SIFCO Industries, Inc. (SIF) financial statements (2023 and earlier)

Company profile

Business Address 970 E 64TH ST
CLEVELAND, OH 44103
State of Incorp. OH
Fiscal Year End September 30
SIC 3724 - Aircraft Engines and Engine Parts (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7483464273411,2521,399471
Cash and cash equivalents7483464273411,2521,399471
Receivables15,03420,01524,87523,15928,00125,89425,158
Inventory, net of allowances, customer advances and progress billings14,97912,54615,56910,50918,26920,38128,496
Inventory14,97912,54615,56910,50918,26920,38128,496
Contract with customer, asset13,30712,87411,99710,349 
Assets held-for-sale, not part of disposal group    352,524 
Other undisclosed current assets1,2591,7922,3385,1002,0261,9363,950
Total current assets:45,32747,57355,20649,45849,58352,13458,075
Noncurrent Assets
Finance lease, right-of-use asset223489 
Operating lease, right-of-use asset15,70915,94317,021 
Property, plant and equipment   39,61035,39039,50848,958
Intangible assets, net (including goodwill)4,2314,3675,3836,81317,09618,98422,886
Goodwill3,4933,4933,4933,49312,02012,17011,748
Intangible assets, net (excluding goodwill)7388741,8903,3205,0766,81411,138
Regulated entity, other noncurrent assets293220    
Other noncurrent assets9177137218168261538
Other undisclosed noncurrent assets42,36442,64244,092    
Total noncurrent assets:62,44663,09566,74246,64152,65458,75372,382
TOTAL ASSETS:107,773110,668121,94896,099102,237110,887130,457
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,30616,68222,29225,35620,62019,60819,754
Accounts payable11,7569,81114,00219,79915,51312,81714,520
Accrued liabilities6,5506,8718,2905,5575,1076,7915,234
Debt9,3018,93012,87015,54221,25318,55731,009
Other undisclosed current liabilities8,62910,3548,1355,7865,9447,560 
Total current liabilities:36,23635,96643,29746,68447,81745,72550,763
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,5582,6694,6062,0522,3325,1517,623
Long-term debt, excluding current maturities3,5582,6694,6062,0522,3325,1517,623
Finance lease, liability3522 
Operating lease, liability15,24815,43916,188 
Other undisclosed long-term debt and lease obligation(15,251)(15,444)(16,210)    
Liabilities, other than long-term debt6,7506,99412,35611,3095,5396,68311,701
Deferred tax liabilities, net  2,929
Deferred income tax liabilities1181581,4001,718
Liability for uncertainty in income taxes 2222 5369 
Liability, pension and other postretirement and postemployment benefits5,8916,07310,1659,5285,3396,1848,341
Other liabilities74174176963147430431
Total noncurrent liabilities:10,3089,66316,96213,3617,87111,83419,324
Total liabilities:46,54445,62960,25960,04555,68857,55970,087
Stockholders' equity
Stockholders' equity attributable to parent45,98149,62245,52336,05444,18950,13160,370
Common stock6,0035,9875,9165,7775,6905,5965,525
Additional paid in capital11,15611,11810,73610,43810,0319,5199,219
Accumulated other comprehensive loss(9,083)(9,079)(13,468)(13,309)(8,629)(9,251)(12,850)
Retained earnings37,90541,59642,33933,14837,09744,26758,476
Total stockholders' equity:45,98149,62245,52336,05444,18950,13160,370
Other undisclosed liabilities and equity15,24815,41716,166 2,3603,197 
TOTAL LIABILITIES AND EQUITY:107,773110,668121,94896,099102,237110,887130,457

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues93,76099,591113,573112,454111,212121,458119,121
Revenue, net121,458119,121
Cost of revenue
(Cost of Goods and Services Sold)
(86,470)(88,386)(93,611)(101,817)(101,110)(108,094)(107,039)
Gross profit:7,29011,20519,96210,63710,10213,36412,082
Operating expenses(14,157)(12,098)(9,645)(25,216)(16,921)(19,941)(24,116)
Other undisclosed operating income (loss)(209)(209)(174)7,535905(4,957)(31)
Operating income (loss):(7,076)(1,102)10,143(7,044)(5,914)(11,534)(12,065)
Nonoperating income (expense)(130)(225)(277)(106)522602447
Foreign currency transaction gain (loss), before tax(21)(23)(51)7114(47)(33)
Other nonoperating income (expense)(109)(202)(226)(117)400593429
Interest and debt expense(587)(638)(886)(1,057)(2,139)(2,208)(1,715)
Income (loss) from continuing operations before income taxes:(7,793)(1,965)8,980(8,207)(7,531)(13,140)(13,333)
Income tax expense (benefit)3661,222211701361(1,069)1,998
Net income (loss) available to common stockholders, diluted:(7,427)(743)9,191(7,506)(7,170)(14,209)(11,335)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):(7,427)(743)9,191(7,506)(7,170)(14,209)(11,335)
Comprehensive income (loss):(7,427)(743)9,191(7,506)(7,170)(14,209)(11,335)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,8874,389(159)(4,680)6223,599(862)
Comprehensive income (loss), net of tax, attributable to parent:(3,540)3,6469,032(12,186)(6,548)(10,610)(12,197)

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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