Steel Partners Holdings LP (SPLP) financial statements (2021 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)

9/30/2020
TTM
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 investments 149336477504267327
Cash and cash equivalents 148335419450186189
Short-term investments 01585481138
Restricted cash and investments  1216132221
Receivables 321151428279128
Inventory, net of allowances, customer advances and progress billings 16815914311910264
Inventory 16815914311910264
Disposal group, including discontinued operation     376
Other undisclosed current assets 4524333512724747
Total current assets: 1,0901,0921,029916719664
Noncurrent Assets
Property, plant and equipment 262297272261255184
Long-term investments and receivables 472422324182229388
Long-term investments 276258236120167312
Accounts and financing receivable, after allowance for credit loss 19616488626276
Intangible assets, net (including goodwill) 308367369395241165
Goodwill 15018417016710246
Intangible assets, net (excluding goodwill) 159184199227139119
Disposal group, including discontinued operation, noncurrent assets     330
Estimated insurance recoveries 10     
Other noncurrent assets 718061312746
Other undisclosed noncurrent assets 1199610918321015
Total noncurrent assets: 1,2421,2641,1351,052965828
TOTAL ASSETS: 2,3322,3562,1641,9671,6851,493
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 21919917917112176
Accounts payable 100106105896035
Accrued liabilities 1209374826141
Debt 174264421
Derivative instruments and hedges, liabilities  1216132221
Due to related parties 002113
Disposal group, including discontinued operation   00013
Financial instruments subject to mandatory redemption, settlement terms, share value, amount 40     
Deferred tax liabilities    0
Other liabilities 43221120198
Other undisclosed current liabilities 61543230519715487
Total current liabilities: 936670515466321230
Noncurrent Liabilities
Long-term debt and lease obligation 391478413330238297
Long-term debt, excluding current maturities 391478413330236296
Capital lease obligations   20
Liabilities, other than long-term debt 211227284295290226
Deferred tax liabilities, net   55
Liability, pension and other postretirement and postemployment benefits 196206268285277208
Disposal group, including discontinued operation, liabilities      1
Other liabilities 15211610912
Other undisclosed noncurrent liabilities 3184623851729576
Total noncurrent liabilities: 9201,1671,082797623599
Total liabilities: 1,8561,8371,5971,263944829
Stockholders' equity
Stockholders' equity attributable to parent (191)(177)(106)(69)(54)3
Accumulated other comprehensive income (loss) (191)(177)(106)(69)(54)3
Other undisclosed stockholders' equity 668697673773795661
Total stockholders' equity: 476519567704740664
TOTAL LIABILITIES AND EQUITY: 2,3322,3562,1641,9671,6851,493

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 1,5621,5851,3721,164998850
Revenue, net1,156999763600
Cost of revenue (43)(1,110)(6)(816)(0)(588)
Cost of goods and services sold  (1,110) (816) (587)
Provision for loan, lease, and other losses (43) 
Financial services costs(6) (0)(1)
Gross profit: 1,5184751,366348998262
Operating expenses (1,534)(1,594)(1,332)(1,141)(975)(824)
Operating income (loss): (16)(1,119)35(793)23(563)
Nonoperating income
(Investment Income, Nonoperating)
      2
Interest and debt expense (41)(39)(1)(11)(9)(11)
Other undisclosed income from continuing operations before equity method investments, income taxes 851,14968279597
Income (loss) from continuing operations before equity method investments, income taxes: 28(9)40222325
Income (loss) from equity method investments    4(35)(3)
Other undisclosed income (loss) from continuing operations before income taxes 33(10)17 3(15)
Income (loss) from continuing operations before income taxes: 61(19)5727(8)7
Income tax expense (benefit) (16)(13)(51)(24)79(24)
Other undisclosed loss from continuing operations (41)     
Income (loss) from continuing operations: 4(31)6370(18)
Income from discontinued operations     8610
Net income (loss): 4(31)63157(7)
Net income (loss) attributable to noncontrolling interest 0(1)(6)4(20)(0)
Net income (loss) available to common stockholders, diluted: 4(33)(0)7137(8)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 4(31)63157(7)
Other comprehensive income (loss) (14)1928(18)(58)(69)
Comprehensive income (loss): (10)(12)34(15)99(76)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 0(1)(8)8(17)30
Comprehensive income (loss), net of tax, attributable to parent: (10)(13)26(8)82(46)

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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