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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9000140
Cash and cash equivalents8000140
Short-term investments1      
Receivables4171418151310
Inventory, net of allowances, customer advances and progress billings5272326181413
Inventory5272326181413
Prepaid expense      0
Disposal group, including discontinued operation  7    
Income taxes receivable00
Deferred tax assets    02
Other current assets 11    
Other undisclosed current assets3222221
Total current assets:20474746353426
Noncurrent Assets
Finance lease, right-of-use asset1
Property, plant and equipment156771112
Intangible assets, net (including goodwill), including:(0)12131820113
Goodwill 991010108
Intangible assets, net (excluding goodwill)(0)45810105
Other undisclosed intangible assets, net (including goodwill)     (19)
Deferred tax assets, net1133(1)(2)
Other undisclosed noncurrent assets67232284
Total noncurrent assets:8262331323928
TOTAL ASSETS:28737077677354
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:828161820148
Taxes payable1111011
Other undisclosed accounts payable and accrued liabilities727151720147
Deferred revenue1
Debt0365822
Disposal group, including discontinued operation  4    
Other undisclosed current liabilities12220201072
Total current liabilities:10524644382412
Noncurrent Liabilities
Long-term debt and lease obligation, including: 3440107
Long-term debt, excluding current maturities 3440  
Other undisclosed long-term debt and lease obligation     107
Liabilities, other than long-term debt2633100
Pension and other postretirement defined benefit plans, liabilities00
Deferred tax liabilities, net2221  
Liability, pension and other postretirement and postemployment benefits 0000 
Other liabilities24110  
Other undisclosed noncurrent liabilities     83
Total noncurrent liabilities:287711811
Total liabilities:12615251404223
Stockholders' equity
Stockholders' equity attributable to parent16121826273131
Common stock0000000
Additional paid in capital24242423231816
Accumulated other comprehensive income (loss)0(6)(6)(6)(6)(3)(1)
Retained earnings (accumulated deficit)(8)(6)(1)9101616
Total stockholders' equity:16121826273131
TOTAL LIABILITIES AND EQUITY:28737077677354

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues211061011141079288
Cost of revenue
(Cost of Goods and Services Sold)
(19)(87)(81)(91)(85)(74)(66)
Gross profit:1192023211822
Operating expenses(13)(21)(17)(22)(26)(16)(15)
Other operating income, net
(Other Expenses)
     10
Other undisclosed operating loss     (1)(0)
Operating income (loss):(12)(2)31(5)27
Nonoperating income (expense)1(1)(0)0(3)0(0)
Investment income, nonoperating4      
Foreign currency transaction gain (loss), before tax0    0(0)
Other nonoperating income (expense)(3)(1)(0)0(3)  
Interest and debt expense(0)(3)(2)(2)(1)(1)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes(0)    (1)(0)
Income (loss) from continuing operations before income taxes:(11)(5)1(0)(9)06
Income tax expense (benefit)(1)(0)(4)(1)3(1)(1)
Income (loss) from continuing operations:(12)(6)(3)(1)(6)(0)5
Income (loss) from discontinued operations11 (7)    
Net income (loss) available to common stockholders, diluted:(1)(6)(9)(1)(6)(0)5

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1)(6)(9)(1)(6)(0)5
Other comprehensive income (loss) (0)00(0)  
Comprehensive income (loss):(1)(6)(9)(1)(6)(0)5
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6(0)(0)(0)(2)(2)(0)
Comprehensive income (loss), net of tax, attributable to parent:4(6)(9)(1)(8)(2)5

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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