Smart Sand, Inc. (SND) financial statements (2022 and earlier)

Company profile

Business Address 1725 HUGHES LANDING BOULEVARD
THE WOODLANDS, TX 77380
State of Incorp. DE
Fiscal Year End December 31
SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,58811,7252,6391,46634,74046,563
Cash and cash equivalents25,58811,7252,6391,46634,74046,563
Restricted cash and investments    487971
Receivables24,18469,84764,81726,81224,5975,771
Inventory, net of allowances, customer advances and progress billings15,02419,13621,41518,5759,09210,344
Inventory15,02419,13621,41518,5759,09210,344
Prepaid expense731   1,112861
Other undisclosed current assets8,33611,3781,5063,2432,709514
Total current assets:73,863112,08690,37750,09672,73765,024
Noncurrent Assets
Inventory, Noncurrent     3,155
Operating lease, right-of-use asset29,82832,099 
Property, plant and equipment262,465274,676230,461248,396172,202104,096
Intangible assets, net (including goodwill)7,4618,2539,04618,068  
Intangible assets, net (excluding goodwill)7,4618,2539,04618,068  
Deferred costs     1,154
Other noncurrent assets4025633,5413,39897123
Other undisclosed noncurrent assets  28,178334892 
Total noncurrent assets:300,156315,591271,226270,196174,065108,428
TOTAL ASSETS:374,019427,677361,603320,292246,802173,452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22,55213,45411,58215,51228,35410,727
Accounts payable8,4793,2683,96111,33626,1231,663
Accrued liabilities14,0736,1153,6162,2821,5641,051
Employee-related liabilities 1,0482,2331,894667955
Taxes payable 3,0231,772  7,058
Deferred revenue9,8426,8757,654
Debt7,1276,90119,283829860956
Deferred revenue and credits7128611,615
Other undisclosed current liabilities9,02910,0331,4997,5994,484424
Total current liabilities:48,55037,26340,01824,65234,55913,722
Noncurrent Liabilities
Long-term debt and lease obligation39,04349,46543,70947,893 860
Long-term debt, excluding current maturities15,35322,44528,24047,893 288
Capital lease obligations  572
Operating lease, liability23,69027,02015,469
Liabilities, other than long-term debt45,26652,14233,73338,38722,22116,428
Deferred revenue6,4283,4821,670
Asset retirement obligations16,15514,9966,14213,3228,9821,384
Deferred tax liabilities, net17,89813,23915,044
Deferred income tax liabilities22,43432,98124,021
Other liabilities249503    
Business combination, contingent consideration, liability 1801,9007,167  
Total noncurrent liabilities:84,309101,60777,44286,28022,22117,288
Total liabilities:132,859138,870117,460110,93256,78031,010
Stockholders' equity
Stockholders' equity attributable to parent241,160288,807244,143209,360190,022142,442
Common stock424240404039
Treasury stock, value(4,535)(4,134)(2,979)(2,839)(666)(539)
Additional paid in capital174,486171,209165,223162,195159,059132,879
Accumulated other comprehensive income (loss)574423(41)(313)  
Retained earnings70,593121,26781,90050,27731,58910,063
Total stockholders' equity:241,160288,807244,143209,360190,022142,442
TOTAL LIABILITIES AND EQUITY:374,019427,677361,603320,292246,802173,452

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues126,648122,340233,073212,470137,21259,231
Revenue, net55,7686,212
Cost of revenue
(Cost of Goods and Services Sold)
(140,384)(104,221)(152,021)(144,903)(100,304)(26,569)
Other undisclosed gross profit(2,170)     
Gross profit:(15,906)18,11981,05267,56736,90832,662
Operating expenses(47,579)(31,136)(37,569)(41,688)(18,203)(12,271)
Operating income (loss):(63,485)(13,017)43,48325,87918,70520,391
Nonoperating income (expense)3,79437,991(4,051)(2,069)12433
Investment income, nonoperating 39,600    
Interest and debt expense(28)(105)(212)(300)(455)(1,051)
Income (loss) from continuing operations before equity method investments, income taxes:(59,719)24,86939,22023,51018,26219,773
Other undisclosed income from continuing operations before income taxes28105212300455 
Income (loss) from continuing operations before income taxes:(59,691)24,97439,43223,81018,71719,773
Income tax expense (benefit)9,01712,980(7,809)(5,122)2,809(9,394)
Net income (loss) available to common stockholders, diluted:(50,674)37,95431,62318,68821,52610,379

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(50,674)37,95431,62318,68821,52610,379
Comprehensive income (loss):(50,674)37,95431,62318,68821,52610,379
Other undisclosed comprehensive income (loss), net of tax, attributable to parent151464272(313)  
Comprehensive income (loss), net of tax, attributable to parent:(50,523)38,41831,89518,37521,52610,379

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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