Smith Midland Corp (SMID) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3641,9464,4884,5732,7774,5864,051
Cash and cash equivalents1,3641,9463,3903,5231,7363,5723,136
Short-term investments  1,0981,0501,0421,013915
Receivables12,72312,2818,9677,1886,7954,0937,297
Inventory, net of allowances, customer advances and progress billings(72)(65)(39)(67)(67)(90)(90)
Inventory(72)(65)(39)(67)(67)(90)(90)
Prepaid expense4329091,359251384723 
Other undisclosed current assets4,5846,5254,2573,9273,6182,6242,778
Total current assets:19,03121,59619,03215,87213,50811,93614,036
Noncurrent Assets
Property, plant and equipment17,73514,1029,8678,0085,0744,1074,323
Deferred costs5,0425,304     
Other noncurrent assets307367326173269255298
Total noncurrent assets:23,08419,77310,1938,1815,3434,3624,621
TOTAL ASSETS:42,11541,36929,22524,05218,85016,29818,657
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3054,8223,6473,1582,7191,6923,152
Accounts payable3,1804,2123,0592,1401,7441,1531,518
Accrued liabilities1256105881,0189755401,332
Taxes payable      302
Deferred revenue1,891
Debt1,9721,711637588436364364
Deferred revenue and credits1,144    
Deferred tax liabilities  640 (441)(475)
Other undisclosed current liabilities2,4345,1782,4066741,3741,3161,023
Total current liabilities:9,60211,7117,8345,0604,5282,9314,064
Noncurrent Liabilities
Long-term debt and lease obligation9,5652,7922,8963,3462,0772,2302,545
Long-term debt, excluding current maturities4,0862,7922,8963,3462,0772,2302,545
Finance lease, liability5,183
Operating lease, liability296
Liabilities, other than long-term debt2,127  1,404855663630
Deferred revenue241
Deferred tax liabilities, net  1,404855663630
Deferred income tax liabilities1,886
Other undisclosed noncurrent liabilities 8,0191,290    
Total noncurrent liabilities:11,69210,8114,1864,7502,9322,8933,175
Total liabilities:21,29422,52212,0209,8097,4605,8247,238
Stockholders' equity
Stockholders' equity attributable to parent20,82118,84717,20514,24311,39010,47411,418
Common stock52515150494949
Treasury stock, value(102)(102)(102)(102)(102)(102)(102)
Additional paid in capital6,2425,9735,7195,1925,1105,0415,041
Accumulated other comprehensive loss(10)(37)(19)(25)(9)(7)(41)
Retained earnings14,63912,96211,5569,1286,3425,4926,472
Total stockholders' equity:20,82118,84717,20514,24311,39010,47411,418
TOTAL LIABILITIES AND EQUITY:42,11541,36929,22524,05218,85016,29818,657

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues46,69140,22041,71740,05029,20422,47127,711
Revenue, net41,71740,05029,20422,47127,711
Cost of revenue
(Cost of Goods and Services Sold)
(36,722)(29,730)(30,136)(29,701)(22,094)(18,625)(21,139)
Gross profit:9,96910,49011,58110,3497,1103,8466,572
Operating expenses(7,423)(8,274)(7,866)(6,012)(5,534)(5,198)(5,411)
Other undisclosed operating income    92157119
Operating income (loss):2,5462,2163,7154,3361,669(1,195)1,280
Nonoperating income (expense)(38)4326(39)  (69)
Investment income, nonoperating      (69)
Other nonoperating income (expense)(38)4326(39)   
Interest and debt expense(179)(176)(184)(163)(103)(116)(132)
Other undisclosed income from continuing operations before equity method investments, income taxes1791761841633683
Income (loss) from continuing operations before income taxes:2,5082,2593,7414,2971,601(1,303)1,083
Income tax expense (benefit)(549)(572)(1,057)(1,462)(557)498(391)
Net income (loss) available to common stockholders, diluted:1,9591,6872,6842,8351,044(805)692

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):1,9591,6872,6842,8351,044(805)692
Other comprehensive income (loss)27(18)6(16)(3)34(41)
Comprehensive income (loss):1,9861,6692,6902,8201,042(770)650
Other undisclosed comprehensive loss, net of tax, attributable to parent     (41) 
Comprehensive income (loss), net of tax, attributable to parent:1,9861,6692,6902,8201,042(811)650

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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