Power Solutions International Inc (PSIX) financial statements (2022 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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,25520,968354 8,4456,561
Cash and cash equivalents6,25520,968354 8,4456,561
Restricted cash and investments3,4773,299     
Receivables69,38663,856105,57087,44469,678109,59581,740
Inventory, net of allowances, customer advances and progress billings142,192108,213108,839105,61486,724130,34793,903
Inventory142,192108,213108,839105,61486,724130,34793,903
Prepaid expense   3,2603,710  
Contract with customer, asset   2,926
Other current assets   74286  
Other undisclosed current assets8,9186,3518,11015,98910,5634,2888,799
Total current assets:230,228202,687222,522216,029170,761252,675191,003
Noncurrent Assets
Finance lease, right-of-use asset364568 
Operating lease, right-of-use asset13,54517,104 
Property, plant and equipment  23,19424,26618,96026,00120,892
Intangible assets, net (including goodwill)37,61940,15443,20746,84551,32673,21144,938
Goodwill29,83529,83529,83529,83529,83541,46623,546
Intangible assets, net (excluding goodwill)7,78410,31913,37217,01021,49131,74521,392
Other noncurrent assets15,34720,95524,7492,7425,9727,2305,804
Other undisclosed noncurrent assets3,4352,509   819 
Total noncurrent assets:70,31081,29091,15073,85376,258107,26171,634
TOTAL ASSETS:300,538283,977313,672289,882247,019359,936262,637
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities128,057124,989141,865130,91889,58723,18413,504
Accounts payable93,25631,54775,83585,21851,225  
Accrued liabilities34,80192,54766,03045,70038,36219,1756,742
Employee-related liabilities     4,0095,983
Taxes payable      779
Interest and dividends payable 895     
Deferred revenue 47,960 
Debt 51019554,61337,055 1,667
Derivative instruments and hedges, liabilities   35,100   
Business combination, contingent consideration, liability    12  
Other undisclosed current liabilities155,25466,01739,527  76,07860,877
Total current liabilities:283,311239,476181,587220,631126,65499,26276,048
Noncurrent Liabilities
Long-term debt and lease obligation25,89678155,65754,71254,43953,8202,361
Long-term debt, excluding current maturities25,63678155,65754,71254,43953,8202,361
Finance lease, liability260  
Liabilities, other than long-term debt33,61437,62347,93133,11733,0511,7764,363
Deferred revenue3,3303,18117,998
Deferred tax liabilities, net   3,241
Deferred income tax liabilities1,0168861,105647
Other liabilities29,26833,55628,82832,4708,3511,7761,122
Derivative instruments and hedges, liabilities    24,700  
Other undisclosed noncurrent liabilities(260)   70398,78189,066
Total noncurrent liabilities:59,25038,404103,58887,82988,193154,37795,790
Total liabilities:342,561277,880285,175308,460214,847253,639171,838
Temporary equity, carrying amount   39,30039,300  
Stockholders' equity
Stockholders' equity attributable to parent(42,023)6,09728,497(18,578)32,172106,29790,799
Common stock23232319191212
Treasury stock, value(1,116)(1,294)(10,141)(9,849)(9,538)(4,250)(4,250)
Additional paid in capital157,436157,262165,527126,412123,83875,17973,959
Retained earnings (accumulated deficit)(198,366)(149,894)(126,912)(135,160)(82,147)35,35621,078
Other undisclosed stockholders' equity   (39,300)(39,300)  
Total stockholders' equity:(42,023)6,09728,497(57,878)(7,128)106,29790,799
TOTAL LIABILITIES AND EQUITY:300,538283,977313,672289,882247,019359,936262,637

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2015
12/31/2014
Revenues456,255417,639546,076496,038416,616389,446347,995
Revenue, net 389,446347,995
Cost of revenue
(Cost of Goods and Services Sold)
(414,984)(359,191)(446,188)(437,269)(365,623)(326,612)(280,950)
Gross profit:41,27158,44899,88858,76950,99362,83467,045
Operating expenses(82,841)(80,172)(82,685)(95,474)(69,039)(53,639)(41,001)
Operating income (loss):(41,570)(21,724)17,203(36,705)(18,046)9,19526,044
Nonoperating income (expense)(7,308)(4,971)(8,546)(17,852)(29,123)4,6958,495
Investment income, nonoperating  (1,352)(10,400)(4,000)  
Other nonoperating income (expense)(1)1,240677176(2,361)(229)(183)
Interest and debt expense(7,307)(497)(7,871)(7,628)(11,921)(4,327)(1,331)
Other undisclosed income from continuing operations before equity method investments, income taxes     4,3271,331
Income (loss) from continuing operations before equity method investments, income taxes:(56,185)(27,192)786(62,185)(59,090)13,89034,539
Loss from equity method investments      (209)
Other undisclosed income from continuing operations before income taxes7,3074977,8717,62811,921  
Income (loss) from continuing operations before income taxes:(48,878)(26,695)8,657(54,557)(47,169)13,89034,330
Income tax expense (benefit)4063,713(409)(169)(443)388(10,813)
Net income (loss):(48,472)(22,982)8,248(54,726)(47,612)14,27823,517
Other undisclosed net income attributable to parent      209
Net income (loss) attributable to parent:(48,472)(22,982)8,248(54,726)(47,612)14,27823,726
Preferred stock dividends and other adjustments    (37,860)  
Net income (loss) available to common stockholders, basic:(48,472)(22,982)8,248(54,726)(85,472)14,27823,726
Other undisclosed net loss available to common stockholders, diluted     (9,299) 
Net income (loss) available to common stockholders, diluted:(48,472)(22,982)8,248(54,726)(85,472)4,97923,726

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2015
12/31/2014
Net income (loss):(48,472)(22,982)8,248(54,726)(47,612)14,27823,517
Comprehensive income (loss), net of tax, attributable to parent:(48,472)(22,982)8,248(54,726)(47,612)14,27823,517

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: