Steel Partners Holdings LP (SPLP) financial statements (2022 and earlier)

Company profile

Business Address 590 MADISON AVENUE, 32ND FLOOR
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
SIC 339 - Miscellaneous Primary Metal Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments325136149336477504267
Cash and cash equivalents325136148335419450186
Short-term investments 001585481
Restricted cash and investments   12161322
Receivables330217321151428279
Inventory, net of allowances, customer advances and progress billings184137168159143119102
Inventory184137168159143119102
Disposal group, including discontinued operation      3
Other undisclosed current assets44431445243335127247
Total current assets:1,2848031,0901,0921,029916719
Noncurrent Assets
Operating lease, right-of-use asset3730 
Property, plant and equipment235229262297272261255
Long-term investments and receivables7732,474472422324182229
Long-term investments261291276258236120167
Accounts and financing receivable, after allowance for credit loss5112,183196164886262
Intangible assets, net (including goodwill)268289308367369395241
Goodwill148151150184170167102
Intangible assets, net (excluding goodwill)120139159184199227139
Disposal group, including discontinued operation, noncurrent assets      3
Estimated insurance recoveries  10    
Deferred income tax assets 67 
Other noncurrent assets79427180613127
Other undisclosed noncurrent assets  11996109183210
Total noncurrent assets:1,3913,1311,2421,2641,1351,052965
TOTAL ASSETS:2,6753,9342,3322,3562,1641,9671,685
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities210171219199179171121
Accounts payable1231011001061058960
Accrued liabilities877012093748261
Deferred revenue3  
Debt2201742644
Derivative instruments and hedges, liabilities   12161322
Due to related parties2400211
Disposal group, including discontinued operation    000
Financial instruments subject to mandatory redemption, settlement terms, share value, amount  40    
Other liabilities55464322112019
Other undisclosed current liabilities443276615432305197154
Total current liabilities:715517936670515466321
Noncurrent Liabilities
Long-term debt and lease obligation301350391478413330238
Long-term debt, excluding current maturities270323391478413330236
Finance lease, liability45 
Capital lease obligations   2
Operating lease, liability2822 
Liabilities, other than long-term debt133226211227284295290
Deferred tax liabilities, net   5
Deferred income tax liabilities142 
Liability, pension and other postretirement and postemployment benefits82183196206268285277
Other liabilities3640152116109
Other undisclosed noncurrent liabilities8582,30231846238517295
Total noncurrent liabilities:1,2912,8789201,1671,082797623
Total liabilities:2,0063,3951,8561,8371,5971,263944
Stockholders' equity
Stockholders' equity attributable to parent(132)(173)(191)(177)(106)(69)(54)
Accumulated other comprehensive loss(132)(173)(191)(177)(106)(69)(54)
Other undisclosed stockholders' equity801712668697673773795
Total stockholders' equity:669539476519567704740
TOTAL LIABILITIES AND EQUITY:2,6753,9342,3322,3562,1641,9671,685

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,5251,3111,5621,5851,3721,164998
Revenue, net1,156999763
Cost of revenue(1,020)(894)(43)(1,110)(6)(816)(0)
Cost of goods and services sold(1,004)(860) (1,110) (816) 
Provision for loan, lease, and other losses(0)(22)(43) 
Financial services costs(6) (0)
Gross profit:5054171,5184751,366348998
Operating expenses(304)(292)(1,534)(1,594)(1,332)(1,141)(975)
Other operating income, net385     
Operating income (loss):239130(16)(1,119)35(793)23
Interest and debt expense(22)(30)(41)(39)(1)(11)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes 25851,14968279
Income (loss) from continuing operations before equity method investments, income taxes:21712528(9)402223
Income (loss) from equity method investments     4(35)
Other undisclosed income (loss) from continuing operations before income taxes(16)2633(10)17 3
Income (loss) from continuing operations before income taxes:20115161(19)5727(8)
Income tax expense (benefit)(84)(38)(16)(13)(51)(24)79
Other undisclosed income (loss) from continuing operations16(30)(41)    
Income (loss) from continuing operations:132834(31)6370
Income (loss) from discontinued operations0(10)    86
Net income (loss):133734(31)63157
Net income (loss) attributable to noncontrolling interest  0(1)(6)4(20)
Other undisclosed net loss attributable to parent(1)(1)     
Net income (loss) available to common stockholders, basic:131734(33)(0)7137
Dilutive securities, effect on basic earnings per share1212     
Net income (loss) available to common stockholders, diluted:144854(33)(0)7137

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):133734(31)63157
Other comprehensive income (loss)411(14)1928(18)(58)
Comprehensive income (loss):17374(10)(12)34(15)99
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)0(1)(8)8(17)
Comprehensive income (loss), net of tax, attributable to parent:17274(10)(13)26(8)82

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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