Profire Energy, Inc. (PFIE) financial statements (2022 and earlier)

Company profile

Business Address 321 SOUTH 1250 WEST, SUITE 1
LINDON, UT 84042
State of Incorp. NV
Fiscal Year End December 31
SIC 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:3,5874,3151,31945488921,29314,145
Cash and cash equivalents8,1889,1487,35910,10211,44621,29314,145
Short-term investments1,0142,3893,8224,5584,311  
Other undisclosed cash, cash equivalents, and short-term investments(5,615)(7,222)(9,862)(14,206)(14,867)  
Receivables6,4273,7855,5986,8858,0694,1329,462
Inventory, net of allowances, customer advances and progress billings7,1858,4159,5729,6606,44611,04711,767
Inventory7,1858,4159,5729,6606,44611,04711,767
Prepaid expense1,0251,6781,672474437316113
Deferred costs     4128
Assets held-for-sale, not part of disposal group 624    
Other current assets202173     
Other undisclosed current assets5,8096,8459,93914,37914,867228(28)
Total current assets:24,23625,83628,10031,85130,70937,05535,486
Noncurrent Assets
Finance lease, right-of-use asset6550108
Property, plant and equipment11,18612,02212,0718,020 8,2339,276
Long-term investments and receivables8,2606,0647,4007,978   
Long-term investments8,2606,0647,4007,978   
Intangible assets, net (including goodwill)4,1294,3514,5691,428 1,5271,592
Goodwill2,5792,5792,579998 998998
Intangible assets, net (excluding goodwill)1,5491,7721,990430 529594
Deferred income tax assets163  
Other noncurrent assets    17,280  
Other undisclosed noncurrent assets   85 452502
Total noncurrent assets:23,80222,48724,14817,51217,28010,21211,370
TOTAL ASSETS:48,03848,32352,24849,36347,98947,26846,856
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6952,3765,1264,1073,9421,8501,720
Accounts payable1,8231,1792,6341,1781,7818941,041
Accrued liabilities1,8721,1972,0891,4461,044621332
Employee-related liabilities   311197  
Taxes payable  4031,172920335347
Debt303959    
Deferred tax liabilities   631
Other undisclosed current liabilities      (631)
Total current liabilities:3,7252,4155,1854,1073,9421,8501,720
Noncurrent Liabilities
Long-term debt and lease obligation361352    
Finance lease, liability361352
Liabilities, other than long-term debt136523439    
Deferred income tax liabilities136523439
Other undisclosed noncurrent liabilities     633631
Total noncurrent liabilities:172536491  633631
Total liabilities:3,8972,9515,6774,1073,9422,4832,352
Stockholders' equity
Stockholders' equity attributable to parent44,14145,37246,57245,25644,04744,78544,504
Common stock52515150545353
Treasury stock, value(6,108)(5,353)(5,353)(2,609)(6,890)  
Additional paid in capital30,81930,29329,58428,02827,53526,16525,525
Accumulated other comprehensive loss(2,100)(2,149)(2,415)(2,896)(2,200)(2,283)(1,889)
Retained earnings21,47822,52924,70522,68425,54920,85020,815
Total stockholders' equity:44,14145,37246,57245,25644,04744,78544,504
TOTAL LIABILITIES AND EQUITY:48,03848,32352,24849,36347,98947,26846,856

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
3/31/2016
3/31/2015
Revenues26,35621,45938,98145,61538,28627,07251,201
Revenue, net38,28627,07251,179
Cost of revenue
(Cost of Goods and Services Sold)
(14,955)(11,932)(19,453)(22,713)(18,022)(13,432)(23,957)
Other undisclosed gross profit      (22)
Gross profit:11,4019,52619,52822,90120,26413,64027,223
Operating expenses(13,416)(12,606)(16,364)(14,927)(13,424)(13,680)(18,687)
Other operating income, net      56
Other undisclosed operating loss      (56)
Operating income (loss):(2,015)(3,080)3,1647,9746,839(40)8,536
Nonoperating income3344214036242435826
Investment income, nonoperating1331812835012435826
Other nonoperating income (expense)9(67)5(7)   
Interest and debt expense(2)(6)(6)    
Income (loss) from continuing operations before equity method investments, income taxes:(1,683)(2,665)3,5628,5987,082188,562
Other undisclosed income from continuing operations before income taxes266 4114530
Income (loss) from continuing operations before income taxes:(1,681)(2,659)3,5688,5987,1231638,592
Income tax expense (benefit)629484(1,546)(2,517)(2,674)(128)(2,844)
Net income (loss) available to common stockholders, diluted:(1,052)(2,176)2,0216,0814,450355,748

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
3/31/2016
3/31/2015
Net income (loss):(1,052)(2,176)2,0216,0814,450355,748
Other comprehensive income (loss)48267480(695)610  
Comprehensive income (loss):(1,003)(1,909)2,5025,3865,060355,748
Other undisclosed comprehensive loss, net of tax, attributable to parent     (394)(1,658)
Comprehensive income (loss), net of tax, attributable to parent:(1,003)(1,909)2,5025,3865,060(359)4,090

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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