Retractable Technologies, Inc. (RVP) Financial Statements (2023 and Earlier)

Company Profile

Business Address 511 LOBO LANE
LITTLE ELM, TX 75068-0009
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (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
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42,43225,64913,70610,64414,87816,19918,045
Cash and cash equivalents29,16317,5675,9359,64714,87816,19918,045
Short-term investments13,2698,0827,772996   
Receivables40,78432,9116,5645,0135,1063,2684,901
Inventory, net of allowances, customer advances and progress billings20,59010,2357,4517,5456,2067,0176,297
Inventory20,59010,2357,4517,5456,2067,0176,297
Other current assets7026846356454181931,568
Other undisclosed current assets  50    
Total current assets:104,50769,47828,40723,84726,60826,67730,811
Noncurrent Assets
Operating lease, right-of-use asset 3982
Nontrade receivables  50101188  
Property, plant and equipment87,92630,81710,63210,85211,35312,09211,468
Long-term investments and receivables   1,990   
Long-term investments   1,990   
Intangible assets, net (including goodwill)      257
Intangible assets, net (excluding goodwill)      257
Deferred income tax assets13,8664,631 
Other undisclosed noncurrent assets66636105
Total noncurrent assets:101,79735,49210,77112,94511,54812,10211,730
TOTAL ASSETS:206,305104,97139,17836,79238,15538,77942,541
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities35,03626,8717,9968,1327,4896,7427,846
Accounts payable20,40516,2565,0085,3704,9584,4725,698
Accrued liabilities7,1765,3732,3092,1571,9181,6681,322
Employee-related liabilities1,057827607541547536764
Taxes payable4,9604,366181011118
Interest and dividends payable1,438495555555555
Debt2891,031261406411430249
Total current liabilities:35,32527,9028,2578,5397,9007,1728,096
Noncurrent Liabilities
Long-term debt and lease obligation1,8142,7102,3782,6403,0813,4983,417
Long-term debt, excluding current maturities1,8142,7102,3782,6403,0813,4983,417
Liabilities, other than long-term debt69,99624,479     
Other liabilities69,99624,479     
Total noncurrent liabilities:71,81127,1892,3782,6403,0813,4983,417
Total liabilities:107,13555,09110,63511,17810,98110,67111,513
Stockholders' equity
Stockholders' equity attributable to parent, including:99,16949,88028,54225,61427,17428,10831,028
Treasury stock, value(5,271)      
Additional paid in capital63,02559,28561,66161,87262,09259,29058,268
Retained earnings (accumulated deficit)41,182(9,668)(33,891)(37,039)(35,700)(31,963)(28,022)
Other undisclosed stockholders' equity attributable to parent232263773781781781781
Total stockholders' equity:99,16949,88028,54225,61427,17428,10831,028
TOTAL LIABILITIES AND EQUITY:206,305104,97139,17836,79238,15538,77942,541

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues188,38281,86241,79733,27534,49429,82729,552
Revenue, net34,49429,82729,552
Cost of revenue
(Cost of Goods and Services Sold)
(93,030)(44,854)(27,659)(23,053)(24,522)(19,485)(18,987)
Gross profit:95,35337,00814,13810,2229,97210,34210,565
Operating expenses(22,757)(12,938)(11,166)(11,803)(13,750)(13,849)(13,773)
Other undisclosed operating income   261   
Operating income (loss):72,59524,0712,972(1,320)(3,779)(3,507)(3,208)
Nonoperating income
(Investment Income, Nonoperating)
 2,263351144662725
Interest and debt expense1,150(260)(167)(177)(211)(213)(220)
Other undisclosed income from continuing operations before equity method investments, income taxes      7,725
Income (loss) from continuing operations before equity method investments, income taxes:73,74626,0733,156(1,353)(3,924)(3,694)4,322
Other undisclosed income from continuing operations before income taxes1,205      
Income (loss) from continuing operations before income taxes:74,95126,0733,156(1,353)(3,924)(3,694)4,322
Income tax expense (benefit)(18,887)(1,850)(8)13188(1)(8)
Net income (loss) attributable to parent:56,06424,2233,148(1,340)(3,736)(3,695)4,314
Preferred stock dividends and other adjustments(242)(574)(703)(705)(705)(705)(709)
Other undisclosed net income available to common stockholders, basic 2,976    2,306
Net income (loss) available to common stockholders, diluted:55,82326,6252,446(2,045)(4,441)(4,400)5,911

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):56,06424,2233,148(1,340)(3,736)(3,695)4,314
Comprehensive income (loss), net of tax, attributable to parent:56,06424,2233,148(1,340)(3,736)(3,695)4,314

Statements Sources

The financial statements are based on the Company's filings with 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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