Pioneer Power Solutions, Inc. (PPSI) financial statements (2021 and earlier)

Company profile

Business Address 400 KELBY STREET, 12TH FLOOR
FORT LEE, NJ 07024
State of Incorp. DE
Fiscal Year End December 31
SIC 3612 - Power, Distribution, and Specialty Transformers (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 investments8900014
Cash and cash equivalents8800014
Short-term investments 1     
Receivables341714181513
Inventory, net of allowances, customer advances and progress billings252723261814
Inventory252723261814
Disposal group, including discontinued operation   7   
Income taxes receivable0
Deferred tax assets    0
Other current assets  11   
Other undisclosed current assets1322222
Total current assets:14204747463534
Noncurrent Assets
Finance lease, right-of-use asset 1
Property, plant and equipment01567711
Intangible assets, net (including goodwill), including: (0)121318201
Goodwill  99101010
Intangible assets, net (excluding goodwill) (0)4581010
Other undisclosed intangible assets, net (including goodwill)      (19)
Other noncurrent assets7      
Deferred tax assets, net1133(1)
Other undisclosed noncurrent assets 6723228
Total noncurrent assets:782623313239
TOTAL ASSETS:21287370776773
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:482816182014
Taxes payable0111101
Other undisclosed accounts payable and accrued liabilities472715172014
Deferred revenue11
Debt1036582
Disposal group, including discontinued operation   4   
Other undisclosed current liabilities01222020107
Total current liabilities:6105246443824
Noncurrent Liabilities
Long-term debt and lease obligation, including:1 344010
Long-term debt, excluding current maturities1 3440 
Other undisclosed long-term debt and lease obligation      10
Liabilities, other than long-term debt1263310
Pension and other postretirement defined benefit plans, liabilities0
Deferred tax liabilities, net2221 
Liability, pension and other postretirement and postemployment benefits  0000 
Other liabilities124110 
Other undisclosed noncurrent liabilities      8
Total noncurrent liabilities:22877118
Total liabilities:7126152514042
Stockholders' equity
Stockholders' equity attributable to parent14161218262731
Common stock0000000
Additional paid in capital24242424232318
Accumulated other comprehensive income (loss)00(6)(6)(6)(6)(3)
Retained earnings (accumulated deficit)(10)(8)(6)(1)91016
Total stockholders' equity:14161218262731
TOTAL LIABILITIES AND EQUITY:21287370776773

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
Revenues192110610111410792
Cost of revenue
(Cost of Goods and Services Sold)
(19)(19)(87)(81)(91)(85)(74)
Gross profit:111920232118
Operating expenses(5)(13)(21)(17)(22)(26)(16)
Other operating income, net
(Other Expenses)
      1
Other undisclosed operating loss      (1)
Operating income (loss):(4)(12)(2)31(5)2
Nonoperating income (expense)11(1)(0)0(3)0
Investment income, nonoperating 4     
Foreign currency transaction gain, before tax 0    0
Other nonoperating income (expense)1(3)(1)(0)0(3) 
Interest and debt expense(0)(0)(3)(2)(2)(1)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes0(0)    (1)
Income (loss) from continuing operations before income taxes:(3)(11)(5)1(0)(9)0
Income tax expense (benefit)(0)(1)(0)(4)(1)3(1)
Loss from continuing operations:(3)(12)(6)(3)(1)(6)(0)
Income (loss) from discontinued operations 11 (7)   
Net loss available to common stockholders, diluted:(3)(1)(6)(9)(1)(6)(0)

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 loss:(3)(1)(6)(9)(1)(6)(0)
Other comprehensive income (loss)  (0)00(0) 
Comprehensive loss:(3)(1)(6)(9)(1)(6)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 6(0)(0)(0)(2)(2)
Comprehensive income (loss), net of tax, attributable to parent:(3)4(6)(9)(1)(8)(2)

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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