SPAR Group, Inc. (SGRP) financial statements (2023 and earlier)

Company profile

Business Address 1910 OPDYKE COURT
AUBURN HILLS, MI 48326
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 15,97210,4587,1118,8277,324
Cash and cash equivalents 15,97210,4587,1118,8277,324
Receivables 46,91449,29946,14235,96433,669
Deferred tax assets  471
Other undisclosed current assets 3,6312,4041,8792,0311,299
Total current assets: 66,51762,16155,13246,82242,763
Noncurrent Assets
Operating lease, right-of-use asset 2,9004,948
Property, plant and equipment 2,7952,8482,9502,7122,536
Intangible assets, net (including goodwill) 6,0156,5807,1203,4704,187
Goodwill 3,7603,7843,7881,8361,847
Intangible assets, net (excluding goodwill) 2,2552,7963,3321,6342,340
Deferred income tax assets 4,2011,883
Other noncurrent assets 1,6011,1151,3251,9291,142
Deferred tax assets, net2,5683,0556,612
Total noncurrent assets: 17,51217,37413,96311,16614,477
TOTAL ASSETS: 84,02979,53569,09557,98857,240
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 7,8599,1868,6687,3415,567
Accounts payable 7,8599,1868,6687,3415,567
Deferred revenue 1,799594
Debt 9,3298,93210,4146,8399,778
Due to related parties 3,7754,6664,6453,0263,349
Deferred tax liabilities  2,389
Customer advances and deposits1,5391,305
Contract with customer, liability620
Other liabilities 18,74518,54818,16813,5819,766
Other undisclosed current liabilities 1,3982,828   
Total current liabilities: 42,90544,75442,51532,32632,154
Noncurrent Liabilities
Long-term debt and lease obligation 2,5023,4201,8061074
Long-term debt, excluding current maturities 1,0001,3001,8061074
Operating lease, liability 1,5022,120
Other undisclosed noncurrent liabilities (1,502)(2,120)   
Total noncurrent liabilities: 2,5023,4201,8061074
Total liabilities: 45,40748,17444,32132,43332,158
Stockholders' equity
Stockholders' equity attributable to parent 22,15918,95516,29819,65018,089
Common stock 211211208207207
Treasury stock, value (2)(2)(8)(115)(51)
Additional paid in capital 16,64516,51116,30416,27116,093
Accumulated other comprehensive loss (3,913)(3,616)(3,638)(1,690)(3,995)
Retained earnings 9,2185,8513,4324,9775,835
Stockholders' equity attributable to noncontrolling interest 16,46312,4068,4765,9056,993
Total stockholders' equity: 38,62231,36124,77425,55525,082
TOTAL LIABILITIES AND EQUITY: 84,02979,53569,09557,98857,240

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 230,517252,876229,191181,381134,324
Revenue, net181,381134,324
Cost of revenue (185,329)(203,626)(184,904)(144,601)(104,781)
Gross profit: 45,18849,25044,28736,78029,543
Operating expenses (35,466)(39,059)(40,558)(32,690)(27,341)
Operating income: 9,72210,1913,7294,0902,202
Nonoperating income
(Other Nonoperating income)
 242266406401128
Interest and debt expense    (337)(133)
Income from continuing operations before income taxes: 9,96410,4574,1354,1542,197
Income tax expense (312)(3,578)(1,402)(2,977)(441)
Income before gain (loss) on sale of properties: 9,6526,8792,7331,1771,756
Other undisclosed net loss (690)(1,046)(1,095)  
Net income: 8,9625,8331,6381,1771,756
Net loss attributable to noncontrolling interest (5,595)(3,414)(3,189)(2,100)(1,583)
Net income (loss) available to common stockholders, diluted: 3,3672,419(1,551)(923)173

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income: 8,9625,8331,6381,1771,756
Other comprehensive income (loss) (1,835)538(3,284)1,315(1,126)
Comprehensive income (loss): 7,1276,371(1,646)2,492630
Comprehensive loss, net of tax, attributable to noncontrolling interest (4,057)(3,930)(1,837)(2,698)(1,583)
Comprehensive income (loss), net of tax, attributable to parent: 3,0702,441(3,483)(206)(953)

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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