Powell Industries, Inc. (POWL) financial statements (2022 and earlier)

Company profile

Business Address 8550 MOSLEY DR
HOUSTON, TX 77075
State of Incorp. NV
Fiscal Year End September 30
SIC 3613 - Switchgear and Switchboard Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments101,527133,981178,921124,68149,75495,18897,720
Cash and cash equivalents77,905114,314160,216118,63936,58468,35997,720
Short-term investments23,62219,66718,7056,04213,17026,829 
Restricted cash and investments    19,15415,104 
Receivables79,69578,46570,424112,32699,45262,074102,761
Inventory, net of allowances, customer advances and progress billings36,15729,83528,96829,20221,35218,44826,521
Inventory36,15729,83528,96829,20221,35218,44826,521
Prepaid expense4,0334,3824,4024,3353,7753,7014,569
Contract with customer, asset67,90454,19950,99555,374 
Other current assets1,0921,5991,9482,6506304632,457
Other undisclosed current assets    82,54555,09370,112
Total current assets:290,408302,461335,658328,568276,662250,071304,140
Noncurrent Assets
Operating lease, right-of-use asset3,5263,4535,217 
Property, plant and equipment107,509109,457114,372120,812128,764139,420144,977
Intangible assets, net (including goodwill), including:1,0031,0031,1611,3371,5141,7192,059
Goodwill 1,0001,0001,0001,0001,000 
Other undisclosed intangible assets, net (including goodwill)1,00331613375147192,059
Restricted cash and investments    5,9879,747 
Deferred income tax assets5,5544,6393,6445,117
Other noncurrent assets15,80015,17912,22611,57711,08713,80011,340
Other undisclosed noncurrent assets    5,937229 
Total noncurrent assets:133,392133,731136,620138,843153,289164,915158,376
TOTAL ASSETS:423,800436,192472,278467,411429,951414,986462,516
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities62,30676,90870,75086,03266,48958,50671,845
Accounts payable42,34845,24735,02951,18040,71433,26934,985
Accrued liabilities11,25210,19012,12113,7572,6049,03412,851
Employee-related liabilities8,15220,39521,73920,18222,27414,98422,550
Taxes payable5541,0761,8619138971,2191,459
Deferred revenue49,39642,43379,44571,464
Debt 400400400400400400
Deferred revenue and credits5072,029
Billings in excess of cost26,16643,974
Other liabilities    7,786  
Other undisclosed current liabilities1,9661,4152,352 43,174  
Total current liabilities:113,668121,156152,947157,896117,84985,579118,248
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,8662,4134008001,2001,6002,000
Long-term debt, excluding current maturities  4008001,2001,6002,000
Operating lease, liability1,8662,4133,434 
Other undisclosed long-term debt and lease obligation  (3,434)    
Liabilities, other than long-term debt12,68711,4008,8719,5629,2586,5116,951
Deferred revenue and credits 507
Deferred compensation liability, classified9,7498,6136,7106,4475,9025,3144,840
Deferred tax liabilities, net  138
Other liabilities2,9382,7872,1613,1153,3561,1971,466
Other undisclosed noncurrent liabilities  3,434    
Total noncurrent liabilities:14,55313,81312,70510,36210,4588,1118,951
Total liabilities:128,221134,969165,652168,258128,30793,690127,199
Stockholders' equity
Stockholders' equity attributable to parent, including:295,579301,223306,626299,153301,644321,296335,317
Treasury stock, value(24,999)(24,999)(24,999)(24,999)(24,999)(24,999)(24,999)
Additional paid in capital64,36463,94861,99859,15356,76954,32952,003
Accumulated other comprehensive loss(20,302)(20,356)(24,513)(24,547)(21,779)(18,754)(23,768)
Retained earnings276,390282,505294,016289,422291,530310,598331,959
Other undisclosed stockholders' equity attributable to parent126125124124123122122
Total stockholders' equity:295,579301,223306,626299,153301,644321,296335,317
TOTAL LIABILITIES AND EQUITY:423,800436,192472,278467,411429,951414,986462,516

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues470,552470,559518,499517,180448,716395,911565,243
Revenue, net395,911565,243
Cost of revenue
(Cost of Goods and Services Sold)
(400,325)(395,496)(423,924)(430,204)(383,361)(345,142)(459,038)
Gross profit:70,22775,06394,57586,97665,35550,769106,205
Operating expenses(73,179)(74,044)(75,504)(75,515)(74,477)(70,107)(90,448)
Operating income (loss):(2,952)1,01919,07111,461(9,122)(19,338)15,757
Nonoperating income2162771,4871,1031,6302,5872,185
Investment income, nonoperating2162779811,103883558156
Other nonoperating income  506 7472,0292,029
Interest and debt expense(201)(204)(228)(230)(207)(168)(149)
Income (loss) from continuing operations before income taxes:(2,937)1,09220,33012,334(7,699)(16,919)17,793
Income tax expense (benefit)1,085(461)(3,670)(2,444)5477,433(2,283)
Net income (loss) available to common stockholders, diluted:(1,852)63116,6609,890(7,152)(9,486)15,510

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):(1,852)63116,6609,890(7,152)(9,486)15,510
Other comprehensive income (loss) (26)(7)(7)(20)(103)237
Other undisclosed comprehensive loss(26)      
Comprehensive income (loss):(1,878)60516,6539,883(7,172)(9,589)15,747
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(112)4,18341(2,761)(3,005)5,117(1,604)
Comprehensive income (loss), net of tax, attributable to parent:(1,990)4,78816,6947,122(10,177)(4,472)14,143

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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