Power Solutions International Inc (PSIX) financial statements (2021 and earlier)

Company profile

Business Address 201 MITTEL DRIVE
WOOD DALE, IL 60191
State of Incorp. IL
Fiscal Year End December 31
SIC 351 - Engines And Turbines (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
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2100 876
Cash and cash equivalents2100 876
Restricted cash and investments3      
Receivables6410687701108243
Inventory, net of allowances, customer advances and progress billings108109106871309456
Inventory108109106871309456
Prepaid expense  34   
Contract with customer, asset  3
Other current assets  10   
Other undisclosed current assets681611495
Total current assets:203223216171253191110
Noncurrent Assets
Finance lease, right-of-use asset1 
Operating lease, right-of-use asset17 
Property, plant and equipment 232419262113
Intangible assets, net (including goodwill)404347517345
Goodwill303030304124 
Intangible assets, net (excluding goodwill)101317213221 
Other noncurrent assets212536764
Other undisclosed noncurrent assets3   1  
Total noncurrent assets:819174761077217
TOTAL ASSETS:284314290247360263127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1251421319023144
Accounts payable32768551   
Accrued liabilities936646381974
Employee-related liabilities    46 
Taxes payable     10
Interest and dividends payable1      
Deferred revenue48 
Debt105537 2 
Derivative instruments and hedges, liabilities  35    
Business combination, contingent consideration, liability   0  
Other undisclosed current liabilities6640  766128
Total current liabilities:239182221127997632
Noncurrent Liabilities
Long-term debt and lease obligation156555454218
Long-term debt, excluding current maturities156555454218
Liabilities, other than long-term debt38483333241
Deferred revenue318
Deferred tax liabilities, net   30
Deferred income tax liabilities111
Other liabilities3429328211
Derivative instruments and hedges, liabilities   25   
Other undisclosed noncurrent liabilities   1998925
Total noncurrent liabilities:3810488881549644
Total liabilities:27828530821525417276
Temporary equity, carrying amount  3939   
Stockholders' equity
Stockholders' equity attributable to parent628(19)321069150
Common stock0000000
Treasury stock, value(1)(10)(10)(10)(4)(4)(4)
Additional paid in capital157166126124757457
Retained earnings (accumulated deficit)(150)(127)(135)(82)3521(3)
Other undisclosed stockholders' equity  (39)(39)   
Total stockholders' equity:628(58)(7)1069150
TOTAL LIABILITIES AND EQUITY:284314290247360263127

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2015
12/31/2014
12/31/2013
Revenues418546496417389348238
Revenue, net 389348238
Cost of revenue
(Cost of Goods and Services Sold)
(359)(446)(437)(366)(327)(281)(193)
Gross profit:581005951636745
Operating expenses(80)(83)(95)(69)(54)(41)(30)
Operating income (loss):(22)17(37)(18)92615
Nonoperating income (expense)(5)(9)(18)(29)58(29)
Investment income, nonoperating (1)(10)(4)   
Other nonoperating income (expense)110(2)(0)(0)(0)
Interest and debt expense(0)(8)(8)(12)(4)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes    411
Income (loss) from continuing operations before equity method investments, income taxes:(27)1(62)(59)1435(14)
Loss from equity method investments     (0)(0)
Other undisclosed income from continuing operations before income taxes08812   
Income (loss) from continuing operations before income taxes:(27)9(55)(47)1434(14)
Income tax expense (benefit)4(0)(0)(0)0(11)(5)
Net income (loss):(23)8(55)(48)1424(19)
Other undisclosed net income attributable to parent     00
Net income (loss) attributable to parent:(23)8(55)(48)1424(19)
Preferred stock dividends and other adjustments   (38)   
Net income (loss) available to common stockholders, basic:(23)8(55)(85)1424(19)
Other undisclosed net loss available to common stockholders, diluted    (9)  
Net income (loss) available to common stockholders, diluted:(23)8(55)(85)524(19)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(23)8(55)(48)1424(19)
Comprehensive income (loss), net of tax, attributable to parent:(23)8(55)(48)1424(19)

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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