders, diluted:(2)(1)0(2)0(1)1

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(2)(1)0(2)0(1)1
Comprehensive income (loss):(2)(1)0(2)0(1)1
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)(0)    
Comprehensive income (loss), net of tax, attributable to parent:(1)(1)0(2)0(1)1

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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