Perma-Pipe International Holdings, Inc. (PPIH) financial statements (2022 and earlier)

Company profile

Business Address 6410 WEST HOWARD STREET
NILES, IL 60714
State of Incorp. DE
Fiscal Year End January 31
SIC 3564 - Industrial and Commercial Fans and Blowers and Air Purification Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 7,17413,37110,1567,0847,60316,631
Cash and cash equivalents 7,17413,37110,1567,0847,60316,631
Restricted cash and investments 1,2011,2872,581  2,300
Receivables 27,92631,70232,5082,7312,8953,494
Inventory, net of allowances, customer advances and progress billings 12,15714,49812,28916,85613,56515,625
Inventory 12,15714,49812,28916,85613,56515,625
Contract with customer, asset 4,0072,1661,653
Disposal group, including discontinued operation     2515,733
Assets held-for-sale, not part of disposal group      3,062
Other undisclosed current assets 1,4101,2313,77335,64733,73640,203
Total current assets: 53,87564,25562,96062,31857,82497,048
Noncurrent Assets
Operating lease, right-of-use asset 13,38411,475
Property, plant and equipment 26,89728,62930,398   
Long-term investments and receivables      11,017
Long-term investments      9,112
Due from related parties      1,905
Intangible assets, net (including goodwill) 2,3322,2542,3692,4232,279 
Goodwill 2,3322,2542,2692,4232,279 
Intangible assets, net (excluding goodwill)   100   
Regulated entity, other noncurrent assets   181   
Deferred income tax assets 823293
Other noncurrent assets 5,3805,3196,1204,9435,2334,658
Other undisclosed noncurrent assets   177391  
Total noncurrent assets: 48,81647,97039,2457,7577,51215,675
Other undisclosed assets    34,50936,27525,400
TOTAL ASSETS: 102,691112,225102,205104,584101,611138,123
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 15,58414,87518,67222,01420,02622,773
Accounts payable 10,3659,57712,00614,18610,90111,026
Accrued liabilities 2,6163,4443,8564,9094,2055,134
Employee-related liabilities 1,4481,1901,5441,5804,2364,274
Taxes payable 1,1556641,2661,3396842,339
Deferred revenue 7621,173
Debt   9,539   
Deferred compensation liability      6,167
Disposal group, including discontinued operation    13719915,465
Billings in excess of cost1,9671,1001,176
Customer advances and deposits5,2362,6403,690
Contract with customer, liability1,569
Other liabilities      3,439
Other undisclosed current liabilities 11,90616,7917,3089,8266,08314,006
Total current liabilities: 28,25232,83937,08839,18030,04866,716
Noncurrent Liabilities
Long-term debt and lease obligation, including: 19,4426,7176,7517,7287,2581,493
Long-term debt, excluding current maturities 6,2686,7176,7517,7287,2581,493
Finance lease, liability  677
Operating lease, liability 13,17411,214
Other undisclosed long-term debt and lease obligation  (11,891)    
Liabilities, other than long-term debt 5,6848,2396,0065,8644,892886
Deferred compensation liability, classified 4,1204,1993,8834,0982,523495
Deferred tax liabilities, net1,4351,2421,829160
Deferred income tax liabilities 9141,052
Liability, pension and other postretirement and postemployment benefits  2,413    
Other liabilities 650575688524540231
Other undisclosed noncurrent liabilities  8,801    
Total noncurrent liabilities: 25,12623,75712,75713,59212,1502,379
Total liabilities: 53,37856,59649,84552,77242,19869,095
Stockholders' equity
Stockholders' equity attributable to parent 49,31355,62952,36051,81259,41369,028
Common stock 828079777674
Treasury stock, value     (170)(290)
Additional paid in capital 60,87560,02458,79356,30453,71653,031
Accumulated other comprehensive loss (3,287)(3,760)(2,880)(1,466)(2,724)(3,980)
Retained earnings (accumulated deficit) (8,357)(715)(3,632)(3,103)8,51520,193
Total stockholders' equity: 49,31355,62952,36051,81259,41369,028
TOTAL LIABILITIES AND EQUITY: 102,691112,225102,205104,584101,611138,123

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

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues 84,694127,663128,965105,24898,845122,696
Revenue, net105,24898,845122,696
Cost of revenue (73,515)(98,617)(105,626)(93,506)(87,129)(95,955)
Cost of goods and services sold    (93,506)(87,129)(95,955)
Gross profit: 11,17929,04623,33911,74211,71626,741
Operating expenses (22,556)(23,106)(20,596)(21,254)(22,504)(23,863)
Operating income (loss): (11,377)5,9402,743(9,512)(10,788)2,878
Nonoperating income 3,983 164   
Investment income, nonoperating   164   
Other nonoperating income 3,983     
Interest and debt expense (649)(1,106)(1,286)(808)(746)(950)
Income (loss) from continuing operations before equity method investments, income taxes: (8,043)4,8341,621(10,320)(11,534)1,928
Income from equity method investments      602
Other undisclosed income (loss) from continuing operations before income taxes 268201 111(1,443)480
Income (loss) from continuing operations before income taxes: (7,775)5,0351,621(10,209)(12,977)3,010
Income tax expense (benefit) 133(1,459)(2,150)233611(1,375)
Net income (loss): (7,642)3,576(529)(9,976)(12,366)1,635
Other undisclosed net income (loss) attributable to parent     688(6,044)
Net income (loss) available to common stockholders, diluted: (7,642)3,576(529)(9,976)(11,678)(4,409)

Comprehensive Income ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income (loss): (7,642)3,576(529)(9,976)(12,366)1,635
Other comprehensive income (loss) 185(439)(438)(259)(433)(799)
Comprehensive income (loss): (7,457)3,137(967)(10,235)(12,799)836
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 288(441)(976)1,5172,377(4,695)
Comprehensive income (loss), net of tax, attributable to parent: (7,169)2,696(1,943)(8,718)(10,422)(3,859)

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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