Smith-Midland Corporation (SMID) financial statements (2023 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)

12/31/2021
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 investments13,4928,7641,3641,9464,4884,5732,777
Cash and cash equivalents13,4928,7641,3641,9463,3903,5231,736
Short-term investments    1,0981,0501,042
Receivables10,0139,79812,72312,2818,9677,1886,795
Inventory, net of allowances, customer advances and progress billings(74)(72)(72)(65)(39)(67)(67)
Inventory(74)(72)(72)(65)(39)(67)(67)
Prepaid expense411 4329091,359251384
Other undisclosed current assets3,9094,8514,5846,5254,2573,9273,618
Total current assets:27,75123,34119,03121,59619,03215,87213,508
Noncurrent Assets
Property, plant and equipment21,92618,60217,73514,1029,8678,0085,074
Deferred costs3,3904,2375,0425,304   
Other noncurrent assets 319307367326173269
Other undisclosed noncurrent assets258      
Total noncurrent assets:25,57423,15823,08419,77310,1938,1815,343
TOTAL ASSETS:53,32546,49942,11541,36929,22524,05218,850
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7283,2113,3054,8223,6473,1582,719
Accounts payable2,0711,8663,1804,2123,0592,1401,744
Accrued liabilities6578751256105881,018975
Taxes payable 470     
Deferred revenue1,8651,7741,891
Debt4681,9431,9721,711637588436
Deferred revenue and credits1,144  
Deferred tax liabilities  640 
Other undisclosed current liabilities8,8481,9722,4345,1782,4066741,374
Total current liabilities:13,9098,9009,60211,7117,8345,0604,528
Noncurrent Liabilities
Long-term debt and lease obligation3,84610,8899,5652,7922,8963,3462,077
Long-term debt, excluding current maturities3,7246,8884,0862,7922,8963,3462,077
Finance lease, liability 3,7905,183
Operating lease, liability122211296
Liabilities, other than long-term debt1,9553,0612,127  1,404855
Deferred revenue 600241
Deferred tax liabilities, net  1,404855
Deferred income tax liabilities1,9552,4611,886
Other undisclosed noncurrent liabilities1,865  8,0191,290  
Total noncurrent liabilities:7,66613,95011,69210,8114,1864,7502,932
Total liabilities:21,57522,85021,29422,52212,0209,8097,460
Stockholders' equity
Stockholders' equity attributable to parent31,75023,64920,82118,84717,20514,24311,390
Common stock53525251515049
Treasury stock, value(102)(102)(102)(102)(102)(102)(102)
Additional paid in capital6,9356,4056,2425,9735,7195,1925,110
Accumulated other comprehensive loss  (10)(37)(19)(25)(9)
Retained earnings24,86417,29414,63912,96211,5569,1286,342
Total stockholders' equity:31,75023,64920,82118,84717,20514,24311,390
TOTAL LIABILITIES AND EQUITY:53,32546,49942,11541,36929,22524,05218,850

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
Revenues50,64243,86246,69140,22041,71740,05029,204
Revenue, net41,71740,05029,204
Cost of revenue
(Cost of Goods and Services Sold)
(36,222)(32,820)(36,722)(29,730)(30,136)(29,701)(22,094)
Gross profit:14,42011,0429,96910,49011,58110,3497,110
Operating expenses(8,252)(7,283)(7,423)(8,274)(7,866)(6,012)(5,534)
Other undisclosed operating income      92
Operating income:6,1683,7592,5462,2163,7154,3361,669
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2,92633(38)4326(39) 
Interest and debt expense2,692(217)(179)(176)(184)(163)(103)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2,692)21717917618416336
Income from continuing operations before income taxes:9,0943,7922,5082,2593,7414,2971,601
Income tax expense(1,524)(1,127)(549)(572)(1,057)(1,462)(557)
Net income available to common stockholders, diluted:7,5702,6651,9591,6872,6842,8351,044

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:7,5702,6651,9591,6872,6842,8351,044
Other comprehensive income (loss)  27(18)6(16)(3)
Comprehensive income, net of tax, attributable to parent:7,5702,6651,9861,6692,6902,8201,042

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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