SMTC Corporation (SMTX) financial statements (2022 and earlier)

Company profile

Business Address 7050 WOODBINE AVENUE
MARKHAM, ON L3R4G8
State of Incorp. DE
Fiscal Year End December 31
SIC 3672 - Printed Circuit Boards (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 investments6001,3681,6015,5368,5036,0995,447
Cash and cash equivalents6001,3681,6015,5368,5036,0995,447
Restricted cash and investments     805 
Receivables69,93469,91973,14629,11022,64130,34631,383
Inventory, net of allowances, customer advances and progress billings49,79947,82653,20322,36320,67425,87731,590
Inventory49,79947,82653,20322,36320,67425,87731,590
Prepaid expense7,8727,0445,5482,1422,4531,9832,135
Contract with customer, asset39,33626,27120,405
Derivative instruments and hedges, assets1,055  37   
Deferred tax assets  226352 
Other undisclosed current assets  15   428
Total current assets:168,596152,428153,91859,18854,49765,46270,983
Noncurrent Assets
Operating lease, right-of-use asset7,7913,330
Property, plant and equipment24,30525,31028,16010,26914,43716,44317,590
Intangible assets, net (including goodwill)27,86630,91238,100    
Goodwill18,16518,16518,165    
Intangible assets, net (excluding goodwill)9,70112,74719,935    
Deferred costs     6890
Deferred income tax assets569540
Deferred tax assets, net380305   
Other undisclosed noncurrent assets8128596689470  
Total noncurrent assets:61,34360,95167,30810,66814,50716,51117,680
TOTAL ASSETS:229,939213,379221,22669,85669,00481,97388,663
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities95,03285,44795,96332,43830,00639,75840,968
Accounts payable72,60874,12676,89325,02823,07831,04529,425
Accrued liabilities21,94611,16413,0404,8774,6045,5627,080
Employee-related liabilities  5,6372,4852,1342,6494,014
Taxes payable4781571248190502449
Interest and dividends payable  381    
Debt36,93937,0551,547174389(538)(980)
Derivative instruments and hedges, liabilities   3751,2562,0872,703
Restructuring reserve2,4431,597     
Business combination, contingent consideration, liability  3,050    
Other undisclosed current liabilities8,3232,98022,37911,7062,59710,14819,316
Total current liabilities:142,737127,079122,93944,69334,24851,45562,007
Noncurrent Liabilities
Long-term debt and lease obligation, including:46,01245,2039,94789269222866
Long-term debt, excluding current maturities30,93033,75056,0396,0008,0004,000 
Finance lease, liability9,4928,838
Capital lease obligations9,94789269222866
Operating lease, liability5,5902,615
Other undisclosed long-term debt and lease obligation  (56,039)(6,000)(8,000)(4,000) 
Other undisclosed noncurrent liabilities(5,590) 56,039    
Total noncurrent liabilities:46,01245,20365,98689269222866
Total liabilities:188,749172,282188,92544,78234,51751,67762,873
Stockholders' equity
Stockholders' equity attributable to parent41,19041,09732,30119,07426,48726,29625,790
Common stock511508458396391391390
Additional paid in capital294,060293,389278,648265,355264,928264,505263,996
Accumulated deficit(253,381)(252,800)(246,805)(246,677)(238,832)(238,600)(238,596)
Total stockholders' equity:41,19041,09732,30119,07426,48726,29625,790
Other undisclosed liabilities and equity   6,0008,0004,000 
TOTAL LIABILITIES AND EQUITY:229,939213,379221,22669,85669,00481,97388,663

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
Revenues386,450372,511216,131139,231167,868220,616228,577
Cost of revenue(343,177)(335,490)(194,470)(128,380)(152,841)(202,899)(209,623)
Cost of goods and services sold(343,177)(335,490)(194,470) (442)(673)(475)
Gross profit:43,27337,02121,66110,85115,02717,71718,954
Operating expenses(29,602)(34,995)(18,315)(17,233)(14,184)(15,865)(19,317)
Other undisclosed operating income (loss)(4,125)3,329     
Operating income (loss):9,5465,3553,346(6,382)8431,852(363)
Nonoperating expense
(Investment Income, Nonoperating)
      (1,822)
Interest and debt expense(8,049)(10,562)(3,117)(903)(788)(1,183)(1,693)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(852)     1,822
Income (loss) from continuing operations before income taxes:645(5,207)229(7,285)55669(2,056)
Income tax expense(1,226)(788)(677)(560)(287)(673)(1,822)
Net loss available to common stockholders, diluted:(581)(5,995)(448)(7,845)(232)(4)(3,878)

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 loss:(581)(5,995)(448)(7,845)(232)(4)(3,878)
Comprehensive loss, net of tax, attributable to parent:(581)(5,995)(448)(7,845)(232)(4)(3,878)

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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