P & F Industries, Inc. (PFIN) financial statements (2022 and earlier)

Company profile

Business Address 445 BROADHOLLOW ROAD
MELVILLE, NY 11747
State of Incorp. DE
Fiscal Year End December 31
SIC 354 - Metalworking 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
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5399043809991,2413,699927
Cash and cash equivalents5399043809991,2413,699927
Receivables7,5507,4689,3139,57410,0477,9069,722
Inventory, net of allowances, customer advances and progress billings24,02118,36222,88220,49619,65719,90123,994
Inventory24,02118,36222,88220,49619,65719,90123,994
Deferred tax assets   1,131
Other undisclosed current assets4,5662,8061,4971,1371,2243,0301,124
Total current assets:36,67629,54034,07232,20632,16934,53636,898
Noncurrent Assets
Operating lease, right-of-use asset2,9693,2813,859
Property, plant and equipment8,0809,39510,1099,7758,9077,08910,240
Intangible assets, net (including goodwill)10,03910,67512,98512,23612,98010,50323,137
Goodwill4,4474,4494,7264,4364,4473,89712,027
Intangible assets, net (excluding goodwill)5,5926,2268,2597,8008,5336,60611,110
Deferred income tax assets349226216
Other noncurrent assets77250502741110130303
Deferred tax assets, net6288721,793(3,077)
Other undisclosed noncurrent assets      3,077
Total noncurrent assets:21,51423,82727,67123,38022,86919,51533,680
TOTAL ASSETS:58,19053,36761,74355,58655,03854,05170,578
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,4734,0785,4306,3345,9636,1507,517
Accounts payable2,9202,1991,8432,7552,4432,3983,556
Accrued liabilities1,0781,3541,5681,2431,5762,0191,996
Employee-related liabilities1,4755252,0192,3361,9441,7331,965
Debt5,7653,3576,5272,5491,9281310,114
Business combination, contingent consideration, liability   1,000   
Other undisclosed current liabilities840847     
Total current liabilities:12,0788,28211,9579,8837,8916,16317,631
Noncurrent Liabilities
Long-term debt and lease obligation2,1763,4203,070 94886,000
Long-term debt, excluding current maturities 946  94886,000
Operating lease, liability2,1762,4743,070
Other undisclosed noncurrent liabilities(2,080)(2,347)2101681,0402103,305
Total noncurrent liabilities:2,2723,5473,2801681,1342989,305
Total liabilities:14,35011,82915,23710,0519,0256,46126,936
Stockholders' equity
Stockholders' equity attributable to parent, including:43,84041,53846,50645,53546,01347,59043,642
Treasury stock, value(10,213)(10,213)(10,213)(6,695)(5,179)(4,821)(4,566)
Additional paid in capital14,16714,14414,05613,90413,06412,90612,884
Accumulated other comprehensive loss(613)(577)(620)(672)(530)(737)(341)
Retained earnings36,04633,75638,86734,58834,45536,06131,495
Other undisclosed stockholders' equity attributable to parent4,4534,4284,4164,4104,2034,1814,170
Total stockholders' equity:43,84041,53846,50645,53546,01347,59043,642
TOTAL LIABILITIES AND EQUITY:58,19053,36761,74355,58655,03854,05170,578

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues53,55449,13658,67464,99558,97457,27681,702
Revenue, net58,97457,27681,702
Cost of revenue
(Cost of Goods and Services Sold)
(36,207)(34,943)(37,716)(41,808)(37,890)(38,345)(51,774)
Gross profit:17,34714,19320,95823,18721,08418,93129,928
Operating expenses(19,856)(19,367)(21,869)(21,705)(21,034)(29,191)(23,969)
Other undisclosed operating loss(88)(1,612)     
Operating income (loss):(2,597)(6,786)(911)1,48250(10,260)5,959
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
   (150)(131)100126
Interest and debt expense (140)(198)(223)(168)(181)(715)
Income (loss) from continuing operations before equity method investments, income taxes:(2,597)(6,926)(1,109)1,109(249)(10,341)5,370
Other undisclosed income from continuing operations before income taxes4,885717,817  1,703 
Income (loss) from continuing operations before income taxes:2,288(6,855)6,7081,109(249)(8,638)5,370
Income tax expense (benefit)21,901(1,797)(253)(635)2,955(1,826)
Income (loss) from continuing operations:2,290(4,954)4,911856(884)(5,683)3,544
Income from discontinued operations     12,584 
Net income (loss) available to common stockholders, diluted:2,290(4,954)4,911856(884)6,9013,544

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2,290(4,954)4,911856(884)6,9013,544
Other comprehensive income (loss)(36)4352(142)207(396)(113)
Comprehensive income (loss), net of tax, attributable to parent:2,254(4,911)4,963714(677)6,5053,431

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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