Smith Midland Corp (SMID) financial statements (2021 and earlier)

Company profile

Business Address ROUTE 28
MIDLAND, VA 22728
State of Incorp. DE
Fiscal Year End December 31
SIC 3272 - Concrete Products, Except Block and Brick (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,7641,3641,9464,4884,5732,7774,586
Cash and cash equivalents8,7641,3641,9463,3903,5231,7363,572
Short-term investments   1,0981,0501,0421,013
Receivables9,79812,72312,2818,9677,1886,7954,093
Inventory, net of allowances, customer advances and progress billings(72)(72)(65)(39)(67)(67)(90)
Inventory(72)(72)(65)(39)(67)(67)(90)
Prepaid expense 4329091,359251384723
Other undisclosed current assets4,8514,5846,5254,2573,9273,6182,624
Total current assets:23,34119,03121,59619,03215,87213,50811,936
Noncurrent Assets
Property, plant and equipment18,60217,73514,1029,8678,0085,0744,107
Deferred costs4,2375,0425,304    
Other noncurrent assets319307367326173269255
Total noncurrent assets:23,15823,08419,77310,1938,1815,3434,362
TOTAL ASSETS:46,49942,11541,36929,22524,05218,85016,298
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2113,3054,8223,6473,1582,7191,692
Accounts payable1,8663,1804,2123,0592,1401,7441,153
Accrued liabilities8751256105881,018975540
Taxes payable470      
Deferred revenue1,7741,891
Debt1,9431,9721,711637588436364
Deferred revenue and credits1,144   
Deferred tax liabilities  640 (441)
Other undisclosed current liabilities1,9722,4345,1782,4066741,3741,316
Total current liabilities:8,9009,60211,7117,8345,0604,5282,931
Noncurrent Liabilities
Long-term debt and lease obligation10,8899,5652,7922,8963,3462,0772,230
Long-term debt, excluding current maturities6,8884,0862,7922,8963,3462,0772,230
Finance lease, liability3,7905,183
Operating lease, liability211296
Liabilities, other than long-term debt3,0612,127  1,404855663
Deferred revenue600241
Deferred tax liabilities, net  1,404855663
Deferred income tax liabilities2,4611,886
Other undisclosed noncurrent liabilities  8,0191,290   
Total noncurrent liabilities:13,95011,69210,8114,1864,7502,9322,893
Total liabilities:22,85021,29422,52212,0209,8097,4605,824
Stockholders' equity
Stockholders' equity attributable to parent23,64920,82118,84717,20514,24311,39010,474
Common stock52525151504949
Treasury stock, value(102)(102)(102)(102)(102)(102)(102)
Additional paid in capital6,4056,2425,9735,7195,1925,1105,041
Accumulated other comprehensive loss (10)(37)(19)(25)(9)(7)
Retained earnings17,29414,63912,96211,5569,1286,3425,492
Total stockholders' equity:23,64920,82118,84717,20514,24311,39010,474
TOTAL LIABILITIES AND EQUITY:46,49942,11541,36929,22524,05218,85016,298

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues43,86246,69140,22041,71740,05029,20422,471
Revenue, net41,71740,05029,20422,471
Cost of revenue
(Cost of Goods and Services Sold)
(32,820)(36,722)(29,730)(30,136)(29,701)(22,094)(18,625)
Gross profit:11,0429,96910,49011,58110,3497,1103,846
Operating expenses(7,283)(7,423)(8,274)(7,866)(6,012)(5,534)(5,198)
Other undisclosed operating income     92157
Operating income (loss):3,7592,5462,2163,7154,3361,669(1,195)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
33(38)4326(39)  
Interest and debt expense(217)(179)(176)(184)(163)(103)(116)
Other undisclosed income from continuing operations before equity method investments, income taxes217179176184163368
Income (loss) from continuing operations before income taxes:3,7922,5082,2593,7414,2971,601(1,303)
Income tax expense (benefit)(1,127)(549)(572)(1,057)(1,462)(557)498
Net income (loss) available to common stockholders, diluted:2,6651,9591,6872,6842,8351,044(805)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):2,6651,9591,6872,6842,8351,044(805)
Other comprehensive income (loss) 27(18)6(16)(3)34
Comprehensive income (loss):2,6651,9861,6692,6902,8201,042(770)
Other undisclosed comprehensive loss, net of tax, attributable to parent      (41)
Comprehensive income (loss), net of tax, attributable to parent:2,6651,9861,6692,6902,8201,042(811)

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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